This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 67 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 67 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following targets at individuals and small businesses who lack access to conventional banking and related services? A) Asset Finance Company. B) Investment Company. C) NBFC Micro Finance Institution. D) Infrastructure Finance Company. Show Answer Correct Answer: C) NBFC Micro Finance Institution. 2. Which of the following is shown on Liabilities side of a bank's balance sheet? A) Reserve fund. B) Loans & advances. C) Bills discounted. D) Bills for collection. Show Answer Correct Answer: A) Reserve fund. 3. In which year did the Vaghul committee submitted its report? A) 1991. B) 1987. C) 1992. D) 1990. Show Answer Correct Answer: B) 1987. 4. Nationalisation of banks aimed at all of the following, except A) Provision of adequate credit for agriculture, SME and exports. B) Removal of control by a few capitalists. C) Provision of credit to big industries only. D) Access of banking to masses. Show Answer Correct Answer: C) Provision of credit to big industries only. 5. Credit Card is an essential component of which of the following? A) Electronic Commerce. B) Internet Commerce. C) Both A and B. D) None of The Above. Show Answer Correct Answer: C) Both A and B. 6. According to the latest available data what was India's economic growth in 2013-14? A) 4.50%. B) 4.70%. C) 5.50%. D) 0.057. Show Answer Correct Answer: B) 4.70%. 7. Which of the following is not the name of a bank functioning in India? A) Central Bank of India. B) UCO Bank. C) Aegon Religare. D) Dena Bank. Show Answer Correct Answer: C) Aegon Religare. 8. Which bank is a specialized financial institution for financing, facilitating and promoting foreign trade of India? A) EXIM Bank. B) ICICI. C) IDBI. D) NABARD. Show Answer Correct Answer: A) EXIM Bank. 9. Which of the following is not true about Mobile Money Identifier (MMID)? A) Mobile Money Identifier (MMID) is a seven-digit number, issued by banks for effecting financial. B) The user's mobile number MMID are uniquely linked with his bank account number, and is one of the. C) Both the remitter and the beneficiary are required to have their MMIDs to effect a fund transfer through. D) A unique MMID and mobile number combination helps in identifying the beneficiary's details. A single. Show Answer Correct Answer: D) A unique MMID and mobile number combination helps in identifying the beneficiary's details. A single. 10. Which of the following acts provide the legal provisions for the maintenance of Foreign Reserve in India? A) RBI Act 1934. B) Banking Regulation Act 1949. C) FEMA 1999. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 11. Which of the following defines 'At sight' under section 21 of the Negotiable Instrument Act, 1881? A) On presentation. B) On demand. C) On coming into vision. D) None of the above. Show Answer Correct Answer: A) On presentation. 12. Kisan Credit Card Scheme (KCC) was introduced in 1998-99 to improve the credit delivery to farmers. Which one of the following does not operate this scheme? A) NABARD. B) Co-operative Banks. C) Regional Rural Banks. D) Schedules Commercial Banks. Show Answer Correct Answer: A) NABARD. 13. Which of the following acts is specially launched to facilitate banks in recovery of bad loans? A) RBI Act. B) Banking Regulation Act. C) Companies Act. D) SARF AESI Act. Show Answer Correct Answer: D) SARF AESI Act. 14. RBI has reduce by one percentage point the Statutory Liquidity Ratio required to be maintained by banks to 23% . In what form is this stipulation reacquired to be fulfilled? A) Banks are required to keep the amount in approved government securities of the appropriate value. B) The amount to be maintained in cash and securities with RBI. C) The required amount is to be maintained in gold with RBI. D) All of the above. Show Answer Correct Answer: A) Banks are required to keep the amount in approved government securities of the appropriate value. 15. In India nationalization of banks took place in how many phases? A) 3. B) 2. C) 4. D) 1. Show Answer Correct Answer: B) 2. 16. RBI on October, 7th 2013, has reduced Marginal Standing Facility (MSF) rate from 9.5% to 9% to improve liquidity in the system. What is MSF? A) MSF rate is the rate at which banks lodge funds overnight with RBI buying approved government securities. B) MSF rate is the rate at which banks borrow funds overnight from other banks against approved government securities. C) MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities. D) MSF rate is the minimum rate at which banks lend to the borrowers. Show Answer Correct Answer: C) MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities. 17. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news? A) Liquidity. B) Least. C) Liabilities. D) Long. Show Answer Correct Answer: A) Liquidity. 18. In economics it is generally believed that the main objective of a Public sector financial company like Bank is to..... A) Employ more and more people. B) Maximize total profits. C) Maximize total production. D) Provide financial service to the people of the nation of its origin across the country. Show Answer Correct Answer: D) Provide financial service to the people of the nation of its origin across the country. 19. "The termination of an insurance policy due to non-payment of premium" is technically called as? A) Death. B) Lapse. C) Forfeiture. D) Seize. Show Answer Correct Answer: B) Lapse. 20. Which of the following is NOT associated with climate change and/or global warming? [Allahabad Bank 2010] A) Basel norms. B) Bali Meet 2007. C) Copenhagen Conference. D) Kyoto Protocol. Show Answer Correct Answer: A) Basel norms. ← 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