This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Affairs > Banking Affairs – Quiz 82 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Affairs Quiz 82 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Regional Rural Banks (RRBs) are classified as A) Scheduled commercial banks. B) Subsidiaries of the sponsor banks. C) Subsidiaries of NABARD. D) All of the above. Show Answer Correct Answer: A) Scheduled commercial banks. 2. Banking Ombudsman Scheme is applicable to the business of A) All scheduled commercial banks excluding RRBs. B) All scheduled commercial banks including RRBs. C) Only public sector banks. D) All banking companies. Show Answer Correct Answer: B) All scheduled commercial banks including RRBs. 3. Banks usually collect penal rate of interest on.....for the premature withdrawal of fixed deposits? A) Maturity amount. B) Minimum deposit amount. C) Principal. D) Rate of interest. Show Answer Correct Answer: D) Rate of interest. 4. Per capita income is obtained by dividing National Income by A) Total population of the country. B) Total working population. C) Volume of the capital used. D) Area of the country. Show Answer Correct Answer: A) Total population of the country. 5. What is the Banking combining banking and consultancy services called as? A) Narrow Banking. B) Merchant Banking. C) Unit Banking. D) Wholesale Banking. Show Answer Correct Answer: B) Merchant Banking. 6. A Bill of Exchange in which a bank orders its branch or another bank, as the case may be, to pay a specified amount to a specified person or to the order of the specified person is called A) Cheque. B) Bankdraft. C) Insurance. D) Promissory note. Show Answer Correct Answer: D) Promissory note. 7. Which of these committees in 1945 recommended the setting up of a Cooperative Training College in every state? A) Narsimaham Committee. B) Rajagopalachari Committee. C) Machalan Committee. D) Saraiya Committee. Show Answer Correct Answer: D) Saraiya Committee. 8. Which of the following agencies was set up to promote new technological inputs in rural sector? A) IDBI. B) SIDBI. C) HUDCO. D) CAPART. Show Answer Correct Answer: D) CAPART. 9. SMERA has been registered under which of the following Acts? A) Securities and Exchange Board of India Act, 1992. B) Reserve Bank of India Act, 1934. C) Banking Regulation Act, 1949. D) Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. Show Answer Correct Answer: D) Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. 10. Which of the following is the management of securities of the corporate sector offered to the public on a regular basis? A) Private Issues Management. B) Public Issues Management. C) Securities Issues Management. D) Corporate Issues Management. Show Answer Correct Answer: B) Public Issues Management. 11. The Reserve Bank of India recently announced its decision to reduce the number of mandated free transactions for savings bank account holders at other bank ATMs located in six metro cities from five to three per month. This reduction would come into effect from which date? A) 1 November 2014. B) 1 October 2014. C) 25 October 2014. D) 1 December 2014. Show Answer Correct Answer: A) 1 November 2014. 12. NBFCs are required to accept public deposit for a maximum period of how many months? A) 48 months. B) 36 months. C) 60 months. D) 120 months. Show Answer Correct Answer: C) 60 months. 13. Basel Norms are related with further strengthening and performance of A) Hotels. B) Banking industry. C) Educational institutes. D) Public sector manufacturing units. Show Answer Correct Answer: B) Banking industry. 14. Which of the following is the largest bank in the world in terms of market capitalization? A) Bank of America. B) China Construction Bank. C) Industrial & Commercial Bank of China. D) Wells Fargo & Co. Show Answer Correct Answer: C) Industrial & Commercial Bank of China. 15. Bancassurance is [Corporation Bank 2011] A) An insurance scheme to insure bank deposits. B) An insurance scheme exclusively for the employees of banks. C) A composite finacial service offering both banking and insurance products. D) None of these. Show Answer Correct Answer: D) None of these. 16. External Commercial Borrowings is a part of..... A) Current Account. B) Balance of Payment. C) Capital Account. D) Balance of Trade. Show Answer Correct Answer: C) Capital Account. 17. Amongst the currency quotes USD/JPY, USD/Euro and USD/CAD, which one of the following is referred as the base currency for quotes? A) Euro. B) USD. C) JPY. D) CAD. Show Answer Correct Answer: B) USD. 18. Which of the following provides a unified "Kisan Card" issued by banks across the country under Kisan Credit Card, enabling farmers to transact business on ATMs and POS terminals? A) RuPay Card. B) Maestro Card. C) Forex Card. D) None of The Above. Show Answer Correct Answer: A) RuPay Card. 19. How many payments banks have actually started operations since RBI has granted the in-principle approval? A) 6. B) 9. C) 3. D) 5. Show Answer Correct Answer: A) 6. 20. When was the SARFAESI Act enacted? A) 1999. B) 2002. C) 2006. D) 2004. Show Answer Correct Answer: B) 2002. 21. Which of the following is the largest Housing Finance Company in India? A) IHFL. B) HUDCO. C) HDFC. D) SBI. Show Answer Correct Answer: C) HDFC. 22. Loan disbursed by an NBFC-MFI to a borrower with a rural household annual income should not exceed how much amount? A) Rs. 2, 00, 000. B) Rs. 4, 00, 000. C) Rs. 1, 00, 000. D) Rs. 3, 00, 000. Show Answer Correct Answer: C) Rs. 1, 00, 000. 23. Which of the following is not considered as negotiable instrument underthe Negotiable Instruments Act, 1881? A) Share Certificate. B) Bill of Exchange. C) Promissory Note. D) Cheque Payable to Bearer. Show Answer Correct Answer: D) Cheque Payable to Bearer. 24. What was the objective of Y H Malegam committee set up by RBI? A) Review of Poverty Line. B) Licensing of Small Finance Banks. C) Monitoring of bad loans. D) None of the above. Show Answer Correct Answer: C) Monitoring of bad loans. 25. The society for world-wide inter-bank financial telecommunication (SWIFT) A) Was registered as a company in Belguim. B) Is a bank-owned non-profit co-operative society. C) Became operational in May 1977. D) None of these. Show Answer Correct Answer: B) Is a bank-owned non-profit co-operative society. 26. Which amongst the following promoted the concept of self help groups (SHGs) for financing the poor? A) Union Ministry of Rural development. B) RBI. C) NABARD. D) Union Ministry of labour. Show Answer Correct Answer: C) NABARD. 27. In India, which among the following is/are a part of Legal Tender Money? A) Both coins and currency notes. B) Both coins and bank drafts. C) Both currency notes and SDRs. D) Only currency notes issued by RBI. Show Answer Correct Answer: A) Both coins and currency notes. 28. Economic Planning comes under which of the following lists? A) Union List. B) Concurrent list. C) State List. D) A and C. Show Answer Correct Answer: B) Concurrent list. 29. Your bank's customer XYZ enjoys a CC limit of Rs. 100000. The CC account shows a credit balance of Rs. 10205. The relationship between your bank and XYZ limited is A) Bailee/bailor. B) Bailor/bailee. C) Debtor/creditor. D) Creditor/debtor. Show Answer Correct Answer: C) Debtor/creditor. 30. The 'Dolex' Indicator is related to which of the following Financial Markets? A) New York. B) Mumbai. C) Tokyo. D) Hong Kong. Show Answer Correct Answer: B) Mumbai. ← 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