This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 2 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. CRR is required to maintain in the form of .....? A) Cash with RBI. B) Cash with bank. C) Approved Government Securities. D) All the above. Show Answer Correct Answer: A) Cash with RBI. 2. In which year "Vijaya Bank" was formed? A) 23rd October, 1932. B) 23rd October, 1931. C) 23rd October, 1934. D) 23rd October, 1933. Show Answer Correct Answer: B) 23rd October, 1931. 3. Banking Ombudsman services are available to A) Regional Rural Banks. B) All Scheduled Commercial Banks. C) Scheduled Primary Co-operative Banks. D) All the above. Show Answer Correct Answer: D) All the above. 4. Bitcoin is a..... A) Payment system. B) Internet Service Provider. C) Term used in share market. D) None of these. Show Answer Correct Answer: A) Payment system. 5. Which among the following public sector banks, has its headquarters in Kolkata? A) UCO Bank. B) Corporation Bank. C) Oriental Bank of Commerce. D) Syndicate Bank. Show Answer Correct Answer: A) UCO Bank. 6. A cheque is payable on A) Demand. B) A fixed future date. C) Happening of certain event. D) 24 hours after presentation. Show Answer Correct Answer: A) Demand. 7. Banks disclose the information about their borrowers to RBI under Provisions of A) Section 45 of Banking Regulation Act. B) Directives of RBI. C) Section 45-C, RBI Act. D) Directions of Finance Ministry. Show Answer Correct Answer: C) Section 45-C, RBI Act. 8. What does the acronym DICGC mean? A) District Industries Centre and Government College. B) Department of Insurance in Central Govt. Company. C) Deposit Insurance and Credit Guarantee Corporation. D) Deputy Inspector & Commissioner General for Commodities Trading. Show Answer Correct Answer: C) Deposit Insurance and Credit Guarantee Corporation. 9. In which year "Karnataka Bank Limited" was formed? A) 1924. B) 1922. C) 1923. D) 1921. Show Answer Correct Answer: A) 1924. 10. What is the full form of SWIFT? A) Safe Window Institute For Transactions. B) Society for Worldwide Interbank Financial Telecommunication. C) Safe Window for Interbank Financial Transactions. D) Safe Window In case of Financial Transaction. Show Answer Correct Answer: B) Society for Worldwide Interbank Financial Telecommunication. 11. Which one of the following is known as the real return to the investor getting reduced due to sudden rise in the prices of the commodities? A) Cost risk. B) Market risk. C) Demand risk. D) Systemic risk. Show Answer Correct Answer: B) Market risk. 12. When was the first nationalization of banks done? A) 8thOctober, 1960. B) 2ndOctober, 1974. C) 1stJuly, 1959. D) 19thJuly, 1969. Show Answer Correct Answer: D) 19thJuly, 1969. 13. What are the various means of Electronic Payment Systems? A) ATM card. B) Debit card. C) Credit card andSmart card. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Which one of the following helps the consumers protect their credit identities and recover from identity theft? A) FOIA. B) FACTA. C) FCRA. D) FDCPA. Show Answer Correct Answer: B) FACTA. 15. Which of the following is the amount of Funds borrowed by the government to meet the expenditures? A) Fiscal policy. B) Public finance. C) Current account. D) Fiscal Deficit. Show Answer Correct Answer: D) Fiscal Deficit. 16. What is the name of the platform launched by State Bank of India (SBI) that enables customers to book their foreign exchange transactions online? A) SBI eforex. B) SBI eshare. C) SBI eonline. D) SBI emoney. Show Answer Correct Answer: A) SBI eforex. 17. Bombay Stock Exchange index 'Sensex' is based on the value of top ..... blue chip of shares. A) 20. B) 30. C) 40. D) 10. Show Answer Correct Answer: B) 30. 18. Term 'Cash Retraction' is mainly used in..... A) ATM's. B) NEFT. C) RTGS. D) None of these. Show Answer Correct Answer: A) ATM's. 19. A cheque returned for insufficiency of funds. Payee will have right to notice and approach court of law for justice under section 138 of which act? A) Indian Contract Act. B) Criminal Procedure Code. C) Negotiable Instrument Act. D) Payment and Settlement Act. Show Answer Correct Answer: C) Negotiable Instrument Act. 20. Which temple in India has opened up a Demat account to accept donations from devotees in the form of shares and securities? A) Vaisho Devi Temple. B) Tirumala Venkateswara Temple. C) Tryambkeshwar Temple. D) Shirdi Sai Temple. Show Answer Correct Answer: B) Tirumala Venkateswara Temple. 21. RBI has the legal right to issue bank notes, under which act? A) Coinage Act. B) Banking Regulation Act. C) Companies Act. D) RBI Act. Show Answer Correct Answer: D) RBI Act. 22. Which of the following are benefited through the Reserve mortgage scheme? A) Minors. B) Senior citizens. C) Government employees. D) All the above. Show Answer Correct Answer: B) Senior citizens. 23. Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India? A) Discount Window. B) Bank Rate. C) Overnight Rate. D) Monetary Policy. Show Answer Correct Answer: B) Bank Rate. 24. When bank accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as.....? A) Bond. B) Mortgage. C) Term deposit. D) Demand Deposit. Show Answer Correct Answer: C) Term deposit. 25. Which of the following is not included in 'CAMELS' A) Liquidity and Systems. B) Employees Performance. C) Capital Adequacy and Asset Quality. D) Management and Earing Performance. Show Answer Correct Answer: B) Employees Performance. 26. Customer Day in the bank is on and customers are allowed to meet the top officials of the bank on this day in every month A) 15th. B) 5th. C) 20th. D) 10th. Show Answer Correct Answer: A) 15th. 27. Who signs on 1 Rupee currency note? A) The President. B) Governor of RBI. C) Finance Minister. D) Finance Secretary. Show Answer Correct Answer: D) Finance Secretary. 28. In which year "Kotak Mahindra Bank" was formed? A) 1985. B) 1990. C) 1995. D) 1980. Show Answer Correct Answer: A) 1985. 29. Section 9 of the Banking Regulation Act prohibits the banking Companies from holding any immovable property except for its own use for a period of not more property. The RBI may extend this period for A) 5 years. B) 1 year. C) 3 years. D) 7 years. Show Answer Correct Answer: A) 5 years. 30. First Indian bank to open a branch outside India is..... A) Bank of India. B) Punjab National Bank. C) Canara Bank. D) State Bank of India. Show Answer Correct Answer: A) Bank of India. ← PreviousNext →Related QuizzesFinance QuizzesBanking Awareness And Sebi Quiz 1Banking 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 9Banking Awareness And Sebi Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books