This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 73 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 73 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. .....was appointed by PM in July 2012 to look into taxation of IT sector. A) Rangachary committee. B) Bimal Jalan Committee. C) C N R Rao Committee. D) Damodran Committee. Show Answer Correct Answer: C) C N R Rao Committee. 2. What is total Forex reserve of India at present time? A) US$ 405.1434 billion. B) US$ 406.1434 billion. C) US$ 123.4532 billion. D) US$ 407.1434 billion. Show Answer Correct Answer: A) US$ 405.1434 billion. 3. What should be the paid up capital of the bank to be a Scheduled Commercial Bank as per the RBI Act 1934? A) Rs 10 lakhs. B) Rs 1 crore. C) Rs 5 lakhs. D) Rs 5 crore. Show Answer Correct Answer: C) Rs 5 lakhs. 4. Many a times we read in newspapers a term CBS. What does B denotes in the term 'CBS'? A) Business. B) Banking. C) Base. D) Bond. Show Answer Correct Answer: B) Banking. 5. Recently, an Expert Panel on Monetary Framework set up by the RBI recommended to strengthen and revise the current monetary policy framework. The Expert Panel was headed by? A) Raghuram G Rajan. B) Peter J. Montiel. C) Rupa Nitsure. D) Urjit Patel. Show Answer Correct Answer: D) Urjit Patel. 6. When was the Public Debt Act passed? A) 1935. B) 1942. C) 1944. D) 1947. Show Answer Correct Answer: C) 1944. 7. According to Banking Regulation Act, RBI can fix SLR upto the ceiling of..... A) 40%. B) 50%. C) 60%. D) 75%. Show Answer Correct Answer: A) 40%. 8. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for? A) Foreign Currency Convertible Bond. B) Foreign Convertible Credit Bond. C) Financial Consortium and Credit Bureau. D) Future Credit and Currency Bureau. Show Answer Correct Answer: A) Foreign Currency Convertible Bond. 9. One can file the appeal against the decision of the Banking Ombudsman rejecting the complaint within how many days of the date of receipt of the Award? A) 25 days. B) 18 days. C) 15 days. D) 30 days. Show Answer Correct Answer: D) 30 days. 10. Which of the following is not a part of the scheduled banking structure in India? [Indian Overseas Bank 2011] A) State Co-operative Banks. B) Public Sector Banks. C) Private Sector Banks. D) Moneylenders. Show Answer Correct Answer: D) Moneylenders. 11. The tagline of Indian Overseas Bank is A) Good people to grow with. B) Good people to banks with. C) Pure banking. D) Only Banking nothing else. Show Answer Correct Answer: B) Good people to banks with. 12. What are Teaser Loan rates charged by Banks? A) Rate of interest in the initial period is more and it goes down subsequently. B) Rate of interest in the intial period is less and goes up subsequently. C) Fixed Rate of interest charged by Banks. D) Floating rate of interest charged by Banks. Show Answer Correct Answer: B) Rate of interest in the intial period is less and goes up subsequently. 13. Which of the following is a statistic that measures how the returns of two risky assets move together? A) Correlation. B) Standard deviation. C) Variance. D) None of the above. Show Answer Correct Answer: A) Correlation. 14. How is pension calculated? A) 50% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt. B) 70% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring. C) 20% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt. D) None of the above. Show Answer Correct Answer: A) 50% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt. 15. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as A) Universal Banking. B) Indirect Bank. C) Door Step Bank. D) A Direct Bank. Show Answer Correct Answer: D) A Direct Bank. 16. Loans of small or very small amounts given to low-income-group people are known as [Allahabad Bank 2011] A) Investment Loans. B) Micro Credit. C) Saving loans. D) Secured loans. Show Answer Correct Answer: B) Micro Credit. 17. Intermediate goods are excluded from GDP because A) They represent goods that have never been purchased so they cannot be counted. B) Their inclusion would understate GDP. C) Their inclusion would involve double counting. D) The premise of the question is incorrect because intermediate goods are directly included in calculating GDP. Show Answer Correct Answer: C) Their inclusion would involve double counting. 18. Who is/are eligible to open an EEFC Account? A) Individuals. B) Companies. C) Residents of India. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 19. What is the time period for an intermediate term corporate loan? A) 3 Year. B) 4 Year. C) 2Year. D) 7 Year. Show Answer Correct Answer: A) 3 Year. 20. International Day of Rural Women is observed on? A) September 15. B) July 15. C) December 15. D) October 15. Show Answer Correct Answer: D) October 15. ← 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