This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 39 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 39 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The new issue market is connected with..... A) New issue of treasury bills. B) New issue of currency notes. C) Issue of IPO. D) All of above. Show Answer Correct Answer: D) All of above. 2. In which year does Reserve Bank of India introduced the concept of classification of money into $M_1$, $M_2$, $M_3$ and so on? A) 1956. B) 1961. C) 1977. D) 1998. Show Answer Correct Answer: C) 1977. 3. Which of the following is not a part of the World Bank? A) IBRD. B) ADB. C) IDA. D) IFC. Show Answer Correct Answer: B) ADB. 4. RHP means A) Read Herring Prospectus. B) Roll Hearing Prospectus. C) Red Herring Prospectus. D) Red Herring Proposals. Show Answer Correct Answer: C) Red Herring Prospectus. 5. Currently, banks claim that they have achieved 100% CBS. What are they referring to? A) It means all their branches are technology driven with core banking solutions. B) It suggests complete banking services. C) It is an indication of customised banking services. D) All of the above. Show Answer Correct Answer: A) It means all their branches are technology driven with core banking solutions. 6. A working group on cheque transactions and E-cheques was constituted by the Reserve Bank of India under the chairmanship of Dr R B Barman and major recommendations of group include A) The physical cheque will be truncated within the presenting bank. B) Settlement will be generated on the basis of current MICR code line data. C) Electronic images will be used for payment processing. D) All of these. Show Answer Correct Answer: D) All of these. 7. "Honours your Trust" is a Tag line of which bank? A) Andhra Bank. B) Vijaya Bank. C) Dena Bank. D) UCO Bank. Show Answer Correct Answer: C) Dena Bank. 8. Who amongst the following has asked banks to adopt 'six step' approach to prevent diversion of funds by the companies? A) Company Registrar. B) SEBI. C) RBI. D) AMFI. Show Answer Correct Answer: C) RBI. 9. BASEL-III will be implemented from..... A) 2012. B) 2013. C) 2014. D) 2015. Show Answer Correct Answer: C) 2014. 10. What is Money Laundering? A) Conversion of assets into cash. B) Conversion of Money which is illegally obtained. C) Conversion of cash into gold. D) Conversion of gold into cash. Show Answer Correct Answer: B) Conversion of Money which is illegally obtained. 11. Agricultural taxation in India is difficult because of A) Scattered nature of land holdings. B) Seasonality of production. C) The fact that agriculture is not taxed any where in the world. D) Increasing overhead cost of tax collection and the lack of political will. Show Answer Correct Answer: D) Increasing overhead cost of tax collection and the lack of political will. 12. Under which section of the RBI Act 1934 the Ways and Means Advances is provided? A) Section 3(15). B) Section 6(3). C) Section 21. D) Section 17(5). Show Answer Correct Answer: D) Section 17(5). 13. The Narasimham Committee-I was set-up to suggest some recommendations for improvement in the A) Efficiency and productivity of the financial institution. B) Banking reform process. C) Export of IT sector. D) Fiscal reform process. Show Answer Correct Answer: A) Efficiency and productivity of the financial institution. 14. Regional Rural Banks were set up on the recommendations of A) Nariman committee. B) Narasimham committee. C) Gadgil committee. D) Puri committee. Show Answer Correct Answer: B) Narasimham committee. 15. Which amongst the following organizations make major credit policies for the Regional Rural Banks (RRBs)? A) NABARD. B) Asian Development Bank. C) World Bank. D) State Bank of India. Show Answer Correct Answer: A) NABARD. 16. The Reserve Bank of India has divested its stake in State Bank of India to A) IDBI Bank. B) LIC. C) ICICI Bank. D) Government of India. Show Answer Correct Answer: D) Government of India. 17. In the case of advances against fixed deposits receipts of the bank A) Deposit represented by the receipt is assigned to the bank. B) Deposit receipt is pledged to the bank. C) Deposit receipt is hypothecated to the bank. D) A lien is created on the deposit receipts in favour of the bank. Show Answer Correct Answer: D) A lien is created on the deposit receipts in favour of the bank. 18. 'Account Payee Crossing' of cheques is meant to convey which of the following A) Payment to the person named in the cheque. B) Payment to the person or his authorized representative. C) Payment to the named person only through bank clearing house. D) Payment to the payee named through clearing against the confirmation of collecting bank. Show Answer Correct Answer: D) Payment to the payee named through clearing against the confirmation of collecting bank. 19. Banks and other institutions have issued debt and credit cards, the purpose of both are A) The same, to make paperless payments. B) Different, since in credit card, the account is credited with the amount while in debit card the account is debited. C) The same, there is risk weight-age of 125% in both the cards. D) Different, since in debit cards interest for delayed period is charged while in credit cards no such interest is charged by banks. Show Answer Correct Answer: A) The same, to make paperless payments. 20. Which of the following is NOT a Public Sector Unit? A) HPCL. B) Yes Bank. C) HAL. D) SAIL. Show Answer Correct Answer: B) Yes Bank. ← 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