This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 11 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Real national income growth refers to A) National income growth adjusted for population growth. B) National income growth adjusted for inflation. C) National income growth adjusted for saving growth. D) National income growth adjusted for depreciation rate. Show Answer Correct Answer: B) National income growth adjusted for inflation. 2. What is Forex? [Punjab & Sindh 2011] A) It is buying of foreign currency. B) It is selling of foreign currency. C) It is buying of one currency and selling of another currency. D) It is simultaneous buying of one currency and selling of another currency. Show Answer Correct Answer: D) It is simultaneous buying of one currency and selling of another currency. 3. Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti-money laundering measures. The purpose of reporting is: A) Combating finance of terrorism. B) To check hawala transactions. C) To check the inflow of crime money. D) All the above. Show Answer Correct Answer: D) All the above. 4. Which of the following type of CICs are exempted from the requirement of registration with RBI? A) CICs with assets above Rs. 10 crore. B) CICs with assets above Rs. 100 crore. C) CICs with assets above Rs. 200 crore. D) None of the above. Show Answer Correct Answer: B) CICs with assets above Rs. 100 crore. 5. Which of the following schedules of Indian constitution includes Banking? th th th th A) 7. B) 6. C) 8. D) 5. Show Answer Correct Answer: A) 7. 6. Name any E-Banking service which is based on voice processing facility? A) Tele-banking. B) On-line banking. C) Any time banking. D) Any where banking. Show Answer Correct Answer: A) Tele-banking. 7. Which of the following would RS.tighten' the liquidity situation of banks? A) Increased sales of government securities to individuals or institutions who pay for them from their bank. B) Regulations requiring the banks to maintain positive end-of-day balances with the Bank of England. C) Both 1 and 2. D) Lower levels of taxation and reductions in tax receipts to the Treasury. Show Answer Correct Answer: C) Both 1 and 2. 8. International Bank for Reconstruction and Development is related to..... A) IMF. B) ADB. C) World Bank. D) Federal Bank. Show Answer Correct Answer: C) World Bank. 9. Which of the following is not a prerequisite for a promissory note? (Vijaya Bank 2008) 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. 10. In Banking terminology, NPA means [Corporation Bank 2011] A) No-Promise Account. B) Non-Performing Asset. C) Net Performing Asset. D) Non-Personal Account. Show Answer Correct Answer: B) Non-Performing Asset. 11. What are benefits of Financial Market Infrastructures? A) Purposes of clearing. B) Ecording payments. C) Financial transactions. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. When a loan is granted by a bank for purchase of white goods it is called A) Consumption loan. B) White goods loan. C) Consumer durable loan. D) All of these. Show Answer Correct Answer: C) Consumer durable loan. 13. Which of the following is NOT the net assets in investing in the equity shares in group companies? A) Cash & bank balances. B) Money market instruments. C) Money market mutual funds. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Which organisation functions as the authorised Bharat Bill Payment Central Unit? A) State bank of India. B) Reserve Bank of India. C) ICICI Bank. D) NPCI. Show Answer Correct Answer: D) NPCI. 15. Which one of the following is not a measure of Globalisation? A) Reduction in import duties. B) Abolition of import licensing. C) Allowing free flow of direct foreign investment. D) Disinvestment of equity in the public sector. Show Answer Correct Answer: D) Disinvestment of equity in the public sector. 16. Accounts are allowed to operated by Cheques in respect of A) Both Savings Accounts and Fixed Deposit accounts. B) Savings account and Current Accounts. C) Both Savings and Loan Accounts. D) Both savings bank accounts and cash accounts only. Show Answer Correct Answer: B) Savings account and Current Accounts. 17. Which of the following rates signals the RBI's long-term outlook on interest rates? A) Repo Rate. B) SLR. C) Bank Rate. D) Reverse Repo Rate. Show Answer Correct Answer: C) Bank Rate. 18. What is an amortization schedule? A) It is a table that gives details of the periodic principal and interest payments on a loan and the. B) It is convenient for borrowers who are in the beginning of their careers. C) It is the schedule at which commercial banks charge their customers who are most creditworthy. D) All of the Above. Show Answer Correct Answer: A) It is a table that gives details of the periodic principal and interest payments on a loan and the. 19. ICICI provides assistance by way of A) Long and medium-term loans and equity participation. B) Guaranteeing rupee and foreign currency loans raised from other sources. C) Underwriting issues of shares and debentures. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Traveller's cheques are valid for..... A) One year. B) Six months. C) No limit are valid till encashed. D) Three months. Show Answer Correct Answer: C) No limit are valid till encashed. 21. Which of the following functions are performed by RBI as a banker of banks? A) Settlements of inter-bank transactions. B) Enables banks to maintain their accounts with RBI for statutory reserve requirements. C) Acts as the lender of last resort. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. At current prices, the GDP growth rate for the year 2013-14, as projected by CSO stands at A) 14.5%. B) 13.30%. C) 11.9%. D) 12.30%. Show Answer Correct Answer: D) 12.30%. 23. Which of the following is the Central Bank of the country? A) RBI. B) SBI. C) RRB. D) NABARD. Show Answer Correct Answer: A) RBI. 24. The Government of India passed the "Recovery of Debts Due to Banks and Financial Institutions Act" in..... A) 1992. B) 1990. C) 1994. D) 1993. Show Answer Correct Answer: D) 1993. 25. Which of the following about money supply measure adopted in 1977 is correct? A) M2' M1 +demand deposits with post offices. B) M3' M1 +term deposits with banks. C) M4'M3+total deposits with post offices. D) All the above. Show Answer Correct Answer: C) M4'M3+total deposits with post offices. 26. An underwriter undertakes to buy a certain number of shares or debentures irrespective of the subscription from the public. This type of underwriting is known as.....? A) Syndicate Underwriting. B) Firm Underwriting. C) Outright Purchases of Issues. D) Sub-Underwriting. Show Answer Correct Answer: B) Firm Underwriting. 27. Which of the following acts defines 'Factoring Business'? A) Factoring Act, 2012. B) Factoring Act, 2010. C) Factoring Act, 2011. D) Factoring Act, 2005. Show Answer Correct Answer: C) Factoring Act, 2011. 28. Which of the following liabilities is not taken as part of Time and demand liabilities for the purpose of CRR? A) Saving bank account. B) Recurring deposits. C) Fixed deposits. D) Paid-up capital. Show Answer Correct Answer: D) Paid-up capital. 29. Which of the following organizations was specially established to operate in Gramin areas by design itself? A) Private Banks. B) Commercial Banks. C) Central Financial Institutes. D) Regional Rural Banks. Show Answer Correct Answer: D) Regional Rural Banks. 30. FEMA was implemented by replacing FERA in which year? A) 01.01.2003. B) 01.06.2000. C) 31.01.2000. D) 31.01.2002. Show Answer Correct Answer: B) 01.06.2000. ← PreviousNext →Related QuizzesBanking QuizzesFinance QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books