This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 83 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 83 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of these entities surrendered their Payments Bank license? A) Cholamandalam Distribution Services. B) Sun Pharmaceuticals. C) Tech Mahindra. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. As a practice, all banks now deduct some amount from their pre-tax income and set aside in a separate account to create a cushion for the loans which may go bad. This is called: A) CRR. B) SLR. C) Provisioning. D) PLR. Show Answer Correct Answer: C) Provisioning. 3. Which of the following Negotiable Instruments can be crossed to the banks? A) Cheques. B) Bills of Exchange. C) Drafts. D) All of above. Show Answer Correct Answer: B) Bills of Exchange. 4. Which of the following is the largest Credit Rating Agency in India? A) CRISIL. B) ICRA. C) CARE. D) SMERA. Show Answer Correct Answer: A) CRISIL. 5. How many digits are present in IFSC code? A) 9. B) 15. C) 10. D) 11. Show Answer Correct Answer: D) 11. 6. Who manages the Foreign Exchange control in India? A) RBI. B) SEBI. C) NABARD. D) Central Government. Show Answer Correct Answer: A) RBI. 7. The minimum paid-up capital requirement at present for new Private Bank in India is..... A) RS. 100 crore. B) RS. 200 crore. C) RS. 500 crore. D) RS. 600 crore. Show Answer Correct Answer: C) RS. 500 crore. 8. Which panel is scrutinizing applications for new bank licences. A) P Chidamabram. B) C.N.R. Rao Panel. C) Bimal Jalan Panel. D) Raghuram Rajan. Show Answer Correct Answer: C) Bimal Jalan Panel. 9. KYC guidelines have been issued under which section of Banking Regulation ACT 1949? A) Section 35 A. B) Section 45. C) SECTION 36 A. D) Section 123 B. Show Answer Correct Answer: A) Section 35 A. 10. In Union Budget 2014-15, Exemption limits on income tax raised from . A) Rs. 2 lakh to Rs. 2.5 lakh. B) Rs. 2 lakh to Rs. 3 lakh. C) Rs. 3 lakh to Rs. 3.5 lakh. D) Rs. 2 lakh to Rs. 3.5 lakh. Show Answer Correct Answer: A) Rs. 2 lakh to Rs. 2.5 lakh. 11. Which state the Vananchal Gramin Bank belongs to? A) Jharkhand. B) Madhya Pradesh. C) Chhattisgarh. D) Bihar. Show Answer Correct Answer: A) Jharkhand. 12. What is the function of Board for Financial Supervision (BFS)? A) Supervision of the financial sector. B) Supervision of all types of payment and settlement systems. C) Appointing the directors of scheduled banks. D) All of the above. Show Answer Correct Answer: A) Supervision of the financial sector. 13. During the first nine months of the financial year 2013-14, India's exports registered the growth of A) 2.98%. B) 5.94%. C) -4.76%. D) -0.0594. Show Answer Correct Answer: B) 5.94%. 14. Reserve Bank of India (RBI) on 15 January 2014 included two countries in the sensitive list under FEMA Act, 200 0. The countries in question are A) Iran and China. B) Hong Kong and Macau. C) Syria and Sudan. D) Israel and Libya. Show Answer Correct Answer: B) Hong Kong and Macau. 15. Which of the following are characteristics of Treasury Bills? A) Short-term financial instruments. B) Widely traded on the discount market. C) Highly liquid securities. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. What is the name of the proposed airline of Tata-SIA Airlines Limited (TSAL), a jointventure between Tata Group and Singapore International Airlines (SI) A) Vistara. B) Margaret. C) Tata-SIA. D) Legard. Show Answer Correct Answer: A) Vistara. 17. Cash Deposit Ratio means..... A) The percentage of total cash money received as deposits by banks. B) The percentage of cash in hand balance with central bank to the aggregate deposits. C) The percentage of cash in hand with amount of loan given to customer. D) The percentage of assets to liabilities of bank. Show Answer Correct Answer: B) The percentage of cash in hand balance with central bank to the aggregate deposits. 18. Hindu Rate of Growth refers to the rate of growth of A) GDP. B) Population. C) Foodgrains. D) Per Capita income. Show Answer Correct Answer: A) GDP. 19. Full Form of "CDR" A) Commercial Debt Recovery. B) Corporate Debt Restructuring. C) Credit Debit Rate. D) Currency Default Ratio. Show Answer Correct Answer: B) Corporate Debt Restructuring. 20. How much money can Residents of India tremit upto? A) $ 3, 50, 000. B) $ 4, 00, 000. C) $ 2, 00, 000. D) $ 2, 50, 000. Show Answer Correct Answer: D) $ 2, 50, 000. ← 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