This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 57 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. UnionPay debit card is concerned with which among the following country? A) China. B) Nepal. C) Pakistan. D) None of The Above. Show Answer Correct Answer: A) China. 2. Which committee first time in India supported the concept of Insuring Deposits? A) Rural Banking Deposit Committee. B) Urban Banking Enquiry Committee. C) Rural Banking Enquiry Committee. D) SBI Rural Banking Enquiry Committee. Show Answer Correct Answer: C) Rural Banking Enquiry Committee. 3. Which pair is not correct? A) EXIM Bank-Financing for export-import. B) RBI-Banker's bank. C) IDBI-Industrial Finance. D) FCI-Financial assistance to commercial institutions. Show Answer Correct Answer: D) FCI-Financial assistance to commercial institutions. 4. Forex is generally maintained by which of the following? A) Commercial bank of that country. B) Central Bank of that country. C) Central government of that country. D) None of the above. Show Answer Correct Answer: B) Central Bank of that country. 5. What is the current deposit limit of Payment banks? A) Rs 2 lakhs. B) Rs 1 lakh. C) Rs 50000. D) Rs 5 lakhs. Show Answer Correct Answer: B) Rs 1 lakh. 6. CRISIL..... A) Evaluates the credit documents of a company. B) Provides financial assistance to industries. C) Provides finance for rural areas. D) Promotes exports. Show Answer Correct Answer: A) Evaluates the credit documents of a company. 7. Which of the following statements related to Micro Finance System is wrong? A) It provides micro credit having scope for small savings and remittance of funds. B) It based on the principle of livelihood creation. C) High volumes of low transactions done through this system. D) None is wrong. Show Answer Correct Answer: D) None is wrong. 8. Which of these is an International Financial Institution? A) World Bank. B) European Investment Bank. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 9. The revival of the Kisan Vikas Patra (KVP) was announced in the Union Budget 2014-15 on 10 July 201 4. The KVP was discontinued from November 2011 on the recommendation of which committee's recommendations? A) Shyamlal Kunde Committee. B) Shyama Prasad Committee. C) Shyamala Gopinath Committee. D) Gopinath Ghokle Committe. Show Answer Correct Answer: C) Shyamala Gopinath Committee. 10. Financial services offered financing risk project to provide which of the following? A) Seed capital. B) Venture capital. C) Primary fund. D) Secondary fund. Show Answer Correct Answer: B) Venture capital. 11. What is cross-border exchange? A) Trading of foreign currency in India. B) Hawala transactions. C) Unauthorised remittance of the Indian rupee. D) The trading of the Indian rupee in exchange for other currencies/goods. Show Answer Correct Answer: D) The trading of the Indian rupee in exchange for other currencies/goods. 12. Which of the following are the Institutional Underwriters in India? A) IDBI. B) IFCI. C) UTI. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 13. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed? A) Ponzi schemes. B) Micro Finance System. C) Money Laundering Schemes. D) Money tampering finance. Show Answer Correct Answer: B) Micro Finance System. 14. The system of Note Issue followed by Reserve Bank of India is..... A) Proportional Reserve System. B) Minimum Reserve System. C) Minimum Fiduciary System. D) Maximum Fiduciary System. Show Answer Correct Answer: B) Minimum Reserve System. 15. Deflation refers to A) General decline in price of various commodities and services. B) Price decline in specific sectors. C) Price decline in specific commodities. D) Sharp and sudden decline in foreign exchange reserves. Show Answer Correct Answer: A) General decline in price of various commodities and services. 16. Aadhaar-Linked Birth Registration (ALBR) scheme has been launched in which of the following states? A) Haryana. B) Chandigarh. C) Himachal Pradesh. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which of the following is a correct statement? A) Normally no interest is paid on current deposit accounts. B) Interest is paid on current accounts at the same rate as term deposit accounts. C) The rate of interest on current account and savings account are the same. D) No interest is paid on any deposit by the bank. Show Answer Correct Answer: A) Normally no interest is paid on current deposit accounts. 18. "Open Market Operation" are controlled by..... A) World Bank. B) IMF. C) RBI. D) Finance Ministry. Show Answer Correct Answer: C) RBI. 19. The RBI has asked banks to spell out their policy, procedures and size of the business on which of the following aspects of banking? A) On-shore banking. B) Off-shore banking. C) Investments in secondary market. D) Wealth management. Show Answer Correct Answer: D) Wealth management. 20. Who among the following are the beneficiaries of the RS.Reverse Mortgage Scheme'.? A) Government Employees. B) Senior Citizens. C) Unemployed Persons. D) Persons of BPL Category. Show Answer Correct Answer: B) Senior Citizens. ← 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