This quiz works best with JavaScript enabled. Home > Banking > Banking Awareness And Sebi – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. With reference to a cheque which of the following is the 'drawee bank'? A) The payee's bank. B) The endorser's bank. C) The bank that collects the cheque. D) The bank upon which the cheque is drawn. Show Answer Correct Answer: D) The bank upon which the cheque is drawn. 2. Which is the first bank to introduce ATM in India? A) HSBC. B) State Bank of India. C) United Bank of India. D) Standard Chartered Bank. Show Answer Correct Answer: A) HSBC. 3. The committee that recommended the introduction of electronic clearing services? A) Shere Committee. B) Saraf Committee. C) Kapoor Committee. D) Rangarajan Committee. Show Answer Correct Answer: B) Saraf Committee. 4. What is a stale cheque? A) A cheque which has completed 3 months from the date of its issue. B) A cheque issued without drawer's signature. C) A cheque with only signature of the drawer. D) Any one of the above. Show Answer Correct Answer: A) A cheque which has completed 3 months from the date of its issue. 5. In which year "Bank of India" was formed? A) 1905. B) 1906. C) 1907. D) 1908. Show Answer Correct Answer: B) 1906. 6. Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks? A) SBI. B) LIC. C) SIDBI. D) NABARD. Show Answer Correct Answer: A) SBI. 7. Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per provisions of which of the following Act? A) RBI Act. B) Limitation Act. C) Banking Regulation Act. D) Negotiable Instrument Act 1881. Show Answer Correct Answer: C) Banking Regulation Act. 8. The ownership structure of Regional Rural Banks (RRBs) comprises of A) Central Govt., State Govt. and Sponsor Bank. B) Sponsor Bank, Reserve Bank of India and NABARD. C) Central Govt., State Govt., Reserve Bank of India (RBI). D) Sponsor Bank, Reserve Bank of India (RBI) and State Govt. Show Answer Correct Answer: A) Central Govt., State Govt. and Sponsor Bank. 9. The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of A) 1955. B) 1965. C) 1975. D) 1985. Show Answer Correct Answer: B) 1965. 10. Which one of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance? A) No frill account. B) Current Account. C) Savings Bank-ordinary Account. D) Students Savings Bank Account. Show Answer Correct Answer: A) No frill account. 11. Which one of the following allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments? A) IBS. B) CBS. C) DBS. D) POS. Show Answer Correct Answer: D) POS. 12. In which year "Indian Bank" was formed? A) 15th August 1903. B) 15th August 1905. C) 15th August 1907. D) 15th August 1909. Show Answer Correct Answer: C) 15th August 1907. 13. First bank in India to launch its interactive banking service through Dish TV A) HSBC. B) Axis Bank. C) HDFC Bank. D) ICICI Bank. Show Answer Correct Answer: C) HDFC Bank. 14. According to which guidelines did the Government pick up the entire SBI shares held by the RBI? A) Financial Regulations. B) Securities Commission. C) National Stock Exchange of India. D) Securities and Exchange Board of India (SEBI). Show Answer Correct Answer: D) Securities and Exchange Board of India (SEBI). 15. When did the government acquire RBI's shareholding (72.5 %) in NABARD? A) March, 2009. B) May, 2008. C) June, 2008. D) August, 2008. Show Answer Correct Answer: C) June, 2008. 16. RBI can carry out inspection of any bank under section ..... of Banking Regulation Act. A) 31. B) 33. C) 35. D) 37. Show Answer Correct Answer: C) 35. 17. The largest bank Imperial bank was nationalized in 1955 and rechristened as State Bank of India on the recommendation of which committee? A) Rekhi Committee. B) Chelliah Committee. C) Gorewala Committee. D) Rangarajan Committee. Show Answer Correct Answer: C) Gorewala Committee. 18. Quantitative instrument of the RBI can be A) Bank Rate Policy. B) Cash Reserve Ratio. C) Statutory Liquidity Ratio. D) All of these. Show Answer Correct Answer: D) All of these. 19. The Reserve Bank of India was established on ..... A) April 1, 1935. B) April 12, 1939. C) July 12, 1982. D) May 26, 2006. Show Answer Correct Answer: A) April 1, 1935. 20. Punjab National Bank was established in ..... A) 1890. B) 1894. C) 1917. D) 1922. Show Answer Correct Answer: B) 1894. ← 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 9Banking Awareness And Sebi Quiz 10Banking Awareness And Sebi Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books