This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 1 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. From 25th September 1975, Rupee was de-linked from pound sterling and was linked to..... A) US Dollar. B) Basket of Currencies. C) Gold. D) Dinar. Show Answer Correct Answer: B) Basket of Currencies. 2. Which of the following institution is meant for small and medium enterprises? A) NABARD. B) RBI. C) IFCI. D) SIDBI. Show Answer Correct Answer: D) SIDBI. 3. What is the full form of NDTL? A) Net Demand & Tax Liabilities. B) Net Demand & Time Liabilities. C) New Demand & Tenure Liabilities. D) National Deposits & Total Liquidity. Show Answer Correct Answer: B) Net Demand & Time Liabilities. 4. Hypothecation is A) Transfer of ownership by the borrower to the lender. B) A legal transaction whereby goods may be made available as security for a debt. C) A transaction of conditional sale. D) Either a or b. Show Answer Correct Answer: B) A legal transaction whereby goods may be made available as security for a debt. 5. When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005? A) April 5, 2006. B) June 29, 2007. C) May 26, 2006. D) September 30, 2005. Show Answer Correct Answer: A) April 5, 2006. 6. Some banks are financing big projects like construction of roads, bridges etc. Financing such projects means banks are helping exactly in A) Infrastructural Development. B) Project Management. C) Developing core sector Industry. D) Financial Inclusion. Show Answer Correct Answer: A) Infrastructural Development. 7. Coins are minted at? A) Hyderabad. B) Kolkatta. C) Mumbai. D) All of these. Show Answer Correct Answer: D) All of these. 8. IndusInd Bank is headquartered at..... A) Indore. B) Mumbai. C) Kolkata. D) Allahabad. Show Answer Correct Answer: B) Mumbai. 9. Payment of a cheque may be countermanded by the ..... A) True owner. B) Drawer. C) Drawee. D) Payee. Show Answer Correct Answer: B) Drawer. 10. The annual return of unclaimed deposits u/s 26 of Banking Regulation Act should be submitted to RBI within the following days after close of the calendar year A) 40 days. B) 10 days. C) 30 days. D) 20 days. Show Answer Correct Answer: C) 30 days. 11. What was the deposits criteria of 14 Banks nationalized on 19th July 1969? A) Rs.1000 Crore. B) Rs. 500 Crore. C) Rs. 100 Crore. D) Rs. 50 Crore. Show Answer Correct Answer: D) Rs. 50 Crore. 12. Who among the following is the responsible person to decide the quantity of the coins to be minted? A) RBI. B) SEBI. C) The Government of India. D) None of these. Show Answer Correct Answer: C) The Government of India. 13. RBI governor who served as the Finance Minister in the Union Cabinet? A) Raghuram Rajan. B) Subbarao. C) D. Deshmukh. D) Osborne Smith. Show Answer Correct Answer: C) D. Deshmukh. 14. What is the percentage rate reflecting the total amount of interest paid on a deposit account called? A) WPI. B) APY. C) APR. D) None of these. Show Answer Correct Answer: B) APY. 15. Which of the following is not an imperfect note? A) Wahsed note. B) Bleached note. C) Multilated note. D) Oiled note. Show Answer Correct Answer: C) Multilated note. 16. Commercial papers are normally issued in the multiple of ..... crore. A) 2. B) 9. C) 10. D) 5. Show Answer Correct Answer: D) 5. 17. Who was the first governor of RBI? A) Mihir Sen. B) Nagendra Singh. C) James Braid Taylor. D) Osborne Smith. Show Answer Correct Answer: D) Osborne Smith. 18. Which of the following is not classified as a commercial Bank? A) Private Sector Bank. B) Regional Rural Bank. C) Foreign Bank. D) Co-operative Bank. Show Answer Correct Answer: D) Co-operative Bank. 19. Which bank started the first RRB named Prathama Grameen Bank? A) Syndicate Bank. B) United Bank of India. C) Punjab National Bank. D) State Bank of India. Show Answer Correct Answer: A) Syndicate Bank. 20. Which bank has received Banking licenses by Reserve Bank of India in 2014? A) IDFC. B) Bandhan. C) Both (a) and (b). D) Aditya Birla Nuvo Ltd. Show Answer Correct Answer: C) Both (a) and (b). 21. ..... is known as the commercial capital of India. A) New Delhi. B) Bengaluru. C) Calcutta. D) Mumbai. Show Answer Correct Answer: D) Mumbai. 