This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 76 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 76 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Demand pull inflation can be caused by money factors including..... A) A fall in the consumption expenditure. B) A sharp increase in the unemployment. C) A steep reduction in the direct taxation. D) An increase in the income tax. Show Answer Correct Answer: C) A steep reduction in the direct taxation. 2. In which year National Electronic Fund Transfer started in India? A) 2004. B) 2002. C) 2006. D) 2005. Show Answer Correct Answer: D) 2005. 3. When RBI acts as a baker to the government, what does it do? A) RBI keeps bank accounts of the government. B) RBI carries out government transactions. C) RBI advises the government on all financial and monetary matters. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Which of the following is incorrect about the acceptance of deposits by the NBFCs? A) They are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. B) They cannot accept deposits repayable on demand. C) They should have minimum investment grade credit rating. D) The repayment of deposits by NBFCs is guaranteed by RBI. Show Answer Correct Answer: D) The repayment of deposits by NBFCs is guaranteed by RBI. 5. Which of the following describes the term 'legal tender? A) Any object legally used as money in a country. B) Money which cannot legally be refused in discharge of a debt. C) Bank notes where they are in legal circulation. D) Notes or coins other than the counterfeited ones. Show Answer Correct Answer: B) Money which cannot legally be refused in discharge of a debt. 6. "CRAR" stands for? A) Currency to risk weighted assets ratio. B) Capital to risk weighted assets ratio. C) Capital to risk weighted accurate ratio. D) Capital to rest weighted assets ratio. Show Answer Correct Answer: B) Capital to risk weighted assets ratio. 7. Who can work as a Banking Correspondent? A) Individuals. B) NGOs. C) Micro-finance Institutions. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. Which of the following term is related to Banking/Finance? A) Acne. B) Ativan. C) Empire. D) Encryption. Show Answer Correct Answer: D) Encryption. 9. The process by which a life insurance policyholder can transfer all rights, title and interest-under a policy contract to a third person is known as A) Assignment of the policy. B) Hypothecation of the policy. C) Reinvestment of the policy. D) Negotiation of the policy. Show Answer Correct Answer: A) Assignment of the policy. 10. Corporation tax..... A) Is levied and appropriated by the states. B) Is levied by the union and collected and appropriated by the states. C) Is leveid by the union and shared by the union and the states. D) Is levied by the union and belongs to it exclusively. Show Answer Correct Answer: D) Is levied by the union and belongs to it exclusively. 11. The Purchasing Managers' Index (PMI) is a venture of? A) HDFC. B) HSBC. C) ICICI. D) EXIM Bank of India. Show Answer Correct Answer: B) HSBC. 12. Who or what is a person or institution designated by a bond issuer as the official representative of the bondholders? A) Debt trustee. B) Debenture. C) Bond trustee. D) None of the above. Show Answer Correct Answer: C) Bond trustee. 13. Interest payable on savings bank accounts is [IBPS 2011] A) Not regulated by RBI. B) Regulated by State Governments. C) Regulated by Central Government. D) Regulated by RBI. Show Answer Correct Answer: D) Regulated by RBI. 14. Which of the following statement is/are true about fiat money? A) Fiat money includes physical token like certificates. B) Fiat money's value is not derived from any intrinsic value are relative value is based only on government order. C) Fiat money can be converted in to valuable commodity (like gold). D) None of these. Show Answer Correct Answer: B) Fiat money's value is not derived from any intrinsic value are relative value is based only on government order. 15. Foreign Exchange Rates in India are determined by..... A) RBI. B) SEBI. C) Planning Commission. D) Market Forces of demand/supply. Show Answer Correct Answer: D) Market Forces of demand/supply. 16. The Deposit insurance facility provided by the DICGC is not available for which of the following A) LIC. B) GIC. C) SIDBI. D) NBFCs. Show Answer Correct Answer: D) NBFCs. 17. Who amongst the following has suggested to the banks in India to give details of fund transfers to customers via SMS/E-mails? A) Reserve Bank of India (RBI). B) India Banks Association (IBA). C) Indian Institute of Banking and Finance. D) Securities and Exchange Board of India. Show Answer Correct Answer: A) Reserve Bank of India (RBI). 18. Credit which is available at low rates of Interest is defined as..... A) Hot money. B) Fiat money. C) Token money. D) Cheap money. Show Answer Correct Answer: D) Cheap money. 19. To use smart cards/debit cards/credit cards for the purchase of an item or for payment of a service at a merchant's store, the card has to be swiped in a terminal known as A) Point of sale terminal. B) Real time terminal. C) Shopping terminal. D) All of the above. Show Answer Correct Answer: A) Point of sale terminal. 20. When was UPI service launched? A) 2016. B) 2017. C) 2018. D) 2019. Show Answer Correct Answer: A) 2016. ← 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