This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 8 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which one of the following belongs to the time when a company makes the first offering of the shares to the public? A) REPO. B) CSO. C) IPO. D) WTO. Show Answer Correct Answer: C) IPO. 2. The held for trading securities are required to be sold within ..... A) 180 days. B) 90 days. C) There is no such time constraint. D) 360 days. Show Answer Correct Answer: B) 90 days. 3. Which among the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund? A) NABARD, UTI and RBI. B) SIDBI, NABARD and UTI. C) Government of India, NABARD and RBI. D) SIDBI, Government of India and IDBI Bank. Show Answer Correct Answer: C) Government of India, NABARD and RBI. 4. In India, conventionally, bonds are issued by institutions in ..... sector while debentures by corporate in ..... sector. A) Public, private. B) Private, public. C) Cooperative, NBFC. D) None of the above. Show Answer Correct Answer: A) Public, private. 5. Which of the following is the instrument of payment called Plastic Money? A) Plastic card. B) Identity card. C) Debit card. D) Banker's cheque. Show Answer Correct Answer: C) Debit card. 6. Which among the following is the first universal bank of India? A) ICICI. B) Axis Bank. C) HDFC. D) Federal Bank. Show Answer Correct Answer: A) ICICI. 7. What is the full-form of HDFC? A) Housing Development Finance Company. B) Housing Development Finance Corporation. C) Housing Development Financial Corporation. D) Housing Department Finance Corporation. Show Answer Correct Answer: B) Housing Development Finance Corporation. 8. When does money market is called as 'Tight'? A) When the call money rate is low. B) When the call money rate is high. C) When money availability in the market is very high. D) When participants in the money market are ready to lend. Show Answer Correct Answer: B) When the call money rate is high. 9. RBI currently follows which of the following system for issuance of currency? A) Proportional Reserve System. B) Minimum Reserve System. C) Maximum Reserve System. D) None of the above. Show Answer Correct Answer: B) Minimum Reserve System. 10. By crossing we mean A) Two horizontal lines on a cheque. B) One straight line across the cheque. C) Two lines across the cheque making 'X'. D) Two transverse parallel lines on a cheque. Show Answer Correct Answer: D) Two transverse parallel lines on a cheque. 11. Capital Market Regulator is A) BSE. B) SEBI. C) IRDA. D) RBI. Show Answer Correct Answer: B) SEBI. 12. Name the country's first small finance bank which started its operations recently? A) Ujjivan Financial Services. B) Utkarsh Micro Finance. C) Disha Microfin Private Limited. D) Capital Local Area Bank. Show Answer Correct Answer: D) Capital Local Area Bank. 13. Bank which is listed in the 2nd Schedule of the Reserve Bank of India Act, 1934 called..... A) Payments Bank. B) Scheduled bank. C) Non-scheduled banks. D) All of the above. Show Answer Correct Answer: B) Scheduled bank. 14. An instrument of qualitative credit control in India is? A) Change in reverse ratio. B) Credit rationing. C) Open market operations. D) Bank rate policy. Show Answer Correct Answer: B) Credit rationing. 15. Which of the following is known as highest or apex body of cooperative banks? A) State cooperative Banks. B) Central Co-operative Banks. C) Local Co-operative Banks. D) Primary Credit Societies. Show Answer Correct Answer: A) State cooperative Banks. 16. What is the full form of CRR? A) Cash Reserve Ratio. B) Cash Recession Ratio. C) Cash Reserve Rate. D) Core Reserve Rate. Show Answer Correct Answer: A) Cash Reserve Ratio. 17. What is the notified amount for the auction of 364-day treasury bill? A) 100 crores. B) 500 crores. C) 300 crores. D) 1000 crores. Show Answer Correct Answer: B) 500 crores. 18. Which of the following bank has launched 'mVisa' - a mobile-based payments solution? A) Canara Bank. B) HSBC Bank. C) ICICI Bank. D) SBI. Show Answer Correct Answer: D) SBI. 19. Which one of the following is the ratio of the loan principal to the appraised value? A) Loan-to-Value Ratio. B) Combined Loan To Value: (CLTV) ratio. C) Mortgage Loan. D) Statutory Liquidity Ratio. Show Answer Correct Answer: A) Loan-to-Value Ratio. 20. Government of India, nationalised ..... major private sector banks in year 1969 A) 18. B) 14. C) 16. D) 12. Show Answer Correct Answer: B) 14. 