This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 94 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 94 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is an account maintained in foreign currency with an Authorised Dealer Bank? A) Exchange Earners' Foreign Currency Account. B) Exchange Eligible Foreign Currency Account. C) Earners' Eligible Foreign Currency Account. D) Earners' Exchange Foreign Currency Account. Show Answer Correct Answer: A) Exchange Earners' Foreign Currency Account. 2. What is the upper limit of RTGS transactions in India? A) No limit. B) Rs. 10 lacs. C) Rs. 50 lacs. D) Rs.20 lacs. Show Answer Correct Answer: A) No limit. 3. The term national income represents A) Gross national product at market prices minus depreciation. B) Gross national product at markets prices minus depreciation plus net factor income from abroad. C) Gross national product at market prices minus depreciation and indirect taxes plus subsides. D) Gross national product at market prices minus net factor income from abroad. Show Answer Correct Answer: C) Gross national product at market prices minus depreciation and indirect taxes plus subsides. 4. SME Stands for: A) Small and Medium Enterprises. B) Selling and Marketing Establishment. C) Selling and Managing Employee. D) Sales and Marketing entity. Show Answer Correct Answer: A) Small and Medium Enterprises. 5. The Banking Ombudsman A) Is in charge of bank loan for buses. B) Fixes the rates of interest for loans. C) Resolves complaints of customers. D) Is the head of all nationalized banks. Show Answer Correct Answer: C) Resolves complaints of customers. 6. Which of the following is known as broad money? A) $M_3$. B) $M_1$. C) $M_2$. D) $M_4$. Show Answer Correct Answer: A) $M_3$. 7. Which of the following is true about NBFC? A) NBFC cannot accept demand deposits. B) NBFCs cannot issue cheques drawn on itself. C) Deposit insurance facility of DICGC is not available to depositors of NBFCs. D) All are true. Show Answer Correct Answer: D) All are true. 8. What is the current duration of New Foreign Trade Policy? A) 2004-2009. B) 2009-2014. C) 2010-2015. D) 2007-2012. Show Answer Correct Answer: B) 2009-2014. 9. The profit on interest charged on the hire purchase should appear in the profit and loss account in what manner? A) The interest charged in that period only should be included. B) Interest should be apportioned in proportion to the repayment totals. C) The total interest levied should be divided equally over the total period the for purchase agreement. D) Interest should instead be capitalised on the balance sheet. Show Answer Correct Answer: A) The interest charged in that period only should be included. 10. Which of the following banking does not come under Social Banking? A) Crediting the LPG subsidy in the beneficiary bank account. B) Offering Jan Dhan Scheme accounts. C) Allowing students to credit their scholarships through No-frill accounts. D) Allowing the subsidy loan to disadvantage sections of the society. Show Answer Correct Answer: C) Allowing students to credit their scholarships through No-frill accounts. 11. Monetary Policy as an arm of the economic policy is administered by A) Government of India. B) Reserve Bank of India. C) State Bank of India. D) Governments of the respective states. Show Answer Correct Answer: B) Reserve Bank of India. 12. Which of these kinds of deposits can be offered by Banking Correspondents? A) Small Savings Accounts. B) Fixed Deposits. C) Recurring Deposits. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Open market operations of RBI refers to A) Buying and selling of securities. B) Trading in shares. C) Auctioning of treasury bills. D) Selling & purchasing of goods. Show Answer Correct Answer: A) Buying and selling of securities. 14. Many times we read the term 'ECB' in newspapers. What is the full form of 'ECB'? A) Essential Commercial Banking. B) European Credit Borrowing. C) External Credit For Business. D) External Commercial Borrowing. Show Answer Correct Answer: D) External Commercial Borrowing. 15. GNP stands for A) Gross National Product. B) Group Net Product. C) Grand Nuclear Process. D) Group Networking Process. Show Answer Correct Answer: A) Gross National Product. 16. Which one of the following is a retail banking product? [IBPS 2012] A) Home Loans. B) Working capital finance. C) Corporate term loans. D) Infrastructure financing. Show Answer Correct Answer: B) Working capital finance. 17. Which of the following is related to factoring in NBFC-Factor? A) Money Market. B) Financial transaction. C) Financial inclusion. D) Non of the above. Show Answer Correct Answer: B) Financial transaction. 18. Which one of the following launched social security scheme for 'Gramin Dak Sevaks'? A) Ministry of Economic Affairs. B) Ministry of Rural Infrastructure. C) Ministry of Communications & IT. D) Ministry of Rural Development. Show Answer Correct Answer: C) Ministry of Communications & IT. 19. What is the full form of 'CORE' in core banking services? A) Channel of Rupee Exchange. B) Customer Online Realtime Exchange. C) Centralized Online Rupee Exchange. D) Centralized Online Realtime Exchange. Show Answer Correct Answer: D) Centralized Online Realtime Exchange. 20. When did the private companies got the permission to set up Mutual Funds? A) 1992. B) 1993. C) 1994. D) 1982. Show Answer Correct Answer: A) 1992. ← 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