This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the case of a demand draft A) Drawer, drawee and payee are different. B) Drawer, drawee and payee are the same. C) Drawer and payee are the same but the drawee is different. D) Drawer and drawee are the same but he payee is different. Show Answer Correct Answer: D) Drawer and drawee are the same but he payee is different. 2. The SLR and non-SLR securities of the banks are classified into 3 categories. Which of these is not part of those 3 categories? A) Half-yearly. B) Quarterly. C) Monthly. D) Yearly. Show Answer Correct Answer: D) Yearly. 3. Identify the macro economic policy/ policies of India ..... A) Fiscal policy. B) Monetary policy. C) Both (a) and (b). D) Regulatory policy. Show Answer Correct Answer: C) Both (a) and (b). 4. Which of the following acts govern the RBI functions? A) RBI Act 1934. B) Companies Act 1956. C) Banking Regulation Act 1949. D) Foreign Exchange Regulation Act 1973. Show Answer Correct Answer: A) RBI Act 1934. 5. Fixed deposits and recurring deposits are..... A) Not repayable. B) Repayable on demand. C) Repayable after an agreed period. D) Repayable on demand or after an agreed period as per banker's choice. Show Answer Correct Answer: D) Repayable on demand or after an agreed period as per banker's choice. 6. Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan? A) Moratorium. B) Subvention. C) Amortization. D) None of the above. Show Answer Correct Answer: A) Moratorium. 7. Where is NDB headquartered? A) Hong Kong. B) Shanghai. C) Chengdu. D) Beijing. Show Answer Correct Answer: B) Shanghai. 8. Which of the following is the full form of the term SLR as used in the banking sector? A) Social Lending Ratio. B) Scheduled Liquidity Rate. C) Separate Lending Rate. D) Statutory Liquidity Ratio. Show Answer Correct Answer: C) Separate Lending Rate. 9. In which year "Bank of Maharashtra" was formed? A) 16th Sept 1939. B) 16th Sept 1941. C) 16th Sept 1935. D) 16th Sept 1937. Show Answer Correct Answer: C) 16th Sept 1935. 10. In which year, Indian Rupee was devalued for the first time? A) 1966. B) 1965. C) 1967. D) 1968. Show Answer Correct Answer: A) 1966. 11. India's first International Financial Services Centre opened at ..... A) West Bengal. B) Rajasthan. C) Gujarat. D) Maharashtra. Show Answer Correct Answer: C) Gujarat. 12. Original headquarters of RBI were located at .....? A) Bombay. B) Calcutta. C) Madras. D) New Delhi. Show Answer Correct Answer: B) Calcutta. 13. Which is the first bank to introduce credit card in India? A) Canara Bank. B) ICICI Bank. C) Central Bank of India. D) Bank of Baroda. Show Answer Correct Answer: C) Central Bank of India. 14. Who sets up 'Base Rate' for Banks? A) RBI. B) Individual Banks Board. C) Interest Rate Commission of India. D) None of the above. Show Answer Correct Answer: A) RBI. 15. In finance, .....is a profit on an investment. A) Return. B) Interest. C) Both (a) and (b). D) Principal sum. Show Answer Correct Answer: C) Both (a) and (b). 16. India's own payment gate way 'RuPay' works in which of the following channel/s? A) Exports or imports. B) Inflation or deflation. C) Indian rupee or foreign currency. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. In which city the Bank of International Settlements (BIS) located? A) Davos. B) Paris. C) New York. D) Basel. Show Answer Correct Answer: D) Basel. 18. ASBA" stands for A) Application supported by blocked account. B) Application supported by balance account. C) Application supported by bank account. D) Application supported by blocked amount. Show Answer Correct Answer: D) Application supported by blocked amount. 19. All banking company are to prepare balance sheet and profit & loss account as on Mar 31 every year is prescribed in A) Companies Act 1956. B) Banking Regulations Act. C) 2ndschedule of RBI Act 1934. D) None of the above. Show Answer Correct Answer: B) Banking Regulations Act. 20. Which Bank was established in 1881 in Faizabad, and was the first commercial bank in India having limited liability and an entirely Indian board of directors? A) Royal Commercial Bank. B) Indus Commercial Bank. C) Imperial Commercial Bank. D) Oudh Commercial Bank. Show Answer Correct Answer: D) Oudh Commercial Bank. 21. From time - to - time, which among the following body publishes the "exchange control Manual" in context with the foreign exchange in India? A) SEBI. B) Department of commerce. C) Foreign trade promotion board. