Banking Affairs Quiz 53 (30 MCQs)

Quiz Instructions

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1. AMFI is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhance and maintain standards in the industry. AMFI stands for
2. Which of the following is not a part of the scheduled banking structure in India? [Corporation Bank 2011]
3. FCNR accounts can be opened and maintained as.....
4. Smart card has been introduced on the recommendations of which committee among the following?
5. Which of the following taxes/cess is levied by States in India?
6. Which of the following is not the feature of FEMA?
7. Very often we see in the advertisements published by Financing Institutes/Agencies stating the their products are given high or average Ratings. These Rating Agencies classify bonds/investments into how many categories?
8. Which one of the following is not a 'Money Market Instrument'?
9. The Government of India has launched a number of poverty alleviation programmes. This is done with the view that poverty is the root cause of social insecurity. In addition to that UNO has also launched Millennium Development Goals to be achieved by 201 5. Which of the following is NOT one of those goals?
10. Which amongst the following banks used Tiny Cards with biometric identification as a part of the financial inclusion?
11. Which of the following taxes was levied on the buying/selling of various commodities on recognised exchanges in India? (It is withdrawn now).
12. The financial assets in the NBFC factoring business should constitute what percent of its total assets?
13. Which of the following is regarded as the fourth element of the financial system?
14. SEBI Mutual Fund Regulations came up in which of the following years?
15. Which of these is a Financial Inclusion scheme that was launched in 2014?
16. (The figures in this questions are imaginary). We suppose that Cash Reserve Ratio (CRR) in country's economy is 10% . The banking system wish a cash deposits of Rs. 1000 Crore, creates total deposits of Rs. 10, 000 Crores. The Reserve Bank wishes that bank should create more deposits. Which among the following step will be taken by the Reserve Bank?
17. Interest rates on which of the following deposit schemes is fixed by the Reserve Bank of India? [Corporation Bank 2011]
18. What should be the minimum net worth of a company to get registered as Infrastructure Finance Company?
19. Who have the largest share of world trade?
20. Which of these is not a parabanking activity?
21. As per the reports published in various journals and newspapers, the "small borrowers" in rural areas still prefer to take informal route for their credit needs. Which of the following is the "informal route" of credit in the financial sector? [Punjab & Sindh 2011]
22. Which of the following is also known as Prepaid Debit cards?
23. As per the reports published by the World Bank, what percentage of Indian population lives below the new International Poverty Line?
24. What are the funds that are set aside by the banks as fraction to the loans known as?
25. Which of the following is the Regulator of the credit rating agencies in India?
26. The International monetary fund (IMF) is an organization of.....countries
27. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India?
28. Infrastructure loan is extended by which of the following?
29. Under which Section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue?
30. How many entities were granted provisional license by RBI to convert into Small Finance Bank in 2015?