This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 8 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Invisible export means export of..... A) Unrecorded goods. B) Services. C) Prohibited goods. D) Goods through smuggling. Show Answer Correct Answer: B) Services. 2. Which of the following mobilise (s) the savings of the public to specifically invest in the industrial securities? A) U T I. B) L I C. C) G I C. D) All of these. Show Answer Correct Answer: D) All of these. 3. A bank normally does not have to deal with an issue related to 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. 4. The country's First ever socio-economic and caste census to identify people living below poverty line was recently started from a tribal village Sankhola in..... A) West Bengal. B) Maharashtra. C) Tripura. D) Assam. Show Answer Correct Answer: C) Tripura. 5. As per the decision taken by the Government of India, now the National Rural Employment Guarantee Act is extended to all the districts of India. This means it will now be applicable to about. A) 400 districts. B) 300 districts. C) 200 districts. D) 600 districts. Show Answer Correct Answer: D) 600 districts. 6. Which of the following is a correct statement? [IBPS 2011] A) Normally no interest is paid on current deposit accounts. B) Interest is paid on current accounts at the same rate as term deposit accounts. C) The rate of interest on current account and savings account are the same. D) No interest is paid on any deposit by the bank. Show Answer Correct Answer: A) Normally no interest is paid on current deposit accounts. 7. Which of the following institute is the regulator of the housing finance in India? A) CIBIL. B) SEBI. C) RBI. D) NHB. Show Answer Correct Answer: D) NHB. 8. Reserve bank of India, in regard to RTGS, has decided that A) There would be accessible to all retail customers. B) There would be no floor ceiling for routing transactions through RTGS. C) Settlement of transactions of the clearing corporations of India and the stock market would be conducted through RTGS. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. In the context with Investment what are A, AA+ and AAA? A) Market stability Index. B) Stock exchange Index. C) Credit ratings. D) Profit equity Index. Show Answer Correct Answer: C) Credit ratings. 10. How many banks were fined by the Reserve Bank of India (RBI) on 25 July 2014 for violating central bank rules in the case of Deccan Chronicle Holdings? A) Thirteen. B) Ten. C) Twelve. D) Eleven. Show Answer Correct Answer: C) Twelve. 11. Where is the headquarter of SBI located in India? A) Chennai. B) New Delhi. C) Bangalore. D) Mumbai. Show Answer Correct Answer: D) Mumbai. 12. How many times has financial emergency been declared in India so far? A) 5 times. B) Once. C) 4 times. D) Never. Show Answer Correct Answer: D) Never. 13. Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) sector? A) IDBI. B) SIDBI. C) IFCI. D) NABARD. Show Answer Correct Answer: B) SIDBI. 14. What is the name of the ambitious e-governance project of the Union Govt., which was approved by the Union Cabinet recently and which aims to ensure that government services are available to citizens electronically? A) Nav Bharat Nirmaan Project. B) Digital India Project. C) Adhunik Bharat Project. D) Digital Bharat Project. Show Answer Correct Answer: B) Digital India Project. 15. IRDA with its headquarters at.....is the Regulatory Authority for all insurance companies in India including the Life Insurance Corporation of India. A) Mumbai. B) Hyderabad. C) Bengaluru. D) Delhi. Show Answer Correct Answer: B) Hyderabad. 16. Which of the following is NOT a Govt-sponsored organisation? A) Small Industries Development Bank of India. B) NABARD. C) National Housing Bank. D) ICICI Bank. Show Answer Correct Answer: D) ICICI Bank. 17. Under the Ombudsman scheme for NBFC, who is the appellate authority for handling the complaints? A) Finance Secretary. B) Chief General Manager, RBI. C) Any Judge of Supreme Court. D) Deputy Governor. Show Answer Correct Answer: D) Deputy Governor. 18. As we know, the RBI is the apex bank of India. Similarly, the apex Bank of the USA is called..... A) Federal Reserve. B) The Central Bank of USA. C) Bank of America. D) Central National Bank of USA. Show Answer Correct Answer: A) Federal Reserve. 19. Which of the following would not make a distinction between a hire purchase and a RS.normal' purchase? A) Trade discounts cannot be offered on hire purchase. B) Asset does not belong to purchaser when delivery is received from supplier. C) Cost to buyer is likely to be higher than it would be for a normal purchase. D) Purchaser pays for item by instalments over a period of time. Show Answer Correct Answer: A) Trade discounts cannot be offered on hire purchase. 20. Which one of the following countries has launched the "Operation Barkhane" a counter terrorism operation in against Islamist militant in Northern Africa? A) Germany. B) France. C) USA. D) Russia. Show Answer Correct Answer: B) France. 21. Where was Citi Bank India first established its office in 1902? A) Madras. B) Bombay. C) Calcutta. D) Dhaka. Show Answer Correct Answer: C) Calcutta. 22. Microcredit is defined as..... A) It is the small credit given to poor. B) It is the instalment given by Farmers against Loan. C) It is the amount given by Govt. for Small Industries Development. D) None of these. Show Answer Correct Answer: A) It is the small credit given to poor. 23. A non-negotiable crossing is a..... A) Restricted crossing. B) Special crossing. C) Non-transferable crossing. D) None of these. Show Answer Correct Answer: D) None of these. 24. SEBI is related to..... A) Bank. B) Government of India. C) Share Market. D) State Government. Show Answer Correct Answer: C) Share Market. 25. Which nationalised bank was merged with Punjab National bank in 1993? A) Punjab and Sind Bank. B) Ludhiana Area bank. C) Majha united bank. D) New Bank of India. Show Answer Correct Answer: D) New Bank of India. 26. In Negotiable Instruments Act, the Cheque is covered under which section? A) Section 13. B) Section 6. C) Section 5. D) Section 4. Show Answer Correct Answer: B) Section 6. 27. Which are the banks covered under the Banking Ombudsman Scheme, 2006? A) Scheduled Commercial Banks. B) Regional Rural Banks. C) Scheduled Primary Co-operative Banks. D) All of these. Show Answer Correct Answer: D) All of these. 28. Which of the following would be treated as an unsecured loan? A) Educational loan. B) Vehicle loan. C) Personal loan. D) Agricultural loan. Show Answer Correct Answer: C) Personal loan. 29. In the opinion of the Governor of Reserve Bank of India, which one of the following is the reason owing to which india's inflation is accelerating? A) Excess liquidity in market. B) Commodities Futures. C) Speculation in essential goods. D) Higher Food cost. Show Answer Correct Answer: A) Excess liquidity in market. 30. Which of the following is true about merchant bank? A) Underwrites securities for corporations. B) Advice clients on mergers. C) Involved in ownership of commercial ventures. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books