Banking Awareness And Sebi Quiz 2 (20 MCQs)

Quiz Instructions

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1. Which bank started the first RRB named Prathama Grameen Bank?

Correct Answer: A) Syndicate Bank.

2. Which bank has received Banking licenses by Reserve Bank of India in 2014?

Correct Answer: C) Both (a) and (b).

3. ..... is known as the commercial capital of India.

Correct Answer: A) Mumbai.

4. Which is the first bank to introduce savings account in India?

Correct Answer: B) Presidency Bank.

5. The headquarters of Lakshmi Vilas Bank (LVB) is .....

Correct Answer: A) Chennai.

6. Expand AEPS in terms of banking.

Correct Answer: C) Aadhaar-enabled Payment system.

7. National Payments Corporation of India (NPCI) is being used by banks for .....

Correct Answer: C) Clearing and settlement.

8. According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks?

Correct Answer: A) January, 1993.

9. Whose signature does Indian currency note bear?

Correct Answer: A) RBI Governor.

10. Under which sector will banking sector fall?

Correct Answer: A) Service sector.

11. Co-operative banks are .....?

Correct Answer: C) Private sector banks.

12. The term EFT means

Correct Answer: B) Electronic funds transfers.

13. CRR is required to maintain in the form of .....?

Correct Answer: A) Cash with RBI.

14. In which year "Vijaya Bank" was formed?

Correct Answer: A) 23rd October, 1931.

15. Banking Ombudsman services are available to

Correct Answer: D) All the above.

16. Bitcoin is a.....

Correct Answer: A) Payment system.

17. Which among the following public sector banks, has its headquarters in Kolkata?

Correct Answer: A) UCO Bank.

18. A cheque is payable on

Correct Answer: A) Demand.

19. Banks disclose the information about their borrowers to RBI under Provisions of

Correct Answer: B) Section 45-C, RBI Act.

20. What does the acronym DICGC mean?

Correct Answer: C) Deposit Insurance and Credit Guarantee Corporation.