This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 71 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 71 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The rate of interest payable on a bank deposits is determined by A) Indian Bank's Association. B) The bank concerned. C) RBI. D) Finance Ministry. Show Answer Correct Answer: B) The bank concerned. 2. Sukanya Samriddhi Yojana was launched in which year? A) 2015. B) 2016. C) 2014. D) 2013. Show Answer Correct Answer: A) 2015. 3. Foreign Exchange Reserves of India are kept in the custody of which of the following? A) International Bank for Reconstruction and Development. B) International Monetary Fund. C) Government Treasury. D) RBI. Show Answer Correct Answer: D) RBI. 4. Which of the following debts is treated as Quasi-Equity by lenders? A) Junior Debt. B) Senior Debt. C) Subordinate debt. D) None of the above. Show Answer Correct Answer: C) Subordinate debt. 5. Banks do not purchase/discount A) Documentary Bills. B) Clean Bills. C) Accommodation Bills. D) Usance Bills. Show Answer Correct Answer: C) Accommodation Bills. 6. Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of A) Minors. B) Married women. C) Senior citizens. D) Govt. employees. Show Answer Correct Answer: C) Senior citizens. 7. Which international organisation helped in setting up of ICICI in 1955? A) World Bank. B) ADB. C) IMF. D) None of the above. Show Answer Correct Answer: A) World Bank. 8. Who was the chairman of the Committee on Medium-term Path on Financial Inclusion? A) Chandan Sinha. B) Deepak Mohanty. C) Sushil Chandra. D) Nachiket Mor. Show Answer Correct Answer: B) Deepak Mohanty. 9. How many Public Sector banks are there in India presently? A) 18. B) 19. C) 22. D) 21. Show Answer Correct Answer: A) 18. 10. Self Help groups is related to which of the following models? A) Banking Model. B) Indian Microfinance Model. C) Financial Inclusion model. D) VK Mehta Model. Show Answer Correct Answer: B) Indian Microfinance Model. 11. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as A) Term Deposit. B) Demand Deposit. C) Bond. D) Mortgage. Show Answer Correct Answer: A) Term Deposit. 12. The Govt of India recently provided an amount of Rs.65, 300 cr to about 3.6 cr farmers in India. What was the purpose of the distribution of this much amount to the farmers? A) To enable them to purchase tractors and other hitech agricultural machines. B) This was given to them as a debt waiver and relief package. C) To provide them fertilisers and advanced high-yielding seeds for the next harvesting season. D) To help them avail Internet services and update their knowledge about the farming techniques and adopt new methods of the same. Show Answer Correct Answer: B) This was given to them as a debt waiver and relief package. 13. "Sub Prime lending" is a term applied to the loans made to A) Those borrows who do not have a good credit history. B) Those who wish top take loan against the mortgage of tangible assets. C) Those who have a good credit history and are know to bank since 10 years. D) Those borrowers who are most preferred customers of the bank. Show Answer Correct Answer: A) Those borrows who do not have a good credit history. 14. Which of the following organisations maintains CRR? A) SEBI. B) RBI. C) Ministry of Finance. D) NABARD. Show Answer Correct Answer: B) RBI. 15. Which is India's first Payment bank? A) PayTM Payments Bank. B) JIO Payments Bank. C) Airtel Payments Bank. D) Fino Payments Bank. Show Answer Correct Answer: C) Airtel Payments Bank. 16. Which one of the following is not an objective of fiscal policy? A) Economic growth. B) Economic stability. C) Maximization of employment level. D) None of these. Show Answer Correct Answer: D) None of these. 17. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our country is known as A) Investment banking. B) Specialized banking. C) Mobile banking. D) National banking. Show Answer Correct Answer: B) Specialized banking. 18. The discounting rate at which RBI borrows government securities from commercial banks is known as A) Repo Rate. B) Reverse Repo. C) Deposit Rate. D) Base Rate. Show Answer Correct Answer: A) Repo Rate. 19. First Indian Governor of the RBI: A) C.D. Deshmukh. B) Sachindra Ray. C) S. Mukherjee. D) D.I.G. Patel. Show Answer Correct Answer: A) C.D. Deshmukh. 20. What do we call the process of paying off an existing loan and establishing a new loan? A) Amortization. B) Reconveyance. C) Refinancing. D) Servicing. Show Answer Correct Answer: C) Refinancing. ← 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