This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 49 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 49 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not a part of the scheduled banking structure in India? [Indian Overseas Bank 2011] A) Public Sector Banks. B) Moneylenders. C) State Co-operative Banks. D) Private Sector Banks. Show Answer Correct Answer: B) Moneylenders. 2. The tagline of Indian Overseas Bank is A) Pure banking. B) Good people to grow with. C) Only Banking nothing else. D) Good people to banks with. Show Answer Correct Answer: D) Good people to banks with. 3. What are Teaser Loan rates charged by Banks? A) Rate of interest in the initial period is more and it goes down subsequently. B) Rate of interest in the intial period is less and goes up subsequently. C) Fixed Rate of interest charged by Banks. D) Floating rate of interest charged by Banks. Show Answer Correct Answer: B) Rate of interest in the intial period is less and goes up subsequently. 4. Which of the following is a statistic that measures how the returns of two risky assets move together? A) Correlation. B) Standard deviation. C) Variance. D) None of the above. Show Answer Correct Answer: A) Correlation. 5. How is pension calculated? A) 50% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt. B) 70% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring. C) 20% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt. D) None of the above. Show Answer Correct Answer: A) 50% of emoluments (last pay) or average emoluments, whichever is more beneficial to the retiring Govt. 6. A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and interbank ATM network alliances is known as A) A Direct Bank. B) Door Step Bank. C) Indirect Bank. D) Universal Banking. Show Answer Correct Answer: A) A Direct Bank. 7. Loans of small or very small amounts given to low-income-group people are known as [Allahabad Bank 2011] A) Investment Loans. B) Micro Credit. C) Secured loans. D) Saving loans. Show Answer Correct Answer: B) Micro Credit. 8. Intermediate goods are excluded from GDP because A) The premise of the question is incorrect because intermediate goods are directly included in calculating GDP. B) Their inclusion would understate GDP. C) Their inclusion would involve double counting. D) They represent goods that have never been purchased so they cannot be counted. Show Answer Correct Answer: C) Their inclusion would involve double counting. 9. Who is/are eligible to open an EEFC Account? A) Individuals. B) Companies. C) Residents of India. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 10. What is the time period for an intermediate term corporate loan? A) 2Year. B) 3 Year. C) 4 Year. D) 7 Year. Show Answer Correct Answer: B) 3 Year. 11. International Day of Rural Women is observed on? A) September 15. B) December 15. C) October 15. D) July 15. Show Answer Correct Answer: C) October 15. 12. Which of these is a quantitative instrument of Monetary Policy? A) Repo rate. B) CRR. C) SLR. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. RBI known as lender of last resort because: A) It has to meet the credit need of citizens to whom no one else is willing to lend. B) Banks lend to go to RBI as a last resort. C) It comes to help banks in times of crisis. D) None of these. Show Answer Correct Answer: C) It comes to help banks in times of crisis. 14. With reference to Banking, The 15th day of a month is known as..... A) Complaints Day. B) Holiday. C) Banking Day. D) Customer's Day. Show Answer Correct Answer: D) Customer's Day. 15. World Photography day is observed on: A) 20th August. B) 22nd August. C) 19th August. D) 17th August. Show Answer Correct Answer: C) 19th August. 16. In July 1969, how many Commercial Banks were nationalized? A) 16. B) 13. C) 14. D) 15. Show Answer Correct Answer: C) 14. 17. Slogan of Federal Bank is.....? A) For all your needs. B) One family one bank. C) Together we can. D) Your Perfect Banking Partner. Show Answer Correct Answer: D) Your Perfect Banking Partner. 18. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial assets freely and at market determined exchange rates? Policy of A) Capital Account Convertibility. B) Financial Deficit Management. C) Restrictive Trade practices. D) Minimum Support Price. Show Answer Correct Answer: A) Capital Account Convertibility. 19. Infrastructure Finance Company should contribute how much per cent to the equity of IDF-NBFCs? A) 40%. B) 45%. C) 49%. D) 51%. Show Answer Correct Answer: C) 49%. 20. 1 Money Supply as defined by the Reserve Bank of India, M includes..... A) Currency with the public. B) Currency, demand deposits with Banks and other deposits with RBI. C) Currency with the public and time deposits with Banks. D) Currency with the public and deposits with National Savings Organizations. Show Answer Correct Answer: B) Currency, demand deposits with Banks and other deposits with RBI. 21. What is the full form of CARE ratings and when it was established? A) Credit Analysis and Research Limited, 1993. B) Credit Analysis and Research Establishment, 1992. C) Credit Arrangement and Research Enterprises, 1996. D) None of the Above. Show Answer Correct Answer: A) Credit Analysis and Research Limited, 1993. 22. When was the process of introducing computerization in all branches of banks began in 1993? A) 1991. B) 1993. C) 1992. D) 1994. Show Answer Correct Answer: B) 1993. 23. The PCR will collect data from which of the following entities? A) SEBI. B) Goods and Services Network. C) Insolvency and Bankruptcy Board of India. D) All of the above. Show Answer Correct Answer: D) All of the above. 24. Which is the card that looks like any other plastic card or an ATM card with Integrated Circuit (IC chip)? A) Smart card. B) Member card. C) Credit card. D) Charge card. Show Answer Correct Answer: A) Smart card. 25. Central Co-operative Banks A) Occupy a crucial importance in the cooperative credit structure. B) Form an important link between the State co-operative bank at the apex and the primary agricultural credit societies at the base. C) Are closer to the primary societies than an Apex Bank could be one. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. Under which of the following methods of depreciation, amount of depreciation varies every year? A) Either A or B. B) Amount of depreciation does not vary on year to year basis. C) Straight Line Method. D) Written Down Value Method. Show Answer Correct Answer: D) Written Down Value Method. 27. Which public sector bank has the tagline "Your Tech-friendly bank"? A) Indian bank. B) Dena bank. C) United Bank. D) Bank of Baroda. Show Answer Correct Answer: A) Indian bank. 28. Which of the following indicates the wealth of a person? A) Bank balance. B) Capital. C) Net worth. D) Assets. Show Answer Correct Answer: C) Net worth. 29. What do we call the banking oriented towards mass welfare and financial inclusion of the poor? A) Mass Banking. B) Narrow banking. C) Social banking. D) None of the above. Show Answer Correct Answer: C) Social banking. 30. Which of the following are money markets instruments? A) A 14-day repurchase agreement of Treasury 8% 2007. B) A treasury bill with 7 days to maturity. C) A 3-month certificate of deposit. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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