This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 59 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 59 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which of the following years, the concept of Micro Finance launched? A) 1982. B) 1992. C) 2002. D) 1972. Show Answer Correct Answer: C) 2002. 2. Which of the following documents is mandatory for withdrawal/remittance of foreign exchange? A) PAN. B) Aadhar card. C) Passport. D) None of the above. Show Answer Correct Answer: A) PAN. 3. The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories? A) Held till maturity. B) Fixed securities. C) Fixed time securities. D) Permanent securities. Show Answer Correct Answer: A) Held till maturity. 4. Which of the following is the eligibility parameters for NBFCs as sponsors of IDF-MF? A) The NBFC should have a minimum Net Owned Funds (NOF) of Rs.300 crore. B) Its net NPAs should be less than 3% of net advances. C) It should have been in existence for at least 5 years. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. On the recommendation of which committee Rail Budget was seperated from General Budget in 1924? A) Acworth Committee. B) Hilton Young Committee. C) Patnayak Economy Committee. D) Brettenwood Committee. Show Answer Correct Answer: A) Acworth Committee. 6. Which of the following are the different options available to the entrepreneurs for funding the business? A) Venture Capital. B) Angel Financing. C) Invoice Factoring. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 7. What is the limit of the commission set for Underwriting in India? A) 5% on shares and 2.5% on debentures. B) 2.5% on shares and 5% on shares. C) 10% on shares and 5% on debentures. D) None of the Above. Show Answer Correct Answer: A) 5% on shares and 2.5% on debentures. 8. Shares of companies notified by SEBI can be traded only when these are in.....form A) Physical. B) Dematerialised. C) Either A and B. D) Centralised. Show Answer Correct Answer: B) Dematerialised. 9. The most prominent national level micro finance apex organisation providing micro credit services for women in India is A) National Credit Fund for women. B) Mahila Samridhi Kosh. C) Rural Women Self Help Group. D) All of these. Show Answer Correct Answer: A) National Credit Fund for women. 10. Commercial paper issued with low interest rate thus commercial paper are categorized as A) Payables rating. B) Commercial rating. C) Poor credit rating. D) Better credit rating. Show Answer Correct Answer: D) Better credit rating. 11. For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for? A) Equated Money Index. B) Easy Money Installment. C) Equated Monthly Installment. D) Equal Monthly Installment. Show Answer Correct Answer: C) Equated Monthly Installment. 12. As of 2014, the BRICS nations represent what per cent of the World economy. A) 12. B) 15. C) 18. D) 23. Show Answer Correct Answer: C) 18. 13. The Monetary and Credit Policy of India is the responsibility of which of the following? A) Planning Commission. B) Finance Ministry. C) RBI. D) National Advisory Council. Show Answer Correct Answer: C) RBI. 14. When does the central Bank increase the minimum statutory cash reserve ratio of the commercial banks? A) When the economy is in deflationary condition. B) When the central Bank aims credit expansion. C) When the economy is in recession. D) None of these. Show Answer Correct Answer: D) None of these. 15. How is Capital Adequacy Ratio of banks calculated by RBI? A) (Tier 1 Capital + Tier 2 capital + Tier 3 capital)/Risk weighted assets. B) (Tier 1 Capital-Tier 2 capital)/Risk weighted assets. C) (Tier 1 Capital + Tier 2 capital)/Risk weighted assets. D) None of the above. Show Answer Correct Answer: C) (Tier 1 Capital + Tier 2 capital)/Risk weighted assets. 16. The word "Code Sharing" is most used in which of the following industries? A) Information Technology. B) Defense Industry. C) Nuclear Industry. D) Air Transport Industry. Show Answer Correct Answer: D) Air Transport Industry. 17. How many banks are presently associates of State Bank of India? A) 8. B) 7. C) 6. D) 5. Show Answer Correct Answer: D) 5. 18. Which of the followings are defined as Negotiable Instruments by Custom (Trade Practices)? A) Banker's Note. B) Share Certificates. C) Share Warrants. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. The main function of IMF is to A) Give financial investment loans to devoloping countries. B) Act as a private sector lending arm of the World Bank. C) Help of solve balance of payment problems of member countries. D) Arrange international deposits from banks. Show Answer Correct Answer: C) Help of solve balance of payment problems of member countries. 20. Bancassurance means A) Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches. B) Assurance given by banks to its customers. C) Life policy issued to the bank on the life of their staff. D) Assurance given to bank by general insurance companies for insuring assets of the banks. Show Answer Correct Answer: A) Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches. ← 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