This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 10 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. CRR funds are kept by the Banks in.....? A) Balance with other banks. B) Cash in hands at branches. C) Funds in the currency chest. D) Balance in a special accounts with RBI. Show Answer Correct Answer: D) Balance in a special accounts with RBI. 2. The headquarter of NIIF(National Investment and Infrastructure Fund) will be located in ..... A) Bengaluru. B) Chennai. C) Mumbai. D) New Delhi. Show Answer Correct Answer: C) Mumbai. 3. The Bombay Stock Exchange (BSE) is Asia's .....stock exchange. A) Second. B) First. C) Fourth. D) Third. Show Answer Correct Answer: A) Second. 4. In which year "Bank of Upper India" was formed? A) 1863. B) 1862. C) 1861. D) 1864. Show Answer Correct Answer: A) 1863. 5. In which year, the first bank of India "Bank of Hindustan" was established? A) 1770. B) 1775. C) 1780. D) 1785. Show Answer Correct Answer: A) 1770. 6. Which one of the following is a credit information company in India? A) ICRA. B) ONICRA. C) CARE. D) CIBIL. Show Answer Correct Answer: D) CIBIL. 7. Which among the following banks has launched "Dhanchayat" an educational film to raise awareness on the dangers of borrowing money from unorganised sources? A) Axis. B) ICICI. C) SBI. D) HDFC. Show Answer Correct Answer: B) ICICI. 8. Currency Chests are A) Store houses of RBI for banknotes and small coins. B) Store houses of RBI for banknotes and rupee coins. C) Store houses of commercial banks for banknotes and small coins. D) Store houses of commercial banks for banknotes and rupee coins. Show Answer Correct Answer: D) Store houses of commercial banks for banknotes and rupee coins. 9. When a bank returns a cheque unpaid, it is called A) Payment of the cheque. B) Drawing of the cheque. C) Cancelling of the cheque. D) Dishonour of the cheque. Show Answer Correct Answer: D) Dishonour of the cheque. 10. The subsidiary banks attached to the State Bank are A) State Bank of Hyderabad. B) State Bank of Mysore. C) State Bank of Saurashtra. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. In which year "Oriental Bank of Commerce" was formed? A) 19th February 1943. B) 19th February 1944. C) 19th February 1941. D) 19th February 1942. Show Answer Correct Answer: A) 19th February 1943. 12. When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system? A) September, 2005. B) December, 1997. C) April, 1998. D) May, 2006. Show Answer Correct Answer: B) December, 1997. 13. In India, currency notes are issued by A) Reserve Bank of India. B) Financial Secretary. C) Finance Ministry. D) State Bank of India. Show Answer Correct Answer: A) Reserve Bank of India. 14. In which year "Union Bank" was established? A) 1839. B) 1821. C) 1845. D) 1828. Show Answer Correct Answer: A) 1839. 15. Which among the following accounts are allowed to be operated by cheques? A) Current Account and Loan Account. B) Savings and Current Account. C) Fixed Deposit Account and Loan Account. D) Savings Account and Fixed Deposit Account. Show Answer Correct Answer: B) Savings and Current Account. 16. Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India ..... A) Market discipline. B) Leverage ratio to 3 %. C) Minimum regulatory capital requirement. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which of the following institutions issues a 3-digit number ranging from 300-900 which reflects the credit profile of individuals? A) CIBIL. B) CRISIL. C) CARE. D) CAMELS. Show Answer Correct Answer: A) CIBIL. 18. In which year "Catholic Syrian Bank" was formed? A) 26th November 1930. B) 26th November 1925. C) 26th November 1920. D) 26th November 1935. Show Answer Correct Answer: C) 26th November 1920. 19. Minimum period of fixed deposit is.....days and maximum period for which a bank can accept a deposit presently is.....years? A) 7 -10. B) 7 -30. C) 7 -40. D) 7 -20. Show Answer Correct Answer: A) 7 -10. 20. Reserve Bank of India (RBI) has constituted a committee to prepare a 5 year action plan to spread the reach of financial services across country to unbanked population. The committee will be headed by A) Urjit Patel. B) Anand Siha. C) Deepak Mohanty. D) KC Chakraborty. Show Answer Correct Answer: C) Deepak Mohanty. 