This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 20 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which year "UTI Bank(Now Axis Bank)" was formed? A) 1993. B) 1994. C) 1992. D) 1991. Show Answer Correct Answer: B) 1994. 2. Which of the following tools is used by the RBI to control credit and monetary situations of the markets? A) ECS. B) RTGS. C) CRR. D) NEFT. Show Answer Correct Answer: C) CRR. 3. Where is RBI head office located? A) New Delhi. B) Kolkata. C) Mumbai. D) Chennai. Show Answer Correct Answer: C) Mumbai. 4. Which among the following body authorizes the credit limit to the national cooperative marketing federation? A) NABARD. B) Department of agriculture. C) Reserve bank of India. D) Department of finance. Show Answer Correct Answer: A) NABARD. 5. Among the following which were the first rulers in India to issue coins which can be definitely attributed to the kings? A) Shakas. B) Indo-Greeks. C) Parthians. D) Kushans. Show Answer Correct Answer: B) Indo-Greeks. 6. Which of the following are to be followed by Commercial Banks for risk management? A) Basel I norms. B) Basel II norms. C) Solvency II norms. D) Basel III norms. Show Answer Correct Answer: B) Basel II norms. 7. The minimum number of women required for formation of women groups under Development of women and children in Rural Areas Programme is? A) 20. B) 15. C) 5. D) 10. Show Answer Correct Answer: D) 10. 8. Oudh Commercial Bank was founded in ..... A) 1917. B) 1894. C) 1881. D) 1913. Show Answer Correct Answer: C) 1881. 9. Indian Financial Network [INFINET] is the A) Closed user group network of SBI and its subsidiaries. B) Association of the employers of the banking and financial sector. C) Communication backbone for the Indian Banking and Financial sector. D) All of the above. Show Answer Correct Answer: C) Communication backbone for the Indian Banking and Financial sector. 10. What is a 'Debit card'? A) It is a card issued by a rating agency. B) It is card which carries prepaid balance. C) It is a card which can be used for making STD calls. D) It is a card which can be used for withdrawing cash or making payment if there is balance in the account. Show Answer Correct Answer: D) It is a card which can be used for withdrawing cash or making payment if there is balance in the account. 11. Which of the followings are against Clean Note Policy of RBI? A) Banks not sorting notes into - Reissuables and Non-issuables - while issuing to public. B) Stapling and/or writing on notes. C) Issuing Soiled notes to public. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. If a company which is not a non - banking financial company wants to collect public deposits, it is governed by ..... Act A) Banking companies Act. B) Companies Act 1956. C) Central Government. D) RBI Act 1934. Show Answer Correct Answer: B) Companies Act 1956. 13. What will be the impact if Reserve Bank of India reduces the Bank Rate by 1 %? A) More liquidity in the market. B) Mobilisation of more deposits by commercial banks. C) Less liquidity in the market. D) No change in the market liquidity. Show Answer Correct Answer: A) More liquidity in the market. 14. Which one of the following pools money from various investors in order to purchase securities? A) Fund derivative. B) Pension fund. C) Money fund. D) Mutual fund. Show Answer Correct Answer: D) Mutual fund. 15. Bank branches which can undertake foreign exchange business directly are known as in foreign exchange. A) Foreign dealers. B) Approved dealers. C) Authorized dealers. D) Exchange branches. Show Answer Correct Answer: C) Authorized dealers. 16. Capital markets are also kown as..... A) Financial markets. B) Share Markets. C) Financial institution. D) All of the above. Show Answer Correct Answer: A) Financial markets. 17. ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with..... A) Loans. B) Capital Market. C) World Bank Grants. D) Ponzi Schemes. Show Answer Correct Answer: B) Capital Market. 18. Which was the second bank in India with limited liability? A) Punjab National Bank. B) New Bank of India. C) Imperial Bank of India. D) State Bank of India. Show Answer Correct Answer: A) Punjab National Bank. 19. In which year "Canara Hindu Permanent Fund" was formed? A) 01st July 1914. B) 01st July 1909. C) 01st July 1906. D) 01st July 1910. Show Answer Correct Answer: C) 01st July 1906. 20. As per the notification by Reserve Bank of India (RBI) on 6th Aug'15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission? A) Rural Areas. B) Semi-Rural Areas. C) Semi-Urban Areas. D) Urban Areas. Show Answer Correct Answer: D) Urban Areas. 21. Which is the first bank to introduce mutual fund? A) Punjab National Bank. B) ICICI Bank. C) State Bank of India. D) Bank of Baroda. Show Answer Correct Answer: C) State Bank of India. 22. What are Masala Bonds? A) Domestically traded bond in dollars. B) Rupee dominated bondstraded oversees. C) Oversees traded bond in oversees currency. D) Rupee dominated bondstraded domestically. Show Answer Correct Answer: B) Rupee dominated bondstraded oversees. 23. What is the highest denomination bank note that RBI can issue as per provisions of RBI Act? A) Rs. 13000. B) Rs. 1000. C) Rs. 10000. D) Rs. 5000. Show Answer Correct Answer: C) Rs. 10000. 24. What does crossing of cheques make them? A) Remain the same. B) Ineligible to endorse to a person other than the payee. C) Invalid document. D) Ineligible to get cash across the bank counter. Show Answer Correct Answer: B) Ineligible to endorse to a person other than the payee. 25. What is the validity of "Kisan Credit Card" ? A) 2 year. B) 1 year. C) 3 year. D) 4 year. Show Answer Correct Answer: C) 3 year. 26. Electronic banking has opened new banking channels like? A) ATM banking. B) Internet banking. C) Telephone banking. D) All of these. Show Answer Correct Answer: D) All of these. 27. According to the Socio Economic and Caste Census (SECC) which among the following states in India has highest per cent of Urban BPL households? A) Bihar. B) Sikkim. C) Manipur. D) Jharkhand. Show Answer Correct Answer: C) Manipur. 28. How many digits are there in IFSC Code? A) 13. B) 12. C) 11. D) 14. Show Answer Correct Answer: C) 11. 29. What does the letter 'R' denote in the abbreviation 'BR Act' which controls banking activities in the country? A) Rule. B) Reformation. C) Reclamation. D) Regulation. Show Answer Correct Answer: D) Regulation. 30. Indian Trusts Act..... A) 1881. B) 1883. C) 1882. D) 1880. Show Answer Correct Answer: C) 1882. ← 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