This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 12 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following schemes is launched specifically for helping senior citizens to avail loan by mortgage of their residential property? [Indian Overseas Bank 2011] A) Reverse Mortgage Loan scheme. B) English Mortgage Scheme. C) Senior Citizen Personal Loan scheme. D) Senior Capital loan Scheme. Show Answer Correct Answer: A) Reverse Mortgage Loan scheme. 2. What is a legal agreement, also called the deed of trust, between the corporation issuing bonds and the bondholders that establish the terms of the bond issue? A) Indenture. B) Bond. C) Debt. D) None of the above. Show Answer Correct Answer: A) Indenture. 3. Treasury bills also called as T-bills are the part of..... A) Unorganized Market. B) Money Market. C) Capital Market. D) Commodities Market. Show Answer Correct Answer: B) Money Market. 4. Tele banking is attracting the fancy of urban customer due to A) Non-availability of time to visit bank branches. B) Transport bottlenecks. C) Traffic Jams. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. The network for common data communication for Banks and Financial Institutions launched by RBI is..... A) BANKNET. B) INFINET. C) SWIFT. D) INTERNET. Show Answer Correct Answer: A) BANKNET. 6. Which of the following constitutes a significant portion of banks' lending portfolios? A) Money laundering. B) Foreign Exchange. C) Consumer finance. D) Credit finance. Show Answer Correct Answer: C) Consumer finance. 7. Which of the following actions is performed by debenture trustee in case of delayed payment? A) Update the calendar specifying the date of such payment. B) Cancel the payment. C) Register a complaint. D) None of the above. Show Answer Correct Answer: A) Update the calendar specifying the date of such payment. 8. The SBI has signed an agreement with which of the following agencies to obtain a guarantee cover to its loans to Micro and Small Enterprises? A) Export Credit Guarantee Corporation. B) Credit Guarantee Trust. C) Small Industrial Development Bank of India. D) Securities and Exchange Board of India. Show Answer Correct Answer: B) Credit Guarantee Trust. 9. All of the following are examples of Quasi negotiable instruments, under the Negotiable Instrument Act, 1881, except A) Promissory note. B) Dividend warrants. C) Share warrants. D) Bearer debentures. Show Answer Correct Answer: A) Promissory note. 10. Which of the following is the drawee bank in respect of a cheque? A) The payee's bank. B) The bank which collects the cheque. C) The bank on which the cheque is drawn. D) The endorsee's bank. Show Answer Correct Answer: C) The bank on which the cheque is drawn. 11. Which of the following apex body and regulator has asked banks to swap customer-related information so that the frauds and defaults may be prevented in future? A) Bombay Stock Exchange (BSE). B) Indian Banks, Association (IBA). C) Securities and Exchange Board of India (SEBI). D) Reserve Bank of India (RBI). Show Answer Correct Answer: D) Reserve Bank of India (RBI). 12. How many Banking Ombudsmen have been appointed? A) 10. B) 18. C) 15. D) 20. Show Answer Correct Answer: D) 20. 13. Interest below which a bank is not expected to lend to customers is known as.....[SBI Bank 2013] A) Bank Rate. B) Prime Lending Rate. C) Base Rate. D) Deposit Rate. Show Answer Correct Answer: C) Base Rate. 14. In India, merchant-banking activity was originated with the merchant banking division set up by which of the following? A) Grind lays bank. B) Barclays bank. C) Yes bank. D) None of the above. Show Answer Correct Answer: A) Grind lays bank. 15. What is the correct format of a VPA on UPI? A) Abc*upi. B) Abc-upi. C) Abc/upi. D) Abc@upi. Show Answer Correct Answer: D) Abc@upi. 16. Banking Ombudsman is appointed by.....[SBI Bank 2013] A) RBI. B) E C G C. C) State Governments. D) Government of India. Show Answer Correct Answer: A) RBI. 17. Who is having the major stakes in NABARD? A) Central Government. B) Ministry of Finance. C) RBI. D) SBI. Show Answer Correct Answer: A) Central Government. 18. What are the objective taken by NABARD to improve the Rural Banking infrastructure? A) For the development of education in rural area. B) For the development of health of women and children. C) For availability of food grains. D) For insuring Prosperity and Progress integrated development of rural areas. Show Answer Correct Answer: D) For insuring Prosperity and Progress integrated development of rural areas. 19. Which of the following is considered as the financial capital of India? A) New Delhi. B) Kolkata. C) Bangalore. D) None of these. Show Answer Correct Answer: D) None of these. 20. A crossed cheque has been given to you for services rendered. In what way can you get the cheque encashed? A) By presenting it across the counter of the bank branch. B) By sending it through speed clearing. C) By depositing it in your personal bank account. D) Anyone of the above. Show Answer Correct Answer: C) By depositing it in your personal bank account. 21. Which is/are the different categories under priority sector? A) Social Infrastructure. B) Renewable Energy. C) Micro, Small and Medium Enterprises. D) All of above. Show Answer Correct Answer: D) All of above. 22. The usual deposit accounts of banks are A) Current Accounts, Insurance Premium Account and Electricity accounts. B) Current Accounts, Post office Savings account and Term deposit accounts. C) Loan Accounts, Term Deposit accounts and Savings Account. D) Term Deposit accounts, Current Accounts and Savings Account. Show Answer Correct Answer: D) Term Deposit accounts, Current Accounts and Savings Account. 23. Which of the following institution is considered as ' soft loan window'? A) IMF. B) IBRD. C) IFC. D) IDA. Show Answer Correct Answer: D) IDA. 24. Which of the following problems is needed to be resolved under issue management? A) Problems with staff. B) Technical failures. C) Material shortages. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. Which of the followings clearly define the Syndicate Underwriting? A) It is underwriting in which, two or more agencies or underwriters jointly underwrite an issue of. B) It is one in which an underwriter gets a part of the issue further underwritten by another agency. C) It is one in which the underwriters apply for a block of securities. D) None of the Above. Show Answer Correct Answer: A) It is underwriting in which, two or more agencies or underwriters jointly underwrite an issue of. 26. What is India's Apex Tax body? A) RBI. B) CBDT. C) IT Department. D) GAAR. Show Answer Correct Answer: B) CBDT. 27. Smart card can be A) An embedded circuit with micro processor chip embedded in it so that it could perform calculations maintain records and act as electronic pursue. B) Built in facility for protection against fraudulent operations. C) Can either be rechargeable or exchangeable. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. The working group set up by the RBI has suggested the launch of an Emergency Fund Facility Scheme for banks. This scheme will help which of the following types of banks? A) Public Sector Banks. B) Small Banks. C) Urban Cooperative Banks. D) Private Banks. Show Answer Correct Answer: C) Urban Cooperative Banks. 29. Under which category, will you classify Regional Rural Banks (RRBs)? A) Private sector banks. B) Development banks. C) Scheduled commercial banks. D) Co-operative banks. Show Answer Correct Answer: C) Scheduled commercial banks. 30. Slogan of poverty Abolition was given in which Five Year Plan? A) Second five year plan. B) First five year plan. C) Fifth fiver year plan. D) Third five year plan. Show Answer Correct Answer: C) Fifth fiver year plan. ← 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