This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 50 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 50 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is a RS.RS.Settlement" ? A) Settlement of payment instructions which bank has send. B) Settlement of refunds. C) Settlement of payment instructions received. D) None of the above. Show Answer Correct Answer: C) Settlement of payment instructions received. 2. How many banks were Nationalised in 1969 under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969? A) 14. B) 15. C) 13. D) 11. Show Answer Correct Answer: A) 14. 3. As per guidelines of Reserve Bank of India, a new private sector bank A) Shall be subject to prudential norms in regard to income recognition, asset classification and provisioning, capital adequacy, etc. B) Shall have to observe priority sector lending targets as applicable to other domestic banks. C) Will be required to open rural and semiurban branches. D) All of these. Show Answer Correct Answer: D) All of these. 4. In which of the following risks, ambiguity introduced by organization, finances its investments? A) Business risk. B) Financial risk. C) Liquidity risk. D) Country risk. Show Answer Correct Answer: B) Financial risk. 5. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as A) PPP. B) GDP. C) Inflation. D) GNI. Show Answer Correct Answer: B) GDP. 6. Interest spread is a commonly used term in banking. What does it describes? A) The sum total of discount and interest from loans. B) Aggregate deposits plus aggregate advances. C) Total interest earned over total interest expended. D) Total interest earned less the non-interest expenses. Show Answer Correct Answer: C) Total interest earned over total interest expended. 7. Which of the following taxes is not levied by the Government of India? A) Income Tax. B) Dividend Distribution Tax. C) Professional Tax. D) Excise Duty. Show Answer Correct Answer: C) Professional Tax. 8. What is Repo Rate? (IBPS 2011) A) It is a rate at which RBI sell government securities to banks. B) It is a rate at which RBI buys government securities from banks. C) It is a rate at which RBI allows small loans in the market. D) It is a rate which is offered by Banks to their most valued customers or prime customers. Show Answer Correct Answer: B) It is a rate at which RBI buys government securities from banks. 9. Which among the following terms is commonly not associated with Budgets in India? A) Outcome Budget. B) Gross Budgetary Support. C) Gender Budget. D) Austerity Budget. Show Answer Correct Answer: D) Austerity Budget. 10. The major shareholders in Asset Reconstruction Company of India Limited (ARCIL) other than SBI are? A) ICICI & HDFC. B) IDBI & Canara Bank. C) IDBI & ICICI. D) IDBI & HDFC. Show Answer Correct Answer: C) IDBI & ICICI. 11. Which was the first RRB in India to adopt CBS platform? A) Prathama Bank. B) Gaur Gramin Bank. C) Rushikulya Gramya Bank. D) Telangana Grameen Vikas Bank. Show Answer Correct Answer: C) Rushikulya Gramya Bank. 12. 'Global Market' means market of A) USA. B) China. C) OPEC members. D) All major countries and their alliances. Show Answer Correct Answer: D) All major countries and their alliances. 13. Which of the following committee has great role in forming a public grievance system for a customer suffering from grievances related to Housing Loans? A) Goiporia Committee. B) Rangarajan Committee. C) Mitra Committee. D) Jilani Committee. Show Answer Correct Answer: A) Goiporia Committee. 14. About the "Village Gram Bank Scheme"? A) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season. B) The gram banks are set up in food scare areas like drought prone areas. C) Village Panchayats who were running Village Grain Banks earlier are now not authorized to run. D) Both A and B. Show Answer Correct Answer: A) The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season. 15. The European Union has adopted which of the following as a common currency? [Indian Overseas Bank 2011] A) Euro. B) Yen. C) Dinar. D) Dollar. Show Answer Correct Answer: A) Euro. 16. Floating Exchange Rate is also referred to as..... A) Real Exchange Rate. B) Flexible Exchange Rate. C) Controlled Exchange Rate. D) Fixed Exchange Rate. Show Answer Correct Answer: B) Flexible Exchange Rate. 17. In which of the following years, Lead Bank scheme was finalised? A) 1981. B) 1960. C) 1993. D) 1969. Show Answer Correct Answer: D) 1969. 18. Opening of maximum of ATMs is an example of which of the following? A) Indirect marketing. B) Direct marketing. C) Social marketing. D) None of these. Show Answer Correct Answer: B) Direct marketing. 19. When the growth of GDP in a country slows down suddenly, people start losing their jobs and the situation continues for several weeks, what name is given to this state of economy (A big country was in this state recently)? A) Recession. B) Deflation. C) Economic boom. D) Inflation. Show Answer Correct Answer: A) Recession. 20. Which among the following is related to bank risks? A) Deposits. B) Bank funds. C) NPA. D) All of these. Show Answer Correct Answer: C) NPA. 21. Which one of the following banks creates credit? A) Reserve Bank of India. B) Commercial Bank. C) Industrial Banks. D) Land Mortgage Banks. Show Answer Correct Answer: B) Commercial Bank. 22. Demand pull inflation can be caused by money factors including..... A) A fall in the consumption expenditure. B) A sharp increase in the unemployment. C) A steep reduction in the direct taxation. D) An increase in the income tax. Show Answer Correct Answer: C) A steep reduction in the direct taxation. 23. In which year National Electronic Fund Transfer started in India? A) 2002. B) 2004. C) 2005. D) 2006. Show Answer Correct Answer: C) 2005. 24. When RBI acts as a baker to the government, what does it do? A) RBI keeps bank accounts of the government. B) RBI carries out government transactions. C) RBI advises the government on all financial and monetary matters. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. Which of the following is incorrect about the acceptance of deposits by the NBFCs? A) They are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months. B) They cannot accept deposits repayable on demand. C) They should have minimum investment grade credit rating. D) The repayment of deposits by NBFCs is guaranteed by RBI. Show Answer Correct Answer: D) The repayment of deposits by NBFCs is guaranteed by RBI. 26. Which of the following describes the term 'legal tender? A) Any object legally used as money in a country. B) Money which cannot legally be refused in discharge of a debt. C) Bank notes where they are in legal circulation. D) Notes or coins other than the counterfeited ones. Show Answer Correct Answer: B) Money which cannot legally be refused in discharge of a debt. 27. "CRAR" stands for? A) Capital to rest weighted assets ratio. B) Currency to risk weighted assets ratio. C) Capital to risk weighted accurate ratio. D) Capital to risk weighted assets ratio. Show Answer Correct Answer: D) Capital to risk weighted assets ratio. 28. Who can work as a Banking Correspondent? A) Individuals. B) NGOs. C) Micro-finance Institutions. D) All of the above. Show Answer Correct Answer: D) All of the above. 29. Which of the following term is related to Banking/Finance? A) Ativan. B) Encryption. C) Empire. D) Acne. Show Answer Correct Answer: B) Encryption. 30. The process by which a life insurance policyholder can transfer all rights, title and interest-under a policy contract to a third person is known as A) Hypothecation of the policy. B) Negotiation of the policy. C) Reinvestment of the policy. D) Assignment of the policy. Show Answer Correct Answer: D) Assignment of the policy. ← 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