This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 18 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Where is National Institute of Bank Management (NIBM) located? A) New Delhi. B) Pune. C) Nasik. D) Mumbai. Show Answer Correct Answer: B) Pune. 2. What is the maximum denomination of currency note that can be issued by RBI? A) Rs. 50,000. B) Rs. 5,000. C) Rs. 10,000. D) Rs. 1,000. Show Answer Correct Answer: C) Rs. 10,000. 3. USSD stands for? A) Unstructured Supplementary Service Data. B) Unstructured Supplementary Stolen Data. C) Universal Supplementary Service Data. D) Unstructured Standard Service Data. Show Answer Correct Answer: A) Unstructured Supplementary Service Data. 4. Volume and value of banknotes to be printed each year is determined by A) GDP growth. B) Inflation rate. C) Reserve Stock requirements. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. Small Industries Development Bank of India (SIDBI) provides refinance facilities under ARS. What is the full form of ARS? A) Automatic Refinance Solution. B) Automatic Refinance Scheme. C) Allocation and Refinance Scheme. D) Allocation and Refinance Solutions. Show Answer Correct Answer: B) Automatic Refinance Scheme. 6. PJ Naik committee is related to A) Refinancing weak banks. B) Licensing to private bank. C) Governance of bank boards. D) Privatization of nationalized banks. Show Answer Correct Answer: C) Governance of bank boards. 7. Infusion of liquidity, by RBI, is done through ..... from / to banks under a ..... transaction. A) Lending, repo. B) Lending, reverse repo. C) Borrowing, repo. D) Borrowing, reverse repo. Show Answer Correct Answer: A) Lending, repo. 8. Nomination was introduced in banks by amendment in which of the following act. A) Banking Regulation Act. B) Companies Act. C) Negotiable Instruments Act. D) RBI Act. Show Answer Correct Answer: A) Banking Regulation Act. 9. In which year "HDFC Bank" was formed? A) August 1988. B) August 1990. C) August 1994. D) August 1992. Show Answer Correct Answer: C) August 1994. 10. In which year "City Union Bank" was formed? A) 1904. B) 1902. C) 1901. D) 1903. Show Answer Correct Answer: A) 1904. 11. When the loan is guaranteed for purchase of white goods it is called.....? A) Business loan. B) Consumer durable loan. C) White goods loan. D) Consumption loan. Show Answer Correct Answer: B) Consumer durable loan. 12. Flexi deposits means? A) Call Deposit. B) Fixed deposits. C) Hybrid deposits. D) Floating Rate of Interest deposits. Show Answer Correct Answer: C) Hybrid deposits. 13. What is the maximum monthly pension for the subscribers under Atal Pension Yojana? A) Rs 5000. B) Rs 3000. C) Rs 4000. D) Rs 2000. Show Answer Correct Answer: A) Rs 5000. 14. Which among the following is an unsecured promissory notes? A) Loan. B) Commercial papers. C) Certificate of deposits. D) None of the above. Show Answer Correct Answer: B) Commercial papers. 15. In which year "Federal Bank Limited" was formed? A) 1949. B) 1947. C) 1951. D) 1945. Show Answer Correct Answer: D) 1945. 16. Financial institution that does not supervised by a national or international banking regulatory agency? A) Reserve Bank of India. B) IDBI. C) NBFI. D) ICICI. Show Answer Correct Answer: C) NBFI. 17. Crossing on a cheque can be cancelled by the ..... of the cheque, under his full signature. A) Holder. B) Drawer. C) Payee. D) Drawee. Show Answer Correct Answer: B) Drawer. 18. What is the full form of 'FINO', a term we see frequently in financial newspapers? A) Farmers Inclusion News and Operations. B) Financial Inclusion Network and Operations. C) Farmer's Investment in National Organization. D) Financial Investment Network and Operations. Show Answer Correct Answer: D) Financial Investment Network and Operations. 19. Which is the first bank to introduce Internet banking? A) ICICI Bank. B) Punjab National Bank. C) Canara Bank. D) State Bank of India. Show Answer Correct Answer: A) ICICI Bank. 20. Which one of the following provides banking services to all villages having a population upto 2000? A) Plan for Financial Inclusion Technology. B) Plan for Financial Exclusion. C) Plan for Financial Inclusion. D) None of the above. Show Answer Correct Answer: A) Plan for Financial Inclusion Technology. 21. Which of the following is not a characteristic of a Soiled Note? A) Notes in more than two pieces. B) Became dirty. C) Notes in two pieces, but the cut is not passed through the number panels. D) Slightly cut. Show Answer Correct Answer: A) Notes in more than two pieces. 22. Chairman of Banks are decided by A) Finance Ministry. B) Corporate Ministry. C) Commerce Ministry. D) RBI. Show Answer Correct Answer: A) Finance Ministry. 23. A cheque bearing the date earlier than the date of submission to the banks is known as..... A) Bearer Cheque. B) Crossed Cheque. C) State Cheque. D) Post Dated Cheque. Show Answer Correct Answer: D) Post Dated Cheque. 24. Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug'15? A) Seven Plan. B) BankNiti. C) Maulik Niti. D) Indradhanush. Show Answer Correct Answer: D) Indradhanush. 25. Which one of the following is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds? A) Repo Rate. B) Benchmark Prime Lending Rate. C) Annual Percentage Rate. D) Bank Rate. Show Answer Correct Answer: A) Repo Rate. 26. As per KYC Policy, the list of terrorist organizations is supplied to the Banks by the A) CIBIL. B) RBI. C) IBA. D) Government of India. Show Answer Correct Answer: B) RBI. 27. Which of the following is known as cross selling by Banks? A) Sale of Insurance policy to a depositor. B) Sale of a debit card to a credit card holder. C) Issuance of Cash against Cheque presented by a third party. D) None of these. Show Answer Correct Answer: A) Sale of Insurance policy to a depositor. 28. Which public sector bank of India is the first fully Indian bank, established by the Indian capital? A) Punjab National Bank. B) State Bank of India. C) Central Bank of India. D) Bank of Baroda. Show Answer Correct Answer: A) Punjab National Bank. 29. Which is the instrument used by RBI under general credit control? A) CRR. B) Bank Rate. C) SLR. D) Exchange Control. Show Answer Correct Answer: B) Bank Rate. 30. Which one of the following depicts the financial position of a bank or business enterprise at a given point of time? A) Cash flow statement. B) Balance sheet. C) Income statement. D) Model audit. Show Answer Correct Answer: B) Balance sheet. ← 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