This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 67 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 67 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which schedule are the scheduled banks of India listed in the RBI Act, 1934? A) 3rd. B) 2nd. C) 1st. D) 4th. Show Answer Correct Answer: B) 2nd. 2. Contractual savings institutions include..... A) Commercial banks & thrifts. B) Finance companies and mutual funds. C) Life insurance companies and pension funds. D) All of above. Show Answer Correct Answer: C) Life insurance companies and pension funds. 3. Which sectors of Indian Economy contributes largest to the gross national product? A) Public sector. B) Secondary sector. C) Primary sector. D) Tertiary sector. Show Answer Correct Answer: D) Tertiary sector. 4. Who has been given the power under the Banking Regulation Act 1949 to grant license to banks? A) RBI. B) State Government. C) Central Government. D) All of the above. Show Answer Correct Answer: A) RBI. 5. In investing its Foreign Assets, RBI is guided by three principles .Which of the following are those principles? A) Safety. B) Liquidity. C) Return. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. To work as an underwriter in India, a certificate of registration must be obtained from which of the following institutions? A) SEBI. B) SBI. C) CIBIL. D) RBI. Show Answer Correct Answer: A) SEBI. 7. When a banker talks about CDR, what is he talking about? A) Corporate Deposit Restructuring. B) Corporate Debt Rollover. C) Company Debt Rollover. D) Corporate Debt Restructuring. Show Answer Correct Answer: D) Corporate Debt Restructuring. 8. An unsecured loan extended by one corporate to another is called A) Commercial papers. B) Certificates of deposits. C) Treasury bill. D) Inter-corporate deposits. Show Answer Correct Answer: D) Inter-corporate deposits. 9. With regard to the Export Policy of the Government of India, which of the following statements is correct? A) All commodities can be exported without licence. B) Export licenses are required for only a few items. C) Export licenses are required for all items. D) All of the above. Show Answer Correct Answer: B) Export licenses are required for only a few items. 10. The main objective(s) of National Housing Bank is/are A) To promote and develop specialised housing finance institutions for mobilisation of resources and extending finance for housing activities. B) To extend refinance facilities to housing finance institutions and to scheduled banks. C) To provide guarantee and underwriting facilities of housing finance institutions. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. IPO issue management is also known as which of the following? A) Moving public. B) Action public. C) Going public. D) None of the above. Show Answer Correct Answer: C) Going public. 12. The Ministerial Conference of World Trade Organisation (WTO) in was held in A) Japan. B) Mexico. C) Indonesia. D) Canada. Show Answer Correct Answer: C) Indonesia. 13. Which of the following portals has been launched by SEBI to enable investors to post their complains and for its follow up? A) SCORES. B) Happy Times. C) Aadhar. D) MORE. Show Answer Correct Answer: A) SCORES. 14. Which of the following is not a negotiable instrument? [Indian Overseas Bank 2011] A) Cheque. B) Pay order. C) Bill of Exchange. D) All are negotiable instruments. Show Answer Correct Answer: D) All are negotiable instruments. 15. What is/are the main aim of financial inclusion? A) To maintain a certain quantity of liquid assets with themselves at any point of time of their total time and. B) To control money supply in the economy. C) To provide basic banking services to all section of society in urban areas or rural areas at affordable cost. D) Both A and B. Show Answer Correct Answer: C) To provide basic banking services to all section of society in urban areas or rural areas at affordable cost. 16. Which of the following schemes is not meant for investment purposes? A) Mutual funds. B) National savings certificates. C) Letter of credit. D) Infrastructure bonds. Show Answer Correct Answer: C) Letter of credit. 17. Mixed Economy means A) Co-existence of small and large industries. B) Promoting both agriculture and industries in the economy. C) Co-existence of public and private sectors. D) Co-existence of the rich and the poor. Show Answer Correct Answer: C) Co-existence of public and private sectors. 18. What do we call an unconditional order to pay a certain amount on an agreed date? A) Promissory note. B) Bill of exchange. C) Money order. D) None of the above. Show Answer Correct Answer: B) Bill of exchange. 19. The power of the commercial banks to expand deposits through expanding their loans and advances is known as..... A) Capital Expansion. B) Credit Expansion. C) Credit control. D) Credit Creation. Show Answer Correct Answer: D) Credit Creation. 20. SLR is maintained by banks on which of the following A) Demand and Time Deposits. B) Net Demand and Time Deposits. C) Demand and Time Liabilities. D) Net Demand and Time Liabilities. Show Answer Correct Answer: D) Net Demand and Time Liabilities. 21. The Reserve Bank of India does not print currency notes of the denomination of Rs A) 3, 000. B) 20. C) 50. D) 1, 000. Show Answer Correct Answer: A) 3, 000. 22. The tag line 'A friend you can bank on' is of which bank? A) Bank of Maharashtra. B) Vijaya Bank. C) Bank of Baroda. D) UCO Bank. Show Answer Correct Answer: B) Vijaya Bank. 23. Which of the following microfinance institution is Universal Bank? A) SKS Microfinance Private Ltd. B) Disha Microfinance Private Ltd. C) Arohan Financial Services Private Ltd. D) Bandhan Financial Services Private Ltd. Show Answer Correct Answer: D) Bandhan Financial Services Private Ltd. 24. In the term of economics, the recession occuring two times with a small gap in between is known as A) Double Dip Recession. B) Deflation. C) Deep Recession. D) Double Deflation. Show Answer Correct Answer: D) Double Deflation. 25. Banking ombudsman is appointed by A) Union government. B) RBI. C) Respective state government. D) Exim bank. Show Answer Correct Answer: B) RBI. 26. In the term STRIPS, the first letter 'S' denotes A) Single. B) Small. C) Special. D) Separate. Show Answer Correct Answer: D) Separate. 27. As per the news published in various newspapers, the RBI has given its permission for cash withdrawal at "POS terminals". What is the full form of "POS"? A) Point of Sale. B) Potential of Service. C) Permission of Sale. D) Permitted on Sale. Show Answer Correct Answer: A) Point of Sale. 28. Which of the following is correct regarding the Gross Domestic Saving in India? A) Contribution of household sector is the largest. B) Contribution of govt. sector is the largest. C) Contribution of corporate sector is the largest. D) All of the above. Show Answer Correct Answer: A) Contribution of household sector is the largest. 29. With reference to a cheque which of the following is the "drawee bank"? [IBPS 2012] A) The bank upon which the cheque is drawn. B) The payee's bank. C) The endorsee's bank. D) The bank that collects the cheque. Show Answer Correct Answer: A) The bank upon which the cheque is drawn. 30. As per Section 31 of the RBI, who can issue and accept promissory notes that are payable on demand in India? A) RBI. B) Central Government. C) Both A and B. D) None. Show Answer Correct Answer: C) Both A and B. ← 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