This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 65 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 65 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following schemes/products launched by the banks to provide instant loan facility to the farmers? A) Kisan Credit Card. B) Krishi Bima Yojana. C) Crop Loan Scheme. D) Corporate Loan Scheme. Show Answer Correct Answer: A) Kisan Credit Card. 2. 'Nomination' for a Deposit account in the bank means A) Mandate given by the close relative(s) of the depositor, to settle the death claim in case of death of the depositor. B) Mandate decided by the bank to settle the death claim of its depositor. C) Mandate of the depositor in favour of one or more persons, to claim the amount on death of the depositor. D) Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor. Show Answer Correct Answer: D) Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor. 3. Which of the following entities did not get the licence to run Payment Bank A) Aditya Birla Nuvo Limited. B) Sun Pharma. C) Fino PayTech Limited. D) Videocon d2h. Show Answer Correct Answer: D) Videocon d2h. 4. Increased interest rates, as is existing in the economy at present will.....[IBPS 2012] A) Lead to higher GDP growth. B) Lead to lower GDP growth. C) Mean higher cost of raw materials. D) Mean lower cost of raw materials. Show Answer Correct Answer: A) Lead to higher GDP growth. 5. For issuing notes, RBI has required to hold the minimum reserve of Rs. 200 crore of which not lesss than Rs......crore to be hold in gold. A) 85. B) 100. C) 115. D) 125. Show Answer Correct Answer: C) 115. 6. Which of the following account can be repatriable? A) NRE Account. B) NRO Account. C) FCNR(B) Account. D) Both (A) and C. Show Answer Correct Answer: D) Both (A) and C. 7. The Integrated Action plan recently approved by the Government of India is related with..... A) Natural disaster. B) Inflation. C) Terrorism. D) Naxalism. Show Answer Correct Answer: D) Naxalism. 8. WADA (World Anti Doping Agency) is related with..... A) Insurance. B) Government Securities. C) Dope Testing. D) Stock Exchange. Show Answer Correct Answer: C) Dope Testing. 9. FEMA head office is situated in which of the following city? A) Hyderabad. B) Lucknow. C) Bangalore. D) New Delhi. Show Answer Correct Answer: D) New Delhi. 10. Who is the current head of Combined Registry of Securitization Asset Reconstruction and Security Interest (CERSAI)? A) Praveen Kumar Sharma. B) Naveen Kumar Sharma. C) Laxmi Niwas Mittal. D) Nandan Nilekani. Show Answer Correct Answer: A) Praveen Kumar Sharma. 11. Which of the following agencies/organizations in India maintains the Micro Finance Development and equity fund? A) Confederation of Industries in India. B) Indian Bank's Association. C) Small industries Development Bank of India. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 12. Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as..... A) Credit Policy. B) Fiscal Policy. C) Monetary policy. D) Taxation Policy. Show Answer Correct Answer: B) Fiscal Policy. 13. The World Trade Organization (WTO) deals with the global rules of trade between nations. Who is the Director General of WTO? A) Roberto Azevedo. B) Christine Legarde. C) Raghuram Rajan. D) Oliver Ralph Kahn. Show Answer Correct Answer: A) Roberto Azevedo. 14. The term 'Currency of India' refers to A) One rupee notes and coins. B) Bank notes issued by Reserve Bank of India viz., Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100 and for other higher denominations. C) One rupee notes and coins and bank notes issued by Reserve Bank of India. D) One rupee notes only. Show Answer Correct Answer: A) One rupee notes and coins. 15. FD in a commercial bank can be done for a maximum period of A) 15 yrs. B) 25 yrs. C) 10 yrs. D) No limit. Show Answer Correct Answer: C) 10 yrs. 16. Truncation of cheques means A) Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle. B) Debiting of drawer's account through internet. C) Both of the above. D) None of these. Show Answer Correct Answer: A) Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle. 17. The full form of PIN in the parlance of an ATM card is [Corporation Bank 2011] A) Permanent Information Number. B) Personal Identification Number. C) Professional Identification Number. D) Permanent Identification Number. Show Answer Correct Answer: B) Personal Identification Number. 18. What do we call the money that is lent for one day in the call money market? A) Call Money. B) Notice Money. C) Term Money. D) Day Money. Show Answer Correct Answer: A) Call Money. 19. Which country Woori Bank belongs to? A) South Korea. B) Canada. C) Indonesia. D) USA. Show Answer Correct Answer: A) South Korea. 20. In which year India become a member of Financial Action Task Force? A) 1978. B) 2000. C) 2010. D) 1994. Show Answer Correct Answer: C) 2010. ← 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