This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 52 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 52 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In Union Budget 2014-15, in Defence sector FDI cap raised to from 26% at present? A) 51%. B) 74%. C) 100%. D) 0.49. Show Answer Correct Answer: D) 0.49. 2. A banking system in which a big bank has a number of branches in different parts of the country is known as..... A) Unit Banking. B) Branch Banking. C) Mixed Banking. D) Chain Banking. Show Answer Correct Answer: B) Branch Banking. 3. Open unemployment refers to people A) Who are not willing to work. B) Who are willing but do not get work. C) Who leave their jobs in search of better jobs. D) Who have been dismissed because of corrupt practices. Show Answer Correct Answer: B) Who are willing but do not get work. 4. How many food parks do the government aims to set up across the country in 12 plan? A) 50. B) 30. C) 20. D) 40. Show Answer Correct Answer: A) 50. 5. When was the RBI Act enacted? A) 1st April 1935. B) 28th November 1934. C) 6th March 1934. D) 31st March 1935. Show Answer Correct Answer: C) 6th March 1934. 6. Which of the following credit facilities comes under Infrastructure Laon? A) Transport. B) Energy. C) Water and Sanitation. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. What is the deposit limit on saving accounts in the Payment banks? A) Rs 1 lakh. B) Rs 50000. C) Rs 5 lakhs. D) Rs 10 lakhs. Show Answer Correct Answer: A) Rs 1 lakh. 8. Companies whose main business is not financing or lending are permitted to accept deposits under section 45(s) of RBI Act only from: A) Public. B) Relatives in the from of loans. C) Friends. D) None of these. Show Answer Correct Answer: A) Public. 9. As we all know, Government of India pays special emphasis on the management of Fiscal Deficit. What is Fiscal Deficit? A) The gap between projected of estimated GDP and actual GDP. B) The gap between the total number and value of the currency notes issued by the RBI uptill now over the number and value of those which are in actual circulation. C) The gap between the actual borrowings of the Government of India and the expected expenditure for which provision is made in the budget. D) Excess of government's disbursement comprising current and capital expenditures over its current receipts (tax/non-tax receipts). Show Answer Correct Answer: D) Excess of government's disbursement comprising current and capital expenditures over its current receipts (tax/non-tax receipts). 10. Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to how much amount? A) USD 25, 000. B) USD 20, 000. C) USD 15, 000. D) USD 10, 000. Show Answer Correct Answer: A) USD 25, 000. 11. Which of the following is the component of India's Foreign Exchange Reserve? A) Special drawing rights. B) Reserve tranche position of India in IMF. C) Indian currency held by foreign countries. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 12. What is the maximum denomination for which coins can be produced in India? (IBPS 2011) A) Rs. 1000. B) Rs. 10. C) Rs. 100. D) Rs. 50. Show Answer Correct Answer: A) Rs. 1000. 13. Banks borrow money from the RBI on which of the following rates? A) Reverse Repo Rate. B) Repo Rate. C) SLR. D) CRR. Show Answer Correct Answer: B) Repo Rate. 14. Mutual funds are regulated by [Corporation Bank 2011] A) Association of Mutual Funds of India (AMFI). B) Securities and Exchange Board of India (SEBI). C) Reserve Bank of India. D) IRDA. Show Answer Correct Answer: B) Securities and Exchange Board of India (SEBI). 15. Annual PPF ceiling to be enhanced to.....from Rs 1 lakh A) RS. 1.5 lakh. B) RS. 2 lakh. C) RS. 3 lakh. D) RS. 3.5 lakh. Show Answer Correct Answer: A) RS. 1.5 lakh. 16. What was the name of State Bank of India (SBI) before it was created by SBI Act? A) Imperial Bank of Hindustan. B) Imperial Bank of Bengal. C) Imperial Bank of Madras. D) Imperial Bank of India. Show Answer Correct Answer: D) Imperial Bank of India. 17. Which Bank was beaten India's largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country recently. A) ICICI Bank. B) Axis Bank. C) Kotak Mahindra Bank. D) HDFC Bank. Show Answer Correct Answer: C) Kotak Mahindra Bank. 18. Govt of India has launched special Green Revolution project for which of the following states/group of states? A) North-East states. B) Bihar and Jharkhand. C) West Bengal. D) Tamil Nadu and Kerala. Show Answer Correct Answer: A) North-East states. 19. Who among the following has been appointed new chairman of NABARD? A) Harsh Kumar Bhanwala. B) Chandra Shekar. C) Hemanth Banswal. D) Amith Mishra. Show Answer Correct Answer: A) Harsh Kumar Bhanwala. 20. How much credit small finance banks has to give to priority sectors? A) 50%. B) 75%. C) 40%. D) 80%. Show Answer Correct Answer: B) 75%. ← 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