This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 21 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. On which date, RBI started working? A) 31 March 1934. B) 1 April 1935. C) 1 January 1934. D) 1 January 1935. Show Answer Correct Answer: B) 1 April 1935. 2. Which is the largest commercial bank of the country? A) Union Bank of India. B) Canara Bank. C) Bank of India. D) State Bank of India. Show Answer Correct Answer: D) State Bank of India. 3. When did the Government appoint for transfer of stake? A) 5 April. B) 29 June. C) 1 April. D) 26 May. Show Answer Correct Answer: B) 29 June. 4. India's first "talking" Automated Teller Machine (ATM) for visually impaired located in..... A) Kolkata. B) Ahmedabad. C) Pune. D) New Delhi. Show Answer Correct Answer: B) Ahmedabad. 5. J.S. Verma Committee Report relates to A) Bank Mechanization. B) Corporate Governance. C) Strengthening of weak banks. D) All of the above. Show Answer Correct Answer: C) Strengthening of weak banks. 6. When did the Centre acquire the Reserve Bank of India's entire 59.73 % equity stake in the State Bank of India (SBI) at over Rs. 35,531 crore in New Delhi? A) September 30, 2005. B) June 29, 2007. C) April 5, 2006. D) May 26, 2006. Show Answer Correct Answer: B) June 29, 2007. 7. When was the first Land Mortgage Bank established? A) 1925. B) 1920. C) 1930. D) 1915. Show Answer Correct Answer: B) 1920. 8. What is Yield Curve Risk? A) Yield curve changes its slope and shape from time to time. B) It is a line of graph plotting the yield of all maturities of a particular instrument. C) Yield curve can be twisted to the desired direction through the intervention of RBI. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. As per the Banking Ombudsman Scheme, any person can file a complaint before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of ..... A) Three months. B) One month. C) Six months. D) Two months. Show Answer Correct Answer: B) One month. 10. The network for common data communication for banks and FIs launched by RBI? A) BANKNET. B) INTERNET. C) INFINET. D) SWIFT. Show Answer Correct Answer: A) BANKNET. 11. The salient features of Bank, defined in terms of Banking Regulation Act stipulate that a bank must engage in .....? A) Accepting deposits (Resources). B) Lending or Investing the Resources. C) Both (a) and (b). D) Lending the Resources. Show Answer Correct Answer: C) Both (a) and (b). 12. Many times we read a term "ECB" in financial newspapers. What is the full form of ECB? A) External Credit and Business. B) Essential Credit and Borrowing. C) External Commercial Borrowing. D) Essential Commercial Borrowing. Show Answer Correct Answer: C) External Commercial Borrowing. 13. Interest rate "Savings deposit" now a days is decided by A) SBI. B) Respective Banks. C) IBA. D) RBI. Show Answer Correct Answer: B) Respective Banks. 14. The RBI sanctioned the amalgamation of the Centurion Bank with the HDFC Bank on ..... A) June 30, 2009. B) March 31, 2009. C) May 23, 2008. D) August 13, 2008. Show Answer Correct Answer: C) May 23, 2008. 15. India is a member of the International Monetary Fund since ..... A) 1949. B) 1952. C) 1945. D) 1947. Show Answer Correct Answer: D) 1947. 16. Which one of the following is used when describing the monthly charges on a mortgage? A) PITI. B) FII. C) BIS. D) CPI. Show Answer Correct Answer: A) PITI. 17. Which among the following was the first bank to open a branch on foreign soil? A) Bank of India. B) Allahabad Bank. C) Bank of Punjab. D) State Bank of India. Show Answer Correct Answer: A) Bank of India. 18. The primary relationship between the banker and the customer is that of A) Lesser and lessee. B) Principal and agent. C) Debtor and Creditor. D) Trustee and beneficiary. Show Answer Correct Answer: C) Debtor and Creditor. 19. In which year "Punjab National Bank In Lahore" was formed? A) 1865. B) 1895. C) 1885. D) 1875. Show Answer Correct Answer: B) 1895. 20. In which year was the Banking Regulation Act passed? A) 1949. B) 1959. C) 1945. D) 1955. Show Answer Correct Answer: A) 1949. 21. Which bank has launched the fist contactless debit, credit and multi-currency forex card? A) ICICI Bank. B) Axis Bank. C) HDFC Bank. D) SBI. Show Answer Correct Answer: B) Axis Bank. 22. Excessively soiled, brittle or burnt notes can be exchanged on A) Issue Office of RBI. B) Commercial bank branches. C) Commercial bank headquarters. D) None of the above. Show Answer Correct Answer: A) Issue Office of RBI. 23. Certificate of deposits have a minimum value of.....? A) Rs 200 lakh. B) Rs 1 crore. C) Rs 10 lakh. D) Rs 1 lakh. Show Answer Correct Answer: D) Rs 1 lakh. 24. Bank of Rajasthan was merged with A) ICICI. B) SBI. C) HDFC. D) IDBI. Show Answer Correct Answer: A) ICICI. 25. What does RBI regulate through Open Market Operation Transactions? A) Flow of Foreign Direct Investment. B) Inflation. C) Liquidity in economy. D) Borrowing powers of the banks. Show Answer Correct Answer: C) Liquidity in economy. 26. The expansion of BIFR, in the context of the Indian Industry is A) Board for Industrial and Financial Reconstruction. B) Bureau for Industrial and Financial Reconstruction. C) Board for Investment and Financial Reconstruction. D) Bureau for Investment and Financial Reconstruction. Show Answer Correct Answer: A) Board for Industrial and Financial Reconstruction. 27. According to the recommendation of the 14th Finance Commission, the Share of states in the centre's tax revenue is increased from 32 % to ..... A) 44 %. B) 42 %. C) 43 %. D) 41 %. Show Answer Correct Answer: B) 42 %. 28. What is the full form of FINO? A) Farmers' Inclusion News and Operations. B) Financial Inclusion Network and Operations. C) Farmers' Investment in National Organization. D) Financial Investment Network and Operations. Show Answer Correct Answer: B) Financial Inclusion Network and Operations. 29. Which of the following is not the part of organized sector of India Money Market? A) Non-Banking Financial Companies. B) Reserve Bank of India. C) Mutual Funds. D) Chit Funds. Show Answer Correct Answer: D) Chit Funds. 30. In which year "General Bank of India" was established? A) 1786. B) 1740. C) 1847. D) 1821. Show Answer Correct Answer: A) 1786. ← 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