This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 66 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 66 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is incorrect with regard to powers of RBI A) Holds cash reserve banks. B) Controls banking system through licensing. C) Supervises Banking system through inspection. D) None of these. Show Answer Correct Answer: D) None of these. 2. Liberalised Remittance Scheme is not applicable to which of the following? A) Corporates. B) Partnership firms. C) HUF. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Who was the first Governor of Reserve Bank of India? A) Sir James Taylor. B) Sir Osborne Smith. C) Sir Vincent Eyre. D) Reginald Macdonald. Show Answer Correct Answer: B) Sir Osborne Smith. 4. A non-performing asset is . A) Money at call and short notice. B) An asset that ceases to generate income. C) Cash balance in till. D) Cash balance with RBI. Show Answer Correct Answer: B) An asset that ceases to generate income. 5. What are 'Open Market Operations"? A) Activities of SEBI-registered brokers. B) Selling of currency by the RBI. C) Selling of gilt-edged securities by the government. D) Sale of share by FIIs. Show Answer Correct Answer: C) Selling of gilt-edged securities by the government. 6. What is NOT a source of difficulty in the estimation of the impact of microfinance projects? A) We do not observe what would have happened in absence of the microfinance project. B) Participants systematically differ from non participants in their propensity to benefit frommicro-loans. C) Microfinance programs are not located randomly, they are often located in disfavoredareas. D) Microfinance programs are often targeted to women. Show Answer Correct Answer: D) Microfinance programs are often targeted to women. 7. What do we call the official interest rate at which RBI provides loans to the banking system? A) Reverse repo rate. B) SLR. C) CRR. D) Bank rate. Show Answer Correct Answer: D) Bank rate. 8. Which of the following is also known as Bank owned ATM? A) On site ATM. B) Green label ATM. C) White label ATM. D) Brown label ATM. Show Answer Correct Answer: C) White label ATM. 9. If a complaint is not settled by an agreement within a period of.....month, the Banking Ombudsman proceeds further to pass an Award. A) 1. B) 12. C) 4. D) 2. Show Answer Correct Answer: A) 1. 10. For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank? A) 20%. B) 60%. C) 30%. D) 40%. Show Answer Correct Answer: D) 40%. 11. Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact? A) More liquidity in the market. B) No change in the liquidity in the market. C) Mobilization of more deposits by commercial-banks. D) Less liquidity in the market. Show Answer Correct Answer: A) More liquidity in the market. 12. The majority of Central Government enterprises belong to the..... A) Public limited companies. B) Private limited companies. C) Public corporations. D) Departmental organisations. Show Answer Correct Answer: A) Public limited companies. 13. Which one of the following constitutes the largest percentage of Retail loans in India? A) Personal loans. B) Auto loans. C) Consumer loans. D) Home loans. Show Answer Correct Answer: D) Home loans. 14. What is meant by 'Underwriting' the term frequently used in financial sector? A) Under valuation of the assets. B) The Act of taking on a risk. C) Giving a Guarantee that a loan will not become a bad loan. D) All of the above. Show Answer Correct Answer: B) The Act of taking on a risk. 15. What is Call Money? [BOB 2008] A) Money borrowed for more than one day but up to 7 days. B) Money borrowed for more than one day but up to 3 days. C) Money borrowed for more than one day but up to 14 days. D) Money borrowed or lent for a day or overnight. Show Answer Correct Answer: D) Money borrowed or lent for a day or overnight. 16. Any act of interference by a Central Bank like the RBI in influencing the exchange rate is referred to as which of the following in India? A) Managed Floats. B) Market Stabilization Floats. C) Dirty Floats. D) Fixed Floats. Show Answer Correct Answer: A) Managed Floats. 17. Full form of ERNET is A) England's Remote Network. B) Engineering and Research Network. C) Educational and Research Network. D) External and Regular Network. Show Answer Correct Answer: C) Educational and Research Network. 18. The most important source of financing the State Government's Gross Fiscal Deficit (GFD) in India has been..... A) Loans from financial institutions. B) Loans from provident funds and reserve funds. C) Loans from central government. D) Market borrowings. Show Answer Correct Answer: C) Loans from central government. 19. Banks are not likely to give loans against which of the following? A) Fixed deposits. B) Shares of blue chip companies. C) Gold and silver jewellery. D) None of the given options is true. Show Answer Correct Answer: D) None of the given options is true. 20. "Claused Bill of Landing" is one which indicates: A) Remaining constant in project cost. B) Decrease in Project Cost. C) Escalation in Project Cost. D) None of the above. Show Answer Correct Answer: C) Escalation in Project Cost. 21. What is the normal time period range for factoring in India? A) 70-80 days. B) 90-150 days. C) 90-120 days. D) 80-90 days. Show Answer Correct Answer: B) 90-150 days. 22. Which of the following does not qualify as priority sector lending? A) Agricultural lending. B) Education loans. C) Auto loans. D) Loans to small scale sector. Show Answer Correct Answer: C) Auto loans. 23. Call money is related to A) Share Market. B) Post Office Deposit. C) Government Securities. D) Banks Deposit. Show Answer Correct Answer: A) Share Market. 24. Who amongst the following is NOT a famous economist? A) Octavio Paz. B) Muhammad Yunus. C) Peter A Diamond. D) Amartya Sen. Show Answer Correct Answer: A) Octavio Paz. 25. The UTI was established in A) 1972. B) 1976. C) 1956. D) 1964. Show Answer Correct Answer: D) 1964. 26. The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is A) NHB. B) IIBI. C) IDBI. D) SIDBI. Show Answer Correct Answer: A) NHB. 27. The lowering of Bank Rate by the Reserve Bank of India leads to A) No change in the liquidity in the market. B) More liquidity in the market. C) Less liquidity in the market. D) Mobilization of more deposits by commercial banks. Show Answer Correct Answer: B) More liquidity in the market. 28. CASA ratio is the ratio of deposits in which accounts of a bank to its total deposits? A) Current account. B) Saving account. C) Recurring accounts. D) Both A & B. Show Answer Correct Answer: D) Both A & B. 29. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy, means A) Sale or purchase of Govt. securities. B) Issuance of different types of bonds. C) Auction of gold. D) To make available direct finance to borrowers. Show Answer Correct Answer: A) Sale or purchase of Govt. securities. 30. Financial inclusion means provision of [IBPS 2011] A) Financial services, namely, payments, remittances, savings, loans and insurence at affordable cost to persons not yet given the same. B) Ration at affordable cost to persons not yet given the same. C) House at affordable cost to persons not yet given the same. D) Food at affordable cost to persons not yet given the same. Show Answer Correct Answer: A) Financial services, namely, payments, remittances, savings, loans and insurence at affordable cost to persons not yet given the same. ← 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