21. Certificate of Deposit can be issued by .....? A) Reserve Bank, NABARD and Exim Bank only. B) Commercial banks and term lending institutions. C) Scheduled commercial banks excluding regional rural banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. What does letter 'U' stand for in abbreviation 'ULIP'? A) Unit. B) Urban. C) Underwriting. D) Unified. Show Answer Correct Answer: A) Unit. 23. Loan taken by the person, not telling the purpose of taking loan is called? A) NPA. B) Impersonal Loan. C) Concealed Loan. D) Personal Loan. Show Answer Correct Answer: D) Personal Loan. 24. Nationalization of banks took place in India in how many phases? A) 3. B) 2. C) 1. D) 4. Show Answer Correct Answer: B) 2. 25. Which one of the following requires lenders to provide standardized information? A) NCUA. B) RESPA. C) UCC. D) TILA. Show Answer Correct Answer: D) TILA. 26. NBFCs are an important part of the Indian financial system. what is meant by this term? A) Non banking Fiscal Companies. B) Neo Banking Financial Confederation. C) New Banking Financial Companies. D) Non Banking Financial Companies. Show Answer Correct Answer: D) Non Banking Financial Companies. 27. In which year "Corporation Bank" was formed? A) 19 July 1906. B) 12 March 1906. C) 23 August 1906. D) 3 January 1906. Show Answer Correct Answer: B) 12 March 1906. 28. Reserve Bank of India is? A) Central bank. B) Cooperative bank. C) Commercial bank. D) Rural bank. Show Answer Correct Answer: A) Central bank. 29. Which of the following is the best option to park money for a long period of time to earn a high rate of interest? A) Recurring account. B) Deposit account. C) Savings account. D) Current account. Show Answer Correct Answer: B) Deposit account. 30. Which bank was baptised as the State Bank of India? A) United Bank of India. B) New Bank of India. C) Imperial Bank of India. D) Indian Bank. Show Answer Correct Answer: C) Imperial Bank of India. 31. In which year "UTI Bank(Now Axis Bank)" was formed? A) 1991. B) 1994. C) 1992. D) 1993. Show Answer Correct Answer: B) 1994. 32. Which of the following tools is used by the RBI to control credit and monetary situations of the markets? A) RTGS. B) CRR. C) ECS. D) NEFT. Show Answer Correct Answer: B) CRR. 33. Where is RBI head office located? A) Kolkata. B) New Delhi. C) Chennai. D) Mumbai. Show Answer Correct Answer: D) Mumbai. 34. Which among the following body authorizes the credit limit to the national cooperative marketing federation? A) NABARD. B) Department of finance. C) Reserve bank of India. D) Department of agriculture. Show Answer Correct Answer: A) NABARD. 35. Among the following which were the first rulers in India to issue coins which can be definitely attributed to the kings? A) Indo-Greeks. B) Parthians. C) Shakas. D) Kushans. Show Answer Correct Answer: A) Indo-Greeks. 36. Which of the following are to be followed by Commercial Banks for risk management? A) Basel II norms. B) Basel III norms. C) Basel I norms. D) Solvency II norms. Show Answer Correct Answer: A) Basel II norms. 37. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is? A) 15. B) 10. C) 20. D) 5. Show Answer Correct Answer: B) 10. 38. Oudh Commercial Bank was founded in ..... A) 1881. B) 1917. C) 1913. D) 1894. Show Answer Correct Answer: A) 1881. 39. Indian Financial Network [INFINET] is the A) Closed user group network of SBI and its subsidiaries. B) Association of the employers of the banking and financial sector. C) Communication backbone for the Indian Banking and Financial sector. D) All of the above. Show Answer Correct Answer: C) Communication backbone for the Indian Banking and Financial sector. 40. What is a 'Debit card'? A) It is a card issued by a rating agency. B) It is card which carries prepaid balance. C) It is a card which can be used for making STD calls. D) It is a card which can be used for withdrawing cash or making payment if there is balance in the account. Show Answer Correct Answer: D) It is a card which can be used for withdrawing cash or making payment if there is balance in the account. 41. Which of the followings are against Clean Note Policy of RBI? A) Banks not sorting notes into - Reissuables and Non-issuables - while issuing to public. B) Stapling and/or writing on notes. C) Issuing Soiled notes to public. D) All of the above. Show Answer Correct Answer: D) All of the above. 