This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 92 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 92 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When was ICICI bank founded? A) 1991. B) 1992. C) 1993. D) 1994. Show Answer Correct Answer: D) 1994. 2. Which of the following is not included in the estimates of National Income? A) Sale of collector's items. B) Addition to inventory, but not sale of the company's products. C) Market rent of self owned house. D) Cost of government services. Show Answer Correct Answer: A) Sale of collector's items. 3. Which of the following is the first Bank to introduce ATM? A) HSBC. B) ICICI Bank. C) SBI. D) Axis Bank. Show Answer Correct Answer: A) HSBC. 4. A debenture trust deed is an agreement between the company and the trustees to look after the interest of which of the following? A) Debenture holders. B) Issue managers. C) Debt holders. D) Noneof the above. Show Answer Correct Answer: A) Debenture holders. 5. Banks have the lowest lending levels in the.....part of India. A) Central. B) North-Eastern. C) Southern. D) Western. Show Answer Correct Answer: B) North-Eastern. 6. Type of exchange members who only buy and sell for their personal account are classified as which of the following? A) Non-investment traders. B) Commercial traders. C) Professional traders. D) Investment traders. Show Answer Correct Answer: C) Professional traders. 7. M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank? A) M/s ABC since they are the importers. B) M/s XYZ since they are the exporters. C) Both since they are the parties to the agreement. D) RBI since they regulate the Foreign Trade in India. Show Answer Correct Answer: A) M/s ABC since they are the importers. 8. As per the decision taken by the Govt of India, all the Public Sector Banks (PSBs) will be recapitalised over the next two years so that they can maintain a capital Adequacy Ratio (CAR) of..... A) 9%. B) 12%. C) 11%. D) 0.22. Show Answer Correct Answer: A) 9%. 9. Nachiket Mor committee has submitted its recommendations which are related to: A) Insider Trading. B) Financial Inclusion. C) Micro Financing. D) Macro Financing. Show Answer Correct Answer: B) Financial Inclusion. 10. The RBI has recently decided to withdraw from circulation of currency notes that had been issued before? A) 2004. B) 2006. C) 2005. D) 2008. Show Answer Correct Answer: C) 2005. 11. SEBI was established in A) 1993. B) 1992. C) 1988. D) 1990. Show Answer Correct Answer: C) 1988. 12. High powered money is..... A) Bank's reserves at central banks. B) All loans and advances of banks. C) Money held by banks. D) Currency held by public and reserves with the central bank. Show Answer Correct Answer: A) Bank's reserves at central banks. 13. What does WPI stand for? A) Wholesale Price Index. B) Wholesale Price India. C) Wholesale Price International. D) Wholesale Price Industrial. Show Answer Correct Answer: A) Wholesale Price Index. 14. Which of the following products launched by most ofthe banks helps farmers in getting instant credit for various agricultural purposes? A) Kissan Credit Card. B) Personal Loan. C) Business loan. D) ATM Card. Show Answer Correct Answer: A) Kissan Credit Card. 15. Many times we have read about ULIP in newspapers. ULIP stands for..... A) United Loaded Investment Plan. B) Universal Loan Investment Plan. C) Unit Life Insurance Plan. D) Unit Linked Insurance Plan. Show Answer Correct Answer: D) Unit Linked Insurance Plan. 16. Which of the following was the reason owing to which Govt wants Reserve Bank of India to tighten prudential norms for NBFCs? A) To reduce liquidity in the market. B) It is as per Basel II requirements. C) It is as per Bank for International Settlement (BIS) directives. D) It is to protect NBFCs from any impact of possible economic slowdown. Show Answer Correct Answer: D) It is to protect NBFCs from any impact of possible economic slowdown. 17. Which of the following term is used in banking and finance? A) Cathode. B) Diabetic. C) Equity. D) Obese. Show Answer Correct Answer: C) Equity. 18. The term 'BSR' refers to A) Bank's selling Rate. B) Basic Statistical Returns. C) Annual returns submitted by banks to RBI in respect to priority sector advances. D) Quarterly statements of advance to agriculture. Show Answer Correct Answer: B) Basic Statistical Returns. 19. Which of the following is/are the type of IDFs? A) IDF-MF. B) IDF-NBFC. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: C) Both 1 and 2. 20. Which of the following defines Commercial Papers? A) Long term debt issued by private corporations. B) Short-term and unsecured promissory notes issued by corporations with-very high credit standings. C) Savings instrument, in which funds must remain on deposit for a specified period, and premature withdrawals incur interest penalties. D) 1 and 3. Show Answer Correct Answer: B) Short-term and unsecured promissory notes issued by corporations with-very high credit standings. ← 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