This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 84 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 84 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What do you understand by "Para Banking" services? A) Eligible financial services rendered by bank. B) Utility services provided by bank. C) Services provided through business correspondent. D) Services provided to armed force personnel. Show Answer Correct Answer: A) Eligible financial services rendered by bank. 2. Regional Rural Banks were set-up with A) Reserve Bank of India Act. B) Regional Rural Banks Act, 1976. C) NABARD Act. D) None of the above. Show Answer Correct Answer: D) None of the above. 3. What is the net owned funds of NBFC? A) Rs 7 crore. B) Rs 10 crore. C) Rs 2 crore. D) Rs 5 crore. Show Answer Correct Answer: D) Rs 5 crore. 4. Which of the following organizations/agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? A) Regional Rural & Cooperative Banks. B) RBI. C) Micro Finance Institutions. D) NABARD. Show Answer Correct Answer: D) NABARD. 5. Who formulates the Monetary policy in India? A) Planning commission. B) Finance ministry. C) RBI. D) SEBI. Show Answer Correct Answer: C) RBI. 6. Who among the following acts as agent of Government of India in respect of her membership of IMF? A) Ministry of Finance. B) Reserve Bank of India. C) SEBI. D) NABARD. Show Answer Correct Answer: B) Reserve Bank of India. 7. Fixed deposits and recurring deposits are [IBPS 2011] A) Repayable after an agreed period. B) Repayable on demand. C) Not repayable. D) Repayable after death of depositors. Show Answer Correct Answer: A) Repayable after an agreed period. 8. A Savings Bank Account opened with a commercial bank with zero balance or very minimal balance is known as A) Savings Bank Ordinary account. B) Student Savings Bank account. C) No-Frill account. D) Current account. Show Answer Correct Answer: C) No-Frill account. 9. Capital market is a market for long-term debt and equity shares. It is further divided in to? A) Secondary Market and Bull Market. B) Bull Market and Bell Market. C) Primary Market and Secondary Market. D) Primary Market and Government Cash Bond Market. Show Answer Correct Answer: C) Primary Market and Secondary Market. 10. The Holidays for the Banks are declared as per . A) Reserve Bank Act. B) Banking Regulation Act. C) Negotiable Instruments Act. D) Securities and Exchange Board of India Act. Show Answer Correct Answer: C) Negotiable Instruments Act. 11. The working and operations of NBFCs are regulated by A) SEBI. B) RBI. C) Finance Ministry, GoI. D) IRDA. Show Answer Correct Answer: B) RBI. 12. Which of the following NBFCs is involved in the principal business of infrastructure loan? A) Micro Finance Institution. B) Infrastructure Finance Company. C) Infrastructure Debt Fund. D) CIC-ND-SI. Show Answer Correct Answer: B) Infrastructure Finance Company. 13. How many Scheduled Commercial Banks are there in India? A) 81. B) 89. C) 93. D) 97. Show Answer Correct Answer: C) 93. 14. Chief of RBI is known as..... A) President. B) Chairman. C) Managing director. D) None of these. Show Answer Correct Answer: D) None of these. 15. How much loan limit can be sanctioned by banks to enable the MSME entrepreneurs to avail of their working capital and term loan requirement through Single Window? A) Rs 50 lakh. B) Rs 1crore. C) Rs 25 lakh. D) Rs 10 lakh. Show Answer Correct Answer: B) Rs 1crore. 16. When the rate of inflation increases [IBPS 2011] A) Purchasing power of money increases. B) Purchasing power of money decreases. C) Value of money increases. D) Purchasing power of money remains unaffected. Show Answer Correct Answer: B) Purchasing power of money decreases. 17. When was New Bank of India merged with Punjab National Bank? A) 4 sept 1993. B) 4 sept 1983. C) 1 July 1935. D) 2 October 1995. Show Answer Correct Answer: A) 4 sept 1993. 18. Which of the following is not a public sector bank? A) State of Hyderabad. B) Central Bank of India. C) Regional Rural Bank. D) HDFC Bank. Show Answer Correct Answer: D) HDFC Bank. 19. Which among the following is the correct character of the Foreign Exchange Markets? A) Foreign Exchange markets are localized markets. B) Foreign Exchange markets operate within a country's time zone. C) Foreign Exchange markets are dynamic and round the clock markets. D) Foreign Exchange markets are used only for trade related transactions. Show Answer Correct Answer: C) Foreign Exchange markets are dynamic and round the clock markets. 20. What is the maturity period of Money Market Instruments? A) Less than 15 days. B) Less than 1 year. C) Less than 181 days. D) Less than 90 days. Show Answer Correct Answer: B) Less than 1 year. ← 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