This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 80 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 80 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Bank Rate is..... A) Rate at which commercial banks borrow long term funds from central Bank. B) Rate at which commercial banks borrow short term funds from central bank. C) Currently Bank rate is 8.5%. D) Both A and C. Show Answer Correct Answer: D) Both A and C. 2. Which of the following rates/ratios is not covered under the RBI monetary and credit policy? A) Repo rate. B) Exchange rate of foreign currencies. C) Reverse repo rate. D) Bank rate. Show Answer Correct Answer: B) Exchange rate of foreign currencies. 3. Which of the following is most liquid measure of money supply in India? A) $M_2$. B) $M_4$. C) $M_1$. D) $M_3$. Show Answer Correct Answer: C) $M_1$. 4. In which of the following accounts, you do not get interest? A) Savings account. B) Current account. C) Both 1 and 2. D) None of the above. Show Answer Correct Answer: B) Current account. 5. Which of the following bill is regarding timely delivery of information & documents like birth & death certificates & revenue records to people & empowering them to file complaints against delays? A) Right to Education. B) Jan Lokpal Bill. C) Janhit Guarantee Bill. D) Jansewa Guarantee Bill. Show Answer Correct Answer: C) Janhit Guarantee Bill. 6. What is the number of digits in IFSC Code? A) 9. B) 15. C) 11. D) 7. Show Answer Correct Answer: C) 11. 7. Any change in flow of funds and the demand of them, is clearly reflected in which of the following? A) Call money market. B) Money market. C) Repo market. D) Commercial bill market. Show Answer Correct Answer: A) Call money market. 8. Expand the term BCBS. A) Bank's Committee on Banking Supervision. B) Basel Commission on Banking Supervision. C) Basel Committee on Banking Supervision. D) Bank's Commission on Banking Supervision. Show Answer Correct Answer: B) Basel Commission on Banking Supervision. 9. Which of these banks was earlier known as UTI Bank? A) IndusInd Bank. B) ICICI Bank. C) YES bank. D) Axis Bank. Show Answer Correct Answer: D) Axis Bank. 10. What are the Pre-Payment charges applied on paying personal loan before tenure period. A) 1-2% of the Principal. B) 10% of the Principal. C) 5% of the Principal. D) 7% of the Principal. Show Answer Correct Answer: A) 1-2% of the Principal. 11. What is the time period for a term loan to be classified as NPA? A) 90 days. B) 365 days. C) 60 days. D) 30 days. Show Answer Correct Answer: A) 90 days. 12. Mutual funds fall within supervisory purview of A) SBI. B) RBI. C) SEBI. D) IRDA. Show Answer Correct Answer: D) IRDA. 13. Liberalized Exchange Rate Management System (LERMS) is effective from which of the following dates? A) April1, 1993. B) June 1, 1993. C) July 1, 1993. D) March1, 1993. Show Answer Correct Answer: D) March1, 1993. 14. We know that RBI is the apex bank of India. Similarly the apex Bank of the USA is: A) Central National Bank of USA. B) Bank of America. C) Federal Reserve Bank. D) The Central Bank of USA. Show Answer Correct Answer: C) Federal Reserve Bank. 15. Which among the following accounts deposit fetch the highest rate of interest? A) Fixed deposit. B) Recurring deposit. C) Current account deposit. D) Savings deposit. Show Answer Correct Answer: A) Fixed deposit. 16. The chief economic advisor to the Government of India has recently changed. Who is the present incumbent? A) Kaushik Basu. B) Raghurm Rajan. C) Rakesh Mohan. D) Bimal Jalan. Show Answer Correct Answer: B) Raghurm Rajan. 17. Which one of the following factors is taken into account to calculate the Balance of Payment (BoP) of a country? A) Current account. B) Changes in the foreign exchange. C) Errors and omissions. D) All of these. Show Answer Correct Answer: D) All of these. 18. Which of the following means 'indorsement in blank' of an instrumentnder section 16 of the Negotiable Instrument Act? A) Where the indorser does not write anything on the instrument. B) Where the indorser writes his name only on the instrument. C) Where the indorser writes the name of the person who is directed to pay. D) None of the above. Show Answer Correct Answer: B) Where the indorser writes his name only on the instrument. 19. The one-rupee note bears the signature of..... A) Finance Secretary. B) RBI Governor. C) Finance Minister. D) Deputy Governor. Show Answer Correct Answer: A) Finance Secretary. 20. Who among the following is the primary regulator of Banking business? A) Parliament. B) State Government. C) Reserve Bank of India. D) Central Government. Show Answer Correct Answer: C) Reserve Bank of India. 21. The arrangement under which banks sell insurance products acting as the agents of the respective companies is called the A) Insurance joint venture. B) Hybrid Insurance Model. C) Insurance Broking. D) Bancassurance Model. Show Answer Correct Answer: D) Bancassurance Model. 22. What does FSDC stand for? A) Financial Security and Development Council. B) Financial Stability and Development Council. C) Fiscal Security and Development Council. D) Fiscal Stability and Development Council. Show Answer Correct Answer: B) Financial Stability and Development Council. 23. .....has been set up for exchange of credit information among its members? A) EXIM Bank. B) ECGL. C) CIBIL. D) DICGCI. Show Answer Correct Answer: C) CIBIL. 24. Which committee proposed to raise the compulsory insurance of bank deposits up to 5 Lakhs? A) Aravind Mayaram. B) Syamala Gopinath. C) Usha Thorat. D) Damodaran. Show Answer Correct Answer: D) Damodaran. 25. Indian Commercial Banks are categorized into A) Public sector Banks. B) Foreign Banks. C) Private Sector Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. Which one of the following institutions publish the report of 'World Economic Outlook'? A) IMF. B) World Bank. C) UNCTAD. D) RBI. Show Answer Correct Answer: A) IMF. 27. Which one of the following items is not included in the current account of India's balance of payments? A) Transfer payments. B) Short-term commercial borrowings. C) Investment income. D) Non-monetary gold movements. Show Answer Correct Answer: B) Short-term commercial borrowings. 28. Which of these committees reviewed the financial position of all RRBs in 2010 and recommended for recapitalization? A) Rangarajan committee. B) Chakrabarty Committee. C) Sukhmoy committee. D) K.C Tyagi committee. Show Answer Correct Answer: B) Chakrabarty Committee. 29. Which was the first RRB to be set up in the Eastern Region of India? A) Odisha Gramin Bank. B) Assam Gramin Bank. C) Gour Gramin Bank. D) Serampore Gramin Bank. Show Answer Correct Answer: C) Gour Gramin Bank. 30. In Negotiable Instruments Act, the Bill of Exchange is covered under which section? A) Section 13. B) Section 6. C) Section 5. D) Section 4. Show Answer Correct Answer: C) Section 5. ← 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