This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 6 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Identify the odd one out from the following benefits of RTGS. A) Suited for only lower value transactions. B) Avoids credit risk while settlement. C) Settlement is immediate. D) Lowers the settlement risk. Show Answer Correct Answer: A) Suited for only lower value transactions. 2. What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time? A) Banks are asked to maintain CRR. B) Banks are asked to keep mandatory regulatory cash reserve with RBI. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 3. In which year "Bank of Baroda" was formed? A) 1901. B) 1913. C) 1908. D) 1907. Show Answer Correct Answer: C) 1908. 4. What is the full form of NAV? A) Net Actual Value. B) Net Asset Value. C) Net Annual Value. D) Net Average Value. Show Answer Correct Answer: B) Net Asset Value. 5. 'Fiat Money' is that that is A) Decreed as income by a government. B) Accepted by abroad banks only. C) Accepted during a moment in lieu of gold. D) Backed by bullion or silver. Show Answer Correct Answer: C) Accepted during a moment in lieu of gold. 6. A money Bill can originate A) Only in Rajya Sabha. B) Only in Lok Sabha. C) In either house of the parliament. D) Only in a joint sitting of 2 houses. Show Answer Correct Answer: B) Only in Lok Sabha. 7. Credit cards are of standard size and thickness and are embossed with the following details A) Validity date. B) Card number. C) Name of card holder. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. What does the letter 'M' depict in the term SME as used in the financial world? A) Market. B) Medium. C) Maximum. D) Mutual. Show Answer Correct Answer: B) Medium. 9. When did the National Bank of Agriculture and Rural Development establish? A) July, 1982. B) July, 1969. C) June, 1951. D) June, 1961. Show Answer Correct Answer: A) July, 1982. 10. What is the full form Of FEMA A) Foreign Exchange Management Act. B) Foreign Exchange Money Agency. C) Foreign Exchange Money Act. D) Full Exchange money Agency. Show Answer Correct Answer: A) Foreign Exchange Management Act. 11. INFINET stands for A) Indoor Financial network. B) Internet Financial network. C) Indian Financial network. D) International Financial network. Show Answer Correct Answer: D) International Financial network. 12. Which is the policy that offers multiple coverage combinations for both buildings and contents? A) REPO. B) WPI. C) PRP. D) UNDP. Show Answer Correct Answer: C) PRP. 13. In which year "Dhanlaxmi Bank Ltd. " was formed? A) 1928. B) 1925. C) 1927. D) 1926. Show Answer Correct Answer: C) 1927. 14. Maximum Part of India Foreign Currency is utilized for..... A) Iron-Steel Import. B) Petroleum Import. C) Technology Knowledge Import. D) Food Item Import. Show Answer Correct Answer: B) Petroleum Import. 15. India's first indigenous payment gateway is .....? A) India Pay. B) India Challan. C) India Payment. D) India Expenditure. Show Answer Correct Answer: A) India Pay. 16. RBI has launched a website to provides information about identifying fake currency. A) Https://www.rbi.org.com. B) Https://paisaboltahai.rbi.org.in. C) Https://paisaboltahai.rbi.org.com. D) Https://www.rbi.org.in. Show Answer Correct Answer: B) Https://paisaboltahai.rbi.org.in. 17. When did the National Housing Bank start its operations? A) July, 1982. B) July, 1988. C) July, 1984. D) July, 1994. Show Answer Correct Answer: B) July, 1988. 18. A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will A) Stop payment. B) Performs no action. C) Not act on the request. D) Note caution and will advice the payee to contact purchaser of the draft. Show Answer Correct Answer: D) Note caution and will advice the payee to contact purchaser of the draft. 19. Which is the largest private sector bank in India? A) South Indian Bank. B) Axis Bank. C) ICICI Bank. D) HDFC Bank. Show Answer Correct Answer: C) ICICI Bank. 20. The formal way of lending includes lending from? A) RRB. B) Co-operative Banks. C) Public Sector Banks andPrivate Sector Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. In which year "Indian Overseas Bank" was formed? A) 1939. B) 1931. C) 1935. D) 1937. Show Answer Correct Answer: D) 1937. 22. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consolidated supervision of A) Commercial Banks. B) Financial Institutions. C) Non Banking Finance Companies. D) All the above. Show Answer Correct Answer: D) All the above. 23. What is the cost of credit expressed as a percentage on a yearly basis called? A) WPI. B) APY. C) APR. D) None of these. Show Answer Correct Answer: C) APR. 24. When did the Government initiate the process of amalgamation of RRBs in a phased manner? A) October, 2001. B) March, 2009. C) September, 2005. D) June, 2010. Show Answer Correct Answer: C) September, 2005. 25. Which of the following acts as Regulators for Credit rating agencies in India? A) NSDL. B) SIDBI. C) SEBI. D) RBI. Show Answer Correct Answer: C) SEBI. 26. Which of the following bank launches India's first Mobile ATM? A) Axis Bank. B) SBI. C) HDFC Bank. D) ICICI Bank. Show Answer Correct Answer: D) ICICI Bank. 27. National Institute of Bank Management is the institute meant for..... A) Training of bank employees in Banking. B) Recruitment of Bank Employees at all levels. C) Providing Management personnel to the Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. Bill of Exchange, Promissory Notes and Cheques are defined as A) Trust Receipts. B) Negotiable Instruments. C) Documents of Title of Goods. D) All of these. Show Answer Correct Answer: B) Negotiable Instruments. 29. Which of the following is a part of the core sector? A) Textiles. B) Real Estate. C) Machine Manufacturing. D) Chemicals. Show Answer Correct Answer: C) Machine Manufacturing. 30. Open-market operations of Reserve Bank of India refer to? A) Auctioning. B) Trading in securities. C) Transaction in gold. D) All of these. Show Answer Correct Answer: B) Trading in securities. 31. NEFT is useful because A) The beneficiary need not visit his/ her bank for depositing the paper instruments. B) The remitter need not send the physical cheque or Demand Draft to the beneficiary. C) Cost effective. D) All the above. Show Answer Correct Answer: D) All the above. 32. If the stock markets are declining then it is called as ..... A) Bull run. B) Stage. C) Bear run. D) Down run. Show Answer Correct Answer: C) Bear run. 33. Banks have to declare CAR in their balance sheet. What is the full form of CAR? A) Capital At Risk. B) Computer Assisted Reporting. C) Capital Adequacy Ratio. D) Court Appointed Receiver. Show Answer Correct Answer: C) Capital Adequacy Ratio. 34. What is the full form of FSDC? A) Fiscal Stability and Development Council. B) Financial Stability and Development Council. C) Financial Security and Development Council. D) Financial Security and Development Convention. Show Answer Correct Answer: B) Financial Stability and Development Council. 35. Minimum cash reserves fixed by law constitute ..... A) A percentage of capital & reserves of the bank. B) A percentage of aggregate deposits of the bank. C) A percentage of aggregate loans and advances of the bank. D) All of the above. Show Answer Correct Answer: B) A percentage of aggregate deposits of the bank. 36. What is the minimum capital requirement for New Banks in the Private Sector? A) Rs. 1000 crore. B) Rs. 250 crore. C) Rs. 750 crore. D) Rs. 500 crore. Show Answer Correct Answer: D) Rs. 500 crore. 37. What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents? A) Letter of credit. B) Bill of country. C) Bill of exchange. D) Letter of exchange. Show Answer Correct Answer: A) Letter of credit. 38. Whose signature is there on 10 Rupee note? A) Governor, RBI. B) Governor, SBI. C) Finance Minister. D) Finance Secretary. Show Answer Correct Answer: A) Governor, RBI. 39. Which of the following are Bank advances of a Bank? A) Out of order accounts. B) Overdrawn accounts. C) Bad debts. D) Non-performing Assets. Show Answer Correct Answer: D) Non-performing Assets. 40. CAPART is associated with which of the following? A) Foreign trade. B) Infrastructure. C) Energy sector. D) Rural Developement. Show Answer Correct Answer: D) Rural Developement. 41. