This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 88 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 88 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who is eligiblen to be a promoter of Small Finance Banks? A) Individuals. B) Trusts. C) Corporates. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. What was the objective behind the Banking correspondent scheme? A) Taking banking to the remotest areas. B) Helping in the process of Financial inclusion. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 3. The Bank rate policy is a component of..... A) Fiscal policy. B) Monetary policy. C) Trade policy. D) Foreign policy. Show Answer Correct Answer: B) Monetary policy. 4. Which is not a monetary measure to control inflation? A) Soft loan policy. B) Hard credit policy. C) Tighten the regulations of money issue. D) To reduce the quantity of money. Show Answer Correct Answer: A) Soft loan policy. 5. What kind of Deposits are covered by DICGC? A) Saving deposits. B) Fixed deposits. C) Current deposits. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and A) Andhra Bank. B) Union Bank of India. C) State Bank of India. D) Syndicate Bank. Show Answer Correct Answer: D) Syndicate Bank. 7. Which deposit account is for individuals to save money and earn the modest interest for that money held in the account? A) Savings Bank Account. B) Current Account. C) Recurring Account. D) Fixed Deposit Account. Show Answer Correct Answer: A) Savings Bank Account. 8. In 2011-12 Central Government launched a new Scheme 'Swabhimaan'. Which statements are true about it? A) It is a programme on Financial Inclusion. B) Opening 5 crore new rural bank accounts. C) Providing branchless banking through technology. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. In any year, real GDP A) Might be greater or less than potential GDP. B) Will always be greater than potential GDP because of the tendency of nations to incur inflamation. C) Always equals potential GDP. D) Must always be less than potential GDP. Show Answer Correct Answer: A) Might be greater or less than potential GDP. 10. Which of the following name is used to refer to the RBI? A) Reserve Street. B) Credit Street. C) Mint Street. D) None of the above. Show Answer Correct Answer: C) Mint Street. 11. Co-operative development bank was set-up by A) NABARD. B) RBI. C) SBI. D) Central Government. Show Answer Correct Answer: A) NABARD. 12. How much amount has been allocated to for setting up 5 more IIMs and IITs? A) Rs. 500 Crore. B) Rs. 100 Crore. C) Rs. 150 Crore. D) Rs. 50 Crore. Show Answer Correct Answer: A) Rs. 500 Crore. 13. Which of the following organisations/agencies is not associated with the world of Banking and Finance? A) SEBI. B) AMFI. C) RBI. D) SPCA. Show Answer Correct Answer: D) SPCA. 14. What were the recommendation of Janak Raj Committee? A) Linking bank lending rates to a market benchmark. B) Merging all the Regional Rural banks. C) Dissolving all the Payments banks. D) None of the above. Show Answer Correct Answer: A) Linking bank lending rates to a market benchmark. 15. What is the full form of the term 'NPA' as used in banking environment? A) Not Profitable Assets. B) New Potential Accounts. C) Non Performing Assets. D) Net Performing Assets. Show Answer Correct Answer: C) Non Performing Assets. 16. Which of the following are among the Credit Bureaus present in India? A) Equifax. B) CRIF Highmark. C) Credit Information Bureau India Limited. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Who is the present CEO of UIDAI? A) Ajay Bhushan Pandey. B) J Satyanarayana. C) Anand Deshpande. D) Ajay Singh Natwar. Show Answer Correct Answer: A) Ajay Bhushan Pandey. 18. Where is located India's first operational special economic zone (SEZ)? A) Ahmedabad. B) Surat. C) Jaipur. D) Indore. Show Answer Correct Answer: D) Indore. 19. Which section of PSS Act, 2007 defines a payment system? A) Section 1. B) Section 2(3). C) Section 2(1). D) Section 3(1). Show Answer Correct Answer: C) Section 2(1). 20. Which of the following is the function of Issue log? A) Keeps a record of all issues within a project. B) Minimize the impact that issues have on your project. C) Track the actions taken to resolve issues. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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