This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 42 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 42 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following methods can be used to send money over UPI? A) Mobile number. B) VPA. C) Bank Account Number. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. What happens to corporate bond with a fixed interest rate, if interest rates in nation increase? A) Increase in value. B) Decrease in value. C) Be returned to corporation. D) Remain unchanged. Show Answer Correct Answer: B) Decrease in value. 3. Which of the following is not a function of the Reserve Bank of India? A) Fiscal policy functions. B) Exchange control functions. C) Insurance, exchange and destruction of currency notes. D) Monetary authority functions. Show Answer Correct Answer: A) Fiscal policy functions. 4. Insurance companies in India are regulated by A) RBI. B) IRDA. C) AMFI. D) SEBI. Show Answer Correct Answer: B) IRDA. 5. .....is raised in capital markets. A) Funds through long term securities. B) Short-term instruments. C) Long term loans through Govt. securities. D) Medium term loans. Show Answer Correct Answer: A) Funds through long term securities. 6. The financial results of banks and other organisations normally are expressed in quarters. What does $Q-1$ mean? A) The period when the profits are highest. B) Results of January-March. C) Performance during April-June. D) Profits during July-September. Show Answer Correct Answer: C) Performance during April-June. 7. World Economic Situation and Prospects Report is associated with: A) United Nations. B) WTO. C) World Bank. D) IMF. Show Answer Correct Answer: A) United Nations. 8. Which of the following is India's one of the major Microfinance Institution? A) Grameen. B) Bantra. C) Brae. D) Spandana. Show Answer Correct Answer: D) Spandana. 9. Which of the following is NOT associated with climate change and/or global warming? A) Copenhagen Conference. B) Bali Meet 2007. C) Basel norms. D) Kyoto Protocol. Show Answer Correct Answer: C) Basel norms. 10. Which among the following finance companies has received RBI approvals to set up a minimum of 9, 000 white label ATMs (WLAs) in the next three years in rural India? A) CMS Finvest Ltd. B) Reliance Capital Ltd. C) SREI Infrastructure Finance Ltd. D) Tokyo Finance Ltd. Show Answer Correct Answer: C) SREI Infrastructure Finance Ltd. 11. Which organisation developed BHIM Application? A) RBI. B) SEBI. C) SBI. D) NPCI. Show Answer Correct Answer: D) NPCI. 12. Moral Suasion is..... A) A term descriptive of corrupt practices of many banks. B) A term applied to banks that are conservative in their banking practices. C) Persuasion of banks to adhere to central bank desires. D) It denotes conduct or character that is bad and vice. Show Answer Correct Answer: C) Persuasion of banks to adhere to central bank desires. 13. A type of cheque which is more than six months old is a A) Stale cheque. B) Post-dated cheque. C) Mutilated cheque. D) Crossed cheque. Show Answer Correct Answer: A) Stale cheque. 14. Telebanking service is based on A) Online banking. B) Core banking. C) Virtual banking. D) Voice banking. Show Answer Correct Answer: D) Voice banking. 15. In India, forex rates are determined by A) Exporters. B) Demand and supply forces. C) Importers. D) None of these. Show Answer Correct Answer: B) Demand and supply forces. 16. When was the Government Securities Act passed? A) 2006. B) 2005. C) 1999. D) 2002. Show Answer Correct Answer: A) 2006. 17. Who signs the One Rupee notes in India? A) Prime Minister. B) Finance Secretary. C) President. D) RBI Governor. Show Answer Correct Answer: B) Finance Secretary. 18. In a Poverty Pyramid index, which of the following segments of population faces the highest poverty risk? [Corporation Bank 2011] A) Formal Wage Employment. B) Informal Self-Employment: Employers. C) Regular Informal Wage Employment. D) Casual Informal Wage Employment and Domestic Work. Show Answer Correct Answer: D) Casual Informal Wage Employment and Domestic Work. 19. The employees pension plan in which the employees contribute a portion of earning into the fund is classified as? A) Cash balance plans. B) Early retirement window. C) Deferred profit sharing plan. D) Savings and thrift plan. Show Answer Correct Answer: D) Savings and thrift plan. 20. Which of the followings clearly define the Leasing services? A) One party agrees to rent property owned by another party. B) It guarantees the lessee, also known as the tenant, use of an asset. C) It guarantees the lessor, regular payments from the lessee . D) All of the Above. Show Answer Correct Answer: D) All of the Above. 21. Which sector contributes most to the savings in India? A) Public sector. B) Administrative sector. C) Private corporate sector. D) Household sector. Show Answer Correct Answer: D) Household sector. 22. Which of the following is the Central Bank of USA? A) Bank of America. B) Federal Reserve. C) Federation of Banks, USA. D) Citigroup, USA. Show Answer Correct Answer: B) Federal Reserve. 23. If the government chooses to spend money freshly printed by the RBI against government securities, it should be kept in which among the following? A) Fiscal adjustment. B) Retrenchment. C) Mandatory Spending. D) Deficit Financing. Show Answer Correct Answer: D) Deficit Financing. 24. In January, 1998, the Reserve Bank of India introduced new regulatory framework for safeguarding the interest of depositors. The guidelines comprises A) NBFCs falling short of the stipulated minimum Net Owned Funds (NOF) were precluded from accepting public deposits. B) An NBFC not having minimum credit rating as prescribed by RBI is not eligible to accept fresh deposits. C) Ceiling on the quantum public deposits was related to the level of credit rating given by the approved credit rating agencies. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. When was Liberalised Remittance Scheme established? A) February 7th, 2002. B) February 1th, 2005. C) February 4th, 2004. D) February 8th, 2006. Show Answer Correct Answer: C) February 4th, 2004. 26. Financial Market broadly divided in to two. They are? A) Money and Capital market. B) Money and Black market. C) Price and Money market. D) Capital and Abroad market. Show Answer Correct Answer: A) Money and Capital market. 27. Many times we read in financial newspapers/magazines about Systematic Investment Plans (SIPs). SIPs are an investment option also operated in the mode of..... A) Mutual Funds. B) Small Savings Schemes in Post Offices. C) National Pension Fund. D) National Saving Certificates. Show Answer Correct Answer: A) Mutual Funds. 28. What do we call the banks that undertakes commercial banking, investment banking, mutual funds and merchant banking? A) Universal Banking. B) Mixed Banking. C) Retail Banking. D) Narrow Banking. Show Answer Correct Answer: A) Universal Banking. 29. What is the maximum amount of loan can be extended by payments banks? A) 100000. B) 25000. C) No lending power. D) 50000. Show Answer Correct Answer: C) No lending power. 30. Who is the chairperson of State Bank Of India? A) Arundhati Bhattacharya. B) Naina Lal Kidwai. C) Chanda Kochar. D) Shikha Sharma. Show Answer Correct Answer: A) Arundhati Bhattacharya. ← 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