This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 25 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. According to RBI Governor, which one of the following is a major challenge to its monetary policy? A) Policies of World Trade Organisation. B) High cost of imports. C) Fiscal deficit. D) Inflation and supportive recovery of Economy. Show Answer Correct Answer: D) Inflation and supportive recovery of Economy. 2. Which of the following activities can be undertaken by a Business Correspondent? A) Selling mutual fund products. B) Selling Pension products. C) Extending small credit on behalf of the banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Which is a legal tender in a modern economy amongst the following? A) Currency notes. B) Cheques. C) Bank Draft. D) Promissory notes. Show Answer Correct Answer: A) Currency notes. 4. Liability-side of the balance-sheet comprises: A) Capital and reserve. B) Long-term liabilities. C) Current liabilities. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. How many type of Deposit accounts are offered by Bank? A) 4. B) 5. C) 3. D) 2. Show Answer Correct Answer: D) 2. 6. Increased interest rates, as is existing in the economy at present will . A) Lead to lower GDP growth. B) Lead to higher GDP growth. C) Mean lower cost of raw materials. D) Mean higher cost of raw materials. Show Answer Correct Answer: B) Lead to higher GDP growth. 7. Interest on national debt is included in..... A) Personal Income. B) GNP. C) NNP. D) National Income. Show Answer Correct Answer: B) GNP. 8. E-commerce is increasingly becoming a popular mode of doing business. What is this way of operating? A) Buying goods and services online from vendors. B) Placing orders on the phones. C) Getting 30 days credit period for payment. D) Payment has to be made in advance before goods/services are delivered. Show Answer Correct Answer: A) Buying goods and services online from vendors. 9. Structure of Basel II is based on how many pillars? A) Two. B) Three. C) Four. D) Ten. Show Answer Correct Answer: B) Three. 10. All Regional Rural Banks (RRBs) are required to maintain their entire Statutory Liquidity Ratio (SLR) in A) Government and other approved securities. B) Current accounts with sponsor banks. C) Time deposits with sponsor banks. D) Gold holdings only. Show Answer Correct Answer: A) Government and other approved securities. 11. What is the amount for accidental insurance cover in PMJDY? A) Rs. 2 lac. B) Rs. 10 lac. C) Rs. 50 lac. D) Rs. 1 lac. Show Answer Correct Answer: A) Rs. 2 lac. 12. How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank? A) 75%. B) 25%. C) 50%. D) 40%. Show Answer Correct Answer: B) 25%. 13. Which of the following does not come under the category of development banks? A) Industrial Development Bank of India. B) Small Industries Development Bank of India. C) Industrial Investment Bank of India. D) State Finance Corporation. Show Answer Correct Answer: B) Small Industries Development Bank of India. 14. The Public Debt Office of the Reserve Bank of India A) Is a central depository for all types of Government securities except Treasury Bills. B) Attends to the function of note issue the Reserve Bank of India. C) Is responsible for maintaining external value of rupee. D) Controls balance of payment position of the Government of India. Show Answer Correct Answer: A) Is a central depository for all types of Government securities except Treasury Bills. 15. What is the banking, where all banking operations are online, known as? A) Mixed Banking. B) Virtual Banking. C) Retail Banking. D) Social Banking. Show Answer Correct Answer: B) Virtual Banking. 16. Transaction cost of trading of financial instruments in centralized market is classified as which of the following? A) Flexible costs. B) High transaction costs. C) Low transaction costs. D) Constant costs. Show Answer Correct Answer: C) Low transaction costs. 17. Which of the following Regulations is made under the PSS Act, 2007? A) Board for Regulation. B) Supervision of Payment and Settlement Systems Regulations. C) Survey Board of Regulation. D) Both 1 and 2. Show Answer Correct Answer: D) Both 1 and 2. 18. The drawer of a cheque is always a A) Customer. B) Bank. C) Company. D) Firm. Show Answer Correct Answer: A) Customer. 19. What do we call the type of banking carried out by the non-bank financial intermediaries which provide services similar to those of traditional commercial banks? A) Narrow banking. B) Shadow banking. C) Social Banking. D) Mixed Banking. Show Answer Correct Answer: B) Shadow banking. 20. What does PMLA stands for? A) Primary Money Launching Authority. B) Preventing Money Launching Act. C) Promoting Money Laundering Act. D) Prevention of Money Laundering Act. Show Answer Correct Answer: D) Prevention of Money Laundering Act. 21. As we all know, more and more countries/organisations are now going for Non-Cash Transactions and accordingly Banks have launched many new products in the market for the same. Which of the following products is a non-cash transaction product? A) Only ATM Card. B) Only Credit Card. C) Only Prepaid Card. D) All are non-cash transaction products. Show Answer Correct Answer: D) All are non-cash transaction products. 22. In respect of CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) No collateral and no third party guarantee for fund based and non fund based credit facilities up to..... A) Rs. 5 lakhs. B) Rs. 5.00 lakhs. C) Rs. 10.00 lakhs. D) Rs.100 lakhs. Show Answer Correct Answer: D) Rs.100 lakhs. 23. What is the current FDI limit in private sector banks without government approval? A) 25%. B) 49%. C) 74%. D) 34%. Show Answer Correct Answer: B) 49%. 24. Which of the following is the main component of Foreign exchange reserves? A) Domestic currency. B) Loans. C) Gold. D) Foreign currency assets. Show Answer Correct Answer: D) Foreign currency assets. 25. What is the eligibility or entry point norms for registration of an IFC-NBFC with RBI? A) A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans. B) The company should have minimum net-worth of Rs 300 crore. C) The CRAR of of the company should be at 15% with Tier I capital at 10%. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. Your Perfect banking Partner is the punch line of.....Bank. A) Bank of Maharastra. B) Federal Bank. C) BOB. D) UTI Bank. Show Answer Correct Answer: B) Federal Bank. 27. Which bank in India has introduced vertical credit cards? A) ICICI Bank. B) Yes Bank. C) Kotak Bank. D) HDFC Bank. Show Answer Correct Answer: C) Kotak Bank. 28. Core Investment Company holds not less than how much percent of its net assests in the form of investment? A) 80%. B) 70%. C) 50%. D) 90%. Show Answer Correct Answer: D) 90%. 29. ARC ratings is a joint initiative between which of the following? A) Sociedade de Avaliacao Estrategica e Risco, Lda of Portugal. B) Credit Analysis and Research Limited (CARE) of India. C) Global Credit Rating Company Limited (GCR) of South Africa. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 30. Which is not a source of Agriculture finance in India? A) Co-operative societies. B) Regional Rural Banks. C) Central Rural Bank. D) Commercial Banks. Show Answer Correct Answer: C) Central Rural Bank. ← 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