This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which year was the major nationalization of banks in India carried out? A) 1947. B) 1951. C) 1969. D) 1991. Show Answer Correct Answer: C) 1969. 2. Which fund transfer system is known for its batch processing and is commonly used for salaries, dividends, and bulk transactions? A) NEFT. B) RTGS. C) ECS. D) IMPS. Show Answer Correct Answer: A) NEFT. 3. Which of the following is called a 'banker's cheque' ? [CDS 2002] A) Demand draft. B) Debit card. C) Pay order. D) Fixed deposit. Show Answer Correct Answer: A) Demand draft. 4. Which among the following steps is most likely to be taken at the time of an economic recession? A) Cut in tax rates accompanied by increase in interest rate. B) Increase in expenditure on public projects. C) Increase in tax rates accompanied by reduction of interest rate. D) Reduction of expenditure on public projects. Show Answer Correct Answer: B) Increase in expenditure on public projects. 5. Chairman of SEBI is appointed for a period of A) Maximum 3 years. B) Maximum 6 years. C) Maximum five years. D) Tenure not fixed. Show Answer Correct Answer: D) Tenure not fixed. 6. MICR is a ..... digit code. A) 18. B) 9. C) 15. D) 11. Show Answer Correct Answer: B) 9. 7. Which of the following is a final expenditure? A) Computer purchased by a school. B) Scooter purchased by a dealer. C) Vegetable purchased by a restaurant. D) Milk purchased by a tea-maker. Show Answer Correct Answer: A) Computer purchased by a school. 8. What is the difference between Debentures and Equity? A) Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding. B) An equity shareholder cannot withdraw his amount whereas debentures can be withdrawn by taking back the amount. C) Equity shareholding is more risky, compared to debentures which are bound to return good interest on the principal. D) Both debenture and equity holders have the right of voting irrespective of the proportion of holdings but debentures are of lower value than equity. Show Answer Correct Answer: A) Debentures are sealed bonds acknowledging that money has been borrowed; equity is a shareholder's share voting rights in proportion to his shareholding. 9. 'Sub Prime Lending' is a term applied to the loans made to ... [Punjab & 5indh Bank 2011] A) Those borrowers who do not have a good credit history. B) Those who wish to take loan against the mortgage of tangible assets. C) Those who have a good credit history and are known to bank since 10 years. D) Those borrowers who are most preferred customers of the Bank. Show Answer Correct Answer: A) Those borrowers who do not have a good credit history. 10. What is the Electronic Clearing System (ECS) primarily used for in the banking sector? A) Managing physical branch operations. B) Automating electronic fund transfers. C) Managing ATM withdrawals. D) Handling customer inquiries. Show Answer Correct Answer: B) Automating electronic fund transfers. 11. Which system is not 24*7 A) NEFT. B) RTGS. C) CTS. D) NACH. Show Answer Correct Answer: C) CTS. 12. NEFT system is managed by? A) RBI. B) NPCI. C) IDRBT. D) ReBIT. Show Answer Correct Answer: A) RBI. 13. What is the missed call number for Balance Inquiry in Union Bank? A) 9619333333. B) 9666606060. C) 9223008586. D) 9223008486. Show Answer Correct Answer: C) 9223008586. 14. Find odd one:Authorization criteria of merchant bankers A) Professional competence. B) All business performed. C) Capital adequacy. D) None of above. Show Answer Correct Answer: B) All business performed. 15. Which of the following is not a feature of Bharat Bill Payment System (BBPS) A) Multiple payment modes. B) Instant confirmation. C) Bill aggregation. D) Loan disbursement. Show Answer Correct Answer: D) Loan disbursement. 16. What is the minimum amount that can be transferred through RTGS in India? A) ₹ 5, 00, 000. B) ₹ 2, 00, 000. C) ₹ 1, 00, 000. D) ₹ 10, 00, 000. Show Answer Correct Answer: B) ₹ 2, 00, 000. 17. NABARD was established in A) 1980. B) 1982. C) 1985. D) 1987. Show Answer Correct Answer: B) 1982. 18. The maturity value of a recurring deposite account is Rs. 11, 364 in 4 years. In the monthly deposite is Rs. 200 then the rate of interest is A) 9%. B) 7%. C) 8%. D) 10%. Show Answer Correct Answer: A) 9%. 19. Reserve Bank of India was nationalised in A) 1949. B) 1935. C) 1969. D) 1946. Show Answer Correct Answer: A) 1949. 20. Co-operative movement in India is a ..... tier structure A) 1. B) 2. C) 3. D) 4. Show Answer Correct Answer: C) 3. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndian Banking System And Capital Market Quiz 1Indian 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