This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 7 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following is a financial ratio that gives a measure of a company's ability to meet its financial losses? A) Leverage Ratio. B) Statutory Liquidity Ratio. C) Loan-to-Value Ratio. D) Cash Reverse Ratio. Show Answer Correct Answer: A) Leverage Ratio. 2. Which among the following is a 'Public Sector Bank' in India? A) ING Vysya Bank. B) Karnataka Bank. C) IndusInd Bank. D) Dena Bank. Show Answer Correct Answer: D) Dena Bank. 3. What is the minimum value of stock of gold coins, bullion and foreign securities, which RBI has to maintain at any point of time? A) Rs. 115 cr. B) Rs. 200 cr. C) Rs. 325 cr. D) Rs. 100 cr. Show Answer Correct Answer: A) Rs. 115 cr. 4. Which one of the following is not an electronic banking delivery channel? A) Mobile Vans. B) Internet Banking. C) Mobile Phone Banking. D) ATM. Show Answer Correct Answer: A) Mobile Vans. 5. Which of the following is NOT part of the scheduled banking structure in india? A) Money Lenders. B) Private Sector Banks. C) Regional Rural Banks. D) Public Sector Banks. Show Answer Correct Answer: A) Money Lenders. 6. The National Housing Bank (NHB) was established in ..... A) 1990. B) 1988. C) 1989. D) 1987. Show Answer Correct Answer: B) 1988. 7. Which of the following cannot be called as a value Added Service offered by bank? A) Free cheque books. B) Instant credit of outstations cheques. C) Accident Insurance Cover. D) Special Accounts for poor sections of society. Show Answer Correct Answer: A) Free cheque books. 8. India's first defence industrial bank will be set-up in which of the following states? A) Goa. B) Kerala. C) Haryana. D) Jammu and Kashmir. Show Answer Correct Answer: B) Kerala. 9. What is the full form of MTSS? A) Medium Transfer Service Scheme. B) Moderate Transfer Service Scheme. C) Money Transfer Service Strategy. D) Money Transfer Service Scheme. Show Answer Correct Answer: D) Money Transfer Service Scheme. 10. Which bank had the highest concentrations of operations overseas in 2010? A) State Bank of India. B) Union Bank of India. C) Bank of India. D) Bank of Baroda. Show Answer Correct Answer: D) Bank of Baroda. 11. Imperial Bank of India was nationalised in ..... A) 1945. B) 1955. C) 1935. D) 1965. Show Answer Correct Answer: B) 1955. 12. What are the facilities available to the customers through ATM A) Cash deposit. B) Balance enquiry. C) Cash withdrawal subject to a predetermined limit per day. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. The largest financial conglomerate of India is A) SBI. B) ICICI Bank. C) IFCI. D) HDFC Bank. Show Answer Correct Answer: A) SBI. 14. Demand deposits mean .....? A) Short deposits. B) Fixed deposits. C) Current deposits. D) Deposits withdraw-able on demand by the depositor. Show Answer Correct Answer: D) Deposits withdraw-able on demand by the depositor. 15. The first bank purely managed by Indian was Punjab National Bank. PNB was established in Lahore in..... A) 1915. B) 1905. C) 1925. D) 1895. Show Answer Correct Answer: D) 1895. 16. Which of the following are the amounts owed to a company that are not going to be paid? A) Non-performing Assets. B) Bad debts. C) Out of order accounts. D) Overdrawn accounts. Show Answer Correct Answer: B) Bad debts. 17. Under Section 5(a) of the Banking Regulation Act 1949, approved securities denote A) The securities approved by IDBI. B) Securities approved by Indian Banks Association. C) Securities defined under section 20 of the Indian Trusts Act 1882. D) None of these. Show Answer Correct Answer: C) Securities defined under section 20 of the Indian Trusts Act 1882. 18. In which year "Lakshmi Vilas Bank Limited" was formed? A) 1928. B) 1926. C) 1927. D) 1925. Show Answer Correct Answer: B) 1926. 19. An Individual can have what number of 'Basic Savings Bank Deposit Account' in one bank? A) Only one. B) Only four. C) Only two. D) Only three. Show Answer Correct Answer: A) Only one. 20. What is a Bank breeze? A) Instraction to a landowner to pick up a customer's debt. B) Instruction not to honour a stop payment. C) Cheque that a bank draws upon itself. D) Letter from a Bank. Show Answer Correct Answer: C) Cheque that a bank draws upon itself. 