This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 28 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 28 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following has a fixed time and pays higher interest than a SB Acccount? A) Recurring Account. B) Fixed Deposit Account. C) Current Account. D) Savings Bank Account. Show Answer Correct Answer: D) Savings Bank Account. 2. What can be the minimum initial contribution to the paid-up equity capital of small finance banks? A) 25%. B) 40%. C) 50%. D) 75%. Show Answer Correct Answer: B) 40%. 3. As per the newspaper reports, some economically developed states only hold about 60% of the total 'Demant Accounts' in India. A demant Account is A) An account which is opened by the people of the lower income groups of society. B) An account in which trading of the shares is done. C) An account which can be opened only by minors. D) An account which can be operated by big corporate houses and are mainly business accounts like current acounts. Show Answer Correct Answer: B) An account in which trading of the shares is done. 4. Which of the following is not a Financial/Economic term? A) Dumping. B) Marginal Utility. C) Pipette. D) Break Even Point. Show Answer Correct Answer: C) Pipette. 5. Banks' mandatory lending to farmers for agriculture, micro and small enterprises and other weaker sections where in banks are required to lend up to 40% of the loans is generally described as [IBPS 2013] A) Retail lending. B) Priority sector lending. C) Sub-prime lending. D) Para banking. Show Answer Correct Answer: B) Priority sector lending. 6. Which of the following is not commercial bank? A) Regional Rural Banks. B) Private Banks. C) RBI. D) Foreign Banks. Show Answer Correct Answer: C) RBI. 7. When did World Trade Organisation come into force? A) 15th January, 1946. B) 2nd January, 1948. C) 12th January, 1948. D) 1st January, 1995. Show Answer Correct Answer: D) 1st January, 1995. 8. The World Bank has set a new goal of reducing extreme poverty to: A) 6 percent by 2015. B) 9 percent by 2020. C) 3 percent by 2025. D) 0 percent by 2015. Show Answer Correct Answer: B) 9 percent by 2020. 9. What is the definition of affordable housing loans as announced by the Reserve Bank of India (RBI) on 15 July 2014? A) RS. 50 lakh in metros and RS. 40 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity). B) RS. 30 lakh in metros and RS. 20 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum eight years maturity). C) RS. 50 lakh in metros and RS. 25 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum six years maturity). D) RS. 60 lakh in metros and RS. 35 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity). Show Answer Correct Answer: A) RS. 50 lakh in metros and RS. 40 lakh in non-metros, given by banks from the proceeds of long-term bonds (of minimum seven years maturity). 10. Scheduled bank refers to a bank A) Registered with ministry of finance, govt. of India. B) Authorized by central government to transaction government business. C) Which is included in the second schedule to the RBI act, 1934. D) Incorporated as a cooperative society. Show Answer Correct Answer: C) Which is included in the second schedule to the RBI act, 1934. 11. Which organisation regulates capital market? A) Government of India. B) RBI. C) SEBI. D) None of the above. Show Answer Correct Answer: C) SEBI. 12. Who has been appointed as the Managing Director and Chief Executive Officer of General India Life Insurance? A) Santosh Hegde. B) Munish Sharda. C) JS Mathur. D) Arvind Mayaram. Show Answer Correct Answer: B) Munish Sharda. 13. Which was the first bank to be wholly owned and run by Indians? A) Allahabad Bank. B) Bank of Baroda. C) Bank of India. D) Central Bank of India. Show Answer Correct Answer: D) Central Bank of India. 14. Currency Swap is an instrument to manage [BOB 2008] A) Currency risk. B) Interest rate risk. C) Currency and interest rate risk. D) Cash flows in different currencies. Show Answer Correct Answer: D) Cash flows in different currencies. 15. Which of the following organization is made specifically responsible for empowering Micro, Small and Medium enterprises in India? A) SIDBI. B) RBI. C) ECGC. D) NABARD. Show Answer Correct Answer: A) SIDBI. 16. What is the maximum amount of balance can be maintained an individual in payments bank? A) 50, 000. B) 25, 000. C) 1, 50, 000. D) 1, 00, 000. Show Answer Correct Answer: D) 1, 00, 000. 17. Which of the following is not required for opening a bank account? A) Address proof. B) Identity proof. C) Recent photographs. D) Domicile certificate. Show Answer Correct Answer: D) Domicile certificate. 18. Discount and Finance House of India Limited was set up by RBI in..... A) 1987. B) 1990. C) 1989. D) 1988. Show Answer Correct Answer: D) 1988. 19. Who is the Ex-Officio chairmain of Niti Aayog? A) The President. B) The Chief of CSO. C) The Prime Minister. D) The Finance Minister. Show Answer Correct Answer: C) The Prime Minister. 20. India started its five year planning with effect from the year A) 1951. B) 1960. C) 1955. D) 1965. Show Answer Correct Answer: A) 1951. 21. What is the number of member states in the World Trade Organisation? A) 144. B) 148. C) 146. D) 150. Show Answer Correct Answer: C) 146. 22. Which of the below acts as the principle regulator in the capital market in India? A) RBI. B) SEBI. C) SIDBI. D) IRDA. Show Answer Correct Answer: B) SEBI. 23. Which of these banks is not a private sector bank? A) Dhanlakshmi bank. B) Corporation bank. C) Jammu & Kashmir bank. D) City Union bank. Show Answer Correct Answer: B) Corporation bank. 24. "Doing business report" published by A) World Bank. B) ADB. C) IMF. D) WTO. Show Answer Correct Answer: A) World Bank. 25. Gross domestic product is a measure of the total value of all A) Consumer income in an economy over a period of time. B) Capital accumulation in an economy over a period of time. C) Sales in an economy over a period of time. D) Final goods and services produced in an economy over a period of time. Show Answer Correct Answer: D) Final goods and services produced in an economy over a period of time. 26. Micro credit or micro-finance is a novel approach to banking with the poor. In this approach, bank credit is extended to the poor through A) RBI. B) Anganwadi. C) Self-Help Groups. D) Cooperative Credit Societies. Show Answer Correct Answer: D) Cooperative Credit Societies. 27. Which of the following is not a objective of Bank portfolio management? A) Profitability. B) Safety. C) Expansion. D) Liquidity. Show Answer Correct Answer: C) Expansion. 28. PIN stands for which of the following? A) Permanent Identification Number. B) Portable Identification Number. C) Personal Identification Number. D) Permanent Identity Number. Show Answer Correct Answer: C) Personal Identification Number. 29. Which of the following best defines the meaning of Exchange rate? A) It is a price at which Foreign money is exchanged at counters. B) It is the price at which one country's currency is expressed in another country's currency. C) It is the price at which Foreign materials are purchased or sold. D) All of the above. Show Answer Correct Answer: B) It is the price at which one country's currency is expressed in another country's currency. 30. The right to retain possession only of those goods in respect of which the dues have arisen is called A) Particular lien. B) General lien. C) Right of set off. D) All of these. Show Answer Correct Answer: A) Particular lien. ← 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