This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 45 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 45 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the full form of OSMOS? A) On Site Surveillance and Monitoring System. B) Off Site Surveillance and Monitoring System. C) Over-Simplified Method of Surveillance. D) On Site Migration of System. Show Answer Correct Answer: B) Off Site Surveillance and Monitoring System. 2. What do we call the funds that the banks keep with RBI as a portion of their Net Demand and Time Liabilities? A) Statutory Liquidity Ratio. B) Cash Reserve Ratio. C) Bank Rate. D) Reverse Repo Rate. Show Answer Correct Answer: B) Cash Reserve Ratio. 3. The capital of IMF is made up by contribution of the A) Credit. B) Deficit financing. C) Member nations. D) Borrowing. Show Answer Correct Answer: C) Member nations. 4. Which one of the following is an example of joint supply? A) Sugar and Tea. B) Diesel and Bus. C) Ink and Fountain Pen. D) Wool and Mutton. Show Answer Correct Answer: D) Wool and Mutton. 5. Which of the following acts regulates the underwriting process in India? A) RBI Act 1934. B) Securities and Exchanges Board of India (Underwriters) Regulations, 1993. C) Securities and Exchange Board of India (Underwriters) (Amendment) Regulations, 2006. D) Both b and c. Show Answer Correct Answer: D) Both b and c. 6. Which of the following is the full form of KCC as used in the agriculture sector? A) Kisan Credit Card. B) Kisan Credit Company. C) Knowledge Credit Corporation. D) Konkan Credit Corporation. Show Answer Correct Answer: A) Kisan Credit Card. 7. Which among the following benefits is associated with RuPay? A) International transactions lead to higher transactions costs. Such costs can be reduced by using RuPay. B) Users will get alerts for every transaction made through RuPay Card. C) Processing Fees for RuPay card compared with regular debit/credit cards will be considerably lower. D) All of The Above. Show Answer Correct Answer: D) All of The Above. 8. In Take Out Financing there is/are how many parties involve? A) One. B) Two. C) Three. D) Four. Show Answer Correct Answer: C) Three. 9. Which of the following organisations/banks has done a commendable work in the field of micro-finance and was awarded Nobel Prize also in the past? A) Gramin Bank of Bangladesh. B) CRY. C) ASHA. D) NABARD. Show Answer Correct Answer: A) Gramin Bank of Bangladesh. 10. Lead Bank scheme was introduced to provide lead roles to which of the following banks? A) Public sector banks. B) Private sector banks. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: C) Both 1 and 2. 11. What is the minimum capital required to set up payments bank? A) Rs 100 crore. B) Rs 75 crore. C) Rs 50 crore. D) Rs 25 crore. Show Answer Correct Answer: A) Rs 100 crore. 12. Standardized futures contracts exist for all of the following underlying assets except which of the following? A) Treasury bonds. B) Gold. C) Common stocks. D) Stock index. Show Answer Correct Answer: C) Common stocks. 13. Banking which involves mobilizing large part of the deposits in risk free assets such as government securities is called..... A) Overseas Banking. B) Offshore Banking. C) Islamic Banking. D) Narrow Banking. Show Answer Correct Answer: D) Narrow Banking. 14. Equity schemes managed strong NAV gains which boost their assets' was a new in some financial newspapers. What is the full form of NAV used as in above headlines? [Central Bank of India 2010] A) Nill Accounting Variation. B) Net Accounting Venture. C) Net Asset Value. D) New Asset Venture. Show Answer Correct Answer: C) Net Asset Value. 15. When was the Factoring Regulation Act passed in India? A) 2011. B) 2000. C) 1991. D) 2001. Show Answer Correct Answer: A) 2011. 16. A 10-member High Level Task force was constituted by RBI on Public Credit Registry under the chairmanship of which of the following persons? A) Nandan Nilekani. B) ABP Pandey. C) Urjit Patel. D) Y M Deosthalee. Show Answer Correct Answer: D) Y M Deosthalee. 17. What is the main function of National Planning Council? A) Suggestions to Planning Commission. B) Formation of Committee. C) Formation of Five Year Plan. D) Formation of Socio-Economic Programme. Show Answer Correct Answer: A) Suggestions to Planning Commission. 18. As per the status on January 28, 2014 the Marginal Standing Facility (MSF) stands at A) 8.50%. B) 8.75%. C) 9.00%. D) 9.25%. Show Answer Correct Answer: C) 9.00%. 19. Which of the following is the standard definition of recession? A) Negative GDP growth for the year as a whole. B) Negative GDP growth for two consecutive quarters. C) Negative GDP growth for three consecutive quarters. D) Negative GDP growth with increased rate of inflation compared to the previous years. Show Answer Correct Answer: B) Negative GDP growth for two consecutive quarters. 20. In India, Scheduled Commercial Banks are those Banks included? A) In the 2nd Schedule of RBI Act 1934. B) In the 2nd Schedule of BR Act 1949. C) In the 2nd Schedule of NI Act 1881. D) In the 2nd Schedule of Companies Act 1956. Show Answer Correct Answer: A) In the 2nd Schedule of RBI Act 1934. ← 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