This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the relationship between a bank and customer when a locker is rented out by a bank to a person: A) Bailor and Bailee. B) Bailee and Bailor. C) Principal and Agent. D) Lessee and Lessor. Show Answer Correct Answer: D) Lessee and Lessor. 2. Which of these facilities is given by RBI to the banks for inter-bank transactions? A) RTGS. B) SWIFT. C) M-PESA. D) All of the above. Show Answer Correct Answer: A) RTGS. 3. Life insurance in its modern form came to India from England in the year A) 1905. B) 1818. C) 1896. D) 1907. Show Answer Correct Answer: B) 1818. 4. Under provisions of which one of the following Acts has the Reserve Bank of India has the power to regulate, supervise and control the banking sector? A) RBI Act. B) Banking Regulation Act. C) Negotiable Instruments Act. D) RBI and Banking Regulation Act. Show Answer Correct Answer: B) Banking Regulation Act. 5. The Reserve Bank of India (RBI) has recently issued guidelines for asset reconstruction companies (ARCs) to increase their investments in security receipts (SRs) with the objective of strengthening the asset recovery sector. What is the minimum prescribed percentage of funds that ARCs would now have to invest in SRs as directed in this RBI guideline? A) 10%. B) 7.50%. C) 0.18. D) 15%. Show Answer Correct Answer: D) 15%. 6. Which of the following organisations/agencies has established a fund known as Investor Protection Fund? [Indian Overseas Bank 2011] A) SIDBI. B) Bombay Stock Exchange. C) RBI. D) Ministry of Finance. Show Answer Correct Answer: C) RBI. 7. Who is Brand Endorsing Personality of Bank of Baroda? A) Juhi Chawla. B) Kiran Bedi. C) Amitabh Bachchan. D) None of these. Show Answer Correct Answer: D) None of these. 8. Banks and other financial institutions in India are required to maintain a certain amount of liquid assets like cash, precious metals and other short-term securities as a reserve all the time in banking world, this is known as A) SLR. B) CRR. C) PLR. D) Fixed asset. Show Answer Correct Answer: A) SLR. 9. SHG Bank Linkage Programme, initially launched by A) RRBs. B) NABARD. C) SBI. D) RBI. Show Answer Correct Answer: B) NABARD. 10. Which of the following is introduced by banks to increase financial inclusion? A) Internet banking. B) Business correspondent. C) Corporate banking. D) Stimulus package. Show Answer Correct Answer: B) Business correspondent. 11. RBI generally reviews the Monetary Policy after every A) 3 months. B) 10 months. C) 6 months. D) 9 months. Show Answer Correct Answer: A) 3 months. 12. Which of the following is the core investment company having total assets of not less than Rs. 100 crore? A) Systemically Important Core Investment Company. B) Infrastructure Debt Fund. C) Infrastructure Finance Company. D) NBFC-MFI. Show Answer Correct Answer: A) Systemically Important Core Investment Company. 13. Which of the following is NOT a function of a bank? [Syndicate 2010] A) Settlement of payments of behalf of the customers. B) Deciding policy rates like CRR, Repo Rate/SLR etc. C) Providing project finance. D) Selling Mutual Funds. Show Answer Correct Answer: B) Deciding policy rates like CRR, Repo Rate/SLR etc. 14. As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw uptoRS. 1, 000 using their debit cards from notified shops/stores all over the country. All such shops/stores will have 'POS' terminals for the same. What is full form of the 'POS'? [Allahabad Bank 2010] A) Payment on Sale. B) Point of Sale. C) Power of Sale. D) Payment Order Service. Show Answer Correct Answer: B) Point of Sale. 15. Once a Budget has been presented in the Parliament, the government has to get all money bills related to the union budget passed within..... A) 75 Days. B) 90 Days. C) 60 Days. D) 30 Days. Show Answer Correct Answer: A) 75 Days. 16. Acceptance of deposits by non-banking financial companies is regulated by RBI under: A) Non-banking financial companies acceptance of government deposits (Revenue Bank) directions, 1998. B) Non-banking financial companies acceptance of public deposits (Revenue Bank) directions 1998. C) Non-banking financial companies acceptance of deposits money lenders (Revenue Bank) directions, 1998. D) Non-banking financial companies acceptance of private deposits (Revenue Bank) directions, 1998. Show Answer Correct Answer: B) Non-banking financial companies acceptance of public deposits (Revenue Bank) directions 1998. 