This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 47 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 47 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Initial repayment holiday given to a borrower for repayment of loan is called is A) Subvention. B) Moratorium. C) Re-schedulement. D) Amortisation. Show Answer Correct Answer: B) Moratorium. 2. What is the total number of stock exchanges in India? A) 21. B) 22. C) 23. D) 24. Show Answer Correct Answer: C) 23. 3. Which of the following agencies/organisations has recently decided that all the stock exchanges should introduce physical settlement of equity derivatives? A) Reserve Bank of India. B) Bombay Stock Exchange. C) Registrar of Companies. D) Securities and Exchange Board of India. Show Answer Correct Answer: D) Securities and Exchange Board of India. 4. Which is the largest cooperative bank of India presently? A) Saraswat Bank. B) NKGSB Cooperative Bank. C) Apna Sahakari Bank Ltd. D) None of the above. Show Answer Correct Answer: A) Saraswat Bank. 5. Which bank became the State Bank of India in 1955? A) General Bank of India. B) Bank of Hindustan. C) Imperial Bank of India. D) Federal Bank of India. Show Answer Correct Answer: C) Imperial Bank of India. 6. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV? A) Net Annual Value. B) Non Asset Value. C) Net Actual Value. D) Net Asset Value. Show Answer Correct Answer: D) Net Asset Value. 7. What is the other name by which Banking correspondents are known as? A) Bank Saathi. B) Bank Humraahi. C) Bank Daata. D) Bank Dost. Show Answer Correct Answer: A) Bank Saathi. 8. What is an Indian Depository Receipt? A) A deposit account with a Public Sector Bank. B) A depository account with any of depositories. C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. D) An instrument in the form of deposit receipt issued by Indian depositories. Show Answer Correct Answer: C) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. 9. The recent decisionZ of the RBI to cut Cash Resereve Ratio (CRR) by 150 basis points (October 2008) will be able to infuse how much liquidity into the market? A) Rs. 10, 000 crores. B) Rs. 30, 000 crores. C) Rs. 40, 000 crores. D) Rs. 50, 000 crores. Show Answer Correct Answer: C) Rs. 40, 000 crores. 10. What is Cross Border Exchange? A) Trading of foreign currency in India. B) Trading of Indian rupee in exchange of other currencies/goods. C) Hawala transactions in Indian rupee. D) Unauthorized remittance of Indian rupee. Show Answer Correct Answer: B) Trading of Indian rupee in exchange of other currencies/goods. 11. Banking Sector will fall under which of the following sectors? A) Agriculture Sector. B) Service Sector. C) Manufacturing. D) Industrial Sector. Show Answer Correct Answer: B) Service Sector. 12. Which of the following banks have entered capital market in the wake of Narasimham Committee recommendations? A) State Bank of India. B) Oriental Bank of Commerce. C) Bank of India. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. The Rajiv Gandhi Action plan, put forwarded in 1988 is related to which among the following? A) Environmental Protection. B) Nuclear Disarmament. C) Information Technology. D) Multilateral Trade. Show Answer Correct Answer: B) Nuclear Disarmament. 14. With a view to increase their resource base, RRBs have been permitted to A) Issue of credit/debit cards and settingup of ATMs. B) Open currency chests. C) Handle pension and other government business as sub-agents of those banks which are authorised to conduct government business. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 15. When was the currency function moved from Controller of Currency to RBI? A) 1935. B) 1947. C) 1950. D) 1928. Show Answer Correct Answer: A) 1935. 16. In which year Reserve Bank of India introduced cheque truncation system? A) 2008. B) 2009. C) 2010. D) 2011. Show Answer Correct Answer: A) 2008. 17. Which of these committees was formed in 1915 to review the performance of cooperative societies and suggest measures for strengthening them? A) Raja Hari Committee. B) Maclagan Committee. C) Saraiya Committee. D) Frederick Nicholson Committee. Show Answer Correct Answer: B) Maclagan Committee. 18. CIC's Adjusted Net Worth shall not be less than how much per cent of its aggregate risk weighted assets on balance sheet? A) 30%. B) 40%. C) 50%. D) 70%. Show Answer Correct Answer: A) 30%. 19. All merchant banks must be worth atleast A) Rs. 1 crore. B) Rs. 2 crore. C) Rs. 3 crore. D) Rs. 4 crore. Show Answer Correct Answer: A) Rs. 1 crore. 20. In which of the following fora has it been decided that all countries will try to reduce emission to prevent further increase in global temperature? A) Major Economics Forum. B) World Trade Organisation. C) SAARC Summit. D) BRICS Summit. Show Answer Correct Answer: D) BRICS Summit. ← 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