This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 57 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the time period for the long duration crops to be termed as NPA? A) 1 crop season. B) 180 days. C) 90 days. D) 2 crop seasons. Show Answer Correct Answer: A) 1 crop season. 2. The Bank for International Settlements (BIS) which provides the Banking supervision accords is located in which country A) England. B) USA. C) France. D) Switzerland. Show Answer Correct Answer: D) Switzerland. 3. At which rate the RBI lends short-term money to the bank? A) CRR. B) PLR. C) Reverse repo rate. D) Repo rate. Show Answer Correct Answer: D) Repo rate. 4. Which of the following organisations/agencies has established a fund known as Investor Protection Fund? A) SIDBI. B) Bombay Stock Exchange. C) Ministry of Finance. D) RBI. Show Answer Correct Answer: D) RBI. 5. Who manages the registration and management activities of Urban co-operative banks in India? A) RBI. B) NABARD. C) RCS. D) None of the above. Show Answer Correct Answer: C) RCS. 6. Which of the following is included in payment system of PSS Act? A) Clearing. B) Payment. C) Settlement service. D) All of the above. Show Answer Correct Answer: D) All of the above. 7. Baroda Gift Card can be used for transactions at which of the following? A) POS & Online purchases & Bob ATM. B) POS & Online purchases. C) POS & BoB ATM. D) POS only. Show Answer Correct Answer: B) POS & Online purchases. 8. How many digits are there in a Aadhaar Virtual ID? A) 11 digits. B) 14 digits. C) 16 digits. D) 12 digits. Show Answer Correct Answer: C) 16 digits. 9. Section 6(A) of B.R. Act has given the list of ancillary services which can be rendered by a Bank under the Banking Regulation Act. in the event that a Bank wants to undertake any other services (other than the list): A) It can be decided by the Bank in the shareholders meeting. B) The bank can seek authority from the RBI. C) Board of directors of that Bank can decide the business suitable to the bank. D) Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company. Show Answer Correct Answer: D) Bank can do so if that business is notified by the Central Government as the lawful business of a Banking company. 10. Which of the following is the basic objective of R.B.I's monetary policy? A) To control cost & availability of money. B) To control public expenditure. C) To control deficit in the balance of payment. D) To control deficit of the budget. Show Answer Correct Answer: A) To control cost & availability of money. 11. Authorized Dealers for foreign transactions are appointed by: A) Government of India. B) Reserve Bank of India. C) FEDAI. D) Individual Banks. Show Answer Correct Answer: B) Reserve Bank of India. 12. What is Bancassurance? A) An insurance scheme to insure bank deposits. B) An insurance scheme exclusively for the employees of banks. C) A composite financial service offering both bank and insurance products. D) A bank deposit scheme exclusively for employees of insurance companies. Show Answer Correct Answer: C) A composite financial service offering both bank and insurance products. 13. The instrument which provides proprietary interest in company and which entitles a person to dividend on profits, is called? A) Warrant. B) Debenture. C) Bond. D) Share. Show Answer Correct Answer: D) Share. 14. When was the Banking Codes and Standards Board of India (BCSBI) formed? A) 2007. B) 2005. C) 2008. D) 2006. Show Answer Correct Answer: D) 2006. 15. Credit Rating [Corporation Bank 2011] A) Is not used in any bank. B) Is used to calculate the number of excellent auditrated branches. C) Is used to work out performance of the employees. D) Is used to rate the borrowers while giving advances. Show Answer Correct Answer: D) Is used to rate the borrowers while giving advances. 16. RRBs were set-up on A) 1975. B) 1985. C) 2001. D) 1991. Show Answer Correct Answer: A) 1975. 17. Which of the following is an example of near money? A) 50 paise coins. B) Bank Draft. C) Fiat money. D) Treasury Bills. Show Answer Correct Answer: D) Treasury Bills. 18. In the IBA Banking Technology Awards 2014, Best Financial Inclusion Initiative award among Public Sector bank conferred on A) SBI. B) Corporation Bank. C) Andhra Bank. D) Bank of Baroda. Show Answer Correct Answer: D) Bank of Baroda. 19. Which of these should be practiced when using a credit card? A) Pay only the minimum balance since it is allowed. B) Throw away the receipt signed by you immediately after receiving from the cashier. C) Memories your PIN number and do not leave your PIN number in your wallet. D) Maintain as many cards as possible for convenience. Show Answer Correct Answer: C) Memories your PIN number and do not leave your PIN number in your wallet. 20. Which act governs the minting of coins in India? A) Indian Coinage Act, 1906. B) Indian Rupee Act, 1996. C) Indian Denomination Act, 1972. D) All of these. Show Answer Correct Answer: A) Indian Coinage Act, 1906. 21. What do you mean by home banking? A) Home banking is an extended version of tele banking. B) In home banking the customer is able to access his personal account from his home for availing a variety of services which is made available. C) Home banking is availed through the customer's personal computer attached to a telephone line and modem. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. Which of these banks are authorised to act as the agent of RBI? A) Bank of Baroda. B) Punjab National Bank. C) State Bank of India. D) All of the above. Show Answer Correct Answer: D) All of the above. 23. The Money market include A) Treasury bills. B) Cash Management bills. C) Commercial papers. D) All of above. Show Answer Correct Answer: D) All of above. 24. Many Co-operative Banks has their licenses cancelled by RBI. Why? A) Because of financial indiscipline. B) Because of staff and management rift. C) As a result of labour unrest. D) Owing to voluntary surrender by the co-operative. Show Answer Correct Answer: A) Because of financial indiscipline. 25. Who regulates the functioning of District Cooperative Banks in India? A) State Government. B) RBI. C) State Cooperative Banks. D) None. Show Answer Correct Answer: B) RBI. 26. Which of the following is India's first company to open with White Label ATMs? A) Airtel Finance LTD. B) Reliance communications Ltd. C) Srei Finance Ltd. D) Tata communication payments solutions Ltd. Show Answer Correct Answer: D) Tata communication payments solutions Ltd. 27. The rate of interest on Savings Bank Account is decided by A) The Concerned Bank. B) RBI. C) Indian Banks Association. D) Government of India. Show Answer Correct Answer: A) The Concerned Bank. 28. When was the Banking Ombudsman scheme first introduced in India? A) 2001. B) 1999. C) 1998. D) 1995. Show Answer Correct Answer: D) 1995. 29. What is the population limit at a place under which the banks don't require a license from RBI to open a branch? A) 10000. B) 50000. C) 40000. D) 20000. Show Answer Correct Answer: B) 50000. 30. The primary monetary policy technique employed by the Reserve Bank of India is..... A) Margin requirements. B) Discount policy. C) Reserve requirements. D) Open market operations. Show Answer Correct Answer: D) Open market operations. ← 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