This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 64 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 64 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following is not a liability of commercial banks? A) Time deposits. B) Borrowing from Central Bank. C) Security holdings. D) Demand deposits. Show Answer Correct Answer: C) Security holdings. 2. What were the correct locations of three presidency banks during British India? A) Surat, Madras, Bombay. B) Calcutta, Madras, Bombay. C) Surat, Calcutta, Madras. D) Bombay, Calcutta, Surat. Show Answer Correct Answer: B) Calcutta, Madras, Bombay. 3. The RBI has helped to finace India's foreign Trade through..... A) SBI. B) IDBI. C) EXIM Bank. D) NABARD. Show Answer Correct Answer: C) EXIM Bank. 4. Which of the following were considered to be compelling reasons for bank Nationalization? A) Concentration of wealth and economic power in the hands of industrialists and business. B) Branch expansion was confined to urban areas and rural area were being neglected. C) Sectors like agriculture small scale industries and the other deserving sectors were outside the purview of bank lending operations. D) Above all. Show Answer Correct Answer: D) Above all. 5. For filing and resolving customer complaints, the Banking Ombudsman A) Does not charge any fee. B) Charges a fee of Rs. 1000. C) Charges a fee of Rs. 500. D) Charges a fee of Rs. 1500. Show Answer Correct Answer: A) Does not charge any fee. 6. For which of the following reasons, NABARD has set up joint liability groups (JLG) of farmers? [Allahabad Bank 2011] A) To facilitate delivery of credit to farmers. B) To facilitate better delivery of credit to farmers through informal sources. C) To facilitate better delivery of credit to share croppers and those who do not have their own land. D) To facilitate better delivery of credit to farmers through Panchayats. Show Answer Correct Answer: C) To facilitate better delivery of credit to share croppers and those who do not have their own land. 7. Which of the following mutual funds solely invests in stocks? A) Money Market Mutual Fund. B) Fixed Income Fund. C) Equity Fund. D) Bond Fund. Show Answer Correct Answer: C) Equity Fund. 8. Which bank has the lowest interest rate for Home loans in India? A) HDFC. B) ICICI. C) SBI. D) RBI. Show Answer Correct Answer: C) SBI. 9. Reserve Bank has permitted RRBs for opening/maintaining non-residents (ordinary/external) accounts in rupees and for acceptance of FCNR (2) deposits subjects to the condition that A) The bank should have a positive net worth and earned net profit during the preceding year. B) The bank should not have defaulted in maintenance of CRR/SLRrequirements on more than three occasions during the preceding 2 years. C) Net NPA level of the bank should not exceed 5% of the outstanding advances as on 31st March of the preceding year. D) All of these. Show Answer Correct Answer: D) All of these. 10. RBI has introduced Inflation Indexed Bond which have the locking period of: A) 5 years. B) 20 years. C) 15 years. D) 10 years. Show Answer Correct Answer: D) 10 years. 11. Which of the following maintains the RIDF (Rural Infrastructure Development Fund)? A) SIDBI. B) RBI. C) IDBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 12. Which commission distributes the taxes between centre and states? A) Board of Direct Taxes. B) National Development Counsel. C) NITI Ayog. D) Finance Commission. Show Answer Correct Answer: D) Finance Commission. 13. Which bank launches first homegrown economic index? A) PNB. B) SBI. C) BOB. D) ICICI. Show Answer Correct Answer: B) SBI. 14. Who among the following has pointed out the contradictory nature of the terms RS.RS.self-help" and RS.RS.support" ? A) Michael K. Bartalos. B) C. Everett. C) Thomas Bent. D) None of the above. Show Answer Correct Answer: A) Michael K. Bartalos. 15. Which of the following is not a fee-based financial service? A) Corporate counseling. B) Profit management. C) Lease financing. D) Issue management. Show Answer Correct Answer: C) Lease financing. 16. Payment of a cheque cannot be made on a cash counter of bank, if the cheque is..... A) Bearer. B) Cross. C) Order. D) All of above. Show Answer Correct Answer: B) Cross. 17. Priority Sector does not includes the..... A) Life Insurance Policy. B) Housing loans. C) Education Loans. D) Agricultural Finance. Show Answer Correct Answer: A) Life Insurance Policy. 18. Interest on Savings deposit nowadays is . A) Fixed by RBI. B) Fixed by the respective Banks. C) Fixed by the Depositors. D) Fixed as per the contract between Bank and the Consumer Court. Show Answer Correct Answer: B) Fixed by the respective Banks. 19. As per the reports published in various newspapers, RBI has asked banks to make a plan to provide banking services to all villages having a population of 2000. This directive issued by the RBI will fall in which of the following categories? [Corporation Bank 2010] A) Plan for Financial Inclusion. B) Efforts to meet the targets of Priority Sector Lending. C) Extension of Relief Packages to the Farmers. D) Extension of Internet and Branchless Banking. Show Answer Correct Answer: A) Plan for Financial Inclusion. 20. In which of the following accounts, shares and securities are held in dematerialized form? A) Savings account. B) Salary account. C) Demat account. D) Current account. Show Answer Correct Answer: C) Demat account. 21. Government securities with terms of more than 1 year are called A) Treasury bills. B) Government bonds. C) Capital bills. D) Bills of exchange. Show Answer Correct Answer: B) Government bonds. 22. When were the Local Area Banks were set up first in India? A) 1998. B) 1995. C) 1996. D) 1994. Show Answer Correct Answer: C) 1996. 23. Which of the following Acts was framed to deal more effectively specially with the problem of Non-Performing Assets in banking system? A) Foreign Exchange Management Act. B) Industrial Dispute Act. C) Banking Regulation Act. D) SARFAESI ACT. Show Answer Correct Answer: D) SARFAESI ACT. 24. In banking terminology bad loans refer to..... A) Fictitious assets. B) Non Performing assets. C) Underwriting assets. D) Bad debts. Show Answer Correct Answer: B) Non Performing assets. 25. According to Reserve Bank of India's latest study, which one of the following states ranks as the best performing state in most of the key fiscal parameters? A) Odisha. B) Gujarat. C) Chhattisgarh. D) Kerala. Show Answer Correct Answer: C) Chhattisgarh. 26. Which of the following is true about RBI's decision regarding sick micro and small enterprises? A) RBI also suggested if there is erosion in the net worth due to accumulated losses to the extent of 50 percent of its net worth during the previous accounting year. B) The stipulation that the unit should have been in commercial production for at least two years has been removed. C) RBI has suggested that an MSE is considered 'sick' when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more. D) These guide lines made on recommendations of the working group chaired by Deputy Governor K. C. Chakrabarty. Show Answer Correct Answer: C) RBI has suggested that an MSE is considered 'sick' when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more. 27. The World Bank sanctioned Rs. 18, 000 crores to which of the following states for its Poverty Alleviation Programme? A) Maharashtra. B) Gujarat. C) Uttar Pradesh. D) Karnataka. Show Answer Correct Answer: C) Uttar Pradesh. 28. Where is the printing press of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. Located? A) Mysore. B) Salboni. C) Both A and B. D) None of the above. Show Answer Correct Answer: C) Both A and B. 29. The origin of the State Bank of India goes back to the first decade of the 19th century with the establishment of A) Bank of Bombay. B) Bank of Calcutta. C) Bank of Madras. D) Bank of Bengal. Show Answer Correct Answer: B) Bank of Calcutta. 30. .....do not attract TDS A) Fixed deposits. B) Reinvestment deposits. C) Recurring deposits. D) NRO FDR. Show Answer Correct Answer: C) Recurring deposits. ← 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