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. 22. Who regulates the Mutual Funds in India? A) FRBI. B) SIDBI. C) SEBI. D) RBI. Show Answer Correct Answer: C) SEBI. 23. A fixed deposit receipt is kept with the bank for its safety, is known as ..... A) Locker. B) Valid safe deposit. C) Safe deposit. D) Safe custody. Show Answer Correct Answer: D) Safe custody. 24. What is the full form of NIM? A) Net Interest Margin. B) Net Involution Margin. C) Net Involvement Margin. D) None of these. Show Answer Correct Answer: A) Net Interest Margin. 25. In India, Credit Rating Agencies are regulated by A) National Statistical Organisation (NSO). B) RBI. C) SEBI. D) Ministry of Finance. Show Answer Correct Answer: C) SEBI. 26. Small Coin Depots are A) Store houses of RBI for banknotes. B) Store houses of RBI for small coins. C) Store houses of commercial banks for rupee coins. D) Store houses of commercial banks for small coins. Show Answer Correct Answer: D) Store houses of commercial banks for small coins. 27. What is the main function of international monetary fund? A) Finance investment loans to developing countries. B) Arrange international deposits from banks. C) Help to solve Balance of Payment problems of member countries. D) Act as private sector lending arm of the World Bank. Show Answer Correct Answer: C) Help to solve Balance of Payment problems of member countries. 28. Which of the following entities are applicable for the new listing obligations and disclosure requirements of SEBI regulations, 2014? A) Listing of bonds. B) All listed companies. C) Listing of debentures. D) All of the above. Show Answer Correct Answer: D) All of the above. 29. The first Indian bank to open a branch outside India, in London in 1946 is A) BOI. B) SBI. C) BOB. D) PNB. Show Answer Correct Answer: A) BOI. 30. How many payment banks received in-principle approval by the Reserve bank of India? A) 11. B) 10. C) 12. D) 13. Show Answer Correct Answer: A) 11. 31. PAN number is required for all transactions above A) Rs. 2.5 lac. B) Rs. 4 lac. C) Rs. 25,000. D) Rs. 1 lac. Show Answer Correct Answer: D) Rs. 1 lac. 32. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of A) Chore Committee. B) Ghosh Committee. C) Kapoor Committee. D) Krishna Committee. Show Answer Correct Answer: D) Krishna Committee. 33. Who regulate monetary policy? A) SIDBI. B) SEBI. C) IRDA. D) RBI. Show Answer Correct Answer: D) RBI. 34. The Application Supported by Blocked Amount (ASBA) is related to which of the following sector? A) Insurance Sector. B) Export-Import. C) Capital market. D) Commodity market. Show Answer Correct Answer: C) Capital market. 35. What is the full form of 'MAT'? A) Minimum Alternate Tax. B) Minimum Alternate Time. C) Maximum Alternate Time. D) Maximum Alternate Tax. Show Answer Correct Answer: A) Minimum Alternate Tax. 36. Which is the first Indian bank to open branch outside India? A) Bank of India. B) Canara Bank. C) Andhra Bank. D) Bank of Baroda. Show Answer Correct Answer: A) Bank of India. 37. Who conducts integrated supervision over commercial banks, FIs and NBFCs and other para-banking financial institutions, in India? A) Dept. Of Banking Operations, RBI. B) Ministry of Finance, Govt. of India. C) FCMD of RBI. D) Security Exchange Board of India. Show Answer Correct Answer: C) FCMD of RBI. 38. Which type of machine is used by Business Correspondents? A) Biometric Card Reader. B) Micro ATMs. C) Solar empowered. D) POS. Show Answer Correct Answer: A) Biometric Card Reader. 39. National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. What is the limit on the amount that could be transferred using NEFT? A) Rs. 2 lakh. B) No limit. C) Rs. 1 lakh. D) Rs. 5 lakh. Show Answer Correct Answer: B) No limit. 40. A Bank would usually allow opening of a current account to .....? A) Lunatic person. B) Illiterate person. C) Minor Customer. D) None of the Above. Show Answer Correct Answer: D) None of the Above. 41. What is the full form of LIBOR? A) London-India Bureau Of Regulations. B) London Inter Bank Offered Rate. C) Local Indian Bank Offered Rate. D) Liberal International Bank Official Ratio. Show Answer Correct Answer: A) London-India Bureau Of Regulations. 