17. Which of the following is component of capital market? A) Equity market. B) Debt market. C) Derivative market. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. In which of the following, short-term financial instruments are bought and sold at prices below their redemption value on maturity? A) Primary capital markets. B) Secondary market. C) Gilt repo market. D) Discount market. Show Answer Correct Answer: D) Discount market. 19. What is the maximum deposit amount insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation)? A) Rupees Five Lakh. B) Rupees Two Lakh. C) Rupees Three Lakh. D) Rupees One Lakh. Show Answer Correct Answer: D) Rupees One Lakh. 20. What is NOT true with regard to Currency Chests in India? A) They are managed by different banks on behalf of RBI. B) Deposits in Currency Chests are taken into account for calculation of CRR (Cash Reserve Ratio). C) Standard Chartered Bank a Foreign Bank also maintains Currency Chest. D) None of the above. Show Answer Correct Answer: D) None of the above. 21. Which of the following is not a part of the scheduled banking structure in India? A) Regional Rural Bank. B) Private Sector Banks. C) Moneylenders. D) Public Sector Banks. Show Answer Correct Answer: C) Moneylenders. 22. Who among the following has created the Logo of Aadhar Card? A) AtUl sudhakarrao pandey. B) Nandan Nileknai. C) R Chandra Shekhar. D) None of the Above. Show Answer Correct Answer: A) AtUl sudhakarrao pandey. 23. Kisan Credit Card (KCC) scheme introduced in.....has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. A) 2001. B) 1998. C) 2000. D) 1991. Show Answer Correct Answer: B) 1998. 24. Which of the Followings are not the Negotiable Instruments as defined by the Statute (law)? A) Promissory Note. B) Cheques Answer. C) Banker's Note. D) Bill of Exchange. Show Answer Correct Answer: C) Banker's Note. 25. Which of the following are the ways to repay the personal loan? A) Equated Monthly Installments via Cheques. B) Electronic Clearing Services. C) Cash. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 26. Which of the following steps should be taken by investor who wishes to form a portfolio that lies to the right of the optimal risky portfolio on the Capital Allocation Line? A) Lend some of her money at the risk-free rate and invest the remainder in the optimal risky portfolio. B) Borrow some money at the risk-free rate and invest in the optimal risky portfolio. C) Such a portfolio cannot be formed. D) None of the above. Show Answer Correct Answer: B) Borrow some money at the risk-free rate and invest in the optimal risky portfolio. 27. Banking Ombudsman may award compensation to the complainant for mental agony and harassment upto how much amount? A) 5 lakh. B) 2 lakh. C) 1 lakh. D) 3 lakh. Show Answer Correct Answer: C) 1 lakh. 28. Enumerate the main functions of a banker as per banking regulations act. 1949? A) Accepting deposit of money. B) Advancing of loans. C) Issuance of letters of credits. D) Above all. Show Answer Correct Answer: D) Above all. 29. Which of the following clearly define Direct Housing Finance? A) It refers to the finance provided to individuals or groups of individual including co-operative societies. B) It is channeled by the way of terms of loans to housing finance institutions, housing boards etc. C) Bank finance extended to a person who is already owning a house in the town of village. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 30. Special drawing right is an international practice of drawing funds. Which of the following institutions control this special finding facility? A) Federal Reserve. B) European Common Market. C) Asian Development Bank. D) World Bank. Show Answer Correct Answer: D) World Bank. ← PreviousNext →Related QuizzesBanking QuizzesFinance QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 6Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books