This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 74 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 74 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. TRAI regulates the functioning of which of the following services? A) Telecom. B) Port. C) Trade. D) Transport. Show Answer Correct Answer: A) Telecom. 2. If RBI adopts an expansionist open market operations policy, this means that it will A) Offer commercial banks more credit in open market. B) Sell securities in the open market. C) Openly announce to the market that it intends to expand credit. D) Buy securities from non-government holders. Show Answer Correct Answer: A) Offer commercial banks more credit in open market. 3. The Reserve Bank of India (RBI) extended the timeline for full implementation of the Basel III capital regulations by a year. Now the banks are required to comply with the Basel III norms by 31 March 2019 instead of A) 31 March 2015. B) 31 March 2016. C) 31 March 2017. D) 31 March 2018. Show Answer Correct Answer: D) 31 March 2018. 4. Which of the following terms is NOT used in the Banking world? [Allahabad Bank 2011] A) Holding Company. B) Centripetal force. C) Postdated cheque. D) Credit. Show Answer Correct Answer: B) Centripetal force. 5. Name the place where Canara Bank launched its seventh overseas branch in June 2014 A) Shanghai. B) Leicester. C) London. D) New York. Show Answer Correct Answer: D) New York. 6. What is Section 7 of the RBI Act 1934? A) It allows RBI to buy and sell Foreign currency. B) It empowers the government to issue directions to the RBI. C) It allows the RBI to appoint its own staff. D) None. Show Answer Correct Answer: B) It empowers the government to issue directions to the RBI. 7. When does a person become insolvent? A) When he left with no property of his own. B) When he declares an insolvent by the Court. C) When he terminates from a job he was holding. D) When he declares himself to be an insolvent. Show Answer Correct Answer: B) When he declares an insolvent by the Court. 8. Ten-rupee notes contain the signature of [Corporation Bank 2011] A) Finance Minister, GOI. B) Finance Secretary, GOI. C) Governor, Reserve Bank of India. D) Chairman, State Bank of India. Show Answer Correct Answer: C) Governor, Reserve Bank of India. 9. The credit for availing the first Home Loan goes to which of the following persons in India? A) Nandan Nilekani. B) Rustom Padri. C) D B Remedios. D) None of the Above. Show Answer Correct Answer: C) D B Remedios. 10. Which of the following is the biggest contributor of foreign exchange reserve of India? A) Gold. B) Reserve tranche with IMF. C) Foreign Currency assets. D) Special Drawing Rights. Show Answer Correct Answer: C) Foreign Currency assets. 11. Which was the first bank to open a branch on foreign soil? A) Bank of India. B) State Bank of India. C) Bank of Punjab. D) Allahabad Bank. Show Answer Correct Answer: A) Bank of India. 12. Which of the following is not true about National Electronic Funds Transfer (NEFT) system? A) Only bank branches which are NEFT enabled, can be a part of the NEFT funds transfer network. B) NEFT operates in hourly batches. C) NEFT is a payment system which facilitates one-to-one funds transfer. D) There is no limit on transaction through NEFT. Show Answer Correct Answer: B) NEFT operates in hourly batches. 13. NBFC-Infrastructure Finance Companies must have at least what per cent of its total assets in infrastructure loans? A) 80%. B) 50%. C) 70%. D) 75%. Show Answer Correct Answer: D) 75%. 14. Which of the following instruments may be construed either as a promissory note or bill of exchange? A) Valid instrument. B) Ambiguous instrument. C) Returnable instrument. D) None of the above. Show Answer Correct Answer: B) Ambiguous instrument. 15. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements employed by Reserve Bank as measures by Reserve of credit control are classified as A) Quantitative methods. B) Qualitative methods. C) Both of the above. D) None of these. Show Answer Correct Answer: A) Quantitative methods. 16. As per the target for the 11th Five Year Plan, educated unemployment is to be reduced to which of the following levels? A) 6%. B) 9%. C) 0.05. D) 7%. Show Answer Correct Answer: C) 0.05. 17. Ultimate controller of Bank Deposits is? A) Ministry of Finance. B) Controller of Deposits. C) RBI. D) Finance Secretary. Show Answer Correct Answer: C) RBI. 18. CEPI stands for? A) Council of Environmental Pollution of India. B) Centre for Environmental Pollution in India. C) Comprehensive Environmental Pollution Index. D) Centre for Environmental Pollution and Industries. Show Answer Correct Answer: C) Comprehensive Environmental Pollution Index. 19. In the post-liberalization period, the share of direct taxes in gross tax revenue in India has..... A) Increased. B) Decreased. C) First increased and then decreased. D) Remained the same. Show Answer Correct Answer: A) Increased. 20. Which one of the following is a Credit Card Association? A) India Card. B) City Bank Cards. C) SBI Cards. D) Master Card. Show Answer Correct Answer: D) Master Card. 21. In which year SMERA (Small & Medium Enterprises Rating Agency) was established? A) 2001. B) 2005. C) 2002. D) 2008. Show Answer Correct Answer: B) 2005. 22. Which bank came into existence in 1921 when three banks namely, Bank of Bengal (1806), Bank of Bombay (1840) and Bank of Madras (1843) were reorganised and amalgamated to form a single banking entity? A) State Bank of India. B) Reserve Bank of India. C) Imperial Bank of India. D) Punjab National Bank. Show Answer Correct Answer: C) Imperial Bank of India. 23. When was the decimalization of the coinage done in India? A) 1957. B) 1935. C) 1947. D) 1955. Show Answer Correct Answer: A) 1957. 24. Which of the following is not a scheduled Commercial Bank? A) IDBI Bank. B) NABARD. C) HDFC Bank. D) Axis Bank. Show Answer Correct Answer: B) NABARD. 25. Who among the followings regulates the NBFCs in India? A) Reserve Bank of India. B) SEBI. C) Government of India. D) None of the above. Show Answer Correct Answer: A) Reserve Bank of India. 26. 0-second paperless instant loan Scheme for its existing customers and Project Tatkal home loans application process within 10 days are launch by which of these banks respectively A) ICICI and HDFC. B) SBI and ICICI. C) BOI and SBI. D) HDFC and SBI. Show Answer Correct Answer: D) HDFC and SBI. 27. Which of these was the first RRB to be set up in India? A) Arunachal Pradesh Rural Bank. B) Himachal Gramin Bank. C) Gaur Gramin Bank. D) Prathama Bank. Show Answer Correct Answer: D) Prathama Bank. 28. Which of the following is the Central Bank of USA? [Allahabad Bank 2011] A) Federal Reserve. B) Federation of Banks, USA. C) Bank of America. D) Citigroup, USA. Show Answer Correct Answer: A) Federal Reserve. 29. Whenever somebody needs foreign currency against Indian Rupee, banks give equivalent amount of desired currency based on prevalent A) Exchange rate. B) Currency rate. C) Policy rate. D) Bank rate. Show Answer Correct Answer: A) Exchange rate. 30. An EEFC account can be held only in the form of which of the following? A) Savings Bank Account. B) Deposit Account. C) Current Account. D) None of the Above. Show Answer Correct Answer: C) Current 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