21. The term is not related to banking A) Cheque. B) Bank Draft. C) Cashier's check. D) None of these. Show Answer Correct Answer: D) None of these. 22. Which organization provides guarantee to the exporters? A) Registrar of companies. B) Reserve Bank of India. C) Export Credit Guarantee Corporation. D) Exim Bank. Show Answer Correct Answer: C) Export Credit Guarantee Corporation. 23. What method is used by the Bank to read code on cheque A) OCR. B) OMR. C) MICR. D) None of these. Show Answer Correct Answer: C) MICR. 24. The Bank should comply and intimate the compliance of Award to Ombudsman? A) Within one year. B) Within Two Months. C) Within one month. D) Within six Months. Show Answer Correct Answer: C) Within one month. 25. On 1st March, 1992, Reserve Bank of India announced a new system of exchange rates known as..... A) Partial Convertibility. B) Liberalized Exchange rate system. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 26. When Canara Hindu Permanent Fund rechristened to Canara Bank? A) 1912. B) 1910. C) 1914. D) 1916. Show Answer Correct Answer: B) 1910. 27. In India, Fixed Fiduciary System of note issue was in force from..... A) 1947 to 1954. B) 1920 to 1947. C) 1890 to 1950. D) 1816 to 1920. Show Answer Correct Answer: D) 1816 to 1920. 28. The RBI stipulates a healthy mix of CASA in the business figures of banks. What does it denote? A) Credit and Savings Aggregate. B) Current Account and Savings Account. C) Cost Appreciation and Selling Analysis. D) Customer Analysis and Savings Pattern. Show Answer Correct Answer: B) Current Account and Savings Account. 29. Simply click a card launched by SBI special for ..... A) Pay Utility Bills. B) Cash Transfer. C) For Home Loans. D) Online Shopping. Show Answer Correct Answer: D) Online Shopping. 30. Expand IFSC ..... A) Indian Financial Services Code. B) International Financial Service Code. C) Indian Financial System Code. D) Interbank Fund Service Code. Show Answer Correct Answer: C) Indian Financial System Code. 31. Government increased the maturity period on G-Sec bonds to A) 10 years. B) 30 years. C) 20 years. D) 40 years. Show Answer Correct Answer: D) 40 years. 32. What will bank customers pay for using safe deposit locker facilities? A) Rent on locker. B) Commission on locker. C) Exchange on locker. D) Safe custody charges. Show Answer Correct Answer: A) Rent on locker. 33. Whose signature is there on one Rupee note? A) Finance Minister. B) Governor, RBI. C) Governor, SBI. D) Finance Secretary. Show Answer Correct Answer: D) Finance Secretary. 34. 'Imperial Bank of India' was the old name of A) Bank of Baroda. B) Allahabad Bank. C) State Bank of India. D) Reserve Bank of India. Show Answer Correct Answer: C) State Bank of India. 35. Which of the following is not a function of commercial bank? A) Providing project finance. B) Settlement of payments on behalf of the customers. C) Selling mutual funds. D) Deciding policy rates like CRR, Repo rates/SLR etc. Show Answer Correct Answer: B) Settlement of payments on behalf of the customers. 36. Fixed deposits cannot be A) Transferred to third parties. B) Pre-paid before the maturity date. C) Renewed for a further period on maturity date. D) None of these. Show Answer Correct Answer: A) Transferred to third parties. 37. With whom does the ownership of Public sector banks rest? A) Wholly with Government of India. B) Jointly with Government of India and State Bank of India. C) Jointly with Government of India and Reserve Bank of India. D) Jointly with Government of India and share-holders from the public. Show Answer Correct Answer: D) Jointly with Government of India and share-holders from the public. 38. Which is the largest foreign bank in India? A) HSBC Ltd. B) DBS Bank Ltd. C) Standard Chartered Bank. D) American Express Bank Ltd. Show Answer Correct Answer: C) Standard Chartered Bank. 39. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish? A) June 29, 2007. B) April 5, 2006. C) September 30, 2005. D) May 26, 2006. Show Answer Correct Answer: D) May 26, 2006. 40. Know Your Customer (KYC) guidelines expect banks to? A) Know the family details of the customer. B) Know the educational details of the customer. C) Know the locational details of the customer. D) Know the financial details of the customer. Show Answer Correct Answer: D) Know the financial details of the customer. 