This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 44 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 44 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which year India become a member of Financial Action Task Force? A) 1978. B) 1994. C) 2000. D) 2010. Show Answer Correct Answer: D) 2010. 2. Which of the followings is the major stakeholder in CRISIL? A) Standard and Pours'. B) Fitch Ratings Inc. C) Moody's. D) Dun and Bradstreet. Show Answer Correct Answer: A) Standard and Pours'. 3. Which type of deposits gives highest rate of interest? A) Current deposit. B) Fixed deposit. C) Recurring deposit. D) None of the above. Show Answer Correct Answer: B) Fixed deposit. 4. In order to streamline the functioning of MFI sector the RBI has appointed a committee. The committee was headed by..... A) Dr. D. Subbarao. B) Dr. Y.V. Reddy. C) Sri Y.H. Malegam. D) Shri M.V. Nair. Show Answer Correct Answer: C) Sri Y.H. Malegam. 5. Expand the term ALM as used in Banking/Finance sector? A) Asset Liability Management. B) Asset Liability Mismatch. C) Asset Liability Maturity. D) Asset Liability Manpower. Show Answer Correct Answer: A) Asset Liability Management. 6. In India, the Real Time Gross Settlement has been implemented by..... A) SEBI. B) RBI. C) IRDA. D) Ministry of Finance. Show Answer Correct Answer: B) RBI. 7. The risks involved in paying a post-dated cheque are? A) The drawer may issue other cheques which bear a date prior to the date of such a cheque and if the balance is insufficient, the bank may be held liable. B) An Attachment Order may be received attaching the balance in the account. C) The drawer may stop payment. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. The process of credit creation has the effect of..... A) Decreasing the national debt. B) Increasing the supply of money. C) Raising the real wealth of a country. D) Raising the real national income. Show Answer Correct Answer: B) Increasing the supply of money. 9. What does e-KYC stand for? A) Electric Know Your Customer. B) Electronic verifiable Know Your Customer. C) Email Know Your Customer. D) Electronic Know Your Customer. Show Answer Correct Answer: D) Electronic Know Your Customer. 10. Presently, the number of the public sector banks in India is A) 20. B) 28. C) 8. D) 14. Show Answer Correct Answer: B) 28. 11. Under NBFC-Peer to Peer Lending Platform Directions, 2017 by RBI, what is the aggregate exposure limit of a single lender to all borrowers at any point of time, across all P2Ps? A) Rs 15 lakh. B) Rs 10 lakh. C) Rs 5 lakh. D) Rs 50 lakh. Show Answer Correct Answer: B) Rs 10 lakh. 12. What is the maximum amount for which a note can be printed by the RBI? A) 5000. B) 50000. C) 2000. D) 10000. Show Answer Correct Answer: D) 10000. 13. The monetary authority in India, viz Reserve Bank of India, is bound to maintain a reserve against the notes issued, whatever may be the amount. This system is called as A) Proportional Reserve System. B) Simple Deposit System. C) Maximum Fiduciary Issue System. D) Minimum Reserve System. Show Answer Correct Answer: A) Proportional Reserve System. 14. Which of the following is/are the rights of customer towards his banker? A) To receive a statement of his account from a banker. B) To sue the bank for any lose and damages. C) To sue the banker for not maintaining the secrecy of his account. D) All of these. Show Answer Correct Answer: D) All of these. 15. Which of the following countries has the largest Mutual Fund market in the World? A) USA. B) Japan. C) China. D) Brazil. Show Answer Correct Answer: A) USA. 16. The merger of which of the following was the first M and A activity after liberalization? A) GTB and Oriental Bank of Commerce. B) Times Bank and HDFC Bank. C) New Bank of India and Punjab National Bank. D) ICICI and ICICI Bank. Show Answer Correct Answer: D) ICICI and ICICI Bank. 17. Which of the following is not true about Unified Payments Interface (UPI)? A) UPI is an instant payment system developed by the National Payments Corporation of India (NPCI). B) Through UPI, all payments are instant and takes place in banking hours. C) Under UPI person will have a single identity and password for using multiple bank accounts. D) UPI is based on the Immediate Payment Services (IMPS) infrastructure. Show Answer Correct Answer: B) Through UPI, all payments are instant and takes place in banking hours. 18. India Infrastructure Finance Company Ltd was set up in which of the following years? A) 2006. B) 2005. C) 2004. D) 2002. Show Answer Correct Answer: A) 2006. 19. The public sector banks are banks where a majority state is held by the Government. Which of the following banks is the second largest public sector bank among the 236 PSBs in India in terms of profit? A) Punjab National bank. B) Bank of baroda. C) Central Bank of India. D) Bank of India. Show Answer Correct Answer: B) Bank of baroda. 20. Which of the following is not necessarily involved in an IPO process? A) Underwriter. B) Investment bank. C) Register of companies. D) Registar of Issues. Show Answer Correct Answer: C) Register of companies. 21. Which of the following is a payment and settlement system used by the banks in India? A) Forward rate agreements. B) Real time gross settlement. C) Liquidity adjustment facility. D) Central depository service. Show Answer Correct Answer: B) Real time gross settlement. 22. Which of the following targets at individuals and small businesses who lack access to conventional banking and related services? A) NBFC Micro Finance Institution. B) Investment Company. C) Infrastructure Finance Company. D) Asset Finance Company. Show Answer Correct Answer: A) NBFC Micro Finance Institution. 23. Which of the following is shown on Liabilities side of a bank's balance sheet? A) Bills discounted. B) Reserve fund. C) Loans & advances. D) Bills for collection. Show Answer Correct Answer: B) Reserve fund. 24. In which year did the Vaghul committee submitted its report? A) 1990. B) 1991. C) 1987. D) 1992. Show Answer Correct Answer: C) 1987. 25. Nationalisation of banks aimed at all of the following, except A) Provision of adequate credit for agriculture, SME and exports. B) Removal of control by a few capitalists. C) Provision of credit to big industries only. D) Access of banking to masses. Show Answer Correct Answer: C) Provision of credit to big industries only. 26. Credit Card is an essential component of which of the following? A) Electronic Commerce. B) Internet Commerce. C) Both A and B. D) None of The Above. Show Answer Correct Answer: C) Both A and B. 27. According to the latest available data what was India's economic growth in 2013-14? A) 4.70%. B) 0.057. C) 5.50%. D) 4.50%. Show Answer Correct Answer: A) 4.70%. 28. Which of the following is not the name of a bank functioning in India? A) Dena Bank. B) UCO Bank. C) Aegon Religare. D) Central Bank of India. Show Answer Correct Answer: C) Aegon Religare. 29. Which bank is a specialized financial institution for financing, facilitating and promoting foreign trade of India? A) NABARD. B) IDBI. C) EXIM Bank. D) ICICI. Show Answer Correct Answer: C) EXIM Bank. 30. Which of the following is not true about Mobile Money Identifier (MMID)? A) Mobile Money Identifier (MMID) is a seven-digit number, issued by banks for effecting financial. B) The user's mobile number MMID are uniquely linked with his bank account number, and is one of the. C) Both the remitter and the beneficiary are required to have their MMIDs to effect a fund transfer through. D) A unique MMID and mobile number combination helps in identifying the beneficiary's details. A single. Show Answer Correct Answer: D) A unique MMID and mobile number combination helps in identifying the beneficiary's details. A single. ← 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