This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 13 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which among the following countries will become the 19th member of the eurozone as it is set to adopt the euro on 1 January 2015? A) Greece. B) Portugal. C) Latvia. D) Lithuania. Show Answer Correct Answer: D) Lithuania. 2. What is the name of the scheme proposed for hygiene and cleanliness in the recent Union Budget 2014-15? A) Bharat Sudhhikaran Yojna. B) Bharat Swach Yojna. C) Bharat Nirmal Yojna. D) Bharat Nirman Yojna. Show Answer Correct Answer: B) Bharat Swach Yojna. 3. Which of the following accounts is intended to manage the income earned in India from sources like pension, dividend, rent, etc? A) NRO account. B) NRE account. C) NRI account. D) None of the above. Show Answer Correct Answer: A) NRO account. 4. The organisation is responsible for calculating National Income is A) SBI. B) RBI. C) NSSO. D) CSO. Show Answer Correct Answer: D) CSO. 5. As per section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act are? A) Compoundable. B) Non-compoundable. C) Cognizable. D) None of the above. Show Answer Correct Answer: A) Compoundable. 6. Which of the following is not the key element of the KYC Policy? A) Customer Acceptance Policy. B) Customer Identification Procedures. C) Monitoring of Transactions. D) None of the Above. Show Answer Correct Answer: D) None of the Above. 7. The National Commodity and Derivatives Exchange Limited (NCDEX) is located in which of the following cities? A) Mumbai. B) Jaipur. C) Kolkata. D) Hyderabad. Show Answer Correct Answer: A) Mumbai. 8. When making repayments on a lease, the profit and loss account will contain which items relevant to the lease? A) Neither interest or instalment charges. B) Instalment charges only. C) Interest and instalment charges. D) Interest only. Show Answer Correct Answer: D) Interest only. 9. Loans of small or very small amounts given to low-income-group people are known as A) Secured loans. B) Saving loans. C) Investment Loans. D) Micro Credit. Show Answer Correct Answer: D) Micro Credit. 10. What is the full form of IPO in IPO issue manager? A) Interactive Persuasive Offering. B) Initial Public Offering. C) Immediate Public Offering. D) Noneof the above. Show Answer Correct Answer: B) Initial Public Offering. 11. Bridge loans refer to A) Loans granted to construction companies for construction of bridges. B) Loan granted to PWD for construction of bridges over rivers. C) Interim finance allowed by banks to their customers, pending disbursement of term loans by financial institutions. D) Loan granted to Railway for construction of bridges. Show Answer Correct Answer: C) Interim finance allowed by banks to their customers, pending disbursement of term loans by financial institutions. 12. Where is the Headquarters of World Trade Organisation? A) New York. B) Rome. C) New Delhi. D) Geneva. Show Answer Correct Answer: D) Geneva. 13. What is e-payment? A) Electronic payment for buying and selling through the Internet. B) Payment of online software. C) Payment of online services. D) None of the above. Show Answer Correct Answer: A) Electronic payment for buying and selling through the Internet. 14. Non-performing assets are cause for serious concerns for banks. Why are these loans known as non-performing? A) Recovery of bank's funds are difficult. B) Interest on these accounts are not charged. C) Banks have to make provision for these loans in their balance sheet. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following are the scheduled banks? A) The Fuji Bank Limited. B) IDBI Bank Limited. C) Centurian Bank of Punjab Limited. D) All of the above. Show Answer Correct Answer: B) IDBI Bank Limited. 16. Which one of the following may be the consequence of buying forex in the market by the RBI? A) It results into deflation. B) It leads to control over inflation. C) It leads to inflation. D) It does not affect inflation. Show Answer Correct Answer: A) It results into deflation. 17. When was the Industrial Finance Corporation of India setup in India? A) 1951. B) 1991. C) 1945. D) 1948. Show Answer Correct Answer: D) 1948. 18. A banking system where all operations are confined to a single office is known as..... A) Unit Banking. B) Branch Banking. C) Group Banking. D) Chain Banking. Show Answer Correct Answer: A) Unit Banking. 19. Small savings Scheme like National Savings Certificates, Public Provident Fund, Monthly Income Schemes are popular among the salaried people. Which financial institutions manage these schemes? A) Commercial banks. B) Co-operative banks. C) Public sector banks. D) Post offices. Show Answer Correct Answer: D) Post offices. 20. In a bank which of the following are the usual types of Deposits accounts? A) Savings accounts, Electricity accounts and Insurance Premium accounts. B) Fixed deposits, Post office Savings Bank accounts and Current Deposit accounts. C) Current Accounts, Saving Bank accounts and Term Deposit accounts. D) Loan accounts, Savings Bank accounts and Term Deposit accounts. Show Answer Correct Answer: C) Current Accounts, Saving Bank accounts and Term Deposit accounts. 21. The debenture holders of a company are its..... A) Debtors. B) Partners. C) Creditors. D) Employees. Show Answer Correct Answer: C) Creditors. 22. Banking Regulation Act 1949 does not apply to..... A) Nationalised Banks. B) Foreign Banks having branches in india. C) State Bank of India and its associates Banks. D) Primary agricultural credit socities and co-operative land mortgage banks. Show Answer Correct Answer: D) Primary agricultural credit socities and co-operative land mortgage banks. 23. A scheduled bank is one A) Which has its name added to the second schedule of the Reserve Bank of India Act, 1934. B) Which conforms to the requirements of Schedule III of the Banking Regulation Act, 1949. C) Which has been declared as a scheduled bank by the Government of India. D) Which has deposits exceeding Rs. 10 crore. Show Answer Correct Answer: A) Which has its name added to the second schedule of the Reserve Bank of India Act, 1934. 24. Under the scheme of Co-operative Agricultural Credit developed in India, the state Co-operative Bank has been considered such a vital link that A) It has been given a status comparable to that of a scheduled bank. B) For certain purposes, the central financing agencies have been treated as its branches. C) Both A and B. D) All. Show Answer Correct Answer: C) Both A and B. 25. Which of the followinf is/are uses of foreign exchange reserves? A) Back liablities on their own. B) Influence Monetary policy. C) Both 1 and 2. D) None of the above. Show Answer Correct Answer: C) Both 1 and 2. 26. When did Negotiable Instruments Act, 1881 came into force? A) 9th December, 1881. B) 19th December, 1881. C) 1st March, 1882. D) None of the above. Show Answer Correct Answer: C) 1st March, 1882. 27. What is notice money? A) It is an overnight loan in the money market. B) It is loan of above 1 day to 14 days in the money market. C) It is loan of above 14 day to 364 days in the money market. D) None of the above. Show Answer Correct Answer: B) It is loan of above 1 day to 14 days in the money market. 28. Which of the following is not a contributing factor to micro-credits? A) KYC norms. B) Pre-payment charges. C) EMI. D) Collaterals. Show Answer Correct Answer: D) Collaterals. 29. With a view to improving the performance of RRBs and giving more powers and flexibility to their boards in decisionmaking, the Reserve Bank had constituted task force on empowering the RRB Boards for Operational Efficiency. The task force was headed by A) KG Karmakar. B) SS Tarpore. C) Rangarajan. D) None of the above. Show Answer Correct Answer: D) None of the above. 30. Which RBI department regulates the Non-Banking Financial Companies? A) UBD. B) DBOD. C) DBS. D) DNBS. Show Answer Correct Answer: D) DNBS. ← 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