This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 72 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 72 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How many Mutual Fund companies are there in India? A) 43. B) 54. C) 48. D) 44. Show Answer Correct Answer: A) 43. 2. How many NBFC factors are there in India registered at present? A) 6. B) 31. C) 7. D) 9. Show Answer Correct Answer: C) 7. 3. A group of countries which has abolished all Traffis and also quantitative restrictions between themselves is called..... A) Free Trade Area. B) Economic Union. C) Common Market. D) Customs Union. Show Answer Correct Answer: A) Free Trade Area. 4. Which of the following is not a credit rating agency? A) Moody. B) CRISIL. C) Fitch. D) WADA. Show Answer Correct Answer: D) WADA. 5. Which of the following are functions of financial services? A) Mobilization of savings. B) Allocation of fund. C) Specialized services. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Which of the following helps managers track the issues that arise in a project and prioritize a response to them? A) Issue tracker. B) Track list. C) Issue builder. D) Issue list. Show Answer Correct Answer: D) Issue list. 7. Which of the following is true regarding BCA? A) BCA works for Insurance companies. B) A BCA can provide services to only 1 bank. C) A BCA can provide services to more than 1 bank. D) None of the above. Show Answer Correct Answer: C) A BCA can provide services to more than 1 bank. 8. How many members are there in one Self Help Group? A) 10-20. B) 5-10. C) 20-25. D) 1-5. Show Answer Correct Answer: A) 10-20. 9. The National Bank for Agriculture and Rural Development (NABARD) was established in the year A) 1977. B) 1970. C) 1980. D) 1982. Show Answer Correct Answer: D) 1982. 10. Which among the following is /are the main objective(s) of National Green Crops? A) Educate youngsters about environment and eco-systems. B) Prosecute and Punish the violators of Environment laws. C) Promote Green Products. D) All of above. Show Answer Correct Answer: A) Educate youngsters about environment and eco-systems. 11. Which one of the following is not charged on the Consolidated Fund of India? A) Salary & allowances of the president of India. B) Salary & allowances of the speaker of the Lok Sabha. C) Salary & allowances of the Justices of the Supreme Court of India. D) Salary & allowances of the Vice President of India. Show Answer Correct Answer: D) Salary & allowances of the Vice President of India. 12. Which of following is necessary to transfer funds through the RTGS facility? A) Beneficiary's bank account number. B) The IFSC number of the beneficiary's bank branch. C) There is a minimum amount specified for transfer. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Which of these is a Cooperative Bank in India? A) Cosmos Bank. B) SVC Bank. C) Janata Sahakari Bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. The formal beginning of the merchant banking services in India began in 1967, when the Reserve Bank of India provident licence to the A) State Bank of India. B) Grindlays Bank. C) Oriental Bank of Commerce. D) Federal Bank. Show Answer Correct Answer: B) Grindlays Bank. 15. Contribution of Central Government, State Government and Sponsored Bank in paid up capital of a Regional Rural Banks is in the ratio of..... A) 60: 25: 15. B) 50: 15: 35. C) 50: 25: 25. D) 60: 20: 20. Show Answer Correct Answer: B) 50: 15: 35. 16. For which of these countries the RBI has served as the central bank in the past? A) Myanmar. B) Nepal. C) Sri Lanka. D) All of the above. Show Answer Correct Answer: A) Myanmar. 17. Idea of insuring deposits kept with banks received attention for the first time in the year 1948 after the banking crises in? A) Maharashtra. B) Bengal. C) Karnataka. D) AP. Show Answer Correct Answer: B) Bengal. 18. One single statement that depicts the financial position of a bank and/or business enterprise at a given point of time is called A) Statement of product details. B) Reconciliation Statement. C) Quarterly returns submitted to RBI. D) Balance Sheet. Show Answer Correct Answer: D) Balance Sheet. 19. The financial year for banks is April-March, but what is the financial year for RBI? A) October-September. B) January-December. C) July-June. D) April-March. Show Answer Correct Answer: C) July-June. 20. Effective from 15th April, 1980, how many banks with demand and time liabilities exceeding 200 crore were nationalized? A) Five. B) Ten. C) Four. D) Six. Show Answer Correct Answer: D) Six. 21. Which was the first public bank to introduce credit cards? A) HDFC. B) ICICI. C) Central Bank of India. D) SBI. Show Answer Correct Answer: C) Central Bank of India. 22. Which among the following activities are not permitted to payments banks? A) Remittance services. B) Issuing ATM cards. C) Issuing credit cards. D) Accepting demand deposits. Show Answer Correct Answer: C) Issuing credit cards. 23. Which of the following is NOT used in Economics? A) Demand and Supply. B) Ad Valorem Tax. C) Break even. D) HIV-positive. Show Answer Correct Answer: D) HIV-positive. 24. Banks in India are governed by BR Act 1949. What does 'BR' stands for? A) Banking Regulation. B) Banking Re-organization. C) Banking Rights. D) Banks Registration. Show Answer Correct Answer: A) Banking Regulation. 25. What is the name given to the online payment services that all internet banking customers can use? A) E pay. B) E-commerce. C) ECS. D) All of these. Show Answer Correct Answer: A) E pay. 26. When there is a difference between all receipts and expenditure of the Govt. of India, both capital and revenue, it is called.....[IBPS 2012] A) Budgetary Deficit. B) Zero Budgeting. C) Trade Gap. D) Revenue Deficit. Show Answer Correct Answer: D) Revenue Deficit. 27. Which of the following year marked the beginning of the history of agricultural cooperative banks in India? A) 1904. B) 1905. C) 1906. D) 1907. Show Answer Correct Answer: A) 1904. 28. Many times we read about 'Hawala' transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts? A) Fiscal Responsibility and Budget Management Act. B) Banking Regulation Act. C) Financial Action Task Force Act. D) Foreign Exchange Management Act. Show Answer Correct Answer: D) Foreign Exchange Management Act. 29. With a view to enlarge resources available to RRBs for a variety of purposes, especially in the context of programme of financial inclusion, general credit card etc, Reserve Bank advised that A) Sponsor banks should provide them lines of credit at a reasonable rate of interest. B) RRBs may borrow from/or place funds with other RRBs, including those sponsored by other banks, subject to counter party Credit Risk Policy and limits. C) RRBs may enter into ready forward transactions in government securities with Subsidiary General Ledger (SGL), Constituent Subsidiary General Ledger (CSGL) account holders. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. KYC guidelines followed by the banks have been framed on the recommendations of the A) Reserve Bank of India. B) Indian Banks Association. C) Ministry of Home Affairs. D) Ministry of Rural Development. Show Answer Correct Answer: A) Reserve Bank of India. ← 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