This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 55 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 55 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the followings best define an open-funded mutual fund? A) It has an option to invest in any kind of security. B) It has units available for sale and repurchase at all times. C) It does not have a NAV. D) It has fixed fund size. Show Answer Correct Answer: B) It has units available for sale and repurchase at all times. 2. As per notification issued by RBI, circulation of which of the following coins shall be ceased wef 29th June, 2011? A) 50 paise. B) 25 paise. C) Both A and B above. D) None of these. Show Answer Correct Answer: C) Both A and B above. 3. When the government imposes physical and monetary controls to check open inflation, It is known as..... A) Mark-up Inflation. B) Demand pull Inflation. C) Creeping Inflation. D) Suppressed Inflation. Show Answer Correct Answer: D) Suppressed Inflation. 4. For how many days in a year a person should reside in India before applying for the enrolment of Aadhar Card? A) 182 days. B) 179 days. C) 132 days. D) 366 days. Show Answer Correct Answer: A) 182 days. 5. How much shares the government hold in the Public sector banks? A) Minimum 75%. B) More than 50%. C) More than 33%. D) More than 49%. Show Answer Correct Answer: B) More than 50%. 6. The number of directors on the Boards of RRBs has been raised to A) 14. B) 15. C) 16. D) 17. Show Answer Correct Answer: D) 17. 7. The concept of'Micro Credit' essentially concentrates on A) Consumption smoothening as and when needed. B) Providing safe place to hold savings. C) Accepting deposits. D) Provision of credit to the poor. Show Answer Correct Answer: D) Provision of credit to the poor. 8. As per RBI guidelines, Ultra Small Branches may be set up between the base branch and BC locations at how much distance? A) 3-4 Kms. B) 20-25 Kms. C) 30-35 Kms. D) 18-20 Kms. Show Answer Correct Answer: A) 3-4 Kms. 9. By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act, 1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by A) Central Government. B) State Government. C) Sponsor bank in consultation with NABARD. D) Reserve of Bank of India. Show Answer Correct Answer: C) Sponsor bank in consultation with NABARD. 10. The rate of interest on Savings Bank Account is stipulated by [Corporation Bank 2011] A) The concerned bank. B) RBI. C) Indian Banks Association. D) Government of India. Show Answer Correct Answer: B) RBI. 11. The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is? A) Rs. 5, 000; Rs. 1, 00, 000. B) Rs. 10, 000; Rs. 1, 00, 000. C) Rs. 12, 000; Rs. 1, 50, 000. D) All of the above. Show Answer Correct Answer: C) Rs. 12, 000; Rs. 1, 50, 000. 12. Which of the following committees recommended the development of Leasing Financing in India? A) Kothari committee. B) Dahotre Committee. C) Rangarajan Committee. D) Purshotam Committee. Show Answer Correct Answer: B) Dahotre Committee. 13. Who among the followinf initiated Capital Market Line? A) William Sharpe. B) Markowitz. C) Linter. D) Mohsin. Show Answer Correct Answer: A) William Sharpe. 14. Any NBFC is is considered systemically important NBFC when its asset size is of how much amount or more? A) Rs 100 Crore. B) Rs 500 Crore. C) Rs 250 Crore. D) Rs 750 Crore. Show Answer Correct Answer: B) Rs 500 Crore. 15. The Regulatory Authority for Regional Rural Banks is A) Sponsor Bank. B) Central Government. C) State Government. D) RBI and NABARD. Show Answer Correct Answer: D) RBI and NABARD. 16. Which of the following is the purchase of bonds and shares of Indian companies by Foreign Institutional investors? A) FDI. B) NRI investment. C) Portfolio investment. D) Foreign indirect investment. Show Answer Correct Answer: A) FDI. 17. An indicator currently used by United nations development programme (UNDP) for measure ment of the quality of people's life is known as A) Human development Index. B) Average expectancy of life. C) Per capita income. D) Standard of living index. Show Answer Correct Answer: A) Human development Index. 18. Lock period in Term deposit means? A) Locker must be opened by the customer in the branch. B) The Pre-maturity is not possible. C) Another account cannot be opened by customer. D) Nominee name need not be written. Show Answer Correct Answer: B) The Pre-maturity is not possible. 19. As we read every now and then, the Monetary and Credit Policy is reviewed and changes/corrections are made frequently.Who amongst the following exactly takes this decision in India? A) Deputy Chairman, Planning Commission. B) Prime Minister. C) Finance Minster. D) None of these. Show Answer Correct Answer: D) None of these. 20. To which of the following personalities is the BHIM app dedicated? A) Mahatma Gandhi. B) Dr. B.R Ambedkar. C) Subhash Chandra Bose. D) Jawahar Lal Nehru. Show Answer Correct Answer: B) Dr. B.R Ambedkar. ← 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