This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Banking Codes and Standards Board of India was registered on 18th February, 2006 under which of the following RBI Act? A) Banking Regulation Act. B) Cooperative Societies Act. C) The Societies RegistrationAct, 1860. D) None of these. Show Answer Correct Answer: C) The Societies RegistrationAct, 1860. 2. Which of the following is not a primary function of a Bank? A) Arranging VISA for students for abroad education. B) Selling Gold/Silver Coins. C) Granting loans. D) Issuing bank drafts. Show Answer Correct Answer: A) Arranging VISA for students for abroad education. 3. In which year "Punjab National Bank" was formed? A) 19th May 1898. B) 19th May 1894. C) 19th May 1901. D) 19th May 1896. Show Answer Correct Answer: B) 19th May 1894. 4. What is the most powerful tool used by the Reserve Bank of India to control inflation? A) Reduce current supply. B) Raise interest rates. C) Reduce interest rates. D) Raise current supply. Show Answer Correct Answer: B) Raise interest rates. 5. In which year "Nainital Bank Limited" was formed? A) 1953. B) 1954. C) 1952. D) 1951. Show Answer Correct Answer: B) 1954. 6. Finance is a field that deals with the study of..... A) Rules. B) Money. C) Investments. D) None of these. Show Answer Correct Answer: D) None of these. 7. Call Money, Notice Money and Term Money markets are sub-markets of the ..... A) USA Money Market. B) Indian Money Market. C) Japan Money Market. D) All of the above. Show Answer Correct Answer: B) Indian Money Market. 8. 'One Family one Bank' is the tagline of which Bank? A) Bank of India. B) Union Bank of India. C) Indian Bank. D) Bank ofMaharashtra. Show Answer Correct Answer: D) Bank ofMaharashtra. 9. What is the tagline of HDFC Bank? A) One Family One Bank. B) India's International Bank. C) We understand your world. D) One Family One Bank. Show Answer Correct Answer: C) We understand your world. 10. Which among the following is known as prepaid negotiable instrument? A) Cheque. B) Promissory note. C) Fixed deposit. D) Bankers cheque/ Pay order. Show Answer Correct Answer: D) Bankers cheque/ Pay order. 11. Maximum amount of Cheque A) Rs.1 crore. B) Rs.150 crore. C) No limit. D) Rs.200 crore. Show Answer Correct Answer: C) No limit. 12. The SARFAESI Act 2002 empowers Banks / Financial Institutions to recover their non-performing assets (bad loans) without the intervention of the Court. In "SARFAESI" second "S" stands for ..... A) Security. B) Share. C) Securitisation. D) Saving. Show Answer Correct Answer: A) Security. 13. The duration of fund raising from the commercial banks to the extent of RIDFs shortfall in agricultural lending is ..... A) Monthly. B) Weekly. C) Daily. D) Yearly. Show Answer Correct Answer: D) Yearly. 14. Which is the first Indian bank started solely with Indian capital investment? A) Punjab National Bank. B) Canara Bank. C) Central Bank of India. D) State Bank of India. Show Answer Correct Answer: A) Punjab National Bank. 15. A bank include in the second schedule of RBI is called as A) Scheduled Bank. B) Cooperative Bank. C) Commercial Bank. D) National Bank. Show Answer Correct Answer: A) Scheduled Bank. 16. What happens when a bank dishonours a cheque? A) It is called nullifying of the cheque. B) It is called settlement of the cheque. C) It is called withdrawing of the cheque. D) It is called return of the cheque unpaid. Show Answer Correct Answer: D) It is called return of the cheque unpaid. 17. Where is the Bank of International Settlement headquartered? A) France. B) Belgium. C) Germany. D) Switzerland. Show Answer Correct Answer: D) Switzerland. 18. Who works as RBI's agent at places where it has no office of its own? A) Government of India. B) State Bank of India. C) International Monetary Fund. D) Ministry of Finance. Show Answer Correct Answer: B) State Bank of India. 19. With reference to a cheque which of the following is the 'drawee bank'? A) The bank that collects the cheque. B) The bank upon which the cheque is drawn. C) The endorser's bank. D) The payee's bank. Show Answer Correct Answer: B) The bank upon which the cheque is drawn. 