This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 63 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 63 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Monetary Policy as an arm of the economic policy is administered by A) State Bank of India. B) Reserve Bank of India. C) Government of India. D) Governments of the respective states. Show Answer Correct Answer: B) Reserve Bank of India. 2. Which of these kinds of deposits can be offered by Banking Correspondents? A) Small Savings Accounts. B) Fixed Deposits. C) Recurring Deposits. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Open market operations of RBI refers to A) Buying and selling of securities. B) Trading in shares. C) Auctioning of treasury bills. D) Selling & purchasing of goods. Show Answer Correct Answer: A) Buying and selling of securities. 4. Many times we read the term 'ECB' in newspapers. What is the full form of 'ECB'? A) Essential Commercial Banking. B) External Commercial Borrowing. C) European Credit Borrowing. D) External Credit For Business. Show Answer Correct Answer: B) External Commercial Borrowing. 5. Which one of the following is a retail banking product? [IBPS 2012] A) Corporate term loans. B) Home Loans. C) Working capital finance. D) Infrastructure financing. Show Answer Correct Answer: C) Working capital finance. 6. Which of the following is related to factoring in NBFC-Factor? A) Money Market. B) Financial transaction. C) Financial inclusion. D) Non of the above. Show Answer Correct Answer: B) Financial transaction. 7. Which one of the following launched social security scheme for 'Gramin Dak Sevaks'? A) Ministry of Communications & IT. B) Ministry of Rural Infrastructure. C) Ministry of Economic Affairs. D) Ministry of Rural Development. Show Answer Correct Answer: A) Ministry of Communications & IT. 8. What is the full form of 'CORE' in core banking services? A) Centralized Online Realtime Exchange. B) Channel of Rupee Exchange. C) Customer Online Realtime Exchange. D) Centralized Online Rupee Exchange. Show Answer Correct Answer: A) Centralized Online Realtime Exchange. 9. When did the private companies got the permission to set up Mutual Funds? A) 1992. B) 1982. C) 1993. D) 1994. Show Answer Correct Answer: A) 1992. 10. The association of the rupee with pound sterling as the intervention currency was broken in A) 1992. B) 1993. C) 1990. D) 1991. Show Answer Correct Answer: A) 1992. 11. 'Growth with Stability' was the aim of which of the following Five Year Plans? A) Third Plan. B) Fifth Plan. C) Fourth Plan. D) Second Plan. Show Answer Correct Answer: C) Fourth Plan. 12. Who heads the Board for Payment and Settlement Systems? A) RBI Deputy Governor. B) Person appointed by Union Government. C) Chief Financial Officer. D) RBI Governor. Show Answer Correct Answer: D) RBI Governor. 13. The term RS.Merchant Bank' is used in whivh of the following countries? A) United Kingdom. B) India. C) United States of America. D) France. Show Answer Correct Answer: A) United Kingdom. 14. When was the first law, regulating the working of cooperative societies, was promulgated by British India Government? A) 1904. B) 1907. C) 1908. D) 1902. Show Answer Correct Answer: A) 1904. 15. Banks make frequent changes in their product profile including introduction of new products etc. This is called A) Product enhancement. B) Product enrichment. C) Product marketing. D) Product Control. Show Answer Correct Answer: A) Product enhancement. 16. When was HDFC bank established? A) 1994. B) 1996. C) 1991. D) 1993. Show Answer Correct Answer: A) 1994. 17. Which of the following acts as the first line of defense for India in case of economic slowdown? A) Gold reserves. B) Securities. C) Foreign-exchange reserves. D) Currency. Show Answer Correct Answer: C) Foreign-exchange reserves. 18. The word NELP is associated with..... A) Communication. B) Discovery of Oil & Natural Gas. C) National Highway extension. D) Space research. Show Answer Correct Answer: B) Discovery of Oil & Natural Gas. 19. On the recommendations of which of the following committees Regional Rural Banks (RRB) were established? A) Tarpore Committee. B) Karmakar Committee. C) Narasimham Committee. D) Kelker Committee. Show Answer Correct Answer: C) Narasimham Committee. 20. The savings bank account that does not operate for more than 24 months, then the acount is called? A) Demat account. B) Dormant account. C) Inactive amount. D) Inoperative account. Show Answer Correct Answer: B) Dormant account. 21. In banking parlance, 'Sub-prime' refers to A) Landing by banks at rates below PLR. B) Funds raised by banks at sub-libor rates. C) Group of banks which are not rated as prime banks as per bankers almanac. D) Lendingdone by banks/FIs to customers not meeting with normally required credit appraisal standards. Show Answer Correct Answer: D) Lendingdone by banks/FIs to customers not meeting with normally required credit appraisal standards. 22. In which of the following NBFCs, institutional investors can be sponsored by commercial banks and NBFCs? A) Loan Companies. B) IFC. C) Systemically Important Core Investment Company. D) Infrastructure Debt Fund. Show Answer Correct Answer: D) Infrastructure Debt Fund. 23. Who decided on the quantity of coins to be minted? A) The Government of India. B) RBI. C) Either 1 or 2. D) All of the above. Show Answer Correct Answer: A) The Government of India. 24. Which country Bank Pasargad belongs to? A) Germany. B) Iran. C) Sweden. D) Russia. Show Answer Correct Answer: B) Iran. 25. The best alternative banking service to branch banking to be the part of financial inclusion? A) Establishment of small branches. B) Set-up ATMs. C) Issuing of ATM cards. D) Mobile banking. Show Answer Correct Answer: D) Mobile banking. 26. Which of the following is a retail banking product? A) Working capital finance. B) Corporate term loans. C) Infrastructure financing. D) Home loans. Show Answer Correct Answer: D) Home loans. 27. A bill of exchange contains which of the following? A) Unconditional order. B) Conditional order. C) Conditional undertaking. D) Unconditional undertaking. Show Answer Correct Answer: A) Unconditional order. 28. Reserve Bank of India on 20 January 2014 constituted an Expert Committee to Review Governance of Bank Boards in India. The expert committee will be chaired by? A) H.R. Khan. B) P.J. Nayak. C) K.C. Chakrabarty. D) Urjit R. Patel. Show Answer Correct Answer: B) P.J. Nayak. 29. Which of the following is another name for Self help groups? A) Mutual aid. B) Support groups. C) Groups of people. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. What was the targeted growth rate for 2012-17 in the 12th Five Year Plan? A) 9.60%. B) 10-11%. C) 9.5-9.75%. D) 8%. Show Answer Correct Answer: D) 8%. ← 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