This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 38 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 38 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the banking, where all banking operations are online, known as? A) Virtual Banking. B) Retail Banking. C) Mixed Banking. D) Social Banking. Show Answer Correct Answer: A) Virtual Banking. 2. Transaction cost of trading of financial instruments in centralized market is classified as which of the following? A) Low transaction costs. B) Flexible costs. C) High transaction costs. D) Constant costs. Show Answer Correct Answer: A) Low transaction costs. 3. Which of the following Regulations is made under the PSS Act, 2007? A) Board for Regulation. B) Supervision of Payment and Settlement Systems Regulations. C) Survey Board of Regulation. D) Both 1 and 2. Show Answer Correct Answer: D) Both 1 and 2. 4. The drawer of a cheque is always a A) Bank. B) Company. C) Firm. D) Customer. Show Answer Correct Answer: D) Customer. 5. What do we call the type of banking carried out by the non-bank financial intermediaries which provide services similar to those of traditional commercial banks? A) Social Banking. B) Mixed Banking. C) Shadow banking. D) Narrow banking. Show Answer Correct Answer: C) Shadow banking. 6. What does PMLA stands for? A) Primary Money Launching Authority. B) Preventing Money Launching Act. C) Promoting Money Laundering Act. D) Prevention of Money Laundering Act. Show Answer Correct Answer: D) Prevention of Money Laundering Act. 7. As we all know, more and more countries/organisations are now going for Non-Cash Transactions and accordingly Banks have launched many new products in the market for the same. Which of the following products is a non-cash transaction product? A) Only ATM Card. B) Only Credit Card. C) Only Prepaid Card. D) All are non-cash transaction products. Show Answer Correct Answer: D) All are non-cash transaction products. 8. In respect of CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) No collateral and no third party guarantee for fund based and non fund based credit facilities up to..... A) Rs. 10.00 lakhs. B) Rs. 5.00 lakhs. C) Rs.100 lakhs. D) Rs. 5 lakhs. Show Answer Correct Answer: C) Rs.100 lakhs. 9. What is the current FDI limit in private sector banks without government approval? A) 34%. B) 25%. C) 49%. D) 74%. Show Answer Correct Answer: C) 49%. 10. Which of the following is the main component of Foreign exchange reserves? A) Gold. B) Loans. C) Domestic currency. D) Foreign currency assets. Show Answer Correct Answer: D) Foreign currency assets. 11. Credit Rating A) Is used to rate the borrowers while giving advances. B) Is used to work out performance of the employees. C) Is used to calculate the number of excellent audit-rated branches. D) Is not used in any bank. Show Answer Correct Answer: A) Is used to rate the borrowers while giving advances. 12. What is the eligibility or entry point norms for registration of an IFC-NBFC with RBI? A) A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans. B) The company should have minimum net-worth of Rs 300 crore. C) The CRAR of of the company should be at 15% with Tier I capital at 10%. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Your Perfect banking Partner is the punch line of.....Bank. A) Bank of Maharastra. B) UTI Bank. C) BOB. D) Federal Bank. Show Answer Correct Answer: D) Federal Bank. 14. Which bank in India has introduced vertical credit cards? A) Kotak Bank. B) Yes Bank. C) HDFC Bank. D) ICICI Bank. Show Answer Correct Answer: A) Kotak Bank. 15. Core Investment Company holds not less than how much percent of its net assests in the form of investment? A) 50%. B) 70%. C) 90%. D) 80%. Show Answer Correct Answer: C) 90%. 16. ARC ratings is a joint initiative between which of the following? A) Sociedade de Avaliacao Estrategica e Risco, Lda of Portugal. B) Credit Analysis and Research Limited (CARE) of India. C) Global Credit Rating Company Limited (GCR) of South Africa. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 17. Which is not a source of Agriculture finance in India? A) Co-operative societies. B) Commercial Banks. C) Regional Rural Banks. D) Central Rural Bank. Show Answer Correct Answer: D) Central Rural Bank. 18. The RBI has prescribed that all SGBs should maintain their SLRs in A) Dated securities notified by RBI. B) T-bills of Government of India. C) State development loans. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Which of the following banks enjoys the reputation of being at the top in market capitalization among all the private banks? A) ICICI Bank. B) HDFC Bank. C) Axis Bank. D) IDBI Bank. Show Answer Correct Answer: B) HDFC Bank. 20. Which of the following public sector banks is regarded as being the first to launch its own Mutual Fund Scheme? A) SBI. B) PNB. C) Bank of India. D) Canara Bank. Show Answer Correct Answer: A) SBI. ← PreviousNext →Related QuizzesBanking QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books