This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for A) 1 year. B) 3 years. C) 5 years. D) 7 years. Show Answer Correct Answer: C) 5 years. 2. First Indian bank to open a branch outside India is..... A) Canara Bank. B) Bank of India. C) State Bank of India. D) Punjab National Bank. Show Answer Correct Answer: B) Bank of India. 3. Issue Offices of RBI are those places from where A) RBI issues coins to the bank branches. B) RBI issues banknotes to the bank branches. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 4. A banker' lien is governed by A) Banking Regulation Act. B) Negotiable Instrument Act. C) Transfer of Property Act. D) Bankers' Books Evidence Act. Show Answer Correct Answer: C) Transfer of Property Act. 5. Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development? A) NABARD. B) State Bank of India. C) Reserve Bank of India. D) Industrial Development Bank of India. Show Answer Correct Answer: A) NABARD. 6. Under whose chairmanship did RBI constitute a Working Group for making balance of payments manual? A) Anand Sinha. B) Deepak Mohanty. C) Harun Rashid Khan. D) Kamalesh Chandra Chakrabarty. Show Answer Correct Answer: B) Deepak Mohanty. 7. To restrict expansion of credit, the Reserve Bank A) Freezes the bank rate. B) Raises the bank rate. C) Reduces the bank rate. D) None of these. Show Answer Correct Answer: B) Raises the bank rate. 8. Headquarters of World Bank A) Vienna. B) Geneva. C) New York. D) Washington DC. Show Answer Correct Answer: C) New York. 9. UNICEF stand for United Nations Children's Fund and a Nonprofit organization Its headquartered situated in.....? A) USA. B) Japan. C) New York. D) New Delhi. Show Answer Correct Answer: C) New York. 10. The commercial paper can be issued by .....? A) IDBI. B) Corporates. C) Reserve Bank of India. D) Every non-banking company. Show Answer Correct Answer: B) Corporates. 11. In which year "Allahabad Bank" was formed? A) 1855. B) 1865. C) 1875. D) 1885. Show Answer Correct Answer: B) 1865. 12. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is A) Bailor and bailee. B) Principal and agent. C) Trustee and the beneficiary. D) All of the above. Show Answer Correct Answer: B) Principal and agent. 13. As a bank officer, you shall not open a ..... account in the name of minor customer? A) Saving account. B) Current Account. C) Fixed Deposit Account. D) Not open any of the above accounts. Show Answer Correct Answer: B) Current Account. 14. Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impressions? A) Off-site ATMs. B) On-site ATMs. C) Biometric ATMs. D) White Label ATMs. Show Answer Correct Answer: C) Biometric ATMs. 15. BCSBI stands for A) Credit and debit cards. B) Recovery of bad loans. C) Cash collection from the parties. D) Opening and closing of accounts. Show Answer Correct Answer: D) Opening and closing of accounts. 16. What is Call Money? A) Money borrowed for more than one day but up to 3 days. B) Money borrowed for more than one day but up to 7 days. C) Money borrowed for more than one day but up to 14 days. D) Money borrowed or lent for a day or over night. Show Answer Correct Answer: D) Money borrowed or lent for a day or over night. 17. Illiterate Persons are allowed to open? A) Current account. B) Savings account. C) Not allowed to open bank account. D) Only savings account (without cheque facility) or fixed deposit account. Show Answer Correct Answer: D) Only savings account (without cheque facility) or fixed deposit account. 18. As per SEBI guidelines, the maximum shares buy-back period has been reduced to ..... months from ..... months. A) 6 months to 3 months. B) 9 months to 6 months. C) 12 months to 6 months. D) 12 months to 9 months. Show Answer Correct Answer: C) 12 months to 6 months. 19. City Union Bank Headquarter situated in.....? A) Asam. B) New Delhi. C) Tamil Nadu. D) Maharashtra. Show Answer Correct Answer: C) Tamil Nadu. 20. In finance and economics, a monetary authority is the entity which controls the..... A) Finincial institution. B) Money supply of a given currency. C) Bank working and its Functionality. D) None of these. Show Answer Correct Answer: B) Money supply of a given currency. ← PreviousNext →Related QuizzesBanking Awareness And Sebi Quiz 1Banking Awareness And Sebi Quiz 2Banking Awareness And Sebi Quiz 3Banking 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 10Banking Awareness And Sebi Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books