This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the type of banking which involves banking services for high net-worth clients like corporate, commercial banks, mid-size companies etc? A) Wholesale Banking. B) Merchant Banking. C) Retail Banking. D) Narrow Banking. Show Answer Correct Answer: A) Wholesale Banking. 2. Under provisions of which one of the following Acts does the RBI issue directives to the Banks in India? A) RBI Act. B) Banking Regulation Act. C) Essential Commodities Act. D) RBI and Banking Regulation Act. Show Answer Correct Answer: D) RBI and Banking Regulation Act. 3. Current Account Deficit on the Balance of payment reflects..... A) Deficit on Trade Account . B) Deficit on Invisibles Account. C) Deficit on Trade and Invisibles Account. D) Deficit onTrade Invisibles and Capital Account. Show Answer Correct Answer: C) Deficit on Trade and Invisibles Account. 4. What should be the equity participation by the NBFC of the IDF? A) 25-35%. B) 50-60%. C) 30-49%. D) 10-20%. Show Answer Correct Answer: C) 30-49%. 5. The term 'Smart Money" refers to.....[IBPS 2012] A) Foreign Currency. B) Internet Banking. C) US Dollars. D) Credit Cards. Show Answer Correct Answer: D) Credit Cards. 6. In which year, Credit Guarantee Corporation created? A) 1971. B) 1975. C) 1975. D) 2001. Show Answer Correct Answer: A) 1971. 7. Where was the first society under Cooperative Societies Act 1904 registered in India? A) Madurai. B) Panaji. C) Kanjipoorum. D) Gaya. Show Answer Correct Answer: C) Kanjipoorum. 8. Regional Rural Banks are classified under..... A) Land mortgage Banks. B) Co-operative Banks. C) Commercial Banks. D) Public sector Banks. Show Answer Correct Answer: D) Public sector Banks. 9. All venture Capital Funds must be registered with A) RBI. B) SEBI. C) Registrar of Companies. D) Either A and B. Show Answer Correct Answer: B) SEBI. 10. Interest Rate payable on Saving Bank account is A) Not regulated by RBI. B) Regulated by State Government. C) Regulated by Central Government. D) Regulated by RBI. Show Answer Correct Answer: A) Not regulated by RBI. 11. 'Sub Prime Lending' is a term applied to the loans made to [Punjab & Sindh 2011] A) Those borrowers who do not have a good credit history. B) Those who wish to take loan against the mortgage of tangible assets. C) Those who have a good credit history and are known to bank since 10 years. D) Those borrowers who are most preferred customers of the Bank. Show Answer Correct Answer: A) Those borrowers who do not have a good credit history. 12. How much amount has been allocated to for Statue of Unity, a statue of Sardar Patel in Gujarat, in the recent Union Budget 2014-15? A) Rs. 100 Crore. B) Rs. 150 Crore. C) Rs. 500 Crore. D) Rs. 200 Crore. Show Answer Correct Answer: D) Rs. 200 Crore. 13. How many branches of Payment banks must be in the unbanked rural area? A) 75%. B) 25%. C) 35%. D) 50%. Show Answer Correct Answer: B) 25%. 14. Which of the following was set up as a exclusive data communication network for banks in terms of recommendations of committee on communication network of banks? A) BANKNET. B) SWIFT. C) MICR. D) None of these. Show Answer Correct Answer: A) BANKNET. 15. Which of the following policies is known as Annual Policy Statement? [Corporation Bank 2011] A) Annual budget of GOI. B) Credit and monetary policy of RBI. C) Foreign trade policy of DGFT. D) Regulations issued by SEBI. Show Answer Correct Answer: B) Credit and monetary policy of RBI. 16. Financial assistance for a sum of Rs. 5, 000 can be called as? A) Small finance. B) Micro finance. C) Crazy finance. D) Petty finance. Show Answer Correct Answer: B) Micro finance. 17. The investments done by "Those financial entities which were launched or incorporated in a foreign country but are investing in an Indian venture in India" are generally known as A) Foreign Institutional Investment. B) Patent Money. C) Private Equity. D) Current Account Money. Show Answer Correct Answer: A) Foreign Institutional Investment. 18. Which of the following is NOT a component of India's Securities Market? A) Commodity Futures. B) Small Savings in National Saving Certificates. C) Government Bonds. D) Corporate Equity. Show Answer Correct Answer: A) Commodity Futures. 19. What is downpayment? A) Difference between the total purchase value and the loan amount. B) First EMI of the loan amount. C) Last EMI of the loan amount. D) None of the above. Show Answer Correct Answer: A) Difference between the total purchase value and the loan amount. 20. The branding line of Bank of Baroda is..... A) International bank of India. B) India's International bank. C) World's local Bank. D) Indian's Multinational Bank. Show Answer Correct Answer: B) India's International bank. 21. Most favourable portfolio is proficient portfolio with which of the following? A) Highest risk. B) Least investment. C) Lowest risk. D) Highest utility. Show Answer Correct Answer: D) Highest utility. 22. Which of the following is facilitated by Foreign Exchange Reserves? A) External trade. B) Orderly development. C) Maintenance of foreign exchange market. D) All of the above. Show Answer Correct Answer: D) All of the above. 23. Which of the following is not helpful in controlling the money supply? A) Changes in reserve requirements. B) CRR. C) Bank rate. D) Open market policy. Show Answer Correct Answer: D) Open market policy. 24. In April 2013, A Bill has been introduced in the Lok Sabha to raise the authorised capital of the Regional Rural Banks to Rs..... A) 2500 Crore. B) 5 Crore. C) 500 Crore. D) 1000 Crore. Show Answer Correct Answer: C) 500 Crore. 25. Who is entrusted with the power to lay down instructions to the banks in India for audits? A) RBI. B) Finance Ministry. C) State Government. D) None. Show Answer Correct Answer: A) RBI. 26. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for a further period of.....: A) 6 years. B) 2 years. C) 4 years. D) 5 years. Show Answer Correct Answer: D) 5 years. 27. When did the Lead Bank Scheme reduce the developmental gap between different regions of the country launched in India? A) Towards the end of First Five Year Plan. B) Towards the close of the Plan Holiday in Indian Economy. C) Towards the close of the Second Five Year Plan. D) Towards the end of the Eight Five Year Plan. Show Answer Correct Answer: B) Towards the close of the Plan Holiday in Indian Economy. 28. Which of the following sector(s) make(s) maximum contribution to the national income of india? A) Services. B) Agriculture. C) Industry. D) Both Agriculture and Industry. Show Answer Correct Answer: A) Services. 29. First bank operated by Indians on limited liability basis was..... A) Punjab National Bank. B) Oudh Commncial Bank. C) Allahabad Bank. D) Imperial Bank of India. Show Answer Correct Answer: B) Oudh Commncial Bank. 30. The Banking Regulation Act was initially passed by what name? A) Banking Firms Act, 1949. B) Banking Companies Act, 1949. C) Banking Units Act, 1949. D) None. Show Answer Correct Answer: B) Banking Companies Act, 1949. ← PreviousNext →Related QuizzesBanking QuizzesFinance QuizzesBanking Affairs Quiz 1Banking Affairs Quiz 2Banking Affairs Quiz 3Banking Affairs Quiz 4Banking Affairs Quiz 5Banking Affairs Quiz 7Banking Affairs Quiz 8Banking Affairs Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books