This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 71 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 71 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does a "bank" means in Payment and Settlement Systems Act, 2007, unless the context otherwise requires? A) A bank included in the Second Schedule to the RBI Act. B) A post office savings bank. C) A banking company as defined in clause c of section 5, of the Banking Regulation Act. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. Financial inclusion makes people to A) Access financial markets. B) Access credit markets. C) Learn financial matters. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Which of the following term in related with Economy? A) Amplitude. B) Buoyancy. C) Soft patch. D) Absolute Zero. Show Answer Correct Answer: C) Soft patch. 4. Which of the following is NOT a Public Sector Unit/Undertaking/Agency? [Vijaya Bank 2008] A) SIDBI. B) ECGC. C) SEBI. D) Axis Bank. Show Answer Correct Answer: D) Axis Bank. 5. When was YES Bank setup in India? A) 2002. B) 2004. C) 2012. D) 2003. Show Answer Correct Answer: B) 2004. 6. What Street Name is used to refer to the RBI? A) Reserve Street. B) Credit Street. C) Mint Street. D) None of the above. Show Answer Correct Answer: C) Mint Street. 7. The Banking Ombudsman Scheme was introduced under which of the following acts? A) Banking Regulation Act, 1935. B) Banking Regulation Act, 1949. C) Banking Regulation Act, 1985. D) None of The Above. Show Answer Correct Answer: B) Banking Regulation Act, 1949. 8. Mutual funds are regulated by A) Association of Mutual Funds of India (AMFI). B) Securities and Exchange Board of India (SEBI). C) Reserve Bank of India. D) IRDA. Show Answer Correct Answer: B) Securities and Exchange Board of India (SEBI). 9. Which was the first mutual fund started in India? A) Unit Trust of India. B) Indian Bank Mutual Fund. C) SBI Mutual Fund. D) Kotak Pioneer Mutual Fund. Show Answer Correct Answer: A) Unit Trust of India. 10. Financial institutions having loans swapped for bonds can sell all bonds in which of the following? A) Primary markets. B) Under-developed markets. C) Developed markets. D) Secondary markets. Show Answer Correct Answer: D) Secondary markets. 11. According to 2011 Census, Sex Ratio in India stood at.....females per 1000 males. A) 933. B) 965. C) 940. D) 947. Show Answer Correct Answer: C) 940. 12. What does Current Ratio mean? A) It is the ratio of net debt to total liabilities. B) It is the ratio of liquid assets to current liabilities. C) Company's ability to pay back its long-term liabilities. D) Company's ability to pay back its short-term liabilities. Show Answer Correct Answer: D) Company's ability to pay back its short-term liabilities. 13. Which of the following is not a recommendation of the Narasimham Committee, 1991? A) Reduction of CRR and SLR. B) Phasing out directed Credit Programme. C) Reduction of capital adequacy ratio. D) Establishment of ARF fund. Show Answer Correct Answer: C) Reduction of capital adequacy ratio. 14. The market value of all final goods and services produced and/Or made with the geographical boundaries of a country in a year is known as..... A) Gross Domestic Product. B) Gross Domestic Capital Formation. C) Gross National Savings. D) Gross Fiscal Deficit. Show Answer Correct Answer: C) Gross National Savings. 15. Who are authorized to sell Foreign Exchange in India? A) Authorized Dealers. B) RBI. C) FFMCs. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 16. What is the Platinum Jubilee Year of the RBI? A) 2009-2010. B) 2012-2013. C) 2007-2008. D) 2008-2009. Show Answer Correct Answer: A) 2009-2010. 17. What does BBPOU stand for? A) Bharat Bill Payment Onsite Units. B) Bharat Bill Payment Operating Units. C) Bharat Biller Payment Operating Units. D) Bharat Bill Payment Online Units. Show Answer Correct Answer: B) Bharat Bill Payment Operating Units. 18. Which of the following year has registered the maximum GDP growth rate? A) 2006-07. B) 2007-08. C) 2005-06. D) 2010-11. Show Answer Correct Answer: A) 2006-07. 19. As a part of financial inclusion, Bank on Wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide the banking services to the rural Indians. This Vehicle Tracking through GPRS. GPRS stands for A) Gross Packet Radio Service. B) General Packet Running Service. C) Gain Packet Radio Service. D) General Packet Radio Service. Show Answer Correct Answer: D) General Packet Radio Service. 20. Which of the following were the objectives of Lead Bank scheme? A) Eviction of unemployment and under employment. B) Survival growth in the living map for the poorest of the poor. C) Some basic needs arrangements included in poor sections of the society. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Which of the following remittances payments is one area that is a lifeline for millions of people across the globe, especially in rural areas? A) Digital remittance. B) Ion remittance. C) Blockchain remittance. D) None of the above. Show Answer Correct Answer: C) Blockchain remittance. 22. Which out of the following is most popular channel of foreign inward remittances to India? A) SWIFT. B) Rupee Drawing Arrangement (RDA). C) Direct transfers. D) Cheques and Drafts. Show Answer Correct Answer: B) Rupee Drawing Arrangement (RDA). 23. Which of the following would reduce the credit creation capacity of a commercial bank? A) Time & Demand deposits. B) Loans. C) Cash in hand. D) A & B. Show Answer Correct Answer: A) Time & Demand deposits. 24. When did the RBI allowed for the first time to open ultra small branches? A) 2012. B) 2014. C) 2004. D) 2009. Show Answer Correct Answer: A) 2012. 25. Where is the operational head office of HSBC Bank located in India? A) Bangalore. B) New Delhi. C) Chennai. D) Mumbai. Show Answer Correct Answer: D) Mumbai. 26. Almost all Banks in India are running special schemes for providing banking services to rural poor. This concept is popularly known as..... A) Faster Growth. B) Financial Inclusion. C) Trade Finance. D) SME Finance. Show Answer Correct Answer: B) Financial Inclusion. 27. NEFT means [IBPS 2011] A) Negotiated Efficient Fund Transfer System. B) Non Effective Fund Transfer System. C) National Efficient Fund Transfer Solution. D) National Electronic Funds Transfer system. Show Answer Correct Answer: D) National Electronic Funds Transfer system. 28. Interest is usually paid on money market instruments A) At maturity. B) On request. C) Twice a year. D) Annually. Show Answer Correct Answer: A) At maturity. 29. Which among the following helps RBI to manage liquidity conditions in the economy with banks having an avenue to surplus funds or avail funds? A) Repos. B) Money market Mutual Funds. C) SLR. D) Reverse repos. Show Answer Correct Answer: A) Repos. 30. After how many years of terrorist attack World Trade Centre reopen for business? A) 7 years. B) 13 years. C) 15 years. D) 12 years. Show Answer Correct Answer: B) 13 years. ← 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