This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 25 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is nomination? A) It is a part of will on behalf of a depositor. B) A facility given to depositors by the Government. C) It is a process of appointing legal heir by the depositors. D) It confers a right to the nominee to receive payment of a deposit after death of depositors. Show Answer Correct Answer: D) It confers a right to the nominee to receive payment of a deposit after death of depositors. 2. The basic functions of the bank are? A) Lending or investing the funds so collected from the customers. B) Acceptance of Deposits from the public. C) Both (a) and (b). D) Lending to customers. Show Answer Correct Answer: C) Both (a) and (b). 3. Public Sector Banks include? A) 14 Nationalized Banks + 6 SBI Associates + 7 Private Banks. B) 19 Nationalized Banks + State Bank of India + 6 SBI Associates. C) 20 Nationalized Banks + 6 Private Banks. D) 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI. Show Answer Correct Answer: D) 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI. 4. The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the A) SBI. B) SIDBI. C) NABARD. D) EXIM bank. Show Answer Correct Answer: B) SIDBI. 5. Land Development Banks form a part of the? A) Commercial Banks. B) Food Corporation of India. C) Cooperative Credit Structure. D) Industrial Development Bank of India. Show Answer Correct Answer: C) Cooperative Credit Structure. 6. What matters most during a run on the bank, is .....? A) Safety of bank. B) The solvency of the bank. C) The number of depositors. D) The liquidity of the bank. Show Answer Correct Answer: D) The liquidity of the bank. 7. On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India? A) RBI Act Section 2(2). B) Negotiable Instruments Act Section 1. C) Banking Regulation Act Section 17. D) Banking Regulation Act Section 5(b). Show Answer Correct Answer: D) Banking Regulation Act Section 5(b). 8. What is the full form of CVV? A) Call Verification Value. B) Card Verification Value. C) Credit Verification Value. D) None of these. Show Answer Correct Answer: B) Card Verification Value. 9. Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued by A) IMF. B) ADB. C) WTO. D) World Bank. Show Answer Correct Answer: A) IMF. 10. Legal amount in a cheque stands for A) Amount in figures. B) Amount in words. C) Amount written as not over. D) Amount in words in figures, whichever is higher. Show Answer Correct Answer: B) Amount in words. 11. Which bank launched smart star account? A) HSBC. B) IDBI Bank. C) ICICI Bank. D) HDFC Bank. Show Answer Correct Answer: C) ICICI Bank. 12. Time deposits means .....? A) Time deposits include overdue fixed deposits. B) Time deposits do not include recurring deposits as well. C) The deposits which are lent to bank for a fixed period. D) Time deposits do not include deposits under Home Loan Account Scheme. Show Answer Correct Answer: C) The deposits which are lent to bank for a fixed period. 13. When Repo rate is reduced by RBI, it leads to A) Increase in cost of borrowing by banks from RBI. B) Increase in cost of loans to borrowers from banks. C) Reduction in cost of borrowing by banks from RBI. D) Reduction of cost to borrowers on loans from banks. Show Answer Correct Answer: C) Reduction in cost of borrowing by banks from RBI. 14. In which year "Jammu & Kashmir Bank" was formed? A) 1922. B) 1926. C) 1933. D) 1938. Show Answer Correct Answer: D) 1938. 15. The Royal Commission on Indian Currency and Finance was also known as ..... A) Buttler Commission. B) Hartog Commission. C) Muddiman Committee. D) Hilton-Young Commission. Show Answer Correct Answer: D) Hilton-Young Commission. 16. To promote the concept of charity towards the poor and the needy, the Indian government has been regularly encouraging people to donate and this donation can also be claimed as a deduction under..... A) Section 80. B) Section 80E. C) Section 80F. D) Section 80G. Show Answer Correct Answer: D) Section 80G. 17. The Bankers'Books Evidence Act..... A) 1871. B) 1881. C) 1891. D) 1901. Show Answer Correct Answer: C) 1891. 18. Which bank was united with the Punjab National Bank in 1993? A) New Bank of India. B) Imperial Bank of India. C) Oudh Commercial Bank. D) Punjab and Sind Bank. Show Answer Correct Answer: A) New Bank of India. 19. Which among the following bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country? A) SBI Bank. B) Axis Bank. C) ICICI Bank. D) HDFC Bank. Show Answer Correct Answer: C) ICICI Bank. 20. Demand draft is a A) Negotiable instrument. B) Not negotiable instrument. C) Not transferable instrument. D) Quasi-negotiable instrument. Show Answer Correct Answer: A) Negotiable instrument. ← 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