This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Sangita deposited Rs. 80 per month in a cumulative deposite account for six yerars at the rato of 6% per annum, then the account she gets on maturity is A) 1200. B) 6811.20. C) 6810.22. D) 5811.20. Show Answer Correct Answer: B) 6811.20. 2. State whether the statement will be included in estimating the Domestic Income:-Salaries to Indians working in Japanese Embassy in India. A) Yes. B) No. C) None of the above. D) Only (a). Show Answer Correct Answer: B) No. 3. Full form of FERA A) Foreign Exchange Regulation Act. B) Foreign Exchange Regulation Agency. C) Foreign Exchange Repulsive Agent. D) Foreign Expert Regulation Act. Show Answer Correct Answer: A) Foreign Exchange Regulation Act. 4. Private Sector Mutual Funds in India were permitted in [UP PCS 2011] A) 1964. B) 1993. C) 1994. D) 2001. Show Answer Correct Answer: B) 1993. 5. In order to be scheduled to the Reserve Bank of India, a bank should have capital and reserve of not less than: A) 1 lakh. B) 5 lakhs. C) 10 lakhs. D) 50 Iakhs. Show Answer Correct Answer: B) 5 lakhs. 6. Union Bank ATM at highest altitude is situated at A) Ladakh. B) Nathula. C) Leh. D) Dharamshala. Show Answer Correct Answer: B) Nathula. 7. Bank is a ..... organisation which accepts deposits that can be withdrawn on demand. A) Lawful. B) Illegal. C) Approved. D) Insolvent. Show Answer Correct Answer: A) Lawful. 8. The tax which is imposed on the profit of corporate is known as: A) Income Tax. B) Corporate Tax. C) Sales Tax. D) Excise duty. Show Answer Correct Answer: B) Corporate Tax. 9. As per the reports published- in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector? [Punjab & Sindh Bank 2011] A) Credit cards. B) Loan against gold from financial institute. C) Debit cards. D) Money lender. Show Answer Correct Answer: D) Money lender. 10. The first three digits of MICR code represents? A) Pin Code. B) Bank Code. C) Branch Code. D) None of the above. Show Answer Correct Answer: A) Pin Code. 11. What are gilt-edged securities? A) Securities issued by the multinationals. B) Securities issued by the government. C) Securities issued by the private sectors. D) Securities issued by the joint venture companies. Show Answer Correct Answer: B) Securities issued by the government. 12. Which banks do not accept deposits? A) Commercial banks. B) Investment banks. C) Retail banks. D) None of the above. Show Answer Correct Answer: B) Investment banks. 13. RBI Act was passed in ..... A) 1933. B) 1935. C) 1956. D) 1934. Show Answer Correct Answer: D) 1934. 14. All of the following are subsidiaries of the State Bank of India, except: A) State Bank of Bikaner and Jaipur. B) Central Bank of India. C) State Bank of Hyderabad. D) State Bank of Patiala. Show Answer Correct Answer: B) Central Bank of India. 15. How many key elements are there in KYC policy? A) 4. B) 5. C) 6. D) 3. Show Answer Correct Answer: A) 4. 16. Which of the following is not an affiliate of the Reserve Bank of India? A) Unit Trust of India. B) The Industrial Development Bank of India. C) Agricultural Refinance Corporation. D) Deposit Insurance Corporation. Show Answer Correct Answer: A) Unit Trust of India. 17. Electronic vehicles now come under priority lending sector A) True. B) False. C) May be. D) None of above. Show Answer Correct Answer: A) True. 18. Income earned through entrepreneurship is called: A) Profit. B) Loss. C) Operating Surplus. D) Royalty. Show Answer Correct Answer: A) Profit. 19. When was SEBI constituted? A) April 1988. B) March 1982. C) July 1992. D) March 1974. Show Answer Correct Answer: A) April 1988. 20. Which of the following item is not a component of profit? A) Dividend. B) Corporate Savings. C) Corporation Tax. D) Rent. Show Answer Correct Answer: D) Rent. Next →Related QuizzesIndian Economy QuizzesIndian Banking System And Capital Market Quiz 2Indian Banking System And Capital Market Quiz 3Indian Banking System And Capital Market Quiz 4Indian Banking System And Capital Market Quiz 5Indian Banking System And Capital Market Quiz 6Indian Banking System And Capital Market Quiz 7Indian Banking System And Capital Market Quiz 8Indian Banking System And Capital Market Quiz 9Indian Banking System And Capital Market Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books