This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 31 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What does crossing of cheques make them? A) Remain the same. B) Invalid document. C) Ineligible to get cash across the bank counter. D) Ineligible to endorse to a person other than the payee. Show Answer Correct Answer: D) Ineligible to endorse to a person other than the payee. 2. What is the validity of "Kisan Credit Card" ? A) 1 year. B) 2 year. C) 3 year. D) 4 year. Show Answer Correct Answer: C) 3 year. 3. "Allonge" is A) Bill payable after sight. B) Duplicate DD issued to a customer. C) A piece of paper for making endorsements. D) A piece of paper attached to a negotiable instrument for making available more space for further endorsements. Show Answer Correct Answer: D) A piece of paper attached to a negotiable instrument for making available more space for further endorsements. 4. Electronic banking has opened new banking channels like? A) ATM banking. B) Internet banking. C) Telephone banking. D) All of these. Show Answer Correct Answer: D) All of these. 5. According to the Socio Economic and Caste Census (SECC) which among the following states in India has highest per cent of Urban BPL households? A) Bihar. B) Sikkim. C) Manipur. D) Jharkhand. Show Answer Correct Answer: C) Manipur. 6. How many digits are there in IFSC Code? A) 11. B) 12. C) 13. D) 14. Show Answer Correct Answer: A) 11. 7. What does the letter 'R' denote in the abbreviation 'BR Act' which controls banking activities in the country? A) Rule. B) Regulation. C) Reformation. D) Reclamation. Show Answer Correct Answer: B) Regulation. 8. Indian Trusts Act..... A) 1880. B) 1881. C) 1882. D) 1883. Show Answer Correct Answer: C) 1882. 9. On which date, RBI started working? A) 1 January 1934. B) 31 March 1934. C) 1 January 1935. D) 1 April 1935. Show Answer Correct Answer: D) 1 April 1935. 10. Which is the largest commercial bank of the country? A) Bank of India. B) Canara Bank. C) State Bank of India. D) Union Bank of India. Show Answer Correct Answer: C) State Bank of India. 11. When did the Government appoint for transfer of stake? A) 1 April. B) 5 April. C) 26 May. D) 29 June. Show Answer Correct Answer: D) 29 June. 12. India's first "talking" Automated Teller Machine (ATM) for visually impaired located in..... A) Pune. B) Kolkata. C) New Delhi. D) Ahmedabad. Show Answer Correct Answer: D) Ahmedabad. 13. J.S. Verma Committee Report relates to A) Bank Mechanization. B) Corporate Governance. C) Strengthening of weak banks. D) All of the above. Show Answer Correct Answer: C) Strengthening of weak banks. 14. When did the Centre acquire the Reserve Bank of India's entire 59.73 % equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi? A) April 5, 2006. B) May 26, 2006. C) June 29, 2007. D) September 30, 2005. Show Answer Correct Answer: C) June 29, 2007. 15. When was the first Land Mortgage Bank established? A) 1915. B) 1920. C) 1925. D) 1930. Show Answer Correct Answer: B) 1920. 16. What is Yield Curve Risk? A) Yield curve changes its slope and shape from time to time. B) It is a line of graph plotting the yield of all maturities of a particular instrument. C) Yield curve can be twisted to the desired direction through the intervention of RBI. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. As per the Banking Ombudsman Scheme, any person can file a complaint before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of ..... A) One month. B) Two months. C) Three months. D) Six months. Show Answer Correct Answer: A) One month. 18. The network for common data communication for banks and FIs launched by RBI? A) SWIFT. B) INFINET. C) INTERNET. D) BANKNET. Show Answer Correct Answer: D) BANKNET. 19. The salient features of Bank, defined in terms of Banking Regulation Act stipulate that a bank must engage in .....? A) Accepting deposits (Resources). B) Lending or Investing the Resources. C) Both (a) and (b). D) Lending the Resources. Show Answer Correct Answer: C) Both (a) and (b). 20. Many times we read a term "ECB" in financial newspapers. What is the full form of ECB? A) External Credit and Business. B) Essential Credit and Borrowing. C) External Commercial Borrowing. D) Essential Commercial Borrowing. Show Answer Correct Answer: C) External Commercial Borrowing. ← 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