This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 54 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 54 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Ten-rupee notes contain the signature of A) Finance Secretary, GOI. B) Governor, Reserve Bank of India. C) Chairman, State Bank of India. D) Finance Minister, GOI. Show Answer Correct Answer: B) Governor, Reserve Bank of India. 2. Where is the headquarters of the International Monetary Fund (IMF)? A) Paris. B) London. C) Geneva. D) Washington DC. Show Answer Correct Answer: D) Washington DC. 3. Many times we read a term CBS used in banking operation. What is the full form of the letter 'C' in the term 'CBS'? [Corporation Bank 2011] A) Complete. B) Continuous. C) Credit. D) Core. Show Answer Correct Answer: D) Core. 4. What is current coverage of bank account of population (approx)? A) 60%. B) 80%. C) 50%. D) 40%. Show Answer Correct Answer: D) 40%. 5. Which award is given for an Outstanding Woman Reporter in India? A) Patrakarita Award. B) Chameli Devi Jain Award. C) Padma Shree Award. D) Mahila Patrakar Award. Show Answer Correct Answer: B) Chameli Devi Jain Award. 6. The State Co-operative Bank, being the Apex Bank at the state level A) Operates as a balancing centre for the movement of the resources in the entire state. B) Acts as the custodian of the surplus resources and the reserves of the central co-operative banks and supplements them by attracting sizeable deposits and by obtaining loans from RBI. C) Provides the link between the RBI and the money market on one hand and the entire co-operative credit structure, on the other. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. Since, acceptance of deposits and granting of loans are the two general functions of a bank, the relationship arising out of these two main activities is known as A) Principal and agent relationship. B) Financer and financee relationship. C) Bailor and bailee relationship. D) General relationship. Show Answer Correct Answer: D) General relationship. 8. In the first round 14 major banks with a liability base of.....were nationalized A) 100 crore or more. B) 20 crore or more. C) 50 crore or more. D) 10 crore or more. Show Answer Correct Answer: C) 50 crore or more. 9. When was the National Housing Bank Act passed? A) 1987. B) 1970. C) 1976. D) 1996. Show Answer Correct Answer: A) 1987. 10. If the customer can do all transactions only in a branch and the branch has no online access, it is called A) Online Banking. B) Virtual Banking. C) Brick and Mortar Banking. D) None of These. Show Answer Correct Answer: C) Brick and Mortar Banking. 11. Industrial exit policy means..... A) Forcing foreign companies to leave India. B) Forcing business units to move out of congested localities. C) Allowing manufactures to shift their line products. D) Allowing business units to close down. Show Answer Correct Answer: D) Allowing business units to close down. 12. The Union Govt. recently launched a web portal for enabling government-citizen discussions on several issues. What is the name of this portal which was inaugurated by Prime Minister Narendra Modi? A) MyGov. B) MineGov. C) MyGovern. D) MeriGov. Show Answer Correct Answer: A) MyGov. 13. Govt's Income from issuance of note is part of..... A) Tax Revenue Receipts. B) Non tax Revenue. C) Capital Receipts. D) None of these. Show Answer Correct Answer: D) None of these. 14. Many times we read in financial newspapers about the performance of the "core sectors" in Economy. Which of the following is NOT included in the core sector of the same? A) Auto sector. B) Steel. C) Cement. D) Coal. Show Answer Correct Answer: A) Auto sector. 15. .....is a financial institution which mobilises savings from the people and invests then in a mix of corporate and government securities. A) Correspondent Bank. B) Mutual Fund. C) Unit Bank. D) Commercial Bank. Show Answer Correct Answer: B) Mutual Fund. 16. How much percent of SHG consists exclusively of women? A) 50%. B) 90%. C) 80%. D) 60%. Show Answer Correct Answer: B) 90%. 17. How many forms are taken by sinking of fund retirement? A) Ten forms. B) Three forms. C) Two forms. D) One form. Show Answer Correct Answer: C) Two forms. 18. As per the direction of RBI on 29 October 2013, the banks can pay rate of interest on Fixed deposits'? A) As per the direction of government of India. B) On half yearly basis only. C) Pay on quarterly basis alone. D) At intervals shorter than quarterly intervals also. Show Answer Correct Answer: D) At intervals shorter than quarterly intervals also. 19. Which of the following terms is used in the field of banking and finance? A) Metabolic Reaction. B) Resistance. C) Investment. D) Genetics. Show Answer Correct Answer: C) Investment. 20. Who regulates the District Central Cooperative Banks in India? A) RBI. B) SEBI. C) Central Government. D) State Government. Show Answer Correct Answer: A) RBI. 21. KYC guidelines followed by the banks have been framed on the recommendations of the [Indian Overseas Bank 2011] A) Ministry of Rural Development. B) Ministry of Home Affairs. C) Indian Banks Association. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 22. Regional Rural Banks carry on normal banking business as defined in A) Regional Rural Bank Act, 1949. B) Companies Act, 1956. C) Reserve Bank of India Act. D) Banking Regulation Act, 1949. Show Answer Correct Answer: D) Banking Regulation Act, 1949. 23. Which of the following is used for International Monetary Transfer? A) RTGS. B) NEFT. C) SWIFT. D) None of these. Show Answer Correct Answer: C) SWIFT. 24. When we talk of smart money what are we referring to? A) Treasury bills. B) Internet banking. C) Foreign currency. D) Credit cards. Show Answer Correct Answer: D) Credit cards. 25. Which country has the highest Foreign Assets Reserves in the world? A) Australia. B) USA. C) India. D) China. Show Answer Correct Answer: D) China. 26. Onthe current account, balancesmaintained by the Regional Rural Banks (RRBs) with them, the commercial banks may A) Pay interest up to 9%. B) Waive incident charges. C) Pay interest as applicable to savings accounts. D) Pay interest as such rates as may be mutually agreed to. Show Answer Correct Answer: A) Pay interest up to 9%. 27. Cryptocurrency is a..... A) Plastic Money. B) Digital Medium of Exchange. C) Digital payment. D) Both A & B. Show Answer Correct Answer: B) Digital Medium of Exchange. 28. Which of the following are included/excluded in determining reasonable time for the purpose of payment of a negotiable instrument? A) Public holidays are included. B) Public holidays are excluded. C) Only the holidays observed by the banks are excluded. D) None of the above. Show Answer Correct Answer: B) Public holidays are excluded. 29. Bank of America situated at New York is opening an account with State Bank of India at Kolkatta and what do you mean this? A) RFC account. B) Loro account. C) Vostro account. D) Nostro account. Show Answer Correct Answer: C) Vostro account. 30. SLR is maintained as a percentage of A) Time liabilities. B) Demand liabilities. C) Net demand and time Liabilities. D) Time and Demand liabilities. Show Answer Correct Answer: C) Net demand and time Liabilities. ← 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