This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 79 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 79 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this 'Base rate' for banks? A) Individual Banks' Board. B) Ministry of Commerce. C) Ministry of Finance. D) RBI. Show Answer Correct Answer: A) Individual Banks' Board. 2. The head office of the Unique Identification Authority of India is located in A) Bangalore. B) Mumbai. C) New Delhi. D) Chennai. Show Answer Correct Answer: C) New Delhi. 3. What do you understand by 'Para Banking' services? [Allahabad Bank 2011] A) Eligible financial services rendered by banks. B) Utility services provided by banks. C) Services provided through business correspondents. D) Services provided to armed force personnel. Show Answer Correct Answer: A) Eligible financial services rendered by banks. 4. Indian Parliament recently has passed the bill to empower SEBI to act against ponzi operators and market manipulators more effectively. What is the name of this bill? A) The Securities Law (Amendment) Bill, 2014. B) Judicial Appointments Commission Bill, 2014. C) The Constitution Bill, 2014. D) The Banking Law, 2014. Show Answer Correct Answer: A) The Securities Law (Amendment) Bill, 2014. 5. The general approach to the loaning policies and procedures of co-operative banks has been to A) Implement the crop loan system in all its aspects. B) Allow only long-term loans to the farmers extending beyond 20 years for development on land. C) Finance for research and upgradation of agricultural inputs like seeds, manure, implements etc. D) Provide a window for marketing of agricultural produce. Show Answer Correct Answer: A) Implement the crop loan system in all its aspects. 6. One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts has been passed to prevent this activity? A) Payment and Settlements Act. B) Banking Regulation Act. C) Negotiable Instruments Act. D) Prevention of Money Laundering Act. Show Answer Correct Answer: D) Prevention of Money Laundering Act. 7. Which of the following is not a reason for demand pull inflation? A) Shortage of consumer goods. B) More exports. C) Economic growth. D) Less import. Show Answer Correct Answer: A) Shortage of consumer goods. 8. Which of the following constitute the code of conduct for merchant bankers as stipulated by SEBI? A) Maintenance of high degree of standards of integrity and fairness in dealings. B) Providing true and adequate information to investors and abide by the provisions of various acts, rules and regulation etc. C) Ethical conduct of business and provision of information to customers in respect of code. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. ICICI provides financial assistance to A) Small-scale industries. B) Medium-scale industries. C) Large-scale industries. D) All of the above. Show Answer Correct Answer: C) Large-scale industries. 10. AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for A) Authority of Mutual Funds in India. B) Association of Mutual Funds in India. C) Amalgamation of Mutual Funds in India. D) Association of Mutual Finance in India. Show Answer Correct Answer: B) Association of Mutual Funds in India. 11. Which of the following is not a part of the scheduled banking structure in India? [Corporation Bank 2011] A) Money Lenders. B) Public Sector Banks. C) Private Sector Banks. D) Regional Rural Banks. Show Answer Correct Answer: A) Money Lenders. 12. FCNR accounts can be opened and maintained as..... A) Savings Bank Account. B) Term Deposit Accounts. C) Recurring Deposits. D) Current Accounts. Show Answer Correct Answer: C) Recurring Deposits. 13. Smart card has been introduced on the recommendations of which committee among the following? A) Rangarajan committee. B) Panneerselvam committee. C) Saraf committee. D) Nayak committee. Show Answer Correct Answer: C) Saraf committee. 14. Which of the following taxes/cess is levied by States in India? A) Tax on motor vehicles. B) Educational cess. C) Tax on hotels. D) All of these. Show Answer Correct Answer: D) All of these. 15. Which of the following is not the feature of FEMA? A) There is a simplification of Foreign Exchange Transactions. B) There was a discharge provisions of criminal proceedings in case of default cases. C) It came into force on 01.01.2004. D) None of the Above. Show Answer Correct Answer: B) There was a discharge provisions of criminal proceedings in case of default cases. 16. Very often we see in the advertisements published by Financing Institutes/Agencies stating the their products are given high or average Ratings. These Rating Agencies classify bonds/investments into how many categories? A) Only 1. B) Only 2. C) Only 3. D) All the above. Show Answer Correct Answer: D) All the above. 17. Which one of the following is not a 'Money Market Instrument'? A) Treasury Bills. B) Commercial Paper. C) Certificate of Deposit. D) Equity Shares. Show Answer Correct Answer: D) Equity Shares. 18. The Government of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 201 5. Which of the following is NOT one of those goals? A) Improve mental health. B) Combat HIV/AIDS, Malaria. C) Reduce marriageable age for males to 18 years. D) Promote gender equality and empower women. Show Answer Correct Answer: C) Reduce marriageable age for males to 18 years. 19. Which amongst the following banks used Tiny Cards with biometric identification as a part of the financial inclusion? A) SBI. B) PNB. C) ICICI. D) Axis. Show Answer Correct Answer: A) SBI. 20. Which of the following taxes was levied on the buying/selling of various commodities on recognised exchanges in India? (It is withdrawn now). A) Fringe Benefit Tax. B) Value Added Tax. C) Central Sales Tax. D) Securities Transaction Tax. Show Answer Correct Answer: A) Fringe Benefit Tax. ← 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