This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 90 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 90 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is included in Capital budget? A) Income received from public borrowings. B) Income received from non-tax sources. C) All of the above. D) None of these. Show Answer Correct Answer: A) Income received from public borrowings. 2. Which pension plan provides benefits of pension by employer of organization? A) Discretionary plan. B) Non-contributory plan. C) Contributory plan. D) Non-discretionary plan. Show Answer Correct Answer: B) Non-contributory plan. 3. A very large loan extended by a group of small banks to a single borrower, especially corporate borrowers is known as..... A) Syndicated Loan. B) Group Loan. C) Standard Loan. D) Organised Loan. Show Answer Correct Answer: A) Syndicated Loan. 4. The largest share of Gross Domestic Product (GDP), in India comes from A) Agriculture and allied sector. B) Manufacturing and construction. C) Service sector. D) Defence and public administration. Show Answer Correct Answer: C) Service sector. 5. What was the first Narsimham Committee's recommendation regarding the SLR? A) To bring it down from 38.5% to 25%. B) To bring it up from 38.5% to 45%. C) To bring it down from 38.5% to 25%. D) None of the above. Show Answer Correct Answer: A) To bring it down from 38.5% to 25%. 6. The UIDAI data centre is located at which of the following places? A) Manesar. B) Uri. C) Jhabua. D) Patiala. Show Answer Correct Answer: A) Manesar. 7. Which of the following is NOT a Government of India undertaking? [Allahabad Bank 2010] A) Oil India Ltd. B) Sutlej Jal Vidyut Nigam Ltd. C) ICICI Bank. D) National Thermal Power Corporation Ltd. Show Answer Correct Answer: C) ICICI Bank. 8. Which one of the following is not a function of Central Bank in a country? A) Credit Control. B) Managing Money Supply. C) Credit Creation. D) Regulation of Foreign Exchange. Show Answer Correct Answer: C) Credit Creation. 9. Where is the headquarters of Bank of Maharashtra located in India? A) Mumbai. B) Pune. C) Aurangabad. D) Thane. Show Answer Correct Answer: B) Pune. 10. What is the reserve deposit ration (RDR)? A) The proportion of money RBI lends to commercial banks. B) The proportion of total deposits commercial banks keep as reserves. C) The total proportion of money that commercial banks lend to the customers. D) None of the above. Show Answer Correct Answer: B) The proportion of total deposits commercial banks keep as reserves. 11. Which of the following products provide an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time? A) Fixed Deposit Account. B) Savings Bank Account. C) Recurring Deposit Account. D) Current Account. Show Answer Correct Answer: C) Recurring Deposit Account. 12. Loan of very small amounts given to low income groups is called: A) Cash credit. B) Micro credit. C) Simple overdraft. D) No frills loans. Show Answer Correct Answer: B) Micro credit. 13. What is the most common type of time deposit? A) Salary account. B) Current Account. C) FD. D) Loan. Show Answer Correct Answer: C) FD. 14. Scheme inaugurated helpline 'Udyami' is to assist..... A) Rural Unemployed. B) Large Capital Industries. C) Only female entrepreneus. D) Micro, Small and Medium enterprises. Show Answer Correct Answer: D) Micro, Small and Medium enterprises. 15. Many times we read a term CBS used in banking operation. What is the full form of the letter 'S' in the term 'CBS'? A) Systematic. B) Super. C) Support. D) Solution. Show Answer Correct Answer: D) Solution. 16. The IMF and the World Bank were conceived as institutions to A) Strengthen international economic cooperation and to help create a more stable and prosperous global economy. B) IMF promotes international monetary cooperation. C) The World Bank promotes long-term economic development and poverty reduction. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Know Your Customer (KYC) norms are required to be strictly followed by banks. It means A) Providing improved customer services. B) Determining the identify and residence proof of account holders through approved documents. C) Ensuring that staff members know the customers. D) Organising regular customer service meetings. Show Answer Correct Answer: B) Determining the identify and residence proof of account holders through approved documents. 18. When prices of goods are falling continuously, the phenomenon is called as: A) Stagflation. B) Disinflation. C) Deflation. D) Reflation. Show Answer Correct Answer: C) Deflation. 19. Which statement is correct for the Planning Commission of India? A) It is not defined in Indian Constitution. B) Its members and Deputy Chairman do not have any fixed working duration. C) Its members do not require any minimum qualification. D) All above are true. Show Answer Correct Answer: D) All above are true. 20. Which of the following is a new instruments permitted by RBI to bank under Tier II for Capital adequacy purposes and what is its minimum maturity period? A) Innovative perpetual debt instrument, 10 years. B) Non-redeemable Cumulative Capital Instrument, 10 years. C) Perpetual preference shares, 15 years. D) Redeemable preference shares, 15 years. Show Answer Correct Answer: D) Redeemable preference shares, 15 years. ← 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