This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 85 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 85 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the State of India, the State Financial Corporation have given assistance mainly to develop A) Agricultural farms. B) Cottage industry. C) Large-scale industries. D) Medium and small-scale industries. Show Answer Correct Answer: D) Medium and small-scale industries. 2. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to? A) 74%. B) 47%. C) 57%. D) 72%. Show Answer Correct Answer: A) 74%. 3. FIMMDA stands for A) Foreign Investment Markets and Derivatives Market Association. B) Fixed Income Money Markets and Derivatives Association. C) Fixed Income and Money Market Development Association. D) Floating Income and Money Markets Derivative Assets. Show Answer Correct Answer: B) Fixed Income Money Markets and Derivatives Association. 4. An average citizen cannot open a Savings account in which of the following? A) Commercial bank. B) Post office. C) Co-operative bank. D) RBI. Show Answer Correct Answer: D) RBI. 5. With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country: A) Will. B) Registration. C) Nomination. D) Indemnity. Show Answer Correct Answer: C) Nomination. 6. ICICI is the name of a A) Chemical industry. B) Bureau. C) Corporation. D) Financial institution. Show Answer Correct Answer: D) Financial institution. 7. Which organisation will authorise the Bharat Bill Payment Operating Units in the BBPS? A) Finance Ministry. B) RBI. C) SEBI. D) NOCI. Show Answer Correct Answer: B) RBI. 8. What is the name of the central bank of Germany? A) German State Bank. B) Deutsche Bundesbank. C) Bayerische Landesbank. D) HypoVereinsbank. Show Answer Correct Answer: B) Deutsche Bundesbank. 9. What is the banking known as when a group of persons come together to own and control three or more independently chartered banks? A) Chain banking. B) Unit banking. C) Merchant banking. D) None of the above. Show Answer Correct Answer: A) Chain banking. 10. What is the time period for the long duration crops to be termed as NPA? A) 90 days. B) 1 crop season. C) 2 crop seasons. D) 180 days. Show Answer Correct Answer: B) 1 crop season. 11. The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country A) England. B) USA. C) France. D) Switzerland. Show Answer Correct Answer: D) Switzerland. 12. At which rate the RBI lends short-term money to the bank? A) PLR. B) CRR. C) Repo rate. D) Reverse repo rate. Show Answer Correct Answer: C) Repo rate. 13. Which of the following organisations/agencies has established a fund known as Investor Protection Fund? A) RBI. B) SIDBI. C) Bombay Stock Exchange. D) Ministry of Finance. Show Answer Correct Answer: A) RBI. 14. Who manages the registration and management activities of Urban co-operative banks in India? A) RBI. B) NABARD. C) RCS. D) None of the above. Show Answer Correct Answer: C) RCS. 15. Which of the following is included in payment system of PSS Act? A) Clearing. B) Payment. C) Settlement service. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. Baroda Gift Card can be used for transactions at which of the following? A) POS only. B) POS & Online purchases. C) POS & BoB ATM. D) POS & Online purchases & Bob ATM. Show Answer Correct Answer: B) POS & Online purchases. 17. How many digits are there in a Aadhaar Virtual ID? A) 16 digits. B) 12 digits. C) 14 digits. D) 11 digits. Show Answer Correct Answer: A) 16 digits. 18. Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list): A) The bank can seek authority from the RBI. B) Board of directors of that Bank can decide the business suitable to the bank. C) It can be decided by the Bank in the shareholders meeting. D) Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company. Show Answer Correct Answer: D) Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company. 19. Which of the following is the basic objective of R.B.I's monetary policy? A) To control deficit in the balance of payment. B) To control public expenditure. C) To control deficit of the budget. D) To control cost & availability of money. Show Answer Correct Answer: D) To control cost & availability of money. 20. Authorized Dealers for foreign transactions are appointed by: A) Reserve Bank of India. B) Government of India. C) Individual Banks. D) FEDAI. Show Answer Correct Answer: A) 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