This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 77 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 77 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Bank of Japan (BOJ) and the Reserve Bank of India (RBI) recently agreed to expand the amount of the Bilateral Swap Agreement (BSA) to A) 15 billion dollars. B) 35 billion dollars. C) 50 billion dollars. D) 75 billion dollars. Show Answer Correct Answer: C) 50 billion dollars. 2. Which of the following efforts fall under Financial inclusion plan of RBI/Government? A) Nationalization of banks. B) Public Sector Lending targets. C) Zero Balance accounts. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. National Food for Work Programme was launched in..... A) 2004. B) 2010. C) 2001. D) 2008. Show Answer Correct Answer: A) 2004. 4. Which of the following is NOT a source of funds of a commercial bank? A) Capital. B) Call money. C) Deposits. D) Cash reserves with RBI. Show Answer Correct Answer: D) Cash reserves with RBI. 5. The first public sector bank in India which obtained license for Internet Banking from RBI is..... A) Punjab National Bank. B) Oriental Bank of Commerce. C) Corporation Bank. D) State Bank of India. Show Answer Correct Answer: A) Punjab National Bank. 6. These days RBI uses Selective credit control measures rather infrequently because of: A) Deregulation of functions. B) Autonomy given to banks. C) Comfortable liquidity. D) All the above. Show Answer Correct Answer: D) All the above. 7. All Inter-Bank Funds Transfer System, where funds are transferred as and when the transactions are triggered, is called A) Internet banking. B) Mobile banking. C) Bill payment service. D) Real time gross settlement. Show Answer Correct Answer: D) Real time gross settlement. 8. Mortgage is a [IBPS 2011] A) Security on movable property for a loan given by a bank. B) Security on immovable property for a loan given by a bank. C) Concession on immovable property for a loan given by a bank. D) Facility on immovable property for a loan given by a bank. Show Answer Correct Answer: B) Security on immovable property for a loan given by a bank. 9. MSME is defined under which act? A) MSMED Act, 2006. B) MSME Act, 2001. C) MSMED Act, 1999. D) MSME Act, 2004. Show Answer Correct Answer: A) MSMED Act, 2006. 10. The usual deposit accounts of banks are [IBPS 2011] A) Current accounts, electricity accounts and insurance premium accounts. B) Current accounts, post office savings bank accounts and term deposit accounts. C) Loan accounts, savings bank accounts and term deposit accounts. D) Current accounts, savings bank accounts and term deposit accounts. Show Answer Correct Answer: D) Current accounts, savings bank accounts and term deposit accounts. 11. Non Performing Assets are those assets which are overdue for a period of more than? A) 90 days in interest and/or installment in term of loan. B) 90 days out of order in case of over draft/cash credit. Bills purchased and Bills discounted. C) 2 harvest seasons for advances for cultivation of short duration crops. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. What was the primary objective of Sukhmoy Chakravarty Committee formed in 1982? A) To form guidelines for opening of Private Sector Banks. B) To consider merging of all cooperative banks. C) To assess the functioning of the Indian Monetary system. D) None of the above. Show Answer Correct Answer: C) To assess the functioning of the Indian Monetary system. 13. Bank draft is a..... A) Letter from the bank. B) Cheque which a bank draws itself. C) Instruction to a banker to collect a customer's debt. D) Instruction not to honour a stop payment. Show Answer Correct Answer: B) Cheque which a bank draws itself. 14. When banks make advances to limited companies against their assets, the required forms are to be presented to the Registrar companies within.....from the date of execution. A) 21 days. B) 30 days. C) 1 month. D) 2 months. Show Answer Correct Answer: B) 30 days. 15. Banking Ombudsman is a senior official appointed by the RBI to redress customer complaint specified under which clause of the Banking Ombudsman Scheme 2006? A) Clause 7. B) Clause 6. C) Clause 8. D) Clause 5. Show Answer Correct Answer: C) Clause 8. 16. Which of the following are loans of very small amounts given to low income groups or poor household? A) Simple credit. B) Rural credit. C) Micro credit. D) No Frills Loan. Show Answer Correct Answer: C) Micro credit. 17. What is the primary objective of DICGC? A) Protect the interest of small depositors. B) Protect the bank to fail. C) Protect the large corporate from going bankrupt. D) All of the above. Show Answer Correct Answer: A) Protect the interest of small depositors. 18. The basic aim of Lead Bank Scheme is that A) Big banks should try to open offices in each district. B) There should be stiff competition among the various nationalised banks. C) Individuals banks should adopt particular districts for intensive development. D) All the banks should make intensive efforts to mobilise deposits. Show Answer Correct Answer: C) Individuals banks should adopt particular districts for intensive development. 19. Which one of the following is not an objective of fiscal policy of Indian Government? A) Full employment. B) Regulation of Inter-State-trade. C) Price stability. D) Equitable distribution of wealth & income. Show Answer Correct Answer: B) Regulation of Inter-State-trade. 20. An Indian citizen can open a Savings Account in which of the following? A) SIDBI. B) RBI. C) NABARD. D) A Private Sector Bank. Show Answer Correct Answer: D) A Private Sector 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