41. What are NEFT and RTGS about? A) Cheque truncation process. B) Various deposit products. C) Electronic payment products within a bank. D) Electronic fund transfer from bank to bank. Show Answer Correct Answer: D) Electronic fund transfer from bank to bank. 42. In which year "Union Bank of India" was formed? A) 11 November 1915. B) 11 November 1907. C) 11 November 1919. D) 11 November 1912. Show Answer Correct Answer: C) 11 November 1919. 43. In which year "Reserve Bank of India" was formed? A) 1931. B) 1934. C) 1933. D) 1932. Show Answer Correct Answer: B) 1934. 44. The main function of an Asset Management Company is to A) Manage the funds by makinginvestments in various typesof securities. B) Act on behalf of SEBI. C) Hold its property for the benefitof the unit holders. D) Hold the securities of variousschemes. Show Answer Correct Answer: A) Manage the funds by makinginvestments in various typesof securities. 45. In which year "Yes Bank" was formed? A) 2002. B) 2001. C) 2003. D) 2004. Show Answer Correct Answer: C) 2003. 46. In which year "UCO Bank" was formed? A) 1943. B) 1942. C) 1944. D) 1941. Show Answer Correct Answer: A) 1943. 47. Which among the following are the correct locations of three presidency banks during British India? A) Surat, Madras, Bombay. B) Surat, Calcutta, Madras. C) Calcutta, Madras, Bombay. D) Bombay, Surat, Calcutta. Show Answer Correct Answer: C) Calcutta, Madras, Bombay. 48. The Negotiable instrument is ..... A) Cheque. B) Demand Draft. C) Bill of Exchange. D) All of the above. Show Answer Correct Answer: D) All of the above. 49. Payment of a coupon cannot be done upon a income opposite of bank if a coupon is A) Cross. B) Order. C) Bearer. D) All of these. Show Answer Correct Answer: A) Cross. 50. Functions of Banks are governed by? A) Indian Contract Act. B) FEMA. C) Traditions in India. D) Banking Regulation Act. Show Answer Correct Answer: D) Banking Regulation Act. 51. Which one of the following is the Federal regulatory agency that charters and supervises Federal credit unions? A) NCUA. B) CAG. C) AIRCSC. D) ARC. Show Answer Correct Answer: A) NCUA. 52. Which is known as the arrangement when more than one banks allow credit facilities to one party in cordination with each other? A) Consortium. B) Moratorium. C) Subvention. D) Amortization. Show Answer Correct Answer: A) Consortium. 53. The interest on recurring deposit is paid on the basis of A) Quarterly compounding. B) Simple interest on monthly product basis. C) Simple interest calculated monthly basis. D) Interest calculated on daily product basis. Show Answer Correct Answer: A) Quarterly compounding. 54. What is nomination? A) It is a process of appointing legal heir by the depositors. B) A facility given to depositors by the Government. C) It confers a right to the nominee to receive payment of a deposit after death of depositors. D) It is a part of will on behalf of a depositor. Show Answer Correct Answer: C) It confers a right to the nominee to receive payment of a deposit after death of depositors. 55. The basic functions of the bank are? A) Lending or investing the funds so collected from the customers. B) Acceptance of Deposits from the public. C) Both (a) and (b). D) Lending to customers. Show Answer Correct Answer: C) Both (a) and (b). 56. Public Sector Banks include? A) 20 Nationalized Banks + 6 Private Banks. B) 14 Nationalized Banks + 6 SBI Associates + 7 Private Banks. C) 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI. D) 19 Nationalized Banks + State Bank of India + 6 SBI Associates. Show Answer Correct Answer: C) 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI. 57. The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the A) SIDBI. B) NABARD. C) EXIM bank. D) SBI. Show Answer Correct Answer: A) SIDBI. 58. Land Development Banks form a part of the? A) Commercial Banks. B) Cooperative Credit Structure. C) Food Corporation of India. D) Industrial Development Bank of India. Show Answer Correct Answer: B) Cooperative Credit Structure. 59. What matters most during a run on the bank, is .....? A) The solvency of the bank. B) The liquidity of the bank. C) The number of depositors. D) Safety of bank. Show Answer Correct Answer: B) The liquidity of the bank. 60. On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India? A) Banking Regulation Act Section 5(b). B) Banking Regulation Act Section 17. C) RBI Act Section 2(2). D) Negotiable Instruments Act Section 1. Show Answer Correct Answer: A) Banking Regulation Act Section 5(b). ← 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 7Banking Awareness And Sebi Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books