This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The names of which of the following rates/ratios cannot be seen in financial newspapers? [Corporation Bank 2011] A) Bank Rate. B) Repo Rate. C) Statutory Liquidity Ratio. D) Pulse Rate. Show Answer Correct Answer: D) Pulse Rate. 2. Treasury bill is..... A) Negotiable security. B) Non negotiable security. C) No security at all. D) Quasi negotiable security. Show Answer Correct Answer: A) Negotiable security. 3. Capital market is a market which deals in A) Short-term funds. B) Long-term funds. C) Gilt-edge securities. D) None of these. Show Answer Correct Answer: B) Long-term funds. 4. For which of the following banks, did RBI introduce the scheme RS.protected disclosure'? A) Private Banks. B) Co-operative Banks. C) Foreign Banks. D) A and C. Show Answer Correct Answer: D) A and C. 5. In capital markets, which of the following are the major suppliers of trading instruments? A) Liquid corporations. B) Instrumental corporations. C) Manufacturing corporations. D) Government and corporations. Show Answer Correct Answer: D) Government and corporations. 6. Which of the following is the biggest borrower in India? A) Indian Government. B) Reserve Bank of India. C) Indian Railways. D) State Governments. Show Answer Correct Answer: A) Indian Government. 7. Which of the following statements is true? [IBPS 2011] A) Banks cannot accept demand and time deposits from public. B) Banks can accept only demand deposits from public. C) Banks can accept only time deposits from public. D) Banks can accept both demand and time deposits from public. Show Answer Correct Answer: D) Banks can accept both demand and time deposits from public. 8. Bad debts recovered is a.....for the organisation. A) Expense. B) Debt. C) Income. D) Asset. Show Answer Correct Answer: C) Income. 9. What is Islamic Banking? A) Banking in which lending is prohibited. B) Banking in Muslim countries. C) Banking consistent with the principles of sharia. D) None of the above. Show Answer Correct Answer: C) Banking consistent with the principles of sharia. 10. Who is a banking ombudsman? A) The chief vigilance officer of a bank. B) The chairman of a bank. C) An official in the Finance Ministry, Government of India. D) An independent authority appointed by RBI to address customer complaints. Show Answer Correct Answer: D) An independent authority appointed by RBI to address customer complaints. 11. The part of a company's earnings or profits which are paid out to shareholders is known as A) Capital gains. B) Taxes. C) Interest on borrowings. D) Dividends. Show Answer Correct Answer: D) Dividends. 12. The Reserve Bank of India is planning to launch a new category of banks called D-SIB. What does D-SIB stands for A) Domestic Systematically Important Banks. B) Domestic Saving & Investment Banks. C) Domestic Synchronised Important Banks. D) Domestic Synchronised Improvised Banks. Show Answer Correct Answer: A) Domestic Systematically Important Banks. 13. The issued/paid-up capital of a Regional Rural Bank (RRB) should be A) Rs. 60 lakh. B) Minimum Rs. 25 lakh and maximum Rs. 100 lakh. C) Rs. 80 lakh. D) Rs. 90 lakh. Show Answer Correct Answer: B) Minimum Rs. 25 lakh and maximum Rs. 100 lakh. 14. What is full form of NBFC as used in financial sector? A) New Banking Finance Corporation. B) Non Banking Finance Company. C) New Business Formation Company. D) Net Banking & Finance Cooperative. Show Answer Correct Answer: B) Non Banking Finance Company. 15. A panel of Reserve Bank of India has suggested to set-up specialized banks to cater to the low income households and small businesses. These banks will ensure that every citizen have a bank account by 201 6. The panel was headed by A) Mukul Mudgal. B) Nachiket Mor. C) Raghuram Rajan. D) Bilal Nazaki. Show Answer Correct Answer: B) Nachiket Mor. 16. Which of the following term is used in banking? A) Listing. B) Open Market Operations. C) Settlement Day. D) Stock. Show Answer Correct Answer: B) Open Market Operations. 17. When the credit committee corporation was created? A) 1974. B) 1972. C) 1971. D) 1973. Show Answer Correct Answer: C) 1971. 18. Regional Rural Banks (RRBs) are empowered to transact the business of banking as defined under A) Banking Regulation Act, 1949. B) Negotiable Instruments Act, 1881. C) Regional Rural Banks Act, 1976. D) The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Show Answer Correct Answer: A) Banking Regulation Act, 1949. 19. Which is the oldest Joint Stock bank of India? A) Allahabad Bank. B) Bank of Baroda. C) Patiala Bank. D) Bank of India. Show Answer Correct Answer: A) Allahabad Bank. 20. The Tier-1 capital of banks does not include..... A) Paid-up capital. B) Revaluation reserves. C) Statutory reserves. D) Investment fluctuation reserves. Show Answer Correct Answer: B) Revaluation reserves. ← PreviousNext →Related QuizzesBanking QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9Banking Affairs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books