This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 38 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 38 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Methods of credit control used by the RBI can be divided into..... A) Long-term and short term. B) Rural and Urban. C) Qualitative and Quantitative. D) Monetary and Fiscal. Show Answer Correct Answer: C) Qualitative and Quantitative. 2. Where is Central Accounts Section of Reserve Bank of India located? A) Aurangabad. B) Mumbai. C) Pune. D) Nagpur. Show Answer Correct Answer: D) Nagpur. 3. UnionPay debit card is concerned with which among the following country? A) China. B) Nepal. C) Pakistan. D) None of The Above. Show Answer Correct Answer: A) China. 4. Which committee first time in India supported the concept of Insuring Deposits? A) Urban Banking Enquiry Committee. B) Rural Banking Enquiry Committee. C) Rural Banking Deposit Committee. D) SBI Rural Banking Enquiry Committee. Show Answer Correct Answer: B) Rural Banking Enquiry Committee. 5. Which pair is not correct? A) RBI-Banker's bank. B) EXIM Bank-Financing for export-import. C) FCI-Financial assistance to commercial institutions. D) IDBI-Industrial Finance. Show Answer Correct Answer: C) FCI-Financial assistance to commercial institutions. 6. Forex is generally maintained by which of the following? A) Commercial bank of that country. B) Central Bank of that country. C) Central government of that country. D) None of the above. Show Answer Correct Answer: B) Central Bank of that country. 7. What is the current deposit limit of Payment banks? A) Rs 50000. B) Rs 5 lakhs. C) Rs 2 lakhs. D) Rs 1 lakh. Show Answer Correct Answer: D) Rs 1 lakh. 8. Which of the following statements related to Micro Finance System is wrong? A) It provides micro credit having scope for small savings and remittance of funds. B) It based on the principle of livelihood creation. C) High volumes of low transactions done through this system. D) None is wrong. Show Answer Correct Answer: D) None is wrong. 9. Which of these is an International Financial Institution? A) World Bank. B) European Investment Bank. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 10. The revival of the Kisan Vikas Patra (KVP) was announced in the Union Budget 2014-15 on 10 July 201 4. The KVP was discontinued from November 2011 on the recommendation of which committee's recommendations? A) Shyama Prasad Committee. B) Gopinath Ghokle Committe. C) Shyamlal Kunde Committee. D) Shyamala Gopinath Committee. Show Answer Correct Answer: D) Shyamala Gopinath Committee. 11. Financial services offered financing risk project to provide which of the following? A) Seed capital. B) Primary fund. C) Venture capital. D) Secondary fund. Show Answer Correct Answer: C) Venture capital. 12. What is cross-border exchange? A) The trading of the Indian rupee in exchange for other currencies/goods. B) Trading of foreign currency in India. C) Unauthorised remittance of the Indian rupee. D) Hawala transactions. Show Answer Correct Answer: A) The trading of the Indian rupee in exchange for other currencies/goods. 13. Which of the following are the Institutional Underwriters in India? A) IDBI. B) IFCI. C) UTI. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 14. Loans to poor people by banks have many limitations including lack of security and high operating cost. So to help them which type of finance system developed? A) Micro Finance System. B) Ponzi schemes. C) Money Laundering Schemes. D) Money tampering finance. Show Answer Correct Answer: A) Micro Finance System. 15. The system of Note Issue followed by Reserve Bank of India is..... A) Maximum Fiduciary System. B) Minimum Fiduciary System. C) Minimum Reserve System. D) Proportional Reserve System. Show Answer Correct Answer: C) Minimum Reserve System. 16. Deflation refers to A) General decline in price of various commodities and services. B) Price decline in specific sectors. C) Price decline in specific commodities. D) Sharp and sudden decline in foreign exchange reserves. Show Answer Correct Answer: A) General decline in price of various commodities and services. 17. Aadhaar-Linked Birth Registration (ALBR) scheme has been launched in which of the following states? A) Haryana. B) Chandigarh. C) Himachal Pradesh. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. Which of the following is a correct statement? A) Normally no interest is paid on current deposit accounts. B) Interest is paid on current accounts at the same rate as term deposit accounts. C) The rate of interest on current account and savings account are the same. D) No interest is paid on any deposit by the bank. Show Answer Correct Answer: A) Normally no interest is paid on current deposit accounts. 19. "Open Market Operation" are controlled by..... A) Finance Ministry. B) IMF. C) World Bank. D) RBI. Show Answer Correct Answer: D) RBI. 20. The RBI has asked banks to spell out their policy, procedures and size of the business on which of the following aspects of banking? A) On-shore banking. B) Investments in secondary market. C) Wealth management. D) Off-shore banking. Show Answer Correct Answer: C) Wealth management. 21. Who among the following are the beneficiaries of the RS.Reverse Mortgage Scheme'.? A) Unemployed Persons. B) Government Employees. C) Senior Citizens. D) Persons of BPL Category. Show Answer Correct Answer: C) Senior Citizens. 22. With reference to Banking what is PCR? A) Provision Coverage Ratio. B) Profit Credit Ratio. C) Provision Cash Ratio. D) Provision Credit Ratio. Show Answer Correct Answer: A) Provision Coverage Ratio. 23. To make KCC a Smart Card cum Debit Card, Government of India had constituted a Working Group under the Chairmanship of A) C. Ranga Rajan. B) Chanda Kocchar. C) Arundhathi Bhattacharya. D) T.M. Bhasin. Show Answer Correct Answer: D) T.M. Bhasin. 24. Which of the following is not the feature of Real Time Gross Settlement (RTGS)? A) Payments are settled transaction by transaction. B) Settlement of funds is revocable. C) Settlement is done in real time. D) It is a fully secured system which uses digital signatures and public key encryption for safe and secure message transmission. Show Answer Correct Answer: B) Settlement of funds is revocable. 25. Which of the following defines letter of credit? A) A contractual agreement made between different parties to compensate for any damages or losses. B) It is a letter from a bank, guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. C) A solemn promise or agreement to do or refrain from doing something. D) A security interest on real property grant to a lender. Show Answer Correct Answer: B) It is a letter from a bank, guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. 26. Bancassurance is A) An insurance scheme to insure bank deposits. B) An insurance scheme exclusively for the employees of banks. C) A composite financial service offering both banking and insurance products. D) None of these. Show Answer Correct Answer: D) None of these. 27. Which of the following are not insured by the Deposit Insurance and Credit guarantee Corporation (DICGC)? A) Local Area Banks. B) Regional Rural Banks. C) Commercial Banks. D) Primary Co-operative Societies. Show Answer Correct Answer: D) Primary Co-operative Societies. 28. On July 12, 1982, the ARDC was merged into A) RBI. B) HDFC Bank. C) NABARD. D) EXIM Bank. Show Answer Correct Answer: C) NABARD. 29. The system of Ad-hoc Treasury Bills in India was replaced by Ways and Means Advances with effect from..... A) 1st April, 1996. B) 1st April, 1998 st. C) 1st April, 1995. D) 1st April, 1997. Show Answer Correct Answer: D) 1st April, 1997. 30. Where is the headquarter of Bharatiya Reserve Bank Note Mudran Private Limited located? A) Chennai. B) Bangalore. C) New Delhi. D) Hyderabad. Show Answer Correct Answer: B) Bangalore. ← 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