This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the maximum limit per transaction in NEFT? A) Rs 1, 00, 000. B) Rs 50, 000. C) Rs 1, 50, 000. D) No Such Limit. Show Answer Correct Answer: B) Rs 50, 000. 2. What do we call the rate at which the Reserve Bank of India lends money to commercial banks? A) Repo rate. B) Reverse repo rate. C) CRR. D) SLR. Show Answer Correct Answer: A) Repo rate. 3. Which state Coastal Local Area Bank Ltd belongs to? A) Gujarat. B) Andhra Pradesh. C) Karnataka. D) Tamil Nadu. Show Answer Correct Answer: B) Andhra Pradesh. 4. Core investment company is a type of which of the following? A) IT company. B) Insurance company. C) Bank. D) NBFC. Show Answer Correct Answer: D) NBFC. 5. The stance of RBI monetary policy is [BOB 2008] A) Inflation control with adequate liquidity for growth. B) Improving credit quality of the Banks. C) Strengthening credit delivery mechanism. D) Any of the above. Show Answer Correct Answer: D) Any of the above. 6. A major Public Sector Bank raised interest rates on loans by 25 basis points. This means the bank has raised interest by 25 basis points of A) Savings Bank Interest Rate. B) Base Lending Rate. C) Present Rates on Deposits. D) Discounted Rates of Interest. Show Answer Correct Answer: B) Base Lending Rate. 7. Identify the well known person related to Banking field in India from the following? A) Mrs. Meira Kumar. B) Mrs. Kiran Shaw. C) Mr. Arun Jaitley. D) Dr. D Subbarao. Show Answer Correct Answer: D) Dr. D Subbarao. 8. Venture capital was originated in which of the following countries? A) India. B) Britain. C) France. D) USA. Show Answer Correct Answer: D) USA. 9. Which of the following is best described as selling a synthetic asset and simultaneously buying the actual asset? A) Arbitrage. B) Diversifying. C) Speculating. D) Hedging. Show Answer Correct Answer: A) Arbitrage. 10. Treasury bills are sold in India by A) SEBI. B) State Government. C) RBI. D) Commercial Banks. Show Answer Correct Answer: C) RBI. 11. Which of the following functions are not being performed by the Reserve Bank of India? A) Regulation of banks in India. B) Regulation of foreign direct investment in India. C) Foreign currency management in India. D) Control and supervision of money supply. Show Answer Correct Answer: B) Regulation of foreign direct investment in India. 12. India's capital market regulator SEBI cleared final guidelines for creation and listing of business trusts for key sectors of real estate and infrastructure on 10 August 2014. These guidelines have been cleared to help attract greater foreign and domestic investments into these sectors. What are the names of business trusts associated with real estate and infrastructure which would be created and listed with these SEBI guidelines? A) Real Investment Trusts (RITs) and Infrastructure Investment Trusts (InvITs). B) Real Estate Trusts (RETs) and Infrastructure Investment Trusts (InvITs). C) Real Estate Investment (REI) and Infrastructure Trusts (InvTs). D) Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Show Answer Correct Answer: D) Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). 13. Reverse repo means A) Injecting liquidity by the Central Bank of a country through purchase of government securities. B) Absorption of liquidity from the market by sale of government securities. C) Balancing liquidity with a view to enhance economic growth rate. D) Improving the position of availability of the securities in the market. Show Answer Correct Answer: B) Absorption of liquidity from the market by sale of government securities. 14. Which of the following states became the first state in the country to launch RBI's e-payment system for commercial tax payers? A) Andhra Pradesh. B) Karnataka. C) Kerala. D) Maharashtra. Show Answer Correct Answer: B) Karnataka. 15. Which of the following parties are involved in the Promissory notes? A) The Maker. B) The Payee. C) Endorsee. D) Both 1 and 2. Show Answer Correct Answer: D) Both 1 and 2. 16. The need for Venture Capital Financing was highlighted by which of the following committee in India? A) Bhatt Committee. B) Gadgil Committee. C) Urjit Patel Committee. D) None of the Above. Show Answer Correct Answer: A) Bhatt Committee. 17. ATMs cards are issued to a person who maintains which of the following accounts with the bank? A) Saving bank accounts. B) Current accounts. C) Term deposits. D) Either A or B. Show Answer Correct Answer: D) Either A or B. 18. What type of loan is a Housing loan? A) Unsecured Loan. B) Secured Loan. C) Corporate Loan. D) Consumer Loan. Show Answer Correct Answer: B) Secured Loan. 19. One of the Primary functions of IMF is to provide short term capital assistance to member countries through SDR (Special Drawing Rights). What is NOT true about SDR? A) Currency code of SDR is XDR. B) SDR is the Unit of Account of IMF. C) Asian Development Bank (ADB) also uses SDR as its Currency. D) None of the above. Show Answer Correct Answer: D) None of the above. 20. Narsimham Committee recommended to reduce SLR and CLR to A) 25% and 3.5% respectively. B) 24% and 3.5% respectively. C) 25% and 3% respectively. D) 20% and 5% respectively. Show Answer Correct Answer: A) 25% and 3.5% respectively. ← PreviousNext →Related QuizzesBanking QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9Banking Affairs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books