This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 52 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 52 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. An Indian citizen can open a Savings Account in which of the following? A) SIDBI. B) NABARD. C) RBI. D) A Private Sector Bank. Show Answer Correct Answer: D) A Private Sector Bank. 2. When was National Investment and Infrastructure Fund created? A) 2014. B) 2012. C) 2011. D) 2015. Show Answer Correct Answer: D) 2015. 3. Which of the following is/was NOT included in the agenda set for the Banking Reforms in India? [Andhra Bank 2011] A) Dismantling of administered interest rates. B) Measures to strengthen risk management. C) Promulgation of SARFAESI Act. D) Promotion of the concept of easy credit to all with a guaranteed subsidy from the Govt. Show Answer Correct Answer: D) Promotion of the concept of easy credit to all with a guaranteed subsidy from the Govt. 4. Under the Negotiable Instrument Act, 1881, an instrument which is incomplete in some respects, is called a/an A) Foreign instrument. B) Inland instrument. C) Inchoate instrument. D) Ambiguous instrument. Show Answer Correct Answer: C) Inchoate instrument. 5. What is the status of Interest rate on Personal Loans as compared to the Home and Car Loans? A) Higher than Home and Car Loans. B) Lower than Home and Car Loans. C) Equal to Home and Car Loans. D) Can not be compared. Show Answer Correct Answer: A) Higher than Home and Car Loans. 6. When was SBI established? A) 1st April, 1935. B) 5th May, 1955. C) 31st July, 1969. D) 1st July, 1955. Show Answer Correct Answer: D) 1st July, 1955. 7. The Securitization And Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) meant for recovery of loans which have become NPAis not applicable to: A) Financial Institutes of the Govt. B) Private Banks. C) Non-Banking Financial Companies. D) Public Sector banks. Show Answer Correct Answer: C) Non-Banking Financial Companies. 8. The appointments of Banking Ombudsman will be carried out by which of the following? A) RBI. B) Finance Ministry. C) SEBI. D) Govt. of India. Show Answer Correct Answer: A) RBI. 9. The GDP is the value of all final goods and services produced A) Within the nations boundaries. B) By domestically owned companies. C) By citizens of the country. D) By domestically controlled companies. Show Answer Correct Answer: A) Within the nations boundaries. 10. What does BHIM stand for? A) Bharat Interface for Money. B) Bank Hotline Instant Money. C) Bharat Instant Money Transfer. D) Banking Hit Instant Money. Show Answer Correct Answer: A) Bharat Interface for Money. 11. Which of the following organization finance the Rural Infrastructure Development Fund? A) NABARD. B) SEBI. C) SIDBI. D) RBI. Show Answer Correct Answer: A) NABARD. 12. Which of the following is not included in Indian Economy? A) $M_1$. B) $M_2$. C) $M_3$. D) Both $M_1$ and $M_3$. Show Answer Correct Answer: B) $M_2$. 13. Which of the following is the popular name of the norms by which a bank satisfies itself about the customer's identity and activities? A) Service norms. B) Basel norms. C) Lending norms. D) KYC norms. Show Answer Correct Answer: D) KYC norms. 14. Which of the following include the primary structure of the Mutual Funds? A) Open-end funds. B) Unit Investment Trusts. C) Exchange traded Funds. D) All of the Above. Show Answer Correct Answer: D) All of the Above. 15. Which was the first Indian bank to provide Internet Banking Facility in India? A) SBI. B) HDFC. C) ICICI. D) Axis. Show Answer Correct Answer: C) ICICI. 16. Credit Cards are a convenient substitute for which of the following? A) Cash. B) Cheque. C) Both A and B. D) None of The Above. Show Answer Correct Answer: C) Both A and B. 17. Which of the following policies is known as Annual Policy Statement? A) Annual budget of Central Govt. B) Credit and monetary policy of RBI. C) Foreign trade policy of DGFT. D) Regulations issued by SEBI. Show Answer Correct Answer: B) Credit and monetary policy of RBI. 18. All of the following are useful options for the government to pursue to bolster foreign exchange reserves, except to A) Impose export controls. B) Permit a free floating exchange rate. C) Adjust the exchange rate. D) Impose exchange controls. Show Answer Correct Answer: B) Permit a free floating exchange rate. 19. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/markets? A) Money Market. B) Capital Market. C) Banking industry. D) Commodities market. Show Answer Correct Answer: C) Banking industry. 20. Financial Inclusion means provision of which of the following? A) House at affordable cost. B) Financial services like payments, remittances, savings, loans, etc at affordable cost. C) Education at affordable cost. D) Ration at affordable cost. Show Answer Correct Answer: B) Financial services like payments, remittances, savings, loans, etc at affordable cost. 21. Which of the following is not the type of credit reporting institutions? A) Credit Bureau. B) Credit Agencies. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 22. Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up this 'Base rate' for banks? A) Ministry of Finance. B) RBI. C) Individual Banks' Board. D) Ministry of Commerce. Show Answer Correct Answer: C) Individual Banks' Board. 23. The head office of the Unique Identification Authority of India is located in A) Chennai. B) New Delhi. C) Bangalore. D) Mumbai. Show Answer Correct Answer: B) New Delhi. 24. What do you understand by 'Para Banking' services? [Allahabad Bank 2011] A) Eligible financial services rendered by banks. B) Services provided through business correspondents. C) Utility services provided by banks. D) Services provided to armed force personnel. Show Answer Correct Answer: A) Eligible financial services rendered by banks. 25. Indian Parliament recently has passed the bill to empower SEBI to act against ponzi operators and market manipulators more effectively. What is the name of this bill? A) Judicial Appointments Commission Bill, 2014. B) The Banking Law, 2014. C) The Securities Law (Amendment) Bill, 2014. D) The Constitution Bill, 2014. Show Answer Correct Answer: C) The Securities Law (Amendment) Bill, 2014. 26. The general approach to the loaning policies and procedures of co-operative banks has been to A) Implement the crop loan system in all its aspects. B) Allow only long-term loans to the farmers extending beyond 20 years for development on land. C) Finance for research and upgradation of agricultural inputs like seeds, manure, implements etc. D) Provide a window for marketing of agricultural produce. Show Answer Correct Answer: A) Implement the crop loan system in all its aspects. 27. One of the major challenges banking industry is facing these days is deliberate efforts of some people to bring money earned through illegal activities in circulation. Which of the following acts has been passed to prevent this activity? A) Payment and Settlements Act. B) Banking Regulation Act. C) Negotiable Instruments Act. D) Prevention of Money Laundering Act. Show Answer Correct Answer: D) Prevention of Money Laundering Act. 28. Which of the following is not a reason for demand pull inflation? A) Shortage of consumer goods. B) Less import. C) Economic growth. D) More exports. Show Answer Correct Answer: A) Shortage of consumer goods. 29. Which of the following constitute the code of conduct for merchant bankers as stipulated by SEBI? A) Maintenance of high degree of standards of integrity and fairness in dealings. B) Providing true and adequate information to investors and abide by the provisions of various acts, rules and regulation etc. C) Ethical conduct of business and provision of information to customers in respect of code. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. ICICI provides financial assistance to A) Small-scale industries. B) Medium-scale industries. C) Large-scale industries. D) All of the above. Show Answer Correct Answer: C) Large-scale industries. ← 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