This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 96 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 96 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What was the targeted growth rate for 2012-17 in the 12th Five Year Plan? A) 8%. B) 10-11%. C) 9.60%. D) 9.5-9.75%. Show Answer Correct Answer: A) 8%. 2. Which one of the following is not a liability of commercial banks? A) Time deposits. B) Borrowing from Central Bank. C) Security holdings. D) Demand deposits. Show Answer Correct Answer: C) Security holdings. 3. What were the correct locations of three presidency banks during British India? A) Calcutta, Madras, Bombay. B) Surat, Calcutta, Madras. C) Surat, Madras, Bombay. D) Bombay, Calcutta, Surat. Show Answer Correct Answer: A) Calcutta, Madras, Bombay. 4. The RBI has helped to finace India's foreign Trade through..... A) NABARD. B) EXIM Bank. C) SBI. D) IDBI. Show Answer Correct Answer: B) EXIM Bank. 5. Which of the following were considered to be compelling reasons for bank Nationalization? A) Concentration of wealth and economic power in the hands of industrialists and business. B) Branch expansion was confined to urban areas and rural area were being neglected. C) Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations. D) Above all. Show Answer Correct Answer: D) Above all. 6. For filing and resolving customer complaints, the Banking Ombudsman A) Charges a fee of Rs. 500. B) Does not charge any fee. C) Charges a fee of Rs. 1500. D) Charges a fee of Rs. 1000. Show Answer Correct Answer: B) Does not charge any fee. 7. For which of the following reasons, NABARD has set up joint liability groups (JLG) of farmers? [Allahabad Bank 2011] A) To facilitate delivery of credit to farmers. B) To facilitate better delivery of credit to farmers through informal sources. C) To facilitate better delivery of credit to share croppers and those who do not have their own land. D) To facilitate better delivery of credit to farmers through Panchayats. Show Answer Correct Answer: C) To facilitate better delivery of credit to share croppers and those who do not have their own land. 8. Which of the following mutual funds solely invests in stocks? A) Bond Fund. B) Fixed Income Fund. C) Money Market Mutual Fund. D) Equity Fund. Show Answer Correct Answer: D) Equity Fund. 9. Which bank has the lowest interest rate for Home loans in India? A) SBI. B) HDFC. C) ICICI. D) RBI. Show Answer Correct Answer: A) SBI. 10. Reserve Bank has permitted RRBs for opening/maintaining non-residents (ordinary/external) accounts in rupees and for acceptance of FCNR (2) deposits subjects to the condition that A) The bank should have a positive net worth and earned net profit during the preceding year. B) The bank should not have defaulted in maintenance of CRR/SLRrequirements on more than three occasions during the preceding 2 years. C) Net NPA level of the bank should not exceed 5% of the outstanding advances as on 31st March of the preceding year. D) All of these. Show Answer Correct Answer: D) All of these. 11. RBI has introduced Inflation Indexed Bond which have the locking period of: A) 5 years. B) 10 years. C) 15 years. D) 20 years. Show Answer Correct Answer: B) 10 years. 12. Which of the following maintains the RIDF (Rural Infrastructure Development Fund)? A) RBI. B) IDBI. C) SIDBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 13. Which commission distributes the taxes between centre and states? A) NITI Ayog. B) Board of Direct Taxes. C) Finance Commission. D) National Development Counsel. Show Answer Correct Answer: C) Finance Commission. 14. Which bank launches first homegrown economic index? A) ICICI. B) BOB. C) SBI. D) PNB. Show Answer Correct Answer: C) SBI. 15. Who among the following has pointed out the contradictory nature of the terms RS.RS.self-help" and RS.RS.support" ? A) Michael K. Bartalos. B) C. Everett. C) Thomas Bent. D) None of the above. Show Answer Correct Answer: A) Michael K. Bartalos. 16. Which of the following is not a fee-based financial service? A) Corporate counseling. B) Profit management. C) Lease financing. D) Issue management. Show Answer Correct Answer: C) Lease financing. 17. Payment of a cheque cannot be made on a cash counter of bank, if the cheque is..... A) Bearer. B) Cross. C) Order. D) All of above. Show Answer Correct Answer: B) Cross. 18. Priority Sector does not includes the..... A) Agricultural Finance. B) Education Loans. C) Housing loans. D) Life Insurance Policy. Show Answer Correct Answer: D) Life Insurance Policy. 19. Interest on Savings deposit nowadays is . A) Fixed by RBI. B) Fixed by the respective Banks. C) Fixed by the Depositors. D) Fixed as per the contract between Bank and the Consumer Court. Show Answer Correct Answer: B) Fixed by the respective Banks. 20. As per the reports published in various newspapers, RBI has asked banks to make a plan to provide banking services to all villages having a population of 2000. This directive issued by the RBI will fall in which of the following categories? [Corporation Bank 2010] A) Plan for Financial Inclusion. B) Efforts to meet the targets of Priority Sector Lending. C) Extension of Relief Packages to the Farmers. D) Extension of Internet and Branchless Banking. Show Answer Correct Answer: A) Plan for Financial Inclusion. ← 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