This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 22 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Public sector based Central Bank during July 2014 announced its plans to sell 4% of its stake to LIC for Rs. 581 crore. This stake sale is planned to meet bank's capital requirement of Rs. 2, 000 crore this fiscal. With this proposed sale Union Govt.'s holding in Central Bank would come down to . A) 84%. B) 80%. C) 0.88. D) 78%. Show Answer Correct Answer: A) 84%. 2. Which country the Shinhan Bank belongs to? A) China. B) Japan. C) South Korea. D) Thailand. Show Answer Correct Answer: C) South Korea. 3. What is the function of a Central Bank? A) Foreign exchange management. B) Managing currency. C) Money Supply management. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. How much money is the Central Government required to maintain as minimum cash balance with RBI on a daily basis? A) Rs 50 crore. B) Rs 1000 crore. C) Rs 10 crore. D) Rs 1 crore. Show Answer Correct Answer: C) Rs 10 crore. 5. Which of the following terms is/are related with finance and banking? A) Velocity. B) Badla. C) Centigrade. D) Displacement. Show Answer Correct Answer: B) Badla. 6. In which year National Bank for Agriculture and Rural Development (NABARD) was established in..... A) 1952. B) 1982. C) 1968. D) 1991. Show Answer Correct Answer: B) 1982. 7. A company which pools money from investors and invests in stocks, bonds and shares is called A) Mutual fund. B) Bank assurance. C) A bank. D) An insurance company. Show Answer Correct Answer: A) Mutual fund. 8. The word 'Bank' is derived from A) German word 'back' which means a joint stock fund'. B) Italian word 'banco'. C) Words 'bancus' or banque' which means 'a bench'. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Infrastructure debt funds are sponsored by which of the following? A) NBFCs. B) SBI. C) SEBI. D) Cooperative society. Show Answer Correct Answer: A) NBFCs. 10. Which of the following is NOT a part of the Ministry of Finance? A) Department of Financial Services. B) Department of Expenditure. C) Department of Resource Planning. D) Department of Revenue. Show Answer Correct Answer: C) Department of Resource Planning. 11. How many banks were nationalised in 1980? A) 8. B) 7. C) 5. D) 6. Show Answer Correct Answer: D) 6. 12. Which of the following has availed the Liberalised Remittance Scheme? A) RBI. B) NABARD. C) Government of India. D) None of the above. Show Answer Correct Answer: A) RBI. 13. What is the frequency of publishing of the report on management od FOREX Exchange Reserves (FER) by RBI? A) Monthly. B) Quarterly. C) Annually. D) Half year. Show Answer Correct Answer: D) Half year. 14. In international banking system, what does the TIBOR stands for? A) Tokyo Interbank Offered Rate. B) Taiwan Interbank Offered Rate. C) Thailand Interbank Offered Rate. D) Tongling Interbank Offered Rate. Show Answer Correct Answer: A) Tokyo Interbank Offered Rate. 15. Which of these accounts can be opened in a Payment Bank? A) Savings Account. B) Current Account. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 16. Why do banks borrow money in the call money market? A) To meet sudden demand for funds arising out of large outflows. B) To fill the temporary mismatches in funds. C) To meet the Statutory reserve requirements. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. The first five year plan was started in..... A) 1951. B) 1956. C) 1949. D) 1939. Show Answer Correct Answer: A) 1951. 18. Selling of securities in the open market by the central bank creates A) Inflation. B) Deflation. C) Both of the above. D) None of the above. Show Answer Correct Answer: B) Deflation. 19. Which of the following measures have been taken to enlarge resources available to RRBs? A) Lines of credit at a reasonable rate of interest from sponsor banks. B) Access to inter-RRB term money/borrowings. C) Access to repo/CBLO markets. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. The cooperative movement in which of the following fields has achieved a great visible success in India? A) Textile sector. B) Milk production. C) Banking sector. D) Cotton production. Show Answer Correct Answer: A) Textile sector. 21. Which of the following fall under the qualitative method of credit control adopted by RBI? A) Selective credit control. B) Moral suasion. C) Credit authorization scheme. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. A cheque crossed as 'Payees a/c only" is direction to A) The payee not to negotiate the cheque. B) The paying banker to ensure that the proceeds of the cheque are credited to the payees a/c only. C) The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only. D) None of the above. Show Answer Correct Answer: C) The collecting banker to ensure that the proceeds of the cheques are collected for the account of the payee only. 23. Which of the following cannot be called an anti-inflationary measure? A) Raising the Reserve Ratio Requirements. B) Raising the Bank Rates. C) Rationing of the Credit. D) Purchasing securities in the Open Markets. Show Answer Correct Answer: D) Purchasing securities in the Open Markets. 24. Which one of the following is not a priority sector lending by Commercial Banks in India at present? A) Agriculture. B) Small Scale Industries. C) Export. D) Weaker Section. Show Answer Correct Answer: C) Export. 25. Which of the following markets enable new issues of equity and debt to be traded? A) Discount markets. B) Gilt repo market. C) Primary capital markets. D) Secondary markets. Show Answer Correct Answer: C) Primary capital markets. 26. When did RBI stop acting as the currency issuing authority of Burma? A) 1941. B) 1942. C) 1947. D) 1943. Show Answer Correct Answer: B) 1942. 27. What was the name of the first person in India who was given an Aadhaar Identity number? A) Sonia Gandhi. B) Nandan Nilekani. C) Ranjana Sonawane. D) Atul Bhushan Pandey. Show Answer Correct Answer: C) Ranjana Sonawane. 28. If the Reserve Bank of India sells securities in the market it will result in..... A) An immediate change in the Bank rate. B) A fall in the market rate of interest. C) An increase in loans to Bank customers. D) A reduction in Bank deposits. Show Answer Correct Answer: D) A reduction in Bank deposits. 29. A leveraged lease is a three-sided agreement among the following: A) Lessee, lessor and lender. B) Lessor, commercial bank, and insurance company. C) A and b. D) None of the above. Show Answer Correct Answer: C) A and b. 30. Which of the following units guarantees that all buying and selling will be made by traders? A) Trading house. B) Professional house. C) Guarantee house. D) Clearing house. Show Answer Correct Answer: D) Clearing house. ← 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