This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 61 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 61 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The commercial banking system in India comprises of A) Scheduled and non-scheduled banks. B) Nationalised banks and private sector banks. C) Regional rural banks, cooperative banks. D) Land development banks. Show Answer Correct Answer: A) Scheduled and non-scheduled banks. 2. What is the full form of NSDL? A) National Securities Depository Limited. B) National Securities Demanding Liability. C) National Sample Depository Limited. D) National Sample Driven Land. Show Answer Correct Answer: A) National Securities Depository Limited. 3. Which of the following helps in monitoring the status of all issue in issue management process? A) Issue recorder. B) Issue manager. C) Issue register. D) Issue tracker. Show Answer Correct Answer: C) Issue register. 4. Which of the following contracts involves future exchange of assets at a specified price? A) Present contract. B) Future contract. C) Forward contract. D) Spot contract. Show Answer Correct Answer: C) Forward contract. 5. Who guides debenture trustess to enhance their disclosures for listed debt securities to protect investor interest? A) Government. B) RBI. C) SEBI. D) None of the above. Show Answer Correct Answer: C) SEBI. 6. Which of the following types of accounts are known as 'Demat Accounts'? [IBPS 2011] A) Accounts in which shares of various companies are traded in electronic form. B) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there. C) Accounts which are operated through internet banking facility. D) Accounts which are Zero Balance Accounts. Show Answer Correct Answer: A) Accounts in which shares of various companies are traded in electronic form. 7. RBI has deregulated interest rate for savings accounts. What does it suggest? A) Customers will get the benefit of higher interest rates. B) Banks will have the right to fix their interest rates independently. C) Each bank will have their respective interest rates without the need to adhere to fixed interest rate common to all banks. D) Banks will decide interest rates for individual customers according to their savings. Show Answer Correct Answer: C) Each bank will have their respective interest rates without the need to adhere to fixed interest rate common to all banks. 8. The facility not available in the BSBDA is? A) Deposit amount. B) Withdrawing of cash. C) ATM Card. D) All above facilities are available. Show Answer Correct Answer: D) All above facilities are available. 9. Which type of remittances are received from abroad? A) Blockchain Remittance. B) Inward Foreign Remittance. C) Outward Foreign Remittance. D) None of the above. Show Answer Correct Answer: B) Inward Foreign Remittance. 10. Which of the following acts helps a bank in its day-to-day activities? A) Negotiable Instruments Act. B) Hindu Succession Act. C) Hindu Marriage Act. D) Competition Act. Show Answer Correct Answer: A) Negotiable Instruments Act. 11. NABARD (National Bank for Agriculture and Rural Development) established JLG to extract the productive capability from rural population. JLG stands for? A) Junior Link Group. B) Join Life Group. C) Joint Liability Group. D) Joint Line Group. Show Answer Correct Answer: C) Joint Liability Group. 12. When was ICICI bank founded? A) 1992. B) 1991. C) 1993. D) 1994. Show Answer Correct Answer: D) 1994. 13. Which of the following is not included in the estimates of National Income? A) Market rent of self owned house. B) Sale of collector's items. C) Addition to inventory, but not sale of the company's products. D) Cost of government services. Show Answer Correct Answer: B) Sale of collector's items. 14. Which of the following is the first Bank to introduce ATM? A) SBI. B) HSBC. C) ICICI Bank. D) Axis Bank. Show Answer Correct Answer: B) HSBC. 15. A debenture trust deed is an agreement between the company and the trustees to look after the interest of which of the following? A) Debenture holders. B) Issue managers. C) Debt holders. D) Noneof the above. Show Answer Correct Answer: A) Debenture holders. 16. Banks have the lowest lending levels in the.....part of India. A) Southern. B) Western. C) Central. D) North-Eastern. Show Answer Correct Answer: D) North-Eastern. 17. Type of exchange members who only buy and sell for their personal account are classified as which of the following? A) Professional traders. B) Non-investment traders. C) Investment traders. D) Commercial traders. Show Answer Correct Answer: A) Professional traders. 18. M/s XYZ company has got an order to supply Machinery to M/s ABC Co of Nigeria. Who has to get a Letter of Credit issued from a Bank? A) M/s ABC since they are the importers. B) M/s XYZ since they are the exporters. C) Both since they are the parties to the agreement. D) RBI since they regulate the Foreign Trade in India. Show Answer Correct Answer: A) M/s ABC since they are the importers. 19. As per the decision taken by the Govt of India, all the Public Sector Banks (PSBs) will be recapitalised over the next two years so that they can maintain a capital Adequacy Ratio (CAR) of..... A) 12%. B) 0.22. C) 11%. D) 9%. Show Answer Correct Answer: D) 9%. 20. Nachiket Mor committee has submitted its recommendations which are related to: A) Financial Inclusion. B) Macro Financing. C) Insider Trading. D) Micro Financing. Show Answer Correct Answer: A) Financial Inclusion. 21. The RBI has recently decided to withdraw from circulation of currency notes that had been issued before? A) 2005. B) 2006. C) 2004. D) 2008. Show Answer Correct Answer: A) 2005. 22. SEBI was established in A) 1993. B) 1988. C) 1990. D) 1992. Show Answer Correct Answer: B) 1988. 23. High powered money is..... A) Bank's reserves at central banks. B) All loans and advances of banks. C) Money held by banks. D) Currency held by public and reserves with the central bank. Show Answer Correct Answer: A) Bank's reserves at central banks. 24. What does WPI stand for? A) Wholesale Price India. B) Wholesale Price International. C) Wholesale Price Industrial. D) Wholesale Price Index. Show Answer Correct Answer: D) Wholesale Price Index. 25. Which of the following products launched by most ofthe banks helps farmers in getting instant credit for various agricultural purposes? A) Kissan Credit Card. B) Business loan. C) ATM Card. D) Personal Loan. Show Answer Correct Answer: A) Kissan Credit Card. 26. Many times we have read about ULIP in newspapers. ULIP stands for..... A) United Loaded Investment Plan. B) Unit Linked Insurance Plan. C) Universal Loan Investment Plan. D) Unit Life Insurance Plan. Show Answer Correct Answer: B) Unit Linked Insurance Plan. 27. Which of the following was the reason owing to which Govt wants Reserve Bank of India to tighten prudential norms for NBFCs? A) It is to protect NBFCs from any impact of possible economic slowdown. B) It is as per Bank for International Settlement (BIS) directives. C) It is as per Basel II requirements. D) To reduce liquidity in the market. Show Answer Correct Answer: A) It is to protect NBFCs from any impact of possible economic slowdown. 28. Which of the following term is used in banking and finance? A) Cathode. B) Diabetic. C) Equity. D) Obese. Show Answer Correct Answer: C) Equity. 29. The term 'BSR' refers to A) Annual returns submitted by banks to RBI in respect to priority sector advances. B) Quarterly statements of advance to agriculture. C) Basic Statistical Returns. D) Bank's selling Rate. Show Answer Correct Answer: C) Basic Statistical Returns. 30. Which of the following is/are the type of IDFs? A) IDF-MF. B) IDF-NBFC. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: C) Both 1 and 2. ← 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