This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 68 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 68 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who is the Chairman of ISRO at present? A) Rakesh Sood. B) Pradeep Kumar. C) K. Radhakrishnan. D) A.S. Kiran Kumar. Show Answer Correct Answer: D) A.S. Kiran Kumar. 2. Adequacy of bank's liquidity position depends upon..... A) Source of funds. B) Anticipated future funding needs. C) Present and future earnings capacity. D) All of above. Show Answer Correct Answer: A) Source of funds. 3. Sales above Break even point is called..... A) Gross Profit. B) B & C. C) Margin of Safety. D) Net profit. Show Answer Correct Answer: C) Margin of Safety. 4. Planned expenditure in India is made from..... A) Internal debt and other resources. B) Assistance from IMF. C) Assistance from ADB. D) A, B and C. Show Answer Correct Answer: A) Internal debt and other resources. 5. Which of the following assets are considered as near money? A) Bond. B) Equity Shares. C) Time deposits. D) All of above. Show Answer Correct Answer: D) All of above. 6. Which of the following does the most to reduce default risk for futures contracts? A) High liquidity. B) Flexible delivery arrangements. C) Marking to market. D) Credit checks for both buyers and sellers. Show Answer Correct Answer: C) Marking to market. 7. Which of the following was the reason to establish Liberalised Remittance Scheme? A) To permit citizens of India to transfer funds abroad for permitted current or capital account transactions. B) To permit foreigners to transfer funds abroad for permitted current or capital account transactions. C) To permit NRI to transfer funds to India for permitted current or capital account transactions. D) None of the above. Show Answer Correct Answer: A) To permit citizens of India to transfer funds abroad for permitted current or capital account transactions. 8. Which state has the highest number of RRBs in India? A) Bihar. B) West Bengal. C) Uttar Pradesh. D) Maharashtra. Show Answer Correct Answer: C) Uttar Pradesh. 9. What is the purpose of Ways and Means Advances scheme? A) To give insurance to the large corporates for their investment in abroad projects. B) To handle the mismatch between cash flow of the receipts and payments of the State Governments. C) To promote export oriented projects by giving interest free credit. D) None of the above. Show Answer Correct Answer: B) To handle the mismatch between cash flow of the receipts and payments of the State Governments. 10. A merchant bank is a financial institution conducting money market activities and which of the following? A) Lending. B) Underwriting and financial advice. C) Investment service. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. Which of the following cannot be endorsed? A) Fixed deposit receipt. B) Promissory note. C) Cheque. D) Bank draft. Show Answer Correct Answer: A) Fixed deposit receipt. 12. Who among the following first launched self Help Group (SHG) Bank Linkgage programme? A) NABARD. B) RBI. C) RRBs. D) SBI. Show Answer Correct Answer: A) NABARD. 13. Money deposited with the bank becomes a debt due A) From the banker. B) From the customer. C) To the customer. D) Either A and B. Show Answer Correct Answer: B) From the customer. 14. Govt shareholding in public sector banks cannot be below A) 74%. B) 76%. C) 51%. D) 33%. Show Answer Correct Answer: C) 51%. 15. Which of the following is not the part of prudential guidelines issued by Reserve Bank of India? A) Income recognition. B) Asset classification. C) Provisioning. D) Loan recovery rules. Show Answer Correct Answer: D) Loan recovery rules. 16. How many banks in India have joined the international telecommunication network of SWIFT? A) 46. B) 249. C) 19. D) 28. Show Answer Correct Answer: A) 46. 17. 'Gold Tranche' refers to..... A) A credit system granted by IMF to its members. B) A loan system of the World Bank. C) A credit system granted by WTO to its members. D) One of the operations of a Central Bank. Show Answer Correct Answer: A) A credit system granted by IMF to its members. 18. What is the Statutory Liquidity Ratio (SLR) at present? A) 0.24. B) 18%. C) 20%. D) 14%. Show Answer Correct Answer: A) 0.24. 19. What is India's present Credit Ratings? A) Baa3. B) Baa1. C) AAA. D) Baa2. Show Answer Correct Answer: D) Baa2. 20. Increase in Bank rate is generally followed by..... A) An increase in market rates of interest. B) A fall in market rates of interest. C) A rise only in the deposit rates but not the lending rates. D) A rise only in the base rates. Show Answer Correct Answer: A) An increase in market rates of interest. 21. Which of the following is not an objective of fiscal policy of Government of India? A) Price Stability. B) Full Employment. C) Equal distribution of Income and Wealth. D) Regulation of Inter State Trade. Show Answer Correct Answer: D) Regulation of Inter State Trade. 22. Where is the headoffice of Indian Overseas Bank located? A) Patna. B) Chennai. C) Madurai. D) Gurgaon. Show Answer Correct Answer: B) Chennai. 23. What is meant by a Scheduled Bank? A) A Bank authorised to do Banking functions. B) A Bank functioning under provisions of Banking Regulation Act. 1949. C) A Bank included in 2nd schedule of RBI Act 1934. D) A Bank incorporated under Banking Companies Act. 1956. Show Answer Correct Answer: C) A Bank included in 2nd schedule of RBI Act 1934. 24. Which entity regulates and supervises NBFCs? A) RBI. B) Ministry of Finance. C) SEBI. D) NABARD. Show Answer Correct Answer: A) RBI. 25. Expand the term FSDC, which is used in financial sector. A) Financial Security and Development Council. B) Financial Stability and Development Council. C) Fiscal Security and Development Council. D) Fiscal Stability and Development Council. Show Answer Correct Answer: B) Financial Stability and Development Council. 26. A debit card holder cannot perform which of the following functions? A) Make Point of Sale (POS) purchase. B) Recharge pre-paid mobile phones. C) Pay Life insurance premium. D) None of the above. Show Answer Correct Answer: D) None of the above. 27. Which of the following defines "issue" in Risk and Issue management? A) Something that has happened or a current problems. B) Something that hasn't happened yet but has some probability of occurring. C) Potential future problems. D) None of the above. Show Answer Correct Answer: A) Something that has happened or a current problems. 28. As per the guidelines issued by RBI, all NBFC-MFIs should maintain an aggregate margin cap of not more than how much percent? A) 9 per cent. B) 10 per cent. C) 12 per cent. D) 8 per cent. Show Answer Correct Answer: C) 12 per cent. 29. Lead bank scheme was initiated by which of the following? A) KP Group. B) Ghosh committee. C) Bhagwati committee. D) Gadgil Study Group. Show Answer Correct Answer: D) Gadgil Study Group. 30. What is the full form of NRE account? A) National Rural External account. B) National Resident External account. C) Non Resident External account. D) None of the above. Show Answer Correct Answer: C) Non Resident External account. ← 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