This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 58 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 58 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How much per cent of the total assets of the company should be deployed in the infrastructure loans? A) 80%. B) 50%. C) 75%. D) 60%. Show Answer Correct Answer: C) 75%. 2. In case, a depositor wishes to withdraw his fixed deposits prematurely, banks A) Do not allow the same till maturity of the deposits. B) Charge a penalty for the same. C) Do not charge any penalty and allow the same. D) All of the above. Show Answer Correct Answer: B) Charge a penalty for the same. 3. Which of the following Acts is enacted to help the Union Govt. to manage its budgeted finances and fiscal deficit in a very disciplined manner? A) The Competition Act. B) The Banking Regulation Act. C) The Negotiable Instruments Act. D) Fiscal Responsibility and Budget Management Act. Show Answer Correct Answer: D) Fiscal Responsibility and Budget Management Act. 4. How many Aadhaar Enrolment and Update Centres in total are there in India? A) 11000. B) 17000. C) 60000. D) 13000. Show Answer Correct Answer: D) 13000. 5. During the first nine months of the financial year 2013-14, the trade deficit in India stood at A) 110 billion dollar. B) 108 billion dollar. C) 105 billion dollar. D) 112 billion dollar. Show Answer Correct Answer: A) 110 billion dollar. 6. As we all know, Cash Reserve Ratio (CRR) is the percentage of the deposits keep in reserve with them. This ratio is also known as A) SLR. B) Reverse repo rate. C) Liquidity ratio. D) Repo rate. Show Answer Correct Answer: C) Liquidity ratio. 7. How many banks were nationalised in the second phase in 1980? A) 6. B) 4. C) 7. D) 5. Show Answer Correct Answer: A) 6. 8. Free shares of stock given to share holders at present, based upon the number of shares that a share holder owns are A) IPO. B) Preferential shares. C) Bonus shares. D) Right issues. Show Answer Correct Answer: C) Bonus shares. 9. In banking services, which are the major characteristics affecting the channel selection A) Intangibility. B) Inseparability. C) Perish ability. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. Indian company having FDI will be permitted to make downstream investment in LLPs. What is the full form of LLP? A) Limited Lasting Participation. B) Limited Liability Partnership. C) Linguistic Liability Participation. D) Limited Language Performance. Show Answer Correct Answer: B) Limited Liability Partnership. 11. Which of the following schemes is related exclusively to Financial Inclusion? [Indian Overseas Bank 2011] A) Swawalamban. B) Swadeshi. C) SGSY. D) Swabhiman. Show Answer Correct Answer: C) SGSY. 12. Which of the following is the apex institution that handles refinance for agriculture and rural development in India? A) SEBI. B) NABARD. C) RBI. D) SIDBI. Show Answer Correct Answer: B) NABARD. 13. The term "a cheque in the electronic form" is defined in the Negotiable Instruments Act, 1881-under which of the following sections? A) Section 6. B) Section 6(l). C) Section 6A. D) None of the above. Show Answer Correct Answer: A) Section 6. 14. What do we call the instruments of monetary policy which directly affect the quantity of money supply? A) Quantitative instruments. B) Qualitative instruments. C) Money instruments. D) None of the above. Show Answer Correct Answer: A) Quantitative instruments. 15. New private banks are being given licences since A) 1995. B) 1993. C) 1991. D) 1992. Show Answer Correct Answer: B) 1993. 16. Fiscal deficit is A) Total expenditure less total receipts excluding borrowing. B) Total payments less capital receipts. C) Total income less government borrowing. D) Total payments less total receipts. Show Answer Correct Answer: A) Total expenditure less total receipts excluding borrowing. 17. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of "LLP" as used in this reference? A) Limited Loan Partnership. B) Limited Liability Partnership. C) Low Labour Projects. D) Local Labour Promotion. Show Answer Correct Answer: B) Limited Liability Partnership. 18. Aadhar Payment App has been developed by which of the following? A) National Payment Corporation of India. B) Unique Identification Authority of India. C) IDFC Bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. What is the minimum net owned fund requirement for NBFCs? A) Rs 25 lakh. B) Rs 250 lakh. C) Rs 100 lakh. D) Rs 200 lakh. Show Answer Correct Answer: D) Rs 200 lakh. 20. Which of the following does not pertain to non performance assets? A) Sub standard assets. B) Doubtful assets. C) Loss assets. D) Standard assets. Show Answer Correct Answer: D) Standard assets. 21. Justice Mukul Mudgal comm. is related with which of the following subject? A) IPL spot fixing. B) Banking Reforms. C) Hike in prices of Automobile. D) Rise in prices of petrol. Show Answer Correct Answer: A) IPL spot fixing. 22. Who is eligiblen to be a promoter of Small Finance Banks? A) Individuals. B) Trusts. C) Corporates. D) All of the above. Show Answer Correct Answer: D) All of the above. 23. What was the objective behind the Banking correspondent scheme? A) Taking banking to the remotest areas. B) Helping in the process of Financial inclusion. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. 24. The Bank rate policy is a component of..... A) Monetary policy. B) Foreign policy. C) Fiscal policy. D) Trade policy. Show Answer Correct Answer: A) Monetary policy. 25. Which is not a monetary measure to control inflation? A) Tighten the regulations of money issue. B) To reduce the quantity of money. C) Soft loan policy. D) Hard credit policy. Show Answer Correct Answer: C) Soft loan policy. 26. What kind of Deposits are covered by DICGC? A) Saving deposits. B) Fixed deposits. C) Current deposits. D) All of the above. Show Answer Correct Answer: D) All of the above. 27. In 2014, Competition Commission of India probed the merger between regional rural banks sponsored by Punjab National Bank and A) Andhra Bank. B) Union Bank of India. C) State Bank of India. D) Syndicate Bank. Show Answer Correct Answer: D) Syndicate Bank. 28. Which deposit account is for individuals to save money and earn the modest interest for that money held in the account? A) Recurring Account. B) Current Account. C) Fixed Deposit Account. D) Savings Bank Account. Show Answer Correct Answer: D) Savings Bank Account. 29. In 2011-12 Central Government launched a new Scheme 'Swabhimaan'. Which statements are true about it? A) It is a programme on Financial Inclusion. B) Opening 5 crore new rural bank accounts. C) Providing branchless banking through technology. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. In any year, real GDP A) Always equals potential GDP. B) Must always be less than potential GDP. C) Might be greater or less than potential GDP. D) Will always be greater than potential GDP because of the tendency of nations to incur inflamation. Show Answer Correct Answer: C) Might be greater or less than potential GDP. ← 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