This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 56 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 56 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Venture Loans are.....? A) Startup Loans. B) Long-term Loans. C) Loan for day to day activities. D) Small period Loans. Show Answer Correct Answer: A) Startup Loans. 2. The term 'Smart Money" refers to . A) Foreign Currency. B) Internet Banking. C) US Dollars. D) Credit Cards. Show Answer Correct Answer: D) Credit Cards. 3. What is the full form of the term LIBOR as used in financial/banking sector? A) Local Indian Bank Offered Rate. B) London-India Bureau of Regulations. C) Liberal International Bank Official Ratio. D) London Inter Bank Offered Rate. Show Answer Correct Answer: D) London Inter Bank Offered Rate. 4. According to International Monetary Fund, the countries with Foreign exchange controls are known by which of the following names? A) Article 14 countries. B) Article 17 countries. C) Article 16 countries. D) Article 18 countries. Show Answer Correct Answer: A) Article 14 countries. 5. As per the Negotiable Instruments Act 1882, the term negotiable relates to which of the following? A) Money. B) Transferable. C) Can be passed. D) Bargain. Show Answer Correct Answer: B) Transferable. 6. Each of the RRBs covers districts ranging from A) 1 to 15. B) 2 to 25. C) 3 to 25. D) 2 to 15. Show Answer Correct Answer: B) 2 to 25. 7. Which of the following clearly defines venture capital? A) It is a fund provided to industries at times of incurring losses. B) It is a long-term start-up capital provided to new entrepreneurs. C) It is a fund provided for renovation of industries. D) It is a short-term capital. Show Answer Correct Answer: B) It is a long-term start-up capital provided to new entrepreneurs. 8. What is an Demat account? A) Zero Balance Accounts. B) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business. C) Accounts in which shares of various companies are traded in electronic form. D) Accounts which are operated through internet banking facility. Show Answer Correct Answer: C) Accounts in which shares of various companies are traded in electronic form. 9. Which of the following doesn't relates with banking or finance? A) Devaluation. B) Hundis. C) Flare. D) Gearing. Show Answer Correct Answer: C) Flare. 10. Special Drawing Rights are the rights of countries provided by A) World Bank. B) IMF. C) ADB. D) Federal Reserve. Show Answer Correct Answer: B) IMF. 11. Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if? A) Any of the borrowal account of the enterprise remains NPA for ten months or more. B) Any of the borrowal account of the enterprise remains NPA for eight months or more. C) Any of the borrowal account of the enterprise remains NPA for five months or more. D) Any of the borrowal account of the enterprise remains NPA for three months or more. Show Answer Correct Answer: D) Any of the borrowal account of the enterprise remains NPA for three months or more. 12. Insurance cover for bank deposits in our country is provided by: A) SBI. B) GIC. C) LICI. D) DICGC. Show Answer Correct Answer: D) DICGC. 13. What is the full form of LAF, as used in banking world very frequently? A) Liquid Advances Finance. B) Liquidity Adjustment Facility. C) Legal Adjournment Formality. D) Local Advance Finance. Show Answer Correct Answer: B) Liquidity Adjustment Facility. 14. The RBI is not expected to perform the function of A) The banker to the government. B) Accepting deposit from commercial banks. C) Accepting deposit from commercial public. D) Issue of currency. Show Answer Correct Answer: C) Accepting deposit from commercial public. 15. RBI did not issue any currency notes during work period of which RBI Governor? A) Sir C D Deshmukh. B) Sir Benegal Rama Rau. C) K G Ambegaonkar. D) H V R Iengar. Show Answer Correct Answer: C) K G Ambegaonkar. 16. Which of the following exactly define the meaning of Mezzanine Financing? A) It is a hybrid of debt and equity financing. B) It is the highest-risk form of debt, but it offers some of the highest returns. C) It allows companies with less collateral to secure funding for growth. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 17. Which of the following is the target fixed for maintaining fiscal deficit in the Union Budget of India? A) 4.6% of total budget. B) 4.6% of GDP. C) 3.6% of total budget. D) 3.6% of GDP. Show Answer Correct Answer: B) 4.6% of GDP. 18. Money laundering is related..... A) To reduce the number of families which lives below poverty line. B) To reduce the NPA of Banks. C) To reduce the Black Money. D) To reduce the unemployment rate. Show Answer Correct Answer: C) To reduce the Black Money. 19. The Methods of credit control used by the RBI can be divided into..... A) Long-term and short term. B) Rural and Urban. C) Qualitative and Quantitative. D) Monetary and Fiscal. Show Answer Correct Answer: C) Qualitative and Quantitative. 20. Where is Central Accounts Section of Reserve Bank of India located? A) Nagpur. B) Pune. C) Mumbai. D) Aurangabad. Show Answer Correct Answer: A) Nagpur. ← 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