This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 18 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the minimum capital requirement for New Banks in the Private Sector? A) Rs. 250 crore. B) Rs. 500 crore. C) Rs. 750 crore. D) Rs. 1000 crore. Show Answer Correct Answer: B) Rs. 500 crore. 2. What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents? A) Bill of country. B) Letter of credit. C) Bill of exchange. D) Letter of exchange. Show Answer Correct Answer: B) Letter of credit. 3. Whose signature is there on 10 Rupee note? A) Governor, SBI. B) Governor, RBI. C) Finance Minister. D) Finance Secretary. Show Answer Correct Answer: B) Governor, RBI. 4. Which of the following are Bank advances of a Bank? A) Bad debts. B) Overdrawn accounts. C) Out of order accounts. D) Non-performing Assets. Show Answer Correct Answer: D) Non-performing Assets. 5. CAPART is associated with which of the following? A) Foreign trade. B) Infrastructure. C) Energy sector. D) Rural Developement. Show Answer Correct Answer: D) Rural Developement. 6. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 per cent to? A) 72 %. B) 74 %. C) 76 %. D) 78 %. Show Answer Correct Answer: B) 74 %. 7. What is the maximum value to be stored in a prepaid card? A) Rs. 5,000. B) Rs. 10,000. C) Rs. 50,000. D) No limit. Show Answer Correct Answer: C) Rs. 50,000. 8. If Reserve Bank of India hikes interest rates by 25 basis points in its monetary policy, then a commercial bank would like to increase it's interest rates on loans by 25 basis points of.....? A) Base rate. B) Repo rate. C) Prime Lending Rate. D) Saving account interest rate. Show Answer Correct Answer: A) Base rate. 9. Which one of the following is a set of statutes enacted to provide consistency among the States' commercial laws? A) ARC. B) NSC. C) UCC. D) AIRSCS. Show Answer Correct Answer: C) UCC. 10. 'Subprime lending' is a term applied to the loans made to ..... A) Those borrowers who have a good debit history. B) Those borrowers who have a good credit history. C) Those borrowers who do not have a good debit history. D) Those borrowers who do not have a good credit history. Show Answer Correct Answer: D) Those borrowers who do not have a good credit history. 11. In which year "Karur Vysya Bank" was formed? A) 1910. B) 1913. C) 1916. D) 1920. Show Answer Correct Answer: C) 1916. 12. Which of the following cooperative bank is considered as the first cooperative bank in India? A) Anyonya Cooperative Bank. B) Amanath Cooperative Bank Limited. C) Abhyudaya Cooperative Bank Limited. D) Ahmedabad Mercantile Cooperative Bank Limited. Show Answer Correct Answer: A) Anyonya Cooperative Bank. 13. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control A) Terrorism. B) Tax Evasion. C) Money Laundering. D) Avoiding frauds in ATMs. Show Answer Correct Answer: C) Money Laundering. 14. Which movement encouraged the formation of commercial banks? A) Swadeshi movement. B) Quit India Movement. C) Non Cooperation Movement. D) Civil Disobedience Movement. Show Answer Correct Answer: A) Swadeshi movement. 15. Indian Stamp Act..... A) 1881. B) 1889. C) 1902. D) 1907. Show Answer Correct Answer: B) 1889. 16. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the A) UBOR. B) Base rate. C) Exchange rate. D) Inter bank Call money rate. Show Answer Correct Answer: C) Exchange rate. 17. A rate of exchange established between any two currencies on the basis of the respective quotation of each currency in terms of a third currency is known as A) Wash rate. B) Cross rate. C) Merchant rate. D) Composite rate. Show Answer Correct Answer: B) Cross rate. 18. One can enjoy the "overdraft facility" in A) Saving Account. B) Current Account. C) Recurring Account. D) Fixed Deposit Account. Show Answer Correct Answer: B) Current Account. 19. Which country launched world first Facial recognition ATM? A) US. B) China. C) Japan. D) Canada. Show Answer Correct Answer: B) China. 20. Which one of the following gives consumers the right to see their credit records and correct mistakes? A) FOIA. B) FCRA. C) FACTA. D) FDCPA. Show Answer Correct Answer: B) FCRA. ← 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