22. Which is the first bank to introduce savings account in India? A) Presidency Bank. B) Bengal Bank. C) Bank of Hindustan. D) General Bank of India. Show Answer Correct Answer: A) Presidency Bank. 23. The headquarters of Lakshmi Vilas Bank (LVB) is ..... A) Chennai. B) Bengaluru. C) Mumbai. D) Pune. Show Answer Correct Answer: A) Chennai. 24. Expand AEPS in terms of banking. A) Aadhaar-enabled promotion scheme. B) Aadhaar-enabled Payment Service. C) Aadhaar-enabled Payment system. D) Automated engineered payment service. Show Answer Correct Answer: C) Aadhaar-enabled Payment system. 25. National Payments Corporation of India (NPCI) is being used by banks for ..... A) Remittance. B) Advisory service. C) Clearing and settlement. D) Payments and settlements. Show Answer Correct Answer: C) Clearing and settlement. 26. According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks? A) September, 1993. B) March, 1971. C) January, 1993. D) April, 1980. Show Answer Correct Answer: C) January, 1993. 27. Whose signature does Indian currency note bear? A) Finance Secretary. B) The President. C) Finance Minister. D) RBI Governor. Show Answer Correct Answer: D) RBI Governor. 28. Under which sector will banking sector fall? A) Service sector. B) Industrial sector. C) Agricultural sector. D) None of the above. Show Answer Correct Answer: A) Service sector. 29. Co-operative banks are .....? A) Joint-sector banks. B) Public sector banks. C) Private sector banks. D) All of the above. Show Answer Correct Answer: C) Private sector banks. 30. The term EFT means A) Electronic foreign transfers. B) Electrical funds transfers. C) Electronic financial transfers. D) Electronic funds transfers. Show Answer Correct Answer: D) Electronic funds transfers. 31. CRR is required to maintain in the form of .....? A) Cash with RBI. B) Cash with bank. C) Approved Government Securities. D) All the above. Show Answer Correct Answer: A) Cash with RBI. 32. In which year "Vijaya Bank" was formed? A) 23rd October, 1934. B) 23rd October, 1932. C) 23rd October, 1933. D) 23rd October, 1931. Show Answer Correct Answer: D) 23rd October, 1931. 33. Banking Ombudsman services are available to A) Regional Rural Banks. B) All Scheduled Commercial Banks. C) Scheduled Primary Co-operative Banks. D) All the above. Show Answer Correct Answer: D) All the above. 34. Bitcoin is a..... A) Payment system. B) Internet Service Provider. C) Term used in share market. D) None of these. Show Answer Correct Answer: A) Payment system. 35. Which among the following public sector banks, has its headquarters in Kolkata? A) Syndicate Bank. B) UCO Bank. C) Corporation Bank. D) Oriental Bank of Commerce. Show Answer Correct Answer: B) UCO Bank. 36. A cheque is payable on A) Demand. B) A fixed future date. C) Happening of certain event. D) 24 hours after presentation. Show Answer Correct Answer: A) Demand. 37. Banks disclose the information about their borrowers to RBI under Provisions of A) Section 45 of Banking Regulation Act. B) Directions of Finance Ministry. C) Directives of RBI. D) Section 45-C, RBI Act. Show Answer Correct Answer: D) Section 45-C, RBI Act. 38. What does the acronym DICGC mean? A) District Industries Centre and Government College. B) Department of Insurance in Central Govt. Company. C) Deposit Insurance and Credit Guarantee Corporation. D) Deputy Inspector & Commissioner General for Commodities Trading. Show Answer Correct Answer: C) Deposit Insurance and Credit Guarantee Corporation. 39. In which year "Karnataka Bank Limited" was formed? A) 1921. B) 1923. C) 1924. D) 1922. Show Answer Correct Answer: C) 1924. 40. What is the full form of SWIFT? A) Safe Window for Interbank Financial Transactions. B) Safe Window Institute For Transactions. C) Society for Worldwide Interbank Financial Telecommunication. D) Safe Window In case of Financial Transaction. Show Answer Correct Answer: C) Society for Worldwide Interbank Financial Telecommunication. 