This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Imperial Bank of India, after nationalisation was given the name of: A) Reserve Bank of India. B) Bank of India. C) State Bank of India. D) Indian Overseas Bank. Show Answer Correct Answer: C) State Bank of India. 2. Consider the following statementsOther things remaining unchanged, market demand for a good might increase if1. Price of its substitute increases 2. Price of its complement increases 3. The good is an inferior good and income of the consumers increases 4. Its price fallsWhich of the above statements are correct? A) 1 and 4 only. B) 2, 3 & 4. C) 1, 3 & 4. D) 1, 2 and 3. Show Answer Correct Answer: A) 1 and 4 only. 3. Which of the following statement is NOT correct about the SEBI A) At present it is a non statutory body. B) At present it is a statutory body. C) It got statutory powers by an ordinance in 1992. D) SEBI is managed by 6 members. Show Answer Correct Answer: A) At present it is a non statutory body. 4. The administrative head office of SEBI is at ..... A) New Delhi. B) Bombay. C) Kolkata. D) Chennai. Show Answer Correct Answer: B) Bombay. 5. The basic regulatory authority for mutual funds and stock markets lies with the: A) Government of India. B) Reserve Bank of India. C) Securities and Exchange Board of India. D) Stock Exchanges. Show Answer Correct Answer: C) Securities and Exchange Board of India. 6. The primary objective of Unit Trust of India is: A) To assist the industries in financial difficulties. B) To diffuse the benefit of development among the masses. C) To accumulate funds for public investment expenditure. D) To promote the investment habit among those who have not been able to diversify investment risk. Show Answer Correct Answer: D) To promote the investment habit among those who have not been able to diversify investment risk. 7. In India, the bank NABARD does not provide refinance to : [CDS 2002] A) Scheduled Commercial Banks. B) Regional Rural Banks. C) Export-Import Banks. D) State Land Development Banks. Show Answer Correct Answer: C) Export-Import Banks. 8. Bouncing of cheques has become an offence. What is the punishment for the same: A) 6 months imprisonment. B) 1year imprisonment. C) 2 years imprisonment. D) 3 years imprisonment. Show Answer Correct Answer: A) 6 months imprisonment. 9. Merchant bank is an organization that: ..... A) Underwrites securities for cooperat. B) Involved in owernship of commercial ventures. C) All of the above. D) None of above. Show Answer Correct Answer: C) All of the above. 10. Role of merchant banking is Innovation. A) False. B) True. Show Answer Correct Answer: B) True. 11. How many themes and Action points are there in EASE 5.0? A) 6, 22. B) 5, 22. C) 6, 21. D) 5, 21. Show Answer Correct Answer: B) 5, 22. 12. The system of value added taxation is applicable to: A) Excise duties. B) Income tax. C) Estate duty. D) Taxes on agricultural income. Show Answer Correct Answer: A) Excise duties. 13. Mr. Gupta opened a recurring deposite account in a bank. He deposited Rs. 2, 500 per month for two years. At the time of maturity he got Rs. 67, 500. Find:1. The total interest earned by Mr. Gupta2. The rate of interest per annum A) 1. Rs. 85002. 10%. B) 1. Rs. 85002. 12%. C) 1. Rs. 75002. 8%. D) 1. Rs. 75002. 12%. Show Answer Correct Answer: D) 1. Rs. 75002. 12%. 14. Which is the correct option for Number of Zonal & Regional Offices of Union Bank? A) 20, 120. B) 25, 125. C) 18, 134. D) 18, 120. Show Answer Correct Answer: C) 18, 134. 15. For the following transaction within Delhi, fill in the blanks to find the amount of bill:-MRP = Rs. 12, 000, Discount % = 30%, GST = 18%Amount on the Bill is A) 9900. B) 9912. C) 9910. D) 9914. Show Answer Correct Answer: B) 9912. 16. The present chairman of SEBI is ..... A) Ajay Tyagi. B) UK Sinha. C) CB Bhave. D) Vijay Khelkar. Show Answer Correct Answer: A) Ajay Tyagi. 17. Which one is not true about the benefits of the proposed digitization of Kisan Credit Cards? A) It will reduce costs for borrowers. B) It will make the lending more efficient. C) It will increase the Turn Around Time for loan disbursement. D) It will entail automation of various processes within banks. Show Answer Correct Answer: C) It will increase the Turn Around Time for loan disbursement. 18. Which of the following is not an asset held by commercial banks? A) Bills of exchange. B) Current account deposits. C) Credit balances with the Reserve Bank. D) Money lent at short notice. Show Answer Correct Answer: B) Current account deposits. 19. The main function of the Exim Bank is: A) To help RBI in the regulation of foreign exchange. B) To prevent unlicensed transaction. C) To promote exports and curtail imports. D) To conserve foreign exchange. Show Answer Correct Answer: C) To promote exports and curtail imports. 20. If the cash-reserve ratio is lowered by the Central bank, what will be its effect on credit creation? A) Decrease. B) Increase. C) No change. D) None of these. Show Answer Correct Answer: B) Increase. ← 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