This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 69 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 69 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following agencies/organisations in India maintains the Micro Finance Development and Equity Fund which was in news recently? A) Confederation of Industries in India (CII). B) Indian Bank's Association (IBA). C) Small Industries Development Bank of India (SIDBI). D) National Bank for Agriculture and Rural Development (NABARD). Show Answer Correct Answer: D) National Bank for Agriculture and Rural Development (NABARD). 2. Which of the following organisations/agencies has asked all the banks in India to form customer service panels at branch levels? A) Supreme Court of India. B) Securities & Exchange Board of India (SEBI). C) Indian Banks' Association. D) Reserve Bank of India (RBI). Show Answer Correct Answer: D) Reserve Bank of India (RBI). 3. India on 2 January 2014 has signed a credit agreement of 160 million dollar with World Bank for the modernization of A) Rajasthan Road Sector. B) West Bengal Road Sector. C) Uttar Pradesh Road Sector. D) Bihar Road Sector. Show Answer Correct Answer: A) Rajasthan Road Sector. 4. The banker is under an obligation to take utmost care in keeping secrecy of the details of the customer. However, the obligation of secrecy is not considered essential when A) A banker is required to give evidence in the court. B) There is national emergency and disclosure is essential in the public interest. C) There are clear proofs of reason to the state and when consent is given by the customer to provide information for the preparation of balance sheet. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Real Time Gross Settlement System means a payment system in which A) Both processing and final settlement of funds transfer instructions can take place continuously. B) Final transaction takes place at the end of the day. C) Final payment is physically effected within 24 hours. D) Final settlement of funds take place at 3 PM daily. Show Answer Correct Answer: A) Both processing and final settlement of funds transfer instructions can take place continuously. 6. "One Family One Bank" tagline is associated with a PSB Bank. The Public Sector Bank (PSB) in the Question is A) Corporation Bank. B) Bank of Maharashtra. C) Canara Bank. D) Bank of India. Show Answer Correct Answer: B) Bank of Maharashtra. 7. "De-Mat" account is regulated by A) IRDA. B) RBI. C) SBI. D) SEBI. Show Answer Correct Answer: D) SEBI. 8. Which of the following is considered an informal method of getting credit/finance? A) Going to moneylenders. B) Branch visits. C) Telebanking. D) Internet banking. Show Answer Correct Answer: A) Going to moneylenders. 9. Any note, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable is a/an A) Mismatched note. B) Mutilated note. C) Soiled note. D) Imperfect note. Show Answer Correct Answer: D) Imperfect note. 10. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was set up by Government of India and which of the following bank? A) SIDBI. B) RBI. C) MUDRA. D) NABARD. Show Answer Correct Answer: A) SIDBI. 11. Nationalised banks have been permitted to offer their equity shares to the public to the extent of 49% of their capital as per amendments made in 1994, in A) Banking Regulation Act, 1949. B) Banking Companies (Acquisition and Transfer of Undertakings) Acts 1970/1980. C) RBI Act, 1935. D) Nationalisation of Banks Act, 1980. Show Answer Correct Answer: B) Banking Companies (Acquisition and Transfer of Undertakings) Acts 1970/1980. 12. How much amount has been allocated to for irrigation plan named Pradhan mantri krishi sichayin yojana, in the recent Union Budget 2014-15? A) Rs. 200 Crore. B) Rs. 500 Crore. C) Rs. 1000 cr. D) Rs. 100 Crore. Show Answer Correct Answer: C) Rs. 1000 cr. 13. Which of the following key rate has not been altered by RBI since 2003? A) Bank rate. B) Statutory liquidity ratio. C) Cash reserve ratio. D) None of the given options is true. Show Answer Correct Answer: D) None of the given options is true. 14. Who among the following can issue commercial papers in India? A) Corporates. B) Primary dealers. C) All India financial institutions. D) All of above. Show Answer Correct Answer: D) All of above. 