This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 78 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 78 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In bank's parlance, credit risk in lending is A) Default of the customer to repay the loan. B) Default of the banker to maintain SLR. C) Default of the banker to release credit to the customer. D) Default of the banker to maintain CRR. Show Answer Correct Answer: A) Default of the customer to repay the loan. 2. Which of the following is NOT a function of a bank? A) Deciding policy rates like CRR, Repo Rate/SLR etc. B) Providing project finance. C) Settlement of payments of behalf of the customers. D) Selling Mutual Funds. Show Answer Correct Answer: A) Deciding policy rates like CRR, Repo Rate/SLR etc. 3. Refinance facility is provided by NABARD. Which institutions can avail this facility? A) State cooperative banks. B) Regional rural banks. C) Commercial bank. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Which of the following does not form a part of the foreign exchange reserves of India? A) Foreign currency & securities held by the banks & corporate bodies. B) Foreign currency assets. C) Gold. D) SDR. Show Answer Correct Answer: A) Foreign currency & securities held by the banks & corporate bodies. 5. The Global Hunger Index is compiled by the A) Food and Agricultural Organisation. B) United Nations Development Programme. C) International Food Policy Research Institute. D) United Nations World Food Programme. Show Answer Correct Answer: C) International Food Policy Research Institute. 6. National Housing Bank is wholly owned by which of the following institutions? A) RBI. B) SEBI. C) SBI. D) None of the Above. Show Answer Correct Answer: A) RBI. 7. In which year did second phase of nationalization of banks took place? A) 1979. B) 1980. C) 1990. D) 1969. Show Answer Correct Answer: B) 1980. 8. Which of the following institutions issue the Special Drawing Rights? A) IMF. B) BIS. C) World Bank. D) RBI. Show Answer Correct Answer: A) IMF. 9. Financial inclusion means which of the following? A) Retail banking. B) Bringing all poor people under banking net. C) Financial statements. D) Wholesale banking. Show Answer Correct Answer: B) Bringing all poor people under banking net. 10. Which one is not a finance company? A) Hire-purchase finance company. B) Loan companies. C) Mutual Benefit finance companies. D) IRDA. Show Answer Correct Answer: D) IRDA. 11. Which of the following enacted a revised regulatory framework regarding CIC? A) MFI. B) SEBI. C) RBI. D) None of the above. Show Answer Correct Answer: C) RBI. 12. Which bank launched India's first loan disbursement card? A) IDBI. B) UTI. C) SBI. D) ICICI. Show Answer Correct Answer: D) ICICI. 13. What is meant by "Underwriting", the term frequently used in financial sector? [Punjab & Sindh 2011] A) The act of permission to float an IPO. B) Giving a Guarantee that a loan will not become a bad loan. C) The act of taking on a risk for a fee. D) Undervaluation of the assets. Show Answer Correct Answer: C) The act of taking on a risk for a fee. 14. In which year the Royal Commission on Indian Currency and Finance recommended the creation of a central bank for India? A) 1927. B) 1929. C) 1928. D) 1926. Show Answer Correct Answer: D) 1926. 15. According to the latest World Development Indicators (WDI) data, public spending on health and education in India is .....percent of country's GDP. Fill the blank with correct option? A) 8.9. B) 8.5. C) 4.7. D) 7. Show Answer Correct Answer: C) 4.7. 16. The effect of a crossing a cheque is A) The payee can obtain payment only through a bank account. B) The payee Is compelled to open an account. C) The payee will have to endorse the cheque to a bank. D) None of these. Show Answer Correct Answer: A) The payee can obtain payment only through a bank account. 17. What amount of Gold RBI needs to maintain under the Minimum Reserve System? A) Rs 115 crore. B) Rs 150 crore. C) Rs 100 crore. D) Rs 200 crore. Show Answer Correct Answer: A) Rs 115 crore. 18. If an Indian Citizen renting a flat in London it is to be included in . A) GDP of London. B) GDP of India. C) GNP of India. D) GNP of London. Show Answer Correct Answer: A) GDP of London. 19. Where was the first printing press for bank notes setup in India? A) Bhopal. B) Pune. C) Nasik. D) New Delhi. Show Answer Correct Answer: C) Nasik. 20. Small loans provided by the Banks to very poor families without any collateral security is popularly known as A) Macro finance. B) Project finance. C) Micro finance. D) Personal finance. Show Answer Correct Answer: C) Micro finance. 21. What is the repayment period for the Home loan for a NRI? A) 65 Years. B) 40 Years. C) 30 Years. D) 60 Years. Show Answer Correct Answer: C) 30 Years. 22. Which of the following happened to be the first private bank in India to receive an in-principle approval from RBI? A) United Western Bank. B) HDFC Bank. C) Yes Bank. D) ICICI Bank. Show Answer Correct Answer: B) HDFC Bank. 23. Interest below which a bank is not expected to lend to customers is known as . A) Deposit Rate. B) Base Rate. C) Prime Lending Rate. D) Bank Rate. Show Answer Correct Answer: B) Base Rate. 24. In pension plans for employees, special account through which funds are remained nontaxable until employee retires is classified as? A) Keogh retirement account. B) Individual retirement account. C) Vesting account. D) Portability account. Show Answer Correct Answer: B) Individual retirement account. 25. Which of the following is not the currency included in the SDR basket? A) Chinese Yuan. B) Japanese Yen. C) Brazil Real. D) U.S. Dollar. Show Answer Correct Answer: C) Brazil Real. 26. What is the upper age limit for Pradhan Mantri Jeevan Jyoti Bima Yojana renewable insurance scheme? A) 55 years. B) 60 years. C) 50 years. D) 65 years. Show Answer Correct Answer: C) 50 years. 27. All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC. What is the full form of DICGC? A) Deposit Insurance and Credit Guarantee Company. B) Deposit Insurance and Credit Guarantee Corporation. C) Direct Insurance and Credit Guarantee Corporation. D) Direct Insurance and Credit Guarantee Company. Show Answer Correct Answer: B) Deposit Insurance and Credit Guarantee Corporation. 28. Interest on Government securities on fixed basis is known as A) Bench mark PLR. B) Coupon. C) Prime Lending Rate. D) Bank rate. Show Answer Correct Answer: B) Coupon. 29. Which one of the following statements is true regarding IMF? A) It can grant loan to State Government of a country. B) It grants loan only to member nations. C) It is not an agency of UNO. D) It can grant loan to any country of the world. Show Answer Correct Answer: B) It grants loan only to member nations. 30. Forced saving refers to..... A) Reduction of consumption consequent to a rise in prices. B) Compulsory deposits imposed on income tax payers. C) Provident fund contributions of private sector employees. D) Taxes on individual income & wealth. Show Answer Correct Answer: B) Compulsory deposits imposed on income tax payers. ← 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