Banking Awareness And Sebi Quiz 24 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. 'Imperial Bank of India' was the old name of

Correct Answer: C) State Bank of India.

2. Which of the following is not a function of commercial bank?

Correct Answer: C) Settlement of payments on behalf of the customers.

3. Fixed deposits cannot be

Correct Answer: A) Transferred to third parties.

4. With whom does the ownership of Public sector banks rest?

Correct Answer: D) Jointly with Government of India and share-holders from the public.

5. Which is the largest foreign bank in India?

Correct Answer: C) Standard Chartered Bank.

6. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish?

Correct Answer: B) May 26, 2006.

7. Know Your Customer (KYC) guidelines expect banks to?

Correct Answer: B) Know the financial details of the customer.

8. What are NEFT and RTGS about?

Correct Answer: C) Electronic fund transfer from bank to bank.

9. In which year "Union Bank of India" was formed?

Correct Answer: D) 11 November 1919.

10. In which year "Reserve Bank of India" was formed?

Correct Answer: D) 1934.

11. The main function of an Asset Management Company is to

Correct Answer: D) Manage the funds by makinginvestments in various typesof securities.

12. In which year "Yes Bank" was formed?

Correct Answer: C) 2003.

13. In which year "UCO Bank" was formed?

Correct Answer: C) 1943.

14. Which among the following are the correct locations of three presidency banks during British India?

Correct Answer: D) Calcutta, Madras, Bombay.

15. The Negotiable instrument is .....

Correct Answer: D) All of the above.

16. Payment of a coupon cannot be done upon a income opposite of bank if a coupon is

Correct Answer: A) Cross.

17. Functions of Banks are governed by?

Correct Answer: D) Banking Regulation Act.

18. Which one of the following is the Federal regulatory agency that charters and supervises Federal credit unions?

Correct Answer: C) NCUA.

19. Which is known as the arrangement when more than one banks allow credit facilities to one party in cordination with each other?

Correct Answer: C) Consortium.

20. The interest on recurring deposit is paid on the basis of

Correct Answer: A) Quarterly compounding.