This quiz works best with JavaScript enabled. Home > Banking > Banking Affairs > Banking Affairs – Quiz 99 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 99 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is the placement of funds in an account with a bank? A) Bank deposit. B) Foreign currency. C) Loan. D) All of the above. Show Answer Correct Answer: A) Bank deposit. 2. Which is incorrect with regard to powers of RBI A) Holds cash reserve banks. B) Controls banking system through licensing. C) Supervises Banking system through inspection. D) None of these. Show Answer Correct Answer: D) None of these. 3. Liberalised Remittance Scheme is not applicable to which of the following? A) Corporates. B) Partnership firms. C) HUF. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Who was the first Governor of Reserve Bank of India? A) Sir James Taylor. B) Sir Vincent Eyre. C) Sir Osborne Smith. D) Reginald Macdonald. Show Answer Correct Answer: C) Sir Osborne Smith. 5. A non-performing asset is . A) Money at call and short notice. B) An asset that ceases to generate income. C) Cash balance in till. D) Cash balance with RBI. Show Answer Correct Answer: B) An asset that ceases to generate income. 6. What are 'Open Market Operations"? A) Activities of SEBI-registered brokers. B) Selling of currency by the RBI. C) Selling of gilt-edged securities by the government. D) Sale of share by FIIs. Show Answer Correct Answer: C) Selling of gilt-edged securities by the government. 7. What is NOT a source of difficulty in the estimation of the impact of microfinance projects? A) We do not observe what would have happened in absence of the microfinance project. B) Participants systematically differ from non participants in their propensity to benefit frommicro-loans. C) Microfinance programs are not located randomly, they are often located in disfavoredareas. D) Microfinance programs are often targeted to women. Show Answer Correct Answer: D) Microfinance programs are often targeted to women. 8. What do we call the official interest rate at which RBI provides loans to the banking system? A) Reverse repo rate. B) Bank rate. C) SLR. D) CRR. Show Answer Correct Answer: B) Bank rate. 9. Which of the following is also known as Bank owned ATM? A) White label ATM. B) Brown label ATM. C) Green label ATM. D) On site ATM. Show Answer Correct Answer: A) White label ATM. 10. If a complaint is not settled by an agreement within a period of.....month, the Banking Ombudsman proceeds further to pass an Award. A) 2. B) 1. C) 4. D) 12. Show Answer Correct Answer: B) 1. 11. For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank? A) 20%. B) 30%. C) 40%. D) 60%. Show Answer Correct Answer: C) 40%. 12. Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact? A) Less liquidity in the market. B) More liquidity in the market. C) No change in the liquidity in the market. D) Mobilization of more deposits by commercial-banks. Show Answer Correct Answer: B) More liquidity in the market. 13. The majority of Central Government enterprises belong to the..... A) Public corporations. B) Public limited companies. C) Private limited companies. D) Departmental organisations. Show Answer Correct Answer: B) Public limited companies. 14. Which one of the following constitutes the largest percentage of Retail loans in India? A) Consumer loans. B) Personal loans. C) Auto loans. D) Home loans. Show Answer Correct Answer: D) Home loans. 15. What is meant by 'Underwriting' the term frequently used in financial sector? A) Under valuation of the assets. B) The Act of taking on a risk. C) Giving a Guarantee that a loan will not become a bad loan. D) All of the above. Show Answer Correct Answer: B) The Act of taking on a risk. 16. What is Call Money? [BOB 2008] A) Money borrowed or lent for a day or overnight. B) Money borrowed for more than one day but up to 3 days. C) Money borrowed for more than one day but up to 7 days. D) Money borrowed for more than one day but up to 14 days. Show Answer Correct Answer: A) Money borrowed or lent for a day or overnight. 17. Any act of interference by a Central Bank like the RBI in influencing the exchange rate is referred to as which of the following in India? A) Dirty Floats. B) Managed Floats. C) Fixed Floats. D) Market Stabilization Floats. Show Answer Correct Answer: B) Managed Floats. 18. Full form of ERNET is A) England's Remote Network. B) Engineering and Research Network. C) Educational and Research Network. D) External and Regular Network. Show Answer Correct Answer: C) Educational and Research Network. 19. The most important source of financing the State Government's Gross Fiscal Deficit (GFD) in India has been..... A) Loans from financial institutions. B) Loans from provident funds and reserve funds. C) Loans from central government. D) Market borrowings. Show Answer Correct Answer: C) Loans from central government. 20. Banks are not likely to give loans against which of the following? A) Fixed deposits. B) Shares of blue chip companies. C) Gold and silver jewellery. D) None of the given options is true. Show Answer Correct Answer: D) None of the given options is true. ← 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