This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 75 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 75 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. We frequently read about 'MFI' in newspapers. What is the full form of this term, which is used in financial sector? A) Mutual Funds in India. B) Micro Functional Issues. C) Monetary Forum of India. D) Micro Finance Institutions. Show Answer Correct Answer: D) Micro Finance Institutions. 2. Inflation is measured in India on the basis of which index? A) Market forces. B) Retail price index. C) Wholesale price index. D) Consumer price index. Show Answer Correct Answer: C) Wholesale price index. 3. Kelkar Committee Gave recommendations on..... A) Delisting in Share market. B) Company Law Reforms. C) Tax Structure Reforms. D) Broad Frame work of Insurance Sector. Show Answer Correct Answer: C) Tax Structure Reforms. 4. Where the signature of the drawer of a cheque is not genuine, such a cheque is called A) Post dated cheque. B) Stale cheque. C) Forged cheque. D) All of the above. Show Answer Correct Answer: C) Forged cheque. 5. The Agriculture Insurance Company was launched with the help of A) RBI. B) NABARD. C) ECGC. D) SIDBI. Show Answer Correct Answer: B) NABARD. 6. CICs having asset size of 100 crore or above are categorised as which of the following? A) Systemically Important Core Certified Companies. B) Systemically Important Core Investment Companies. C) Systemically Core Investment Companies. D) None of the above. Show Answer Correct Answer: B) Systemically Important Core Investment Companies. 7. Which of the following institutions is involved mainly in granting Housing Loans? A) ICICI. B) SBI. C) RBI. D) HDFC. Show Answer Correct Answer: D) HDFC. 8. Recently Parliament has pass-ed Companies Act 2013. What is NOT true with regard to some of the features of the Act? A) Prescribed Companies must have at least 1 woman Director on the Board. B) An Individual can set up "One person Private Ltd Company". C) Listed Companies must have at least 1/3rd independent Directors. D) An independent Director can hold 3 consecutive terms of 3 years. Show Answer Correct Answer: D) An independent Director can hold 3 consecutive terms of 3 years. 9. Price of underlying asset is added into intrinsic value of option to calculate which of the following? A) Exercise price of option. B) Spot price of option. C) Book value of option. D) Forward price of option. Show Answer Correct Answer: A) Exercise price of option. 10. Which of the following is the biggest contributor to the Foreign Reserve of India? A) SDR. B) Gold. C) Foreign Assets. D) Reserve Tranche with IMF. Show Answer Correct Answer: C) Foreign Assets. 11. Which of these is also called as Committee on Capital Account Convertibility? A) Tarapore Committee. B) Rangarajan Committee. C) Indrajit Committee. D) N N Vohra Committee. Show Answer Correct Answer: A) Tarapore Committee. 12. India's capital market regulator SEBI recently ordered which NBFC entity to refund the money raised from some 5 8.5 million customers through collective investment schemes (CIS)? A) Unimax Agrotech Ltd. B) Omaxe Agrotech Corp. Ltd. C) Asia Agrotech Corp. Ltd. D) Pearls Agrotech Corp. Ltd. Show Answer Correct Answer: D) Pearls Agrotech Corp. Ltd. 13. Which of the following statements is true about International Monetary Fund (IMF)? A) It provides ways and means funds to member countries. B) It is an agency of the World Bank and is situated in Prague. C) It makes all the rules and regulations in relation to the world trade between the nations. D) On becoming its member, countries get finance as temporary balance of payment needs. Show Answer Correct Answer: D) On becoming its member, countries get finance as temporary balance of payment needs. 14. Where was the Oriental Bank of Commerce established in India? A) Dehradoon. B) Amritsar. C) Lahore. D) Karachi. Show Answer Correct Answer: C) Lahore. 15. What does N stands for in NUUP? A) Network. B) Net. C) National. D) Neutral. Show Answer Correct Answer: C) National. 16. When the government tries to meet the gap of public expenditure and public revenue through borrowing from the banking system, it is called as: A) Debt Financing. B) Credit Financing. C) Deficit Financing. D) Internal Debt. Show Answer Correct Answer: C) Deficit Financing. 17. The RBI Expert Committee to revise and strengthen the monetary policy framework is headed by A) Vijay Kelkar Committee. B) Dr. Urjit R. Patel Committee. C) Shah Nawaz Committee. D) Suresh Mathur Panel. Show Answer Correct Answer: B) Dr. Urjit R. Patel Committee. 18. SEBI is a/n [Indian Overseas Bank 2011] A) Constitutional body. B) Advisory body. C) Non-statutory body. D) Statutory body. Show Answer Correct Answer: D) Statutory body. 19. Which one of the following is the major component of the money supply in the Indian Economy? A) Currency component. B) Deposit component. C) Treasury bill with public. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 20. If a loan is repaid by a cheque,..... A) Total bank reserves in the system decreases. B) Total bank reserves are not affected. C) Increase in total bank reserves in the system. D) 1 and 3 both. Show Answer Correct Answer: B) Total bank reserves are not affected. 21. Insurance Regulatory and Development Authority A) Is a society registered under the societies Registration Act. B) Is an NGO. C) Was constituted by an act of parliament under the IRDA Act. 1999. D) Is a company registered under the Companies Act. 1956. Show Answer Correct Answer: C) Was constituted by an act of parliament under the IRDA Act. 1999. 22. Market Cost of a product includes..... A) Factor Cost. B) Advertisement Cost. C) Transportation Cost. D) All of above. Show Answer Correct Answer: D) All of above. 23. A Maharatna company can invest which of of the following amounts independently for a project? A) Rs 10, 000 crore. B) Rs 12, 000 crore. C) Rs 20.000 crore. D) Rs 5000 crore. Show Answer Correct Answer: D) Rs 5000 crore. 24. Exim Bank concentrates on A) Medium-term financing. B) Short-term financing. C) Short and medium-term financing. D) Short and long-term financing. Show Answer Correct Answer: A) Medium-term financing. 25. What is termed as Loss Asset? A) Sub-standard asset for more than 3 years. B) Sub-standard asset for more than 2 years. C) Sub-standard asset for more than 1 years. D) None of the above. Show Answer Correct Answer: A) Sub-standard asset for more than 3 years. 26. As reported in various newspapers, the Reserve Bank of India is planning to allow more and more banks to function as Local Area Banks. This will help RBI in the implementation of which of the following of its plans/drives? A) Only 2. B) Only 1. C) Only 1 & (2). D) Only 3. Show Answer Correct Answer: B) Only 1. 27. The first nationalisation of banks exercise was done on A) 19th June, 1969. B) 15th July, 1967. C) 19th June, 1970. D) 19th June, 1967. Show Answer Correct Answer: A) 19th June, 1969. 28. How many Payment banks were approved by RBI in 2015? A) 11. B) 9. C) 7. D) 41. Show Answer Correct Answer: A) 11. 29. Which of the following bodies promoted Securities Trading Corporation of India Limited (STCI) jointly with the Public Sector Banks? A) ICICI Ltd. B) IDBI Ltd. C) Securities Exchange Board of India. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 30. India's Foreign Exchange Reserve is maintained by which of the following institutions? A) NABARD. B) RBI. C) Central Government. D) IMF. Show Answer Correct Answer: B) RBI. ← 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