Banking Affairs Quiz 7 (20 MCQs)

Quiz Instructions

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1. What is the relationship between a bank and customer when a locker is rented out by a bank to a person:
2. Which of these facilities is given by RBI to the banks for inter-bank transactions?
3. Life insurance in its modern form came to India from England in the year
4. Under provisions of which one of the following Acts has the Reserve Bank of India has the power to regulate, supervise and control the banking sector?
5. The Reserve Bank of India (RBI) has recently issued guidelines for asset reconstruction companies (ARCs) to increase their investments in security receipts (SRs) with the objective of strengthening the asset recovery sector. What is the minimum prescribed percentage of funds that ARCs would now have to invest in SRs as directed in this RBI guideline?
6. Which of the following organisations/agencies has established a fund known as Investor Protection Fund? [Indian Overseas Bank 2011]
7. Who is Brand Endorsing Personality of Bank of Baroda?
8. Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short-term securities as a reserve all the time in banking world, this is known as
9. SHG Bank Linkage Programme, initially launched by
10. Which of the following is introduced by banks to increase financial inclusion?
11. RBI generally reviews the Monetary Policy after every
12. Which of the following is the core investment company having total assets of not less than Rs. 100 crore?
13. Which of the following is NOT a function of a bank? [Syndicate 2010]
14. As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw uptoRS. 1, 000 using their debit cards from notified shops/stores all over the country. All such shops/stores will have 'POS' terminals for the same. What is full form of the 'POS'? [Allahabad Bank 2010]
15. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within.....
16. Acceptance of deposits by non-banking financial companies is regulated by RBI under:
17. Which of the following is component of capital market?
18. In which of the following, short-term financial instruments are bought and sold at prices below their redemption value on maturity?
19. What is the maximum deposit amount insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation)?
20. What is NOT true with regard to Currency Chests in India?