This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 37 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 37 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act, 1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by A) Central Government. B) Reserve of Bank of India. C) State Government. D) Sponsor bank in consultation with NABARD. Show Answer Correct Answer: D) Sponsor bank in consultation with NABARD. 2. The rate of interest on Savings Bank Account is stipulated by [Corporation Bank 2011] A) The concerned bank. B) Indian Banks Association. C) RBI. D) Government of India. Show Answer Correct Answer: C) RBI. 3. The minimum and maximum court fee that is required to be paid for filing a suit in a Debt Recovery Tribunal is? A) Rs. 5, 000; Rs. 1, 00, 000. B) Rs. 10, 000; Rs. 1, 00, 000. C) Rs. 12, 000; Rs. 1, 50, 000. D) All of the above. Show Answer Correct Answer: C) Rs. 12, 000; Rs. 1, 50, 000. 4. Which of the following committees recommended the development of Leasing Financing in India? A) Dahotre Committee. B) Rangarajan Committee. C) Purshotam Committee. D) Kothari committee. Show Answer Correct Answer: A) Dahotre Committee. 5. Who among the followinf initiated Capital Market Line? A) Markowitz. B) Mohsin. C) William Sharpe. D) Linter. Show Answer Correct Answer: C) William Sharpe. 6. Any NBFC is is considered systemically important NBFC when its asset size is of how much amount or more? A) Rs 500 Crore. B) Rs 250 Crore. C) Rs 100 Crore. D) Rs 750 Crore. Show Answer Correct Answer: A) Rs 500 Crore. 7. The Regulatory Authority for Regional Rural Banks is A) Sponsor Bank. B) Central Government. C) State Government. D) RBI and NABARD. Show Answer Correct Answer: D) RBI and NABARD. 8. Which of the following is the purchase of bonds and shares of Indian companies by Foreign Institutional investors? A) FDI. B) NRI investment. C) Foreign indirect investment. D) Portfolio investment. Show Answer Correct Answer: A) FDI. 9. An indicator currently used by United nations development programme (UNDP) for measure ment of the quality of people's life is known as A) Human development Index. B) Average expectancy of life. C) Per capita income. D) Standard of living index. Show Answer Correct Answer: A) Human development Index. 10. Lock period in Term deposit means? A) Locker must be opened by the customer in the branch. B) The Pre-maturity is not possible. C) Nominee name need not be written. D) Another account cannot be opened by customer. Show Answer Correct Answer: B) The Pre-maturity is not possible. 11. As we read every now and then, the Monetary and Credit Policy is reviewed and changes/corrections are made frequently.Who amongst the following exactly takes this decision in India? A) Deputy Chairman, Planning Commission. B) Prime Minister. C) Finance Minster. D) None of these. Show Answer Correct Answer: D) None of these. 12. To which of the following personalities is the BHIM app dedicated? A) Mahatma Gandhi. B) Dr. B.R Ambedkar. C) Subhash Chandra Bose. D) Jawahar Lal Nehru. Show Answer Correct Answer: B) Dr. B.R Ambedkar. 13. Venture Loans are.....? A) Startup Loans. B) Long-term Loans. C) Loan for day to day activities. D) Small period Loans. Show Answer Correct Answer: A) Startup Loans. 14. The term 'Smart Money" refers to . A) Credit Cards. B) Foreign Currency. C) US Dollars. D) Internet Banking. Show Answer Correct Answer: A) Credit Cards. 15. What is the full form of the term LIBOR as used in financial/banking sector? A) London-India Bureau of Regulations. B) London Inter Bank Offered Rate. C) Liberal International Bank Official Ratio. D) Local Indian Bank Offered Rate. Show Answer Correct Answer: B) London Inter Bank Offered Rate. 16. According to International Monetary Fund, the countries with Foreign exchange controls are known by which of the following names? A) Article 14 countries. B) Article 17 countries. C) Article 18 countries. D) Article 16 countries. Show Answer Correct Answer: A) Article 14 countries. 17. As per the Negotiable Instruments Act 1882, the term negotiable relates to which of the following? A) Money. B) Can be passed. C) Bargain. D) Transferable. Show Answer Correct Answer: D) Transferable. 18. Each of the RRBs covers districts ranging from A) 2 to 25. B) 3 to 25. C) 2 to 15. D) 1 to 15. Show Answer Correct Answer: A) 2 to 25. 19. Which of the following clearly defines venture capital? A) It is a fund provided for renovation of industries. B) It is a short-term capital. C) It is a fund provided to industries at times of incurring losses. D) It is a long-term start-up capital provided to new entrepreneurs. Show Answer Correct Answer: D) It is a long-term start-up capital provided to new entrepreneurs. 20. What is an Demat account? A) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business. B) Zero Balance Accounts. C) Accounts which are operated through internet banking facility. D) Accounts in which shares of various companies are traded in electronic form. Show Answer Correct Answer: D) Accounts in which shares of various companies are traded in electronic form. 21. Which of the following doesn't relates with banking or finance? A) Hundis. B) Devaluation. C) Gearing. D) Flare. Show Answer Correct Answer: D) Flare. 22. Special Drawing Rights are the rights of countries provided by A) ADB. B) World Bank. C) IMF. D) Federal Reserve. Show Answer Correct Answer: C) IMF. 23. Micro or Small Enterprise (as defined in the MSMED Act 2006) may be said to have become Sick, if? A) Any of the borrowal account of the enterprise remains NPA for ten months or more. B) Any of the borrowal account of the enterprise remains NPA for three months or more. C) Any of the borrowal account of the enterprise remains NPA for five months or more. D) Any of the borrowal account of the enterprise remains NPA for eight months or more. Show Answer Correct Answer: B) Any of the borrowal account of the enterprise remains NPA for three months or more. 24. Insurance cover for bank deposits in our country is provided by: A) LICI. B) GIC. C) SBI. D) DICGC. Show Answer Correct Answer: D) DICGC. 25. What is the full form of LAF, as used in banking world very frequently? A) Legal Adjournment Formality. B) Local Advance Finance. C) Liquidity Adjustment Facility. D) Liquid Advances Finance. Show Answer Correct Answer: C) Liquidity Adjustment Facility. 26. The RBI is not expected to perform the function of A) The banker to the government. B) Issue of currency. C) Accepting deposit from commercial public. D) Accepting deposit from commercial banks. Show Answer Correct Answer: C) Accepting deposit from commercial public. 27. RBI did not issue any currency notes during work period of which RBI Governor? A) Sir Benegal Rama Rau. B) Sir C D Deshmukh. C) H V R Iengar. D) K G Ambegaonkar. Show Answer Correct Answer: D) K G Ambegaonkar. 28. Which of the following exactly define the meaning of Mezzanine Financing? A) It is a hybrid of debt and equity financing. B) It is the highest-risk form of debt, but it offers some of the highest returns. C) It allows companies with less collateral to secure funding for growth. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 29. Which of the following is the target fixed for maintaining fiscal deficit in the Union Budget of India? A) 3.6% of GDP. B) 3.6% of total budget. C) 4.6% of total budget. D) 4.6% of GDP. Show Answer Correct Answer: D) 4.6% of GDP. 30. Money laundering is related..... A) To reduce the Black Money. B) To reduce the number of families which lives below poverty line. C) To reduce the unemployment rate. D) To reduce the NPA of Banks. Show Answer Correct Answer: A) To reduce the Black Money. ← 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