This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 91 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 91 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Under the second phase of nationalization, 07 banks were nationalized. Their deposits were over.....crore. A) 100. B) 150. C) 200. D) 300. Show Answer Correct Answer: C) 200. 2. What do we call the facility given to a current account holder of withdrawal of more amount than his deposit? A) Overdraft. B) EMI. C) Sweep-in Facility. D) Recurring Deposit. Show Answer Correct Answer: A) Overdraft. 3. RBI was Nationalized on-st st st A) 1 Apri 1949. B) 1 Jan 1949. C) 1 September 1949 st. D) 1 December 1949. Show Answer Correct Answer: B) 1 Jan 1949. 4. "Doha Development Round" is related with which of the following organization? A) World Bank. B) World Trade Organisation. C) International Monetary Fund. D) Asian Development Bank. Show Answer Correct Answer: B) World Trade Organisation. 5. DICGC is the wholly owned subsidiary of? A) SBI. B) NABARD. C) Union Government. D) RBI. Show Answer Correct Answer: D) RBI. 6. On which architecture is UPI built upon? A) IMPS. B) NEFT. C) RBI. D) None of the above. Show Answer Correct Answer: A) IMPS. 7. What is the minimum period for which an NRE (Non Resident External) term deposit account can be opened? A) 12 months. B) 36 months. C) 60 months. D) 52 months. Show Answer Correct Answer: A) 12 months. 8. What is the full form of LTV In Housing Finance? A) Loan to Value Ratio. B) Lending Term Value. C) Loan Terms Value. D) Lending Tenure Value. Show Answer Correct Answer: A) Loan to Value Ratio. 9. Which of the following aspects are outlined by the loan policy of a bank? A) Rating standards. B) Lending procedures. C) Financial covenants. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. The commercial banking system in India comprises of A) Scheduled and non-scheduled banks. B) Nationalised banks and private sector banks. C) Regional rural banks, cooperative banks. D) Land development banks. Show Answer Correct Answer: A) Scheduled and non-scheduled banks. 11. What is the full form of NSDL? A) National Securities Depository Limited. B) National Securities Demanding Liability. C) National Sample Depository Limited. D) National Sample Driven Land. Show Answer Correct Answer: A) National Securities Depository Limited. 12. Which of the following helps in monitoring the status of all issue in issue management process? A) Issue manager. B) Issue recorder. C) Issue register. D) Issue tracker. Show Answer Correct Answer: C) Issue register. 13. Which of the following contracts involves future exchange of assets at a specified price? A) Future contract. B) Forward contract. C) Present contract. D) Spot contract. Show Answer Correct Answer: B) Forward contract. 14. Who guides debenture trustess to enhance their disclosures for listed debt securities to protect investor interest? A) Government. B) RBI. C) SEBI. D) None of the above. Show Answer Correct Answer: C) SEBI. 15. Which of the following types of accounts are known as 'Demat Accounts'? [IBPS 2011] A) Accounts which are Zero Balance Accounts. B) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there. C) Accounts in which shares of various companies are traded in electronic form. D) Accounts which are operated through internet banking facility. Show Answer Correct Answer: C) Accounts in which shares of various companies are traded in electronic form. 16. RBI has deregulated interest rate for savings accounts. What does it suggest? A) Customers will get the benefit of higher interest rates. B) Banks will have the right to fix their interest rates independently. C) Each bank will have their respective interest rates without the need to adhere to fixed interest rate common to all banks. D) Banks will decide interest rates for individual customers according to their savings. Show Answer Correct Answer: C) Each bank will have their respective interest rates without the need to adhere to fixed interest rate common to all banks. 17. The facility not available in the BSBDA is? A) Deposit amount. B) Withdrawing of cash. C) ATM Card. D) All above facilities are available. Show Answer Correct Answer: D) All above facilities are available. 18. Which type of remittances are received from abroad? A) Blockchain Remittance. B) Inward Foreign Remittance. C) Outward Foreign Remittance. D) None of the above. Show Answer Correct Answer: B) Inward Foreign Remittance. 19. Which of the following acts helps a bank in its day-to-day activities? A) Competition Act. B) Negotiable Instruments Act. C) Hindu Marriage Act. D) Hindu Succession Act. Show Answer Correct Answer: B) Negotiable Instruments Act. 20. NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for? A) Junior Link Group. B) Join Life Group. C) Joint Line Group. D) Joint Liability Group. Show Answer Correct Answer: D) Joint Liability Group. ← 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