This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which year "Tamilnad Mercantile Bank Limited" was formed? A) 11th May 1920. B) 11th May 1921. C) 11th May 1922. D) 11th May 1923. Show Answer Correct Answer: B) 11th May 1921. 2. In which type of banking, electronic financial transactions are done? A) E-Banking. B) M-Banking. C) Internet Banking. D) Universal Banking. Show Answer Correct Answer: A) E-Banking. 3. The Life Insurance Corporation Of India has how many Zonal offices in India? A) 7. B) 8. C) 9. D) 10. Show Answer Correct Answer: B) 8. 4. Negotiable Instruments Act..... A) 1881. B) 1882. C) 1883. D) 1884. Show Answer Correct Answer: A) 1881. 5. Savings account with zero balance can be opened for A) Women customers. B) Person of high net worth. C) Weaker sections of society. D) Employees of IT companies. Show Answer Correct Answer: C) Weaker sections of society. 6. Identify the odd one out from the following benefits of RTGS. A) Settlement is immediate. B) Lowers the settlement risk. C) Avoids credit risk while settlement. D) Suited for only lower value transactions. Show Answer Correct Answer: D) Suited for only lower value transactions. 7. What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time? A) Banks are asked to maintain CRR. B) Banks are asked to keep mandatory regulatory cash reserve with RBI. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 8. In which year "Bank of Baroda" was formed? A) 1901. B) 1907. C) 1908. D) 1913. Show Answer Correct Answer: C) 1908. 9. What is the full form of NAV? A) Net Asset Value. B) Net Actual Value. C) Net Annual Value. D) Net Average Value. Show Answer Correct Answer: A) Net Asset Value. 10. 'Fiat Money' is that that is A) Backed by bullion or silver. B) Accepted by abroad banks only. C) Decreed as income by a government. D) Accepted during a moment in lieu of gold. Show Answer Correct Answer: D) Accepted during a moment in lieu of gold. 11. A money Bill can originate A) Only in Lok Sabha. B) Only in Rajya Sabha. C) Only in a joint sitting of 2 houses. D) In either house of the parliament. Show Answer Correct Answer: A) Only in Lok Sabha. 12. Credit cards are of standard size and thickness and are embossed with the following details A) Validity date. B) Card number. C) Name of card holder. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. What does the letter 'M' depict in the term SME as used in the financial world? A) Mutual. B) Market. C) Medium. D) Maximum. Show Answer Correct Answer: C) Medium. 14. When did the National Bank of Agriculture and Rural Development establish? A) June, 1951. B) June, 1961. C) July, 1969. D) July, 1982. Show Answer Correct Answer: D) July, 1982. 15. What is the full form Of FEMA A) Foreign Exchange Money Act. B) Full Exchange money Agency. C) Foreign Exchange Money Agency. D) Foreign Exchange Management Act. Show Answer Correct Answer: D) Foreign Exchange Management Act. 16. INFINET stands for A) Indian Financial network. B) Indoor Financial network. C) Internet Financial network. D) International Financial network. Show Answer Correct Answer: D) International Financial network. 17. Which is the policy that offers multiple coverage combinations for both buildings and contents? A) WPI. B) PRP. C) REPO. D) UNDP. Show Answer Correct Answer: B) PRP. 18. In which year "Dhanlaxmi Bank Ltd. " was formed? A) 1925. B) 1926. C) 1927. D) 1928. Show Answer Correct Answer: C) 1927. 19. Maximum Part of India Foreign Currency is utilized for..... A) Iron-Steel Import. B) Food Item Import. C) Petroleum Import. D) Technology Knowledge Import. Show Answer Correct Answer: C) Petroleum Import. 20. India's first indigenous payment gateway is .....? A) India Pay. B) India Challan. C) India Payment. D) India Expenditure. Show Answer Correct Answer: A) India Pay. ← PreviousNext →Related QuizzesBanking Awareness And Sebi Quiz 1Banking Awareness And Sebi Quiz 2Banking Awareness And Sebi Quiz 3Banking Awareness And Sebi Quiz 4Banking Awareness And Sebi Quiz 5Banking Awareness And Sebi Quiz 6Banking Awareness And Sebi Quiz 7Banking Awareness And Sebi Quiz 8Banking Awareness And Sebi Quiz 9Banking Awareness And Sebi Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books