This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 76 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 76 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Till when the RBI served as the central bank of Pakistan? A) November 1949. B) January 1950. C) June 1948. D) August 1947. Show Answer Correct Answer: C) June 1948. 2. Which of the following is an easy way of providing credit to the farmer community? A) National Saving Certificates. B) Loan against gold. C) Kisan Credit Card. D) Indira Vikas Patra. Show Answer Correct Answer: C) Kisan Credit Card. 3. What is Retail Banking? A) Where transactions are held with other banks. B) Where transactions are held directly with individuals. C) Where transactions are held with other big corporations. D) All of the above. Show Answer Correct Answer: B) Where transactions are held directly with individuals. 4. The co-operative credit societies have a A) Two-tier structure. B) Three-tier structure. C) Five-tier structure. D) Four-tier structure. Show Answer Correct Answer: B) Three-tier structure. 5. Which one of the following denomination of plastic notes is proposed to be introduced by RBI? A) 5. B) 20. C) 50. D) 10. Show Answer Correct Answer: D) 10. 6. Currency notes deposited in the currency chest are the property of.....? A) Respective bank. B) SBI. C) RBI. D) Government of India. Show Answer Correct Answer: C) RBI. 7. Which of the following organisations issues the rules of global trade? A) World Bank. B) World Trade Organisaton. C) Foreign Exchange Dealers Association. D) Directorate General of Foreign Trade. Show Answer Correct Answer: B) World Trade Organisaton. 8. What does ZED stand for in the context of MSMEs and certification in manufacturing? A) Zero Effect Zero Defect. B) Zero Defect Zero Effect. C) Zero Delays Zero Effect. D) Zero Effectiveness Zero Defectiveness. Show Answer Correct Answer: B) Zero Defect Zero Effect. 9. The Reserve Bank of India is regularly revising upwards the repo and reverse repo rates. Why is this being resorted to? A) To make bank loan costiler. B) To check inflationary pressures in the economy. C) To Curb growth of black money. D) To encourage rise in interest rates on deposits. Show Answer Correct Answer: B) To check inflationary pressures in the economy. 10. Reserves which can act as a liquidity buffer for commercial banks during crisis times are A) CAR. B) SLR. C) CAR and CRR. D) CRR and SLR. Show Answer Correct Answer: D) CRR and SLR. 11. National Income indicates A) The number of families below poverty line. B) Goods and Services in Economy. C) Growth of Economy. D) B and C. Show Answer Correct Answer: D) B and C. 12. Which of the following is true about "White Card"? A) It is related to companies producing milk products. B) It does not carry on its face, the brand of the issuer. C) It is meant to covert blank money into the economy. D) It is a card that provides white money. Show Answer Correct Answer: B) It does not carry on its face, the brand of the issuer. 13. On how much amount of interest repayment, an income tax rebate is available in India? A) 2.5 lakh per annum. B) 3 lakh per annum. C) 1.5 lakh per annum. D) 2 lakh per annum. Show Answer Correct Answer: C) 1.5 lakh per annum. 14. How much Cash pay out can be transferred in India? A) Rs. 40, 000/. B) Rs. 10, 00, 000/. C) Rs. 10, 000/-. D) Rs. 50, 000/. Show Answer Correct Answer: D) Rs. 50, 000/. 15. The nature of convertibility of the Indian Economy is..... A) Free Convertible. B) Convertibility at capital account. C) Convertibility at trade account. D) Convertibility at current account. Show Answer Correct Answer: D) Convertibility at current account. 16. Which of the following in not included in M2? A) Currency and coins. B) Corporate bonds held by firms and individuals. C) Demand deposits. D) Money market mutual fund shares. Show Answer Correct Answer: B) Corporate bonds held by firms and individuals. 17. UIDAI is a stauatory authority formed under which of the following? A) Niti Aayog. B) Home Ministry. C) Ministry of Communication and Information Technology. D) Ministry of Statisctics and Programmme Implementation. Show Answer Correct Answer: C) Ministry of Communication and Information Technology. 18. Who among the following serves as the holder of debenture stock for the benefit of another party? A) Debenture trustee. B) SEBI. C) Bond trustee. D) Company's trustee. Show Answer Correct Answer: A) Debenture trustee. 19. Credit cards are known as A) Plastic money. B) Hard money. C) Easy money. D) Soft money. Show Answer Correct Answer: A) Plastic money. 20. Who among the following cannot open 'No Frill Account' in a bank? A) Agricultural labourer. B) Student. C) A small firm selling white goods. D) Farmer. Show Answer Correct Answer: C) A small firm selling white goods. 21. Mutual funds in India are permitted to invest in which of the followings? A) Securities. B) Securities and Gold. C) Securities other than Real Estate. D) Securities, Gold and Real Estate. Show Answer Correct Answer: D) Securities, Gold and Real Estate. 22. How much percent of foreign investment is allowed for NBFC? A) 50%. B) 0%. C) 100%. D) 25%. Show Answer Correct Answer: C) 100%. 23. The main source of National Income of India is A) Industrial sector. B) Trade sector. C) Agriculture. D) Service sector. Show Answer Correct Answer: D) Service sector. 24. National Bank for Agriculture and Rural Development (NABARD) recently reduced the refinance rates for the banks and other lending agencies by 0.20 percent. The NABARD was established on the recommendation of which committee? A) Justice Shah Commission. B) Narendran Commission. C) Mukherjee Commission. D) B. Sivaraman Committee. Show Answer Correct Answer: D) B. Sivaraman Committee. 25. National Housing Bank was set up on July 9, 1988 under which among the following acts? A) National Housing Bank Act, 1985. B) National Housing Bank Act, 1986. C) National Housing Bank Act, 1987. D) None of the Above. Show Answer Correct Answer: C) National Housing Bank Act, 1987. 26. What is not an innovation likely to explain the high repayment rates of Micro Credit Programmes? A) Promising larger and larger loans for borrowers in good standing. B) Public repayments. C) Strong competition between numerous Micro Credit Programmes to reduce interest rates. D) Starting repayments before investments are likely to have borne fruit. Show Answer Correct Answer: C) Strong competition between numerous Micro Credit Programmes to reduce interest rates. 27. What does the letter 'F' denote in the abbreviated name 'IIFCL'? A) Finance. B) Functional. C) Foreign. D) Forwarded. Show Answer Correct Answer: A) Finance. 28. Which of the following is not true about Payments Bank? A) Payments bank can issue ATM/debit cards but not credit cards. B) Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI. C) Payments Bank can give a loan of up to only Rs 1 lakh. D) Initial capital required for a Payments Bank is Rs 100 crore. Show Answer Correct Answer: C) Payments Bank can give a loan of up to only Rs 1 lakh. 29. Which one of the following is a SelfEmployment Programme for Educated Unemployed Youth? A) Prime Minister's Rozgar Yojana. B) Swarn Jayanti Gram Swarozgar Yojana. C) Swarn Jayanti Sahakari Rozgar Yojana. D) National Social Assistance Programme. Show Answer Correct Answer: A) Prime Minister's Rozgar Yojana. 30. Who was the Prime Minister of India when Banking Nationalization was done in 1969? A) Jawahar Lal Nehru. B) Indira Gandhi. C) Rajiv Gandhi. D) Narsimha Rao. Show Answer Correct Answer: B) Indira Gandhi. ← 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