41. Which one of the following is known as the real return to the investor getting reduced due to sudden rise in the prices of the commodities? A) Cost risk. B) Market risk. C) Demand risk. D) Systemic risk. Show Answer Correct Answer: B) Market risk. 42. When was the first nationalization of banks done? A) 8thOctober, 1960. B) 2ndOctober, 1974. C) 1stJuly, 1959. D) 19thJuly, 1969. Show Answer Correct Answer: D) 19thJuly, 1969. 43. What are the various means of Electronic Payment Systems? A) ATM card. B) Debit card. C) Credit card andSmart card. D) All of the above. Show Answer Correct Answer: D) All of the above. 44. Which one of the following helps the consumers protect their credit identities and recover from identity theft? A) FOIA. B) FACTA. C) FDCPA. D) FCRA. Show Answer Correct Answer: B) FACTA. 45. Which of the following is the amount of Funds borrowed by the government to meet the expenditures? A) Public finance. B) Current account. C) Fiscal policy. D) Fiscal Deficit. Show Answer Correct Answer: D) Fiscal Deficit. 46. What is the name of the platform launched by State Bank of India (SBI) that enables customers to book their foreign exchange transactions online? A) SBI eforex. B) SBI emoney. C) SBI eonline. D) SBI eshare. Show Answer Correct Answer: A) SBI eforex. 47. Bombay Stock Exchange index 'Sensex' is based on the value of top ..... blue chip of shares. A) 40. B) 30. C) 10. D) 20. Show Answer Correct Answer: B) 30. 48. Term 'Cash Retraction' is mainly used in..... A) ATM's. B) NEFT. C) RTGS. D) None of these. Show Answer Correct Answer: A) ATM's. 49. A cheque returned for insufficiency of funds. Payee will have right to notice and approach court of law for justice under section 138 of which act? A) Indian Contract Act. B) Criminal Procedure Code. C) Negotiable Instrument Act. D) Payment and Settlement Act. Show Answer Correct Answer: C) Negotiable Instrument Act. 50. Which temple in India has opened up a Demat account to accept donations from devotees in the form of shares and securities? A) Tirumala Venkateswara Temple. B) Shirdi Sai Temple. C) Vaisho Devi Temple. D) Tryambkeshwar Temple. Show Answer Correct Answer: A) Tirumala Venkateswara Temple. 51. RBI has the legal right to issue bank notes, under which act? A) Coinage Act. B) RBI Act. C) Banking Regulation Act. D) Companies Act. Show Answer Correct Answer: B) RBI Act. 52. Which of the following are benefited through the Reserve mortgage scheme? A) Minors. B) Senior citizens. C) Government employees. D) All the above. Show Answer Correct Answer: B) Senior citizens. 53. Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India? A) Discount Window. B) Overnight Rate. C) Bank Rate. D) Monetary Policy. Show Answer Correct Answer: C) Bank Rate. 54. When bank accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as.....? A) Bond. B) Mortgage. C) Term deposit. D) Demand Deposit. Show Answer Correct Answer: C) Term deposit. 55. Which of the following is not included in 'CAMELS' A) Liquidity and Systems. B) Employees Performance. C) Capital Adequacy and Asset Quality. D) Management and Earing Performance. Show Answer Correct Answer: B) Employees Performance. 56. Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month A) 5th. B) 20th. C) 10th. D) 15th. Show Answer Correct Answer: D) 15th. 57. Who signs on 1 Rupee currency note? A) Finance Secretary. B) The President. C) Finance Minister. D) Governor of RBI. Show Answer Correct Answer: A) Finance Secretary. 58. In which year "Kotak Mahindra Bank" was formed? A) 1990. B) 1980. C) 1985. D) 1995. Show Answer Correct Answer: C) 1985. 59. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for A) 5 years. B) 1 year. C) 3 years. D) 7 years. Show Answer Correct Answer: A) 5 years. 60. First Indian bank to open a branch outside India is..... A) State Bank of India. B) Bank of India. C) Canara Bank. D) Punjab National Bank. Show Answer Correct Answer: B) Bank of India. Next →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBanking Awareness And Sebi Quiz 2Banking Awareness And Sebi Quiz 3Banking Awareness And Sebi Quiz 4Banking Awareness And Sebi Quiz 5Banking Awareness And Sebi Quiz 6Banking Awareness And Sebi Quiz 7Banking Awareness And Sebi Quiz 8Banking Awareness And Sebi Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books