This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 40 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 40 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Bancassurance means A) Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches. B) Assurance given by banks to its customers. C) Life policy issued to the bank on the life of their staff. D) Assurance given to bank by general insurance companies for insuring assets of the banks. Show Answer Correct Answer: A) Distribution of Insurance policies both life and non-life, by banks as corporate agents through their branches. 2. Whose signature is found on a 50 rupee currency note in India? A) Prime Minister of India. B) President of India. C) Governor, RBI. D) Finance Minister. Show Answer Correct Answer: C) Governor, RBI. 3. Loans and advances a bank, provides come under which of the following category? A) Assets. B) Liabilities. C) Costs. D) All of these. Show Answer Correct Answer: A) Assets. 4. Head office of Bank of Maharashtra is located at..... A) New Delhi. B) Pune. C) Bhopal. D) Mumbai. Show Answer Correct Answer: B) Pune. 5. Many a time we read a term 'SEPA' in financial newspapers. What is the full form of the term? [UBI 2009] A) Single Euro Payments Area. B) Single Exchange Processing Agency. C) Single Electronic Processing Agency. D) Super Electronic Purchase Agency. Show Answer Correct Answer: A) Single Euro Payments Area. 6. As we know, a lot of new concepts are being used in the field of banking these days. Which of the following is NOT one such concept/product directly associated with banks? A) ATM/Debit Card. B) Number Portability. C) SMS Alert. D) F-payment. Show Answer Correct Answer: B) Number Portability. 7. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India? A) RBI. B) NABARD. C) SEBI. D) SIDBI. Show Answer Correct Answer: B) NABARD. 8. What is the currency deposit ratio (CDR)? A) Ratio of money held by the public in currency to that of money held in bank deposits. B) Ratio of money held by public in bank deposits to that of money held by public in currency. C) Ratio of money held in demand drafts to that of money held in treasury bonds. D) None of the above. Show Answer Correct Answer: A) Ratio of money held by the public in currency to that of money held in bank deposits. 9. Who can become an authorised BBPOU under BBPS? A) Banks. B) Non-Bank entities. C) Both Banks and Non-Bank entities. D) None of the above. Show Answer Correct Answer: C) Both Banks and Non-Bank entities. 10. How many banks are there in public sector at present? A) 27. B) 28. C) 20. D) 19. Show Answer Correct Answer: A) 27. 11. A company based IDF is regulated by which of the following? A) SEBI. B) RBI. C) SBI. D) None of the above. Show Answer Correct Answer: B) RBI. 12. 'A customer is a person who maintains an account with a Bank' This definition of the customer is as per..... A) Banking Regulation Act, 1949. B) RBI Act, 1934. C) Negotiable Instrument Act, 1881. D) KYC guidelines of RBI. Show Answer Correct Answer: D) KYC guidelines of RBI. 13. Which of these RRB is not sponsored by State bank of India? A) Saurashtra Grameen Bank. B) Utkal Grameen Bank. C) Uttarakhand Grameen Bank. D) Punjab Grameen Bank. Show Answer Correct Answer: D) Punjab Grameen Bank. 14. Direct Benefit Transfer or DBT beneficiaries can withdraw money through which of the following servies? A) Micro-ATMs. B) Aadhar Enabled Payment System. C) BHIM Aadhar Pay. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Who was the chairman of the first Banks Board Bureau? A) Vinod Rai. B) Usha Mehta. C) Ravi Shankar Menon. D) Raghuram Rajan. Show Answer Correct Answer: A) Vinod Rai. 16. Who headed the committee to evaluate the license applications for Payment banks? A) Nachiket Mor. B) B S Mehta. C) C Rangarajan. D) Usha Thorat. Show Answer Correct Answer: A) Nachiket Mor. 17. POSCO is in the process of establishing its plants in India. What does the letter 'P' denote in the name POSCO? A) Popular. B) Pallin. C) Pohang. D) Paradeep. Show Answer Correct Answer: C) Pohang. 18. Banks generally borrow funds from which of the following money markets to meet the mandatory Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements as stipulated by the Central bank? A) Notice Money Market. B) Call Money Market. C) Bill Market. D) Money Market. Show Answer Correct Answer: B) Call Money Market. 19. In case of a debt taken by a married woman, her husband will be liable for debt only if the debt is taken A) With his consent or authority. B) For the supply of necessaries of life to the wife, in case the husband defaults in supplying the same to her. C) Both A and B. D) Either A or B. Show Answer Correct Answer: C) Both A and B. 20. Which of the following statements about the money market is/are true? A) Not all commercial banks deal for their customers in the secondary market. B) Money markets are used extensively by businesses both to warehouse, surplus funds and to raise short-term funds. C) The single most influential participant in the US money market is the US Treasury Department. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 21. Which of the following certainly is an effort in the direction of Financial Inclusion? A) Foreign Currency Accounts. B) No-frills Accounts. C) Internet Banking. D) Anywhere Banking. Show Answer Correct Answer: B) No-frills Accounts. 22. How many Local Area banks exist at present? A) 34. B) 10. C) 4. D) 7. Show Answer Correct Answer: C) 4. 23. The balance of trade is given by A) Income receipts minus income payments on investments. B) The balance of unilateral transfers. C) Merchandise exports plus service exports minus the sum of merchandise and service imports. D) The balance on current account. Show Answer Correct Answer: D) The balance on current account. 24. Which among the following NBFC are not excluded from the Ombudsman scheme for NBFC? A) Deposit accepting NBFCs. B) IDF-NBFC. C) Core Investment Company. D) NBFC-IFC. Show Answer Correct Answer: A) Deposit accepting NBFCs. 25. From the given options, bring out the one which is not a function/power of Reserve Bank of India? A) To assume the responsibility meeting directly or indirectly all reasonable demands for accommodation. B) To hold cash reserves of the commercial banks and make available financial accommodation to them. C) To enjoy monopoly of the note issue. D) To assume responsibility of all banking operations of the government. Show Answer Correct Answer: A) To assume the responsibility meeting directly or indirectly all reasonable demands for accommodation. 26. The earliest efforts in the direction of setting up special land mortgage banks were made in A) WestBengal when thefirst Co-operative Land Mortgage Bank was organised in 24 Parganas in 1884. B) In Punjab when the first Co-operative Land Mortgage Bank was organised in Jhang in 1920. C) Orissa when the first Co-operative Land Mortgage Bank was organised in Jhang in 1834. D) All of these. Show Answer Correct Answer: B) In Punjab when the first Co-operative Land Mortgage Bank was organised in Jhang in 1920. 27. Public Credit Registry will have data loans granted by which of the following institutions? A) NBFC. B) MFI. C) Loans form Domestic Market. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. A loan granted for short-term crops will be treated as NPA, if the instalment of principal or interest thereon or both remain overdue for.....crop season(s). A) Three. B) Four. C) Two. D) One. Show Answer Correct Answer: C) Two. 29. Which of the following is another name for Bank of Sweden Prize? A) Noble Prize for Literature. B) Noble Prize for Peace. C) Man Booker Prize. D) None of these. Show Answer Correct Answer: D) None of these. 30. The rate at which Banks borrow money from the Reserve Bank is called..... A) Bank rate. B) Reverse repo rate. C) Repo rate. D) Base rate. Show Answer Correct Answer: C) Repo rate. ← 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