This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 79 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 79 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Opening of maximum number of ATMs is an example of A) Indirect marketing. B) Direct marketing. C) Social marketing. D) All of these. Show Answer Correct Answer: B) Direct marketing. 2. Money market is a market for debt securities that pay off in the short term A) Usually less than two years. B) Usually less than three years. C) Usually less than one year. D) Usually less than five years. Show Answer Correct Answer: C) Usually less than one year. 3. Which of these payment modes can be used for payment over BBPS? A) Cash. B) Transfer Cheques. C) Electronic modes. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. The Union Budget for 1995-96 proposed the creation of RIDF in NABARD, with a corpus of Rs. 2, 000 cr. What is the full form of RIDF? A) Rural India Decoration Forum. B) Research and Industrial Development Forum. C) Rural Infrastructure Development Fund. D) Research and Industrial Development Fund. Show Answer Correct Answer: C) Rural Infrastructure Development Fund. 5. In case of FCNR (2) Scheme, the period for fixed deposits is A) As applicable to resident accounts. B) For terms not less than 1 year and not more than 5 years. C) For terms not less than 2 years and not more than 6 years. D) At the discretion of the bank. Show Answer Correct Answer: B) For terms not less than 1 year and not more than 5 years. 6. What is not a mechanisms that contributes to the success of micro credits? A) Dynamic incentives. B) Regular repayment schedules. C) Peer monitoring. D) Collaterals. Show Answer Correct Answer: D) Collaterals. 7. At which place, East India Company established its first presidency bank? A) Surat. B) Bombay. C) Calcutta. D) Madras. Show Answer Correct Answer: C) Calcutta. 8. Which of the following activities cannot be undertaken by a Payments Bank? A) Accept Deposits. B) Payment of Utility Bills. C) Lending Money. D) None of the above. Show Answer Correct Answer: C) Lending Money. 9. Coins upto what amount are called RS.small coins' in India? A) 1 rupee. B) 50 paise. C) 25 paise. D) 2 rupee. Show Answer Correct Answer: B) 50 paise. 10. Scheduled bank means a bank A) Incorporated under the Companies Act, 1956. B) Governed by the Banking Regulation Act, 1949. C) Authorised to transact government business. D) Included in the Second Schedule to the Reserve Bank of India Act, 1934. Show Answer Correct Answer: D) Included in the Second Schedule to the Reserve Bank of India Act, 1934. 11. Which score is considered as the maximum credit score in India? A) 700. B) 345. C) 750. D) 900. Show Answer Correct Answer: D) 900. 12. The most significant feature of ICICI's operations is A) The foreign currency loans sanctioned by it. B) To channelise World Bank Funds to industry in India and to build capital market in India. C) The refinance facilities extended by it. D) Both A and B. Show Answer Correct Answer: D) Both A and B. 13. Which among the following are known as Narrow Money? A) $M_1$ and $M_2$. B) $M_2$ and $M_3$. C) $M_3$ and $M_4$. D) $M_1$ and $M_2$. Show Answer Correct Answer: A) $M_1$ and $M_2$. 14. Which of the following is most similar to a stock broker? A) Futures commission merchant. B) Floor broker. C) Local. D) Pit trader. Show Answer Correct Answer: A) Futures commission merchant. 15. When did the Banking Regulation Act come into effect? A) 10th March 1949. B) 6th March 1950. C) 12th March 1950. D) 16th March 1949. Show Answer Correct Answer: D) 16th March 1949. 16. What is the total No. of PSEs companies listed in Navratna status? A) 12. B) 10. C) 16. D) 9. Show Answer Correct Answer: C) 16. 17. National Food Security Mission was launched in the year..... A) 2005-06. B) 2006-07. C) 2008-09. D) 2007-08. Show Answer Correct Answer: D) 2007-08. 18. Non-bank entities must have net worth of at least how much to be eligible for operating white label ATMs: A) Rs. 400 cr. B) Rs. 200 cr. C) Rs. 100 cr. D) Rs. 300 cr. Show Answer Correct Answer: C) Rs. 100 cr. 19. What is the minimum paid-up capital requirements for Small Finance Banks? A) Rs 50 crore. B) Rs 10 crore. C) Rs 200 crore. D) Rs 100 crore. Show Answer Correct Answer: D) Rs 100 crore. 20. In the recent Union Budget 2014-15, Agriculture University will be set up in? A) Haryana & Punjab. B) Uttar Pradesh & Bihar. C) Gujarat & Maharashtra. D) Andhra Pradesh & Rajasthan. Show Answer Correct Answer: D) Andhra Pradesh & Rajasthan. 21. Why were Banks nationalised in India? A) To borrow money from USA. B) To follow the IMF guidelines. C) To provide the government of India more control of credit delivery. D) All of the above. Show Answer Correct Answer: C) To provide the government of India more control of credit delivery. 22. A bank normally does not have to deal with an issue related to [Indian Bank 2010] A) Payments and settlement systems. B) Contractual rights of creditors. C) Intellectual property rights. D) Cases of insolvency. Show Answer Correct Answer: C) Intellectual property rights. 23. Which among the following defines a non performing asset? A) In a loan account, the principal due has not been paid for more than ninety days. B) In a loan account, the interest due has not been paid for more than ninety days. C) Both A and B. D) Assets that have not been commented upon by the bank auditors. Show Answer Correct Answer: C) Both A and B. 24. The beneficiaries of Micro finance business are..... A) Land Less labour. B) Marginal farmers. C) Vendors in the small markets. D) All the above. Show Answer Correct Answer: D) All the above. 25. Which of the following terms is not used in banking world? A) Financial status. B) Credit. C) Absolute zero. D) Rate. Show Answer Correct Answer: C) Absolute zero. 26. Stagflation refers to..... A) High inflation in periods of full employment. B) Deflation in periods of stagnant employment. C) High inflation in periods of high unemployment. D) High deflation in periods of high unemployment. Show Answer Correct Answer: C) High inflation in periods of high unemployment. 27. Under which act the banks, which are desirous of operating as BBPOUs, need to get the approval? A) Banking & Regulation Act 1949. B) RBI Act 1934. C) Payments & settlement System Act, 2007. D) None of the above. Show Answer Correct Answer: C) Payments & settlement System Act, 2007. 28. What does S stands for in SFMS in relation to NEFT payment method? A) Structured. B) Statutory. C) Systematic. D) Savings. Show Answer Correct Answer: A) Structured. 29. Narrow banking means A) The bank branch which has narrow corridors. B) The bank situated in narrow street. C) The bank which accepts deposits and invests the amount in government securities. D) The bank which only lends loans and not accepts any deposits from the public. Show Answer Correct Answer: C) The bank which accepts deposits and invests the amount in government securities. 30. FRBM Act stands for: A) Fiscal Revenue and Budget Management. B) Foreign Revenue and Business Management. C) Fiscal Responsibility and Budget Management. D) Foreign Responsibility and Budget Management. Show Answer Correct Answer: C) Fiscal Responsibility and Budget Management. ← 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