This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A debt becomes time-barred after A) One year. B) Two years. C) Three years. D) Four years. Show Answer Correct Answer: C) Three years. 2. Which among the following is incorrect? A) RBI is Banker's Bank. B) RBI is the Bank of Issue. C) RBI does not regulate the flow of credit. D) RBI acts as Banker to the Government. Show Answer Correct Answer: C) RBI does not regulate the flow of credit. 3. What is the current sign of indian rupee? A) B. Rs. B) INR. C) Indian rupee. D) None of above. Show Answer Correct Answer: A) B. Rs. 4. Which one of the following set up core banking infrastructure for rural banks? A) IBA. B) RBI. C) SIDBI. D) NABARD. Show Answer Correct Answer: D) NABARD. 5. The performance of which scheme does the National Housing Bank monitor? A) Liberalized Finance Scheme. B) Finance scheme for indirect loans. C) Energy Efficient Housing Finance Scheme. D) Golden Jubilee Rural Housing Finance Scheme. Show Answer Correct Answer: D) Golden Jubilee Rural Housing Finance Scheme. 6. CIBIL as a credit bureau caters to A) Consumer segments. B) Commercial segments. C) Nationalized Banks only. D) Both commercial and consumersegments. Show Answer Correct Answer: D) Both commercial and consumersegments. 7. What is the full form of CBS? A) Core Banking System. B) Core Banking Service. C) Core Banking Solution. D) Core Banking Software. Show Answer Correct Answer: C) Core Banking Solution. 8. Which one of the following requires lenders to provide "good faith" estimates of settlement costs? A) FOIA. B) TILA. C) NCUA. D) RESPA. Show Answer Correct Answer: D) RESPA. 9. According to the risk diversification principle of bank lending, diversification should be in terms of A) Customer base. B) Nature of business. C) Geographic location. D) All of these. Show Answer Correct Answer: D) All of these. 10. Which among the following statement is incorrect about SEBI? A) Mutual fund regulator. B) Capital market regulator. C) Regulates the credit rating agencies in India. D) None of these. Show Answer Correct Answer: D) None of these. 11. In which of the following States there is no Regional Rural Bank? A) Goa. B) Punjab. C) Karnataka. D) Uttarakhand. Show Answer Correct Answer: A) Goa. 12. Which one of the following organisations has been set up to facilitate connectivity between the Bank's switches and their ATMs, and inter bank payment gateway for authentication and routing the paymen A) IBA. B) IRDA. C) SIDBI. D) IDRBT. Show Answer Correct Answer: D) IDRBT. 13. Who is primarily liable on a cheque? A) Payee. B) Drawer. C) Drawee banker. D) Collecting banker. Show Answer Correct Answer: B) Drawer. 14. When did the Government of India set up the Export-Import Bank of India? A) June, 1969. B) March, 1971. C) January, 1982. D) January, 1993. Show Answer Correct Answer: C) January, 1982. 15. What was the initial share capital of Reserve Bank of India? A) Rs. 5 Crore. B) Rs. 15 Crore. C) Rs. 25 Crore. D) Rs. 35 Crore. Show Answer Correct Answer: A) Rs. 5 Crore. 16. Which is the biggest Commercial bank of India? A) Bank of Baroda. B) State Bank of India. C) Punjab National Bank. D) United Commercial Bank. Show Answer Correct Answer: B) State Bank of India. 17. The following are main objectives of the SEBI A) To regulate the security market. B) To protect interest of investors. C) To promote the development of security market. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. A scheduled bank must be A) An institution notified by GOI. B) A company as defined by companies act, 2013. C) A corporative or company incorporated by any law in force in any place in India. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be A) Branded with a stamp COUNTERFEIT BANKNOTE. B) Recorded in a separate register under authentication. C) Acknowledged in the prescribed format of RBI and issued to the tenderer. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. The Kisan Credit Card Scheme is being implemented by all A) Regional Rural Banks. B) Public Sector Commercial Banks. C) State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 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