This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 40 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 40 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following Acts was framed specially to deal more effectively with the problem of Non-Performing Assets in banking system? [Corporation Bank 2011] A) Companies Act. B) Banking Regulation Act. C) Foreign Exchange Management Act. D) SARFAESI Act. Show Answer Correct Answer: D) SARFAESI Act. 2. Which of these are at the lowest rung of Rural Cooperative banking structure in India? A) State Cooperative Banks. B) District Central Cooperative Banks. C) Primary Agricultural Credit Societies. D) None of the above. Show Answer Correct Answer: C) Primary Agricultural Credit Societies. 3. If a company, which is not a non-banking financial company wants to collect public deposits, it is governed by.....Act A) RBI Act 1934. B) Banking companies Act. C) Companies Act 1956. D) Central Government. Show Answer Correct Answer: C) Companies Act 1956. 4. Under which act the Local Area banks are registered? A) Banking Regulations Act 1949. B) Companies Act 1956. C) RBI Act 1935. D) None. Show Answer Correct Answer: B) Companies Act 1956. 5. Which of the following organisations provides credit history of the borrowers? A) CIBIL. B) ARCIL. C) SEBI. D) RBI. Show Answer Correct Answer: A) CIBIL. 6. What type of loan is granted by banks for purchase of white goods? A) Consumption loan. B) Mortgage loan. C) Consumer durables loan. D) Home loan. Show Answer Correct Answer: C) Consumer durables loan. 7. In case where the loan is sanctioned by the bank against the borrower submitting the fake/forged documents and thus, playing fraud on the bank, such a loan is to be treated in the bank's books as a.....asset, even when there is recovery in the account as per the repayment schedule approved by the bank at the time of sanctioning the loan. A) Standard. B) Sub-standard. C) Doubtful. D) Loss. Show Answer Correct Answer: D) Loss. 8. In recent years it has been recognized increasingly that a large segment of the rural population is out of the reach of the formal banking services. Which of the following is the name of the concept floated to bring most of these rural persons in the net of financial and banking services? A) Corporate Governance. B) Financial Inclusion. C) Wealth Creation. D) Credit Management. Show Answer Correct Answer: B) Financial Inclusion. 9. Shares issued in Primary market in the form of IPO and FPO. IPO means? A) India Public Offer. B) Initial Private Offer. C) Initial Public Off. D) Initial Public Offer. Show Answer Correct Answer: D) Initial Public Offer. 10. Which among them is responsible for maintaining a Minimum reserve system against printing of currency notes? A) Issue Department. B) Banking Department. C) Both 1 & 2. D) None of the above. Show Answer Correct Answer: A) Issue Department. 11. How many banks were nationalised in July 1969 when the first nationalisation took place? A) 5. B) 8. C) 10. D) 14. Show Answer Correct Answer: D) 14. 12. The first Governor of the Reserve Bank of India from 1st April, 1935 to 30th June, 1937 was A) Sir Osborne Smith. B) Sir James Taylor. C) CD Deshmukh. D) Sir Benegal Rama Rao. Show Answer Correct Answer: A) Sir Osborne Smith. 13. Which among the following is called as non performing assets? A) Assets that can exchange income;. B) Assets that eases to earn interest income. C) Assets that have not been commented upon by the auditors. D) All the above. Show Answer Correct Answer: B) Assets that eases to earn interest income. 14. Which is the smallest Local Area Bank in India? A) Subhadra Local Area Bank Ltd. B) Coastal Local Area Bank Ltd. C) Capital Local Area Bank Ltd. D) Krishna Bhima Samruddhi Local Area Bank Ltd. Show Answer Correct Answer: A) Subhadra Local Area Bank Ltd. 15. The amount of which of the following reflects the overall budgetary position of the Government of India at a given time? A) Revenue deficit. B) Total amount of income tax collected. C) Capital deficit. D) Fiscal deficit. Show Answer Correct Answer: D) Fiscal deficit. 16. The Reserve Bank of India issues coins and notes of various denominations. At present RBI does not issue coins of which of the following denominations? A) 10 paise. B) 20 paise. C) 25 paise. D) 1.00 Rupee. Show Answer Correct Answer: D) 1.00 Rupee. 17. In India, RBI prescribes the minimum SLR level for scheduled commercial banks in India, in specified assets as a percentage of bank's A) Net demand and time liabilities. B) Demand liability. C) Time liability. D) All of the above. Show Answer Correct Answer: A) Net demand and time liabilities. 18. Regional rural banks are working in all the states of India except A) Sikkim. B) Jammu and Kashmir. C) Goa. D) Sikkim and Goa. Show Answer Correct Answer: D) Sikkim and Goa. 19. As per the reports published in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector? A) Credit cards. B) Loan against gold from financial institute. C) Debit cards. D) Money lender. Show Answer Correct Answer: D) Money lender. 20. Which of the following financial product are NOT much popular in India as they have been launched only recently? A) Development Bonds. B) Insurance Policies. C) Mutual funds. D) Sovereign Wealth Funds. Show Answer Correct Answer: D) Sovereign Wealth Funds. ← 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