This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 39 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 39 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The common feature of all the agricultural credit societies in the country is that A) The persons living in cities and town are their members. B) The agriculturists are their members. C) Only small and marginal farmers are their members. D) Only the farmers having land holding of 8 acre and above are their members. Show Answer Correct Answer: B) The agriculturists are their members. 2. Factoring Business is also known as by which of the following names? A) Accounts Receivable Factoring. B) Asset Based Lending. C) Invoice Factoring. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 3. Mahesh and Suresh are friends aged 14 and 15 respectively. They want to open a joint account in your bank. You will A) Allow them to open a joint account to be operated jointly. B) Allow them to open a joint account with operating instructions either or survivor. C) Allow them to open a joint account with operating instructions former or survivor. D) Allow them to open a joint account with operating instructions any one or survivor. Show Answer Correct Answer: A) Allow them to open a joint account to be operated jointly. 4. Liberalized Exchange Rate Management System (LERMS) involving dual exchange rate mechanism was instituted on the recommendations of a high level committee. Who was the head of this committee? A) Dr. C. Rangarajan. B) Urjit Patel. C) Nandan Nilekani. D) None of the Above. Show Answer Correct Answer: A) Dr. C. Rangarajan. 5. In which year the ICICI Limited was merged with its subsidiary ICICI Bank? A) 2002. B) 2004. C) 2005. D) 1995. Show Answer Correct Answer: A) 2002. 6. Which of the following organizations is selected by the RBI for issuing globally compatible Legal Entity Identifiers (LEIs)? A) Industrial Credit and Investment Corporation of India (ICICI). B) Clearing Corporation of India Ltd (CCIL). C) Housing Development Finance Corporation (HDF. D) Security and Exchange Board of India (SEBI). Show Answer Correct Answer: B) Clearing Corporation of India Ltd (CCIL). 7. Distribution of insurance products and insurance policies by banks as corporate agents is known as A) General Insurance. B) Insurance banking. C) Non-life insurance. D) Bancassurance. Show Answer Correct Answer: D) Bancassurance. 8. Which among the following is world's largest foreign exchange market? A) Moscow. B) New York. C) London. D) Tokyo. Show Answer Correct Answer: C) London. 9. Which statement correctly describes RS.Bridge financing'? A) Finance provided to bridge the gap between poor and the rich. B) Bridge financing begins at the end of the first loan and ends with the start of the second loan. C) Bridge financing ends at the start of the first loan and starts with the end of the second loan. D) Finance provided to bridge the gap between Rural and the Urban people. Show Answer Correct Answer: B) Bridge financing begins at the end of the first loan and ends with the start of the second loan. 10. Where is the headquarters of World Bank situated? A) Washington D.C. B) Vienna. C) Paris. D) Basel. Show Answer Correct Answer: A) Washington D.C. 11. Which of the following correctly define the Foreign Exchange (Forex) Market? A) It is a market where only Foreign currency is used. B) It is a market where foreign currencies are bought and sold simultaneously. C) It is a physical market where only foreigners are allowed. D) None of the Above. Show Answer Correct Answer: B) It is a market where foreign currencies are bought and sold simultaneously. 12. In which of the following years, the concept of Micro Finance launched? A) 2002. B) 1982. C) 1972. D) 1992. Show Answer Correct Answer: A) 2002. 13. Which of the following documents is mandatory for withdrawal/remittance of foreign exchange? A) PAN. B) Aadhar card. C) Passport. D) None of the above. Show Answer Correct Answer: A) PAN. 14. The securities that the Banks purchase with the intention of keeping them till they mature, fall in which of the following categories? A) Fixed securities. B) Held till maturity. C) Fixed time securities. D) Permanent securities. Show Answer Correct Answer: B) Held till maturity. 15. Which of the following is the eligibility parameters for NBFCs as sponsors of IDF-MF? A) The NBFC should have a minimum Net Owned Funds (NOF) of Rs.300 crore. B) Its net NPAs should be less than 3% of net advances. C) It should have been in existence for at least 5 years. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. On the recommendation of which committee Rail Budget was seperated from General Budget in 1924? A) Hilton Young Committee. B) Brettenwood Committee. C) Acworth Committee. D) Patnayak Economy Committee. Show Answer Correct Answer: C) Acworth Committee. 17. Which of the following are the different options available to the entrepreneurs for funding the business? A) Venture Capital. B) Angel Financing. C) Invoice Factoring. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 18. What is the limit of the commission set for Underwriting in India? A) 5% on shares and 2.5% on debentures. B) 2.5% on shares and 5% on shares. C) 10% on shares and 5% on debentures. D) None of the Above. Show Answer Correct Answer: A) 5% on shares and 2.5% on debentures. 19. Shares of companies notified by SEBI can be traded only when these are in.....form A) Physical. B) Dematerialised. C) Either A and B. D) Centralised. Show Answer Correct Answer: B) Dematerialised. 20. The most prominent national level micro finance apex organisation providing micro credit services for women in India is A) National Credit Fund for women. B) Mahila Samridhi Kosh. C) Rural Women Self Help Group. D) All of these. Show Answer Correct Answer: A) National Credit Fund for women. 21. Commercial paper issued with low interest rate thus commercial paper are categorized as A) Better credit rating. B) Commercial rating. C) Poor credit rating. D) Payables rating. Show Answer Correct Answer: A) Better credit rating. 22. For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for? A) Equated Money Index. B) Easy Money Installment. C) Equated Monthly Installment. D) Equal Monthly Installment. Show Answer Correct Answer: C) Equated Monthly Installment. 23. As of 2014, the BRICS nations represent what per cent of the World economy. A) 18. B) 15. C) 12. D) 23. Show Answer Correct Answer: A) 18. 24. The Monetary and Credit Policy of India is the responsibility of which of the following? A) Planning Commission. B) Finance Ministry. C) National Advisory Council. D) RBI. Show Answer Correct Answer: D) RBI. 25. When does the central Bank increase the minimum statutory cash reserve ratio of the commercial banks? A) When the economy is in deflationary condition. B) When the central Bank aims credit expansion. C) When the economy is in recession. D) None of these. Show Answer Correct Answer: D) None of these. 26. How is Capital Adequacy Ratio of banks calculated by RBI? A) (Tier 1 Capital + Tier 2 capital + Tier 3 capital)/Risk weighted assets. B) (Tier 1 Capital-Tier 2 capital)/Risk weighted assets. C) (Tier 1 Capital + Tier 2 capital)/Risk weighted assets. D) None of the above. Show Answer Correct Answer: C) (Tier 1 Capital + Tier 2 capital)/Risk weighted assets. 27. The word "Code Sharing" is most used in which of the following industries? A) Defense Industry. B) Nuclear Industry. C) Air Transport Industry. D) Information Technology. Show Answer Correct Answer: C) Air Transport Industry. 28. How many banks are presently associates of State Bank of India? A) 5. B) 6. C) 7. D) 8. Show Answer Correct Answer: A) 5. 29. Which of the followings are defined as Negotiable Instruments by Custom (Trade Practices)? A) Banker's Note. B) Share Certificates. C) Share Warrants. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. The main function of IMF is to A) Arrange international deposits from banks. B) Give financial investment loans to devoloping countries. C) Act as a private sector lending arm of the World Bank. D) Help of solve balance of payment problems of member countries. Show Answer Correct Answer: D) Help of solve balance of payment problems of member countries. ← 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