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 per cent to? A) 76 %. B) 78 %. C) 74 %. D) 72 %. Show Answer Correct Answer: C) 74 %. 42. What is the maximum value to be stored in a prepaid card? A) Rs. 10,000. B) Rs. 5,000. C) No limit. D) Rs. 50,000. Show Answer Correct Answer: D) Rs. 50,000. 43. If Reserve Bank of India hikes interest rates by 25 basis points in its monetary policy, then a commercial bank would like to increase it's interest rates on loans by 25 basis points of.....? A) Prime Lending Rate. B) Repo rate. C) Saving account interest rate. D) Base rate. Show Answer Correct Answer: D) Base rate. 44. Which one of the following is a set of statutes enacted to provide consistency among the States' commercial laws? A) NSC. B) ARC. C) AIRSCS. D) UCC. Show Answer Correct Answer: D) UCC. 45. 'Subprime lending' is a term applied to the loans made to ..... A) Those borrowers who do not have a good credit history. B) Those borrowers who have a good debit history. C) Those borrowers who do not have a good debit history. D) Those borrowers who have a good credit history. Show Answer Correct Answer: A) Those borrowers who do not have a good credit history. 46. In which year "Karur Vysya Bank" was formed? A) 1916. B) 1910. C) 1913. D) 1920. Show Answer Correct Answer: A) 1916. 47. Which of the following cooperative bank is considered as the first cooperative bank in India? A) Amanath Cooperative Bank Limited. B) Anyonya Cooperative Bank. C) Ahmedabad Mercantile Cooperative Bank Limited. D) Abhyudaya Cooperative Bank Limited. Show Answer Correct Answer: B) Anyonya Cooperative Bank. 48. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control A) Avoiding frauds in ATMs. B) Money Laundering. C) Tax Evasion. D) Terrorism. Show Answer Correct Answer: B) Money Laundering. 49. Which movement encouraged the formation of commercial banks? A) Civil Disobedience Movement. B) Swadeshi movement. C) Non Cooperation Movement. D) Quit India Movement. Show Answer Correct Answer: B) Swadeshi movement. 50. Indian Stamp Act..... A) 1889. B) 1902. C) 1881. D) 1907. Show Answer Correct Answer: A) 1889. 51. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the A) UBOR. B) Base rate. C) Exchange rate. D) Inter bank Call money rate. Show Answer Correct Answer: C) Exchange rate. 52. A rate of exchange established between any two currencies on the basis of the respective quotation of each currency in terms of a third currency is known as A) Merchant rate. B) Wash rate. C) Composite rate. D) Cross rate. Show Answer Correct Answer: D) Cross rate. 53. One can enjoy the "overdraft facility" in A) Fixed Deposit Account. B) Saving Account. C) Recurring Account. D) Current Account. Show Answer Correct Answer: D) Current Account. 54. Which country launched world first Facial recognition ATM? A) China. B) Japan. C) Canada. D) US. Show Answer Correct Answer: A) China. 55. Which one of the following gives consumers the right to see their credit records and correct mistakes? A) FCRA. B) FACTA. C) FDCPA. D) FOIA. Show Answer Correct Answer: A) FCRA. 56. Mutual funds are regulated in India by which among the following? A) RBI. B) SEBI. C) RBI and SEBI. D) Stock exchange. Show Answer Correct Answer: B) SEBI. 57. In that sort of account, banks in all don't compensate interest A) Saving Account. B) Current Account. C) Fixed Deposit Account. D) Interest is regularly upon credit in all sorts of account. Show Answer Correct Answer: B) Current Account. 58. Which is the financial year of Reserve Bank of India? A) July-June. B) April-March. C) January-December. D) October-September. Show Answer Correct Answer: B) April-March. 59. Which bank began its operations in Oct - 2015? A) IDLI. B) IDFC. C) Bandhan bank. D) Shreeram Financers. Show Answer Correct Answer: B) IDFC. 60. The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as A) Core capital. B) Net capital. C) Working capital. D) Gross capital. Show Answer Correct Answer: A) Core capital. ← 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 7Banking Awareness And Sebi Quiz 8Banking Awareness And Sebi Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books