This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 11 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Identify the odd one out from the following benefits of RTGS. A) Suited for only lower value transactions. B) Avoids credit risk while settlement. C) Settlement is immediate. D) Lowers the settlement risk. Show Answer Correct Answer: A) Suited for only lower value transactions. 2. What are the steps taken by RBI, in order to meet demand and time liabilities of banks in time? A) Banks are asked to maintain CRR. B) Banks are asked to keep mandatory regulatory cash reserve with RBI. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 3. In which year "Bank of Baroda" was formed? A) 1901. B) 1907. C) 1908. D) 1913. Show Answer Correct Answer: C) 1908. 4. What is the full form of NAV? A) Net Annual Value. B) Net Average Value. C) Net Actual Value. D) Net Asset Value. Show Answer Correct Answer: D) Net Asset Value. 5. 'Fiat Money' is that that is A) Accepted by abroad banks only. B) Backed by bullion or silver. C) Accepted during a moment in lieu of gold. D) Decreed as income by a government. Show Answer Correct Answer: C) Accepted during a moment in lieu of gold. 6. A money Bill can originate A) Only in Lok Sabha. B) Only in a joint sitting of 2 houses. C) In either house of the parliament. D) Only in Rajya Sabha. Show Answer Correct Answer: A) Only in Lok Sabha. 7. Credit cards are of standard size and thickness and are embossed with the following details A) Validity date. B) Card number. C) Name of card holder. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. What does the letter 'M' depict in the term SME as used in the financial world? A) Mutual. B) Medium. C) Maximum. D) Market. Show Answer Correct Answer: B) Medium. 9. When did the National Bank of Agriculture and Rural Development establish? A) July, 1982. B) July, 1969. C) June, 1951. D) June, 1961. Show Answer Correct Answer: A) July, 1982. 10. What is the full form Of FEMA A) Full Exchange money Agency. B) Foreign Exchange Money Act. C) Foreign Exchange Management Act. D) Foreign Exchange Money Agency. Show Answer Correct Answer: C) Foreign Exchange Management Act. 11. INFINET stands for A) Indoor Financial network. B) International Financial network. C) Internet Financial network. D) Indian Financial network. Show Answer Correct Answer: B) International Financial network. 12. Which is the policy that offers multiple coverage combinations for both buildings and contents? A) PRP. B) WPI. C) UNDP. D) REPO. Show Answer Correct Answer: A) PRP. 13. In which year "Dhanlaxmi Bank Ltd. " was formed? A) 1925. B) 1928. C) 1926. D) 1927. Show Answer Correct Answer: D) 1927. 14. Maximum Part of India Foreign Currency is utilized for..... A) Petroleum Import. B) Technology Knowledge Import. C) Food Item Import. D) Iron-Steel Import. Show Answer Correct Answer: A) Petroleum Import. 15. India's first indigenous payment gateway is .....? A) India Pay. B) India Challan. C) India Payment. D) India Expenditure. Show Answer Correct Answer: A) India Pay. 16. RBI has launched a website to provides information about identifying fake currency. A) Https://paisaboltahai.rbi.org.in. B) Https://www.rbi.org.com. C) Https://www.rbi.org.in. D) Https://paisaboltahai.rbi.org.com. Show Answer Correct Answer: A) Https://paisaboltahai.rbi.org.in. 17. When did the National Housing Bank start its operations? A) July, 1994. B) July, 1982. C) July, 1984. D) July, 1988. Show Answer Correct Answer: D) July, 1988. 18. A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will A) Stop payment. B) Performs no action. C) Not act on the request. D) Note caution and will advice the payee to contact purchaser of the draft. Show Answer Correct Answer: D) Note caution and will advice the payee to contact purchaser of the draft. 19. Which is the largest private sector bank in India? A) South Indian Bank. B) HDFC Bank. C) ICICI Bank. D) Axis Bank. Show Answer Correct Answer: C) ICICI Bank. 20. The formal way of lending includes lending from? A) RRB. B) Co-operative Banks. C) Public Sector Banks andPrivate Sector Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. In which year "Indian Overseas Bank" was formed? A) 1937. B) 1931. C) 1939. D) 1935. Show Answer Correct Answer: A) 1937. 22. BFS- Board for Financial Supervision constituted in 1994 by RBI to undertake consolidated supervision of A) Commercial Banks. B) Financial Institutions. C) Non Banking Finance Companies. D) All the above. Show Answer Correct Answer: D) All the above. 23. What is the cost of credit expressed as a percentage on a yearly basis called? A) WPI. B) APY. C) APR. D) None of these. Show Answer Correct Answer: C) APR. 24. When did the Government initiate the process of amalgamation of RRBs in a phased manner? A) March, 2009. B) June, 2010. C) September, 2005. D) October, 2001. Show Answer Correct Answer: C) September, 2005. 25. Which of the following acts as Regulators for Credit rating agencies in India? A) SIDBI. B) RBI. C) NSDL. D) SEBI. Show Answer Correct Answer: D) SEBI. 26. Which of the following bank launches India's first Mobile ATM? A) HDFC Bank. B) SBI. C) Axis Bank. D) ICICI Bank. Show Answer Correct Answer: D) ICICI Bank. 27. National Institute of Bank Management is the institute meant for..... A) Training of bank employees in Banking. B) Recruitment of Bank Employees at all levels. C) Providing Management personnel to the Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. Bill of Exchange, Promissory Notes and Cheques are defined as A) Trust Receipts. B) Negotiable Instruments. C) Documents of Title of Goods. D) All of these. Show Answer Correct Answer: B) Negotiable Instruments. 29. Which of the following is a part of the core sector? A) Textiles. B) Real Estate. C) Chemicals. D) Machine Manufacturing. Show Answer Correct Answer: D) Machine Manufacturing. 30. Open-market operations of Reserve Bank of India refer to? A) Auctioning. B) Trading in securities. C) Transaction in gold. D) All of these. Show Answer Correct Answer: B) Trading in securities. ← 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