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Banking Awareness Quiz – Set 144

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Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1. ______ is a banking system in which banks provide a wide variety of financial services, including commercial and investment services.
    A. Retail Banking
    B. Universal Banking
    C. Consumer Banking
    D. Merchant Banking
    E. None of these
    B. Universal Banking
    Explanation:
    Universal Banking is a banking system in which banks provide a wide variety of financial services, including commercial and investment services.

  2. The concept of Universal Banking implemented in India after the recommendations of _______
    A. R.H. Khan Committee
    B. Dutta Committee
    C. P Selvam Committee
    D. PL Tandon Committee
    E. None of these
    A. R.H. Khan Committee
    Explanation:
    The concept of Universal Banking implemented in India after the recommendations of R.H. Khan Committee.

  3. ________ is a measure of the liquid money supply within an economy.
    A. NEFT
    B. IMPS
    C. SWIFT
    D. MZM
    E. None of these
    D. MZM
    Explanation:
    Money Zero Maturity(MZM) is a measure of the liquid money supply within an economy.

  4. Which of the following is a fraud investigating agency in India?
    A. NEFT
    B. IMPS
    C. SWIFT
    D. MZM
    E. SFIO
    E. SFIO
    Explanation:
    The Serious Fraud Investigation Office (SFIO) is a fraud investigating agency in India.

  5. __________ is under the jurisdiction of the Ministry of Corporate Affairs, Government of India.
    A. NEFT
    B. IMPS
    C. SWIFT
    D. MZM
    E. SFIO
    E. SFIO
    Explanation:
    The Serious Fraud Investigation Office (SFIO) is under the jurisdiction of the Ministry of Corporate Affairs, Government of India.

  6. The Headquarters of SFIO is _________
    A. New Delhi
    B. Mumbai
    C. Chennai
    D. Hyderabad
    E. None of these
    A. New Delhi
    Explanation:
    The Headquarters of Serious Fraud Investigation Office(SFIO) is New Delhi.

  7. Serious Fraud Investigation Office(SFIO) has _______ regional offices
    A. One
    B. Two
    C. Three
    D. Four
    E. None of these
    D. Four
    Explanation:
    Serious Fraud Investigation Office(SFIO) has four regional offices.

  8. The SFIO is involved in major fraud probes and is the co-ordinating agency with the ________
    A. SEBI
    B. Income Tax
    C. CBI
    D. Both (A) and (C)
    E. Both (B) and (C)
    E. Both (B) and (C)
    Explanation:
    The SFIO is involved in major fraud probes and is the co-ordinating agency with the Incometax and CBI.

  9. The Government approved setting up of this organization on the basis of the recommendations made by the _______
    A. R.H. Khan Committee
    B. Naresh Chandra Committee
    C. P Selvam Committee
    D. PL Tandon Committee
    E. Dutta Committee
    B. Naresh Chandra Committee
    Explanation:
    The Government approved setting up of this organization on the basis of the recommendations made by the Naresh Chandra Committee.

  10. Serious Fraud Investigation Office(SFIO) has _______ branches
    A. One
    B. Two
    C. Three
    D. Four
    E. Seven
    E. Seven
    Explanation:
    Serious Fraud Investigation Office(SFIO) has seven branches.