This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 77 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 77 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. POSCO is a company which manufactures A) Cement. B) Pharma products. C) Sugar. D) Steel. Show Answer Correct Answer: D) Steel. 2. In which year, Nationalization of Reserve Bank of India was done? A) 1950. B) 1949. C) 1947. D) 1948. Show Answer Correct Answer: B) 1949. 3. The RBI has adopted.....model, in which mobile banking is promoted through business correspondents of banks. A) Bank Led. B) Bank Mobile. C) Mobile. D) All of these. Show Answer Correct Answer: D) All of these. 4. The early growth of merchant banking in the country is assigned to the which of the following? A) FEMA. B) Securities Contracts Act. C) Income-tax Act. D) Foreign Exchange Regulation Act, 1973. Show Answer Correct Answer: D) Foreign Exchange Regulation Act, 1973. 5. A non-performing asset is.....[SBI Bank 2013] A) Money at call and short notice. B) An asset that ceases to generate income. C) Cash balance in till. D) Cash balance with RBI. Show Answer Correct Answer: B) An asset that ceases to generate income. 6. The Reverse Mortgage scheme is launched to give benefit to which of the following groups of the society? A) War widows. B) Unemployed youth. C) Govt employees. D) Senior citizens. Show Answer Correct Answer: D) Senior citizens. 7. How many types of primary agricultural credit societies are there in our country? A) Large-size societies which include Rural Banks, Agricultural Banks and credit unions. B) Service co-operative. C) Other small size societies. D) None of the above. Show Answer Correct Answer: D) None of the above. 8. Which of the following banks launched the first mutual fund in India? A) Indian Bank. B) Canara Bank. C) State Bank of India. D) Bank of India. Show Answer Correct Answer: B) Canara Bank. 9. Which section was added in the Banking regulation Act to include the Cooperative Banks under its purview? A) Section 56. B) Section 35. C) Section 28. D) Section 61. Show Answer Correct Answer: A) Section 56. 10. Which of the following is the situation when the units of a close-ended fund can be bought? A) At redemption. B) At the launch. C) At any time. D) Depends upon the fund type. Show Answer Correct Answer: B) At the launch. 11. Which of the following is an example of NBFCs? A) Unit Trust of India. B) Life Insurance Corporation. C) General Insurance Corporation. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. With an aim to provide better services to the debit card holders, the Reserve Bank of India (RBI) has directed all commercial and public sector banks to introduce new Automated Teller Machines (ATM) that can deliver lower denomination notes such as? A) Rs 10. B) Rs. 20. C) Rs. 50. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. Which of these cannot be issued by a Payment bank? A) ATM card. B) Debit card. C) Credit card. D) All of the above. Show Answer Correct Answer: C) Credit card. 14. Banks borrow money from the RBI on which of the following rates? [Allahabad Bank 2011] A) CRR. B) Reverse Repo Rate. C) SLR. D) Repo Rate. Show Answer Correct Answer: D) Repo Rate. 15. Expand the term CCEA as used in administrative circles. A) Cabinet Council on External Affairs. B) Cabinet Committee on Economic Affairs. C) Cabinet Committee on External Affairs. D) Cabinet Council on Economic Affairs. Show Answer Correct Answer: D) Cabinet Council on Economic Affairs. 16. Many times, we read a term 'ISO'. What is the full form of the same? A) International Social Organisation. B) Insurance and Social Obligations. C) International Space Organisation. D) International Standards Organisation. Show Answer Correct Answer: D) International Standards Organisation. 17. Which of amongst the following is not the aim of Debt Management? A) Stabilizing prices. B) Proper timing & issuing of government bonds. C) Social service fund. D) Cost effective services. Show Answer Correct Answer: C) Social service fund. 18. What is the full form of REER? A) Real Earning Emergent Ratio. B) Real Elective Effective Ratio. C) Role Effective Earned Rate. D) Real Effective Exchange Rate. Show Answer Correct Answer: D) Real Effective Exchange Rate. 19. Structure of Basel II is based on how many pillars? [Indian Overseas Bank 2011] A) Three. B) Four. C) Ten. D) Two. Show Answer Correct Answer: A) Three. 20. Which of the following operations are undertaken by Small Finance Banks? A) Accepting Deposits. B) Disbursing small loans. C) Sell Insurance Products. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Reserve Bank of India was setup on the recommendations of which of the following commission/committee? A) Hilton Young Commission. B) Dantwala Committee. C) Royal Commission. D) D R Mehta Commission. Show Answer Correct Answer: A) Hilton Young Commission. 22. As per the rarget for the 11th Five Year Plan, educated unemployment is to be reduced to which of the following levels? [Corporation Bank 2011] A) 6%. B) 9%. C) 0.05. D) 7%. Show Answer Correct Answer: C) 0.05. 23. On 19th July 1969, 14 banks were nationalized, these banks had deposits of more than A) Rs 100 crore. B) Rs 50 crore. C) Rs 25 crore. D) Rs 85 crore. Show Answer Correct Answer: A) Rs 100 crore. 24. Consider the following statements and identify the right ones. i. Deposits are created by banks and financial institutions. Ii. They constitute the major source of money supply in India. A) I only. B) II only. C) Both. D) None. Show Answer Correct Answer: C) Both. 25. Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called.....[SBI Bank 2013] A) Statutory Liquidity Ratio. B) Reserve Repo. C) Bank Deposit. D) Cash Reserve Ratio. Show Answer Correct Answer: D) Cash Reserve Ratio. 26. Which of the following is not a part of India's Money Market? A) Money Lenders. B) Banks. C) Bill Markets. D) Indian Gold Council. Show Answer Correct Answer: D) Indian Gold Council. 27. Govt of India has created a special fund called India Micro Finance Equity Fund of Rs. 100 crores. The fund is maintained by A) IDBI Bank. B) ECGC. C) RBI. D) SIDBI. Show Answer Correct Answer: D) SIDBI. 28. What is NOT true with regard to 'Carbon Credit'? A) It represents the right of an Industry to emit certain quantity of Carbon Dioxide. B) Carbon Credits mechanism was formalized in Kyoto Protocol. C) Carbon Credits are currently traded on 5 exchanges across the globe. D) None of the above. Show Answer Correct Answer: D) None of the above. 29. Which of the following is called "paper gold"? A) SDR. B) Yuan. C) Euro. D) Dollar. Show Answer Correct Answer: A) SDR. 30. Which one of the following is not a Quantitative credit control measure of the Reserve Bank of India? A) Statutory cash reserve requirement. B) Bank rate. C) Statutory liquidity ratio. D) Moral Suasion. Show Answer Correct Answer: D) Moral Suasion. ← 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