This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 48 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 48 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What do we call the process of paying off an existing loan and establishing a new loan? A) Refinancing. B) Amortization. C) Reconveyance. D) Servicing. Show Answer Correct Answer: A) Refinancing. 2. Mobile banking is set to get a boost from IMPS, which stands for..... A) Intra-Bank Mobile Payment System. B) Inter-Bank Money Preventing System. C) Inter-Bank Mobile Payment Service. D) Inter-Bank Money Portability Service. Show Answer Correct Answer: C) Inter-Bank Mobile Payment Service. 3. Which of the following is related to ATMs? A) Branches of banks. B) Manned counters of banks. C) Unmanned cash dispensers. D) None of these. Show Answer Correct Answer: C) Unmanned cash dispensers. 4. Which of the following is NOT a foreign bank working in India? A) HSBC. B) Barclays. C) Standard Chartered. D) Yes Bank. Show Answer Correct Answer: D) Yes Bank. 5. Which of the following is the most active segment of the money market in India? A) Call Money/Notice Money Market. B) Repo/Reverse Repo. C) Commercial Paper (CP). D) Certificate of Deposit (CD). Show Answer Correct Answer: A) Call Money/Notice Money Market. 6. Which position does India hold in Foreign Exchange Reserve? A) 2nd. B) 7th. C) 9th. D) 3rd. Show Answer Correct Answer: D) 3rd. 7. Which one is not the Government Securities? A) T-Bill. B) Floating rate Bonds. C) Dated Securities. D) Call/Put Option Bonds. Show Answer Correct Answer: A) T-Bill. 8. RBI increased the validity period of the in-principle approval of setting up of new banks from one year to A) 18 months. B) 16 months. C) 14 months. D) 20 months. Show Answer Correct Answer: A) 18 months. 9. During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agricultural development? A) Eighth Five Year Plan. B) Fifth Five Year Plan. C) Third Five Year Plan. D) Sixth Five Year Plan. Show Answer Correct Answer: D) Sixth Five Year Plan. 10. What was the maximum limit of Statutory Liquidity Ratio had Narasimham Committee recommended? A) 20%. B) 15%. C) 18%. D) 25%. Show Answer Correct Answer: D) 25%. 11. Kisan Credit Card scheme was launched in the year..... A) 1996. B) 1998. C) 1992. D) 2000. Show Answer Correct Answer: B) 1998. 12. As decided by the Reserve Bank of India, all the villages with a population of 2000 will have access to financial services by the end of A) 2012-13. B) 2009-10. C) 2010-11. D) 2011-12. Show Answer Correct Answer: D) 2011-12. 13. Which of the following counts under SLR? A) Cash in Hand. B) Gold owned by the bank. C) Balance with RBI. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. An agreement, which in fact is a contract, between the RBI and banks for the sale and repurchase of government securities and short-term treasury bills at a future date and for which the RBI indicates 'the interest rate', is generally known as A) Reverse repo rate. B) Prime lending rate. C) Repo rate. D) Bank rate. Show Answer Correct Answer: A) Reverse repo rate. 15. The net wealth of the aggregate economy is equal to the sum of which of the following? A) All real assets. B) All financial assets. C) All physical assets. D) All real and financial assets. Show Answer Correct Answer: A) All real assets. 16. A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called A) Signature loans. B) Secured loans. C) Transfer loan. D) Priority sector loan. Show Answer Correct Answer: A) Signature loans. 17. Gross Domestic Product (GDP) is defined as the value of all A) Goods produced in an economy in a year. B) Goods and services in an economy in a year. C) Final goods produced in economy in a year. D) Final goods and services produced in an economy in a year. Show Answer Correct Answer: D) Final goods and services produced in an economy in a year. 18. The Base rate of each bank is to be reviewed after every..... A) Month. B) Week. C) Quarter. D) Year. Show Answer Correct Answer: C) Quarter. 19. The Head of the Reserve Bank of India is designated as the..... A) Chief Executive Officer. B) Managing Director. C) Chief Banking Officer. D) None of these. Show Answer Correct Answer: D) None of these. 20. On the balance sheet of a company, the value of the asset bought through hire purchase will appear as which of the following? A) Cost less depreciation to date less amount owing on hire purchase less interest owing. B) Cost less depreciation to date. C) Cost less depreciation to date less amount owing on hire purchase. D) Cost less amounts owing on hire purchase. Show Answer Correct Answer: B) Cost less depreciation to date. 21. Crossing of cheques makes them A) Invalid document. B) Ineligible to endorse to person other than the payee. C) Remain the same in all respect, it is only a practice. D) Eligible for payment irrespective of sufficient balance in the account. Show Answer Correct Answer: B) Ineligible to endorse to person other than the payee. 22. .....was appointed by PM in July 2012 to look into taxation of IT sector. A) Damodran Committee. B) Bimal Jalan Committee. C) C N R Rao Committee. D) Rangachary committee. Show Answer Correct Answer: C) C N R Rao Committee. 23. What is total Forex reserve of India at present time? A) US$ 406.1434 billion. B) US$ 123.4532 billion. C) US$ 407.1434 billion. D) US$ 405.1434 billion. Show Answer Correct Answer: D) US$ 405.1434 billion. 24. What should be the paid up capital of the bank to be a Scheduled Commercial Bank as per the RBI Act 1934? A) Rs 5 crore. B) Rs 5 lakhs. C) Rs 10 lakhs. D) Rs 1 crore. Show Answer Correct Answer: B) Rs 5 lakhs. 25. Many a times we read in newspapers a term CBS. What does B denotes in the term 'CBS'? A) Bond. B) Banking. C) Base. D) Business. Show Answer Correct Answer: B) Banking. 26. Recently, an Expert Panel on Monetary Framework set up by the RBI recommended to strengthen and revise the current monetary policy framework. The Expert Panel was headed by? A) Urjit Patel. B) Peter J. Montiel. C) Rupa Nitsure. D) Raghuram G Rajan. Show Answer Correct Answer: A) Urjit Patel. 27. When was the Public Debt Act passed? A) 1947. B) 1944. C) 1935. D) 1942. Show Answer Correct Answer: B) 1944. 28. According to Banking Regulation Act, RBI can fix SLR upto the ceiling of..... A) 50%. B) 60%. C) 40%. D) 75%. Show Answer Correct Answer: C) 40%. 29. Often, we read in the newspapers that several Indian companies are taking the FCCB route to raise capital. What does the term FCCB stand for? A) Foreign Currency Convertible Bond. B) Foreign Convertible Credit Bond. C) Financial Consortium and Credit Bureau. D) Future Credit and Currency Bureau. Show Answer Correct Answer: A) Foreign Currency Convertible Bond. 30. One can file the appeal against the decision of the Banking Ombudsman rejecting the complaint within how many days of the date of receipt of the Award? A) 30 days. B) 18 days. C) 15 days. D) 25 days. Show Answer Correct Answer: A) 30 days. ← 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