This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 2 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Issue Offices of RBI are those places from where A) RBI issues coins to the bank branches. B) RBI issues banknotes to the bank branches. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 2. A banker' lien is governed by A) Banking Regulation Act. B) Negotiable Instrument Act. C) Transfer of Property Act. D) Bankers' Books Evidence Act. Show Answer Correct Answer: C) Transfer of Property Act. 3. Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development? A) State Bank of India. B) NABARD. C) Reserve Bank of India. D) Industrial Development Bank of India. Show Answer Correct Answer: B) NABARD. 4. Under whose chairmanship did RBI constitute a Working Group for making balance of payments manual? A) Anand Sinha. B) Deepak Mohanty. C) Harun Rashid Khan. D) Kamalesh Chandra Chakrabarty. Show Answer Correct Answer: B) Deepak Mohanty. 5. To restrict expansion of credit, the Reserve Bank A) Freezes the bank rate. B) Raises the bank rate. C) Reduces the bank rate. D) None of these. Show Answer Correct Answer: B) Raises the bank rate. 6. Headquarters of World Bank A) New York. B) Washington DC. C) Vienna. D) Geneva. Show Answer Correct Answer: A) New York. 7. UNICEF stand for United Nations Children's Fund and a Nonprofit organization Its headquartered situated in.....? A) USA. B) New York. C) New Delhi. D) Japan. Show Answer Correct Answer: B) New York. 8. The commercial paper can be issued by .....? A) Every non-banking company. B) IDBI. C) Corporates. D) Reserve Bank of India. Show Answer Correct Answer: C) Corporates. 9. In which year "Allahabad Bank" was formed? A) 1885. B) 1865. C) 1875. D) 1855. Show Answer Correct Answer: B) 1865. 10. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is A) Bailor and bailee. B) Principal and agent. C) Trustee and the beneficiary. D) All of the above. Show Answer Correct Answer: B) Principal and agent. 11. As a bank officer, you shall not open a ..... account in the name of minor customer? A) Saving account. B) Current Account. C) Fixed Deposit Account. D) Not open any of the above accounts. Show Answer Correct Answer: B) Current Account. 12. Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impressions? A) On-site ATMs. B) Biometric ATMs. C) White Label ATMs. D) Off-site ATMs. Show Answer Correct Answer: B) Biometric ATMs. 13. BCSBI stands for A) Credit and debit cards. B) Recovery of bad loans. C) Cash collection from the parties. D) Opening and closing of accounts. Show Answer Correct Answer: D) Opening and closing of accounts. 14. What is Call Money? A) Money borrowed for more than one day but up to 3 days. B) Money borrowed for more than one day but up to 14 days. C) Money borrowed or lent for a day or over night. D) Money borrowed for more than one day but up to 7 days. Show Answer Correct Answer: C) Money borrowed or lent for a day or over night. 15. Illiterate Persons are allowed to open? A) Current account. B) Savings account. C) Not allowed to open bank account. D) Only savings account (without cheque facility) or fixed deposit account. Show Answer Correct Answer: D) Only savings account (without cheque facility) or fixed deposit account. 16. As per SEBI guidelines, the maximum shares buy-back period has been reduced to ..... months from ..... months. A) 9 months to 6 months. B) 12 months to 9 months. C) 6 months to 3 months. D) 12 months to 6 months. Show Answer Correct Answer: D) 12 months to 6 months. 17. City Union Bank Headquarter situated in.....? A) New Delhi. B) Tamil Nadu. C) Asam. D) Maharashtra. Show Answer Correct Answer: B) Tamil Nadu. 18. In finance and economics, a monetary authority is the entity which controls the..... A) Finincial institution. B) Money supply of a given currency. C) Bank working and its Functionality. D) None of these. Show Answer Correct Answer: B) Money supply of a given currency. 19. Who is the founder of Punjab National Bank? A) Bhagat Singh. B) Lala Rajpat Rai. C) Bipin Chandra Pal. D) Bal Gangadhar Tilak. Show Answer Correct Answer: B) Lala Rajpat Rai. 20. Which one of the following is called the frequent changes made by Banks in their product profile? A) Product Marketing. B) Product Enhancement. C) Product Enrichment. D) Product Control. Show Answer Correct Answer: A) Product Marketing. 