This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 12 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. NEFT is useful because A) The beneficiary need not visit his/ her bank for depositing the paper instruments. B) The remitter need not send the physical cheque or Demand Draft to the beneficiary. C) Cost effective. D) All the above. Show Answer Correct Answer: D) All the above. 2. If the stock markets are declining then it is called as ..... A) Bear run. B) Bull run. C) Stage. D) Down run. Show Answer Correct Answer: A) Bear run. 3. Banks have to declare CAR in their balance sheet. What is the full form of CAR? A) Court Appointed Receiver. B) Computer Assisted Reporting. C) Capital At Risk. D) Capital Adequacy Ratio. Show Answer Correct Answer: D) Capital Adequacy Ratio. 4. What is the full form of FSDC? A) Fiscal Stability and Development Council. B) Financial Stability and Development Council. C) Financial Security and Development Council. D) Financial Security and Development Convention. Show Answer Correct Answer: B) Financial Stability and Development Council. 5. Minimum cash reserves fixed by law constitute ..... A) A percentage of capital & reserves of the bank. B) A percentage of aggregate deposits of the bank. C) A percentage of aggregate loans and advances of the bank. D) All of the above. Show Answer Correct Answer: B) A percentage of aggregate deposits of the bank. 6. What is the minimum capital requirement for New Banks in the Private Sector? A) Rs. 250 crore. B) Rs. 500 crore. C) Rs. 750 crore. D) Rs. 1000 crore. Show Answer Correct Answer: B) Rs. 500 crore. 7. What do well can an arrangement whereby an issuing bank at the request of the importer (Buyer) undertakes to make payment to the exporter (Beneficiary) against stipulated documents? A) Bill of country. B) Letter of credit. C) Bill of exchange. D) Letter of exchange. Show Answer Correct Answer: B) Letter of credit. 8. Whose signature is there on 10 Rupee note? A) Finance Secretary. B) Governor, SBI. C) Finance Minister. D) Governor, RBI. Show Answer Correct Answer: D) Governor, RBI. 9. Which of the following are Bank advances of a Bank? A) Overdrawn accounts. B) Non-performing Assets. C) Out of order accounts. D) Bad debts. Show Answer Correct Answer: B) Non-performing Assets. 10. CAPART is associated with which of the following? A) Energy sector. B) Foreign trade. C) Infrastructure. D) Rural Developement. Show Answer Correct Answer: D) Rural Developement. 11. The Reserve Bank hiked the limit for foreign investment in Asset Reconstruction Companies (ARCs) from the earlier cap of 49 per cent to? A) 76 %. B) 72 %. C) 78 %. D) 74 %. Show Answer Correct Answer: D) 74 %. 12. What is the maximum value to be stored in a prepaid card? A) Rs. 10,000. B) No limit. C) Rs. 50,000. D) Rs. 5,000. Show Answer Correct Answer: C) Rs. 50,000. 13. If Reserve Bank of India hikes interest rates by 25 basis points in its monetary policy, then a commercial bank would like to increase it's interest rates on loans by 25 basis points of.....? A) Saving account interest rate. B) Repo rate. C) Prime Lending Rate. D) Base rate. Show Answer Correct Answer: D) Base rate. 14. Which one of the following is a set of statutes enacted to provide consistency among the States' commercial laws? A) NSC. B) ARC. C) AIRSCS. D) UCC. Show Answer Correct Answer: D) UCC. 15. 'Subprime lending' is a term applied to the loans made to ..... A) Those borrowers who do not have a good debit history. B) Those borrowers who have a good credit history. C) Those borrowers who do not have a good credit history. D) Those borrowers who have a good debit history. Show Answer Correct Answer: C) Those borrowers who do not have a good credit history. 16. In which year "Karur Vysya Bank" was formed? A) 1916. B) 1913. C) 1910. D) 1920. Show Answer Correct Answer: A) 1916. 17. Which of the following cooperative bank is considered as the first cooperative bank in India? A) Anyonya Cooperative Bank. B) Abhyudaya Cooperative Bank Limited. C) Ahmedabad Mercantile Cooperative Bank Limited. D) Amanath Cooperative Bank Limited. Show Answer Correct Answer: A) Anyonya Cooperative Bank. 18. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control A) Tax Evasion. B) Terrorism. C) Avoiding frauds in ATMs. D) Money Laundering. Show Answer Correct Answer: D) Money Laundering. 19. Which movement encouraged the formation of commercial banks? A) Swadeshi movement. B) Non Cooperation Movement. C) Quit India Movement. D) Civil Disobedience Movement. Show Answer Correct Answer: A) Swadeshi movement. 20. Indian Stamp Act..... A) 1881. B) 1902. C) 1889. D) 1907. Show Answer Correct Answer: C) 1889. 21. The Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as the A) UBOR. B) Base rate. C) Exchange rate. D) Inter bank Call money rate. Show Answer Correct Answer: C) Exchange rate. 22. A rate of exchange established between any two currencies on the basis of the respective quotation of each currency in terms of a third currency is known as A) Composite rate. B) Wash rate. C) Cross rate. D) Merchant rate. Show Answer Correct Answer: C) Cross rate. 23. One can enjoy the "overdraft facility" in A) Recurring Account. B) Fixed Deposit Account. C) Saving Account. D) Current Account. Show Answer Correct Answer: D) Current Account. 24. Which country launched world first Facial recognition ATM? A) China. B) Canada. C) Japan. D) US. Show Answer Correct Answer: A) China. 25. Which one of the following gives consumers the right to see their credit records and correct mistakes? A) FCRA. B) FOIA. C) FACTA. D) FDCPA. Show Answer Correct Answer: A) FCRA. 26. Mutual funds are regulated in India by which among the following? A) RBI. B) SEBI. C) RBI and SEBI. D) Stock exchange. Show Answer Correct Answer: B) SEBI. 27. In that sort of account, banks in all don't compensate interest A) Saving Account. B) Current Account. C) Fixed Deposit Account. D) Interest is regularly upon credit in all sorts of account. Show Answer Correct Answer: B) Current Account. 28. Which is the financial year of Reserve Bank of India? A) April-March. B) July-June. C) October-September. D) January-December. Show Answer Correct Answer: A) April-March. 29. Which bank began its operations in Oct - 2015? A) IDLI. B) IDFC. C) Bandhan bank. D) Shreeram Financers. Show Answer Correct Answer: B) IDFC. 30. The Basic Committee has defined capital in two Tiers (Tier-I and Tier-II). Tier-I capital is known as A) Working capital. B) Gross capital. C) Net capital. D) Core capital. Show Answer Correct Answer: D) Core capital. ← 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