This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 33 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 33 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. General Insurance Corporation of India (GIC) was formed in..... A) 1974. B) 1972. C) 1975. D) 1973. Show Answer Correct Answer: B) 1972. 2. RBI has asked banks to make a plan to provide banking services to all villages having a population up to 200 0. This directive issued by the RBI will fall in which of the following categories? A) Plan for Financial Inclusion. B) Efforts to meet the targets of Priority Sector Lending. C) Plan for opening more rural branches. D) Extension of Relief Packages to the Farmers. Show Answer Correct Answer: A) Plan for Financial Inclusion. 3. What is financial inclusion? A) To provide banking services to all those living in remote areas. B) To provide a 100 days job to all those who are in need of a job. C) To provide a permanent employment to the unemployed. D) To ensure that all financial transactions amounting Rs. 5, 000/-and above are done through banks. Show Answer Correct Answer: A) To provide banking services to all those living in remote areas. 4. Which one out of the following is least liquid among the measures of money supply? A) $M_1$. B) $M_2$. C) $M_3$. D) $M_4$. Show Answer Correct Answer: D) $M_4$. 5. What is the MSME Public Procurement Portal called? A) MSME Samjhauta. B) MSME Sambandh. C) MSME Sandesh. D) MSME Sampark. Show Answer Correct Answer: B) MSME Sambandh. 6. Which among the following alternative exchange Rate Regime is most popular in the world today? A) Crawling Peg. B) Managed Float. C) Free Float. D) Fixed-but-Adjustable Exchange Rate. Show Answer Correct Answer: D) Fixed-but-Adjustable Exchange Rate. 7. The first introduction of Mutual Funds in India occurred in which of the following years? A) 1987. B) 1964. C) 1963. D) 1999. Show Answer Correct Answer: C) 1963. 8. What should be the CRAR of the Infrastructure Finance company? A) 15%. B) 20%. C) 40%. D) 25%. Show Answer Correct Answer: A) 15%. 9. When was the RBI Act amended to establish the Monetary Policy Committee? A) 2016. B) 2015. C) 2017. D) 2014. Show Answer Correct Answer: A) 2016. 10. Which of the following are included in the Forex of India? A) Foreign Currency Assets. B) SDRs. C) Reserve Position in the IMF. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. Which is correct about PSL targets for Foreign banks in India? A) It is not applicable on foreign banks. B) It is applicable on foreign banks having 50 or more branches. C) It is applicable on foreign banks having 20 or more branches. D) It is applicable on all foreign banks. Show Answer Correct Answer: C) It is applicable on foreign banks having 20 or more branches. 12. Petroleum Ministry during August 2014 accorded its in-principle approval for stake-sale in ONGC which may fetch the government about RS. 18, 000 crore to meet disinvestment target for the current fiscal. For this how much stake-sale in the company is proposed? A) 2%. B) 4%. C) 1%. D) 5%. Show Answer Correct Answer: D) 5%. 13. Which of the following is not an activity of merchant banking in India? A) The management of the customers securities. B) The management of the portfolio. C) The management of projects and counselling as well as appraisal. D) None of the above. Show Answer Correct Answer: D) None of the above. 14. Many times we read a term CBS used is banking operations. What is the full form of the letter C in the term 'CBS'? [Indian Overseas Bank 2011] A) Core. B) Credit. C) Complete. D) Continuous. Show Answer Correct Answer: A) Core. 15. What does the DICGC insure? A) Any amount due on account of any deposit received outside India. B) Deposits of Central/State Governments. C) Deposits of foreign Governments. D) None of these. Show Answer Correct Answer: D) None of these. 16. The Export-Import Bank of India was set up in..... A) April 1982. B) July 1969. C) January 1982. D) April 1970. Show Answer Correct Answer: C) January 1982. 17. The Reserve Bank of India on 1 April 2014 adopted the Consumer Price Index (CPI) as the key measure of Inflation. It was adopted in the first bi-monthly monetary policy statement for 2014-1 5. It was adopted on the basis of recommendations of which Committee report? A) C Rao Committee. B) Bhagwati Committee. C) Urjit R Patel Committee. D) A Ghosh Committee. Show Answer Correct Answer: C) Urjit R Patel Committee. 18. Political constancy is chief aspect concerning which of the following risks? A) Non-systematic risk. B) Exchange risk. C) Country risk. D) Systematic risk. Show Answer Correct Answer: C) Country risk. 19. Who is the issuing authority of coins in India? A) Reserve Bank of India. B) Government of India. C) Ministry of Finance. D) Both 1 and 2. Show Answer Correct Answer: B) Government of India. 20. Which of the following statement is true about Bank? A) Banks can accept only time deposit from public. B) Banks can accept only demand deposit from public. C) Banks can accept both demand and time deposit from Public. D) Banks can accept demand and time deposit from Government only. Show Answer Correct Answer: A) Banks can accept only time deposit from public. 21. All the offences under the FEMA are considered as which of the following type? A) Civil Offence. B) Criminal Offence. C) Both Civil and Criminal Offence. D) None of the above. Show Answer Correct Answer: A) Civil Offence. 22. Who is the appointing authority for the banking ombudsman? A) RBI. B) Finance Ministry. C) PMO. D) Team of PM, Finance Minister and RBI Governor. Show Answer Correct Answer: A) RBI. 23. The Govt. of India replaced the FERA by..... A) Monopolies Act. B) FEMA. C) FRBMA. D) FRTP. Show Answer Correct Answer: B) FEMA. 24. In India, it is necessary to have license from the RBI for opening a new branch. This is a requirement under.....Act A) Section 22 of banking Regulation Act. B) Section 22 of RBI Act. C) Section 22 of NABARD. D) KYC Guidelines by RBI. Show Answer Correct Answer: A) Section 22 of banking Regulation Act. 25. What do we call the money that is lent for more than one day but less than 15 days in the call money market? A) Call Money. B) Term Money. C) Notice Money. D) None of the above. Show Answer Correct Answer: C) Notice Money. 26. How much maximum amount that is insured by "deposit insurance" credit corporation (DICGC) A) Rs. 500000. B) Rs. 10000. C) Rs. 100000. D) Rs. 50000. Show Answer Correct Answer: C) Rs. 100000. 27. What is the full form of 'ULIP', the term which was in the news recently? A) Unit Loan & Insurance Plan. B) Universal Life & Investment Plan. C) Unit Linked Insurance Plan. D) Universal Loan & Investment Plan. Show Answer Correct Answer: C) Unit Linked Insurance Plan. 28. An EEFC (Exchange Earner's Foreign Currency) account can be held only in the form of..... A) Saving Account. B) Nostro Account. C) Current Accoun. D) Fixed Deposit Account. Show Answer Correct Answer: C) Current Accoun. 29. Which of the following scheme is related to Financial Inclusion? A) Swavalamban. B) Swabhiman. C) AADHAR. D) AAY. Show Answer Correct Answer: B) Swabhiman. 30. Issue management is an important function of which of the following? A) Public banker. B) Merchant banker. C) Lead banker. D) Private banker. Show Answer Correct Answer: B) Merchant banker. ← 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