This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 49 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 49 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following statements about Regional Rural Banks (RRBs) are correct? A) Sponsor banks travellers cheques can be issued by RRBs. B) RRBs can enter into arrangements with the sponsor banks for providing remittance facilities to its customers. C) Where RRBs can afford the investment, they can install lockers also. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. Which of the following committee formed the basis for the introduction of factoring services in India? A) C.Rangarajan Committee. B) Urjit Patel Committee. C) C. S. Kalyan Sundaram Committee. D) None of the Above. Show Answer Correct Answer: C) C. S. Kalyan Sundaram Committee. 3. A Bank which controls credit is called..... A) Unit Bank. B) Central Bank. C) Commercial Bank. D) Correspondent Bank. Show Answer Correct Answer: B) Central Bank. 4. Which of the following statements about portfolio diversification is correct? A) Proper diversification can reduce or eliminate systematic risk. B) The risk-reducing benefits of diversification do not occur meaningfully until at least 50-60 individual. C) Because diversification reduces a portfolio's total risk, it necessarily reduces the portfolio's expected. D) Typically, as more securities are added to a portfolio, total risk would be expected to decrease at a. Show Answer Correct Answer: D) Typically, as more securities are added to a portfolio, total risk would be expected to decrease at a. 5. .....assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014. A) Gopal Singh. B) Veerabhadra Singh. C) Manoj Tiwari. D) Giriraj Singh. Show Answer Correct Answer: D) Giriraj Singh. 6. In which year Public Debt Act was passed? A) 1938. B) 1940. C) 1944. D) 1948. Show Answer Correct Answer: C) 1944. 7. What is the source of income for asset reconstruction companies? A) The commission paid by banks. B) The fees charged from loan defaulters. C) The difference in amounts recovered from the accounts less the amount paid to the bank for buying the account. D) The retainer fees by the banks. Show Answer Correct Answer: C) The difference in amounts recovered from the accounts less the amount paid to the bank for buying the account. 8. Which of the following is not a function of the RBI? [Corporation Bank 2011] A) Maintaining Forex. B) Deciding Bank Rate, CRR and SLR from time to time. C) Opening Savings Accounts for general public. D) Prescribing the Capital Adequacy Ratio. Show Answer Correct Answer: C) Opening Savings Accounts for general public. 9. General Insurance Corporation of India (GIC) was formed in..... A) 1972. B) 1973. C) 1974. D) 1975. Show Answer Correct Answer: A) 1972. 10. RBI has asked banks to make a plan to provide banking services to all villages having a population up to 200 0. This directive issued by the RBI will fall in which of the following categories? A) Plan for Financial Inclusion. B) Efforts to meet the targets of Priority Sector Lending. C) Extension of Relief Packages to the Farmers. D) Plan for opening more rural branches. Show Answer Correct Answer: A) Plan for Financial Inclusion. 11. What is financial inclusion? A) To provide banking services to all those living in remote areas. B) To provide a 100 days job to all those who are in need of a job. C) To provide a permanent employment to the unemployed. D) To ensure that all financial transactions amounting Rs. 5, 000/-and above are done through banks. Show Answer Correct Answer: A) To provide banking services to all those living in remote areas. 12. Which one out of the following is least liquid among the measures of money supply? A) $M_1$. B) $M_2$. C) $M_3$. D) $M_4$. Show Answer Correct Answer: D) $M_4$. 13. What is the MSME Public Procurement Portal called? A) MSME Samjhauta. B) MSME Sambandh. C) MSME Sandesh. D) MSME Sampark. Show Answer Correct Answer: B) MSME Sambandh. 14. Which among the following alternative exchange Rate Regime is most popular in the world today? A) Free Float. B) Managed Float. C) Crawling Peg. D) Fixed-but-Adjustable Exchange Rate. Show Answer Correct Answer: D) Fixed-but-Adjustable Exchange Rate. 15. The first introduction of Mutual Funds in India occurred in which of the following years? A) 1964. B) 1963. C) 1987. D) 1999. Show Answer Correct Answer: B) 1963. 16. What should be the CRAR of the Infrastructure Finance company? A) 15%. B) 20%. C) 25%. D) 40%. Show Answer Correct Answer: A) 15%. 17. When was the RBI Act amended to establish the Monetary Policy Committee? A) 2014. B) 2015. C) 2016. D) 2017. Show Answer Correct Answer: C) 2016. 18. Which of the following are included in the Forex of India? A) Foreign Currency Assets. B) SDRs. C) Reserve Position in the IMF. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Which is correct about PSL targets for Foreign banks in India? A) It is not applicable on foreign banks. B) It is applicable on foreign banks having 50 or more branches. C) It is applicable on foreign banks having 20 or more branches. D) It is applicable on all foreign banks. Show Answer Correct Answer: C) It is applicable on foreign banks having 20 or more branches. 20. Petroleum Ministry during August 2014 accorded its in-principle approval for stake-sale in ONGC which may fetch the government about RS. 18, 000 crore to meet disinvestment target for the current fiscal. For this how much stake-sale in the company is proposed? A) 1%. B) 2%. C) 4%. D) 5%. Show Answer Correct Answer: D) 5%. ← 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