This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 21 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which country BNP Paribas bank belongs to? A) Netherlands. B) Canada. C) France. D) Portugal. Show Answer Correct Answer: C) France. 2. The lead bank scheme for public sector banks does not cover A) Metropolitan cities. B) All states and union territories. C) Backward distance. D) Rural areas only. Show Answer Correct Answer: A) Metropolitan cities. 3. On march 1, 1992, Reserve Bank of India announced a new system of exchange rates known as A) Partial convertibility. B) Liberalized exchange rate system. C) Both A and B. D) None of these. Show Answer Correct Answer: C) Both A and B. 4. Which of the following organisations releases "World Economic Outlook" Report? A) International Monetary Fund. B) Asian Development Bank. C) World Trade Organisation. D) World Bank. Show Answer Correct Answer: A) International Monetary Fund. 5. Who among the following finalised Lead Bank scheme? A) Government of India. B) IRDA. C) RBI. D) None of the above. Show Answer Correct Answer: C) RBI. 6. Which international finance entity launched a$ 2.5-billion onshore Indian rupee bond programme recently so as to strengthen the capital market and support infrastructure development in India? A) International Finance Organisation (IFO). B) International Union for Housing Finance (IUHF). C) Public Finance International (PFI). D) International Finance Corporation (IFC). Show Answer Correct Answer: D) International Finance Corporation (IFC). 7. Which of the following is not considered a money market instrument? A) Treasury bills. B) Repurchase Agreement. C) Commercial Paper. D) Shares and bonds. Show Answer Correct Answer: D) Shares and bonds. 8. Which of the following company started the first Factoring business service in India? A) SBI Factors and Commercials Limited. B) IFCI Factors Limited. C) Siemens Factoring Private Limited. D) Canbank Factors Limited. Show Answer Correct Answer: A) SBI Factors and Commercials Limited. 9. If some people wish to start a banking company in India, they certainly need a permission of the A) Institute of Chartered Accountants in India. B) Indian Banks Association. C) Ministry of Finance. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 10. The National Rural Employment Guarantee Act is now known by which of the following names? A) Indira Gandhi Rural Employment Guarantee Act. B) Rajiv Gandhi Rural Employment Guarantee Act. C) Jawaharlal Nehru Rural Employment Guarantee Act. D) Mahatma Gandhi Rural Employment Guarantee Act. Show Answer Correct Answer: D) Mahatma Gandhi Rural Employment Guarantee Act. 11. Which of these is not a new private sector bank? A) Kotak Mahindra Bank. B) Axis Bank. C) IDFC. D) Lakshmi Vilas Bank. Show Answer Correct Answer: D) Lakshmi Vilas Bank. 12. National Federation of Sate Co-operative Banks A) Provides a common forum to the member banks. B) Promotes and protects the interests of the member banks. C) Co-ordinate and liaison with Government of India and RBI. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Which is the principal institution for promotion, financing and development of small scale industries in the country? A) IDBI. B) SBI. C) SIDBI. D) RBI. Show Answer Correct Answer: C) SIDBI. 14. Which schedule of Reserve Bank of India Act, 1934 contains the list of Scheduled Banks in India? A) 1st. B) 3rd. C) 2nd. D) 4th. Show Answer Correct Answer: C) 2nd. 15. Which of these states are not served by RBI as its banker? A) Assam. B) Goa. C) Arunachal Pradesh. D) Sikkim. Show Answer Correct Answer: D) Sikkim. 16. Which of the following best describes the Securities and Exchange Board of India? A) SEBI is the regulator for the capital markets. B) SEBI protects the interest of investors. C) SEBI is for ethical practices. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which of the following rates signals the RBI's long-term outlook on interest rates? [Allahabad Bank 2011] A) SLR. B) Reverse Repo Rate. C) Repo Rate. D) Bank Rate. Show Answer Correct Answer: D) Bank Rate. 18. The formation of the 14th Finance Commission in India has been finalized. Who has been appointed to head the commission? A) Montek Singh Ahluwalia. B) D. Subba Rao. C) Raghuram Rajan. D) Y. V. Reddy. Show Answer Correct Answer: D) Y. V. Reddy. 19. The definition of 'Banking' is given in..... A) The Indian Contract Act, 1872. B) The Banking Regulation Act, 1949. C) RBI Act, 1934. D) Negotiable Instrument Act. 1881. Show Answer Correct Answer: B) The Banking Regulation Act, 1949. 20. Which is India's largest Banking Correspondent company? A) Airtel. B) YONO. C) FINO. D) Reliance. Show Answer Correct Answer: C) FINO. 21. In the first phase of nationalisation of banks how many banks were nationalised? A) 19. B) 26. C) 27. D) None of these. Show Answer Correct Answer: D) None of these. 22. The commercial bank do not have unlimited power of credit creation. Their power to create credit is limited due to A) Amount of cash received by the bank. B) Banking habits of the people. C) Leakages in credit creation. D) None of these. Show Answer Correct Answer: D) None of these. 23. Immediately prior to change in the measure of Food Inflation, which of the following indexes was being used for measuring it? A) Wholesale Price Index. B) Consumer Price Index. C) Interest Rates offered by banks on deposits. D) Sensex and Nifty. Show Answer Correct Answer: A) Wholesale Price Index. 24. Exim Bank also provides A) Refinance facilities. B) Consultancy and technology services. C) Services of finding foreign markets for exporters. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. A bank which acts as a banker of other banks is called A) Investment bank. B) Saving bank. C) Central bank. D) Commercial bank. Show Answer Correct Answer: C) Central bank. 26. The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949? A) Section 30 A. B) Section 35 A. C) Section 40 A. D) Section 25 A. Show Answer Correct Answer: B) Section 35 A. 27. Which of the following does not give a difference between a hire purchase and a normal purchase? A) Quality of asset purchased. B) Total cost of asset. C) Legal ownership of asset. D) Timing of payment for asset. Show Answer Correct Answer: A) Quality of asset purchased. 28. The central co-operative banks are in direct touch with A) Farmers. B) State co-operative banks. C) Land development banks. D) Central government. Show Answer Correct Answer: B) State co-operative banks. 29. 'Unit Banking System' is that system where an individual bank undertakes the banking business A) Through a single office. B) Through a few branches operating within a limited area. C) Both B and C. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. Which among the following is/are correct regarding Money Market? A) Money Market is a market for short-term funds. B) Maturity in this market ranging from overnight to one year. C) The basic function of money market is to provide efficient liquidity position. 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