This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 60 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 60 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Whose signature is found on a 50 rupee currency note in India? A) President of India. B) Governor, RBI. C) Finance Minister. D) Prime Minister of India. Show Answer Correct Answer: B) Governor, RBI. 2. Loans and advances a bank, provides come under which of the following category? A) Assets. B) Liabilities. C) Costs. D) All of these. Show Answer Correct Answer: A) Assets. 3. Head office of Bank of Maharashtra is located at..... A) New Delhi. B) Bhopal. C) Pune. D) Mumbai. Show Answer Correct Answer: C) Pune. 4. Many a time we read a term 'SEPA' in financial newspapers. What is the full form of the term? [UBI 2009] A) Single Exchange Processing Agency. B) Single Euro Payments Area. C) Single Electronic Processing Agency. D) Super Electronic Purchase Agency. Show Answer Correct Answer: B) Single Euro Payments Area. 5. As we know, a lot of new concepts are being used in the field of banking these days. Which of the following is NOT one such concept/product directly associated with banks? A) F-payment. B) SMS Alert. C) ATM/Debit Card. D) Number Portability. Show Answer Correct Answer: D) Number Portability. 6. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India? A) NABARD. B) SIDBI. C) RBI. D) SEBI. Show Answer Correct Answer: A) NABARD. 7. What is the currency deposit ratio (CDR)? A) Ratio of money held by the public in currency to that of money held in bank deposits. B) Ratio of money held by public in bank deposits to that of money held by public in currency. C) Ratio of money held in demand drafts to that of money held in treasury bonds. D) None of the above. Show Answer Correct Answer: A) Ratio of money held by the public in currency to that of money held in bank deposits. 8. Who can become an authorised BBPOU under BBPS? A) Banks. B) Non-Bank entities. C) Both Banks and Non-Bank entities. D) None of the above. Show Answer Correct Answer: C) Both Banks and Non-Bank entities. 9. How many banks are there in public sector at present? A) 28. B) 27. C) 19. D) 20. Show Answer Correct Answer: B) 27. 10. A company based IDF is regulated by which of the following? A) SEBI. B) RBI. C) SBI. D) None of the above. Show Answer Correct Answer: B) RBI. 11. 'A customer is a person who maintains an account with a Bank' This definition of the customer is as per..... A) Banking Regulation Act, 1949. B) Negotiable Instrument Act, 1881. C) RBI Act, 1934. D) KYC guidelines of RBI. Show Answer Correct Answer: D) KYC guidelines of RBI. 12. Which of these RRB is not sponsored by State bank of India? A) Saurashtra Grameen Bank. B) Utkal Grameen Bank. C) Uttarakhand Grameen Bank. D) Punjab Grameen Bank. Show Answer Correct Answer: D) Punjab Grameen Bank. 13. Direct Benefit Transfer or DBT beneficiaries can withdraw money through which of the following servies? A) Micro-ATMs. B) Aadhar Enabled Payment System. C) BHIM Aadhar Pay. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Who was the chairman of the first Banks Board Bureau? A) Vinod Rai. B) Usha Mehta. C) Ravi Shankar Menon. D) Raghuram Rajan. Show Answer Correct Answer: A) Vinod Rai. 15. Who headed the committee to evaluate the license applications for Payment banks? A) C Rangarajan. B) Usha Thorat. C) Nachiket Mor. D) B S Mehta. Show Answer Correct Answer: C) Nachiket Mor. 16. POSCO is in the process of establishing its plants in India. What does the letter 'P' denote in the name POSCO? A) Popular. B) Pallin. C) Pohang. D) Paradeep. Show Answer Correct Answer: C) Pohang. 17. Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank? A) Notice Money Market. B) Call Money Market. C) Bill Market. D) Money Market. Show Answer Correct Answer: B) Call Money Market. 18. In case of a debt taken by a married woman, her husband will be liable for debt only if the debt is taken A) With his consent or authority. B) For the supply of necessaries of life to the wife, in case the husband defaults in supplying the same to her. C) Both A and B. D) Either A or B. Show Answer Correct Answer: C) Both A and B. 19. Which of the following statements about the money market is/are true? A) Not all commercial banks deal for their customers in the secondary market. B) Money markets are used extensively by businesses both to warehouse, surplus funds and to raise short-term funds. C) The single most influential participant in the US money market is the US Treasury Department. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 20. Which of the following certainly is an effort in the direction of Financial Inclusion? A) Internet Banking. B) Anywhere Banking. C) No-frills Accounts. D) Foreign Currency Accounts. Show Answer Correct Answer: C) No-frills Accounts. ← 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