This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 41 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 41 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Balance in a current account is classified as which of the following? A) Hybrid deposit. B) Term deposit. C) Demand deposit. D) Fixed deposit. Show Answer Correct Answer: C) Demand deposit. 2. A Corporate Loan has which of the following features? A) Specified Repayment Schedule. B) Fixed Interest Rate. C) Specific Time and Amount. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 3. Money Laundering normally involves [BOB 2008] A) Placement of funds. B) Layering of funds. C) Integration of funds. D) All the above. Show Answer Correct Answer: D) All the above. 4. What is the share of sponsor bank in the capital of RRB? A) 35%. B) 49%. C) 51%. D) 71%. Show Answer Correct Answer: A) 35%. 5. Which type of Fund is required to be listed on Stock Exchange? A) Debit Fund. B) Liquid Fund. C) Close Ended Funds. D) Sector Funds. Show Answer Correct Answer: C) Close Ended Funds. 6. An increase in CRR by RBI leads to A) Decrease in deposit. B) Increase in deposit. C) Increase in lendable resources. D) Decrease in lendable resources. Show Answer Correct Answer: D) Decrease in lendable resources. 7. The European Union has adopted which of the following as a common currency? A) Dollar. B) Dinar. C) Yen. D) Euro. Show Answer Correct Answer: D) Euro. 8. Which of the following was the first commercial Bank of limited liability managed by Indians? A) Punjab National Bank. B) Oudh Commercial Bank. C) Imperial Bank of India. D) Bank of Baroda. Show Answer Correct Answer: B) Oudh Commercial Bank. 9. Which of the following schemes was launched a few years back to provide wage employment to the rural people in India (The programme is being run successfully in addition to NREGA)? A) Indira Awas Yojana. B) Accelerated Rural Water Supply Programme. C) Total Sanitation Campaign. D) Sampoorna Grameen Rozgar Yojana. Show Answer Correct Answer: D) Sampoorna Grameen Rozgar Yojana. 10. Which of the following is not a subsidiary of Reserve Bank of India? A) Bharatiya Reserve Bank Note Mudran Private Limited. B) NABARD. C) State Bank of India. D) National Housing Bank. Show Answer Correct Answer: C) State Bank of India. 11. Which one of the following will setup core banking infrastructure for rural banks? A) RBI. B) NABARD. C) SIDBI. D) IBA. Show Answer Correct Answer: B) NABARD. 12. When the exchange rate is adjusted so that an identical good in two different countries has the same price when expressed in the same currency. It is called..... A) Purchasing Power Parity. B) Bank Rate. C) Wage Rate. D) Exchange Rate. Show Answer Correct Answer: A) Purchasing Power Parity. 13. Largest shareholder (in percentage shareholding) of a nationalized bank is: A) RBI. B) NABARD. C) LICI. D) Govt. of India. Show Answer Correct Answer: D) Govt. of India. 14. When was the Board for Payment and Settlement Systems established in the RBI? A) 2005. B) 2003. C) 2002. D) 2001. Show Answer Correct Answer: A) 2005. 15. Who is the first chairperson and managing director of public sector Bharatiya Mahila Bank (BMB)? A) Shilpa Phadnis. B) Usha Anantha Subramanian. C) Reeba Zachariah. D) Sudha Misra. Show Answer Correct Answer: B) Usha Anantha Subramanian. 16. CRILC (Central Repository of Information on Large Credits) is a borrower level supervisory dataset that keeps records of loan of.....? A) 5 Crore and above. B) 5.2 Crore and above. C) 6 Crore and above. D) 8 Crore and above. Show Answer Correct Answer: A) 5 Crore and above. 17. An organisation which pools money from investors & invests in stock, bonds, shares is called..... A) Bancassurance. B) A Bank. C) Insurance company. D) Mutual Fund. Show Answer Correct Answer: D) Mutual Fund. 18. Regional Rural Banks fall within supervisory purview of A) SBI. B) RBI. C) SEBI. D) IRDA. Show Answer Correct Answer: A) SBI. 19. Which of the following has a fixed time and pays higher interest than a SB Acccount? A) Savings Bank Account. B) Fixed Deposit Account. C) Recurring Account. D) Current Account. Show Answer Correct Answer: A) Savings Bank Account. 20. What can be the minimum initial contribution to the paid-up equity capital of small finance banks? A) 25%. B) 40%. C) 75%. D) 50%. Show Answer Correct Answer: B) 40%. ← 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