This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 42 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 42 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. As per the newspaper reports, some economically developed states only hold about 60% of the total 'Demant Accounts' in India. A demant Account is A) An account which is opened by the people of the lower income groups of society. B) An account in which trading of the shares is done. C) An account which can be opened only by minors. D) An account which can be operated by big corporate houses and are mainly business accounts like current acounts. Show Answer Correct Answer: B) An account in which trading of the shares is done. 2. Which of the following is not a Financial/Economic term? A) Marginal Utility. B) Dumping. C) Pipette. D) Break Even Point. Show Answer Correct Answer: C) Pipette. 3. Banks' mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as [IBPS 2013] A) Para banking. B) Sub-prime lending. C) Retail lending. D) Priority sector lending. Show Answer Correct Answer: D) Priority sector lending. 4. Which of the following is not commercial bank? A) Foreign Banks. B) Private Banks. C) RBI. D) Regional Rural Banks. Show Answer Correct Answer: C) RBI. 5. When did World Trade Organisation come into force? A) 2nd January, 1948. B) 1st January, 1995. C) 12th January, 1948. D) 15th January, 1946. Show Answer Correct Answer: B) 1st January, 1995. 6. The World Bank has set a new goal of reducing extreme poverty to: A) 9 percent by 2020. B) 6 percent by 2015. C) 3 percent by 2025. D) 0 percent by 2015. Show Answer Correct Answer: A) 9 percent by 2020. 7. What is the definition of affordable housing loans as announced by the Reserve Bank of India (RBI) on 15 July 2014? A) RS. 50 lakh in metros and RS. 40 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity). B) RS. 30 lakh in metros and RS. 20 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum eight years maturity). C) RS. 50 lakh in metros and RS. 25 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum six years maturity). D) RS. 60 lakh in metros and RS. 35 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity). Show Answer Correct Answer: A) RS. 50 lakh in metros and RS. 40 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity). 8. Scheduled bank refers to a bank A) Authorized by central government to transaction government business. B) Registered with ministry of finance, govt. of India. C) Which is included in the second schedule to the RBI act, 1934. D) Incorporated as a cooperative society. Show Answer Correct Answer: C) Which is included in the second schedule to the RBI act, 1934. 9. Which organisation regulates capital market? A) Government of India. B) RBI. C) SEBI. D) None of the above. Show Answer Correct Answer: C) SEBI. 10. Who has been appointed as the Managing Director and Chief Executive Officer of General India Life Insurance? A) Arvind Mayaram. B) Santosh Hegde. C) JS Mathur. D) Munish Sharda. Show Answer Correct Answer: D) Munish Sharda. 11. Which was the first bank to be wholly owned and run by Indians? A) Allahabad Bank. B) Bank of Baroda. C) Bank of India. D) Central Bank of India. Show Answer Correct Answer: D) Central Bank of India. 12. Currency Swap is an instrument to manage [BOB 2008] A) Currency risk. B) Interest rate risk. C) Currency and interest rate risk. D) Cash flows in different currencies. Show Answer Correct Answer: D) Cash flows in different currencies. 13. Which of the following organization is made specifically responsible for empowering Micro, Small and Medium enterprises in India? A) NABARD. B) RBI. C) SIDBI. D) ECGC. Show Answer Correct Answer: C) SIDBI. 14. What is the maximum amount of balance can be maintained an individual in payments bank? A) 1, 50, 000. B) 1, 00, 000. C) 50, 000. D) 25, 000. Show Answer Correct Answer: B) 1, 00, 000. 15. Which of the following is not required for opening a bank account? A) Identity proof. B) Address proof. C) Recent photographs. D) Domicile certificate. Show Answer Correct Answer: D) Domicile certificate. 16. Discount and Finance House of India Limited was set up by RBI in..... A) 1988. B) 1989. C) 1987. D) 1990. Show Answer Correct Answer: A) 1988. 17. Who is the Ex-Officio chairmain of Niti Aayog? A) The President. B) The Finance Minister. C) The Prime Minister. D) The Chief of CSO. Show Answer Correct Answer: C) The Prime Minister. 18. India started its five year planning with effect from the year A) 1955. B) 1951. C) 1960. D) 1965. Show Answer Correct Answer: B) 1951. 19. What is the number of member states in the World Trade Organisation? A) 144. B) 148. C) 150. D) 146. Show Answer Correct Answer: D) 146. 20. Which of the below acts as the principle regulator in the capital market in India? A) IRDA. B) RBI. C) SIDBI. D) SEBI. Show Answer Correct Answer: D) SEBI. ← 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