This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 36 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 36 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. "Navratna Status" is awarded to which of the following organisations /units? A) Those IITs/IIMs who are doing good research work. B) Defence production units/factories who are showing good profits. C) Any public sector manufacturing unit doing well and earning good profits. D) A public sector bank rated very high by the RBI in the area of customer service and recovery of NPAs. Show Answer Correct Answer: C) Any public sector manufacturing unit doing well and earning good profits. 2. Which of these committees is related to BBPS? A) Rangarajan committee. B) G .Padmanabhan committee. C) Narsimaham committee. D) Y Malegam committee. Show Answer Correct Answer: B) G .Padmanabhan committee. 3. Which of the following is an example of derivative securities? A) Mortgage backed security. B) Interest backed security. C) Return backed security. D) Cash flow backed security. Show Answer Correct Answer: A) Mortgage backed security. 4. In which year for the first time a bill was introduced in the Indian Legislative Assembly for the creation of RBI? A) 1928. B) 1930. C) 1927. D) 1929. Show Answer Correct Answer: C) 1927. 5. What does a rise in SENSEX means? A) Rise in prices of all companies belonging to U.K. B) Overall rise in prices of shares of companies registered in BSE. C) Overall rise in prices of shares of companies registered in NSE. D) Rise in prices of shares of companies of America. Show Answer Correct Answer: B) Overall rise in prices of shares of companies registered in BSE. 6. The term Negotiable Instruments is associated with which of the following? A) A written document that transfers the value in it from one person to other. B) A written document entitled on an individual by delivery or endorsement. C) A written document, entitled on a person to receive money. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. What happens when CRR is increased? A) It decreases money supply. B) It increases demand for money. C) It decreases inflation. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. Which of the following is not an objective of financial sector reform in India? A) Creating an efficient, productive and profitable financial sector industry. B) Preparing the financial system for increasing international competition. C) Opening the external sector in a calibrated fashion. D) Reducing the fiscal deficit. Show Answer Correct Answer: D) Reducing the fiscal deficit. 9. Dr Muhammad Yunus is a resident of [Corporation Bank 2011] A) India. B) Pakistan. C) Bangladesh. D) USA. Show Answer Correct Answer: C) Bangladesh. 10. Which of the following is not the type of Exchange rates? A) Ready. B) Value Tom. C) Backward Transaction. D) Forward Transaction. Show Answer Correct Answer: C) Backward Transaction. 11. Which of the following Private sector Banks has launched personal loan Swift? A) IDBI Bank. B) ICICI Bank. C) Axis Bank. D) HDFC Bank. Show Answer Correct Answer: D) HDFC Bank. 12. Where was the first Land Development Bank set up in India? A) Bihar. B) Punjab. C) Odisha. D) Tamil Nadu. Show Answer Correct Answer: B) Punjab. 13. Which of the following does not constitute 'payment in due course'? A) Payment of a post-dated cheque. B) Payment of a crossed cheque across the counter. C) Payment of a cheques the payment of which has been countermanded. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. When was the Banking correspondent scheme launched by RBI? A) 2005. B) 2006. C) 2002. D) 2001. Show Answer Correct Answer: B) 2006. 15. Inflation can defined as A) A persistent rise in general price level. B) A persistent fall in general price level. C) An increase purchasing power. D) Increase in value of money. Show Answer Correct Answer: A) A persistent rise in general price level. 16. Nobel laureate Muhammed Yunus belongs to which of the following countries? A) Maldives. B) Sri Lanka. C) Bangladesh. D) Pakistan. Show Answer Correct Answer: C) Bangladesh. 17. "Micro Credits" are loans A) Granted to distressed person (other than farmers) to pre-pay their debt to non-institutional lenders against appropriate collateral or group security,. B) Not exceeding 50.000 per borrower provided by banks. C) Both A and B. D) None of these. Show Answer Correct Answer: C) Both A and B. 18. Commercial banks are the largest category of financial intermediaries; others include? A) Life-insurance companies. B) Pension funds. C) Savings and loan institutions. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Many a times we read in the newspapers that RBI takes certain steps to curb the menace of Inflation. In this context, which among the following will not help RBI in controlling the inflation in the country? A) An increase in the Bank Rate. B) A purchase of securities in the open market. C) Rationing of the credit. D) An increase in the Reserve Ratio Requirements. Show Answer Correct Answer: B) A purchase of securities in the open market. 20. What is a Doubtful Asset? A) Sub-standard asset for a period of 12 months. B) Sub-standard asset for a period of 3 months. C) Sub-standard asset for a period of 6 months. D) None of the above. Show Answer Correct Answer: A) Sub-standard asset for a period of 12 months. 21. Which is the first bank to get ISO certificate? A) Canara Bank. B) UBI. C) Corporation Bank. D) Syndicate Bank. Show Answer Correct Answer: A) Canara Bank. 22. Who among the following is a banking corresponding agent? A) An authorized representative of bank who offer banking services in unbanked areas. B) Any person who offer banking services in unbanked areas. C) An authorized representative of bank who makes profits for banks. D) None of the above. Show Answer Correct Answer: A) An authorized representative of bank who offer banking services in unbanked areas. 23. Which of the followings best define an open-funded mutual fund? A) It has an option to invest in any kind of security. B) It has units available for sale and repurchase at all times. C) It does not have a NAV. D) It has fixed fund size. Show Answer Correct Answer: B) It has units available for sale and repurchase at all times. 24. As per notification issued by RBI, circulation of which of the following coins shall be ceased wef 29th June, 2011? A) 50 paise. B) 25 paise. C) Both A and B above. D) None of these. Show Answer Correct Answer: C) Both A and B above. 25. When the government imposes physical and monetary controls to check open inflation, It is known as..... A) Mark-up Inflation. B) Demand pull Inflation. C) Creeping Inflation. D) Suppressed Inflation. Show Answer Correct Answer: D) Suppressed Inflation. 26. For how many days in a year a person should reside in India before applying for the enrolment of Aadhar Card? A) 182 days. B) 132 days. C) 366 days. D) 179 days. Show Answer Correct Answer: A) 182 days. 27. How much shares the government hold in the Public sector banks? A) More than 49%. B) More than 50%. C) More than 33%. D) Minimum 75%. Show Answer Correct Answer: B) More than 50%. 28. The number of directors on the Boards of RRBs has been raised to A) 15. B) 14. C) 17. D) 16. Show Answer Correct Answer: C) 17. 29. The concept of'Micro Credit' essentially concentrates on A) Consumption smoothening as and when needed. B) Providing safe place to hold savings. C) Accepting deposits. D) Provision of credit to the poor. Show Answer Correct Answer: D) Provision of credit to the poor. 30. As per RBI guidelines, Ultra Small Branches may be set up between the base branch and BC locations at how much distance? A) 18-20 Kms. B) 20-25 Kms. C) 3-4 Kms. D) 30-35 Kms. Show Answer Correct Answer: C) 3-4 Kms. ← 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