This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 46 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 46 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following department is not a part of Finance Ministry of India? A) Department of Revenue. B) Department of Expenditure. C) Department of Economic Affairs. D) Department of Industrial Policy & Promotion. Show Answer Correct Answer: D) Department of Industrial Policy & Promotion. 2. Central Bank of India was the first public bank to introduce: A) Credit card. B) ATM Card. C) Mobile ATM. D) Internet Banking Facility. Show Answer Correct Answer: A) Credit card. 3. Union Budget, which is presented every year in the parliament, is also known as A) General Budget. B) Common Budget. C) Annual Budget. D) Finance Report of the Year. Show Answer Correct Answer: A) General Budget. 4. What was the target set by Narasimham-II Committee for the capital adequacy ratio of the banks by the year 2000? A) 8%. B) 9%. C) 10%. D) 11%. Show Answer Correct Answer: B) 9%. 5. The full form of SPNS is..... A) Shared Payment Network System. B) Sharing Process Network System. C) Shared Procedural Network System. D) Shortest Possible Networking System. E) None of these. Show Answer Correct Answer: A) Shared Payment Network System. 6. An agreement, which in fact is a contract, between the RBI and Banks for the sale and repurchase of Govt securities and shortterm treasury bills at a future date and for which the RBI indicates .the interest rate., is generally known as A) Repo Rate. B) Bank Rate. C) Reverse Repo Rate. D) Prime Lending Rate. Show Answer Correct Answer: A) Repo Rate. 7. Which of the following is a long-term, unsecured debt instrument with a lower claim on assets and income than other classes of debt? A) Trustee bond. B) Income bond. C) A junk bond. D) A subordinated debenture. Show Answer Correct Answer: D) A subordinated debenture. 8. Who is the CEO of the CRISIL? A) Ashu Suyash. B) Rajesh Mokashi. C) Naresh Takkar. D) Varun Mirchandani. Show Answer Correct Answer: A) Ashu Suyash. 9. RBI constituted an expert committee for examining its current monetary policy framework. Who is the chairman of the committee? A) Dr. Urjit Patel. B) H. R. Khan. C) Dr. Anand Sinha. D) K. C. Chakrabarty. Show Answer Correct Answer: A) Dr. Urjit Patel. 10. Digital signature are A) Legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures. B) Required for authentication of e-mail and SFMS. C) Required for authentication of settlement applications of clearing coupan of India Ltd. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. For which of the following businesses Factoring services are most commonly used? A) Haulage Business. B) Healthcare Industry. C) Real Estate. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 12. Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance-Retail Banking Awards 2014? A) SBI. B) ICICI Bank. C) Bharathiya Mahila Bank. D) Standard Bank. Show Answer Correct Answer: C) Bharathiya Mahila Bank. 13. The base year method of calculating real GDP compared A) Quantities produced in different years using prices from a year chosen as a reference period. B) Quantities produced in different years with the prices that prevailed during the year in which the output was produced. C) The quantities of goods produced in consecutive years using prices in both years and averaging the percentage changes in the value of output. D) Prices at different points in time using a sample of goods that is representative of goods purchased by households. Show Answer Correct Answer: A) Quantities produced in different years using prices from a year chosen as a reference period. 14. Who amongst the following cannot open an account in any bank in India? A) One who is not earning regularly. B) A housewife. C) A student of 10th Standard. D) A farmer who owns a small piece of land. Show Answer Correct Answer: C) A student of 10th Standard. 15. Which of the following is not true about NPA in banks? A) It is usually a loan that is not producing income. B) It is created If a borrower misses paying his equated monthly instalment (EMI) for 90 days. C) High NPA are a sign of good financial health. D) Asset Reconstruction Companies (ARC's)buy bank NPA at a discount along with the right to recover the money. Show Answer Correct Answer: C) High NPA are a sign of good financial health. 16. Computer Emergency Response Team India comes under..... A) Ministry of Communications and Information Technology. B) Ministry of Commerce. C) RBI. D) Department of Information & Technology. Show Answer Correct Answer: A) Ministry of Communications and Information Technology. 17. The maximum no. of transactions by a customer by using ATM of other Bank is..... A) 8 per month. B) 5 per month. C) 2 per month. D) 3 per month. Show Answer Correct Answer: D) 3 per month. 18. Who acts as the lender of last resort to all Public Sector Banks in India? A) Finance Ministry. B) RBI. C) State Bank of India. D) IMF. Show Answer Correct Answer: B) RBI. 19. Which of these is a Priority Sector for Lending as specified by the RBI? A) Agriculture. B) Education. C) Housing. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. The Know Your Customer (KYC) norms of opening a bank account has been relaxed for the accounts with minimum balance of A) Rs.1, 00, 000/. B) Rs.25, 000/. C) Rs.50, 000/. D) Rs.75, 000/-. Show Answer Correct Answer: C) Rs.50, 000/. ← 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