42. If a company which is not a non - banking financial company wants to collect public deposits, it is governed by ..... Act A) RBI Act 1934. B) Central Government. C) Companies Act 1956. D) Banking companies Act. Show Answer Correct Answer: C) Companies Act 1956. 43. What will be the impact if Reserve Bank of India reduces the Bank Rate by 1 %? A) Mobilisation of more deposits by commercial banks. B) No change in the market liquidity. C) More liquidity in the market. D) Less liquidity in the market. Show Answer Correct Answer: C) More liquidity in the market. 44. Which one of the following pools money from various investors in order to purchase securities? A) Fund derivative. B) Pension fund. C) Money fund. D) Mutual fund. Show Answer Correct Answer: D) Mutual fund. 45. Bank branches which can undertake foreign exchange business directly are known as in foreign exchange. A) Approved dealers. B) Foreign dealers. C) Authorized dealers. D) Exchange branches. Show Answer Correct Answer: C) Authorized dealers. 46. Capital markets are also kown as..... A) Financial markets. B) Share Markets. C) Financial institution. D) All of the above. Show Answer Correct Answer: A) Financial markets. 47. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with..... A) Loans. B) World Bank Grants. C) Ponzi Schemes. D) Capital Market. Show Answer Correct Answer: D) Capital Market. 48. Which was the second bank in India with limited liability? A) Imperial Bank of India. B) Punjab National Bank. C) State Bank of India. D) New Bank of India. Show Answer Correct Answer: B) Punjab National Bank. 49. In which year "Canara Hindu Permanent Fund" was formed? A) 01st July 1909. B) 01st July 1910. C) 01st July 1914. D) 01st July 1906. Show Answer Correct Answer: D) 01st July 1906. 50. As per the notification by Reserve Bank of India (RBI) on 6th Aug'15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission? A) Urban Areas. B) Semi-Rural Areas. C) Semi-Urban Areas. D) Rural Areas. Show Answer Correct Answer: A) Urban Areas. 51. Which is the first bank to introduce mutual fund? A) Punjab National Bank. B) ICICI Bank. C) Bank of Baroda. D) State Bank of India. Show Answer Correct Answer: D) State Bank of India. 52. What are Masala Bonds? A) Domestically traded bond in dollars. B) Rupee dominated bondstraded oversees. C) Oversees traded bond in oversees currency. D) Rupee dominated bondstraded domestically. Show Answer Correct Answer: B) Rupee dominated bondstraded oversees. 53. What is the highest denomination bank note that RBI can issue as per provisions of RBI Act? A) Rs. 13000. B) Rs. 1000. C) Rs. 5000. D) Rs. 10000. Show Answer Correct Answer: D) Rs. 10000. 54. What does crossing of cheques make them? A) Ineligible to get cash across the bank counter. B) Ineligible to endorse to a person other than the payee. C) Invalid document. D) Remain the same. Show Answer Correct Answer: B) Ineligible to endorse to a person other than the payee. 55. What is the validity of "Kisan Credit Card" ? A) 3 year. B) 1 year. C) 2 year. D) 4 year. Show Answer Correct Answer: A) 3 year. 56. Electronic banking has opened new banking channels like? A) ATM banking. B) Internet banking. C) Telephone banking. D) All of these. Show Answer Correct Answer: D) All of these. 57. According to the Socio Economic and Caste Census (SECC) which among the following states in India has highest per cent of Urban BPL households? A) Bihar. B) Sikkim. C) Manipur. D) Jharkhand. Show Answer Correct Answer: C) Manipur. 58. How many digits are there in IFSC Code? A) 11. B) 13. C) 14. D) 12. Show Answer Correct Answer: A) 11. 59. What does the letter 'R' denote in the abbreviation 'BR Act' which controls banking activities in the country? A) Reclamation. B) Regulation. C) Reformation. D) Rule. Show Answer Correct Answer: B) Regulation. 60. Indian Trusts Act..... A) 1881. B) 1880. C) 1882. D) 1883. Show Answer Correct Answer: C) 1882. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBanking Awareness And Sebi Quiz 1Banking 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 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books