This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 15 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The activity of purchasing shares of various companies is called A) Real estate investment. B) Online Trading. C) Corporate Trading. D) Share Trading. Show Answer Correct Answer: D) Share Trading. 2. Which of the following is not included in National Income Accounts? A) Second hand goods. B) Transaction in stock markets. C) Transfer payments. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Which of the following statements is incorrect regarding RTGS system? A) The minimum amount that can be remitted is Rs. 2 lakh. B) The system operates on DNS (Deferred Net Settlement) basis. C) The transactions take place in real time. D) Service charges for RTGS transactions vary from one bank to another. Show Answer Correct Answer: B) The system operates on DNS (Deferred Net Settlement) basis. 4. Which of the following is incorrect about the recommendations of Narasimham Committee Report, 1998? A) Reduced CRR and SLR. B) Deregulation of Interest Rate. C) Establishment of the ARF Tribunal. D) Fixing Prudential Norms. Show Answer Correct Answer: C) Establishment of the ARF Tribunal. 5. Almost all banks in our country have introduced facility for granting crop loans to farmers. A) Term Loans. B) Bank Guarantee. C) Foreign Exchange. D) Kisan Credit Cards. Show Answer Correct Answer: D) Kisan Credit Cards. 6. NABARD provides refinance assistance for A) Promotion of agriculture. B) Promotion of small scale industries. C) Cottage and village industries. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. Certificates of Deposits can be issued for a minimum period of..... A) 6 months. B) 1 year. C) 3 months. D) 4 months. Show Answer Correct Answer: C) 3 months. 8. Paid-up share capital of Regional Rural Bank (RRB) is contributed by A) Central Government. B) State Government. C) Central Government, State Government and the Sponsor Commercial Bank in the ratio of 50: 15: 35 respectively. D) NABARD, the concerned State Government and the Sponsor Commercial Bank in the ratio of 60: 20: 20 respectively. Show Answer Correct Answer: B) State Government. 9. Sub-prime refers to A) Lending done by banks at rates below PLR. B) Funds raised by the banks at sub libor rates. C) Group of banks which are not rate as prime banks as per banker's almanac. D) Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. Show Answer Correct Answer: D) Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards. 10. Crisis Management Center for women will be open at? A) Kolkata. B) Delhi. C) Bangalore. D) Mumbai. Show Answer Correct Answer: B) Delhi. 11. Which of the following can be categories as a Merchant Banking service? A) Consultancy on finance to a company. B) Advance in capital structure. C) Managing mergers. D) All the above. Show Answer Correct Answer: D) All the above. 12. What was the motive to bring the Payment and Settlement Systems Act, 2007 into being? A) To provide for the regulation and supervision of payment systems. B) To designate RBI as the authority. C) Matters connected therewith or incidental thereto. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Which of the following comes under Statutory Pre-emotions? A) Cash Reserve Ratio. B) Statutory Liquidity Ratio. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 14. Which of these banks are not-for-profit banks owned by the depositor? A) Cooperative banks. B) Merchant banks. C) Land Banks. D) None of the above. Show Answer Correct Answer: A) Cooperative banks. 15. Which of the following banks has been included in the second Schedule to the RBI Act, 1934 with effect from 21st August, 2004 and thus, is the latest entrant in Indian banking as a new generation private sector bank? A) Yes Bank Limited. B) Kotak Mahindra Bank Limited. C) HDFC Bank Limited. D) ICICI Bank Limited. Show Answer Correct Answer: A) Yes Bank Limited. 16. Which of the following terms indicates a mechanism used by commercial banks for providing credit to the government? A) Statutory Liquidity Ratio. B) Liquidity Adjustment Facility. C) Debt Service Obligation. D) Cash Credit Ratio. Show Answer Correct Answer: A) Statutory Liquidity Ratio. 17. Which of the following documents are considered as officially valid documents for the proof of identity? A) Driving Licence card. B) MNREGA Job Card. C) Aadhar Card. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. India Development Bond was issued in 1991-92 by..... A) SBI. B) NHB. C) UTI. D) RBI. Show Answer Correct Answer: A) SBI. 19. We often see the names of two personalities in newspapers/magazines/electronic media. These names are Dr. C Rangarajan and Dr Bimal Jalan. In their lives, one thing in common. That is A) Both are the chief economic advisors to Prime Minister of India. B) Both are Members of Parliament. C) Both are former Governors of RBI. D) Both were Finance Ministers of India. Show Answer Correct Answer: C) Both are former Governors of RBI. 20. The commercial paper is issued to raise deposits by..... A) Every Non-Banking company. B) Commercial Banks. C) Reserve Bank of India. D) State Bank of India. Show Answer Correct Answer: B) Commercial Banks. 21. When was Self Help Group introduced in India? A) 1992. B) 1980. C) 1996. D) 2000. Show Answer Correct Answer: A) 1992. 22. Who was the chairman of Committee on Deepening of Digital Payments formed by RBI? A) Nandan Nilekani. B) Sanjay Jain. C) Kishore Sansi. D) Nachiket Mor. Show Answer Correct Answer: A) Nandan Nilekani. 23. Which of the following measures can check Inflation? A) Surplus Budgeting. B) Increase in direct taxation. C) Curtailment in public expenditure. D) All of the above. Show Answer Correct Answer: D) All of the above. 24. Which among the following companies has topped the Fortune Global 500 list of the world's biggest companies? A) Sinopec Group. B) Indian Oil Corp. C) Wal-Mart. D) Exxon Mobil. Show Answer Correct Answer: C) Wal-Mart. 25. For what kind of transactions, are demat accounts necessary? A) For having mobile banking facilities. B) For taking retail loans from banks. C) For trading in shares of companies. D) For non resident account. Show Answer Correct Answer: C) For trading in shares of companies. 26. BEF is the statement which banks submit to RBI relating to: A) Non performing assets. B) Over due export bills. C) Transactions in US Dollars. D) Importers who have not submitted documentary evidence for import within stipulated time period. Show Answer Correct Answer: D) Importers who have not submitted documentary evidence for import within stipulated time period. 27. When the loan is granted for purchase of white goods, it is called A) Business loan. B) White goods loan. C) Consumption loan. D) Consumer durable loan. Show Answer Correct Answer: D) Consumer durable loan. 28. RRB's were established on the recommendations of..... A) B.Shivraman Committee. B) Narsimham committee. C) S. M. Kelkar committee. D) N. L. Dantwala committee. Show Answer Correct Answer: B) Narsimham committee. 29. Which was the first bank to introduce ATM in India? A) ICICI. B) IDBI. C) HSBC. D) UTI. Show Answer Correct Answer: C) HSBC. 30. With which bank South Gujarat Local Area Bank Ltd was merged in 2004? A) Syndicate Bank. B) Punjab National Bank. C) Bank of Baroda. D) State Bank of India. Show Answer Correct Answer: C) Bank of Baroda. ← 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