This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 80 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 80 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The financial assets in the NBFC factoring business should constitute what percent of its total assets? A) 75%. B) 50%. C) 100%. D) 25%. Show Answer Correct Answer: A) 75%. 2. Which of the following is regarded as the fourth element of the financial system? A) Financial institutions. B) Financial instruments. C) Financial services. D) Financial markets. Show Answer Correct Answer: C) Financial services. 3. SEBI Mutual Fund Regulations came up in which of the following years? A) 1992. B) 1996. C) 1994. D) 1984. Show Answer Correct Answer: B) 1996. 4. Which of these is a Financial Inclusion scheme that was launched in 2014? A) Pradhan Mantri Sampada Yojna. B) Bharat Nirman. C) Pradhan Mantri Jan Dhan Yojana. D) All of the above. Show Answer Correct Answer: C) Pradhan Mantri Jan Dhan Yojana. 5. (The figures in this questions are imaginary). We suppose that Cash Reserve Ratio (CRR) in country's economy is 10% . The banking system wish a cash deposits of Rs. 1000 Crore, creates total deposits of Rs. 10, 000 Crores. The Reserve Bank wishes that bank should create more deposits. Which among the following step will be taken by the Reserve Bank? A) It will lower the Cash Reserve Ratio. B) It will raise the Cash Reserve Ratio. C) It will increase the Margin Requirements. D) It will start selling Government Securities. Show Answer Correct Answer: A) It will lower the Cash Reserve Ratio. 6. Interest rates on which of the following deposit schemes is fixed by the Reserve Bank of India? [Corporation Bank 2011] A) Fixed deposits above five years' maturity. B) Recurring deposits. C) Savings bank. D) Flexi Deposit scheme. Show Answer Correct Answer: C) Savings bank. 7. What should be the minimum net worth of a company to get registered as Infrastructure Finance Company? A) Rs 250 crore. B) Rs 350 crore. C) Rs 300 crore. D) Rs 100 crore. Show Answer Correct Answer: C) Rs 300 crore. 8. Who have the largest share of world trade? A) European Union, USA. B) Japan. C) Canada. D) All of these. Show Answer Correct Answer: D) All of these. 9. Which of these is not a parabanking activity? A) Asset Management. B) Cash Withdrawal. C) Insurance Business. D) None of the above. Show Answer Correct Answer: B) Cash Withdrawal. 10. As per the reports published in various journals and newspapers, the "small borrowers" in rural areas still prefer to take informal route for their credit needs. Which of the following is the "informal route" of credit in the financial sector? [Punjab & Sindh 2011] A) Credit cards. B) Loan against gold from financial institute. C) Debit cards. D) Money lender. Show Answer Correct Answer: D) Money lender. 11. Which of the following is also known as Prepaid Debit cards? A) Loadable Debit Cards. B) Reloadable Debit Cards. C) Relational Debit Cards. D) None of The Above. Show Answer Correct Answer: B) Reloadable Debit Cards. 12. As per the reports published by the World Bank, what percentage of Indian population lives below the new International Poverty Line? A) 30%. B) 62%. C) 52%. D) 0.42. Show Answer Correct Answer: D) 0.42. 13. What are the funds that are set aside by the banks as fraction to the loans known as? A) NPA Coverage Ratio. B) Loan Default Ratio. C) Provisioning Coverage Ratio. D) Credit Exposure Ratio. Show Answer Correct Answer: C) Provisioning Coverage Ratio. 14. Which of the following is the Regulator of the credit rating agencies in India? A) RBI. B) SBI. C) SIDBI. D) SEBI. Show Answer Correct Answer: D) SEBI. 15. The International monetary fund (IMF) is an organization of.....countries A) 237. B) 126. C) 188. D) 430. Show Answer Correct Answer: C) 188. 16. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India? A) 17. B) 19. C) 21. D) 22. Show Answer Correct Answer: D) 22. 17. Infrastructure loan is extended by which of the following? A) NBFC. B) RBI. C) SEBI. D) NABARD. Show Answer Correct Answer: A) NBFC. 18. Under which Section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue? A) 20. B) 22. C) 25. D) 28. Show Answer Correct Answer: B) 22. 19. How many entities were granted provisional license by RBI to convert into Small Finance Bank in 2015? A) 8. B) 10. C) 12. D) 25. Show Answer Correct Answer: B) 10. 20. Ten-rupee notes contain the signature of A) Finance Secretary, GOI. B) Chairman, State Bank of India. C) Governor, Reserve Bank of India. D) Finance Minister, GOI. Show Answer Correct Answer: C) Governor, Reserve Bank of India. ← 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