This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Banking > Banking Awareness And Sebi – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 9 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the full form of CVV? A) Call Verification Value. B) Card Verification Value. C) Credit Verification Value. D) None of these. Show Answer Correct Answer: B) Card Verification Value. 2. Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued by A) World Bank. B) WTO. C) ADB. D) IMF. Show Answer Correct Answer: D) IMF. 3. Legal amount in a cheque stands for A) Amount in words in figures, whichever is higher. B) Amount written as not over. C) Amount in words. D) Amount in figures. Show Answer Correct Answer: C) Amount in words. 4. Which bank launched smart star account? A) HDFC Bank. B) ICICI Bank. C) IDBI Bank. D) HSBC. Show Answer Correct Answer: B) ICICI Bank. 5. Time deposits means .....? A) Time deposits include overdue fixed deposits. B) The deposits which are lent to bank for a fixed period. C) Time deposits do not include recurring deposits as well. D) Time deposits do not include deposits under Home Loan Account Scheme. Show Answer Correct Answer: B) The deposits which are lent to bank for a fixed period. 6. When Repo rate is reduced by RBI, it leads to A) Increase in cost of borrowing by banks from RBI. B) Reduction in cost of borrowing by banks from RBI. C) Reduction of cost to borrowers on loans from banks. D) Increase in cost of loans to borrowers from banks. Show Answer Correct Answer: B) Reduction in cost of borrowing by banks from RBI. 7. In which year "Jammu & Kashmir Bank" was formed? A) 1922. B) 1933. C) 1938. D) 1926. Show Answer Correct Answer: C) 1938. 8. The Royal Commission on Indian Currency and Finance was also known as ..... A) Muddiman Committee. B) Hartog Commission. C) Buttler Commission. D) Hilton-Young Commission. Show Answer Correct Answer: D) Hilton-Young Commission. 9. To promote the concept of charity towards the poor and the needy, the Indian government has been regularly encouraging people to donate and this donation can also be claimed as a deduction under..... A) Section 80. B) Section 80F. C) Section 80E. D) Section 80G. Show Answer Correct Answer: D) Section 80G. 10. The Bankers'Books Evidence Act..... A) 1881. B) 1901. C) 1871. D) 1891. Show Answer Correct Answer: D) 1891. 11. Which bank was united with the Punjab National Bank in 1993? A) New Bank of India. B) Imperial Bank of India. C) Oudh Commercial Bank. D) Punjab and Sind Bank. Show Answer Correct Answer: A) New Bank of India. 12. Which among the following bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country? A) ICICI Bank. B) SBI Bank. C) Axis Bank. D) HDFC Bank. Show Answer Correct Answer: A) ICICI Bank. 13. Demand draft is a A) Not transferable instrument. B) Quasi-negotiable instrument. C) Negotiable instrument. D) Not negotiable instrument. Show Answer Correct Answer: C) Negotiable instrument. 14. Which of the following is a reason for inflation? A) Deficit financing. B) Structural deficiencies. C) Growth in per capita income. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following is not a banking term? A) MIBOR. B) Letter of credit. C) Factoring services. D) Entry load. Show Answer Correct Answer: D) Entry load. 16. Research Institutions set up by Reserve Bank of India are A) NIBM (National Institute of Bank Management), Pune. B) IGIDR(Indira Gandhi Institute of Development Research), Mumbai. C) IDRBT (Institute for Development and Research in Ban- king Technology), Hyderabad. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. When the bank lends money to the customer, the relationship, of the customer and banker is..... A) Principle - Agent. B) Creditor and Debtor. C) Debtor and Creditor. D) All of these. Show Answer Correct Answer: C) Debtor and Creditor. 18. According to CSO's estimates at what percent Indian economy is likely to grow during fiscal 2014-15? A) 7.2 %. B) 7.6 %. C) 7.4 %. D) 7.8 %. Show Answer Correct Answer: C) 7.4 %. 19. Which one of the following belongs to Bank Capitalization? A) Basel III norms. B) Solvency II norms. C) Basel II norms. D) Basel I norms. Show Answer Correct Answer: A) Basel III norms. 