This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 73 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 73 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What would be the New Price Index that would measure inflation? A) RTI. B) WPI (2004-2005). C) CPI (2010). D) PPI (2011). Show Answer Correct Answer: C) CPI (2010). 2. Which of the following bills presented in the Parliament will bring some changes in the existing tax regime? A) Direct Taxes Code (DTC) Bill. B) Foreign Exchange Management Regulatory Bill. C) Companies Act Bill. D) Salaries and Perks for MPs Bill. Show Answer Correct Answer: A) Direct Taxes Code (DTC) Bill. 3. SbiINTOUCH launched by State Bank of India relates to A) Home loans. B) Digital branches. C) Infrastructure loans. D) ATM services. Show Answer Correct Answer: B) Digital branches. 4. The Capital Market of Indian financial system deals with which of the following funds? A) Government Funds. B) Hedge funds. C) Long-term Funds. D) Short-term funds. Show Answer Correct Answer: C) Long-term Funds. 5. What is the maturity period of Treasury Bills issued by Government of India? A) 14 days and 84 days. B) 182 days and 364 days. C) 18 days and 36 days. D) 91, 182 & 364 days. Show Answer Correct Answer: D) 91, 182 & 364 days. 6. The Mutual fund is constituted under the provisions of which of the following acts? A) The Securities and Exchange Board Of India Act, 1992. B) RBI Act, 1934. C) Indian Trusts Act, 1882. D) Indian Registration Act, 1908. Show Answer Correct Answer: C) Indian Trusts Act, 1882. 7. At which of the following rates does the Central Bank lend to banks against government securities? A) Repo Rate. B) CRR. C) Reverse Repo Rate. D) Bank Rate. Show Answer Correct Answer: B) CRR. 8. Which of the following is not true about Bharat Interface for Money (BHIM) app? A) BHIM framework allows its usage without internet also. B) Money can also be sent to non-UPI supported banks using IFSC code and account number. C) BHIM allows daily transaction limit of Rs 20, 000. D) Through BHIM app, a maximum of Rs 5, 000 is allowed per transaction. Show Answer Correct Answer: D) Through BHIM app, a maximum of Rs 5, 000 is allowed per transaction. 9. In which of the following States, India's first Islamic Bank is proposed to be set up? A) Orissa. B) Bihar. C) Tamil Nadu. D) Kerala. Show Answer Correct Answer: D) Kerala. 10. What does RS.RS.derivative" mean in Payment and Settlement Systems Act, 2007? A) An instrument, to be settled at a future date. B) A payment, to be settled at a future date. C) An instrument, that has already got settled. D) None of the above. Show Answer Correct Answer: A) An instrument, to be settled at a future date. 11. According to FERA, Foreign Exchange includes which of the following? A) Traveler's Cheque. B) Letters of Credit. C) Bill of Exchange expressed or drawn in Indian Currency. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. Which of the following organizations is created specially for providing credit to small and medium enterprises in India? A) SIDBI. B) NABARD. C) AMFI. D) ECGC. Show Answer Correct Answer: A) SIDBI. 13. The term 'Gross National Happiness' was coined by A) European Union. B) Maqbool Haq. C) Bhutan's King. D) Amartya Sen. Show Answer Correct Answer: C) Bhutan's King. 14. The State Bank of India was established on the recommendation of..... A) Rural Banking Enquiry Committee. B) All India Rural Credit Survey. C) Banking Enquiry Commission. D) None of these. Show Answer Correct Answer: C) Banking Enquiry Commission. 15. Where is the headquarter of National Housing Bank located? A) Mumbai. B) New Delhi. C) Chennai. D) Bangalore. Show Answer Correct Answer: B) New Delhi. 16. Out of total priority sector advances of RRBs, atleast.....should be advanced to weaker sections. A) 60%. B) 25%. C) 0.75. D) 50%. Show Answer Correct Answer: B) 25%. 17. Liquidity status of certificate of deposit which is more negotiable is considered as? A) Less liquid. B) More liquid. C) Term liquidity. D) Certified liquidity. Show Answer Correct Answer: B) More liquid. 18. Which of the following organisations has given a warning to the nations of the world that there may be increased risk to global financial stability in the world? A) World Trade Organisation. B) World Bank. C) International Monetary Fund. D) Asian Development Bank. Show Answer Correct Answer: B) World Bank. 19. The crop insurance scheme is being implemented at which among the following levels under the National Agricultural Insurance Scheme (NAIS)? A) Panchayat. B) Village. C) State. D) District. Show Answer Correct Answer: D) District. 20. Many times we read in newspapers/magazines about the increase or decrease in tax collection. Which of the following taxes is not included in the tax collection levied by the Union Government? A) Corporate Tax. B) Property Tax. C) Education Cess. D) Income Tax. Show Answer Correct Answer: C) Education Cess. 21. In how many languages is the amount is written on the bank note? A) 17. B) 15. C) 19. D) 22. Show Answer Correct Answer: A) 17. 22. Which of the following clearly defines Price Checking? A) A prospect calls on the phone and ask for your rental rates. B) A supervisor checks your knowledge of rental rates. C) Both A and B. D) None of the Above. Show Answer Correct Answer: A) A prospect calls on the phone and ask for your rental rates. 23. What is the full form of IRR as used in banking/financial sector? A) Investment Reserve Ratio. B) Internal Risk Return. C) Internal Rate of Return. D) Internal Revaluation Reserve. Show Answer Correct Answer: C) Internal Rate of Return. 24. Loan disbursed by an NBFC-MFI to a borrower with urban and semi-urban household income should not exceed how much amount? A) Rs. 1, 60, 000. B) Rs. 2, 60, 000. C) Rs.1, 00, 000. D) Rs.1, 50, 000. Show Answer Correct Answer: A) Rs. 1, 60, 000. 25. Where was Canara Bank first set up in 1906? A) Lahore. B) Mangalore. C) Varanasi. D) Madras. Show Answer Correct Answer: B) Mangalore. 26. Funds which combined the features of an Open-Ended and Close-Ended funds are known as which of the following? A) Interval funds. B) Balance funds. C) Specialty funds. D) None of the Above. Show Answer Correct Answer: A) Interval funds. 27. Which of the following committees has given its recommendations on .Financial Inclusion.? A) Sinha Committee. B) Rangarajan Committee. C) Kelkar Committee. D) Rakesh Mohan Committee. Show Answer Correct Answer: B) Rangarajan Committee. 28. ASBA is a mechanism for subscribing to applications in Initial Public Offerings (IPOs). ASBA stands for A) Application Supported by Blocked Amount. B) Acquired Shares by Blocked Amount. C) Application Submitted with Blocked Amount. D) Application Supported by Balance Amount. Show Answer Correct Answer: A) Application Supported by Blocked Amount. 29. Which of the following will set up core banking infrastructure for rural banks? [Allahabad Bank 2011] A) RBI. B) NABARD. C) IBA. D) SIDBI. Show Answer Correct Answer: B) NABARD. 30. Parallel Economy is also referred as..... A) Grey Market. B) Black Market. C) Black Economy. D) Both 1and 2. Show Answer Correct Answer: C) Black Economy. ← 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