This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Mangalam village became the first village in India where all households were provided banking facilities. Mangalam village is situated in which of the following Union Territories? A) Delhi. B) Chandigarh. C) Puducherry. D) Daman and Diu. Show Answer Correct Answer: C) Puducherry. 2. In which markets, transactions are done through computers and telephone without any specific location? A) Capital counter market. B) Past counter market. C) Over the counter markets. D) Future counter market. Show Answer Correct Answer: C) Over the counter markets. 3. What is meant by KYC? A) Know your Credit. B) Keep your Credit. C) Keep your Customer. D) Know your Customer. Show Answer Correct Answer: D) Know your Customer. 4. In borrowing and lending of federal funds, federal funds rate is result of function between which of the following? A) Supply and demand. B) Assets and liability. C) Cost and marketing. D) Income and expense. Show Answer Correct Answer: A) Supply and demand. 5. In which of the following managements, the company handles the issues can have a positive or negative effect on their brand? A) Public Relations Issues Management. B) Brand Issues Management. C) Private Brand Issues Management. D) None of the above. Show Answer Correct Answer: A) Public Relations Issues Management. 6. With the aim of achieving Financial Inclusion, Reserve Bank Of India has issued guidelines permitting the banks to employ.....to facilitate Business Development. A) Business Correspondents. B) Franchisees. C) Business Facilitators. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 7. Which of the following is not a prerequisite for a promissory note? A) Drawn on a specified banker. B) It should be unconditional. C) It should be in writing. D) It should be made and signed by the debtor. Show Answer Correct Answer: A) Drawn on a specified banker. 8. Which one of the following monitors the liberalized remittance scheme, through which resident individuals may remit up to USD 200, 000 per financial year for any permitted capital and current account transactions or a combination of both? A) Ministry of Finance. B) Ministry of Overseas Indian Affairs. C) Reserve Bank of India. D) Department of Posts. Show Answer Correct Answer: C) Reserve Bank of India. 9. Which of the following is not an apex institution? A) SBI. B) State Cooperative bank. C) SIDBI. D) NABARD. Show Answer Correct Answer: A) SBI. 10. Which of the following companies is engaged in the principal business of financing of acquisition or construction of houses? A) House loan companies. B) Housing finance companies. C) HDFC. D) None of the above. Show Answer Correct Answer: B) Housing finance companies. 11. As of 2014, the BRICS nations represented per cent of the World economy. Fill the blank with correct option? A) 15. B) 10. C) 20. D) 18. Show Answer Correct Answer: D) 18. 12. When a bank dishonors a cheque. A) It is called settlement of the cheque. B) It is called withdrawing of the cheque. C) It is called nullifying of the cheque. D) It is called return of the cheque unpaid. Show Answer Correct Answer: D) It is called return of the cheque unpaid. 13. Balance of trade of a country is equivalent to A) Difference between the inward and outward remittances made in foreign exchange. B) Surplus generated shown in a trading account. C) Difference between exports and imports. D) All of the above. Show Answer Correct Answer: C) Difference between exports and imports. 14. In E-commerce what is meant by B2B? A) It means trade between business to business. B) The deals between business to banks. C) It suggests transactions between banks and capitalists. D) All of the above. Show Answer Correct Answer: A) It means trade between business to business. 15. .....heads and conducts the affairs of RBI A) Central Board. B) Local board. C) Regional board. D) All of the above. Show Answer Correct Answer: A) Central Board. 16. What do you mean by a Clearing House? A) Collection centre for cheques and demand drafts. B) Pooling centre for excess currencies received from the branches. C) Collection centre for collection of tax and other receipts. D) Collection centre for issuing debit and credit cards to customers. Show Answer Correct Answer: A) Collection centre for cheques and demand drafts. 17. For the purpose of Income Tax Act, 1961, the Regional rural banks (RRBs) are treated as A) Non-scheduled banks. B) Nationalised banks. C) Co-operative banks. D) Scheduled commercial banks. Show Answer Correct Answer: B) Nationalised banks. 18. A bank's 'fixed deposit' is also referred to as a [IBPS 2013] A) Term deposit. B) Savings bank deposit. C) Current deposit. D) Demand deposit. Show Answer Correct Answer: A) Term deposit. 19. Which of the following banks is the second largest Public sector banks among the 236 PSBs in India in terms of Profit? A) Bank of Baroda. B) Bank of India. C) Punjab National Bank. D) Central Bank of India. Show Answer Correct Answer: A) Bank of Baroda. 20. Which of these Ratings is used by RBI to rate the banks after annual on-site inspection of banks? A) TIGERS. B) RATS. C) LIONS. D) CAMELS. Show Answer Correct Answer: D) CAMELS. 21. Name a Poverty Eradication Programme in which banks played the dominant role? A) IRDP. B) Jawahar Rojgar Yojana. C) Rojgar Bima Yojana. D) MNP. Show Answer Correct Answer: A) IRDP. 22. Which of the following is an easy way of providing credit to the farmer community? [Nabard Bank 2009] A) National Saving Certificates. B) Kisan Credit Card. C) Indira Vikas Patra. D) Loan against gold. Show Answer Correct Answer: B) Kisan Credit Card. 23. Which Credit Rating Agency is the largest in the World? A) Moody's Investors Service and Standard & Poor's. B) Fitch Ratings. C) CRISIL. D) ICRA. Show Answer Correct Answer: A) Moody's Investors Service and Standard & Poor's. 24. Who issues Mutual Funds? A) SEBI. B) Asset Management Companies. C) State Government. D) RBI. Show Answer Correct Answer: B) Asset Management Companies. 25. Currently (July 2014), which country holds the chair of the Group of Twenty (G-20) forum? A) Brazil. B) Canada. C) Australia. D) Russia. Show Answer Correct Answer: C) Australia. 26. RBI can issue bank notes of maximum denomination A) Rs. 500. B) Rs. 1000. C) Rs. 10000. D) Rs. 20000. Show Answer Correct Answer: C) Rs. 10000. 27. FEMA was introduced in which of the following year? A) 1999. B) 1989. C) 1990. D) 1991. Show Answer Correct Answer: A) 1999. 28. The rate of interest on term deposits in banks is stipulated by which of the following? A) Bank Itself. B) Government of India. C) Indian Banks Association. D) RBI. Show Answer Correct Answer: A) Bank Itself. 29. In India, the Chit funds are governed /regulated by..... A) RBI. B) Local Bodie. C) State Governments. D) Central Government. Show Answer Correct Answer: C) State Governments. 30. Teaser Rates are related to which of the following types of loans? A) Home Loans. B) Auto Loans. C) Reverse Mortgage Loans. D) Personal Loans. Show Answer Correct Answer: A) Home Loans. Next →Related QuizzesBanking QuizzesFinance QuizzesBanking 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