21. What does RBI do if a Re.1 note is issued by Government of India? A) RBI put into circulation. B) RBI object the issuance. C) RBI asks banks to not to support for circulation. D) RBI converts Re.1 in to higher denomination of Rs.10 and more. Show Answer Correct Answer: A) RBI put into circulation. 22. NABARD support lending to farmers, rural artisans and other non farmers in rural areas through..... A) Co-operative Banks. B) Regional Rural Banks. C) Land Development Banks. D) All the Above. Show Answer Correct Answer: D) All the Above. 23. In Online Banking information processing system, A touchscreen is a/an.....? A) Input device. B) Touch device. C) Output device. D) All of the above. Show Answer Correct Answer: A) Input device. 24. Credit cards are cards which are also known as A) Card money. B) Plastic cards. C) Plastic cards full of money. D) All of the above. Show Answer Correct Answer: B) Plastic cards. 25. The Special Economic Zones (SEZ) Act was passed by Parliament in..... A) May, 2005. B) May, 2004. C) June, 2002. D) June, 2004. Show Answer Correct Answer: A) May, 2005. 26. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty? A) Recurring deposit. B) Savings bank deposit. C) Current deposit. D) Term deposit. Show Answer Correct Answer: D) Term deposit. 27. What is MZM in money market? A) Monetary base or total currency. B) Money with highest return. C) Money with sovereign guarantee. D) Money with zero maturity. Show Answer Correct Answer: D) Money with zero maturity. 28. Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price? A) Market Contract. B) Futures Contract. C) Forward Contract. D) Standard Contract. Show Answer Correct Answer: B) Futures Contract. 29. Which one of the following is a set of United State statutes added as Title VIII of the Consumer Credit Protection Act? A) FCRA. B) FDCPA. C) FOIA. D) FACTA. Show Answer Correct Answer: B) FDCPA. 30. Which bank approved loan to help India in improving Rail services? A) BRICS Development Bank. B) African Development Bank. C) Asian Development Bank. D) World Bank. Show Answer Correct Answer: C) Asian Development Bank. 31. In which year "Syndicate Bank" was formed? A) 1945. B) 1925. C) 1935. D) 1915. Show Answer Correct Answer: B) 1925. 32. Which of the following defines 'Para Banking' services? A) Services provided to armed forces personnel. B) Services provided through business correspondents. C) Utility services provided by banks. D) Eligible financial services rendered by banks. Show Answer Correct Answer: C) Utility services provided by banks. 33. Who all can hire a locker in a bank? A) Individuals. B) Two persons jointly. C) Limited companies and societies. D) All of the above. Show Answer Correct Answer: D) All of the above. 34. 'Ways and Means" advances are provided by Reserve Bank of India only to A) State Government. B) Central Government. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 35. Which was the first in India with limited liability? A) State Bank of India. B) Imperial Bank of India. C) Punjab National Bank. D) Oudh Commercial Bank. Show Answer Correct Answer: D) Oudh Commercial Bank. 36. Expand DRI related to a scheme meant for weaker section of our country. A) Different ration for IndiAns. B) Different rate of interest-bond. C) Differential rate of interest. D) Different rate of interest. Show Answer Correct Answer: C) Differential rate of interest. 37. When was RBI nationalized? A) 1950. B) 1948. C) 1947. D) 1949. Show Answer Correct Answer: D) 1949. 38. Under which section of the Reserve Bank of India Act, the RBI has the sole right of note issue? A) Section 22. B) Section 21. C) Section 23. D) Section 24. Show Answer Correct Answer: A) Section 22. 39. A debt becomes time-barred after A) Two years. B) Three years. C) Four years. D) One year. Show Answer Correct Answer: B) Three years. 40. Which among the following is incorrect? A) RBI is the Bank of Issue. B) RBI does not regulate the flow of credit. C) RBI is Banker's Bank. D) RBI acts as Banker to the Government. Show Answer Correct Answer: B) RBI does not regulate the flow of credit. 