21. Rupee coins are the legal tender in India under the provisions of A) Negotiable Instruments Act 1881. B) Reserve Bank of India Act 1934. C) Banking Regulation Act 1949. D) Indian Coinage Act 1906. Show Answer Correct Answer: D) Indian Coinage Act 1906. 22. Which among the following is NOT a subsidiary of RBI? A) National Housing Bank. B) SIDBI. C) Bharatiya Reserve Bank Note Mudran Private Limited. D) NABARD. Show Answer Correct Answer: B) SIDBI. 23. Who is responsible for minting coins in India, and under which act? A) Government of India, Banking Regulation Act. B) RBI, Coinage Act. C) Government of India, Coinage Act. D) RBI, RBI Act. Show Answer Correct Answer: C) Government of India, Coinage Act. 24. For a scheduled bank the paid up capital and collected funds of bank should not be less than .....? A) Rs. 5 lakh. B) Rs. 1 lakh. C) Rs. 50 crore. D) Rs. 1 crore. Show Answer Correct Answer: A) Rs. 5 lakh. 25. Which of the following has introduced a new tool named Data Warehousing and Business Intelligence System for speedy analysis of data and identification of violations? A) TRAI. B) RBI. C) SBI. D) IRDA. Show Answer Correct Answer: C) SBI. 26. What is the full form of CDSL? A) Central Depository Services Limited. B) Cardinal Depository Services Limited. C) Central Depository Securities Limited. D) None of these. Show Answer Correct Answer: A) Central Depository Services Limited. 27. IFSC in a cheque means A) It has 11 digits alpha numeric. B) Indian Financial System Code. C) First 4 digits represent Bank Name. D) All the above. Show Answer Correct Answer: D) All the above. 28. A cheque is defined u/s ..... of NI Act . A) 6. B) 9. C) 13(a). D) 10. Show Answer Correct Answer: A) 6. 29. In which year "Andhra Bank" was formed? A) 1920. B) 1923. C) 1921. D) 1922. Show Answer Correct Answer: B) 1923. 30. Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for "un-banked" regions? A) Kotak India. B) Bharat. C) Indian Kotak. D) Kotak Bharat. Show Answer Correct Answer: D) Kotak Bharat. 31. Under which kind of banking, the purchasing through net banking comes? A) P-commerce. B) Online banking. C) Offline banking. D) M-commerce. Show Answer Correct Answer: B) Online banking. 32. The Bombay Stock Exchange (BSE) Established in..... A) 1875. B) 1885. C) 1865. D) 1855. Show Answer Correct Answer: A) 1875. 33. ATM cards are issued to a person who maintains any of following accounts with the bank A) Current Accounts. B) Savings Bank Accounts. C) Both (a) and (b). D) Loan or Cash Credit Accounts. Show Answer Correct Answer: C) Both (a) and (b). 34. What is the product of the share price and number of the company's outstanding ordinary shares? A) Market Capitalization. B) Market Trend. C) Treasury Stock. D) Market Price. Show Answer Correct Answer: A) Market Capitalization. 35. In which year "Central Bank of India" was formed? A) 21st December 1911. B) 21st December 1910. C) 21st December 1913. D) 21st December 1912. Show Answer Correct Answer: A) 21st December 1911. 36. Where is the United Bank of India headquartered? A) Mangaluru. B) New Delhi. C) Mumbai. D) Kolkata. Show Answer Correct Answer: D) Kolkata. 37. In which year, Paper Currency Act was enacted by British Government of India? A) 1862. B) 1863. C) 1860. D) 1861. Show Answer Correct Answer: D) 1861. 38. What is the stipulated share of the priority sector in the net bank credit? A) 30 %. B) 20 %. C) 40 %. D) 50 %. Show Answer Correct Answer: C) 40 %. 39. Which among the following has launched a Smart Humsafar Plan, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy? A) LIC. B) SBI Life. C) NIACL. D) ICICI Prudential. Show Answer Correct Answer: B) SBI Life. 40. Which among the following is the act of taking on a risk for a fee? A) Guidewire. B) Initial Public Offering. C) Underwriting. D) Predictive analytics. Show Answer Correct Answer: C) Underwriting. 41. Which of the following got accredited by the Green Climate fund as a national implementing entity for undertaking climate change related projects in India? A) EPFO. B) NABARD. C) MUDRA. D) SIDBI. Show Answer Correct Answer: B) NABARD. 