This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 55 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 55 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. .....was not nationalized in 1969 A) Oriental Bank of commerce. B) Bank of Baroda. C) Punjab National Bank. D) Union Bank of India. Show Answer Correct Answer: A) Oriental Bank of commerce. 2. For which of the following reasons are Basel-II norms to be followed by Commercial Banks? A) Risk management. B) Adoption of international accounting standards. C) Restriction on bonus payments to bank executives. D) Transparency in disclosures. Show Answer Correct Answer: A) Risk management. 3. Which section of the RBI allows the RBI to provide loans to banks and state financial corporations? A) 18. B) 17. C) 19. D) 20. Show Answer Correct Answer: B) 17. 4. Legal Tender Money is..... A) Accepted only by the Government. B) Accepted by the people and the Government as per the law. C) Not accepted for business purposes by the law. D) Not accepted by the government. Show Answer Correct Answer: B) Accepted by the people and the Government as per the law. 5. The approximate amount of gold is how much of the total value of Forex Reserves in India? A) 7%. B) 5%. C) 93%. D) 50%. Show Answer Correct Answer: B) 5%. 6. Which of the following types of corporate loans are known as balloon loans? A) Short-term Loans. B) Intermediate term Loans. C) Long term Loans. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 7. Which of the following is the principle business carried out by NBFC? A) Hire purchasing finance. B) Housing finance. C) Investment and loan. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. What is not true about Payment bank? A) It cannot issue loans. B) It can accept deposits. C) It can issue credit cards. D) None of the above. Show Answer Correct Answer: C) It can issue credit cards. 9. Section 14 of Banking Regulation Act, 1949 A) Prohibits a banking company from creating a charge upon any unpaid capital of the company. B) Contains a system of licensing of banks by the RBI. C) Provides that the subscribed capital of a banking company should not be less than one-half of its authorised capital. D) All of the above. Show Answer Correct Answer: A) Prohibits a banking company from creating a charge upon any unpaid capital of the company. 10. Fixed deposits can have A) Nomination facility on the day of closing. B) Nomination facility. C) Nomination facility with the permission of Bank Chairman. D) Nomination facility by taking special permission from bank. Show Answer Correct Answer: B) Nomination facility. 11. Ministry of Communications and IT has launched a social security scheme the Service Discharge Benefit Scheme (SDBS)..... A) To provide financial security to Gramin Dak Sevaks. B) To provide insurance for the rural poor. C) To provide risk cover for the urban slums. D) To provide financial assistance for the gram panchayats. Show Answer Correct Answer: A) To provide financial security to Gramin Dak Sevaks. 12. Which of these entities surrendered their Payments Bank license? A) Cholamandalam Distribution Services. B) Sun Pharmaceuticals. C) Tech Mahindra. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. As a practice, all banks now deduct some amount from their pre-tax income and set aside in a separate account to create a cushion for the loans which may go bad. This is called: A) CRR. B) Provisioning. C) PLR. D) SLR. Show Answer Correct Answer: B) Provisioning. 14. Which of the following Negotiable Instruments can be crossed to the banks? A) Cheques. B) Bills of Exchange. C) Drafts. D) All of above. Show Answer Correct Answer: B) Bills of Exchange. 15. Which of the following is the largest Credit Rating Agency in India? A) CRISIL. B) SMERA. C) ICRA. D) CARE. Show Answer Correct Answer: A) CRISIL. 16. How many digits are present in IFSC code? A) 10. B) 9. C) 15. D) 11. Show Answer Correct Answer: D) 11. 17. Who manages the Foreign Exchange control in India? A) NABARD. B) Central Government. C) RBI. D) SEBI. Show Answer Correct Answer: C) RBI. 18. The minimum paid-up capital requirement at present for new Private Bank in India is..... A) RS. 600 crore. B) RS. 200 crore. C) RS. 500 crore. D) RS. 100 crore. Show Answer Correct Answer: C) RS. 500 crore. 19. Which panel is scrutinizing applications for new bank licences. A) P Chidamabram. B) C.N.R. Rao Panel. C) Raghuram Rajan. D) Bimal Jalan Panel. Show Answer Correct Answer: D) Bimal Jalan Panel. 20. KYC guidelines have been issued under which section of Banking Regulation ACT 1949? A) Section 35 A. B) Section 45. C) SECTION 36 A. D) Section 123 B. Show Answer Correct Answer: A) Section 35 A. 21. In Union Budget 2014-15, Exemption limits on income tax raised from . A) Rs. 2 lakh to Rs. 3.5 lakh. B) Rs. 3 lakh to Rs. 3.5 lakh. C) Rs. 2 lakh to Rs. 3 lakh. D) Rs. 2 lakh to Rs. 2.5 lakh. Show Answer Correct Answer: D) Rs. 2 lakh to Rs. 2.5 lakh. 22. Which state the Vananchal Gramin Bank belongs to? A) Jharkhand. B) Madhya Pradesh. C) Chhattisgarh. D) Bihar. Show Answer Correct Answer: A) Jharkhand. 23. What is the function of Board for Financial Supervision (BFS)? A) Supervision of the financial sector. B) Supervision of all types of payment and settlement systems. C) Appointing the directors of scheduled banks. D) All of the above. Show Answer Correct Answer: A) Supervision of the financial sector. 24. During the first nine months of the financial year 2013-14, India's exports registered the growth of A) 2.98%. B) -0.0594. C) 5.94%. D) -4.76%. Show Answer Correct Answer: C) 5.94%. 25. Reserve Bank of India (RBI) on 15 January 2014 included two countries in the sensitive list under FEMA Act, 200 0. The countries in question are A) Iran and China. B) Hong Kong and Macau. C) Syria and Sudan. D) Israel and Libya. Show Answer Correct Answer: B) Hong Kong and Macau. 26. Which of the following are characteristics of Treasury Bills? A) Short-term financial instruments. B) Widely traded on the discount market. C) Highly liquid securities. D) All of the above. Show Answer Correct Answer: D) All of the above. 27. What is the name of the proposed airline of Tata-SIA Airlines Limited (TSAL), a jointventure between Tata Group and Singapore International Airlines (SI) A) Legard. B) Vistara. C) Tata-SIA. D) Margaret. Show Answer Correct Answer: B) Vistara. 28. Cash Deposit Ratio means..... A) The percentage of total cash money received as deposits by banks. B) The percentage of cash in hand balance with central bank to the aggregate deposits. C) The percentage of cash in hand with amount of loan given to customer. D) The percentage of assets to liabilities of bank. Show Answer Correct Answer: B) The percentage of cash in hand balance with central bank to the aggregate deposits. 29. Hindu Rate of Growth refers to the rate of growth of A) Foodgrains. B) GDP. C) Per Capita income. D) Population. Show Answer Correct Answer: B) GDP. 30. Full Form of "CDR" A) Currency Default Ratio. B) Commercial Debt Recovery. C) Credit Debit Rate. D) Corporate Debt Restructuring. Show Answer Correct Answer: D) Corporate Debt Restructuring. ← 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