This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 23 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 23 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is the 3rd largest foreign bank of India in terms of branches? A) HSBC. B) Citi. C) Standard Chartered. D) Royal bank of Scotland. Show Answer Correct Answer: A) HSBC. 2. What are Time Liabilities? A) The liabilities which Bank have to pay on demand. B) The liabilities which Bank have to pay after specific time period. C) The liabilities which Bank have to pay to the Reserve Bank of India. D) The liabilities which Bank have to pay to the central government. Show Answer Correct Answer: B) The liabilities which Bank have to pay after specific time period. 3. WhichofthefollowingisNOTaGovernment of India undertaking? A) National Thermal Power Corporation Ltd. B) Sutlej Jal Vidyut Nigam Ltd. C) ICICI Bank. D) Oil India Ltd. Show Answer Correct Answer: C) ICICI Bank. 4. RBI has sold its entire stake except 1% in which of the following organisations? A) DICGC. B) National Housing Bank. C) NABARD. D) SIDBI. Show Answer Correct Answer: C) NABARD. 5. Interest on savings bank account is now calculated by banks on A) Minimum balance during the month. B) Daily product basis. C) Minimum balance from 10th to last day of the month. D) Minimum balance from 7th to last day of the month. Show Answer Correct Answer: B) Daily product basis. 6. Which of the following NBFCs provides finance to the public whether by making loans or advances? A) Asset Finance Company. B) Infrastructure Finance Company. C) Loan Companies. D) Investment Company. Show Answer Correct Answer: C) Loan Companies. 7. Which of the following limits the power of credit creation by Commercial Bank? A) Fiscal Policy. B) Banking Loan. C) Business Possession. D) None of the above. Show Answer Correct Answer: D) None of the above. 8. Lending to Micro Finance Institutions by banks is considered as finance to A) Agriculture sector. B) Priority sector. C) Commercial sector. D) Non priority sector. Show Answer Correct Answer: B) Priority sector. 9. What is the meaning of the term Repayment Capacity? A) It is how much you pay in each EMI. B) It is the time in which one can repay Housing Loan. C) None of the options. D) It is based on your monthly disposable income and other factors like spouse's income, assets,. Show Answer Correct Answer: D) It is based on your monthly disposable income and other factors like spouse's income, assets,. 10. Banks in their daily business, face various kinds of risks. Which of the following is one such major risk? A) Customer risk. B) Operational risk. C) Goodwill risk. D) Reputation. Show Answer Correct Answer: B) Operational risk. 11. Land development banks provide longterm credit for schemes of basic importance to agriculture as A) Minor irrigation purposes like wells, dug-cum-bore wells, tubewells, pump sets and irrigation tanks. B) Mechanisation of agriculture i.e., loans for purposes of tractors, power tillers, threshers, etc. C) Land reclamation, soil conservation, plantation of fruit orchards, dairy development schemes etc involving heavy expenditure. D) All. Show Answer Correct Answer: D) All. 12. Which of the following will replace the present tax structure like income tax, corporate tax etc from next year? A) DTC. B) MODVAT. C) GST. D) CENVAT. Show Answer Correct Answer: A) DTC. 13. Which of the following will be considered as an advance to Priority Sector by the banks? A) Loan to a sick mill owner. B) Loans given to purchase houses in posh colonies. C) Loan to a group of doctors to establish a hospital in a city. D) Credit to farmers for agricultural purposes. Show Answer Correct Answer: D) Credit to farmers for agricultural purposes. 14. The depreciation on an asset purchased through hire purchase should be which of the following? A) Should be straight line only. B) Based on the cost price of the asset only. C) No depreciation should be provide until the final payment is made. D) Based on the total cost including interest. Show Answer Correct Answer: B) Based on the cost price of the asset only. 15. Co-operative movement in which of the following section of the indian economy has been highly successful? A) Small scale sector. B) Milk production. C) Transport sector. D) Energy sector. Show Answer Correct Answer: B) Milk production. 