This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 64 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 64 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is the Central Bank of USA? A) Federation of Banks, USA. B) Citigroup, USA. C) Bank of America. D) Federal Reserve. Show Answer Correct Answer: D) Federal Reserve. 2. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following? A) Fiscal adjustment. B) Retrenchment. C) Mandatory Spending. D) Deficit Financing. Show Answer Correct Answer: D) Deficit Financing. 3. In January, 1998, the Reserve Bank of India introduced new regulatory framework for safeguarding the interest of depositors. The guidelines comprises A) NBFCs falling short of the stipulated minimum Net Owned Funds (NOF) were precluded from accepting public deposits. B) An NBFC not having minimum credit rating as prescribed by RBI is not eligible to accept fresh deposits. C) Ceiling on the quantum public deposits was related to the level of credit rating given by the approved credit rating agencies. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. When was Liberalised Remittance Scheme established? A) February 1th, 2005. B) February 4th, 2004. C) February 7th, 2002. D) February 8th, 2006. Show Answer Correct Answer: B) February 4th, 2004. 5. Financial Market broadly divided in to two. They are? A) Money and Capital market. B) Money and Black market. C) Price and Money market. D) Capital and Abroad market. Show Answer Correct Answer: A) Money and Capital market. 6. Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of..... A) Mutual Funds. B) Small Savings Schemes in Post Offices. C) National Pension Fund. D) National Saving Certificates. Show Answer Correct Answer: A) Mutual Funds. 7. What do we call the banks that undertakes commercial banking, investment banking, mutual funds and merchant banking? A) Mixed Banking. B) Retail Banking. C) Universal Banking. D) Narrow Banking. Show Answer Correct Answer: C) Universal Banking. 8. What is the maximum amount of loan can be extended by payments banks? A) 25000. B) 50000. C) 100000. D) No lending power. Show Answer Correct Answer: D) No lending power. 9. Who is the chairperson of State Bank Of India? A) Arundhati Bhattacharya. B) Naina Lal Kidwai. C) Chanda Kochar. D) Shikha Sharma. Show Answer Correct Answer: A) Arundhati Bhattacharya. 10. Core Investment Company holds not less than 90 per cent of its net assets in the form of investment in which of the following? A) Equity shares. B) Preference shares. C) Bonds. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. Which among the following is also known as Pacific Rim trade IBSA? A) APEC. B) ASEAN. C) SAARC. D) IBSA. Show Answer Correct Answer: B) ASEAN. 12. The idea of Lokpal has emanated from the office of Ombudsman, which is prevalant in.....countries? A) Latin Amircian. B) South East Asian. C) Scandivanian. D) European. Show Answer Correct Answer: C) Scandivanian. 13. As part of the Financial Inclusion the following acts as an alternative to the Branch Banking. A) Online Banking. B) Mobile banking. C) Issuing of ATM Cards. D) Kiosks. Show Answer Correct Answer: B) Mobile banking. 14. Index "Residex" is associated with..... A) Share Prices. B) Mutual Fund Prices. C) Prices Inflation Index. D) Land Prices. Show Answer Correct Answer: D) Land Prices. 15. The returned non resident Indians are permitted to open the following accounts A) Non resident external account. B) Non resident ordinary account. C) RFC account. D) FCNR account. Show Answer Correct Answer: C) RFC account. 16. Who is the longest serving Governor of Reserve Bank of India? A) Sir C D Deshmukh. B) Sir Benegal Rama Rau. C) K G Ambegaonkar. D) H V R Iengar. Show Answer Correct Answer: B) Sir Benegal Rama Rau. 17. What is the full form of 'ULIP', the term which was in the news recently? [Syndicate 2010] A) Universal Life & Investment Plan. B) Unit Loan & Insurance Plan. C) Universal Loan & Investment Plan. D) Unit Linked Insurance Plan. Show Answer Correct Answer: D) Unit Linked Insurance Plan. 18. Which of the following are among the direct methods of exchange control in India? A) Intervention. B) Exchange Restrictions. C) Exchange Clearing Agreements. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Which of the following is not a component of bank deposits? A) Fixed deposits. B) Current A/C deposits. C) Recurring deposits. D) Safe deposits. Show Answer Correct Answer: D) Safe deposits. 20. Organisation of workers in which of the following groups has proved a very effective way of providing micro finance by banks to the rural people and poor in India? A) Self Help Groups. B) Vriksha Mitras. C) Shiksha Sevaks. D) Accredited Social Health Activist (ASHA). Show Answer Correct Answer: A) Self Help Groups. ← 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