This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. From 25th September 1975, Rupee was de-linked from pound sterling and was linked to..... A) Basket of Currencies. B) Dinar. C) US Dollar. D) Gold. Show Answer Correct Answer: A) Basket of Currencies. 2. Which of the following institution is meant for small and medium enterprises? A) RBI. B) NABARD. C) SIDBI. D) IFCI. Show Answer Correct Answer: C) SIDBI. 3. What is the full form of NDTL? A) Net Demand & Tax Liabilities. B) Net Demand & Time Liabilities. C) New Demand & Tenure Liabilities. D) National Deposits & Total Liquidity. Show Answer Correct Answer: B) Net Demand & Time Liabilities. 4. Hypothecation is A) A legal transaction whereby goods may be made available as security for a debt. B) A transaction of conditional sale. C) Either a or b. D) Transfer of ownership by the borrower to the lender. Show Answer Correct Answer: A) A legal transaction whereby goods may be made available as security for a debt. 5. When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005? A) June 29, 2007. B) April 5, 2006. C) May 26, 2006. D) September 30, 2005. Show Answer Correct Answer: B) April 5, 2006. 6. Some banks are financing big projects like construction of roads, bridges etc. Financing such projects means banks are helping exactly in A) Developing core sector Industry. B) Project Management. C) Financial Inclusion. D) Infrastructural Development. Show Answer Correct Answer: D) Infrastructural Development. 7. Coins are minted at? A) Hyderabad. B) Kolkatta. C) Mumbai. D) All of these. Show Answer Correct Answer: D) All of these. 8. IndusInd Bank is headquartered at..... A) Indore. B) Mumbai. C) Kolkata. D) Allahabad. Show Answer Correct Answer: B) Mumbai. 9. Payment of a cheque may be countermanded by the ..... A) Drawee. B) Payee. C) True owner. D) Drawer. Show Answer Correct Answer: D) Drawer. 10. The annual return of unclaimed deposits u/s 26 of Banking Regulation Act should be submitted to RBI within the following days after close of the calendar year A) 20 days. B) 10 days. C) 30 days. D) 40 days. Show Answer Correct Answer: C) 30 days. 11. What was the deposits criteria of 14 Banks nationalized on 19th July 1969? A) Rs. 100 Crore. B) Rs. 500 Crore. C) Rs. 50 Crore. D) Rs.1000 Crore. Show Answer Correct Answer: C) Rs. 50 Crore. 12. Who among the following is the responsible person to decide the quantity of the coins to be minted? A) RBI. B) SEBI. C) The Government of India. D) None of these. Show Answer Correct Answer: C) The Government of India. 13. RBI governor who served as the Finance Minister in the Union Cabinet? A) Raghuram Rajan. B) D. Deshmukh. C) Osborne Smith. D) Subbarao. Show Answer Correct Answer: B) D. Deshmukh. 14. What is the percentage rate reflecting the total amount of interest paid on a deposit account called? A) WPI. B) APY. C) APR. D) None of these. Show Answer Correct Answer: B) APY. 15. Which of the following is not an imperfect note? A) Wahsed note. B) Oiled note. C) Multilated note. D) Bleached note. Show Answer Correct Answer: C) Multilated note. 16. Commercial papers are normally issued in the multiple of ..... crore. A) 2. B) 5. C) 10. D) 9. Show Answer Correct Answer: B) 5. 17. Who was the first governor of RBI? A) Nagendra Singh. B) James Braid Taylor. C) Osborne Smith. D) Mihir Sen. Show Answer Correct Answer: C) Osborne Smith. 18. Which of the following is not classified as a commercial Bank? A) Regional Rural Bank. B) Co-operative Bank. C) Private Sector Bank. D) Foreign Bank. Show Answer Correct Answer: B) Co-operative Bank. 19. Which bank started the first RRB named Prathama Grameen Bank? A) United Bank of India. B) Syndicate Bank. C) State Bank of India. D) Punjab National Bank. Show Answer Correct Answer: B) Syndicate Bank. 20. Which bank has received Banking licenses by Reserve Bank of India in 2014? A) IDFC. B) Bandhan. C) Both (a) and (b). D) Aditya Birla Nuvo Ltd. Show Answer Correct Answer: C) Both (a) and (b). 21. ..... is known as the commercial capital of India. A) Mumbai. B) New Delhi. C) Bengaluru. D) Calcutta. Show Answer Correct Answer: A) Mumbai. 22. Which is the first bank to introduce savings account in India? A) Bank of Hindustan. B) Bengal Bank. C) General Bank of India. D) Presidency Bank. Show Answer Correct Answer: D) Presidency Bank. 23. The headquarters of Lakshmi Vilas Bank (LVB) is ..... A) Chennai. B) Bengaluru. C) Mumbai. D) Pune. Show Answer Correct Answer: A) Chennai. 24. Expand AEPS in terms of banking. A) Aadhaar-enabled Payment Service. B) Aadhaar-enabled promotion scheme. C) Automated engineered payment service. D) Aadhaar-enabled Payment system. Show Answer Correct Answer: D) Aadhaar-enabled Payment system. 25. National Payments Corporation of India (NPCI) is being used by banks for ..... A) Remittance. B) Advisory service. C) Clearing and settlement. D) Payments and settlements. Show Answer Correct Answer: C) Clearing and settlement. 26. According to which issue of guidelines did the RBI grant approval for the setting up of 13 new privately-owned domestic banks? A) March, 1971. B) April, 1980. C) September, 1993. D) January, 1993. Show Answer Correct Answer: D) January, 1993. 27. Whose signature does Indian currency note bear? A) Finance Secretary. B) Finance Minister. C) The President. D) RBI Governor. Show Answer Correct Answer: D) RBI Governor. 28. Under which sector will banking sector fall? A) Service sector. B) Industrial sector. C) Agricultural sector. D) None of the above. Show Answer Correct Answer: A) Service sector. 29. Co-operative banks are .....? A) Joint-sector banks. B) Public sector banks. C) Private sector banks. D) All of the above. Show Answer Correct Answer: C) Private sector banks. 30. The term EFT means A) Electronic funds transfers. B) Electrical funds transfers. C) Electronic foreign transfers. D) Electronic financial transfers. Show Answer Correct Answer: A) Electronic funds transfers. Next →Related QuizzesFinance QuizzesBanking 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 8Banking Awareness And Sebi Quiz 9Banking Awareness And Sebi Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books