This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 45 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 45 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following acts provide the legal provisions for the maintenance of Foreign Reserve in India? A) RBI Act 1934. B) Banking Regulation Act 1949. C) FEMA 1999. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 2. Which of the following defines 'At sight' under section 21 of the Negotiable Instrument Act, 1881? A) On presentation. B) On demand. C) On coming into vision. D) None of the above. Show Answer Correct Answer: A) On presentation. 3. Kisan Credit Card Scheme (KCC) was introduced in 1998-99 to improve the credit delivery to farmers. Which one of the following does not operate this scheme? A) Regional Rural Banks. B) NABARD. C) Co-operative Banks. D) Schedules Commercial Banks. Show Answer Correct Answer: B) NABARD. 4. Which of the following acts is specially launched to facilitate banks in recovery of bad loans? A) SARF AESI Act. B) Banking Regulation Act. C) Companies Act. D) RBI Act. Show Answer Correct Answer: A) SARF AESI Act. 5. RBI has reduce by one percentage point the Statutory Liquidity Ratio required to be maintained by banks to 23% . In what form is this stipulation reacquired to be fulfilled? A) Banks are required to keep the amount in approved government securities of the appropriate value. B) The amount to be maintained in cash and securities with RBI. C) The required amount is to be maintained in gold with RBI. D) All of the above. Show Answer Correct Answer: A) Banks are required to keep the amount in approved government securities of the appropriate value. 6. In India nationalization of banks took place in how many phases? A) 2. B) 4. C) 1. D) 3. Show Answer Correct Answer: A) 2. 7. RBI on October, 7th 2013, has reduced Marginal Standing Facility (MSF) rate from 9.5% to 9% to improve liquidity in the system. What is MSF? A) MSF rate is the rate at which banks lodge funds overnight with RBI buying approved government securities. B) MSF rate is the minimum rate at which banks lend to the borrowers. C) MSF rate is the rate at which banks borrow funds overnight from other banks against approved government securities. D) MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities. Show Answer Correct Answer: D) MSF rate is the rate at which banks borrow funds overnight from RBI against approved government securities. 8. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news? A) Liabilities. B) Least. C) Liquidity. D) Long. Show Answer Correct Answer: C) Liquidity. 9. In economics it is generally believed that the main objective of a Public sector financial company like Bank is to..... A) Employ more and more people. B) Maximize total profits. C) Maximize total production. D) Provide financial service to the people of the nation of its origin across the country. Show Answer Correct Answer: D) Provide financial service to the people of the nation of its origin across the country. 10. "The termination of an insurance policy due to non-payment of premium" is technically called as? A) Death. B) Forfeiture. C) Seize. D) Lapse. Show Answer Correct Answer: D) Lapse. 11. Which of the following is NOT associated with climate change and/or global warming? [Allahabad Bank 2010] A) Basel norms. B) Kyoto Protocol. C) Bali Meet 2007. D) Copenhagen Conference. Show Answer Correct Answer: A) Basel norms. 12. Which of the following is not a tax/duty levied by the Government of India? A) Toll Tax. B) Education Cess. C) Service Tax. D) Income Tax. Show Answer Correct Answer: A) Toll Tax. 13. The ability of commercial banks to increase their deposits by expanding their loans and advances is known as A) Credit creation. B) Credit expansion. C) Capital expansion. D) Credit control. Show Answer Correct Answer: A) Credit creation. 14. RBI has released its guidelines for entry of new banks in the private sectorin the month of February 201 3. One of the norms is at least a prescribed percentage of branches of new bank should be set in unbanked rural centres with a population of upto 9, 999 people. What is the percentage of such branches prescribed in the norms? A) 18%. B) 15%. C) 10%. D) 0.25. Show Answer Correct Answer: D) 0.25. 