This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. UPI system is managed by? A) RBI. B) NPCI. C) IDRBT. D) CCIL. Show Answer Correct Answer: B) NPCI. 2. Which of the following organisations in India is mainly' working to meet the credit needs of all types of agricultural and rural development activities? A) FCI. B) IDBI. C) NABARD. D) ICAR. Show Answer Correct Answer: C) NABARD. 3. Which menu is used to collect the penalty in Locker? A) LKCM. B) LKRCM. C) LKKM. D) LKPM. Show Answer Correct Answer: B) LKRCM. 4. What does MICR stand for in the context of a cheque? A) Magnetic Ink Character Recognition. B) Money Issuance Control Record. C) Magnetic Ink Code Reader. D) Monetary Information Control Register. Show Answer Correct Answer: A) Magnetic Ink Character Recognition. 5. First phase of CBDC retail pilot covered which cities? A) Delhi, Mumbai, Bengaluru and Bhubaneswar. B) Bhubaneswar, Kolkata, Bengaluru and Mumbai. C) Chennai, Mumbai, Bengaluru and Bhubaneswar. D) Delhi, Mumbai, Kolkata and Bhubaneswar. Show Answer Correct Answer: A) Delhi, Mumbai, Bengaluru and Bhubaneswar. 6. When a bank accept deposits, it becomes ..... A) Creditor. B) Debtor. C) Beneficiary. D) Principal. Show Answer Correct Answer: B) Debtor. 7. Consider the following statements regarding the National Payments Corporation of India (NPCI):It is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA).RuPay card payment scheme was launched by the NPCI.Which of the statements given above is/are correct? A) 1 ONLY. B) 2 ONLY. C) BOTH 1 & 2. D) NEITHER 1 NOR 2 . Show Answer Correct Answer: C) BOTH 1 & 2. 8. What is the role of 'Over-the Counter Exchange' (OTC)? A) Help in the introduction of multi-tiered markets and import liquidity to them. B) Help to overcome the balance of payment crisis. C) To arrange funds from different foreign banks of developing/ under developing countries. D) All of the above. Show Answer Correct Answer: A) Help in the introduction of multi-tiered markets and import liquidity to them. 9. Formula for calculating interest in recurring deposite account is A) $\frac{P\times n\times r}{100\times2}$. B) $\frac{P\times n\left(n+1\right)\times r}{100\times2\times12}$. C) $\frac{P\times n\left(n+1\right)\times r}{100\times2}$. D) $\frac{P\times n\times t}{100\times2}$. Show Answer Correct Answer: B) $\frac{P\times n\left(n+1\right)\times r}{100\times2\times12}$. 10. On hiring out of locker, the relationship between banker and customer is that of ..... A) Lessor and Lessee. B) Agent and Principal. C) Trustee and Beneficiary. D) Debtor and Creditor. Show Answer Correct Answer: A) Lessor and Lessee. 11. For regulation of the Insurance Trade in the country the Government has formed: [UP PCS 2002] A) SEBI. B) Reserve Bank of India. C) Insurance Regulatory and Development Authority. D) General Insurance Corporation. Show Answer Correct Answer: C) Insurance Regulatory and Development Authority. 12. The person who draws the cheque is called as a ..... A) Drawer. B) Drawee. C) Payee. D) Banker. Show Answer Correct Answer: A) Drawer. 13. ..... is the prescribed standard by the RBI for cheques issued by all Indian banks to facilitate faster clearing. A) Crossed. B) Cancelled. C) CTS 2010. D) Ordered. Show Answer Correct Answer: C) CTS 2010. 14. Odd man out A) Trust and confidence. B) Contributes to economic growth. C) Credit management. D) Less revenue. Show Answer Correct Answer: D) Less revenue. 15. Which term best describes the process of accepting deposits and granting loans by banks? A) Trading. B) Banking. C) Barter. D) Finance. Show Answer Correct Answer: B) Banking. 16. The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called: [IAS 1998] A) SBRC (Statutory Bank Ratio). B) SLR (Statutory Liquid Ratio). C) CBR (Central Bank Reserve). D) CLR (Central Liquid Reserve). Show Answer Correct Answer: B) SLR (Statutory Liquid Ratio). 17. With reference to India, consider the following statements:1. Retail investors through Demat account can invest in Treasury Bills and Government of India Debt Bonds in the primary market 2. The "Negotiated Dealing System-Ordering Matching" is a government securities trading platform of the Reserve Bank of India. 3. The "Central Depository Services Ltd" is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange.Which of the statements given above is/are correct? A) 1 ONLY. B) 1 AND 2 ONLY. C) 3 ONLY. D) 2 AND 3 ONLY. Show Answer Correct Answer: B) 1 AND 2 ONLY. 18. The lowering of Bank Rate by the Reserve Bank of India leads to A) (a.) More liquidity in the market. B) (b.) Less liquidity in the market. C) (c.) No change in the liquidity in the market. D) (d.) Mobilization of more deposits by commercial banks. Show Answer Correct Answer: A) (a.) More liquidity in the market. 19. State whether the statement will be included in estimating Domestic Income:-Profit earned by a resident of India from his company in Singapore. A) Yes. B) No. C) Only (a). D) None of these. Show Answer Correct Answer: B) No. 20. Where is the Nodal Branch for CBDT Situated? A) Bardoli. B) Dhantoli. C) Mumbai. D) Bangalore. Show Answer Correct Answer: B) Dhantoli. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndian Banking System And Capital Market Quiz 1Indian 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books