This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 46 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 46 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Govt of India and RBI are making all the efforts to provide banking facilities to all the villages/habitations in the county. This is the part of their policy of A) Pradhan Mantri Adarsh Gram Yojana. B) PURA. C) Swawalamban. D) Financial Inclusion. Show Answer Correct Answer: D) Financial Inclusion. 2. .....is an agreement where by an issuing Bank at the request of the importer (Buyer) undertakes to make payment to the exportor (Beneficiary) against stipulated documents. A) Bills of exchange. B) Letter of credit. C) Letter of exchange. D) Bill of entry. Show Answer Correct Answer: B) Letter of credit. 3. Which of the following organisations/agencies is actively involved in drafting the Union Budget of India? A) The Planning Commission. B) The Comptroller and Auditor General. C) Administrative staff of the Lok Sabha. D) Ministry of Finance. Show Answer Correct Answer: C) Administrative staff of the Lok Sabha. 4. Which of the following statements is true regarding Ombudsman Scheme for NBFC? A) Section 45L of the RBI Act, 1934 confers powers on RBI to notify such scheme. B) NBFCs having customer interface, with assets size of one billion rupees or above are eligible to be. C) The scheme is initially being introduced at the four metro centers. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Which of the following is called the Bankers' Bank in India? A) Reserve Bank of India. B) State Bank of India. C) NABARD. D) Central Bank of India. Show Answer Correct Answer: A) Reserve Bank of India. 6. Which of the following Rates/Ratio is not covered under the Monetary and Credit policy of the RBI? A) Cash Reserve Ratio. B) Exchange Rate of Foreign Currencies. C) Repo Rate. D) Bank Rate. Show Answer Correct Answer: B) Exchange Rate of Foreign Currencies. 7. What percent of annual interest should be paid by issuer firm to investor in case of delay in listing? A) 5%. B) 20%. C) 10%. D) 1%. Show Answer Correct Answer: D) 1%. 8. Which bank has launched the country's first contact less debit and credit cards on 7 January 2015? A) HDFC. B) ICICI. C) SBI. D) Yes Bank. Show Answer Correct Answer: B) ICICI. 9. In the Union Budget 2014-15, the govt. announced setting up of a commission to bring in reforms related to spending for achieving maximum output. What is the name given to this commission? A) Expensable Management Committee. B) Expenditure Maximum Commision. C) Expedia Management Commission. D) Expenditure Management Commission. Show Answer Correct Answer: D) Expenditure Management Commission. 10. What minimum pension will be given to every labourer as announced in the Union Budget 2019-20? A) Rs 500 per month. B) Rs 1, 000 per month. C) Rs 5, 000 per year. D) Rs 1, 000 per year. Show Answer Correct Answer: B) Rs 1, 000 per month. 11. The union government has announced a nationwide scheme .Rashtriya Gokul Mission. which aims to A) Protect the indigenous breed of cows. B) Curb slaughtering of cattle. C) Increase milk production. D) Eliminate diseases of cattle. Show Answer Correct Answer: A) Protect the indigenous breed of cows. 12. Which of the following types of accounts are known as "Demat Accounts"? A) Accounts in which shares of various companies are traded in electronic form. B) Accounts which are operated through internet banking facility. C) Zero Balance Accounts. D) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there. Show Answer Correct Answer: A) Accounts in which shares of various companies are traded in electronic form. 13. The idea of providing factoring services was first thought of in India by which of the followings? A) Tandem Committee. B) Patel Committee. C) Malhotra committee. D) Vaghul committee. Show Answer Correct Answer: D) Vaghul committee. 14. Which of the following term is not used in Banking/Finance? A) Revenue. B) Epicenter. C) Consolidated Fund. D) Commercial Papers. Show Answer Correct Answer: B) Epicenter. 15. Which of the following is not a party of Bill of Exchange? A) The payee. B) The drawer. C) The drawee. D) The endorser. Show Answer Correct Answer: D) The endorser. 16. When does the asset legally belong to the purchaser under a hire purchase agreement? A) Final installment is paid. B) Final installment is paid and purchaser agrees to a legal option to buy the asset. C) On date of first installment in repayment. D) Purchaser agrees to legal option to buy the asset. Show Answer Correct Answer: B) Final installment is paid and purchaser agrees to a legal option to buy the asset. 17. Finance Commisson is included in of Indian Constitution. A) Article 360. B) Article 280. C) Article 390. D) Article 340. Show Answer Correct Answer: B) Article 280. 18. Formal merchant banking activity in India was originated in which of the following years? A) 1987. B) 1969. C) 1978. D) 1769. Show Answer Correct Answer: B) 1969. 19. A Direct lease, a sale and leaseback, and a Leveraged lease are all examples of which of the followings? A) Operating Leases. B) Full-service Leases. C) Off-Balance Sheet" methods of financing. D) Financial Leases. Show Answer Correct Answer: D) Financial Leases. 20. Which public sector bank had the account of the famous Jalianwala Bagh Committee? A) Punjab National Bank. B) Bank of India. C) Central Bank of India. D) State bank of India. Show Answer Correct Answer: A) Punjab National Bank. 21. The approach of 'Micro-Credit' or 'Banking with the poor' is comparatively a new concept in the field of rural credit. This approach has been tried very successfully in which of the following countries? A) Bangladesh. B) China. C) India. D) Japan. Show Answer Correct Answer: A) Bangladesh. 22. Who amongst the following was the Head of the committee which gave its recom-mendations on the modalities for Capital Account Convertibility? A) KJ Udeshi. B) SS Tarapore. C) Dr Rakesh Mohan. D) Dr C Rangarajan. Show Answer Correct Answer: B) SS Tarapore. 23. Aadhar card has been issued by which of the following authority? A) National Payment Corporation Of India. B) Unique Identification Authority Of India. C) Insurance Regulatory and Development Authority. D) Small Development Bank Of India. Show Answer Correct Answer: B) Unique Identification Authority Of India. 24. In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee? A) Female only. B) Known person only. C) Close blood relation only. D) Any person. Show Answer Correct Answer: C) Close blood relation only. 25. The minimum limit with RTGS is..... A) 2 lakh. B) 3 lakh. C) 6 lakh. D) 4 lakh. Show Answer Correct Answer: A) 2 lakh. 26. Which department of the RBI offers the facility of opening deposit accounts to other banks? A) DBR. B) DAD. C) DBS. D) None of the above. Show Answer Correct Answer: B) DAD. 27. Name the bank that purchased the HSBC bank's Swiss private banking assets? A) Six SIS AG. B) WIR Bank. C) LGT Bank. D) Zurich Cantonal Bank. Show Answer Correct Answer: C) LGT Bank. 28. What do you understand by the term 'Mortgage'? A) Registration of charge with the Regional Transport Authority. B) Sale of moveable security in the event of default by the borrower. C) Making the security of immovable property available as a cover for a home loan by the borrower. D) Registration of charge with the Registrar of Companies. Show Answer Correct Answer: C) Making the security of immovable property available as a cover for a home loan by the borrower. 29. Which of the following is not correctly matched? A) Chitra Ramkrishna-National Stock Exchange. B) Chanda Kochar-ICICI Bank. C) Naina Lal Kidwai-HSBC. D) Shikha Sharma-SBI. Show Answer Correct Answer: D) Shikha Sharma-SBI. 30. Which of the following city is the headquarter of ONICRA? A) Noida. B) Faridabad. C) Mumbai. D) Gurugram. Show Answer Correct Answer: D) Gurugram. ← 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