This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 48 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is the biggest private sector bank in India? A) ICICI Bank. B) Axis Bank. C) HDFC Bank. D) None of the above. Show Answer Correct Answer: C) HDFC Bank. 2. In India, which of the following agencies is responsible for announcing the Foreign Trade Policy? A) RBI. B) EXIM Bank. C) Foreign Ministry. D) Industry and Commerce Ministry. Show Answer Correct Answer: D) Industry and Commerce Ministry. 3. The practice of reducing NPAs through cross-lending to square off loans from bank is known as? A) "Ever-Greening" of advances. B) "Take Over" of advances. C) Compromise Settlement. D) All of the above. Show Answer Correct Answer: A) "Ever-Greening" of advances. 4. Who was the chairman of the Household Finance committee set up by RBI? A) Pradeep Kumar. B) Usha Thorat. C) Bimal Jain. D) Tarun Ramadorai. Show Answer Correct Answer: D) Tarun Ramadorai. 5. Which of the following is the full form of KCC as used in the agriculture sector? [Andhra Bank 2011] A) Kisan Credit Card. B) Kisan Credit Company. C) Knowledge Credit Corporation. D) Konkan Credit Corporation. Show Answer Correct Answer: A) Kisan Credit Card. 6. What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of Public Sector Banks in India? A) 20%. B) 26%. C) 49%. D) 51%. Show Answer Correct Answer: A) 20%. 7. Which one of the following committees was set up by RBI to study the various issues relating to financial benchmarks? A) Umesh Chandra. B) Vijaya Bhaskar. C) Urjit Patel. D) Subbu Rao. Show Answer Correct Answer: B) Vijaya Bhaskar. 8. Currency Swap is an instrument to manage 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. 9. The main resources of RRBs are A) Share capital. B) Deposit from the public. C) Borrowing from sponsor banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. Global Financial Development Report provides an update on the state of public and private credit reporting. The report is published by which of the following institutions? A) Niti Aayog. B) World Bank. C) IMF. D) WHO. Show Answer Correct Answer: B) World Bank. 11. Which of the following is not true about RTGS transaction? A) The minimum amount to be remitted through RTGS is Rs. 2 lakh. B) There is no ceiling for RTGS transactions. C) Transactions are settled in batches. D) Inward transactions are free. Show Answer Correct Answer: C) Transactions are settled in batches. 12. Which of the following is generally referred to as a 'Broader' measures of money supply? A) $M_1$. B) $M_2$. C) $M_3$. D) $M_4$. Show Answer Correct Answer: C) $M_3$. 13. What can be the maximum denomination of notes as per the Section 24 of the RBI Act? A) Rs. 10, 000. B) Rs. 50, 000. C) Rs. 1, 00, 000. D) No such limit exists. Show Answer Correct Answer: A) Rs. 10, 000. 14. Which of the following bank has launched RS.mVisa'-a mobile-based payments solution? A) SBI. B) ICICI Bank. C) HSBC Bank. D) Canara Bank. Show Answer Correct Answer: A) SBI. 15. In which pension plans, the specific percentage of an employee pay is contributed by an employer to employees pension plans? A) Cash balance plans. B) Severance pay plans. C) Early retirement window plans. D) Employee stock ownership plans. Show Answer Correct Answer: A) Cash balance plans. 16. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as A) Portfolio management. B) Credit creation. C) Amortized management. D) Zero account. Show Answer Correct Answer: A) Portfolio management. 17. During inflation, A) Exports becomes more expensive. B) Exports becomes more cheap. C) Imports becomes more expensive. D) Surplus balance of payment. Show Answer Correct Answer: A) Exports becomes more expensive. 18. A money deposited in a bank that cannot be withdrawn for a present fixed period of time is known as a A) Term deposit. B) Checking account. C) Savings bank deposit. D) No frills account. Show Answer Correct Answer: A) Term deposit. 19. What is the full form of 'CRR' as used in banking sector? A) Crucial Reserve Rate. B) Cash Reserve Ratio. C) Compulsory Return Rate. D) Credit and Reserve Ratio. Show Answer Correct Answer: B) Cash Reserve Ratio. 20. Many Regional Rural Banks are given licence to open branches in small cities and towns. These licences are given by A) Cabinet Committee on economic affairs. B) Reserve Bank of India. C) NABARD. D) Indian Banks' Association. Show Answer Correct Answer: B) Reserve Bank of India. ← 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