This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 70 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 70 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who amongst the following was the Head of the committee which gave its recom-mendations on the modalities for Capital Account Convertibility? A) Dr Rakesh Mohan. B) Dr C Rangarajan. C) SS Tarapore. D) KJ Udeshi. Show Answer Correct Answer: C) SS Tarapore. 2. Aadhar card has been issued by which of the following authority? A) National Payment Corporation Of India. B) Unique Identification Authority Of India. C) Insurance Regulatory and Development Authority. D) Small Development Bank Of India. Show Answer Correct Answer: B) Unique Identification Authority Of India. 3. In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee? A) Any person. B) Known person only. C) Female only. D) Close blood relation only. Show Answer Correct Answer: D) Close blood relation only. 4. The minimum limit with RTGS is..... A) 2 lakh. B) 3 lakh. C) 4 lakh. D) 6 lakh. Show Answer Correct Answer: A) 2 lakh. 5. Which department of the RBI offers the facility of opening deposit accounts to other banks? A) DBR. B) DAD. C) DBS. D) None of the above. Show Answer Correct Answer: B) DAD. 6. Name the bank that purchased the HSBC bank's Swiss private banking assets? A) Six SIS AG. B) Zurich Cantonal Bank. C) LGT Bank. D) WIR Bank. Show Answer Correct Answer: C) LGT Bank. 7. What do you understand by the term 'Mortgage'? A) Registration of charge with the Registrar of Companies. B) Making the security of immovable property available as a cover for a home loan by the borrower. C) Sale of moveable security in the event of default by the borrower. D) Registration of charge with the Regional Transport Authority. Show Answer Correct Answer: B) Making the security of immovable property available as a cover for a home loan by the borrower. 8. Which of the following is not correctly matched? A) Chitra Ramkrishna-National Stock Exchange. B) Chanda Kochar-ICICI Bank. C) Naina Lal Kidwai-HSBC. D) Shikha Sharma-SBI. Show Answer Correct Answer: D) Shikha Sharma-SBI. 9. Which of the following city is the headquarter of ONICRA? A) Mumbai. B) Gurugram. C) Noida. D) Faridabad. Show Answer Correct Answer: B) Gurugram. 10. What is meant by Open Market Operations? A) Purchase and sale of the Government Securities by RBI. B) Rationing of the credit allocated by commercial banks by RBI. C) Request by the RBI to the commercial banks to take certain measures. D) None of the above. Show Answer Correct Answer: A) Purchase and sale of the Government Securities by RBI. 11. Which of the following statements about UCBs undertaking insurance business is/are correct? A) No UCB should undertake insurance agency business without obtaining its prior permission. B) The Reserve Bank has allowed all primary (Urban) co-operative banks to undertake insurance business on a referral basis, without any risk participation through their network of branches. C) The banks need not obtain prior approval of the Reserve Bank to undertake referral business. D) None of the above. Show Answer Correct Answer: D) None of the above. 12. In which pension plan, employers contribution is specified in employees retirement savings funds? A) Defined benefit pension plan. B) Defined contribution pension plan. C) Defined non contributory pension plan. D) Deferred contribution pension plan. Show Answer Correct Answer: B) Defined contribution pension plan. 13. Which of the following is not a feature of Microfinance? A) It provides gainful financial services to unemployed and low-income individuals. B) It promotes saving of money by individuals. C) Interest rates are generally lower than those offered by normal banks. D) None of these. Show Answer Correct Answer: D) None of these. 14. Which of the following terms is not related to banking? A) Repayment. B) Loan. C) NPA. D) Fasting. Show Answer Correct Answer: D) Fasting. 15. In case of a demand draft is issued, the liability of the bank will be..... A) Demand liability. B) Time liability. C) Current liability. D) Long term liability. Show Answer Correct Answer: A) Demand liability. 16. Regional Rural Banks (RRBs) are classified as [NABARD 2009] A) Scheduled commercial banks. B) Subsidiaries of the sponsor banks. C) Subsidiaries of NABARD. D) All of the above. Show Answer Correct Answer: A) Scheduled commercial banks. 17. Which market involves transactions in which one party sells a financial asset to another party and agrees to repurchase an equivalent value of financial assets? A) Sterling certificates of deposit market. B) Secondary market. C) Primary market. D) Gilt repo market. Show Answer Correct Answer: D) Gilt repo market. 18. When was NABARD set up in India? A) 1976. B) 1979. C) 1981. D) 1982. Show Answer Correct Answer: D) 1982. 19. By increasing repo rate, the economy may observe the following effects . A) Rate of interest on loans and advances will be costlier. B) Industrial output would be affected to an extent. C) Banks will increase rate of interest on deposits. D) Industry houses may borrow money from foreign countries. Show Answer Correct Answer: C) Banks will increase rate of interest on deposits. 20. The security which is a claim on the government and is a secure financial instrument guarantees certainty of both capital and interest is called? A) Gilt-Edged Security. B) Call Money. C) Treasury Bills. D) Certificate of Deposits. Show Answer Correct Answer: A) Gilt-Edged Security. ← 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