Banking Awareness Quiz – Set 144

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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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)
   

   Answer & Explanation

   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
   

   Answer & Explanation

   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
    

    Answer & Explanation

    E. Seven
    Explanation:
    Serious Fraud Investigation Office(SFIO) has seven branches.