This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 20 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ICICI started merchant banking in which of the following years? A) 1974. B) 1980. C) 1981. D) 1978. Show Answer Correct Answer: A) 1974. 2. Reserve Bank of India relies on data submitted by Banks and quality of data is of great importance. In order to meet the need for correct and consistent data, RBI has initiated the project on ADF. What is the full form of ADF? A) Automated Data Flow. B) Automatic Document Feeder. C) Automatically Defined Function. D) Automatic Direction Finder. Show Answer Correct Answer: A) Automated Data Flow. 3. In India, main Products of Retail Banking are..... A) Loan products. B) Card Products. C) Deposit Products. D) All of these. Show Answer Correct Answer: D) All of these. 4. What is RS.future trading'? A) A trade between any two stock exchanges. B) An agreement between two parties to buy or sell an underlying asset in the future at a. C) An agreement between stock exchanges that they will not trade the stocks of each other. D) None of the above. Show Answer Correct Answer: B) An agreement between two parties to buy or sell an underlying asset in the future at a. 5. Investment of CIC in the equity shares in group companies constitutes not less than how much percent of its net assets? A) 50%. B) 80%. C) 60%. D) 70%. Show Answer Correct Answer: C) 60%. 6. S.K. Jain, who was arrested by the CBI on charges of allegedly accepting a bribe of Rs. 50 lakh to enhance the credit limit of some companies, was the Chairman and Managing Director (CMD) of which publicsector bank? A) Oriental Bank of Commerce. B) Indian Bank. C) UCO Bank. D) Syndicate Bank. Show Answer Correct Answer: D) Syndicate Bank. 7. After the recommendations of which of the following committee the Regional Rural Banks were setup? A) Kapoor Committee. B) Rangarajan Committee. C) Narasimhan Committee. D) Sarayya Committee. Show Answer Correct Answer: C) Narasimhan Committee. 8. In TRIPS, what does 'I' stand for? A) Information. B) Infra. C) Indian. D) Intellectual. Show Answer Correct Answer: D) Intellectual. 9. In primary markets, property of shares which made it easy to sell newly issued security is considered as which of the following? A) Large funds. B) Money flow. C) Increased liquidity. D) Decreased liquidity. Show Answer Correct Answer: C) Increased liquidity. 10. Two parallel transverse lines on the face of the cheque is called as crossing and when a name of a bank is included between the two lines, it is called as A) General crossing. B) Special crossing. C) Bouble crossing. D) Bank crossing. Show Answer Correct Answer: B) Special crossing. 11. What is the limit on the amount of compensation as specified in an Award? A) Rs. 10 lakh. B) Rs. 18 lakh. C) Rs. 15 lakh. D) Rs. 20 lakh. Show Answer Correct Answer: D) Rs. 20 lakh. 12. What is international banking? A) Providing of variety of financial services to the customers who are living outside their home country. B) Providing of financial services to the customers who are living in home country. C) Banking between two countries. D) All of the above. Show Answer Correct Answer: A) Providing of variety of financial services to the customers who are living outside their home country. 13. Pension plan in which benefits of pension is paid in by both parties involved, such as employers and employees is classified as which of the following? A) Contributory plan. B) Non-discretionary plan. C) Discretionary plan. D) Non-contributory plan. Show Answer Correct Answer: A) Contributory plan. 14. Which of the following is not true about Immediate Payment Service (IMPS)? A) To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID). B) Internet Banking Account facilitates IMPS to transfer money to any account. C) The facility is provided by National Payments Corporation of India through its existing NFS switch. D) IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. Show Answer Correct Answer: A) To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID). 15. Which of the following is a third party product often sold by banks? A) Gift cheques. B) Credit cards. C) Mutual funds. D) Debit cards. Show Answer Correct Answer: C) Mutual funds. 16. Which one of the followings is known as the father of Leasing Financing in India? A) C.R Pachauri. B) Nandan Nilekani. C) Farouk Irani. D) A C Muthia. Show Answer Correct Answer: C) Farouk Irani. 17. The Deposit Insurance Act came in to force in on 1st January A) 1954. B) 1948. C) 1962. D) 1979. Show Answer Correct Answer: C) 1962. 18. Usually, the validity period of an Income Tax Refund Order is: A) 3 months. B) 6 months. C) 1 month. D) 2 months. Show Answer Correct Answer: A) 3 months. 19. Which nationalised bank sponsored the Prathama Bank? A) Syndicate bank. B) Punjab National Bank. C) State Bank of India. D) Allahabad Bank. Show Answer Correct Answer: A) Syndicate bank. 20. Quantitative instrument of RBI can be A) Bank Rate Policy (BRP). B) Cash Reserve Ratio (CRR). C) Statutory Liquidity Ratio (SLR). D) All of these. Show Answer Correct Answer: D) All of these. 21. If there is an inflationary trend in the economy what would be the trend in the pricing of the Bank products? A) Constant trend. B) There is no relevance of the inflation in pricing of the banking products. C) Decreasing trend. D) Increasing trend. Show Answer Correct Answer: D) Increasing trend. 22. CSO was established in the year..... A) 1952. B) 1951. C) 1957. D) 1954. Show Answer Correct Answer: B) 1951. 23. Using futures contracts to transfer price risk is known as which of the following? A) Speculating. B) Diversifying. C) Hedging. D) Arbitrage. Show Answer Correct Answer: C) Hedging. 24. What is full form of RXIL? A) Receivable Experience of India Limited. B) Reserve Exchange of India Limited. C) Receivable Exchange of India Limited. D) Reserve Exchange of India Location. Show Answer Correct Answer: C) Receivable Exchange of India Limited. 25. Which country did not participated in the 44th World Economic Forum? A) India. B) Israel. C) Iran. D) None of these. Show Answer Correct Answer: D) None of these. 26. Exim Bank extends facility of A) Rediscounting of foreign bills of commercial banks. B) Advisory services to the exporters. C) Research and market surveys. D) All of the above. Show Answer Correct Answer: D) All of the above. 27. First PCR was established in which of the following country? A) Japan. B) Sweden. C) Germany. D) Australia. Show Answer Correct Answer: C) Germany. 28. What is the duration for which RBI makes the WMA to the state governments? A) 60 days. B) 90 days. C) 30 days. D) 180 days. Show Answer Correct Answer: B) 90 days. 29. What was the objective of starting cooperative banking in India? A) To act as competitors to commercial banks. B) To be solely for the agriculture sector. C) To start self help groups. D) To replace moneylenders and indigenous bankers. Show Answer Correct Answer: D) To replace moneylenders and indigenous bankers. 30. When RBI reduce the CRR it results into A) Increase in deposit. B) Decrease in lendable resources. C) Decrease in deposit. D) Increase in lendable resources. Show Answer Correct Answer: D) Increase in lendable resources. ← 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