This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who is the founder of Punjab National Bank? A) Bhagat Singh. B) Lala Rajpat Rai. C) Bipin Chandra Pal. D) Bal Gangadhar Tilak. Show Answer Correct Answer: B) Lala Rajpat Rai. 2. Which one of the following is called the frequent changes made by Banks in their product profile? A) Product Control. B) Product Marketing. C) Product Enrichment. D) Product Enhancement. Show Answer Correct Answer: B) Product Marketing. 3. What does RBI do if a Re.1 note is issued by Government of India? A) RBI put into circulation. B) RBI object the issuance. C) RBI asks banks to not to support for circulation. D) RBI converts Re.1 in to higher denomination of Rs.10 and more. Show Answer Correct Answer: A) RBI put into circulation. 4. NABARD support lending to farmers, rural artisans and other non farmers in rural areas through..... A) Co-operative Banks. B) Regional Rural Banks. C) Land Development Banks. D) All the Above. Show Answer Correct Answer: D) All the Above. 5. In Online Banking information processing system, A touchscreen is a/an.....? A) Input device. B) Touch device. C) Output device. D) All of the above. Show Answer Correct Answer: A) Input device. 6. Credit cards are cards which are also known as A) Card money. B) Plastic cards. C) Plastic cards full of money. D) All of the above. Show Answer Correct Answer: B) Plastic cards. 7. The Special Economic Zones (SEZ) Act was passed by Parliament in..... A) May, 2004. B) May, 2005. C) June, 2002. D) June, 2004. Show Answer Correct Answer: B) May, 2005. 8. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty? A) Term deposit. B) Current deposit. C) Recurring deposit. D) Savings bank deposit. Show Answer Correct Answer: A) Term deposit. 9. What is MZM in money market? A) Money with highest return. B) Money with zero maturity. C) Monetary base or total currency. D) Money with sovereign guarantee. Show Answer Correct Answer: B) Money with zero maturity. 10. Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price? A) Market Contract. B) Futures Contract. C) Forward Contract. D) Standard Contract. Show Answer Correct Answer: B) Futures Contract. 11. Which one of the following is a set of United State statutes added as Title VIII of the Consumer Credit Protection Act? A) FOIA. B) FCRA. C) FACTA. D) FDCPA. Show Answer Correct Answer: D) FDCPA. 12. Which bank approved loan to help India in improving Rail services? A) World Bank. B) Asian Development Bank. C) African Development Bank. D) BRICS Development Bank. Show Answer Correct Answer: B) Asian Development Bank. 13. In which year "Syndicate Bank" was formed? A) 1915. B) 1925. C) 1935. D) 1945. Show Answer Correct Answer: B) 1925. 14. Which of the following defines 'Para Banking' services? A) Utility services provided by banks. B) Eligible financial services rendered by banks. C) Services provided to armed forces personnel. D) Services provided through business correspondents. Show Answer Correct Answer: A) Utility services provided by banks. 15. Who all can hire a locker in a bank? A) Individuals. B) Two persons jointly. C) Limited companies and societies. D) All of the above. Show Answer Correct Answer: D) All of the above. 16. 'Ways and Means" advances are provided by Reserve Bank of India only to A) State Government. B) Central Government. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 17. Which was the first in India with limited liability? A) Oudh Commercial Bank. B) State Bank of India. C) Punjab National Bank. D) Imperial Bank of India. Show Answer Correct Answer: A) Oudh Commercial Bank. 18. Expand DRI related to a scheme meant for weaker section of our country. A) Different rate of interest. B) Differential rate of interest. C) Different ration for IndiAns. D) Different rate of interest-bond. Show Answer Correct Answer: B) Differential rate of interest. 19. When was RBI nationalized? A) 1947. B) 1948. C) 1949. D) 1950. Show Answer Correct Answer: C) 1949. 20. Under which section of the Reserve Bank of India Act, the RBI has the sole right of note issue? A) Section 21. B) Section 22. C) Section 23. D) Section 24. Show Answer Correct Answer: B) Section 22. ← 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 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