This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 95 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 95 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The association of the rupee with pound sterling as the intervention currency was broken in A) 1990. B) 1991. C) 1992. D) 1993. Show Answer Correct Answer: C) 1992. 2. 'Growth with Stability' was the aim of which of the following Five Year Plans? A) Second Plan. B) Third Plan. C) Fourth Plan. D) Fifth Plan. Show Answer Correct Answer: C) Fourth Plan. 3. Who heads the Board for Payment and Settlement Systems? A) RBI Governor. B) RBI Deputy Governor. C) Chief Financial Officer. D) Person appointed by Union Government. Show Answer Correct Answer: A) RBI Governor. 4. The term RS.Merchant Bank' is used in whivh of the following countries? A) United States of America. B) United Kingdom. C) France. D) India. Show Answer Correct Answer: B) United Kingdom. 5. When was the first law, regulating the working of cooperative societies, was promulgated by British India Government? A) 1902. B) 1904. C) 1907. D) 1908. Show Answer Correct Answer: B) 1904. 6. Banks make frequent changes in their product profile including introduction of new products etc. This is called A) Product Control. B) Product enhancement. C) Product marketing. D) Product enrichment. Show Answer Correct Answer: B) Product enhancement. 7. When was HDFC bank established? A) 1994. B) 1991. C) 1993. D) 1996. Show Answer Correct Answer: A) 1994. 8. Which of the following acts as the first line of defense for India in case of economic slowdown? A) Securities. B) Foreign-exchange reserves. C) Currency. D) Gold reserves. Show Answer Correct Answer: B) Foreign-exchange reserves. 9. The word NELP is associated with..... A) Discovery of Oil & Natural Gas. B) National Highway extension. C) Communication. D) Space research. Show Answer Correct Answer: A) Discovery of Oil & Natural Gas. 10. On the recommendations of which of the following committees Regional Rural Banks (RRB) were established? A) Tarpore Committee. B) Narasimham Committee. C) Karmakar Committee. D) Kelker Committee. Show Answer Correct Answer: B) Narasimham Committee. 11. The savings bank account that does not operate for more than 24 months, then the acount is called? A) Dormant account. B) Demat account. C) Inoperative account. D) Inactive amount. Show Answer Correct Answer: A) Dormant account. 12. In banking parlance, 'Sub-prime' refers to A) Landing by banks at rates below PLR. B) Funds raised by banks at sub-libor rates. C) Group of banks which are not rated as prime banks as per bankers almanac. D) Lendingdone by banks/FIs to customers not meeting with normally required credit appraisal standards. Show Answer Correct Answer: D) Lendingdone by banks/FIs to customers not meeting with normally required credit appraisal standards. 13. In which of the following NBFCs, institutional investors can be sponsored by commercial banks and NBFCs? A) Loan Companies. B) IFC. C) Systemically Important Core Investment Company. D) Infrastructure Debt Fund. Show Answer Correct Answer: D) Infrastructure Debt Fund. 14. Who decided on the quantity of coins to be minted? A) The Government of India. B) RBI. C) Either 1 or 2. D) All of the above. Show Answer Correct Answer: A) The Government of India. 15. Which country Bank Pasargad belongs to? A) Iran. B) Germany. C) Russia. D) Sweden. Show Answer Correct Answer: A) Iran. 16. The best alternative banking service to branch banking to be the part of financial inclusion? A) Establishment of small branches. B) Set-up ATMs. C) Issuing of ATM cards. D) Mobile banking. Show Answer Correct Answer: D) Mobile banking. 17. Which of the following is a retail banking product? A) Home loans. B) Working capital finance. C) Corporate term loans. D) Infrastructure financing. Show Answer Correct Answer: A) Home loans. 18. A bill of exchange contains which of the following? A) Unconditional order. B) Unconditional undertaking. C) Conditional undertaking. D) Conditional order. Show Answer Correct Answer: A) Unconditional order. 19. Reserve Bank of India on 20 January 2014 constituted an Expert Committee to Review Governance of Bank Boards in India. The expert committee will be chaired by? A) Urjit R. Patel. B) H.R. Khan. C) K.C. Chakrabarty. D) P.J. Nayak. Show Answer Correct Answer: D) P.J. Nayak. 20. Which of the following is another name for Self help groups? A) Mutual aid. B) Support groups. C) Groups of people. 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