15. Which institution has been recognized by RBI recently to act as local operating unit for issuing globally compatible legal entity identifiers (LEI) in India? A) Clearing Corporation of India Ltd. B) Financial Stability Board. C) India Inc. D) FICCI. Show Answer Correct Answer: A) Clearing Corporation of India Ltd. 16. Which of the following means of lending is considered as a priority sector loan? A) Loan for purchase of gold for marriage of daughter. B) Loan for purchase of tractor. C) Car loan. D) Housing loan. Show Answer Correct Answer: B) Loan for purchase of tractor. 17. The Reserve Bank of India governs the foreign exchange reserves under the legal provisions of which of the following Acts? A) RBI Act 1951. B) RBI Act 1935. C) RBI Act 1934. D) RBI Act 1949. Show Answer Correct Answer: C) RBI Act 1934. 18. According to the guidelines, the Reserve Bank of India will consider proposals for merger and amalgamation of urban cooperative banks when A) The net worth of the acquired bank is positive and the acquirer bank assures to protect entire deposits of all the depositors of the acquired bank. B) The net worth of acquired bank is negative, but the acquirer bank on its own assures to protect deposits of all the depositors of the acquired bank. C) The net worth of the acquired bank is negative and the acquirer bank assures to protect the deposits of all the depositors with financial support from the State Government extended up front as part of the process of merger. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Under what circumstances, can the bank close a partnership account? A) Death of partner. B) Retirement of a partner. C) Insolvency of a partner. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Nationalization of banks aimed at all of the following except..... A) Provision of adequate credit for agriculture, SME and exports. B) Removal of control by a few capitalists. C) Provision of credit to big industries only. D) Access of banking to masses. Show Answer Correct Answer: B) Removal of control by a few capitalists. 21. Which one of the is PMJDY related to? A) Bank. B) Financial inclusion. C) Female education. D) Literacy. Show Answer Correct Answer: B) Financial inclusion. 22. Devaluation of currency results in..... A) Increased export and import. B) Trade deficit. C) Increased export and improvement in balance of payment. D) Increased import & foreign reserve deficiency. Show Answer Correct Answer: C) Increased export and improvement in balance of payment. 23. In the case of FCNR Accounts the payment of Interest is effected in..... A) Indian Rupee. B) Only in pound. C) Same currency in which deposit stands. D) Yen. Show Answer Correct Answer: C) Same currency in which deposit stands. 24. NBFC-Factor is related to which of the following businesses? A) Insurance. B) Deposit. C) Non-deposit. D) None of the above. Show Answer Correct Answer: C) Non-deposit. 25. The Tagline "Where every individual is committed" is associated with which of the following Banks? A) Punjab National Bank. B) Indian Overseas Bank. C) Syndicate Bank. D) Oriental Bank of Commerce. Show Answer Correct Answer: D) Oriental Bank of Commerce. 26. Inflation in India is measured on which of the follow indexes/indicators? A) Cost of Living Index (COLI). B) Gross Domestic Product (GDP). C) Consumer Price Index (CPI). D) Wholesale Price Index (WPI). Show Answer Correct Answer: D) Wholesale Price Index (WPI). 27. Which one of the following is not a salient feature of debit card? A) No bad debts to banks and no suits for recovery. B) No interest earning for banks. C) Works like a normal withdrawal slip. D) 45 days credit is given to the card holder. Show Answer Correct Answer: D) 45 days credit is given to the card holder. 28. The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016 was recently given legal backing by Supreme Court. This act was passed in LokSabha as a.....: A) Ordinary Bill. B) Constitution Amendment Bill. C) Money Bill. D) Financial Bill. Show Answer Correct Answer: C) Money Bill. 29. Corporate loans are offered to applicants who have established their business for how many years in India? A) 7. B) 2. C) 5. D) 6. Show Answer Correct Answer: C) 5. 30. Which of the following is an organised markets that enable the existing equity and debt of issuing companies to be traded? A) Secondary markets. B) Gilt repo market. C) Discount market. D) Primary capital markets. Show Answer Correct Answer: A) Secondary markets. ← 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