16. Non-Performing assets of commercial banks means their loans..... A) Fetching very low rate of Interests. B) For which interest/instalment has remained unpaid after due date. C) Given to sick industrial units . D) Have not been disbursed at all . Show Answer Correct Answer: B) For which interest/instalment has remained unpaid after due date. 17. Which among the following surveys is not conducted by Reserve Bank of India? A) Consumer Confidence Survey (CCS). B) Annual Survey of Industries. C) Inflation Expectations Survey of Households (IESH). D) Survey of Professional Forecasters on Macroeconomic Indicators. Show Answer Correct Answer: B) Annual Survey of Industries. 18. Which of the following is the custodian of India's foreign exchange reserve? A) Reserve Bank of India. B) Board of Financial Supervision. C) State Bank of India. D) Department of Finance. Show Answer Correct Answer: A) Reserve Bank of India. 19. Which of the following conducts the Annual Survey of Industries (ASI)? A) Central Statistics Office. B) National Sample Survey Organisation. C) Ministry of Heavy Industries and Public Enterprises. D) Ministry of Economy. Show Answer Correct Answer: A) Central Statistics Office. 20. Which of the following is not the essential requirement for the endorsement as per Negotiable Instrument Act, 1881? A) It should be on the instrument. B) It should be made by the holder or the maker. C) Signatures should be in ink and not by pencil or rubber stamp. D) It should contain unconditional order. Show Answer Correct Answer: D) It should contain unconditional order. 21. Under what section of the Banking Regulation Act, 1949 the payments banks are licensed? A) 11. B) 19. C) 22. D) 2. Show Answer Correct Answer: C) 22. 22. The Reserve Bank of India was set-up on the recommendations of the A) Fazal Ali Commission. B) Mahalanobis Committee. C) Narasimham Committee. D) Hilton-Young Commission. Show Answer Correct Answer: D) Hilton-Young Commission. 23. Which is the first co-operative bank in India? A) The Hindu Co-operative Bank Limited. B) Bombay Co-operative Bank Limited. C) Jamnagar Co-operative Bank Limited. D) Anyonya Co-operative Bank Limited. Show Answer Correct Answer: D) Anyonya Co-operative Bank Limited. 24. Depreciation of an asset occurs due to A) Fire in the unit. B) Theft. C) Labour Trouble. D) Wear and tear. Show Answer Correct Answer: D) Wear and tear. 25. Which of the following Acts has specially been enacted to help banks deal with bad loans? A) Negotiable Instrument Act. B) SARFAESI Act. C) Offshore Banking Act. D) Banking Regulation Act. Show Answer Correct Answer: B) SARFAESI Act. 26. Which of the following are the different routes for the Venture Capital Exit? A) IPO. B) Promoter buyback. C) Mergers and Acquisitions. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 27. Which of the following is the developmental activities of merchant banking? A) Sources of funds forever. B) Expanding industry and trade. C) Leaving a widening gap unbridged between supply and demand of investible funds. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. What was the fiscal deficit for 2013-14, as disclosed in the Economic Survey 2013-14? A) 4.5% of GDP. B) 4.2% of GDP. C) 4.1% of GDP. D) 4.3% of GDP. Show Answer Correct Answer: A) 4.5% of GDP. 29. RBI has launched new restructuring tool RS.S4A' to raise banks' moral hazard risk. S4A stands for which of the following? A) Scheme for Sustainable Structuring of Scholastic Assets. B) Scheme for Sustainable Strength of Stressed Assets. C) Scheme for Systematic Structuring of Stressed Assets. D) Scheme for Sustainable Structuring of Stressed Assets. Show Answer Correct Answer: D) Scheme for Sustainable Structuring of Stressed Assets. 30. The National Agricultural Insurance Scheme was started by the Government of India in..... A) 1995. B) 1990. C) 1999. D) 1997. Show Answer Correct Answer: C) 1999. ← 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