This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 41 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 41 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When did the Banking Regulation Act, 1949 become applicable to the state of Jammu & Kashmir? A) 1970. B) 1966. C) 1956. D) 1949. Show Answer Correct Answer: C) 1956. 2. The provisions contained in section 138 of the negotiable instruments act 1881 shall A) Be attracted whether the cheques is ante-dated or post-dated provided it is presented within 3 months of the date of cheques or the period of validity, whichever, is earlier. B) Not be attracted if the cheques is ante-dated. C) Not be attracted if the cheques is post-dated. D) All of the above. Show Answer Correct Answer: A) Be attracted whether the cheques is ante-dated or post-dated provided it is presented within 3 months of the date of cheques or the period of validity, whichever, is earlier. 3. Which of the following are the chacteristics of a Mortgage Loan? A) It is secured against, immovable or fixed property. B) It is a long-term loan in nature. C) It is repaid in small monthly installments along with interest. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 4. The Reserve Bank of India has directed all the banks to ensure that the names of their customers, individuals or corporates, do not appear in any list published by the Security Council Committee. This act/directive of the RBI is to ensure which of the following? A) To ensure that the bank loans/advances taken by the individuals/organizations are used only in those activities for which they are taken. B) To ensure that money deposited in the bank has not come from unknown and unauthorized sources. C) To ensure that no one visits a foreign nation for any illegal activity by purchasing foreign currency from a bank. D) To ensure that Indians do not go to a nation where they are being targeted for racial discrimination. Show Answer Correct Answer: C) To ensure that no one visits a foreign nation for any illegal activity by purchasing foreign currency from a bank. 5. Which one among the following has not started commercial banking? A) SIDBI. B) UTI. C) ICICI. D) IDBI. Show Answer Correct Answer: A) SIDBI. 6. A significant decrease in the demand for loans will force Banks to..... A) Resort to borrowings. B) Sell securities to the central Bank. C) Raise the prime lending rate. D) Adjust their portfolios. Show Answer Correct Answer: D) Adjust their portfolios. 7. Government securities are considered liquid because they are . A) Backed by the government treasury . B) Convertible into the other types of saving deposits. C) Stable in value. D) Quickly & easily Marketable. Show Answer Correct Answer: C) Stable in value. 8. Stock exchange securities do not include..... A) Debentures of companies. B) Small debentures issued by port trusts. C) Government promissory note. D) Participation certificates. Show Answer Correct Answer: D) Participation certificates. 9. Who amongst the following is the Chairman of the 13th Finance Commission? A) Bimal Jalan. B) Vijay Kelkar. C) C Rangarajan. D) Y V Reddy. Show Answer Correct Answer: B) Vijay Kelkar. 10. When did Payment and Settlement Systems Act, 2007 (PSS Act, 2007) came into force? A) 12th August 2009. B) 12th September 2008. C) 12th August 2008. D) 12th December 2007. Show Answer Correct Answer: C) 12th August 2008. 11. SWIFT is a network for banks to exchange information. What is the expanded form? A) Safe window for international transactions. B) Secured worldwide international transactions. C) Society for worldwide interbank financial telecommunications. D) All of the above. Show Answer Correct Answer: C) Society for worldwide interbank financial telecommunications. 12. Intervenes in markets to maintain the external value of the Indian rupee A) IMF. B) Importers. C) RBI. D) Exporters. Show Answer Correct Answer: C) RBI. 13. The Head Office of the National Bank for Agriculture & Rural Development (NABARD) is located in A) Mumbai. B) Lucknow. C) Hyderabad. D) New Delhi. Show Answer Correct Answer: A) Mumbai. 14. The short term loans given to the farmers are the loans given normally for a period of A) Nine months. B) One year. C) Three months. D) Six months. Show Answer Correct Answer: B) One year. 15. Which of the following rating agencies is best suited for MSME Ratings? A) CIBIL. B) ICRA. C) SMERA. D) CRISIL. Show Answer Correct Answer: C) SMERA. 16. If a credit card is lost, the card member should call up the Customer Helpline number and he says his request for deactivating the card. This is called A) Hotlisting. B) Blocklisting. C) Crosslisting. D) Shortlisting. Show Answer Correct Answer: A) Hotlisting. 17. Which of the following is/are known as banker's bank? A) SBI. B) NABARD. C) RBI. D) All of these. Show Answer Correct Answer: C) RBI. 18. Which of the following in not the method of measuring National Income? A) Product method. B) Production method. C) Consumption Method. D) Income Method. Show Answer Correct Answer: B) Production method. 19. In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities? A) Commercial Banks. B) Microfinance Institutions. C) Regional Rural Banks. D) Co-operative Banks. Show Answer Correct Answer: A) Commercial Banks. 20. GDP at factor cost is A) GDP minus indirect taxes plus subsidies. B) GNP minus depreciation allowance. C) NNP plus depreciation allowance. D) GDP minus subsidies plus indirect taxes. Show Answer Correct Answer: A) GDP minus indirect taxes plus subsidies. 21. During which of the following plan period annual growth rate of G.D.P. was registered as 3.6%? A) Fifth five year plan. B) Second five year plan. C) Fourth five year plan. D) First five year plan. Show Answer Correct Answer: D) First five year plan. 22. The merchant banking activity in India is governed by A) SEBI. B) RBI. C) IRDA. D) All of these. Show Answer Correct Answer: A) SEBI. 23. What GDP growth rate range for 2014-15 was estimated in the Economic Survey 2013-14, which was tabled recently in the Lok Sabha? A) 5.2 to 5.7%. B) 5.1 to 5.9%. C) 5.4 to 5.9%. D) 5.3 to 5.9%. Show Answer Correct Answer: C) 5.4 to 5.9%. 24. Who is the chairperson of the Monetary Policy committee of India? A) RBI Governor. B) Chief Economic Advisor. C) Finance Minister. D) Prime Minister. Show Answer Correct Answer: A) RBI Governor. 25. Which of the following is a measure taken by Reserve Bank of India to control inflation in our country? A) Increase in CRR. B) Contraction of supply of currency. C) Raising of Repo /Reverse Repo Rate. D) Increase in SLR. Show Answer Correct Answer: C) Raising of Repo /Reverse Repo Rate. 26. What do we call a loan which remains NPA for a period less than or equal to 12 months? A) Doubtful asset. B) Sub-standard Asset. C) Loss. D) None of the above. Show Answer Correct Answer: B) Sub-standard Asset. 27. Which of the following banks has opened the country's first "Cash Factory" in Lucknow which will issue currency notes to all its branches and ATM in the area? (Andhara Bank 2009) A) Bank of Baroda. B) Bank of India. C) Union Bank of India. D) State Bank of India. Show Answer Correct Answer: D) State Bank of India. 28. Which of the following is NOT a Public Sector Unit/Undertaking/Agency? A) Axis Bank. B) ECGC. C) SEBI. D) SIDBI. Show Answer Correct Answer: A) Axis Bank. 29. What is OTP in credit card transaction? A) One Time Password. B) Odd Transaction Password. C) One Time Pincode. D) Owner is Trading Pass code. Show Answer Correct Answer: A) One Time Password. 30. Who amongst the following Padma Bhushan awardees is a famous banker? A) Azim H Premji. B) Kapila Vatsyayan. C) Chanda Kochar. D) Waheeda Rehman. Show Answer Correct Answer: C) Chanda Kochar. ← 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