This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 82 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 82 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Regional Rural Banks carry on normal banking business as defined in A) Reserve Bank of India Act. B) Banking Regulation Act, 1949. C) Regional Rural Bank Act, 1949. D) Companies Act, 1956. Show Answer Correct Answer: B) Banking Regulation Act, 1949. 2. Which of the following is used for International Monetary Transfer? A) RTGS. B) NEFT. C) SWIFT. D) None of these. Show Answer Correct Answer: C) SWIFT. 3. When we talk of smart money what are we referring to? A) Foreign currency. B) Internet banking. C) Credit cards. D) Treasury bills. Show Answer Correct Answer: C) Credit cards. 4. Which country has the highest Foreign Assets Reserves in the world? A) China. B) Australia. C) USA. D) India. Show Answer Correct Answer: A) China. 5. Onthe current account, balancesmaintained by the Regional Rural Banks (RRBs) with them, the commercial banks may A) Pay interest up to 9%. B) Waive incident charges. C) Pay interest as applicable to savings accounts. D) Pay interest as such rates as may be mutually agreed to. Show Answer Correct Answer: A) Pay interest up to 9%. 6. Cryptocurrency is a..... A) Plastic Money. B) Digital Medium of Exchange. C) Digital payment. D) Both A & B. Show Answer Correct Answer: B) Digital Medium of Exchange. 7. Which of the following are included/excluded in determining reasonable time for the purpose of payment of a negotiable instrument? A) Public holidays are included. B) Public holidays are excluded. C) Only the holidays observed by the banks are excluded. D) None of the above. Show Answer Correct Answer: B) Public holidays are excluded. 8. Bank of America situated at New York is opening an account with State Bank of India at Kolkatta and what do you mean this? A) Nostro account. B) Vostro account. C) Loro account. D) RFC account. Show Answer Correct Answer: B) Vostro account. 9. SLR is maintained as a percentage of A) Time liabilities. B) Demand liabilities. C) Net demand and time Liabilities. D) Time and Demand liabilities. Show Answer Correct Answer: C) Net demand and time Liabilities. 10. .....was not nationalized in 1969 A) Punjab National Bank. B) Oriental Bank of commerce. C) Bank of Baroda. D) Union Bank of India. Show Answer Correct Answer: B) Oriental Bank of commerce. 11. For which of the following reasons are Basel-II norms to be followed by Commercial Banks? A) Risk management. B) Adoption of international accounting standards. C) Restriction on bonus payments to bank executives. D) Transparency in disclosures. Show Answer Correct Answer: A) Risk management. 12. Which section of the RBI allows the RBI to provide loans to banks and state financial corporations? A) 17. B) 18. C) 19. D) 20. Show Answer Correct Answer: A) 17. 13. Legal Tender Money is..... A) Accepted only by the Government. B) Accepted by the people and the Government as per the law. C) Not accepted for business purposes by the law. D) Not accepted by the government. Show Answer Correct Answer: B) Accepted by the people and the Government as per the law. 14. The approximate amount of gold is how much of the total value of Forex Reserves in India? A) 5%. B) 7%. C) 93%. D) 50%. Show Answer Correct Answer: A) 5%. 15. Which of the following types of corporate loans are known as balloon loans? A) Short-term Loans. B) Intermediate term Loans. C) Long term Loans. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 16. Which of the following is the principle business carried out by NBFC? A) Hire purchasing finance. B) Housing finance. C) Investment and loan. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. What is not true about Payment bank? A) It cannot issue loans. B) It can accept deposits. C) It can issue credit cards. D) None of the above. Show Answer Correct Answer: C) It can issue credit cards. 18. Section 14 of Banking Regulation Act, 1949 A) Prohibits a banking company from creating a charge upon any unpaid capital of the company. B) Contains a system of licensing of banks by the RBI. C) Provides that the subscribed capital of a banking company should not be less than one-half of its authorised capital. D) All of the above. Show Answer Correct Answer: A) Prohibits a banking company from creating a charge upon any unpaid capital of the company. 19. Fixed deposits can have A) Nomination facility. B) Nomination facility with the permission of Bank Chairman. C) Nomination facility by taking special permission from bank. D) Nomination facility on the day of closing. Show Answer Correct Answer: A) Nomination facility. 20. Ministry of Communications and IT has launched a social security scheme the Service Discharge Benefit Scheme (SDBS)..... A) To provide financial security to Gramin Dak Sevaks. B) To provide insurance for the rural poor. C) To provide risk cover for the urban slums. D) To provide financial assistance for the gram panchayats. Show Answer Correct Answer: A) To provide financial security to Gramin Dak Sevaks. ← 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