41. What is the current sign of indian rupee? A) B. Rs. B) INR. C) Indian rupee. D) None of above. Show Answer Correct Answer: A) B. Rs. 42. Which one of the following set up core banking infrastructure for rural banks? A) IBA. B) RBI. C) SIDBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 43. The performance of which scheme does the National Housing Bank monitor? A) Finance scheme for indirect loans. B) Liberalized Finance Scheme. C) Golden Jubilee Rural Housing Finance Scheme. D) Energy Efficient Housing Finance Scheme. Show Answer Correct Answer: C) Golden Jubilee Rural Housing Finance Scheme. 44. CIBIL as a credit bureau caters to A) Consumer segments. B) Commercial segments. C) Nationalized Banks only. D) Both commercial and consumersegments. Show Answer Correct Answer: D) Both commercial and consumersegments. 45. What is the full form of CBS? A) Core Banking Solution. B) Core Banking Service. C) Core Banking Software. D) Core Banking System. Show Answer Correct Answer: A) Core Banking Solution. 46. Which one of the following requires lenders to provide "good faith" estimates of settlement costs? A) RESPA. B) NCUA. C) TILA. D) FOIA. Show Answer Correct Answer: A) RESPA. 47. According to the risk diversification principle of bank lending, diversification should be in terms of A) Customer base. B) Nature of business. C) Geographic location. D) All of these. Show Answer Correct Answer: D) All of these. 48. Which among the following statement is incorrect about SEBI? A) Mutual fund regulator. B) Capital market regulator. C) Regulates the credit rating agencies in India. D) None of these. Show Answer Correct Answer: D) None of these. 49. In which of the following States there is no Regional Rural Bank? A) Goa. B) Punjab. C) Karnataka. D) Uttarakhand. Show Answer Correct Answer: A) Goa. 50. Which one of the following organisations has been set up to facilitate connectivity between the Bank's switches and their ATMs, and inter bank payment gateway for authentication and routing the paymen A) IBA. B) IDRBT. C) IRDA. D) SIDBI. Show Answer Correct Answer: B) IDRBT. 51. Who is primarily liable on a cheque? A) Drawer. B) Payee. C) Drawee banker. D) Collecting banker. Show Answer Correct Answer: A) Drawer. 52. When did the Government of India set up the Export-Import Bank of India? A) March, 1971. B) January, 1982. C) January, 1993. D) June, 1969. Show Answer Correct Answer: B) January, 1982. 53. What was the initial share capital of Reserve Bank of India? A) Rs. 5 Crore. B) Rs. 25 Crore. C) Rs. 15 Crore. D) Rs. 35 Crore. Show Answer Correct Answer: A) Rs. 5 Crore. 54. Which is the biggest Commercial bank of India? A) United Commercial Bank. B) State Bank of India. C) Bank of Baroda. D) Punjab National Bank. Show Answer Correct Answer: B) State Bank of India. 55. The following are main objectives of the SEBI A) To regulate the security market. B) To protect interest of investors. C) To promote the development of security market. D) All of the above. Show Answer Correct Answer: D) All of the above. 56. A scheduled bank must be A) An institution notified by GOI. B) A company as defined by companies act, 2013. C) A corporative or company incorporated by any law in force in any place in India. D) All of the above. Show Answer Correct Answer: D) All of the above. 57. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be A) Branded with a stamp COUNTERFEIT BANKNOTE. B) Recorded in a separate register under authentication. C) Acknowledged in the prescribed format of RBI and issued to the tenderer. D) All of the above. Show Answer Correct Answer: D) All of the above. 58. The Kisan Credit Card Scheme is being implemented by all A) Regional Rural Banks. B) Public Sector Commercial Banks. C) State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 59. Global Rating Agency Fitch has downgraded Viability Rating (VR) by one notch to 'bb' of which among the following banks? A) Bank of Baroda. B) Punjab National Bank. C) Canara Bank. D) State Bank of India. Show Answer Correct Answer: B) Punjab National Bank. 60. First Bank in India to launch Talking ATMs for differently-able person? A) Union Bank of India. B) HDFC bank. C) UCO Bank. D) State Bank of India. Show Answer Correct Answer: A) Union Bank of India. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBanking Awareness And Sebi Quiz 1Banking 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