This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 98 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 98 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following terms is NOT used in Banking Sector? A) SLR. B) NPA. C) Credit Rating. D) PURA. Show Answer Correct Answer: D) PURA. 2. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? A) RTGS. B) NEFT. C) TT. D) EFT. Show Answer Correct Answer: A) RTGS. 3. "Self Help Group" is associated with which of the following Rural Development Programmes? A) Pradhan Mantri Gram Sadak Yojana. B) Swarna Jayanti Gram Swarozgar Yojana. C) TRYSEM. D) Indira Aawas Yojana. Show Answer Correct Answer: B) Swarna Jayanti Gram Swarozgar Yojana. 4. Which of the following is the abbreviated name of the new Act which deals with money laundering? A) AILTA. B) PERDA. C) TERLS. D) PMLA. Show Answer Correct Answer: D) PMLA. 5. Committee related with the merger of regional rural banks with their sponsor banks is..... A) Khusro Committee. B) Khan Committee. C) Malegam Committee. D) Hilton Young Committee. Show Answer Correct Answer: A) Khusro Committee. 6. In production sector, a micro enterprise is an enterprise where investment in plant and machinery does not exceed how much amount? A) Rs 10 lakh. B) Rs 15 lakh. C) Rs 20 lakh. D) Rs 25 lakh. Show Answer Correct Answer: D) Rs 25 lakh. 7. RBI has lifted a ban on carrying Indian bank notes of Rs 1, 000 and 500 denominations to and from Nepal and Bhutan. RBI has put a limit on carrying such notes at Rs.....per person? A) 10000. B) 15000. C) 25000. D) 20000. Show Answer Correct Answer: C) 25000. 8. Biometric ATM cards are generally issued for which of the following? A) Illiterates. B) Sick & old persons. C) Inoperative accountholders. D) Both A & B. Show Answer Correct Answer: D) Both A & B. 9. Expand the term SWIFT. [Allahabad Bank 2011] A) Society for Worldwide International Financial Telecommunications. B) Society for Worldwide Interbank Financial Telecommunication. C) Society for Worldwide International Financial Transfers. D) Society for Worldwide Interbank Fiscal. Show Answer Correct Answer: A) Society for Worldwide International Financial Telecommunications. 10. At present, the RBI issue notes in the denominations of Rs. A) 1, 2, 5, 10, 20, 50, 100 and 500. B) 1, 2, 5, 10, 20, 50, 500 and 1000. C) 2, 5, 10, 20, 50, 100, 500 and 1000. D) 2, 5, 10, 20, 50, 100, 1000 and 10000. Show Answer Correct Answer: C) 2, 5, 10, 20, 50, 100, 500 and 1000. 11. Crossing on a cheque can be cancelled by the.....of the cheque, under his full signature. A) Payee. B) Drawee. C) Endorser. D) Drawer. Show Answer Correct Answer: D) Drawer. 12. In regards to insurance, "A policy provision that allows a policy to be restored from a lapsed status and resume active coverage" is termed as? A) Reaffirmation. B) Reinsurance. C) Reinstatement. D) Revocation. Show Answer Correct Answer: C) Reinstatement. 13. The Reserve Bank of India placed the greatest reliance on which of the following measures of credit control for maintaining price stability during the last ten years? A) The Bank Rate. B) Open Market Operations. C) Cash reserve requirements. D) Statutory liquidity requirements. Show Answer Correct Answer: A) The Bank Rate. 14. The tenure of the loan issued by NBFC-MFI to the borrower should not be less than 24 months for loan amount in excess of how much amount? A) Rs. 30, 000. B) Rs. 20, 000. C) Rs. 15, 000. D) Rs. 25, 000. Show Answer Correct Answer: C) Rs. 15, 000. 15. Which one of the following countries is the first borrower of fund from the International Monetary Fund? A) United States. B) France. C) Spain. D) India. Show Answer Correct Answer: B) France. 16. Which of the following cannot be called as a debt instrument as referred in financial transactions? [Indian Overseas Bank 2009] A) Certificate of deposits. B) Bonds. C) Stocks. D) Loans. Show Answer Correct Answer: D) Loans. 17. What does the microfinance model NOT predict? A) A decrease in interest rates when repayment is regular and in time. B) Homogenous risk groups. C) Self-selection of the best borrowers. D) None of the above. Show Answer Correct Answer: C) Self-selection of the best borrowers. 18. The difference between visible exports and visible imports is defined as A) Balance of trade. B) Balance of payments. C) Balanced terms of trade. D) Gains from trade. Show Answer Correct Answer: A) Balance of trade. 19. Treasury Bills means A) Salary bills drawn by Government officials on the treasury. B) Bills drawee by the Government contractors and other suppliers on the treasury for the dues owed to them by the Government. C) Obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue. D) A mode of drawings by the Treasury Office on the Reserve Bank of India. Show Answer Correct Answer: C) Obligation of the Government of India issued by the Reserve Bank of India and payable normally 91 days after issue. 20. Which one is true in respect of bank marketing? A) Bank marketing deal with providing services to satisfy customer's financial needs and wants. B) Bank marketing has to discover/ascertain/anticipate the financial needs of the corporates. C) Bank marketing may be required to satisfy the corporates and institutions, other related needs and wants. D) Bank marketing means competitive element, efficiency and effectiveness in the process. Show Answer Correct Answer: A) Bank marketing deal with providing services to satisfy customer's financial needs and wants. ← 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