20. Which is the first bank to introduce ATM in India? A) HSBC. B) State Bank of India. C) United Bank of India. D) Standard Chartered Bank. Show Answer Correct Answer: A) HSBC. 21. The committee that recommended the introduction of electronic clearing services? A) Saraf Committee. B) Kapoor Committee. C) Rangarajan Committee. D) Shere Committee. Show Answer Correct Answer: A) Saraf Committee. 22. What is a stale cheque? A) A cheque which has completed 3 months from the date of its issue. B) A cheque issued without drawer's signature. C) A cheque with only signature of the drawer. D) Any one of the above. Show Answer Correct Answer: A) A cheque which has completed 3 months from the date of its issue. 23. In which year "Bank of India" was formed? A) 1906. B) 1907. C) 1905. D) 1908. Show Answer Correct Answer: A) 1906. 24. Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks? A) SBI. B) SIDBI. C) NABARD. D) LIC. Show Answer Correct Answer: A) SBI. 25. Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per provisions of which of the following Act? A) Limitation Act. B) Negotiable Instrument Act 1881. C) RBI Act. D) Banking Regulation Act. Show Answer Correct Answer: D) Banking Regulation Act. 26. The ownership structure of Regional Rural Banks (RRBs) comprises of A) Central Govt., State Govt. and Sponsor Bank. B) Sponsor Bank, Reserve Bank of India and NABARD. C) Central Govt., State Govt., Reserve Bank of India (RBI). D) Sponsor Bank, Reserve Bank of India (RBI) and State Govt. Show Answer Correct Answer: A) Central Govt., State Govt. and Sponsor Bank. 27. The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of A) 1975. B) 1955. C) 1985. D) 1965. Show Answer Correct Answer: D) 1965. 28. Which one of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance? A) No frill account. B) Students Savings Bank Account. C) Current Account. D) Savings Bank-ordinary Account. Show Answer Correct Answer: A) No frill account. 29. Which one of the following allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments? A) IBS. B) POS. C) CBS. D) DBS. Show Answer Correct Answer: B) POS. 30. In which year "Indian Bank" was formed? A) 15th August 1907. B) 15th August 1905. C) 15th August 1903. D) 15th August 1909. Show Answer Correct Answer: A) 15th August 1907. 31. First bank in India to launch its interactive banking service through Dish TV A) Axis Bank. B) HDFC Bank. C) ICICI Bank. D) HSBC. Show Answer Correct Answer: B) HDFC Bank. 32. According to which guidelines did the Government pick up the entire SBI shares held by the RBI? A) Financial Regulations. B) Securities Commission. C) National Stock Exchange of India. D) Securities and Exchange Board of India (SEBI). Show Answer Correct Answer: D) Securities and Exchange Board of India (SEBI). 33. When did the government acquire RBI's shareholding (72.5 %) in NABARD? A) March, 2009. B) June, 2008. C) May, 2008. D) August, 2008. Show Answer Correct Answer: B) June, 2008. 34. RBI can carry out inspection of any bank under section ..... of Banking Regulation Act. A) 33. B) 37. C) 35. D) 31. Show Answer Correct Answer: C) 35. 35. The largest bank Imperial bank was nationalized in 1955 and rechristened as State Bank of India on the recommendation of which committee? A) Chelliah Committee. B) Rangarajan Committee. C) Gorewala Committee. D) Rekhi Committee. Show Answer Correct Answer: C) Gorewala Committee. 36. Quantitative instrument of the RBI can be A) Bank Rate Policy. B) Cash Reserve Ratio. C) Statutory Liquidity Ratio. D) All of these. Show Answer Correct Answer: D) All of these. 37. The Reserve Bank of India was established on ..... A) July 12, 1982. B) April 12, 1939. C) May 26, 2006. D) April 1, 1935. Show Answer Correct Answer: D) April 1, 1935. 38. Punjab National Bank was established in ..... A) 1894. B) 1917. C) 1890. D) 1922. Show Answer Correct Answer: A) 1894. 39. Co-operative Societies Act..... A) 1911. B) 1913. C) 1914. D) 1912. Show Answer Correct Answer: D) 1912. 40. In 1982, the rural planning and credit cell (RPCC) of reserve bank of India was merged in which of the following banks? A) RRBs. B) IDBI. C) SIDBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 41. An account holder draws a cheque on a ..... A) Banker of the Endorsee. B) Banker of the Drawee. C) Banker of the Drawer. D) Banker of the Payee. Show Answer Correct Answer: C) Banker of the Drawer. 42. Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning? A) Bangalore Stock Exchange. B) Delhi Stock Exchange. C) Bombay Stock Exchange. D) Calcutta Stock Exchange. Show Answer Correct Answer: B) Delhi Stock Exchange. 43. Which country started first plastic notes? A) Afghanistan. B) Austria. C) Argentina. D) Australia. Show Answer Correct Answer: D) Australia. 44. Who provides refinance facilities to RRBs? A) NABARD. B) RBI. C) Government of India. D) SIDBI. Show Answer Correct Answer: A) NABARD. 45. How much quantity of coins to be minted decided by A) RBI. B) SBI. C) Union government. D) IRDA. Show Answer Correct Answer: C) Union government. 46. Where is the head office of Syndicate Bank located? A) Kolkata. B) Bangalore. C) Manipal. D) Mumbai. Show Answer Correct Answer: C) Manipal. 47. Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). BBB will start functioning from ..... A) 1st April 2016. B) 1st January 2016. C) 31st March 2016. D) 31st December 2015. Show Answer Correct Answer: A) 1st April 2016. 48. Which is the first Indian bank to get ISO? A) Canara Bank. B) State Bank of India. C) Punjab National Bank. D) Central Bank of India. Show Answer Correct Answer: A) Canara Bank. 49. What is 'fiat money'? A) The currency is backed by Government Guarantee. B) The currency is backed by tangible assets. C) The currency is backed by gold reserves. D) The currency is backed by budgetary support. Show Answer Correct Answer: A) The currency is backed by Government Guarantee. 50. What is the full form of EFT? A) Efficient Funds Transfer. B) Electronic Foreign Transfer. C) Electronic Funds Transfer. D) Effective Funds Transfer. Show Answer Correct Answer: C) Electronic Funds Transfer. 51. A banknote is also known as a ..... A) Bill. B) Paper money. C) Simply a note. D) All of these. Show Answer Correct Answer: D) All of these. 52. Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008? A) State Bank of Mysore. B) State Bank of Saurashtra. C) State Bank of Hyderabad. D) State Bank of Indore. Show Answer Correct Answer: B) State Bank of Saurashtra. 53. Who headed the committee on Credit Information Reports (CIRs)? A) Raghuram Rajan. B) K.V Kamath. C) Aditya Puri. D) Kaushik Basu. Show Answer Correct Answer: C) Aditya Puri. 54. What is the name of technology given to the recently introduced computerised clearance of cheques A) Automatic clearance. B) Speedline System. C) Special clearning. D) MICR. Show Answer Correct Answer: D) MICR. 55. Which one of the following is controlled by the world wide web? A) Virtual Banking. B) Universal banking. C) Wholesale Banking. D) None of these. Show Answer Correct Answer: A) Virtual Banking. 56. Which of the following section defines offence of money laundering? A) Section 4. B) Section 2. C) Section 1. D) Section 3. Show Answer Correct Answer: D) Section 3. 57. The Holidays for the Banks are declared as per which of the following Act A) Negotiable instrument Act -1881. B) Banking Regulation Act - 1949. C) Company Act. D) Reserve bank Act. Show Answer Correct Answer: A) Negotiable instrument Act -1881. 58. Electronic fund transfers like RTGS and NEFT are operated and maintained by ..... A) Bharat Bill Payment System (BBPS). B) Clearing Corporation of India Limited (CCIL). C) National Payments Corporation of India (NPCI). D) Reserve Bank of India (RBI). Show Answer Correct Answer: D) Reserve Bank of India (RBI). 59. Tier-II capital consists of A) Subordinated debt, hybrid debt capital instruments. B) General provisions, loss reserves and revaluation reserves. C) Undisclosed reserves and cumulative perpetual preference shares. D) All of the above. Show Answer Correct Answer: D) All of the above. 60. In CDR, "R" stands for ..... A) Reserve. B) Restructuring. C) Ratio. D) Receipt. Show Answer Correct Answer: B) Restructuring. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBanking Awareness And Sebi Quiz 1Banking Awareness And Sebi Quiz 2Banking 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