This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 10 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. PAN number is required for all transactions above A) Rs. 25,000. B) Rs. 1 lac. C) Rs. 4 lac. D) Rs. 2.5 lac. Show Answer Correct Answer: B) Rs. 1 lac. 2. CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of A) Chore Committee. B) Kapoor Committee. C) Ghosh Committee. D) Krishna Committee. Show Answer Correct Answer: D) Krishna Committee. 3. Who regulate monetary policy? A) SIDBI. B) SEBI. C) RBI. D) IRDA. Show Answer Correct Answer: C) RBI. 4. The Application Supported by Blocked Amount (ASBA) is related to which of the following sector? A) Insurance Sector. B) Capital market. C) Export-Import. D) Commodity market. Show Answer Correct Answer: B) Capital market. 5. What is the full form of 'MAT'? A) Minimum Alternate Time. B) Maximum Alternate Time. C) Minimum Alternate Tax. D) Maximum Alternate Tax. Show Answer Correct Answer: C) Minimum Alternate Tax. 6. Which is the first Indian bank to open branch outside India? A) Bank of India. B) Canara Bank. C) Andhra Bank. D) Bank of Baroda. Show Answer Correct Answer: A) Bank of India. 7. Who conducts integrated supervision over commercial banks, FIs and NBFCs and other para-banking financial institutions, in India? A) Ministry of Finance, Govt. of India. B) Security Exchange Board of India. C) Dept. Of Banking Operations, RBI. D) FCMD of RBI. Show Answer Correct Answer: D) FCMD of RBI. 8. Which type of machine is used by Business Correspondents? A) Solar empowered. B) Micro ATMs. C) POS. D) Biometric Card Reader. Show Answer Correct Answer: D) Biometric Card Reader. 9. National Electronic Funds Transfer (NEFT) is a nationwide payment system facilitating one-to-one funds transfer. What is the limit on the amount that could be transferred using NEFT? A) No limit. B) Rs. 2 lakh. C) Rs. 1 lakh. D) Rs. 5 lakh. Show Answer Correct Answer: A) No limit. 10. A Bank would usually allow opening of a current account to .....? A) Lunatic person. B) Illiterate person. C) Minor Customer. D) None of the Above. Show Answer Correct Answer: D) None of the Above. 11. What is the full form of LIBOR? A) London-India Bureau Of Regulations. B) London Inter Bank Offered Rate. C) Local Indian Bank Offered Rate. D) Liberal International Bank Official Ratio. Show Answer Correct Answer: A) London-India Bureau Of Regulations. 12. "Basel Committee on Banking Supervision" is also known as ..... A) Bank for International Settlements Committee. B) Banking Regulation Committee. C) Financial Stability Board. D) Global Financial System. Show Answer Correct Answer: A) Bank for International Settlements Committee. 13. Rural Infrastructure Development Fund (RIDF) is financed by A) Reserve Bank of India. B) Selected group of Public Sector Banks. C) NABARD. D) Ministry of Rural Development. Show Answer Correct Answer: C) NABARD. 14. From the following in which bank no person can open his account? A) RBI. B) Cooperative Bank. C) Rural Bank. D) Commercial Bank. Show Answer Correct Answer: A) RBI. 15. In India, the bank which issued central currency is A) Bank of India. B) Reserve Bank of India. C) State Bank of India. D) Central Bank of India. Show Answer Correct Answer: B) Reserve Bank of India. 16. In finance, a derivative is a..... A) Return. B) Contract. C) Legal Agreement. D) None of these. Show Answer Correct Answer: B) Contract. 17. Which of the following permit cheque operation? A) Savings bank accounts and cash accounts. B) Savings bank accounts and current accounts. C) Current accounts and fixed deposit accounts. D) Savings bank accounts and fixed deposit accounts. Show Answer Correct Answer: B) Savings bank accounts and current accounts. 18. What is meant by Scheduled Bank? A) The bank functioning under provisions of Banking Reg. Act 1949. B) Bank issued a license by RBI mentioning therein that it is a scheduled bank. C) The bank incorporated under Banking Companies Act 1956. D) A bank included in 2ndschedule of RBI Act. Show Answer Correct Answer: D) A bank included in 2ndschedule of RBI Act. 19. Which of the following was the first mutual fund listed on the newly launched mutual fund platform on National Stock Exchange (NSE)? A) UTI Mutual Fund. B) LIC Mutual Fund. C) Bank of Baroda Mutual Fund. D) SBI Mutual Fund. Show Answer Correct Answer: A) UTI Mutual Fund. 20. As per SEBI directives, what is the minimum public shareholding in case of listed companies A) 35 %. B) 5 %. C) 15 %. D) 25 %. Show Answer Correct Answer: D) 25 %. 21. The markets catering the need of short term funds are called..... A) Insurance. B) Money Markets. C) Capital Markets. D) None of these. Show Answer Correct Answer: B) Money Markets. 22. What is the full form of FIMMDA? A) Floating Income Money Markets & Derivatives Association. B) Fixed Income Money Markets & Derivatives Affiliation. C) Foreign Income Money Markets & Derivatives Association. D) Fixed Income Money Markets & Derivatives Association. Show Answer Correct Answer: D) Fixed Income Money Markets & Derivatives Association. 23. A centralized database with online connectivity to branches, internet as well as ATM- network which has been adopted by almost all major banks of our country is known as? A) Core Banking. B) National Banking. C) Mobile Banking. D) Investment Banking. Show Answer Correct Answer: A) Core Banking. 24. Who was was the first Indian to become governor of RBI? A) Liaquat Ali Khan. B) T. T. Krishnamachari. C) C. D. Deshmukh. D) John Mathai. Show Answer Correct Answer: C) C. D. Deshmukh. 25. Capital market can be divided into A) Gilt edged market. B) Industrial securities market. C) Both (a) and (b). D) Personal securities market. Show Answer Correct Answer: C) Both (a) and (b). 26. In which year "Tamilnad Mercantile Bank Limited" was formed? A) 11th May 1921. B) 11th May 1920. C) 11th May 1922. D) 11th May 1923. Show Answer Correct Answer: A) 11th May 1921. 27. In which type of banking, electronic financial transactions are done? A) E-Banking. B) Internet Banking. C) Universal Banking. D) M-Banking. Show Answer Correct Answer: A) E-Banking. 28. The Life Insurance Corporation Of India has how many Zonal offices in India? A) 8. B) 10. C) 9. D) 7. Show Answer Correct Answer: A) 8. 29. Negotiable Instruments Act..... A) 1882. B) 1884. C) 1883. D) 1881. Show Answer Correct Answer: D) 1881. 30. Savings account with zero balance can be opened for A) Weaker sections of society. B) Employees of IT companies. C) Person of high net worth. D) Women customers. Show Answer Correct Answer: A) Weaker sections of society. ← PreviousNext →Related QuizzesFinance 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 8Banking Awareness And Sebi Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books