This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 43 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 43 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of these banks is not a private sector bank? A) Jammu & Kashmir bank. B) Dhanlakshmi bank. C) City Union bank. D) Corporation bank. Show Answer Correct Answer: D) Corporation bank. 2. "Doing business report" published by A) World Bank. B) IMF. C) ADB. D) WTO. Show Answer Correct Answer: A) World Bank. 3. Gross domestic product is a measure of the total value of all A) Consumer income in an economy over a period of time. B) Capital accumulation in an economy over a period of time. C) Sales in an economy over a period of time. D) Final goods and services produced in an economy over a period of time. Show Answer Correct Answer: D) Final goods and services produced in an economy over a period of time. 4. Micro credit or micro-finance is a novel approach to banking with the poor. In this approach, bank credit is extended to the poor through A) Self-Help Groups. B) Anganwadi. C) Cooperative Credit Societies. D) RBI. Show Answer Correct Answer: C) Cooperative Credit Societies. 5. Which of the following is not a objective of Bank portfolio management? A) Profitability. B) Liquidity. C) Safety. D) Expansion. Show Answer Correct Answer: D) Expansion. 6. PIN stands for which of the following? A) Permanent Identity Number. B) Portable Identification Number. C) Permanent Identification Number. D) Personal Identification Number. Show Answer Correct Answer: D) Personal Identification Number. 7. Which of the following best defines the meaning of Exchange rate? A) It is a price at which Foreign money is exchanged at counters. B) It is the price at which one country's currency is expressed in another country's currency. C) It is the price at which Foreign materials are purchased or sold. D) All of the above. Show Answer Correct Answer: B) It is the price at which one country's currency is expressed in another country's currency. 8. The right to retain possession only of those goods in respect of which the dues have arisen is called A) Particular lien. B) General lien. C) Right of set off. D) All of these. Show Answer Correct Answer: A) Particular lien. 9. Inflation is caused by A) Increase in supply of goods. B) Increase in cash with the government. C) Decrease in money supply. D) Increase in money supply. Show Answer Correct Answer: D) Increase in money supply. 10. Which of the following is called the World Bank? A) International Monetary Fund. B) Asian Development Bank. C) World Trade Organisation. D) International Bank for Reconstruction and Development. Show Answer Correct Answer: D) International Bank for Reconstruction and Development. 11. Which of the following is the feature of the commercial paper? A) It is an additional instrument to the investing community. B) It is an unsecured instrument issued in the form of promissory note. C) The highly rated corporate borrowers can raise short term funds through this instrument. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. A bank's 'fixed deposit' is also referred to as a A) Term deposit. B) Savings bank deposit. C) Current deposit. D) Demand deposit. Show Answer Correct Answer: A) Term deposit. 13. Which of the following best defines the Reverse Mortgage Loan Scheme? A) A reverse mortgage is a loan for seniors age 62 and older. B) These loans are secured over a residential property. C) These loans typically do not require monthly mortgage payments. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 14. Which of the following is an example of NBFCs? [IBPS 2013] A) Unit Trust of India. B) Life Insurance Corporation. C) General Insurance Corporation. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following is a nostro account? A) Account of a foreign bank in India. B) Account of an Indian bank within another bank overseas. C) Account of a non-resident Indian. D) All of the above. Show Answer Correct Answer: B) Account of an Indian bank within another bank overseas. 16. Bank rate refers to the..... A) Interest rate at which Commercial Banks accept deposits from the public. B) Rate at which Central Bank rediscounts bills of exchange of Commercial Banks. C) Prime Lending Rate of Commercial Banks. D) Interest rate at which Commercial Banks lend to the customers. Show Answer Correct Answer: B) Rate at which Central Bank rediscounts bills of exchange of Commercial Banks. 17. Which of the following are intermediaries are not working for Banks? A) Direct sales agents. B) Automatic dealers. C) Whole sellers. D) Merchant establishments. Show Answer Correct Answer: C) Whole sellers. 18. The SecuritisationAnd Reconstruction of Financial Assets and Enforcement of Security Interests Act (SARFAESI Act) at present, is not applicable to A) Public Sector Banks. B) Financial Institutes of the Govt. C) Private Banks. D) Non Banking Financial Companies. Show Answer Correct Answer: D) Non Banking Financial Companies. 19. Which of the following relates to the notice of protest under section 102 of the Negotiable Instruments Act, 1881? A) May be given by the notary public who makes the protest. B) Must always be given by the notary public who makes the protest. C) Must be given by the holder. D) None of the above. Show Answer Correct Answer: A) May be given by the notary public who makes the protest. 20. What is the minimum amount of money that can be transferred through RTGS? A) Rs 2 lakh. B) Rs 2.5 lakh. C) Rs 3 lakh. D) Rs 5 lakh. Show Answer Correct Answer: A) Rs 2 lakh. ← 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