20. In which year "Dena Bank" was formed? A) 26th May 1940. B) 26th May 1942. C) 26th May 1938. D) 26th May 1936. Show Answer Correct Answer: C) 26th May 1938. 21. The banker has a lien on .....? A) Bonds given for safe custody. B) Bonds given for collection. C) Both (a) and (b). D) Bonds left by mistake. Show Answer Correct Answer: B) Bonds given for collection. 22. Which became the first bank globally to launch m-Visa. A service in which a person can transit cardless A) ICICI. B) IOB. C) HDFC. D) SBI. Show Answer Correct Answer: A) ICICI. 23. A loan bearing low rate of interest is known as .....? A) Soft loan. B) Capital Loan. C) Hard loan. D) Real Loan. Show Answer Correct Answer: A) Soft loan. 24. An adjustable-rate mortgage loan in which the borrower pays a very low initial interest rate, which increases after a few years is referred to as A) Promo Loan. B) Early Bird Loan. C) Teaser Loan. D) Soft Loan. Show Answer Correct Answer: C) Teaser Loan. 25. When did the banking crisis of 1913-1917 end? A) 1949. B) 1959. C) 1979. D) 1969. Show Answer Correct Answer: A) 1949. 26. Societies Registration Act..... A) 1905. B) 1942. C) 1860. D) 1890. Show Answer Correct Answer: C) 1860. 27. What is the minimum amount to be invested under Sukanya Samriddhi Scheme? A) No ceiling. B) Rs. 1500. C) Rs. 1000. D) Rs. 500. Show Answer Correct Answer: C) Rs. 1000. 28. Who issues 'Commercial Papers'? A) Banks to Companies. B) Banks to Banks. C) Company to its suppliers. D) A Company to a Bank. Show Answer Correct Answer: B) Banks to Banks. 29. The software that is used for a centralised environment in banking operations is called A) Central branch solutions. B) Core banking situations. C) Centralized banking solutions. D) Centralized business solutions. Show Answer Correct Answer: C) Centralized banking solutions. 30. Which of the following banks is limited to the needs of agriculture and rural finance? A) SBI. B) IFC. C) NABARD. D) RBI. Show Answer Correct Answer: C) NABARD. 31. Where is National Institute of Bank Management (NIBM) located? A) Pune. B) New Delhi. C) Mumbai. D) Nasik. Show Answer Correct Answer: A) Pune. 32. What is the maximum denomination of currency note that can be issued by RBI? A) Rs. 10,000. B) Rs. 1,000. C) Rs. 50,000. D) Rs. 5,000. Show Answer Correct Answer: A) Rs. 10,000. 33. USSD stands for? A) Unstructured Supplementary Service Data. B) Unstructured Supplementary Stolen Data. C) Universal Supplementary Service Data. D) Unstructured Standard Service Data. Show Answer Correct Answer: A) Unstructured Supplementary Service Data. 34. Volume and value of banknotes to be printed each year is determined by A) GDP growth. B) Inflation rate. C) Reserve Stock requirements. D) All of the above. Show Answer Correct Answer: D) All of the above. 35. Small Industries Development Bank of India (SIDBI) provides refinance facilities under ARS. What is the full form of ARS? A) Automatic Refinance Solution. B) Automatic Refinance Scheme. C) Allocation and Refinance Scheme. D) Allocation and Refinance Solutions. Show Answer Correct Answer: B) Automatic Refinance Scheme. 36. PJ Naik committee is related to A) Licensing to private bank. B) Refinancing weak banks. C) Governance of bank boards. D) Privatization of nationalized banks. Show Answer Correct Answer: C) Governance of bank boards. 37. Infusion of liquidity, by RBI, is done through ..... from / to banks under a ..... transaction. A) Lending, reverse repo. B) Lending, repo. C) Borrowing, reverse repo. D) Borrowing, repo. Show Answer Correct Answer: B) Lending, repo. 38. Nomination was introduced in banks by amendment in which of the following act. A) Companies Act. B) RBI Act. C) Banking Regulation Act. D) Negotiable Instruments Act. Show Answer Correct Answer: C) Banking Regulation Act. 39. In which year "HDFC Bank" was formed? A) August 1992. B) August 1988. C) August 1990. D) August 1994. Show Answer Correct Answer: D) August 1994. 40. In which year "City Union Bank" was formed? A) 1901. B) 1903. C) 1902. D) 1904. Show Answer Correct Answer: D) 1904. 