42. "Basel Committee on Banking Supervision" is also known as ..... A) Global Financial System. B) Bank for International Settlements Committee. C) Financial Stability Board. D) Banking Regulation Committee. Show Answer Correct Answer: B) Bank for International Settlements Committee. 43. Rural Infrastructure Development Fund (RIDF) is financed by A) Ministry of Rural Development. B) Selected group of Public Sector Banks. C) Reserve Bank of India. D) NABARD. Show Answer Correct Answer: D) NABARD. 44. From the following in which bank no person can open his account? A) Commercial Bank. B) Rural Bank. C) Cooperative Bank. D) RBI. Show Answer Correct Answer: D) RBI. 45. In India, the bank which issued central currency is A) Central Bank of India. B) Reserve Bank of India. C) State Bank of India. D) Bank of India. Show Answer Correct Answer: B) Reserve Bank of India. 46. In finance, a derivative is a..... A) Return. B) Contract. C) Legal Agreement. D) None of these. Show Answer Correct Answer: B) Contract. 47. Which of the following permit cheque operation? A) Savings bank accounts and cash accounts. B) Savings bank accounts and current accounts. C) Current accounts and fixed deposit accounts. D) Savings bank accounts and fixed deposit accounts. Show Answer Correct Answer: B) Savings bank accounts and current accounts. 48. What is meant by Scheduled Bank? A) Bank issued a license by RBI mentioning therein that it is a scheduled bank. B) The bank incorporated under Banking Companies Act 1956. C) The bank functioning under provisions of Banking Reg. Act 1949. D) A bank included in 2ndschedule of RBI Act. Show Answer Correct Answer: D) A bank included in 2ndschedule of RBI Act. 49. Which of the following was the first mutual fund listed on the newly launched mutual fund platform on National Stock Exchange (NSE)? A) UTI Mutual Fund. B) SBI Mutual Fund. C) LIC Mutual Fund. D) Bank of Baroda Mutual Fund. Show Answer Correct Answer: A) UTI Mutual Fund. 50. As per SEBI directives, what is the minimum public shareholding in case of listed companies A) 5 %. B) 15 %. C) 35 %. D) 25 %. Show Answer Correct Answer: D) 25 %. 51. The markets catering the need of short term funds are called..... A) Insurance. B) Money Markets. C) Capital Markets. D) None of these. Show Answer Correct Answer: B) Money Markets. 52. What is the full form of FIMMDA? A) Fixed Income Money Markets & Derivatives Affiliation. B) Fixed Income Money Markets & Derivatives Association. C) Foreign Income Money Markets & Derivatives Association. D) Floating Income Money Markets & Derivatives Association. Show Answer Correct Answer: B) Fixed Income Money Markets & Derivatives Association. 53. A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as? A) Core Banking. B) Investment Banking. C) Mobile Banking. D) National Banking. Show Answer Correct Answer: A) Core Banking. 54. Who was was the first Indian to become governor of RBI? A) John Mathai. B) C. D. Deshmukh. C) Liaquat Ali Khan. D) T. T. Krishnamachari. Show Answer Correct Answer: B) C. D. Deshmukh. 55. Capital market can be divided into A) Gilt edged market. B) Industrial securities market. C) Both (a) and (b). D) Personal securities market. Show Answer Correct Answer: C) Both (a) and (b). 56. In which year "Tamilnad Mercantile Bank Limited" was formed? A) 11th May 1921. B) 11th May 1920. C) 11th May 1922. D) 11th May 1923. Show Answer Correct Answer: A) 11th May 1921. 57. In which type of banking, electronic financial transactions are done? A) M-Banking. B) Universal Banking. C) E-Banking. D) Internet Banking. Show Answer Correct Answer: C) E-Banking. 58. The Life Insurance Corporation Of India has how many Zonal offices in India? A) 10. B) 7. C) 8. D) 9. Show Answer Correct Answer: C) 8. 59. Negotiable Instruments Act..... A) 1883. B) 1882. C) 1884. D) 1881. Show Answer Correct Answer: D) 1881. 60. Savings account with zero balance can be opened for A) Women customers. B) Weaker sections of society. C) Person of high net worth. D) Employees of IT companies. Show Answer Correct Answer: B) Weaker sections of society. ← 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 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