This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Dr Muhammad Yunus is a resident of A) Bangladesh. B) USA. C) Pakistan. D) India. Show Answer Correct Answer: A) Bangladesh. 2. Which of the following is the reason owing to which Government charges export duty on some export items? A) To get benefit from high international prices. B) To improve the tax collection targets. C) It is as per the international practices. D) To ensure the smooth availability of the items in India. Show Answer Correct Answer: D) To ensure the smooth availability of the items in India. 3. SIMEX share price index relates to the stock exchange of which of the following? A) Singapore. B) Mumbai. C) Tokyo. D) London. Show Answer Correct Answer: A) Singapore. 4. Which of these banks is regulated by Reserve bank of India? A) Local Area Banks. B) Cooperative Banks. C) Commercial Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Infrastructure Finance Company is engaged in business of which of the following? A) Debts. B) Infrastructure loan. C) Marketing. D) None of the above. Show Answer Correct Answer: B) Infrastructure loan. 6. Whether loss-making banks can make donations? A) Upto Rs. 5 lakh only. B) Upto Rs. 8 lakh only. C) No. D) Upto Rs. 2 lakh only. Show Answer Correct Answer: A) Upto Rs. 5 lakh only. 7. SDR, the currency of the IMF, is in the form of A) Paper Currency. B) Gold. C) Silver and Gold both. D) Book Keeping entry only. Show Answer Correct Answer: D) Book Keeping entry only. 8. When a bank writes off a loan as bad, its..... A) Total assets and total liabilities decreases by that amount. B) Total liabilities and capital decreases by that amount. C) Total assets and capital decreases by that amount. D) Total assets, total liabilities and capital decreases by the amount. Show Answer Correct Answer: C) Total assets and capital decreases by that amount. 9. The Finance Minister of India in one of his press conferences said that inflationary pressure is likely to continue following recent increase in rates of some commodities in international markets. Which of the following commodities was he referring to as it gets frequent increase at international levels and disturbs our Home Economy substantially? A) Gold and Silver. B) Petroleum products. C) Tea and Coffee. D) Sugar. Show Answer Correct Answer: B) Petroleum products. 10. Insurance business in India is regulated by A) Life Insurance Corporation of India. B) Reserve Bank of India. C) Insurance Regulatory and Development Authority (IRDA). D) SEBI. Show Answer Correct Answer: C) Insurance Regulatory and Development Authority (IRDA). 11. What is full form of Forex? A) Foreign Expert. B) Foreign Exchange. C) Foreign Expansion. D) Foreign Exemption. Show Answer Correct Answer: B) Foreign Exchange. 12. A current account in a bank means A) Interest is not paid on the balance in the account. B) Availing credit facilities. C) In which transactions should take place daily. D) In which balances are kept high. Show Answer Correct Answer: A) Interest is not paid on the balance in the account. 13. The oldest Central Bank in the world is the..... A) Reserve Bank of India. B) Bank of England. C) U S Federal Reserve. D) State Bank of India. Show Answer Correct Answer: B) Bank of England. 14. The rate on which banks borrow from the RBI is called..... A) Repo Rate. B) Interest Rate. C) CRR. D) SLR. Show Answer Correct Answer: A) Repo Rate. 15. Recently, the BRICS countries firmed up plan to set up a New Development Bank (NDB) with an initial authorised capital of$ 100 billion. The NDB will be headquartered in? A) New Delhi. B) Moscow. C) Johanesburg. D) Shanghai. Show Answer Correct Answer: D) Shanghai. 16. Who is the newly appointed Managing Director and CEO of MCX-SX? A) Saurabh Sarkar. B) U.K. Sinha. C) Prateep Chowdhary. D) Srikant Javlekar. Show Answer Correct Answer: B) U.K. Sinha. 17. Gains in trade results from..... A) Exporting as much as possible and receiving gold. B) Reallocation of existing goods between the two countries. C) The fact that exchange brings both specialization & reallocation of greater output & the increased welfare in each country. D) One country receiving both imports & exports. Show Answer Correct Answer: C) The fact that exchange brings both specialization & reallocation of greater output & the increased welfare in each country. 18. Which among the following committees had recommended Income Recognition and assets classification norms? A) Goiporia committee. B) Narasimhan committee;. C) Jankiraman committee. D) Rangarajan committee. Show Answer Correct Answer: B) Narasimhan committee;. 19. Each of the RRBs covers districts ranging from [IBPS 2012] A) 2 to 15. B) 1 to 15. C) 3 to 25. D) 2 to 25. Show Answer Correct Answer: D) 2 to 25. 20. Which of the following conducts supervision over Commercial Banks, Financial Institutions, NBFCs and other Para-Banking financial institutions in India? A) Ministry of Finance. B) Ministry of Corporate Affairs. C) Board for Financial Supervision, RBI. D) SEBI. Show Answer Correct Answer: C) Board for Financial Supervision, RBI. 21. What is the maximum limit per transaction in NEFT? A) Rs 1, 50, 000. B) Rs 50, 000. C) Rs 1, 00, 000. D) No Such Limit. Show Answer Correct Answer: B) Rs 50, 000. 22. What do we call the rate at which the Reserve Bank of India lends money to commercial banks? A) Repo rate. B) CRR. C) SLR. D) Reverse repo rate. Show Answer Correct Answer: A) Repo rate. 23. Which state Coastal Local Area Bank Ltd belongs to? A) Gujarat. B) Andhra Pradesh. C) Karnataka. D) Tamil Nadu. Show Answer Correct Answer: B) Andhra Pradesh. 24. Core investment company is a type of which of the following? A) Bank. B) IT company. C) Insurance company. D) NBFC. Show Answer Correct Answer: D) NBFC. 25. The stance of RBI monetary policy is [BOB 2008] A) Inflation control with adequate liquidity for growth. B) Improving credit quality of the Banks. C) Strengthening credit delivery mechanism. D) Any of the above. Show Answer Correct Answer: D) Any of the above. 26. A major Public Sector Bank raised interest rates on loans by 25 basis points. This means the bank has raised interest by 25 basis points of A) Discounted Rates of Interest. B) Savings Bank Interest Rate. C) Present Rates on Deposits. D) Base Lending Rate. Show Answer Correct Answer: D) Base Lending Rate. 27. Identify the well known person related to Banking field in India from the following? A) Dr. D Subbarao. B) Mrs. Meira Kumar. C) Mr. Arun Jaitley. D) Mrs. Kiran Shaw. Show Answer Correct Answer: A) Dr. D Subbarao. 28. Venture capital was originated in which of the following countries? A) France. B) Britain. C) India. D) USA. Show Answer Correct Answer: D) USA. 29. Which of the following is best described as selling a synthetic asset and simultaneously buying the actual asset? A) Diversifying. B) Speculating. C) Arbitrage. D) Hedging. Show Answer Correct Answer: C) Arbitrage. 30. Treasury bills are sold in India by A) State Government. B) Commercial Banks. C) RBI. D) SEBI. Show Answer Correct Answer: C) RBI. ← PreviousNext →Related QuizzesBanking QuizzesFinance QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books