This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 97 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 97 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which of the following accounts, shares and securities are held in dematerialized form? A) Salary account. B) Current account. C) Demat account. D) Savings account. Show Answer Correct Answer: C) Demat account. 2. Government securities with terms of more than 1 year are called A) Government bonds. B) Treasury bills. C) Bills of exchange. D) Capital bills. Show Answer Correct Answer: A) Government bonds. 3. When were the Local Area Banks were set up first in India? A) 1994. B) 1995. C) 1996. D) 1998. Show Answer Correct Answer: C) 1996. 4. Which of the following Acts was framed to deal more effectively specially with the problem of Non-Performing Assets in banking system? A) SARFAESI ACT. B) Banking Regulation Act. C) Foreign Exchange Management Act. D) Industrial Dispute Act. Show Answer Correct Answer: A) SARFAESI ACT. 5. In banking terminology bad loans refer to..... A) Bad debts. B) Non Performing assets. C) Underwriting assets. D) Fictitious assets. Show Answer Correct Answer: B) Non Performing assets. 6. According to Reserve Bank of India's latest study, which one of the following states ranks as the best performing state in most of the key fiscal parameters? A) Gujarat. B) Kerala. C) Chhattisgarh. D) Odisha. Show Answer Correct Answer: C) Chhattisgarh. 7. Which of the following is true about RBI's decision regarding sick micro and small enterprises? A) These guide lines made on recommendations of the working group chaired by Deputy Governor K. C. Chakrabarty. B) RBI has suggested that an MSE is considered 'sick' when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more. C) RBI also suggested if there is erosion in the net worth due to accumulated losses to the extent of 50 percent of its net worth during the previous accounting year. D) The stipulation that the unit should have been in commercial production for at least two years has been removed. Show Answer Correct Answer: B) RBI has suggested that an MSE is considered 'sick' when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more. 8. The World Bank sanctioned Rs. 18, 000 crores to which of the following states for its Poverty Alleviation Programme? A) Karnataka. B) Gujarat. C) Maharashtra. D) Uttar Pradesh. Show Answer Correct Answer: D) Uttar Pradesh. 9. Where is the printing press of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. Located? A) Mysore. B) Salboni. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 10. The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of A) Bank of Calcutta. B) Bank of Bengal. C) Bank of Bombay. D) Bank of Madras. Show Answer Correct Answer: A) Bank of Calcutta. 11. .....do not attract TDS A) Recurring deposits. B) Fixed deposits. C) Reinvestment deposits. D) NRO FDR. Show Answer Correct Answer: A) Recurring deposits. 12. The paid-up capital of non-scheduled bank is less than A) Rs. 5 lakh. B) Rs. 10 lakh. C) Rs. 12 lakh. D) Rs. 15 lakh. Show Answer Correct Answer: A) Rs. 5 lakh. 13. Recently, The Reserve Bank of India (RBI) constituted a 15-member inter-regulatory committee to monitor the growing phenomenon of shadow banking. Who has been appointed as the Chairman of this committee? A) P. Vijaya Bhaskar. B) Dindyal Kukreja. C) N. Sundaresan. D) Ram Nath. Show Answer Correct Answer: A) P. Vijaya Bhaskar. 14. A Central Co-operative Bank is generally headquartered at A) An important town of the district. B) State capital. C) Same place which is the headquarter of the district. D) The place where from the Central Government is run. Show Answer Correct Answer: C) Same place which is the headquarter of the district. 15. Which of the following steps is taken for financial inclusion in India? A) The expansion of network of cooperative banks to provide credit to agriculture and saving facilities in rural areas. B) Nationalisation of banks in 1969 and expansion of branches. C) Creation of an elaborate framework of priority sector lending with mandated targets as part of a strategy to meet the savings and credit needs of large sections of the Indian population, who had no access to institutional finance. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. Which of these banks was nationalised in 1969? A) United Bank of India. B) Vijaya Bank. C) Andhra Bank. D) Punjab and Sind Bank. Show Answer Correct Answer: A) United Bank of India. 17. What is the base year for new series of IIP (Index of Industrial Production)? A) 1993-94. B) 1994-95. C) 2003-2004. D) 2004-2005. Show Answer Correct Answer: D) 2004-2005. 18. As per the existing policy, the Cash Reserve Ratio (CRR) of scheduled banks is fixed at a certain percentage of their NDTL. What is full form of NDTL? A) New Demand and Tenure Liabilities. B) Net Demand and Time Liabilities. C) National Deposits and Total Liquidity. D) Net Duration and Total Liquidity. Show Answer Correct Answer: B) Net Demand and Time Liabilities. 19. Credit facility in Infrastructure finance companies is related to which of the following? A) Equity. B) Shares. C) Infrastructures. D) Loan. Show Answer Correct Answer: D) Loan. 20. For an NBFC-MFI, the tenure of the loan must not to be less than how many months? A) 12 months. B) 24 months. C) 18 months. D) 36 months. Show Answer Correct Answer: B) 24 months. ← 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