This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is/are the potential impact(s) of sale of Government securities by the Reserve Bank of India?Increase in liquidity in the market.Increase in interest rates.Select the correct answer using the code given below: A) 1 ONLY. B) 2 ONLY. C) BOTH 1 & 2. D) NEITHER 1 NOR 2 . Show Answer Correct Answer: B) 2 ONLY. 2. Stock Exchanges play, role in an economy which may be termed as [UBI PO 2010] A) Useful but need strict regulation. B) Harmful to proper capital markets. C) A gambling-where many investors get ruined. D) A very important segment to regulate inflation. Show Answer Correct Answer: A) Useful but need strict regulation. 3. To regulate scam in Indian capital market, which of the following body has regulatory power: A) SEBI. B) RBI. C) SBI. D) None of these. Show Answer Correct Answer: A) SEBI. 4. In India which of the following organizations takes care of the agriculture and rural development credit needs? A) IDBI. B) NABARD. C) ICAR. D) FCI. Show Answer Correct Answer: B) NABARD. 5. During the pre-independence period, which bank was the central bank of India? A) State Bank of India. B) Reserve Bank of India. C) Bank of Bombay. D) Bank of Hindustan. Show Answer Correct Answer: B) Reserve Bank of India. 6. Recurring Deposite Account is also known as ..... amount A) Fixed Deposit. B) Saving Deposit. C) Current. D) Cumulative Deposit. Show Answer Correct Answer: D) Cumulative Deposit. 7. Which of the following is not true about the Reserve Bank of India? A) It regulates the currency and credit system of India. B) It maintains the exchange value of the rupee. C) Foreign exchange reserves are kept by RBI. D) One rupee notes and coins are issued by RBI. Show Answer Correct Answer: D) One rupee notes and coins are issued by RBI. 8. Central record keeping agency (CRA) for the new Pension system is: A) NSDL. B) CSDL. C) PFRDA. D) IRDA. Show Answer Correct Answer: A) NSDL. 9. The National Housing Bank was set up in India as a wholly-owned subsidiary of which one of the following? [IAS 2007] A) State Bank of India. B) Reserve Bank of India. C) ICICI Bank. D) Life Insurance Corporation of India. Show Answer Correct Answer: B) Reserve Bank of India. 10. What does "KYC" stand for in the banking and financial sector? A) Know Your Currency. B) Know Your Customer. C) Keeping Your Cash. D) Know Your Credit. Show Answer Correct Answer: B) Know Your Customer. 11. For the following transaction from Delhi to Jaipur, fill in the blanks to find the amount of bill:-MRP = Rs 50, 000, Discount % = 20%, GST = 28%Discount =? Selling Price =?CGST =?SGST=?IGST=?Amount of Bill =? A) Discount = 12, 000Selling Price = 40, 000CGST = NASGST= NA IGST= 11, 200Amount of Bill = 51, 200. B) Discount =10, 000Selling Price =40, 000CGST = 5600SGST= 5600IGST= NAAmount of Bill = 50, 200. C) Discount =10, 000Selling Price =40, 000CGST = NASGST= NA IGST= 11, 200Amount of Bill = 50, 200. D) Discount =10, 000Selling Price =40, 000CGST = NASGST= NA IGST= 11, 200Amount of Bill = 51, 200. Show Answer Correct Answer: D) Discount =10, 000Selling Price =40, 000CGST = NASGST= NA IGST= 11, 200Amount of Bill = 51, 200. 12. The first Bank established in India was A) Punjab National Bank. B) Traders Bank. C) State Bank of India. D) Bank of Hindustan. Show Answer Correct Answer: D) Bank of Hindustan. 13. Debenture holders of a company are its: A) Shareholders. B) Creditors. C) Debtors. D) Directors. Show Answer Correct Answer: B) Creditors. 14. Which of the following is not a normal resident of a country? A) An Indian working in WHO situated in India. B) An American tourist in India. C) An Indian working in American Embassy. D) A branch of WHO in India. Show Answer Correct Answer: B) An American tourist in India. 15. What is the animal on the insignia of the RBI ? [CPO SI 2002] A) Lion. B) Tiger. C) Panther. D) Elephant. Show Answer Correct Answer: C) Panther. 16. Which of these is not a consumer goods? A) Use of bread by a household. B) Use of milk by a household. C) Use of sugar by a family. D) Use of seed by a farmer. Show Answer Correct Answer: D) Use of seed by a farmer. 17. When was SEBI constituted? (a) April, 1988 (b) March, 1982 (c) July, 1992 (d) Dec. 1974 A) April, 1988 (. B) March, 1982. C) July, 1992. D) Dec. 1974. Show Answer Correct Answer: C) July, 1992. 18. What is the primary function of a bank? A) Selling goods and services. B) Lending money. C) Manufacturing products. D) Providing healthcare services. Show Answer Correct Answer: B) Lending money. 19. Who among the following is not a present Executive Director of our bank? A) Shri Nitesh Ranjan. B) Shri Nidhu Saxena. C) Shri Rajneesh Karnataka. D) Shri Ramasubramanian S. Show Answer Correct Answer: C) Shri Rajneesh Karnataka. 20. Credit can be created by A) RBI. B) Foreign Banks. C) Commercial Banks. D) Private Banks. Show Answer Correct Answer: C) Commercial Banks. ← 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 8Indian Banking System And Capital Market Quiz 9Indian Banking System And Capital Market Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books