This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 53 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 53 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 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 A) Association of Mutual Finance in India. B) Amalgamation of Mutual Funds in India. C) Association of Mutual Funds in India. D) Authority of Mutual Funds in India. Show Answer Correct Answer: C) Association of Mutual Funds in India. 2. Which of the following is not a part of the scheduled banking structure in India? [Corporation Bank 2011] A) Money Lenders. B) Private Sector Banks. C) Regional Rural Banks. D) Public Sector Banks. Show Answer Correct Answer: A) Money Lenders. 3. FCNR accounts can be opened and maintained as..... A) Term Deposit Accounts. B) Savings Bank Account. C) Recurring Deposits. D) Current Accounts. Show Answer Correct Answer: C) Recurring Deposits. 4. Smart card has been introduced on the recommendations of which committee among the following? A) Saraf committee. B) Panneerselvam committee. C) Rangarajan committee. D) Nayak committee. Show Answer Correct Answer: A) Saraf committee. 5. Which of the following taxes/cess is levied by States in India? A) Tax on motor vehicles. B) Educational cess. C) Tax on hotels. D) All of these. Show Answer Correct Answer: D) All of these. 6. Which of the following is not the feature of FEMA? A) There is a simplification of Foreign Exchange Transactions. B) There was a discharge provisions of criminal proceedings in case of default cases. C) It came into force on 01.01.2004. D) None of the Above. Show Answer Correct Answer: B) There was a discharge provisions of criminal proceedings in case of default cases. 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? A) Only 1. B) Only 2. C) Only 3. D) All the above. Show Answer Correct Answer: D) All the above. 8. Which one of the following is not a 'Money Market Instrument'? A) Commercial Paper. B) Equity Shares. C) Treasury Bills. D) Certificate of Deposit. Show Answer Correct Answer: B) Equity Shares. 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? A) Improve mental health. B) Combat HIV/AIDS, Malaria. C) Reduce marriageable age for males to 18 years. D) Promote gender equality and empower women. Show Answer Correct Answer: C) Reduce marriageable age for males to 18 years. 10. Which amongst the following banks used Tiny Cards with biometric identification as a part of the financial inclusion? A) SBI. B) Axis. C) PNB. D) ICICI. Show Answer Correct Answer: A) SBI. 11. Which of the following taxes was levied on the buying/selling of various commodities on recognised exchanges in India? (It is withdrawn now). A) Securities Transaction Tax. B) Central Sales Tax. C) Fringe Benefit Tax. D) Value Added Tax. Show Answer Correct Answer: C) Fringe Benefit Tax. 12. The financial assets in the NBFC factoring business should constitute what percent of its total assets? A) 25%. B) 50%. C) 75%. D) 100%. Show Answer Correct Answer: C) 75%. 13. Which of the following is regarded as the fourth element of the financial system? A) Financial markets. B) Financial instruments. C) Financial institutions. D) Financial services. Show Answer Correct Answer: D) Financial services. 14. SEBI Mutual Fund Regulations came up in which of the following years? A) 1996. B) 1994. C) 1992. D) 1984. Show Answer Correct Answer: A) 1996. 15. Which of these is a Financial Inclusion scheme that was launched in 2014? A) Pradhan Mantri Sampada Yojna. B) Bharat Nirman. C) Pradhan Mantri Jan Dhan Yojana. D) All of the above. Show Answer Correct Answer: C) Pradhan Mantri Jan Dhan Yojana. 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? A) It will raise the Cash Reserve Ratio. B) It will start selling Government Securities. C) It will increase the Margin Requirements. D) It will lower the Cash Reserve Ratio. Show Answer Correct Answer: D) It will lower the Cash Reserve Ratio. 17. Interest rates on which of the following deposit schemes is fixed by the Reserve Bank of India? [Corporation Bank 2011] A) Fixed deposits above five years' maturity. B) Recurring deposits. C) Savings bank. D) Flexi Deposit scheme. Show Answer Correct Answer: C) Savings bank. 18. What should be the minimum net worth of a company to get registered as Infrastructure Finance Company? A) Rs 350 crore. B) Rs 100 crore. C) Rs 300 crore. D) Rs 250 crore. Show Answer Correct Answer: C) Rs 300 crore. 19. Who have the largest share of world trade? A) European Union, USA. B) Japan. C) Canada. D) All of these. Show Answer Correct Answer: D) All of these. 20. Which of these is not a parabanking activity? A) Asset Management. B) Cash Withdrawal. C) Insurance Business. D) None of the above. Show Answer Correct Answer: B) Cash Withdrawal. 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] A) Loan against gold from financial institute. B) Credit cards. C) Money lender. D) Debit cards. Show Answer Correct Answer: C) Money lender. 22. Which of the following is also known as Prepaid Debit cards? A) Loadable Debit Cards. B) Reloadable Debit Cards. C) Relational Debit Cards. D) None of The Above. Show Answer Correct Answer: B) Reloadable Debit Cards. 23. As per the reports published by the World Bank, what percentage of Indian population lives below the new International Poverty Line? A) 0.42. B) 52%. C) 62%. D) 30%. Show Answer Correct Answer: A) 0.42. 24. What are the funds that are set aside by the banks as fraction to the loans known as? A) Credit Exposure Ratio. B) Loan Default Ratio. C) NPA Coverage Ratio. D) Provisioning Coverage Ratio. Show Answer Correct Answer: D) Provisioning Coverage Ratio. 25. Which of the following is the Regulator of the credit rating agencies in India? A) RBI. B) SBI. C) SEBI. D) SIDBI. Show Answer Correct Answer: C) SEBI. 26. The International monetary fund (IMF) is an organization of.....countries A) 237. B) 188. C) 430. D) 126. Show Answer Correct Answer: B) 188. 27. Which section of RBI Act states that the RBI has the exclusive rights to issue currency notes in India? A) 17. B) 19. C) 21. D) 22. Show Answer Correct Answer: D) 22. 28. Infrastructure loan is extended by which of the following? A) SEBI. B) NABARD. C) NBFC. D) RBI. Show Answer Correct Answer: C) NBFC. 29. Under which Section of the Reserve Bank of India Act, the Reserve Bank has the sole right of note issue? A) 25. B) 28. C) 20. D) 22. Show Answer Correct Answer: D) 22. 30. How many entities were granted provisional license by RBI to convert into Small Finance Bank in 2015? A) 8. B) 12. C) 10. D) 25. Show Answer Correct Answer: C) 10. ← 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