This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 43 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 43 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Core Investment Company holds not less than 90 per cent of its net assets in the form of investment in which of the following? A) Equity shares. B) Preference shares. C) Bonds. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. Which among the following is also known as Pacific Rim trade IBSA? A) SAARC. B) IBSA. C) ASEAN. D) APEC. Show Answer Correct Answer: C) ASEAN. 3. The idea of Lokpal has emanated from the office of Ombudsman, which is prevalant in.....countries? A) Latin Amircian. B) South East Asian. C) Scandivanian. D) European. Show Answer Correct Answer: C) Scandivanian. 4. As part of the Financial Inclusion the following acts as an alternative to the Branch Banking. A) Online Banking. B) Issuing of ATM Cards. C) Kiosks. D) Mobile banking. Show Answer Correct Answer: D) Mobile banking. 5. Index "Residex" is associated with..... A) Share Prices. B) Mutual Fund Prices. C) Prices Inflation Index. D) Land Prices. Show Answer Correct Answer: D) Land Prices. 6. The returned non resident Indians are permitted to open the following accounts A) FCNR account. B) Non resident ordinary account. C) Non resident external account. D) RFC account. Show Answer Correct Answer: D) RFC account. 7. Who is the longest serving Governor of Reserve Bank of India? A) Sir C D Deshmukh. B) K G Ambegaonkar. C) H V R Iengar. D) Sir Benegal Rama Rau. Show Answer Correct Answer: D) Sir Benegal Rama Rau. 8. What is the full form of 'ULIP', the term which was in the news recently? [Syndicate 2010] A) Universal Life & Investment Plan. B) Unit Loan & Insurance Plan. C) Universal Loan & Investment Plan. D) Unit Linked Insurance Plan. Show Answer Correct Answer: D) Unit Linked Insurance Plan. 9. Which of the following are among the direct methods of exchange control in India? A) Intervention. B) Exchange Restrictions. C) Exchange Clearing Agreements. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. Which of the following is not a component of bank deposits? A) Current A/C deposits. B) Recurring deposits. C) Safe deposits. D) Fixed deposits. Show Answer Correct Answer: C) Safe deposits. 11. Organisation of workers in which of the following groups has proved a very effective way of providing micro finance by banks to the rural people and poor in India? A) Vriksha Mitras. B) Self Help Groups. C) Accredited Social Health Activist (ASHA). D) Shiksha Sevaks. Show Answer Correct Answer: B) Self Help Groups. 12. Which of the following schemes/products launched by the banks to provide instant loan facility to the farmers? A) Krishi Bima Yojana. B) Kisan Credit Card. C) Corporate Loan Scheme. D) Crop Loan Scheme. Show Answer Correct Answer: B) Kisan Credit Card. 13. 'Nomination' for a Deposit account in the bank means A) Mandate given by the close relative(s) of the depositor, to settle the death claim in case of death of the depositor. B) Mandate decided by the bank to settle the death claim of its depositor. C) Mandate of the depositor in favour of one or more persons, to claim the amount on death of the depositor. D) Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor. Show Answer Correct Answer: D) Mandate of the depositor in favour of a close relative who can claim the amount on death of the depositor. 14. Which of the following entities did not get the licence to run Payment Bank A) Videocon d2h. B) Sun Pharma. C) Fino PayTech Limited. D) Aditya Birla Nuvo Limited. Show Answer Correct Answer: A) Videocon d2h. 15. Increased interest rates, as is existing in the economy at present will.....[IBPS 2012] A) Lead to higher GDP growth. B) Mean lower cost of raw materials. C) Mean higher cost of raw materials. D) Lead to lower GDP growth. Show Answer Correct Answer: A) Lead to higher GDP growth. 16. For issuing notes, RBI has required to hold the minimum reserve of Rs. 200 crore of which not lesss than Rs......crore to be hold in gold. A) 125. B) 85. C) 115. D) 100. Show Answer Correct Answer: C) 115. 17. Which of the following account can be repatriable? A) NRE Account. B) NRO Account. C) FCNR(B) Account. D) Both (A) and C. Show Answer Correct Answer: D) Both (A) and C. 18. The Integrated Action plan recently approved by the Government of India is related with..... A) Naxalism. B) Terrorism. C) Natural disaster. D) Inflation. Show Answer Correct Answer: A) Naxalism. 19. WADA (World Anti Doping Agency) is related with..... A) Stock Exchange. B) Dope Testing. C) Government Securities. D) Insurance. Show Answer Correct Answer: B) Dope Testing. 20. FEMA head office is situated in which of the following city? A) Bangalore. B) Hyderabad. C) Lucknow. D) New Delhi. Show Answer Correct Answer: D) New Delhi. 21. Who is the current head of Combined Registry of Securitization Asset Reconstruction and Security Interest (CERSAI)? A) Praveen Kumar Sharma. B) Naveen Kumar Sharma. C) Laxmi Niwas Mittal. D) Nandan Nilekani. Show Answer Correct Answer: A) Praveen Kumar Sharma. 22. Which of the following agencies/organizations in India maintains the Micro Finance Development and equity fund? A) Confederation of Industries in India. B) Indian Bank's Association. C) Small industries Development Bank of India. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 23. Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as..... A) Monetary policy. B) Taxation Policy. C) Fiscal Policy. D) Credit Policy. Show Answer Correct Answer: C) Fiscal Policy. 24. The World Trade Organization (WTO) deals with the global rules of trade between nations. Who is the Director General of WTO? A) Raghuram Rajan. B) Christine Legarde. C) Oliver Ralph Kahn. D) Roberto Azevedo. Show Answer Correct Answer: D) Roberto Azevedo. 25. The term 'Currency of India' refers to A) One rupee notes and coins. B) Bank notes issued by Reserve Bank of India viz., Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100 and for other higher denominations. C) One rupee notes and coins and bank notes issued by Reserve Bank of India. D) One rupee notes only. Show Answer Correct Answer: A) One rupee notes and coins. 26. FD in a commercial bank can be done for a maximum period of A) No limit. B) 10 yrs. C) 25 yrs. D) 15 yrs. Show Answer Correct Answer: B) 10 yrs. 27. Truncation of cheques means A) Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle. B) Debiting of drawer's account through internet. C) Both of the above. D) None of these. Show Answer Correct Answer: A) Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle. 28. The full form of PIN in the parlance of an ATM card is [Corporation Bank 2011] A) Professional Identification Number. B) Permanent Identification Number. C) Permanent Information Number. D) Personal Identification Number. Show Answer Correct Answer: D) Personal Identification Number. 29. What do we call the money that is lent for one day in the call money market? A) Call Money. B) Notice Money. C) Term Money. D) Day Money. Show Answer Correct Answer: A) Call Money. 30. Which country Woori Bank belongs to? A) Indonesia. B) USA. C) South Korea. D) Canada. Show Answer Correct Answer: C) South Korea. ← 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