This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 29 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 29 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Inflation is caused by A) Increase in cash with the government. B) Decrease in money supply. C) Increase in money supply. D) Increase in supply of goods. Show Answer Correct Answer: C) Increase in money supply. 2. Which of the following is called the World Bank? A) International Monetary Fund. B) Asian Development Bank. C) World Trade Organisation. D) International Bank for Reconstruction and Development. Show Answer Correct Answer: D) International Bank for Reconstruction and Development. 3. Which of the following is the feature of the commercial paper? A) It is an additional instrument to the investing community. B) It is an unsecured instrument issued in the form of promissory note. C) The highly rated corporate borrowers can raise short term funds through this instrument. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. A bank's 'fixed deposit' is also referred to as a A) Term deposit. B) Savings bank deposit. C) Current deposit. D) Demand deposit. Show Answer Correct Answer: A) Term deposit. 5. Which of the following best defines the Reverse Mortgage Loan Scheme? A) A reverse mortgage is a loan for seniors age 62 and older. B) These loans are secured over a residential property. C) These loans typically do not require monthly mortgage payments. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 6. Which of the following is an example of NBFCs? [IBPS 2013] A) Unit Trust of India. B) Life Insurance Corporation. C) General Insurance Corporation. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. Which of the following is a nostro account? A) Account of a foreign bank in India. B) Account of an Indian bank within another bank overseas. C) Account of a non-resident Indian. D) All of the above. Show Answer Correct Answer: B) Account of an Indian bank within another bank overseas. 8. Bank rate refers to the..... A) Prime Lending Rate of Commercial Banks. B) Interest rate at which Commercial Banks lend to the customers. C) Rate at which Central Bank rediscounts bills of exchange of Commercial Banks. D) Interest rate at which Commercial Banks accept deposits from the public. Show Answer Correct Answer: C) Rate at which Central Bank rediscounts bills of exchange of Commercial Banks. 9. Which of the following are intermediaries are not working for Banks? A) Whole sellers. B) Merchant establishments. C) Automatic dealers. D) Direct sales agents. Show Answer Correct Answer: A) Whole sellers. 10. The SecuritisationAnd Reconstruction of Financial Assets and Enforcement of Security Interests Act (SARFAESI Act) at present, is not applicable to A) Non Banking Financial Companies. B) Private Banks. C) Financial Institutes of the Govt. D) Public Sector Banks. Show Answer Correct Answer: A) Non Banking Financial Companies. 11. Which of the following relates to the notice of protest under section 102 of the Negotiable Instruments Act, 1881? A) May be given by the notary public who makes the protest. B) Must always be given by the notary public who makes the protest. C) Must be given by the holder. D) None of the above. Show Answer Correct Answer: A) May be given by the notary public who makes the protest. 12. What is the minimum amount of money that can be transferred through RTGS? A) Rs 3 lakh. B) Rs 2.5 lakh. C) Rs 2 lakh. D) Rs 5 lakh. Show Answer Correct Answer: C) Rs 2 lakh. 13. Deposits with Regional Rural Banks (RRBs) are insured by A) Life Insurance Corporation of India. B) General Insurance Corporation. C) Deposit Insurance and Credit Gurantee Corporation. D) None of the above. Show Answer Correct Answer: A) Life Insurance Corporation of India. 14. Which of the following types of institutions operate in the call money market only as lender? A) Commercial banks. B) Insurance companies. C) Primary dealers. D) SBI. Show Answer Correct Answer: B) Insurance companies. 15. Which of the following is not Development Bank/Non Commercial Bank? A) SIDBI. B) National Housing Bank. C) IDBI. D) None of these. Show Answer Correct Answer: D) None of these. 16. Who among the following cannot become a BC? A) Krishi Vigyan Kendras. B) Khadi and Village Industries units. C) Community based organisations. D) All of the above can become a BC. Show Answer Correct Answer: D) All of the above can become a BC. 17. The full form of PIN in the parlance of an ATM card is A) Professional Identification Number. B) Permanent Information Number. C) Permanent Identification Number. D) Personal Identification Number. Show Answer Correct Answer: D) Personal Identification Number. 18. Which of the following acts as an intermediary to link up the sources of ideas and the sources of fund? A) Merchant banking. B) Venture capital. C) Leasing. D) None of these. Show Answer Correct Answer: B) Venture capital. 19. In service sector, a medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed how much amount? A) Rs 5 crore. B) Rs 10 crore. C) Rs 15 crore. D) Rs 20 crore. Show Answer Correct Answer: A) Rs 5 crore. 20. Which of the following is considered an informal method of getting credit/finance? [Vijaya Bank 2008] A) Internet banking. B) Telebanking. C) Branch visits. D) Going to moneylenders. Show Answer Correct Answer: D) Going to moneylenders. 21. What is the time period for a Short term corporate loan? A) 1 Year. B) 18 Months. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 22. Which of the following is an investment advisory discipline? A) Wealth Management. B) Corporate Industrial Finance. C) Offshare Banking. D) Wholesale Banking. Show Answer Correct Answer: A) Wealth Management. 23. What is the maximum loan duration for the Personal Loan? A) 1-8 years. B) 1-10 years. C) 1-5 years. D) 2-4 years. Show Answer Correct Answer: C) 1-5 years. 24. What was the paidup capital of RBI when it commenced operations as India's central bank on April 1 1935? A) Rs 10 crore. B) Rs 5 crore. C) Rs 1 crore. D) Rs 100 crore. Show Answer Correct Answer: B) Rs 5 crore. 25. Tarapore Committee submitted its report on "Full Convertibility on Rupee" in A) American Depository Receipt. B) Current Account. C) Capital Account. D) A & C Both. Show Answer Correct Answer: C) Capital Account. 26. A type of fraud wherein criminals use an innocent person's details to open or use an account to carry out financial transactions is known as A) Phishing. B) Money laundering. C) Identity theft. D) Hacking. Show Answer Correct Answer: A) Phishing. 27. We suppose that Reserve Bank of India would like to increase the cash Reserves of the commercial banks. Which among the following would be most appropriate action of the RBI to achieve this aim? A) RBI would release gold form its reserves. B) RBI would buy the bonds in the open market. C) RBI would raise the reserve ratio. D) RBI will stop the transactions which involve the bills of exchange. Show Answer Correct Answer: B) RBI would buy the bonds in the open market. 28. The weakest link in the co-operative credit system is A) Non-availability of published data on their functioning. B) The non-viability of a large number of primary agricultural credit societies. C) Presence of multiple structure and diverse nature of various types of primary societies. D) Both A and B. Show Answer Correct Answer: B) The non-viability of a large number of primary agricultural credit societies. 29. The branding line of Bank of Baroda is [BOB 2008] A) International Bank of India. B) India's International Bank. C) India's Multinational Bank. D) World's local Bank. Show Answer Correct Answer: B) India's International Bank. 30. When the IDBI was set up in India? A) 1964. B) 1969. C) 1968. D) 1967. Show Answer Correct Answer: A) 1964. ← 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