This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not a part of the scheduled banking structure in India? A) Public Sector Banks. B) Moneylenders. C) Private Sector Banks. D) Regional Rural Bank. Show Answer Correct Answer: B) Moneylenders. 2. Who among the following has created the Logo of Aadhar Card? A) AtUl sudhakarrao pandey. B) Nandan Nileknai. C) R Chandra Shekhar. D) None of the Above. Show Answer Correct Answer: A) AtUl sudhakarrao pandey. 3. Kisan Credit Card (KCC) scheme introduced in.....has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. A) 1998. B) 2000. C) 2001. D) 1991. Show Answer Correct Answer: A) 1998. 4. Which of the Followings are not the Negotiable Instruments as defined by the Statute (law)? A) Banker's Note. B) Promissory Note. C) Bill of Exchange. D) Cheques Answer. Show Answer Correct Answer: A) Banker's Note. 5. Which of the following are the ways to repay the personal loan? A) Equated Monthly Installments via Cheques. B) Electronic Clearing Services. C) Cash. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 6. Which of the following steps should be taken by investor who wishes to form a portfolio that lies to the right of the optimal risky portfolio on the Capital Allocation Line? A) Lend some of her money at the risk-free rate and invest the remainder in the optimal risky portfolio. B) Borrow some money at the risk-free rate and invest in the optimal risky portfolio. C) Such a portfolio cannot be formed. D) None of the above. Show Answer Correct Answer: B) Borrow some money at the risk-free rate and invest in the optimal risky portfolio. 7. Banking Ombudsman may award compensation to the complainant for mental agony and harassment upto how much amount? A) 1 lakh. B) 2 lakh. C) 3 lakh. D) 5 lakh. Show Answer Correct Answer: A) 1 lakh. 8. Enumerate the main functions of a banker as per banking regulations act. 1949? A) Accepting deposit of money. B) Advancing of loans. C) Issuance of letters of credits. D) Above all. Show Answer Correct Answer: D) Above all. 9. Which of the following clearly define Direct Housing Finance? A) It refers to the finance provided to individuals or groups of individual including co-operative societies. B) It is channeled by the way of terms of loans to housing finance institutions, housing boards etc. C) Bank finance extended to a person who is already owning a house in the town of village. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 10. Special drawing right is an international practice of drawing funds. Which of the following institutions control this special finding facility? A) World Bank. B) Asian Development Bank. C) Federal Reserve. D) European Common Market. Show Answer Correct Answer: A) World Bank. 11. What is the type of banking which involves banking services for high net-worth clients like corporate, commercial banks, mid-size companies etc? A) Retail Banking. B) Wholesale Banking. C) Narrow Banking. D) Merchant Banking. Show Answer Correct Answer: B) Wholesale Banking. 12. Under provisions of which one of the following Acts does the RBI issue directives to the Banks in India? A) RBI Act. B) Banking Regulation Act. C) Essential Commodities Act. D) RBI and Banking Regulation Act. Show Answer Correct Answer: D) RBI and Banking Regulation Act. 13. Current Account Deficit on the Balance of payment reflects..... A) Deficit on Trade Account . B) Deficit on Invisibles Account. C) Deficit on Trade and Invisibles Account. D) Deficit onTrade Invisibles and Capital Account. Show Answer Correct Answer: C) Deficit on Trade and Invisibles Account. 14. What should be the equity participation by the NBFC of the IDF? A) 50-60%. B) 10-20%. C) 25-35%. D) 30-49%. Show Answer Correct Answer: D) 30-49%. 15. The term 'Smart Money" refers to.....[IBPS 2012] A) Foreign Currency. B) Internet Banking. C) US Dollars. D) Credit Cards. Show Answer Correct Answer: D) Credit Cards. 16. In which year, Credit Guarantee Corporation created? A) 1975. B) 1971. C) 1975. D) 2001. Show Answer Correct Answer: B) 1971. 17. Where was the first society under Cooperative Societies Act 1904 registered in India? A) Madurai. B) Kanjipoorum. C) Gaya. D) Panaji. Show Answer Correct Answer: B) Kanjipoorum. 18. Regional Rural Banks are classified under..... A) Land mortgage Banks. B) Co-operative Banks. C) Commercial Banks. D) Public sector Banks. Show Answer Correct Answer: D) Public sector Banks. 19. All venture Capital Funds must be registered with A) RBI. B) SEBI. C) Registrar of Companies. D) Either A and B. Show Answer Correct Answer: B) SEBI. 20. Interest Rate payable on Saving Bank account is A) Regulated by RBI. B) Regulated by State Government. C) Regulated by Central Government. D) Not regulated by RBI. Show Answer Correct Answer: D) Not regulated by RBI. ← 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 9Banking Affairs Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books