This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 87 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 87 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In case, a depositor wishes to withdraw his fixed deposits prematurely, banks A) Do not allow the same till maturity of the deposits. B) Charge a penalty for the same. C) Do not charge any penalty and allow the same. D) All of the above. Show Answer Correct Answer: B) Charge a penalty for the same. 2. Which of the following Acts is enacted to help the Union Govt. to manage its budgeted finances and fiscal deficit in a very disciplined manner? A) The Competition Act. B) The Banking Regulation Act. C) The Negotiable Instruments Act. D) Fiscal Responsibility and Budget Management Act. Show Answer Correct Answer: D) Fiscal Responsibility and Budget Management Act. 3. How many Aadhaar Enrolment and Update Centres in total are there in India? A) 17000. B) 13000. C) 11000. D) 60000. Show Answer Correct Answer: B) 13000. 4. During the first nine months of the financial year 2013-14, the trade deficit in India stood at A) 105 billion dollar. B) 108 billion dollar. C) 110 billion dollar. D) 112 billion dollar. Show Answer Correct Answer: C) 110 billion dollar. 5. As we all know, Cash Reserve Ratio (CRR) is the percentage of the deposits keep in reserve with them. This ratio is also known as A) Repo rate. B) Reverse repo rate. C) SLR. D) Liquidity ratio. Show Answer Correct Answer: D) Liquidity ratio. 6. How many banks were nationalised in the second phase in 1980? A) 5. B) 6. C) 7. D) 4. Show Answer Correct Answer: B) 6. 7. Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are A) Right issues. B) Bonus shares. C) IPO. D) Preferential shares. Show Answer Correct Answer: B) Bonus shares. 8. In banking services, which are the major characteristics affecting the channel selection A) Intangibility. B) Inseparability. C) Perish ability. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Indian company having FDI will be permitted to make downstream investment in LLPs. What is the full form of LLP? A) Limited Language Performance. B) Limited Liability Partnership. C) Linguistic Liability Participation. D) Limited Lasting Participation. Show Answer Correct Answer: B) Limited Liability Partnership. 10. Which of the following schemes is related exclusively to Financial Inclusion? [Indian Overseas Bank 2011] A) Swawalamban. B) Swadeshi. C) Swabhiman. D) SGSY. Show Answer Correct Answer: D) SGSY. 11. Which of the following is the apex institution that handles refinance for agriculture and rural development in India? A) RBI. B) SIDBI. C) NABARD. D) SEBI. Show Answer Correct Answer: C) NABARD. 12. The term "a cheque in the electronic form" is defined in the Negotiable Instruments Act, 1881-under which of the following sections? A) Section 6. B) Section 6(l). C) Section 6A. D) None of the above. Show Answer Correct Answer: A) Section 6. 13. What do we call the instruments of monetary policy which directly affect the quantity of money supply? A) Quantitative instruments. B) Qualitative instruments. C) Money instruments. D) None of the above. Show Answer Correct Answer: A) Quantitative instruments. 14. New private banks are being given licences since A) 1991. B) 1992. C) 1993. D) 1995. Show Answer Correct Answer: C) 1993. 15. Fiscal deficit is A) Total income less government borrowing. B) Total payments less total receipts. C) Total payments less capital receipts. D) Total expenditure less total receipts excluding borrowing. Show Answer Correct Answer: D) Total expenditure less total receipts excluding borrowing. 16. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of "LLP" as used in this reference? A) Local Labour Promotion. B) Low Labour Projects. C) Limited Loan Partnership. D) Limited Liability Partnership. Show Answer Correct Answer: D) Limited Liability Partnership. 17. Aadhar Payment App has been developed by which of the following? A) National Payment Corporation of India. B) Unique Identification Authority of India. C) IDFC Bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. What is the minimum net owned fund requirement for NBFCs? A) Rs 200 lakh. B) Rs 250 lakh. C) Rs 25 lakh. D) Rs 100 lakh. Show Answer Correct Answer: A) Rs 200 lakh. 19. Which of the following does not pertain to non performance assets? A) Sub standard assets. B) Doubtful assets. C) Loss assets. D) Standard assets. Show Answer Correct Answer: D) Standard assets. 20. Justice Mukul Mudgal comm. is related with which of the following subject? A) IPL spot fixing. B) Hike in prices of Automobile. C) Rise in prices of petrol. D) Banking Reforms. Show Answer Correct Answer: A) IPL spot fixing. ← 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