This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 81 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 81 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Where is the headquarters of the International Monetary Fund (IMF)? A) Geneva. B) Paris. C) London. D) Washington DC. Show Answer Correct Answer: D) Washington DC. 2. Many times we read a term CBS used in banking operation. What is the full form of the letter 'C' in the term 'CBS'? [Corporation Bank 2011] A) Core. B) Credit. C) Continuous. D) Complete. Show Answer Correct Answer: A) Core. 3. What is current coverage of bank account of population (approx)? A) 60%. B) 80%. C) 40%. D) 50%. Show Answer Correct Answer: C) 40%. 4. Which award is given for an Outstanding Woman Reporter in India? A) Chameli Devi Jain Award. B) Padma Shree Award. C) Patrakarita Award. D) Mahila Patrakar Award. Show Answer Correct Answer: A) Chameli Devi Jain Award. 5. The State Co-operative Bank, being the Apex Bank at the state level A) Operates as a balancing centre for the movement of the resources in the entire state. B) Acts as the custodian of the surplus resources and the reserves of the central co-operative banks and supplements them by attracting sizeable deposits and by obtaining loans from RBI. C) Provides the link between the RBI and the money market on one hand and the entire co-operative credit structure, on the other. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Since, acceptance of deposits and granting of loans are the two general functions of a bank, the relationship arising out of these two main activities is known as A) Principal and agent relationship. B) Financer and financee relationship. C) Bailor and bailee relationship. D) General relationship. Show Answer Correct Answer: D) General relationship. 7. In the first round 14 major banks with a liability base of.....were nationalized A) 10 crore or more. B) 20 crore or more. C) 50 crore or more. D) 100 crore or more. Show Answer Correct Answer: C) 50 crore or more. 8. When was the National Housing Bank Act passed? A) 1976. B) 1987. C) 1996. D) 1970. Show Answer Correct Answer: B) 1987. 9. If the customer can do all transactions only in a branch and the branch has no online access, it is called A) Online Banking. B) Virtual Banking. C) Brick and Mortar Banking. D) None of These. Show Answer Correct Answer: C) Brick and Mortar Banking. 10. Industrial exit policy means..... A) Forcing foreign companies to leave India. B) Forcing business units to move out of congested localities. C) Allowing manufactures to shift their line products. D) Allowing business units to close down. Show Answer Correct Answer: D) Allowing business units to close down. 11. The Union Govt. recently launched a web portal for enabling government-citizen discussions on several issues. What is the name of this portal which was inaugurated by Prime Minister Narendra Modi? A) MyGov. B) MineGov. C) MeriGov. D) MyGovern. Show Answer Correct Answer: A) MyGov. 12. Govt's Income from issuance of note is part of..... A) Tax Revenue Receipts. B) Non tax Revenue. C) Capital Receipts. D) None of these. Show Answer Correct Answer: D) None of these. 13. Many times we read in financial newspapers about the performance of the "core sectors" in Economy. Which of the following is NOT included in the core sector of the same? A) Coal. B) Auto sector. C) Steel. D) Cement. Show Answer Correct Answer: B) Auto sector. 14. .....is a financial institution which mobilises savings from the people and invests then in a mix of corporate and government securities. A) Commercial Bank. B) Mutual Fund. C) Unit Bank. D) Correspondent Bank. Show Answer Correct Answer: B) Mutual Fund. 15. How much percent of SHG consists exclusively of women? A) 90%. B) 50%. C) 80%. D) 60%. Show Answer Correct Answer: A) 90%. 16. How many forms are taken by sinking of fund retirement? A) One form. B) Two forms. C) Three forms. D) Ten forms. Show Answer Correct Answer: B) Two forms. 17. As per the direction of RBI on 29 October 2013, the banks can pay rate of interest on Fixed deposits'? A) At intervals shorter than quarterly intervals also. B) Pay on quarterly basis alone. C) On half yearly basis only. D) As per the direction of government of India. Show Answer Correct Answer: A) At intervals shorter than quarterly intervals also. 18. Which of the following terms is used in the field of banking and finance? A) Investment. B) Genetics. C) Resistance. D) Metabolic Reaction. Show Answer Correct Answer: A) Investment. 19. Who regulates the District Central Cooperative Banks in India? A) RBI. B) State Government. C) Central Government. D) SEBI. Show Answer Correct Answer: A) RBI. 20. KYC guidelines followed by the banks have been framed on the recommendations of the [Indian Overseas Bank 2011] A) Ministry of Home Affairs. B) Ministry of Rural Development. C) Indian Banks Association. D) Reserve Bank of India. Show Answer Correct Answer: D) 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