This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 16 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Government increased the maturity period on G-Sec bonds to A) 20 years. B) 10 years. C) 40 years. D) 30 years. Show Answer Correct Answer: C) 40 years. 2. What will bank customers pay for using safe deposit locker facilities? A) Commission on locker. B) Safe custody charges. C) Exchange on locker. D) Rent on locker. Show Answer Correct Answer: D) Rent on locker. 3. Whose signature is there on one Rupee note? A) Finance Secretary. B) Governor, RBI. C) Finance Minister. D) Governor, SBI. Show Answer Correct Answer: A) Finance Secretary. 4. 'Imperial Bank of India' was the old name of A) Bank of Baroda. B) Allahabad Bank. C) State Bank of India. D) Reserve Bank of India. Show Answer Correct Answer: C) State Bank of India. 5. Which of the following is not a function of commercial bank? A) Deciding policy rates like CRR, Repo rates/SLR etc. B) Settlement of payments on behalf of the customers. C) Providing project finance. D) Selling mutual funds. Show Answer Correct Answer: B) Settlement of payments on behalf of the customers. 6. Fixed deposits cannot be A) Transferred to third parties. B) Pre-paid before the maturity date. C) Renewed for a further period on maturity date. D) None of these. Show Answer Correct Answer: A) Transferred to third parties. 7. With whom does the ownership of Public sector banks rest? A) Wholly with Government of India. B) Jointly with Government of India and State Bank of India. C) Jointly with Government of India and Reserve Bank of India. D) Jointly with Government of India and share-holders from the public. Show Answer Correct Answer: D) Jointly with Government of India and share-holders from the public. 8. Which is the largest foreign bank in India? A) HSBC Ltd. B) DBS Bank Ltd. C) Standard Chartered Bank. D) American Express Bank Ltd. Show Answer Correct Answer: C) Standard Chartered Bank. 9. When did the draft guidelines for building grievance redressal mechanism within NBFCs (Non-Banking Financial Companies) publish? A) April 5, 2006. B) September 30, 2005. C) May 26, 2006. D) June 29, 2007. Show Answer Correct Answer: C) May 26, 2006. 10. Know Your Customer (KYC) guidelines expect banks to? A) Know the financial details of the customer. B) Know the locational details of the customer. C) Know the family details of the customer. D) Know the educational details of the customer. Show Answer Correct Answer: A) Know the financial details of the customer. 11. What are NEFT and RTGS about? A) Electronic payment products within a bank. B) Various deposit products. C) Electronic fund transfer from bank to bank. D) Cheque truncation process. Show Answer Correct Answer: C) Electronic fund transfer from bank to bank. 12. In which year "Union Bank of India" was formed? A) 11 November 1912. B) 11 November 1915. C) 11 November 1907. D) 11 November 1919. Show Answer Correct Answer: D) 11 November 1919. 13. In which year "Reserve Bank of India" was formed? A) 1931. B) 1932. C) 1934. D) 1933. Show Answer Correct Answer: C) 1934. 14. The main function of an Asset Management Company is to A) Act on behalf of SEBI. B) Hold its property for the benefitof the unit holders. C) Hold the securities of variousschemes. D) Manage the funds by makinginvestments in various typesof securities. Show Answer Correct Answer: D) Manage the funds by makinginvestments in various typesof securities. 15. In which year "Yes Bank" was formed? A) 2003. B) 2002. C) 2004. D) 2001. Show Answer Correct Answer: A) 2003. 16. In which year "UCO Bank" was formed? A) 1943. B) 1941. C) 1944. D) 1942. Show Answer Correct Answer: A) 1943. 17. Which among the following are the correct locations of three presidency banks during British India? A) Calcutta, Madras, Bombay. B) Surat, Madras, Bombay. C) Bombay, Surat, Calcutta. D) Surat, Calcutta, Madras. Show Answer Correct Answer: A) Calcutta, Madras, Bombay. 18. The Negotiable instrument is ..... A) Cheque. B) Demand Draft. C) Bill of Exchange. D) All of the above. Show Answer Correct Answer: D) All of the above. 19. Payment of a coupon cannot be done upon a income opposite of bank if a coupon is A) Cross. B) Order. C) Bearer. D) All of these. Show Answer Correct Answer: A) Cross. 20. Functions of Banks are governed by? A) Traditions in India. B) Indian Contract Act. C) FEMA. D) Banking Regulation Act. Show Answer Correct Answer: D) Banking Regulation Act. 21. Which one of the following is the Federal regulatory agency that charters and supervises Federal credit unions? A) CAG. B) ARC. C) AIRCSC. D) NCUA. Show Answer Correct Answer: D) NCUA. 22. Which is known as the arrangement when more than one banks allow credit facilities to one party in cordination with each other? A) Amortization. B) Subvention. C) Consortium. D) Moratorium. Show Answer Correct Answer: C) Consortium. 23. The interest on recurring deposit is paid on the basis of A) Interest calculated on daily product basis. B) Quarterly compounding. C) Simple interest calculated monthly basis. D) Simple interest on monthly product basis. Show Answer Correct Answer: B) Quarterly compounding. 24. What is nomination? A) A facility given to depositors by the Government. B) It is a process of appointing legal heir by the depositors. C) It confers a right to the nominee to receive payment of a deposit after death of depositors. D) It is a part of will on behalf of a depositor. Show Answer Correct Answer: C) It confers a right to the nominee to receive payment of a deposit after death of depositors. 25. The basic functions of the bank are? A) Lending or investing the funds so collected from the customers. B) Acceptance of Deposits from the public. C) Both (a) and (b). D) Lending to customers. Show Answer Correct Answer: C) Both (a) and (b). 26. Public Sector Banks include? A) 14 Nationalized Banks + 6 SBI Associates + 7 Private Banks. B) 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI. C) 20 Nationalized Banks + 6 Private Banks. D) 19 Nationalized Banks + State Bank of India + 6 SBI Associates. Show Answer Correct Answer: B) 20 Nationalized Banks + State Bank of India + 5 SBI Associates + IDBI. 27. The soon to be set up proposed Micro Units Development Refinance Agency (Mudra) Bank will be first set up as a subsidiary of the A) SBI. B) SIDBI. C) EXIM bank. D) NABARD. Show Answer Correct Answer: B) SIDBI. 28. Land Development Banks form a part of the? A) Food Corporation of India. B) Commercial Banks. C) Cooperative Credit Structure. D) Industrial Development Bank of India. Show Answer Correct Answer: C) Cooperative Credit Structure. 29. What matters most during a run on the bank, is .....? A) The number of depositors. B) Safety of bank. C) The solvency of the bank. D) The liquidity of the bank. Show Answer Correct Answer: D) The liquidity of the bank. 30. On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India? A) Banking Regulation Act Section 17. B) Negotiable Instruments Act Section 1. C) RBI Act Section 2(2). D) Banking Regulation Act Section 5(b). Show Answer Correct Answer: D) Banking Regulation Act Section 5(b). ← 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