This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 78 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 78 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When was National Investment and Infrastructure Fund created? A) 2011. B) 2015. C) 2012. D) 2014. Show Answer Correct Answer: B) 2015. 2. Which of the following is/was NOT included in the agenda set for the Banking Reforms in India? [Andhra Bank 2011] A) Dismantling of administered interest rates. B) Measures to strengthen risk management. C) Promulgation of SARFAESI Act. D) Promotion of the concept of easy credit to all with a guaranteed subsidy from the Govt. Show Answer Correct Answer: D) Promotion of the concept of easy credit to all with a guaranteed subsidy from the Govt. 3. Under the Negotiable Instrument Act, 1881, an instrument which is incomplete in some respects, is called a/an A) Foreign instrument. B) Inland instrument. C) Inchoate instrument. D) Ambiguous instrument. Show Answer Correct Answer: C) Inchoate instrument. 4. What is the status of Interest rate on Personal Loans as compared to the Home and Car Loans? A) Higher than Home and Car Loans. B) Lower than Home and Car Loans. C) Equal to Home and Car Loans. D) Can not be compared. Show Answer Correct Answer: A) Higher than Home and Car Loans. 5. When was SBI established? A) 1st April, 1935. B) 31st July, 1969. C) 5th May, 1955. D) 1st July, 1955. Show Answer Correct Answer: D) 1st July, 1955. 6. The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for recovery of loans which have become NPAis not applicable to: A) Private Banks. B) Non-Banking Financial Companies. C) Financial Institutes of the Govt. D) Public Sector banks. Show Answer Correct Answer: B) Non-Banking Financial Companies. 7. The appointments of Banking Ombudsman will be carried out by which of the following? A) Finance Ministry. B) RBI. C) Govt. of India. D) SEBI. Show Answer Correct Answer: B) RBI. 8. The GDP is the value of all final goods and services produced A) Within the nations boundaries. B) By domestically owned companies. C) By citizens of the country. D) By domestically controlled companies. Show Answer Correct Answer: A) Within the nations boundaries. 9. What does BHIM stand for? A) Bharat Instant Money Transfer. B) Bharat Interface for Money. C) Bank Hotline Instant Money. D) Banking Hit Instant Money. Show Answer Correct Answer: B) Bharat Interface for Money. 10. Which of the following organization finance the Rural Infrastructure Development Fund? A) NABARD. B) SEBI. C) SIDBI. D) RBI. Show Answer Correct Answer: A) NABARD. 11. Which of the following is not included in Indian Economy? A) $M_1$. B) $M_2$. C) $M_3$. D) Both $M_1$ and $M_3$. Show Answer Correct Answer: B) $M_2$. 12. Which of the following is the popular name of the norms by which a bank satisfies itself about the customer's identity and activities? A) Basel norms. B) KYC norms. C) Service norms. D) Lending norms. Show Answer Correct Answer: B) KYC norms. 13. Which of the following include the primary structure of the Mutual Funds? A) Open-end funds. B) Unit Investment Trusts. C) Exchange traded Funds. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 14. Which was the first Indian bank to provide Internet Banking Facility in India? A) HDFC. B) ICICI. C) SBI. D) Axis. Show Answer Correct Answer: B) ICICI. 15. Credit Cards are a convenient substitute for which of the following? A) Cash. B) Cheque. C) Both A and B. D) None of The Above. Show Answer Correct Answer: C) Both A and B. 16. Which of the following policies is known as Annual Policy Statement? A) Annual budget of Central Govt. B) Credit and monetary policy of RBI. C) Foreign trade policy of DGFT. D) Regulations issued by SEBI. Show Answer Correct Answer: B) Credit and monetary policy of RBI. 17. All of the following are useful options for the government to pursue to bolster foreign exchange reserves, except to A) Impose exchange controls. B) Impose export controls. C) Adjust the exchange rate. D) Permit a free floating exchange rate. Show Answer Correct Answer: D) Permit a free floating exchange rate. 18. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/markets? A) Capital Market. B) Banking industry. C) Commodities market. D) Money Market. Show Answer Correct Answer: B) Banking industry. 19. Financial Inclusion means provision of which of the following? A) Financial services like payments, remittances, savings, loans, etc at affordable cost. B) Ration at affordable cost. C) House at affordable cost. D) Education at affordable cost. Show Answer Correct Answer: A) Financial services like payments, remittances, savings, loans, etc at affordable cost. 20. Which of the following is not the type of credit reporting institutions? A) Credit Bureau. B) Credit Agencies. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. ← 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