This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 17 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the full form of CVV? A) Call Verification Value. B) Card Verification Value. C) Credit Verification Value. D) None of these. Show Answer Correct Answer: B) Card Verification Value. 2. Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued by A) ADB. B) World Bank. C) WTO. D) IMF. Show Answer Correct Answer: D) IMF. 3. Legal amount in a cheque stands for A) Amount in words. B) Amount written as not over. C) Amount in figures. D) Amount in words in figures, whichever is higher. Show Answer Correct Answer: A) Amount in words. 4. Which bank launched smart star account? A) IDBI Bank. B) HSBC. C) ICICI Bank. D) HDFC Bank. Show Answer Correct Answer: C) ICICI Bank. 5. Time deposits means .....? A) Time deposits do not include deposits under Home Loan Account Scheme. B) Time deposits include overdue fixed deposits. C) Time deposits do not include recurring deposits as well. D) The deposits which are lent to bank for a fixed period. Show Answer Correct Answer: D) The deposits which are lent to bank for a fixed period. 6. When Repo rate is reduced by RBI, it leads to A) Reduction in cost of borrowing by banks from RBI. B) Increase in cost of loans to borrowers from banks. C) Reduction of cost to borrowers on loans from banks. D) Increase in cost of borrowing by banks from RBI. Show Answer Correct Answer: A) Reduction in cost of borrowing by banks from RBI. 7. In which year "Jammu & Kashmir Bank" was formed? A) 1922. B) 1938. C) 1933. D) 1926. Show Answer Correct Answer: B) 1938. 8. The Royal Commission on Indian Currency and Finance was also known as ..... A) Muddiman Committee. B) Buttler Commission. C) Hilton-Young Commission. D) Hartog Commission. Show Answer Correct Answer: C) Hilton-Young Commission. 9. To promote the concept of charity towards the poor and the needy, the Indian government has been regularly encouraging people to donate and this donation can also be claimed as a deduction under..... A) Section 80E. B) Section 80F. C) Section 80G. D) Section 80. Show Answer Correct Answer: C) Section 80G. 10. The Bankers'Books Evidence Act..... A) 1891. B) 1901. C) 1871. D) 1881. Show Answer Correct Answer: A) 1891. 11. Which bank was united with the Punjab National Bank in 1993? A) New Bank of India. B) Imperial Bank of India. C) Oudh Commercial Bank. D) Punjab and Sind Bank. Show Answer Correct Answer: A) New Bank of India. 12. Which among the following bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country? A) SBI Bank. B) Axis Bank. C) HDFC Bank. D) ICICI Bank. Show Answer Correct Answer: D) ICICI Bank. 13. Demand draft is a A) Not negotiable instrument. B) Not transferable instrument. C) Negotiable instrument. D) Quasi-negotiable instrument. Show Answer Correct Answer: C) Negotiable instrument. 14. Which of the following is a reason for inflation? A) Deficit financing. B) Structural deficiencies. C) Growth in per capita income. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which of the following is not a banking term? A) Letter of credit. B) Factoring services. C) Entry load. D) MIBOR. Show Answer Correct Answer: C) Entry load. 16. Research Institutions set up by Reserve Bank of India are A) NIBM (National Institute of Bank Management), Pune. B) IGIDR(Indira Gandhi Institute of Development Research), Mumbai. C) IDRBT (Institute for Development and Research in Ban- king Technology), Hyderabad. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. When the bank lends money to the customer, the relationship, of the customer and banker is..... A) Principle - Agent. B) Creditor and Debtor. C) Debtor and Creditor. D) All of these. Show Answer Correct Answer: C) Debtor and Creditor. 18. According to CSO's estimates at what percent Indian economy is likely to grow during fiscal 2014-15? A) 7.4 %. B) 7.2 %. C) 7.6 %. D) 7.8 %. Show Answer Correct Answer: A) 7.4 %. 19. Which one of the following belongs to Bank Capitalization? A) Basel III norms. B) Solvency II norms. C) Basel II norms. D) Basel I norms. Show Answer Correct Answer: A) Basel III norms. 20. In which year "Dena Bank" was formed? A) 26th May 1936. B) 26th May 1940. C) 26th May 1942. D) 26th May 1938. Show Answer Correct Answer: D) 26th May 1938. 21. The banker has a lien on .....? A) Bonds given for safe custody. B) Bonds given for collection. C) Both (a) and (b). D) Bonds left by mistake. Show Answer Correct Answer: B) Bonds given for collection. 22. Which became the first bank globally to launch m-Visa. A service in which a person can transit cardless A) SBI. B) ICICI. C) IOB. D) HDFC. Show Answer Correct Answer: B) ICICI. 23. A loan bearing low rate of interest is known as .....? A) Hard loan. B) Soft loan. C) Capital Loan. D) Real Loan. Show Answer Correct Answer: B) Soft loan. 24. An adjustable-rate mortgage loan in which the borrower pays a very low initial interest rate, which increases after a few years is referred to as A) Teaser Loan. B) Soft Loan. C) Early Bird Loan. D) Promo Loan. Show Answer Correct Answer: A) Teaser Loan. 25. When did the banking crisis of 1913-1917 end? A) 1969. B) 1949. C) 1979. D) 1959. Show Answer Correct Answer: B) 1949. 26. Societies Registration Act..... A) 1890. B) 1942. C) 1860. D) 1905. Show Answer Correct Answer: C) 1860. 27. What is the minimum amount to be invested under Sukanya Samriddhi Scheme? A) Rs. 1500. B) No ceiling. C) Rs. 1000. D) Rs. 500. Show Answer Correct Answer: C) Rs. 1000. 28. Who issues 'Commercial Papers'? A) Banks to Companies. B) Company to its suppliers. C) Banks to Banks. D) A Company to a Bank. Show Answer Correct Answer: C) Banks to Banks. 29. The software that is used for a centralised environment in banking operations is called A) Centralized business solutions. B) Core banking situations. C) Centralized banking solutions. D) Central branch solutions. Show Answer Correct Answer: C) Centralized banking solutions. 30. Which of the following banks is limited to the needs of agriculture and rural finance? A) RBI. B) IFC. C) SBI. D) NABARD. Show Answer Correct Answer: D) NABARD. ← 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