This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 75 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 75 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How many banks were Nationalised in 1969 under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969? A) 15. B) 14. C) 13. D) 11. Show Answer Correct Answer: B) 14. 2. As per guidelines of Reserve Bank of India, a new private sector bank A) Shall be subject to prudential norms in regard to income recognition, asset classification and provisioning, capital adequacy, etc. B) Shall have to observe priority sector lending targets as applicable to other domestic banks. C) Will be required to open rural and semiurban branches. D) All of these. Show Answer Correct Answer: D) All of these. 3. In which of the following risks, ambiguity introduced by organization, finances its investments? A) Country risk. B) Financial risk. C) Liquidity risk. D) Business risk. Show Answer Correct Answer: B) Financial risk. 4. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as A) GNI. B) GDP. C) Inflation. D) PPP. Show Answer Correct Answer: B) GDP. 5. Interest spread is a commonly used term in banking. What does it describes? A) The sum total of discount and interest from loans. B) Aggregate deposits plus aggregate advances. C) Total interest earned over total interest expended. D) Total interest earned less the non-interest expenses. Show Answer Correct Answer: C) Total interest earned over total interest expended. 6. Which of the following taxes is not levied by the Government of India? A) Income Tax. B) Professional Tax. C) Excise Duty. D) Dividend Distribution Tax. Show Answer Correct Answer: B) Professional Tax. 7. What is Repo Rate? (IBPS 2011) A) It is a rate at which RBI sell government securities to banks. B) It is a rate at which RBI buys government securities from banks. C) It is a rate at which RBI allows small loans in the market. D) It is a rate which is offered by Banks to their most valued customers or prime customers. Show Answer Correct Answer: B) It is a rate at which RBI buys government securities from banks. 8. Which among the following terms is commonly not associated with Budgets in India? A) Outcome Budget. B) Gender Budget. C) Austerity Budget. D) Gross Budgetary Support. Show Answer Correct Answer: C) Austerity Budget. 9. The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are? A) IDBI & Canara Bank. B) ICICI & HDFC. C) IDBI & HDFC. D) IDBI & ICICI. Show Answer Correct Answer: D) IDBI & ICICI. 10. Which was the first RRB in India to adopt CBS platform? A) Prathama Bank. B) Telangana Grameen Vikas Bank. C) Rushikulya Gramya Bank. D) Gaur Gramin Bank. Show Answer Correct Answer: C) Rushikulya Gramya Bank. 11. 'Global Market' means market of A) USA. B) China. C) OPEC members. D) All major countries and their alliances. Show Answer Correct Answer: D) All major countries and their alliances. 12. Which of the following committee has great role in forming a public grievance system for a customer suffering from grievances related to Housing Loans? A) Goiporia Committee. B) Jilani Committee. C) Mitra Committee. D) Rangarajan Committee. Show Answer Correct Answer: A) Goiporia Committee. 13. About the "Village Gram Bank Scheme"? A) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season. B) The gram banks are set up in food scare areas like drought prone areas. C) Village Panchayats who were running Village Grain Banks earlier are now not authorized to run. D) Both A and B. Show Answer Correct Answer: A) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season. 14. The European Union has adopted which of the following as a common currency? [Indian Overseas Bank 2011] A) Dollar. B) Dinar. C) Yen. D) Euro. Show Answer Correct Answer: D) Euro. 15. Floating Exchange Rate is also referred to as..... A) Real Exchange Rate. B) Controlled Exchange Rate. C) Fixed Exchange Rate. D) Flexible Exchange Rate. Show Answer Correct Answer: D) Flexible Exchange Rate. 16. In which of the following years, Lead Bank scheme was finalised? A) 1969. B) 1960. C) 1981. D) 1993. Show Answer Correct Answer: A) 1969. 17. Opening of maximum of ATMs is an example of which of the following? A) Indirect marketing. B) Direct marketing. C) Social marketing. D) None of these. Show Answer Correct Answer: B) Direct marketing. 18. When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy (A big country was in this state recently)? A) Inflation. B) Recession. C) Deflation. D) Economic boom. Show Answer Correct Answer: B) Recession. 19. Which among the following is related to bank risks? A) Deposits. B) Bank funds. C) NPA. D) All of these. Show Answer Correct Answer: C) NPA. 20. Which one of the following banks creates credit? A) Reserve Bank of India. B) Commercial Bank. C) Industrial Banks. D) Land Mortgage Banks. Show Answer Correct Answer: B) Commercial Bank. ← 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