This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 19 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 19 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. CRR funds are kept by the Banks in.....? A) Balance with other banks. B) Cash in hands at branches. C) Funds in the currency chest. D) Balance in a special accounts with RBI. Show Answer Correct Answer: D) Balance in a special accounts with RBI. 2. The headquarter of NIIF(National Investment and Infrastructure Fund) will be located in ..... A) New Delhi. B) Bengaluru. C) Mumbai. D) Chennai. Show Answer Correct Answer: C) Mumbai. 3. The Bombay Stock Exchange (BSE) is Asia's .....stock exchange. A) First. B) Third. C) Fourth. D) Second. Show Answer Correct Answer: D) Second. 4. In which year "Bank of Upper India" was formed? A) 1864. B) 1861. C) 1863. D) 1862. Show Answer Correct Answer: C) 1863. 5. In which year, the first bank of India "Bank of Hindustan" was established? A) 1780. B) 1785. C) 1775. D) 1770. Show Answer Correct Answer: D) 1770. 6. Which one of the following is a credit information company in India? A) CARE. B) ICRA. C) CIBIL. D) ONICRA. Show Answer Correct Answer: C) CIBIL. 7. Which among the following banks has launched "Dhanchayat" an educational film to raise awareness on the dangers of borrowing money from unorganised sources? A) SBI. B) HDFC. C) ICICI. D) Axis. Show Answer Correct Answer: C) ICICI. 8. Currency Chests are A) Store houses of RBI for banknotes and small coins. B) Store houses of RBI for banknotes and rupee coins. C) Store houses of commercial banks for banknotes and small coins. D) Store houses of commercial banks for banknotes and rupee coins. Show Answer Correct Answer: D) Store houses of commercial banks for banknotes and rupee coins. 9. When a bank returns a cheque unpaid, it is called A) Dishonour of the cheque. B) Payment of the cheque. C) Cancelling of the cheque. D) Drawing of the cheque. Show Answer Correct Answer: A) Dishonour of the cheque. 10. The subsidiary banks attached to the State Bank are A) State Bank of Hyderabad. B) State Bank of Mysore. C) State Bank of Saurashtra. D) All of the above. Show Answer Correct Answer: D) All of the above. 11. In which year "Oriental Bank of Commerce" was formed? A) 19th February 1941. B) 19th February 1942. C) 19th February 1943. D) 19th February 1944. Show Answer Correct Answer: C) 19th February 1943. 12. When did the Government of India appoint a committee under the chairmanship of Shri M.Narasimham to strengthen the banking system? A) September, 2005. B) April, 1998. C) December, 1997. D) May, 2006. Show Answer Correct Answer: C) December, 1997. 13. In India, currency notes are issued by A) Reserve Bank of India. B) State Bank of India. C) Finance Ministry. D) Financial Secretary. Show Answer Correct Answer: A) Reserve Bank of India. 14. In which year "Union Bank" was established? A) 1821. B) 1845. C) 1839. D) 1828. Show Answer Correct Answer: C) 1839. 15. Which among the following accounts are allowed to be operated by cheques? A) Current Account and Loan Account. B) Savings and Current Account. C) Fixed Deposit Account and Loan Account. D) Savings Account and Fixed Deposit Account. Show Answer Correct Answer: B) Savings and Current Account. 16. Identify the Basel III norms from following that, recently RBI has extended the timeline for implementation for banks in India ..... A) Market discipline. B) Leverage ratio to 3 %. C) Minimum regulatory capital requirement. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Which of the following institutions issues a 3-digit number ranging from 300-900 which reflects the credit profile of individuals? A) CRISIL. B) CAMELS. C) CIBIL. D) CARE. Show Answer Correct Answer: C) CIBIL. 18. In which year "Catholic Syrian Bank" was formed? A) 26th November 1925. B) 26th November 1930. C) 26th November 1935. D) 26th November 1920. Show Answer Correct Answer: D) 26th November 1920. 19. Minimum period of fixed deposit is.....days and maximum period for which a bank can accept a deposit presently is.....years? A) 7 -30. B) 7 -10. C) 7 -20. D) 7 -40. Show Answer Correct Answer: B) 7 -10. 20. Reserve Bank of India (RBI) has constituted a committee to prepare a 5 year action plan to spread the reach of financial services across country to unbanked population. The committee will be headed by A) Urjit Patel. B) Anand Siha. C) Deepak Mohanty. D) KC Chakraborty. Show Answer Correct Answer: C) Deepak Mohanty. 21. Certificate of Deposit can be issued by .....? A) Reserve Bank, NABARD and Exim Bank only. B) Commercial banks and term lending institutions. C) Scheduled commercial banks excluding regional rural banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 22. What does letter 'U' stand for in abbreviation 'ULIP'? A) Urban. B) Underwriting. C) Unit. D) Unified. Show Answer Correct Answer: C) Unit. 23. Loan taken by the person, not telling the purpose of taking loan is called? A) Impersonal Loan. B) Personal Loan. C) NPA. D) Concealed Loan. Show Answer Correct Answer: B) Personal Loan. 24. Nationalization of banks took place in India in how many phases? A) 4. B) 1. C) 2. D) 3. Show Answer Correct Answer: C) 2. 25. Which one of the following requires lenders to provide standardized information? A) TILA. B) RESPA. C) NCUA. D) UCC. Show Answer Correct Answer: A) TILA. 26. NBFCs are an important part of the Indian financial system. what is meant by this term? A) Neo Banking Financial Confederation. B) Non banking Fiscal Companies. C) Non Banking Financial Companies. D) New Banking Financial Companies. Show Answer Correct Answer: C) Non Banking Financial Companies. 27. In which year "Corporation Bank" was formed? A) 3 January 1906. B) 23 August 1906. C) 12 March 1906. D) 19 July 1906. Show Answer Correct Answer: C) 12 March 1906. 28. Reserve Bank of India is? A) Central bank. B) Rural bank. C) Cooperative bank. D) Commercial bank. Show Answer Correct Answer: A) Central bank. 29. Which of the following is the best option to park money for a long period of time to earn a high rate of interest? A) Current account. B) Recurring account. C) Savings account. D) Deposit account. Show Answer Correct Answer: D) Deposit account. 30. Which bank was baptised as the State Bank of India? A) Imperial Bank of India. B) United Bank of India. C) Indian Bank. D) New Bank of India. Show Answer Correct Answer: A) Imperial Bank of India. ← 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