15. Which one of the following is a Self-Employment Programme for Educated Unemployed Youth? [Corporation Bank 2011] A) Swarn Jayanti Sahakari Rozgar Yojana. B) National Social Assistance Programme. C) Swarn Jayanti Gram Swarozgar Yojana. D) Prime Minister's Rozgar Yojana. Show Answer Correct Answer: D) Prime Minister's Rozgar Yojana. 16. An anna was equal to A) 100 paise. B) 4 paise. C) 16 paise. D) 50 paise. Show Answer Correct Answer: B) 4 paise. 17. Which of the following clearly define the Line of Credit loans? A) It is start-up loans allowing businesses to open. B) It allows businesses to borrow money from a lender at any given time, up to a certain amount of. C) It is the simplest type of corporate loans. D) It is made so businesses can buy property. Show Answer Correct Answer: B) It allows businesses to borrow money from a lender at any given time, up to a certain amount of. 18. What are major functions undertaken by merchant bankers? A) Issue management. B) Capital structuring/restructuring. C) Market maker in capital market. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. In respect of which one of the following areas, Y. H. Malegam Committee has submitted its recommendations? A) Rural development. B) Advances to agriculture. C) Teaser loans. D) Interest on Micro Finance loans. Show Answer Correct Answer: D) Interest on Micro Finance loans. 20. Which one is not the most common objective of Banking regulations? A) Systematic Risk Reduction. B) Credit Allocation. C) Prudential Objectives. D) Market Discipline. Show Answer Correct Answer: D) Market Discipline. 21. Which of the following Co-operative Banks is considered as the first Co-operative Bank in India? A) Amanath Co-operative Bank Ltd. B) Ahmedabad Mercanile Co-operative Bank Ltd. C) Abhyudaya Co-operative Bank Ltd. D) Anyonya Co-operative Bank. Show Answer Correct Answer: D) Anyonya Co-operative Bank. 22. The Reserve Bank of India (RBI) announced recently that its board has given approval to create an additional post in the rank of Deputy Governor. For this RBI has approached the government for required legislative changes. Which post is this? A) Chief Visionary Officer (CVO). B) Chief Business Development Officer (CBDO). C) Chief Knowledge Officer (CKO. D) Chief Operating Officer (COO). Show Answer Correct Answer: D) Chief Operating Officer (COO). 23. During which years, Dr. Manmohan Singh served as Governor of RBI? A) 1886-89. B) 1982-85. C) 1982-83. D) 1980-83. Show Answer Correct Answer: B) 1982-85. 24. NAMA word is related to which organisation? A) International Monetary Fund. B) World Trade Organisation. C) World Bank. D) UNCTAD. Show Answer Correct Answer: B) World Trade Organisation. 25. Body which regulates microfinance is A) RBI. B) Indian Banks Association. C) NABARD. D) SIDBI. Show Answer Correct Answer: C) NABARD. 26. Which of the following sets of sources of revenue belongs to the Union Government alone? A) Gift Tax, Holding Tax. B) Sales Tax, Income Tax. C) Customs Duties, Corporation Tax. D) Wealth Tax, Land Revenue. Show Answer Correct Answer: C) Customs Duties, Corporation Tax. 27. In Regional Rural Banks, What is the contribution of the Sponsor Banks? A) 25%. B) 35%. C) 15%. D) 50%. Show Answer Correct Answer: B) 35%. 28. Who decides on the value and volume of bank notes to be printed and on what basis? (SBI 2011) A) Finance Ministry. B) Planning Commission. C) RBI. D) Stock exchange. Show Answer Correct Answer: C) RBI. 29. The public debt office function under the control of..... A) Reserve Bank of India. B) SEBI. C) IRDA. D) Ministry of Finance. Show Answer Correct Answer: A) Reserve Bank of India. 30. 'Beti Bachao, Beti Padhao Yojana' a Scheme for women safety recently passed in Union Budget 2014-1 5. How much money has been allotted for this scheme? A) Rs. 150 Crore. B) Rs. 500 Crore. C) Rs. 100 Crore. D) Rs. 50 Crore. Show Answer Correct Answer: C) Rs. 100 Crore. ← 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