Banking Awareness And Sebi Quiz 32 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Interest rate "Savings deposit" now a days is decided by

Correct Answer: D) Respective Banks.

2. The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on .....

Correct Answer: B) May 23, 2008.

3. India is a member of the International Monetary Fund since .....

Correct Answer: B) 1947.

4. Which one of the following is used when describing the monthly charges on a mortgage?

Correct Answer: D) PITI.

5. Which among the following was the first bank to open a branch on foreign soil?

Correct Answer: A) Bank of India.

6. The primary relationship between the banker and the customer is that of

Correct Answer: C) Debtor and Creditor.

7. In which year "Punjab National Bank In Lahore" was formed?

Correct Answer: D) 1895.

8. In which year was the Banking Regulation Act passed?

Correct Answer: B) 1949.

9. Which bank has launched the fist contactless debit, credit and multi-currency forex card?

Correct Answer: B) Axis Bank.

10. Excessively soiled, brittle or burnt notes can be exchanged on

Correct Answer: A) Issue Office of RBI.

11. Certificate of deposits have a minimum value of.....?

Correct Answer: A) Rs 1 lakh.

12. Bank of Rajasthan was merged with

Correct Answer: C) ICICI.

13. What does RBI regulate through Open Market Operation Transactions?

Correct Answer: B) Liquidity in economy.

14. The expansion of BIFR, in the context of the Indian Industry is

Correct Answer: A) Board for Industrial and Financial Reconstruction.

15. According to the recommendation of the 14th Finance Commission, the Share of states in the centre's tax revenue is increased from 32 % to .....

Correct Answer: B) 42 %.

16. What is the full form of FINO?

Correct Answer: B) Financial Inclusion Network and Operations.

17. Which of the following is not the part of organized sector of India Money Market?

Correct Answer: A) Chit Funds.

18. In which year "General Bank of India" was established?

Correct Answer: B) 1786.

19. What kind of Treasury Bills (T-Bills) is/ are issued by State Government?

Correct Answer: D) No Treasury Bills issued by State Government.

20. Which bank launched Mobile Bank Accounts in association with Vodafone's m-paisa?

Correct Answer: B) HDFC Bank.