This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 19 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not included in infrastructure in India? A) Transport. B) Education. C) Telecommunications. D) Energy. Show Answer Correct Answer: B) Education. 2. Which of the following is a form of "Small Savings Bank" popular among the poor or children? A) Core Banking. B) Credit Banking. C) Debit Card. D) Piggy Banking. Show Answer Correct Answer: D) Piggy Banking. 3. The Export Import Bank of India was set-up in A) April, 1982. B) July, 1969. C) April, 1970. D) January, 1982. Show Answer Correct Answer: D) January, 1982. 4. Banks, today, in addition to normal banking services, offer which of the following services? A) Internet Banking. B) Depository Services. C) Financial Counselling Services. D) All the above. Show Answer Correct Answer: D) All the above. 5. In India 'Report on Currency and Finance' is the annual publication of A) RBI. B) SEBI. C) Finance Commission. D) Finance Ministry. Show Answer Correct Answer: A) RBI. 6. The Reserve Bank of India has power to print currency notes of up to Rs.? A) 5, 000. B) 15000. C) 10, 000. D) 1, 000. Show Answer Correct Answer: C) 10, 000. 7. Which of the following is the regulator of money market? A) RBI. B) Government of India. C) Telecom Regulatory authority. D) None of these. Show Answer Correct Answer: A) RBI. 8. Which is the largest associates bank of State Bank of India? A) State Bank of Patiala. B) State Bank of Hyderabad. C) State Bank of Bikaner and Jaipur. D) State Bank of Saurashtra. Show Answer Correct Answer: B) State Bank of Hyderabad. 9. A performance and credit rating scheme has been launched by the MSME Ministry to assess creditworthiness and capabilities of industries in the sector. What is it called? A) Zero Defect Zero Effect Certification. B) Performance and Economy Rating Scheme. C) Performance and Credit Rating Scheme. D) None of the above. Show Answer Correct Answer: C) Performance and Credit Rating Scheme. 10. In period of depression when the Reserve Bank desires to encourage the banking system to create more credit it A) Reduces the bank rate. B) Raises the bank rate. C) Permits the bank rate to be decided by market forces. D) All of the above. Show Answer Correct Answer: A) Reduces the bank rate. 11. Banks recover term loan from the parties in EMIs. What does the letter 'E' represent in the term? A) Equated. B) Essential. C) Effective. D) Easy. Show Answer Correct Answer: A) Equated. 12. The bank rate means A) Rate of interest charged by commercial banks from borrowers. B) Rate of interest at which commercial banks discounted bills of their borrowers. C) Rate of interest allowed by commercial banks on their deposits. D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks. Show Answer Correct Answer: D) Rate at which RBI purchases or rediscounts bills of exchange of commercial banks. 13. How much amount has been allocated to for Internet connectivity in villages, in the recent Union Budget 2014-15? A) Rs. 150 Crore. B) Rs. 200 Crore. C) Rs. 100 Crore. D) Rs. 500 Crore. Show Answer Correct Answer: D) Rs. 500 Crore. 14. Which one of the following tools is used by RBI for selective credit control? A) It advises banks to lend against certain commodities. B) It advises banks to recall the loans for advances against certain commodities. C) It advises banks to charge higher rate of interest for advance against certain commodities. D) It discourages certain kinds of lending by assigning higher risk weights to loans it deems undesirable. Show Answer Correct Answer: B) It advises banks to recall the loans for advances against certain commodities. 15. Banking Ombudsman Scheme is applicable to the business of.....[IBPS 2012] A) All scheduled commercial banks excluding RRBs. B) All scheduled commercial banks including RRBs. C) Only Public Sector Banks. D) All Banking Companies. Show Answer Correct Answer: B) All scheduled commercial banks including RRBs. 16. With reference to the Micro Finance Institutions, which of the following statements is correct? A) At present, MFl obtain finance from banks according to RBI guidelines. B) MFIs provide small scale credit to low income households and small informal businesses. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: B) MFIs provide small scale credit to low income households and small informal businesses. 17. RBI prescribes the cash reserve ratio to be maintained by banks as part of prudential norms. In what way is this cash reserve maintained by the banks? A) Each bank keeps the reserve in their respective head offices. B) It is kept as reserves of gold with RBI. C) It is maintained as investments in government bonds. D) It is maintained as cash with RBI. Show Answer Correct Answer: D) It is maintained as cash with RBI. 18. Which of the following is the major marine food export item of India? A) Frozen Crab. B) Frozen Shrimp. C) Cephalopod. D) Frozen Fish. Show Answer Correct Answer: D) Frozen Fish. 19. How many banks are there in India which have been authorized to deal in Foreign Exchange? A) 107. B) 92. C) 64. D) 82. Show Answer Correct Answer: D) 82. 20. CRR refers to the share of.....that rural banks have to maintain with RBI of their net demand and time liabilities? A) Liquid cash. B) Illiquid cash. C) Forex reserves. D) Gold. Show Answer Correct Answer: A) Liquid cash. 21. Which of the following are the roles of Self Help Groups? A) Income generation for poor. B) Access to banks for poor, financial inclusion. C) Social Upliftment of marginal sections. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. Foreign Exchange is also called as which of the following? A) Domestic Monetary Unit. B) Foreign Monetary Unit. C) International Monetary Unit. D) None of the Above. Show Answer Correct Answer: B) Foreign Monetary Unit. 23. Financial year in banks is a period from A) January to April. B) May to June. C) January to December. D) April to March. Show Answer Correct Answer: D) April to March. 24. Non-Banking Financial Companies (NBFC) are registered under which act? A) Companies Act, 1970. B) Companies Act, 1967. C) Companies Act, 1958. D) Companies Act, 1956. Show Answer Correct Answer: D) Companies Act, 1956. 25. Indian Stock Market deals in..... A) Shares. B) Debentures. C) Forward Contracts. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. Capital Market Regulator is [BOB 2008] A) SEBI. B) NSE. C) IRDA. D) RBI. Show Answer Correct Answer: A) SEBI. 27. RBI has recently deregulated the rates of interest to be provided by various banks to their depositors/customers with effect from 25th October, on their accounts. A) Loan. B) Fixed deposit. C) Time deposit. D) Saving bank. Show Answer Correct Answer: D) Saving bank. 28. One of the delivery channel for Micro Finance is SHG model. SHG means? A) Soar Help Group. B) Self Hope Group. C) Self Help Group. D) Sake Help Group. Show Answer Correct Answer: C) Self Help Group. 29. Basel I, which was issued in 1988, focuses on the A) Capitaladequacyoffinancialinstitutions. B) Improvement of the banking sector's ability to deal with financial and economic stress. C) Technology upgradation. D) Training of banking staff. Show Answer Correct Answer: A) Capitaladequacyoffinancialinstitutions. 30. Personal Loans are also called as by which of the following names? A) Signature Loans. B) Unsecured Loans. C) Consumer Loans. D) All of the Above. Show Answer Correct Answer: D) All of the Above. ← 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