This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 56 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 56 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How much money can Residents of India tremit upto? A) $ 2, 00, 000. B) $ 2, 50, 000. C) $ 4, 00, 000. D) $ 3, 50, 000. Show Answer Correct Answer: B) $ 2, 50, 000. 2. What do you understand by "Para Banking" services? A) Utility services provided by bank. B) Eligible financial services rendered by bank. C) Services provided to armed force personnel. D) Services provided through business correspondent. Show Answer Correct Answer: B) Eligible financial services rendered by bank. 3. Regional Rural Banks were set-up with A) Reserve Bank of India Act. B) Regional Rural Banks Act, 1976. C) NABARD Act. D) None of the above. Show Answer Correct Answer: D) None of the above. 4. What is the net owned funds of NBFC? A) Rs 2 crore. B) Rs 7 crore. C) Rs 5 crore. D) Rs 10 crore. Show Answer Correct Answer: C) Rs 5 crore. 5. Which of the following organizations/agencies has sought an emergency fund of Rs.1000 crore from banks to tackle acute liquidity crisis, which is coming in the way to give loans to micro borrowers? A) Micro Finance Institutions. B) Regional Rural & Cooperative Banks. C) NABARD. D) RBI. Show Answer Correct Answer: C) NABARD. 6. Who formulates the Monetary policy in India? A) RBI. B) SEBI. C) Finance ministry. D) Planning commission. Show Answer Correct Answer: A) RBI. 7. Who among the following acts as agent of Government of India in respect of her membership of IMF? A) Ministry of Finance. B) Reserve Bank of India. C) SEBI. D) NABARD. Show Answer Correct Answer: B) Reserve Bank of India. 8. Fixed deposits and recurring deposits are [IBPS 2011] A) Repayable after an agreed period. B) Repayable on demand. C) Not repayable. D) Repayable after death of depositors. Show Answer Correct Answer: A) Repayable after an agreed period. 9. A Savings Bank Account opened with a commercial bank with zero balance or very minimal balance is known as A) Student Savings Bank account. B) Current account. C) No-Frill account. D) Savings Bank Ordinary account. Show Answer Correct Answer: C) No-Frill account. 10. Capital market is a market for long-term debt and equity shares. It is further divided in to? A) Secondary Market and Bull Market. B) Bull Market and Bell Market. C) Primary Market and Secondary Market. D) Primary Market and Government Cash Bond Market. Show Answer Correct Answer: C) Primary Market and Secondary Market. 11. The Holidays for the Banks are declared as per . A) Reserve Bank Act. B) Banking Regulation Act. C) Negotiable Instruments Act. D) Securities and Exchange Board of India Act. Show Answer Correct Answer: C) Negotiable Instruments Act. 12. The working and operations of NBFCs are regulated by A) RBI. B) IRDA. C) SEBI. D) Finance Ministry, GoI. Show Answer Correct Answer: A) RBI. 13. Which of the following NBFCs is involved in the principal business of infrastructure loan? A) CIC-ND-SI. B) Infrastructure Debt Fund. C) Infrastructure Finance Company. D) Micro Finance Institution. Show Answer Correct Answer: C) Infrastructure Finance Company. 14. How many Scheduled Commercial Banks are there in India? A) 89. B) 97. C) 93. D) 81. Show Answer Correct Answer: C) 93. 15. Chief of RBI is known as..... A) President. B) Chairman. C) Managing director. D) None of these. Show Answer Correct Answer: D) None of these. 16. How much loan limit can be sanctioned by banks to enable the MSME entrepreneurs to avail of their working capital and term loan requirement through Single Window? A) Rs 10 lakh. B) Rs 25 lakh. C) Rs 1crore. D) Rs 50 lakh. Show Answer Correct Answer: C) Rs 1crore. 17. When the rate of inflation increases [IBPS 2011] A) Purchasing power of money increases. B) Value of money increases. C) Purchasing power of money decreases. D) Purchasing power of money remains unaffected. Show Answer Correct Answer: C) Purchasing power of money decreases. 18. When was New Bank of India merged with Punjab National Bank? A) 4 sept 1993. B) 1 July 1935. C) 2 October 1995. D) 4 sept 1983. Show Answer Correct Answer: A) 4 sept 1993. 19. Which of the following is not a public sector bank? A) State of Hyderabad. B) Central Bank of India. C) Regional Rural Bank. D) HDFC Bank. Show Answer Correct Answer: D) HDFC Bank. 20. Which among the following is the correct character of the Foreign Exchange Markets? A) Foreign Exchange markets are localized markets. B) Foreign Exchange markets operate within a country's time zone. C) Foreign Exchange markets are dynamic and round the clock markets. D) Foreign Exchange markets are used only for trade related transactions. Show Answer Correct Answer: C) Foreign Exchange markets are dynamic and round the clock markets. 21. What is the maturity period of Money Market Instruments? A) Less than 90 days. B) Less than 15 days. C) Less than 1 year. D) Less than 181 days. Show Answer Correct Answer: C) Less than 1 year. 22. In the State of India, the State Financial Corporation have given assistance mainly to develop A) Agricultural farms. B) Cottage industry. C) Large-scale industries. D) Medium and small-scale industries. Show Answer Correct Answer: D) Medium and small-scale industries. 23. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 percent to? A) 47%. B) 72%. C) 57%. D) 74%. Show Answer Correct Answer: D) 74%. 24. FIMMDA stands for A) Foreign Investment Markets and Derivatives Market Association. B) Fixed Income Money Markets and Derivatives Association. C) Fixed Income and Money Market Development Association. D) Floating Income and Money Markets Derivative Assets. Show Answer Correct Answer: B) Fixed Income Money Markets and Derivatives Association. 25. An average citizen cannot open a Savings account in which of the following? A) Co-operative bank. B) RBI. C) Post office. D) Commercial bank. Show Answer Correct Answer: B) RBI. 26. With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country: A) Indemnity. B) Nomination. C) Will. D) Registration. Show Answer Correct Answer: B) Nomination. 27. ICICI is the name of a A) Corporation. B) Financial institution. C) Bureau. D) Chemical industry. Show Answer Correct Answer: B) Financial institution. 28. Which organisation will authorise the Bharat Bill Payment Operating Units in the BBPS? A) SEBI. B) RBI. C) NOCI. D) Finance Ministry. Show Answer Correct Answer: B) RBI. 29. What is the name of the central bank of Germany? A) German State Bank. B) Deutsche Bundesbank. C) Bayerische Landesbank. D) HypoVereinsbank. Show Answer Correct Answer: B) Deutsche Bundesbank. 30. What is the banking known as when a group of persons come together to own and control three or more independently chartered banks? A) Chain banking. B) Unit banking. C) Merchant banking. D) None of the above. Show Answer Correct Answer: A) Chain banking. ← 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