42. Money lent for one day is called A) Term Money. B) Call money. C) Notice money. D) All of the above. Show Answer Correct Answer: B) Call money. 43. Under Bretton Woods System, as a member of IMF, India declared its par value of rupee in terms of..... A) British Pound. B) American Dollar. C) Gold. D) Australian Dollar. Show Answer Correct Answer: C) Gold. 44. Which among the following is not a public sector bank? A) UCO Bank. B) Vijaya Bank. C) Allahabad Bank. D) City Union Bank. Show Answer Correct Answer: D) City Union Bank. 45. Kapoor committee, 1999 is related to ..... A) Capital Account convertibility. B) Micro-finance. C) Co-operative Banking Reforms. D) Restructuring of RRBs. Show Answer Correct Answer: C) Co-operative Banking Reforms. 46. Which of the following is one of the main functions of the Reserve Bank of India? A) Banker's Bank. B) Regulation of the Stock Markets. C) Regulation of Life Insurance. D) Regulation of Mutual Funds in India. Show Answer Correct Answer: A) Banker's Bank. 47. What does the section 85 of The Negotiable Instruments Act, 181 deal with? A) Discharge from liability. B) Cheque payable to order. C) When cheque not duly presented and drawer damaged thereby. D) Discharge by allowing drawer more than forty eight hours to accept. Show Answer Correct Answer: B) Cheque payable to order. 48. In which year "United Bank of India" was formed? A) 1955. B) 1943. C) 1951. D) 1947. Show Answer Correct Answer: B) 1943. 49. Which is the minimum lending rate decided by RBI which shall be adopted by all Public Sector Banks? A) Bank rate. B) Base rate. C) Overnight rate. D) None of the above. Show Answer Correct Answer: B) Base rate. 50. Which was the first Indian Bank to introduce credit card? A) Central Bank of India. B) ICICI. C) Union Bank of India. D) State Bank of India. Show Answer Correct Answer: A) Central Bank of India. 51. What is the full form of TLR? A) Triple Lock Receptacle. B) Two Lock Reception. C) Two Lock Receptacle. D) Triple Lock Reception. Show Answer Correct Answer: A) Triple Lock Receptacle. 52. Which of the following is true about the functions performed by RBI A) It is the Bank of Issue. B) It is the banker of other banks. C) It regulates the flow of credit. D) All of the above. Show Answer Correct Answer: D) All of the above. 53. First Indian bank to Introduce internet banking A) HDFC bank. B) UCO Bank. C) Bank of India. D) ICICI bank. Show Answer Correct Answer: D) ICICI bank. 54. Who is the highest judicial forum and final court of appeal under the Constitution of India? A) President of the Republic of India. B) Prime Minister of India. C) Supreme Court of India. D) None of these. Show Answer Correct Answer: C) Supreme Court of India. 55. In which year "South Indian Bank Limited" was formed? A) 1929. B) 1928. C) 1930. D) 1927. Show Answer Correct Answer: A) 1929. 56. Life span of Rs. 10 notes are A) 30-35 months. B) 20-25 months. C) 40-45 months. D) 10-15 months. Show Answer Correct Answer: B) 20-25 months. 57. A Credit Guarantee Trust Fund has been set up for guaranteeing Collateral Free Facilities by lending institutions to Small Scale Industries. This fund is being managed by which of the following instit A) SBI. B) SIDBI. C) NABARD. D) RBI. Show Answer Correct Answer: B) SIDBI. 58. Which of the following authorities is responsible for maintaining accounts, deposits and cash management of the Government through issue Bonds and Treasury Bills? A) IRDA. B) RBI. C) SEBI. D) SBI. Show Answer Correct Answer: B) RBI. 59. Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by ..... A) Corporate & Financial Institutions. B) Reserve Bank of India. C) Government of India. D) IRDA. Show Answer Correct Answer: C) Government of India. 60. Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by A) SARFAESI Act. B) Indian Contract Act. C) Banking Regulation Act. D) Government Notification. Show Answer Correct Answer: C) Banking Regulation Act. ← 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 8Banking Awareness And Sebi Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books