This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 27 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Shares issued in Primary market in the form of IPO and FPO. IPO means? A) Initial Public Off. B) India Public Offer. C) Initial Private Offer. D) Initial Public Offer. Show Answer Correct Answer: D) Initial Public Offer. 2. Which among them is responsible for maintaining a Minimum reserve system against printing of currency notes? A) Issue Department. B) Banking Department. C) Both 1 & 2. D) None of the above. Show Answer Correct Answer: A) Issue Department. 3. How many banks were nationalised in July 1969 when the first nationalisation took place? A) 5. B) 8. C) 10. D) 14. Show Answer Correct Answer: D) 14. 4. The first Governor of the Reserve Bank of India from 1st April, 1935 to 30th June, 1937 was A) Sir Benegal Rama Rao. B) Sir James Taylor. C) CD Deshmukh. D) Sir Osborne Smith. Show Answer Correct Answer: D) Sir Osborne Smith. 5. Which among the following is called as non performing assets? A) Assets that can exchange income;. B) Assets that eases to earn interest income. C) Assets that have not been commented upon by the auditors. D) All the above. Show Answer Correct Answer: B) Assets that eases to earn interest income. 6. Which is the smallest Local Area Bank in India? A) Subhadra Local Area Bank Ltd. B) Krishna Bhima Samruddhi Local Area Bank Ltd. C) Capital Local Area Bank Ltd. D) Coastal Local Area Bank Ltd. Show Answer Correct Answer: A) Subhadra Local Area Bank Ltd. 7. The amount of which of the following reflects the overall budgetary position of the Government of India at a given time? A) Revenue deficit. B) Total amount of income tax collected. C) Capital deficit. D) Fiscal deficit. Show Answer Correct Answer: D) Fiscal deficit. 8. The Reserve Bank of India issues coins and notes of various denominations. At present RBI does not issue coins of which of the following denominations? A) 20 paise. B) 25 paise. C) 10 paise. D) 1.00 Rupee. Show Answer Correct Answer: D) 1.00 Rupee. 9. In India, RBI prescribes the minimum SLR level for scheduled commercial banks in India, in specified assets as a percentage of bank's A) Net demand and time liabilities. B) Demand liability. C) Time liability. D) All of the above. Show Answer Correct Answer: A) Net demand and time liabilities. 10. Regional rural banks are working in all the states of India except A) Sikkim. B) Jammu and Kashmir. C) Goa. D) Sikkim and Goa. Show Answer Correct Answer: D) Sikkim and Goa. 11. As per the reports published in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector? A) Debit cards. B) Credit cards. C) Money lender. D) Loan against gold from financial institute. Show Answer Correct Answer: C) Money lender. 12. Which of the following financial product are NOT much popular in India as they have been launched only recently? A) Development Bonds. B) Mutual funds. C) Sovereign Wealth Funds. D) Insurance Policies. Show Answer Correct Answer: C) Sovereign Wealth Funds. 13. Balance in a current account is classified as which of the following? A) Hybrid deposit. B) Term deposit. C) Demand deposit. D) Fixed deposit. Show Answer Correct Answer: C) Demand deposit. 14. A Corporate Loan has which of the following features? A) Specified Repayment Schedule. B) Fixed Interest Rate. C) Specific Time and Amount. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 15. Money Laundering normally involves [BOB 2008] A) Placement of funds. B) Layering of funds. C) Integration of funds. D) All the above. Show Answer Correct Answer: D) All the above. 16. What is the share of sponsor bank in the capital of RRB? A) 49%. B) 71%. C) 35%. D) 51%. Show Answer Correct Answer: C) 35%. 17. Which type of Fund is required to be listed on Stock Exchange? A) Debit Fund. B) Liquid Fund. C) Close Ended Funds. D) Sector Funds. Show Answer Correct Answer: C) Close Ended Funds. 18. An increase in CRR by RBI leads to A) Decrease in deposit. B) Increase in lendable resources. C) Decrease in lendable resources. D) Increase in deposit. Show Answer Correct Answer: C) Decrease in lendable resources. 19. The European Union has adopted which of the following as a common currency? A) Dollar. B) Yen. C) Dinar. D) Euro. Show Answer Correct Answer: D) Euro. 20. Which of the following was the first commercial Bank of limited liability managed by Indians? A) Bank of Baroda. B) Oudh Commercial Bank. C) Imperial Bank of India. D) Punjab National Bank. Show Answer Correct Answer: B) Oudh Commercial Bank. 21. Which of the following schemes was launched a few years back to provide wage employment to the rural people in India (The programme is being run successfully in addition to NREGA)? A) Accelerated Rural Water Supply Programme. B) Total Sanitation Campaign. C) Indira Awas Yojana. D) Sampoorna Grameen Rozgar Yojana. Show Answer Correct Answer: D) Sampoorna Grameen Rozgar Yojana. 22. Which of the following is not a subsidiary of Reserve Bank of India? A) National Housing Bank. B) Bharatiya Reserve Bank Note Mudran Private Limited. C) State Bank of India. D) NABARD. Show Answer Correct Answer: C) State Bank of India. 23. Which one of the following will setup core banking infrastructure for rural banks? A) SIDBI. B) RBI. C) NABARD. D) IBA. Show Answer Correct Answer: C) NABARD. 24. When the exchange rate is adjusted so that an identical good in two different countries has the same price when expressed in the same currency. It is called..... A) Wage Rate. B) Exchange Rate. C) Purchasing Power Parity. D) Bank Rate. Show Answer Correct Answer: C) Purchasing Power Parity. 25. Largest shareholder (in percentage shareholding) of a nationalized bank is: A) NABARD. B) Govt. of India. C) RBI. D) LICI. Show Answer Correct Answer: B) Govt. of India. 26. When was the Board for Payment and Settlement Systems established in the RBI? A) 2001. B) 2005. C) 2002. D) 2003. Show Answer Correct Answer: B) 2005. 27. Who is the first chairperson and managing director of public sector Bharatiya Mahila Bank (BMB)? A) Reeba Zachariah. B) Shilpa Phadnis. C) Usha Anantha Subramanian. D) Sudha Misra. Show Answer Correct Answer: C) Usha Anantha Subramanian. 28. CRILC (Central Repository of Information on Large Credits) is a borrower level supervisory dataset that keeps records of loan of.....? A) 5 Crore and above. B) 5.2 Crore and above. C) 6 Crore and above. D) 8 Crore and above. Show Answer Correct Answer: A) 5 Crore and above. 29. An organisation which pools money from investors & invests in stock, bonds, shares is called..... A) Mutual Fund. B) Insurance company. C) A Bank. D) Bancassurance. Show Answer Correct Answer: A) Mutual Fund. 30. Regional Rural Banks fall within supervisory purview of A) SEBI. B) RBI. C) SBI. D) IRDA. Show Answer Correct Answer: C) SBI. ← 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