This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 17 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What should br the CRAR for NBFCs as sponsors of IDF-MF? A) 25%. B) 35%. C) 15%. D) 20%. Show Answer Correct Answer: C) 15%. 2. RBI is lender of last resort which reveals A) RBI advances money to public whenever there is any emergency. B) Commercial banks give fund to the RBI. C) RBI advances necessary credit against eligible securities to financial institutions. D) All of the above. Show Answer Correct Answer: C) RBI advances necessary credit against eligible securities to financial institutions. 3. Recently the Reserve Bank penalised three banks for violation of KYC norms and antimoney laundering guidelines. Which one is not among them? A) HDFC. B) ICICI. C) Kotak Mahindra Bank. D) Axis Bank. Show Answer Correct Answer: C) Kotak Mahindra Bank. 4. Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India? A) Ministry of Finance. B) IRDA. C) RBI. D) SEBI. Show Answer Correct Answer: C) RBI. 5. National Spot Exchange (NSEL) is the news for defaulting payments to investors. Who is the founder promoter of FT? A) Jignesh Shah. B) Harshad Mehta. C) A K Telgi. D) Ketan Parekh. Show Answer Correct Answer: A) Jignesh Shah. 6. Which of the following give finance to young, start-up companies? A) Venture capital firm. B) Finance company. C) Small-business finance company. D) Capital-creation company. Show Answer Correct Answer: A) Venture capital firm. 7. Which of the following organisations is known as the market regulator in India? [Syndicate Bank 2009] A) NSDL. B) AMFI. C) SEBI. D) IBA. Show Answer Correct Answer: C) SEBI. 8. Zero balance account is generally allowed to be opened for A) Foreign customers. B) Children. C) Businessmen. D) Salaried class. Show Answer Correct Answer: D) Salaried class. 9. Self Help Group (SHG) Bank Linkgage programme was first launched by A) SBI. B) RRBs. C) RBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 10. Basel-II norms are associated with which of the following aspects of the banking industry? [Punjab & Sindh 2011] A) Risk management. B) Corporate Governance. C) Retirement benefits for the employees. D) Manpower planning. Show Answer Correct Answer: A) Risk management. 11. A 'closed economy is an economy in which A) The deficit financing takes place. B) The money supply is full. C) Only exports takes place. D) Neither exports nor imports takes place. Show Answer Correct Answer: D) Neither exports nor imports takes place. 12. The primary objective of selective credit control is..... A) To raise the cost of credit for all purposes. B) To decrease the total supply of credit in the economy. C) To regulate total Bank credit and general level of interest rates. D) To influence allocation of credit among different borrowers and users. Show Answer Correct Answer: D) To influence allocation of credit among different borrowers and users. 13. Moral Suasion is the instrument of A) Monetary Policy. B) Budget. C) Trade Policy. D) Fiscal Policy. Show Answer Correct Answer: A) Monetary Policy. 14. Voting rights in the IMF are distributed on the basis of A) One country, one vote. B) Proportion to the share of the income of the country in the world income. C) Proportion to contributions given by each country. D) Proportion to quota allotted to countries from time to time. Show Answer Correct Answer: D) Proportion to quota allotted to countries from time to time. 15. In context of business and banking, what is CRAR? A) Capital to Risk (Weighted) Asset Ratio. B) Credit to Risk Assessment Ratio. C) Capital to Risk Assessment Rate. D) Credit to Risk Asset Ratio. Show Answer Correct Answer: A) Capital to Risk (Weighted) Asset Ratio. 16. As per the new guidelines issued by RBI, the minimum required capital to set up a bank by corporates is set at..... A) Rs. 500 crore. B) Rs. 400 crore. C) Rs. 600 crore. D) Rs. 700 crore. Show Answer Correct Answer: A) Rs. 500 crore. 17. Which of the following is the objective of Financial Stability and Development Council? A) To address inter-regulatory issues only. B) To focus on financial literacy only. C) To focus on financial inclusion only. D) All the above. Show Answer Correct Answer: D) All the above. 18. Banks, today, in addition to normal banking services, offer which of the following services? [Corporation Bank 2011] A) Internet Banking. B) Depository Services. C) Financial Counselling Services. D) All the above. Show Answer Correct Answer: D) All the above. 19. Parallel economy emerges due to A) Tax Evasion. B) Tax Compliance. C) Tax Avoidance. D) Tax Estimation. Show Answer Correct Answer: C) Tax Avoidance. 20. Financial inclusion is being emphasised by RBI for A) Providing basic banking services to the unbanked areas. B) Providing loans to the unbanked population. C) Opening accounts for the poor. D) Bringing branches of all banks under one authority. Show Answer Correct Answer: A) Providing basic banking services to the unbanked areas. 21. Gilt-Edged market means..... A) Gun Market. B) Market of Government Securities. C) Market of Pure Metal. D) Bull Market. Show Answer Correct Answer: B) Market of Government Securities. 22. RBI reduced the Marginal Standing Facility (MSF) Rate to 9% from A) 0.099. B) 9.50%. C) 9.80%. D) 9.30%. Show Answer Correct Answer: B) 9.50%. 23. Which section of the RBI Act allows the RBI to form rules regarding the exchange of damaged and imperfect notes? A) 17. B) 42(1). C) 21. D) 28. Show Answer Correct Answer: D) 28. 24. According to "Micro small medium enterprise development Act-2006 (MSME Act-2006)" investment limit for micro enterprise in manufacturing sector is A) Less than Rs. 25 lakh. B) Less than Rs. 10 lakh. C) Rs. 20 crore. D) Rs. 50 lakh. Show Answer Correct Answer: A) Less than Rs. 25 lakh. 25. What is the share of Sponsor Banks in the Regional Rural Banks? A) 75%. B) 25%. C) 15%. D) 35%. Show Answer Correct Answer: D) 35%. 26. An account in which trading of shares in their electronic form is done, is known as A) D-mat account. B) NRI account. C) NRIO account. D) Current account. Show Answer Correct Answer: A) D-mat account. 27. When a bank returns a cheque unpaid, it is called [IBPS 2011] A) Dishonor of the cheque. B) Cancelling of the cheque. C) Drawing of the cheque. D) Payment of the cheque. Show Answer Correct Answer: A) Dishonor of the cheque. 28. Who of the following plays the vital role in setting up of National Housing Bank? A) K. R. Puri. B) Dr. Minoan Singh. C) C. Rangarajan. D) None of the Above. Show Answer Correct Answer: C) C. Rangarajan. 29. Coins which were minted in with the 'Hand Picture' are available since (IOB 2010) A) 2000. B) Independence. C) 2005. D) 1965. Show Answer Correct Answer: C) 2005. 30. Raising or lowering of the central bank discount rate is known as..... A) Bank rate policy. B) Open market operation. C) Cash reserve ratio. D) B and C. Show Answer Correct Answer: A) Bank rate policy. ← 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