This quiz works best with JavaScript enabled. Home > Indian Economy > Banking > Indian Banking System And Capital Market – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Banking System And Capital Market Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A merchant bank can help an organization specifically in promotion functions A) Sponsoring the issue. B) Marketing. C) All of the above. D) None of above. Show Answer Correct Answer: C) All of the above. 2. Merchant banks shall not associate with any business other than that of the securities market. A) True. B) False. Show Answer Correct Answer: A) True. 3. A ..... cheque can be encashed at the bank counter. A) Crossed. B) Post dated. C) Bearer. D) Stale. Show Answer Correct Answer: C) Bearer. 4. How many banks were nationalized during the 1969 nationalization of banks in India? A) 05. B) 10. C) 14. D) 19. Show Answer Correct Answer: C) 14. 5. The largest Public Sector Bank in India is: [CDS 1991] A) Central Bank. B) State Bank of India. C) Punjab National Bank. D) Indian Overseas Bank. Show Answer Correct Answer: B) State Bank of India. 6. Who was the founder of Union Bank? A) Dr. Bhogaraju Pattabhi Sitaramayya. B) Shri Khan Bahadur Haji Abdullah. C) MohanDas Karamchand Gandhi. D) Seth Seetharamji KisonDayal Poddar. Show Answer Correct Answer: D) Seth Seetharamji KisonDayal Poddar. 7. Which one of the following is likely to be one of the most inflationary in its effects? A) Repayment of public debt. B) Borrowing from the public to finance a budget deficit. C) Borrowing from the banks to finance a budget deficit. D) Creation of new money to finance a budget deficit. Show Answer Correct Answer: D) Creation of new money to finance a budget deficit. 8. Who is responsible for the collection and publication of monetary and financial information? A) Finance Commission. B) Finance Ministry. C) Reserve Bank of India. D) Auditor and Comptroller General of India. Show Answer Correct Answer: C) Reserve Bank of India. 9. Bank rate is the rate at which: A) A bank lends to the public. B) The Reserve Bank of India lends to the public. C) The Government of India lends to other countries. D) The Reserve Bank of India gives credit to commercial banks. Show Answer Correct Answer: D) The Reserve Bank of India gives credit to commercial banks. 10. Open Market Operations means: A) Sale of agricultural products in the government regulated Mandis. B) Sale and purchase of bonds and securities to the commercial banks by the RBI. C) Sale and purchase of bonds and securities by the RBI to the government. D) Sale and purchase of bonds and securities by the commercial banks to the customers. . Show Answer Correct Answer: B) Sale and purchase of bonds and securities to the commercial banks by the RBI. 11. The number of Banks nationalised since 1969 is : [PCS 1994] A) 8. B) 12. C) 14. D) 20. Show Answer Correct Answer: D) 20. 12. SGST is applicable when A) Goods are sold within a state. B) Goods are sold from one GST dealer to a customer. C) Goods are sold by a GST dealer to another GST dealer. D) Inter-state supply. Show Answer Correct Answer: A) Goods are sold within a state. 13. The primary relationship, which flows from the essential functions of a bank is of ..... A) Debtor and Creditor. B) Agent and Principal. C) Trustee and Beneficiary. D) Lessor and Lessee. Show Answer Correct Answer: A) Debtor and Creditor. 14. Which amidst the following rural banks has been named after a river? [NDA 2002] A) Prathama Bank. B) Varada Grameen Bank. C) Thar Anchalik Grameen Bank. D) Aravali Kshetriya Grameen Bank. Show Answer Correct Answer: B) Varada Grameen Bank. 15. What menu will be used for first level verification for a RTGS of 11 lakhs? A) HRTGS. B) HPORDM. C) HRTGSV. D) UPLRTGS. Show Answer Correct Answer: C) HRTGSV. 16. What is the maximum limit for a single NEFT transaction in India? A) ₹ 2, 00, 000. B) ₹ 5, 00, 000. C) ₹ 10, 00, 000. D) No Limit. Show Answer Correct Answer: D) No Limit. 17. 'Repo rate' is the rate at which: [CDS 2004] A) The Reserve Bank of India lends to State Government. B) The international aid agencies lend to Reserve Bank of India. C) The Reserve Bank of India lends to banks. D) The banks lend to Reserve Bank of India. Show Answer Correct Answer: D) The banks lend to Reserve Bank of India. 18. In India, the Central Bank's function as the "lender of last resort" usually refers to which of the following?1. Lending to trade and industry bodies when they fail to borrow from other sources 2. Providing liquidity to the banks having a temporary crisis 3. Lending to governments to finance budgetary deficitsSelect the correct answer using the code given below A) 1 and 2 only. B) 2 only. C) 2 and 3 only. D) 3 only. Show Answer Correct Answer: B) 2 only. 19. From the following mentioned places, which place is not having a Union Bank Call Centre? A) New Delhi. B) Mumbai. C) Bangalore. D) Hyderabad. Show Answer Correct Answer: A) New Delhi. 20. One of them is not the regulatory function of SEBI A) Regulating the business in stock exchange. B) Registration and regulating the working of Stock Brokers, Sub-Brokers, Merchant Bankers, Depository participants and other intermediaries. C) Regulation of Collective Investment Schemes. D) Conducting research and publishing market information which are useful to all market participants. Show Answer Correct Answer: D) Conducting research and publishing market information which are useful to all market participants. ← 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 9Indian Banking System And Capital Market Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books