This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A person or an institution who normally resides in country and whose economic interest lies in that country is known as: A) Normal Resident of a country. B) Non-resident of a country. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: A) Normal Resident of a country. 2. When a Bank manages properties of its customers, it becomes a ..... A) Trustee. B) Debtor. C) Creditor. D) Beneficiary. Show Answer Correct Answer: A) Trustee. 3. "Momentum 2.0" -India's first virtual shopping app for the metro was launched by? A) Hyderabad. B) Chennai. C) Delhi. D) Kolkata. Show Answer Correct Answer: C) Delhi. 4. Which bank gives long term loan to farmers? A) NABARD. B) Land Development Bank. C) SBI. D) Rural banks. Show Answer Correct Answer: B) Land Development Bank. 5. Find out factor payment from the following: A) Subsidies. B) Old Age Pension. C) Profit. D) Income Tax. Show Answer Correct Answer: C) Profit. 6. What is the theme for this year's Digital Payments Awareness Week? A) Har payment digital. B) Digital Payment Apnao, Auron ko bhi sikhao. C) Safe Practices in Digital Transactions. D) E-Payments for Everyone, Everywhere, Everytime. Show Answer Correct Answer: B) Digital Payment Apnao, Auron ko bhi sikhao. 7. Indian Government Bond yields are influenced by which of the following?1. Actions of the United States Federal Reserve 2. Actions of the Reserve Bank of India 3. Inflation and short-term interest rates.Select the correct answer using the code given below A) 1 & 2 only. B) 2 only. C) 1 & 3only. D) 1, 2 and 3. Show Answer Correct Answer: D) 1, 2 and 3. 8. The minimum capital required to set up a Local area bank in India is ..... A) 1 crore. B) 5 crore. C) 10 crore. D) 50 crore. Show Answer Correct Answer: B) 5 crore. 9. According to the RBI directions, a NBFC (Non-Banking Finance Company) must possess a Net-owned Fund of the amount: A) Minimum Rs.5 lakh. B) Minimum Rs. 10 lakh. C) Minimum Rs. 25 lakh. D) Minimum Rs. 50 lakh. Show Answer Correct Answer: C) Minimum Rs. 25 lakh. 10. NBFC is a company registered under ..... A) The RBI Act. B) The Indian Contract Act. C) The Companies Act, 1956. D) Co-operative society Act. Show Answer Correct Answer: A) The RBI Act. 11. Merchant bankers are:..... A) Merchant. B) Banks. C) Neither merchants nor banks. D) None of above. Show Answer Correct Answer: C) Neither merchants nor banks. 12. Which document is a prepayment instrument that allows a bank's customer to withdraw money from their account to the card? A) Credit Card. B) Debit Card. C) Demand Draft. D) Electronic Clearing Service (ECS). Show Answer Correct Answer: B) Debit Card. 13. ..... accounts are opened by the persons who want to save some part of their income either to earn interest on deposit or for safety purposes. A) Current. B) Savings. C) Term. D) Recurring. Show Answer Correct Answer: B) Savings. 14. In 1969, What amount of deposit with a bank was the minimum requirement for a bank to be nationalised? A) 150 crore. B) 50 crore. C) 750 crore. D) 500 crore. Show Answer Correct Answer: B) 50 crore. 15. Which among the following is the oldest Development Financial Institution of India? A) UTI. B) IDBI. C) ICICI. D) IFCI. Show Answer Correct Answer: D) IFCI. 16. Mr. Pankaj took Health insurance policy for his family nad paid Rs. 900 as SGST. Find the total annual premium paid by him for his policy, rate of GST being 18% A) Rs. 8000. B) Rs. 9000. C) Rs. 10000. D) Rs. 12000. Show Answer Correct Answer: C) Rs. 10000. 17. Which of the following is not correct about EDGE? A) Digitisation. B) Excellence. C) Employees. D) Growth. Show Answer Correct Answer: B) Excellence. 18. RBI Innovation Hub is located at? A) Nagpur. B) Hyderabad. C) Mumbai. D) Bengaluru. Show Answer Correct Answer: D) Bengaluru. 19. The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993] A) Treasury. B) Clearing House. C) Collection Centre. D) Dumping Ground. Show Answer Correct Answer: B) Clearing House. 20. IRDP is poverty alleviation programme in ..... area A) Urban. B) Rural. C) Semi urban. D) None of above. Show Answer Correct Answer: B) Rural. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndian Banking System And Capital Market Quiz 1Indian Banking System And Capital Market Quiz 2Indian Banking System And Capital Market Quiz 4Indian Banking System And Capital Market Quiz 5Indian Banking System And Capital Market Quiz 6Indian Banking System And Capital Market Quiz 7Indian Banking System And Capital Market Quiz 8Indian Banking System And Capital Market Quiz 9Indian Banking System And Capital Market Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books