41. When the loan is guaranteed for purchase of white goods it is called.....? A) Consumer durable loan. B) Business loan. C) Consumption loan. D) White goods loan. Show Answer Correct Answer: A) Consumer durable loan. 42. Flexi deposits means? A) Call Deposit. B) Fixed deposits. C) Hybrid deposits. D) Floating Rate of Interest deposits. Show Answer Correct Answer: C) Hybrid deposits. 43. What is the maximum monthly pension for the subscribers under Atal Pension Yojana? A) Rs 4000. B) Rs 3000. C) Rs 5000. D) Rs 2000. Show Answer Correct Answer: C) Rs 5000. 44. Which among the following is an unsecured promissory notes? A) Loan. B) Commercial papers. C) Certificate of deposits. D) None of the above. Show Answer Correct Answer: B) Commercial papers. 45. In which year "Federal Bank Limited" was formed? A) 1947. B) 1945. C) 1949. D) 1951. Show Answer Correct Answer: B) 1945. 46. Financial institution that does not supervised by a national or international banking regulatory agency? A) NBFI. B) ICICI. C) Reserve Bank of India. D) IDBI. Show Answer Correct Answer: A) NBFI. 47. Crossing on a cheque can be cancelled by the ..... of the cheque, under his full signature. A) Drawer. B) Drawee. C) Payee. D) Holder. Show Answer Correct Answer: A) Drawer. 48. What is the full form of 'FINO', a term we see frequently in financial newspapers? A) Farmers Inclusion News and Operations. B) Financial Inclusion Network and Operations. C) Farmer's Investment in National Organization. D) Financial Investment Network and Operations. Show Answer Correct Answer: D) Financial Investment Network and Operations. 49. Which is the first bank to introduce Internet banking? A) Canara Bank. B) ICICI Bank. C) Punjab National Bank. D) State Bank of India. Show Answer Correct Answer: B) ICICI Bank. 50. Which one of the following provides banking services to all villages having a population upto 2000? A) Plan for Financial Inclusion Technology. B) Plan for Financial Exclusion. C) Plan for Financial Inclusion. D) None of the above. Show Answer Correct Answer: A) Plan for Financial Inclusion Technology. 51. Which of the following is not a characteristic of a Soiled Note? A) Notes in more than two pieces. B) Slightly cut. C) Became dirty. D) Notes in two pieces, but the cut is not passed through the number panels. Show Answer Correct Answer: A) Notes in more than two pieces. 52. Chairman of Banks are decided by A) Commerce Ministry. B) Corporate Ministry. C) Finance Ministry. D) RBI. Show Answer Correct Answer: C) Finance Ministry. 53. A cheque bearing the date earlier than the date of submission to the banks is known as..... A) Bearer Cheque. B) Crossed Cheque. C) State Cheque. D) Post Dated Cheque. Show Answer Correct Answer: D) Post Dated Cheque. 54. Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug'15? A) BankNiti. B) Seven Plan. C) Indradhanush. D) Maulik Niti. Show Answer Correct Answer: C) Indradhanush. 55. Which one of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds? A) Bank Rate. B) Repo Rate. C) Benchmark Prime Lending Rate. D) Annual Percentage Rate. Show Answer Correct Answer: B) Repo Rate. 56. As per KYC Policy, the list of terrorist organizations is supplied to the Banks by the A) IBA. B) Government of India. C) CIBIL. D) RBI. Show Answer Correct Answer: D) RBI. 57. Which of the following is known as cross selling by Banks? A) Sale of Insurance policy to a depositor. B) Sale of a debit card to a credit card holder. C) Issuance of Cash against Cheque presented by a third party. D) None of these. Show Answer Correct Answer: A) Sale of Insurance policy to a depositor. 58. Which public sector bank of India is the first fully Indian bank, established by the Indian capital? A) Central Bank of India. B) Punjab National Bank. C) State Bank of India. D) Bank of Baroda. Show Answer Correct Answer: B) Punjab National Bank. 59. Which is the instrument used by RBI under general credit control? A) Bank Rate. B) CRR. C) Exchange Control. D) SLR. Show Answer Correct Answer: A) Bank Rate. 60. Which one of the following depicts the financial position of a bank or business enterprise at a given point of time? A) Model audit. B) Balance sheet. C) Cash flow statement. D) Income statement. Show Answer Correct Answer: B) Balance sheet. ← 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 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books