This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 50 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 50 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not an activity of merchant banking in India? A) The management of the customers securities. B) The management of the portfolio. C) The management of projects and counselling as well as appraisal. D) None of the above. Show Answer Correct Answer: D) None of the above. 2. Many times we read a term CBS used is banking operations. What is the full form of the letter C in the term 'CBS'? [Indian Overseas Bank 2011] A) Complete. B) Credit. C) Continuous. D) Core. Show Answer Correct Answer: D) Core. 3. What does the DICGC insure? A) Any amount due on account of any deposit received outside India. B) Deposits of Central/State Governments. C) Deposits of foreign Governments. D) None of these. Show Answer Correct Answer: D) None of these. 4. The Export-Import Bank of India was set up in..... A) April 1982. B) January 1982. C) April 1970. D) July 1969. Show Answer Correct Answer: B) January 1982. 5. The Reserve Bank of India on 1 April 2014 adopted the Consumer Price Index (CPI) as the key measure of Inflation. It was adopted in the first bi-monthly monetary policy statement for 2014-1 5. It was adopted on the basis of recommendations of which Committee report? A) Urjit R Patel Committee. B) A Ghosh Committee. C) C Rao Committee. D) Bhagwati Committee. Show Answer Correct Answer: A) Urjit R Patel Committee. 6. Political constancy is chief aspect concerning which of the following risks? A) Exchange risk. B) Systematic risk. C) Non-systematic risk. D) Country risk. Show Answer Correct Answer: D) Country risk. 7. Who is the issuing authority of coins in India? A) Reserve Bank of India. B) Government of India. C) Ministry of Finance. D) Both 1 and 2. Show Answer Correct Answer: B) Government of India. 8. Which of the following statement is true about Bank? A) Banks can accept only time deposit from public. B) Banks can accept only demand deposit from public. C) Banks can accept both demand and time deposit from Public. D) Banks can accept demand and time deposit from Government only. Show Answer Correct Answer: A) Banks can accept only time deposit from public. 9. All the offences under the FEMA are considered as which of the following type? A) Civil Offence. B) Criminal Offence. C) Both Civil and Criminal Offence. D) None of the above. Show Answer Correct Answer: A) Civil Offence. 10. Who is the appointing authority for the banking ombudsman? A) RBI. B) Finance Ministry. C) PMO. D) Team of PM, Finance Minister and RBI Governor. Show Answer Correct Answer: A) RBI. 11. The Govt. of India replaced the FERA by..... A) FEMA. B) FRBMA. C) Monopolies Act. D) FRTP. Show Answer Correct Answer: A) FEMA. 12. In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under.....Act A) Section 22 of banking Regulation Act. B) Section 22 of RBI Act. C) Section 22 of NABARD. D) KYC Guidelines by RBI. Show Answer Correct Answer: A) Section 22 of banking Regulation Act. 13. What do we call the money that is lent for more than one day but less than 15 days in the call money market? A) Call Money. B) Term Money. C) Notice Money. D) None of the above. Show Answer Correct Answer: C) Notice Money. 14. How much maximum amount that is insured by "deposit insurance" credit corporation (DICGC) A) Rs. 50000. B) Rs. 100000. C) Rs. 10000. D) Rs. 500000. Show Answer Correct Answer: B) Rs. 100000. 15. What is the full form of 'ULIP', the term which was in the news recently? A) Universal Life & Investment Plan. B) Unit Loan & Insurance Plan. C) Universal Loan & Investment Plan. D) Unit Linked Insurance Plan. Show Answer Correct Answer: D) Unit Linked Insurance Plan. 16. An EEFC (Exchange Earner's Foreign Currency) account can be held only in the form of..... A) Saving Account. B) Current Accoun. C) Fixed Deposit Account. D) Nostro Account. Show Answer Correct Answer: B) Current Accoun. 17. Which of the following scheme is related to Financial Inclusion? A) AADHAR. B) AAY. C) Swabhiman. D) Swavalamban. Show Answer Correct Answer: C) Swabhiman. 18. Issue management is an important function of which of the following? A) Public banker. B) Lead banker. C) Merchant banker. D) Private banker. Show Answer Correct Answer: C) Merchant banker. 19. Global Economic Prospects (GEP) report revised down the economic growth forecast for developing world in 2014 from 5.3 percent to A) 4.5 percent. B) 4.8 percent. C) 5 percent. D) 4.4 percent. Show Answer Correct Answer: B) 4.8 percent. 20. Which of the following statements is correct about promissory note? A) It need not be in writing. B) An implied promise is enough to constitute a valid promissory note. C) The promise to pay must be definite and unconditional. D) The name of the payee need not be mentioned. Show Answer Correct Answer: C) The promise to pay must be definite and unconditional. ← 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