This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 24 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Trust IDF is regulated by which of the following? A) SBI. B) RBI. C) SEBI. D) None of the above. Show Answer Correct Answer: C) SEBI. 2. What is the length of UPI pin? A) 2-4 digits. B) 10 digits. C) 2 digits. D) 4-6 digits. Show Answer Correct Answer: D) 4-6 digits. 3. Principal functions of SIDBI A) Promotion of SSI. B) Finance of SSI. C) Development of SSI. D) All the above. Show Answer Correct Answer: D) All the above. 4. Indian Railways during August 2014 launched a contact-less smart card enabling passengers to pay for reserved as well as unreserved travelling train tickets as part of a pilot project. What is the name of this smart card with lifetime validity? A) Go-Bharat. B) Go-Railway. C) Go-Indian. D) Go-India. Show Answer Correct Answer: D) Go-India. 5. When a bank is financing an "International Business", it in fact, is involved in which of the following? A) Retail Banking. B) Core Banking. C) Micro Finance. D) Trade Finance. Show Answer Correct Answer: D) Trade Finance. 6. In which year was World Bank formed? A) 1945. B) 1956. C) 1988. D) 1960. Show Answer Correct Answer: A) 1945. 7. Which of the following organizations is the Mutual Fund Market regulator? A) SEBI. B) AMFI. C) CRISIL. D) CIBIL. Show Answer Correct Answer: A) SEBI. 8. Which of the following civilization is considered to be the origin of Factoring? A) Indus Valley Civilization. B) Mesopotamian culture. C) Incas Civilization. D) Aztecs Civilization. Show Answer Correct Answer: B) Mesopotamian culture. 9. Which of the following products of a bank is specifically designed to provide financial help to children in their higher studies in India or in a foreign nation? A) Educational Loan. B) Corporate Loan. C) Personal Loan. D) Mortgage Loan. Show Answer Correct Answer: A) Educational Loan. 10. In which year the Banking Regulation Act 1949 was amended to make it applicable to cooperative banks? A) 1964. B) 1969. C) 1962. D) 1965. Show Answer Correct Answer: D) 1965. 11. Which of the following committee is associated with the review of Insider Trading Regulations? A) Sodhi Committee. B) Sinha Committee. C) Tarapore Committee. D) Chandrashekhar Committee. Show Answer Correct Answer: A) Sodhi Committee. 12. The relationship between a banker and a customer is..... A) That of a debtor and a creditor. B) Primarily that of a debtor and a creditor. C) That of a creditor and a debtor. D) Both A and B. Show Answer Correct Answer: B) Primarily that of a debtor and a creditor. 13. Which of the following is not true regarding Financial Inclusion plan? A) Simplified KYC norms for accounts opening. B) Mandatory branches in unbanked villages. C) BSBDA accounts with minimum balance criteria. D) Micro branches to be opened in rural area. Show Answer Correct Answer: C) BSBDA accounts with minimum balance criteria. 14. The demand for heavy loans can lead to which of the following? A) Competitive reservations. B) Deficiencies for banks. C) Excess funds for banks. D) Organized reservation. Show Answer Correct Answer: B) Deficiencies for banks. 15. One of the major emphasis of Basel II is that banks should have.....[Allahabad Bank 2010] A) Adequate Capital Adequacy Ratio. B) Only few branches in urban centres. C) More and more branches in rural areas. D) Core banking mode of operation. Show Answer Correct Answer: A) Adequate Capital Adequacy Ratio. 16. Which of the following is not the fund based business of commercial banks? A) D.P. Operation. B) Depositing Bills. C) Loans. D) Deposits. Show Answer Correct Answer: A) D.P. Operation. 17. Who undertakes the distribution of one rupee notes and coins and small coins all over the country? A) Finance Ministry. B) RBI. C) Home Ministry. D) All of the above. Show Answer Correct Answer: B) RBI. 18. 'Open Market Operations' mean sale or purchase in the open market of..... A) Foreign Exchange. B) Goods and Services. C) Gold Bullion. D) Government Securities. Show Answer Correct Answer: D) Government Securities. 19. CSO in its advanced estimates for the year 2013-14 projected the GDP growth rate at constant prices to be A) 0.051. B) 4.80%. C) 4.60%. D) 4.90%. Show Answer Correct Answer: D) 4.90%. 20. How much foreign exchange can be brought in while visiting India? A) 5 crore. B) 25 lac. C) 10 crore. D) Without any limit. Show Answer Correct Answer: D) Without any limit. 21. Factors responsible for the widespread popularity of consumer finance in recent years: Providing access to purchasing power to the middle class consumer has been the most significant achievement of this product class. A complainant not satisfied with the decision of the Banking Ombudsman, has the right to appeal to the . A) Supreme Court. B) Governor SBP. C) AVP of the concerned bank. D) High Court. Show Answer Correct Answer: B) Governor SBP. 22. What is stagflation? A) Inflation with growth. B) Inflation after deflation. C) Deflation with growth. D) Inflation with recession. Show Answer Correct Answer: D) Inflation with recession. 23. In which year the second round of Bank nationalisation was done? A) 1980. B) 1988. C) 1979. D) 1974. Show Answer Correct Answer: A) 1980. 24. A cheque which is issued today must be presented before at bank for payment within a stipulated period. After expiry of that period, no payment will be made and it is then called. A) Stale cheque. B) Crossed cheque. C) Open cheque. D) Mutilated Cheque. Show Answer Correct Answer: A) Stale cheque. 25. Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration? A) Defence personnel whose life is always at high risk. B) Women who do not have independent source of income. C) Senior citizens. D) Youngsters who have just started earning. Show Answer Correct Answer: C) Senior citizens. 26. RRBs are refinanced at A) 1% below the repo rate. B) 2% below the repo rate. C) 1% below the bank rate. D) 2% below the bank rate. Show Answer Correct Answer: D) 2% below the bank rate. 27. Who wrote the book The Problem of the Rupee-Its origin and its solution" , which gave the concept of RBI? A) Dadabhai Naroji. B) Jawahar Lal Nehru. C) B.R Ambedkar. D) Lala Lajpat Rai. Show Answer Correct Answer: C) B.R Ambedkar. 28. When two parties make an arrangement to exchange future cash flows, it is called: A) Swap. B) Arbitrage. C) Options. D) Futures. Show Answer Correct Answer: A) Swap. 29. NABARD provides refinance to A) Scheduled commercial banks. B) Co-operative banks. C) Regional rural banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. The number of regional offices of RBI is A) 22. B) 20. C) 23. D) 21. Show Answer Correct Answer: A) 22. ← 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