This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 31 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. RBI constituted an expert committee for examining its current monetary policy framework. Who is the chairman of the committee? A) Dr. Urjit Patel. B) H. R. Khan. C) Dr. Anand Sinha. D) K. C. Chakrabarty. Show Answer Correct Answer: A) Dr. Urjit Patel. 2. Digital signature are A) Legally valid signatures as per the information technology act. 2000 and acceptable in Indian courts at par with paper signatures. B) Required for authentication of e-mail and SFMS. C) Required for authentication of settlement applications of clearing coupan of India Ltd. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. For which of the following businesses Factoring services are most commonly used? A) Haulage Business. B) Healthcare Industry. C) Real Estate. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 4. Which bank bagged the Core Banking System Initiative Award for the year 2014 at the Asian Banking and Finance-Retail Banking Awards 2014? A) SBI. B) ICICI Bank. C) Bharathiya Mahila Bank. D) Standard Bank. Show Answer Correct Answer: C) Bharathiya Mahila Bank. 5. The base year method of calculating real GDP compared A) Quantities produced in different years using prices from a year chosen as a reference period. B) Quantities produced in different years with the prices that prevailed during the year in which the output was produced. C) The quantities of goods produced in consecutive years using prices in both years and averaging the percentage changes in the value of output. D) Prices at different points in time using a sample of goods that is representative of goods purchased by households. Show Answer Correct Answer: A) Quantities produced in different years using prices from a year chosen as a reference period. 6. Who amongst the following cannot open an account in any bank in India? A) One who is not earning regularly. B) A housewife. C) A student of 10th Standard. D) A farmer who owns a small piece of land. Show Answer Correct Answer: C) A student of 10th Standard. 7. Which of the following is not true about NPA in banks? A) It is usually a loan that is not producing income. B) It is created If a borrower misses paying his equated monthly instalment (EMI) for 90 days. C) High NPA are a sign of good financial health. D) Asset Reconstruction Companies (ARC's)buy bank NPA at a discount along with the right to recover the money. Show Answer Correct Answer: C) High NPA are a sign of good financial health. 8. Computer Emergency Response Team India comes under..... A) Ministry of Communications and Information Technology. B) Ministry of Commerce. C) RBI. D) Department of Information & Technology. Show Answer Correct Answer: A) Ministry of Communications and Information Technology. 9. The maximum no. of transactions by a customer by using ATM of other Bank is..... A) 2 per month. B) 5 per month. C) 8 per month. D) 3 per month. Show Answer Correct Answer: D) 3 per month. 10. Who acts as the lender of last resort to all Public Sector Banks in India? A) RBI. B) Finance Ministry. C) IMF. D) State Bank of India. Show Answer Correct Answer: A) RBI. 11. Which of these is a Priority Sector for Lending as specified by the RBI? A) Agriculture. B) Education. C) Housing. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. The Know Your Customer (KYC) norms of opening a bank account has been relaxed for the accounts with minimum balance of A) Rs.75, 000/-. B) Rs.50, 000/. C) Rs.25, 000/. D) Rs.1, 00, 000/. Show Answer Correct Answer: B) Rs.50, 000/. 13. Initial repayment holiday given to a borrower for repayment of loan is called is A) Re-schedulement. B) Subvention. C) Amortisation. D) Moratorium. Show Answer Correct Answer: D) Moratorium. 14. What is the total number of stock exchanges in India? A) 21. B) 22. C) 24. D) 23. Show Answer Correct Answer: D) 23. 15. Which of the following agencies/organisations has recently decided that all the stock exchanges should introduce physical settlement of equity derivatives? A) Reserve Bank of India. B) Bombay Stock Exchange. C) Registrar of Companies. D) Securities and Exchange Board of India. Show Answer Correct Answer: D) Securities and Exchange Board of India. 16. Which is the largest cooperative bank of India presently? A) Saraswat Bank. B) NKGSB Cooperative Bank. C) Apna Sahakari Bank Ltd. D) None of the above. Show Answer Correct Answer: A) Saraswat Bank. 17. Which bank became the State Bank of India in 1955? A) Imperial Bank of India. B) Federal Bank of India. C) Bank of Hindustan. D) General Bank of India. Show Answer Correct Answer: A) Imperial Bank of India. 18. While investing in mutual funds we come across a term called NAV. What is the meaning of NAV? A) Non Asset Value. B) Net Actual Value. C) Net Asset Value. D) Net Annual Value. Show Answer Correct Answer: C) Net Asset Value. 19. What is the other name by which Banking correspondents are known as? A) Bank Daata. B) Bank Humraahi. C) Bank Saathi. D) Bank Dost. Show Answer Correct Answer: C) Bank Saathi. 20. What is an Indian Depository Receipt? A) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. B) A deposit account with a Public Sector Bank. C) An instrument in the form of deposit receipt issued by Indian depositories. D) A depository account with any of depositories. Show Answer Correct Answer: A) An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company. 21. The recent decisionZ of the RBI to cut Cash Resereve Ratio (CRR) by 150 basis points (October 2008) will be able to infuse how much liquidity into the market? A) Rs. 40, 000 crores. B) Rs. 10, 000 crores. C) Rs. 30, 000 crores. D) Rs. 50, 000 crores. Show Answer Correct Answer: A) Rs. 40, 000 crores. 22. What is Cross Border Exchange? A) Unauthorized remittance of Indian rupee. B) Trading of Indian rupee in exchange of other currencies/goods. C) Hawala transactions in Indian rupee. D) Trading of foreign currency in India. Show Answer Correct Answer: B) Trading of Indian rupee in exchange of other currencies/goods. 23. Banking Sector will fall under which of the following sectors? A) Service Sector. B) Manufacturing. C) Industrial Sector. D) Agriculture Sector. Show Answer Correct Answer: A) Service Sector. 24. Which of the following banks have entered capital market in the wake of Narasimham Committee recommendations? A) State Bank of India. B) Oriental Bank of Commerce. C) Bank of India. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. The Rajiv Gandhi Action plan, put forwarded in 1988 is related to which among the following? A) Multilateral Trade. B) Nuclear Disarmament. C) Information Technology. D) Environmental Protection. Show Answer Correct Answer: B) Nuclear Disarmament. 26. With a view to increase their resource base, RRBs have been permitted to A) Issue of credit/debit cards and settingup of ATMs. B) Open currency chests. C) Handle pension and other government business as sub-agents of those banks which are authorised to conduct government business. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 27. When was the currency function moved from Controller of Currency to RBI? A) 1935. B) 1928. C) 1950. D) 1947. Show Answer Correct Answer: A) 1935. 28. In which year Reserve Bank of India introduced cheque truncation system? A) 2011. B) 2008. C) 2009. D) 2010. Show Answer Correct Answer: B) 2008. 29. Which of these committees was formed in 1915 to review the performance of cooperative societies and suggest measures for strengthening them? A) Maclagan Committee. B) Saraiya Committee. C) Frederick Nicholson Committee. D) Raja Hari Committee. Show Answer Correct Answer: A) Maclagan Committee. 30. CIC's Adjusted Net Worth shall not be less than how much per cent of its aggregate risk weighted assets on balance sheet? A) 30%. B) 40%. C) 50%. D) 70%. Show Answer Correct Answer: A) 30%. ← 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