This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 32 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 32 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. All merchant banks must be worth atleast A) Rs. 4 crore. B) Rs. 1 crore. C) Rs. 3 crore. D) Rs. 2 crore. Show Answer Correct Answer: B) Rs. 1 crore. 2. In which of the following fora has it been decided that all countries will try to reduce emission to prevent further increase in global temperature? A) World Trade Organisation. B) Major Economics Forum. C) BRICS Summit. D) SAARC Summit. Show Answer Correct Answer: C) BRICS Summit. 3. Which is the biggest private sector bank in India? A) ICICI Bank. B) Axis Bank. C) HDFC Bank. D) None of the above. Show Answer Correct Answer: C) HDFC Bank. 4. In India, which of the following agencies is responsible for announcing the Foreign Trade Policy? A) RBI. B) EXIM Bank. C) Foreign Ministry. D) Industry and Commerce Ministry. Show Answer Correct Answer: D) Industry and Commerce Ministry. 5. The practice of reducing NPAs through cross-lending to square off loans from bank is known as? A) "Ever-Greening" of advances. B) "Take Over" of advances. C) Compromise Settlement. D) All of the above. Show Answer Correct Answer: A) "Ever-Greening" of advances. 6. Who was the chairman of the Household Finance committee set up by RBI? A) Usha Thorat. B) Bimal Jain. C) Tarun Ramadorai. D) Pradeep Kumar. Show Answer Correct Answer: C) Tarun Ramadorai. 7. Which of the following is the full form of KCC as used in the agriculture sector? [Andhra Bank 2011] A) Knowledge Credit Corporation. B) Konkan Credit Corporation. C) Kisan Credit Company. D) Kisan Credit Card. Show Answer Correct Answer: D) Kisan Credit Card. 8. What is the maximum ceiling on Foreign Direct Investment (FDI) for investment in the equity of Public Sector Banks in India? A) 51%. B) 26%. C) 20%. D) 49%. Show Answer Correct Answer: C) 20%. 9. Which one of the following committees was set up by RBI to study the various issues relating to financial benchmarks? A) Umesh Chandra. B) Vijaya Bhaskar. C) Urjit Patel. D) Subbu Rao. Show Answer Correct Answer: B) Vijaya Bhaskar. 10. Currency Swap is an instrument to manage 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. 11. The main resources of RRBs are A) Share capital. B) Deposit from the public. C) Borrowing from sponsor banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. Global Financial Development Report provides an update on the state of public and private credit reporting. The report is published by which of the following institutions? A) WHO. B) World Bank. C) IMF. D) Niti Aayog. Show Answer Correct Answer: B) World Bank. 13. Which of the following is not true about RTGS transaction? A) Inward transactions are free. B) There is no ceiling for RTGS transactions. C) The minimum amount to be remitted through RTGS is Rs. 2 lakh. D) Transactions are settled in batches. Show Answer Correct Answer: D) Transactions are settled in batches. 14. Which of the following is generally referred to as a 'Broader' measures of money supply? A) $M_2$. B) $M_4$. C) $M_3$. D) $M_1$. Show Answer Correct Answer: C) $M_3$. 15. What can be the maximum denomination of notes as per the Section 24 of the RBI Act? A) No such limit exists. B) Rs. 10, 000. C) Rs. 1, 00, 000. D) Rs. 50, 000. Show Answer Correct Answer: B) Rs. 10, 000. 16. Which of the following bank has launched RS.mVisa'-a mobile-based payments solution? A) SBI. B) HSBC Bank. C) ICICI Bank. D) Canara Bank. Show Answer Correct Answer: A) SBI. 17. In which pension plans, the specific percentage of an employee pay is contributed by an employer to employees pension plans? A) Early retirement window plans. B) Severance pay plans. C) Employee stock ownership plans. D) Cash balance plans. Show Answer Correct Answer: D) Cash balance plans. 18. A collection of investment tools such as stocks, shares, mutual funds, bonds, cash and so on depending on the investor's income, budget and convenient time frame. The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as A) Portfolio management. B) Credit creation. C) Amortized management. D) Zero account. Show Answer Correct Answer: A) Portfolio management. 19. During inflation, A) Exports becomes more expensive. B) Exports becomes more cheap. C) Imports becomes more expensive. D) Surplus balance of payment. Show Answer Correct Answer: A) Exports becomes more expensive. 20. A money deposited in a bank that cannot be withdrawn for a present fixed period of time is known as a A) Term deposit. B) No frills account. C) Savings bank deposit. D) Checking account. Show Answer Correct Answer: A) Term deposit. 21. What is the full form of 'CRR' as used in banking sector? A) Crucial Reserve Rate. B) Cash Reserve Ratio. C) Compulsory Return Rate. D) Credit and Reserve Ratio. Show Answer Correct Answer: B) Cash Reserve Ratio. 22. Many Regional Rural Banks are given licence to open branches in small cities and towns. These licences are given by A) Reserve Bank of India. B) NABARD. C) Cabinet Committee on economic affairs. D) Indian Banks' Association. Show Answer Correct Answer: A) Reserve Bank of India. 23. Which of the following statements about Regional Rural Banks (RRBs) are correct? A) Sponsor banks travellers cheques can be issued by RRBs. B) RRBs can enter into arrangements with the sponsor banks for providing remittance facilities to its customers. C) Where RRBs can afford the investment, they can install lockers also. D) All of the above. Show Answer Correct Answer: D) All of the above. 24. Which of the following committee formed the basis for the introduction of factoring services in India? A) C.Rangarajan Committee. B) Urjit Patel Committee. C) C. S. Kalyan Sundaram Committee. D) None of the Above. Show Answer Correct Answer: C) C. S. Kalyan Sundaram Committee. 25. A Bank which controls credit is called..... A) Correspondent Bank. B) Unit Bank. C) Central Bank. D) Commercial Bank. Show Answer Correct Answer: C) Central Bank. 26. Which of the following statements about portfolio diversification is correct? A) Proper diversification can reduce or eliminate systematic risk. B) The risk-reducing benefits of diversification do not occur meaningfully until at least 50-60 individual. C) Because diversification reduces a portfolio's total risk, it necessarily reduces the portfolio's expected. D) Typically, as more securities are added to a portfolio, total risk would be expected to decrease at a. Show Answer Correct Answer: D) Typically, as more securities are added to a portfolio, total risk would be expected to decrease at a. 27. .....assumed charge as the Minister of State for Micro, Small & Medium Enterprises (MSME) on 11th November 2014. A) Gopal Singh. B) Manoj Tiwari. C) Giriraj Singh. D) Veerabhadra Singh. Show Answer Correct Answer: C) Giriraj Singh. 28. In which year Public Debt Act was passed? A) 1938. B) 1940. C) 1944. D) 1948. Show Answer Correct Answer: C) 1944. 29. What is the source of income for asset reconstruction companies? A) The retainer fees by the banks. B) The difference in amounts recovered from the accounts less the amount paid to the bank for buying the account. C) The fees charged from loan defaulters. D) The commission paid by banks. Show Answer Correct Answer: B) The difference in amounts recovered from the accounts less the amount paid to the bank for buying the account. 30. Which of the following is not a function of the RBI? [Corporation Bank 2011] A) Maintaining Forex. B) Deciding Bank Rate, CRR and SLR from time to time. C) Opening Savings Accounts for general public. D) Prescribing the Capital Adequacy Ratio. Show Answer Correct Answer: C) Opening Savings Accounts for general public. ← 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