This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Issue Offices of RBI are those places from where A) RBI issues coins to the bank branches. B) RBI issues banknotes to the bank branches. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 2. A banker' lien is governed by A) Negotiable Instrument Act. B) Banking Regulation Act. C) Transfer of Property Act. D) Bankers' Books Evidence Act. Show Answer Correct Answer: C) Transfer of Property Act. 3. Which agency is exclusively concerned with the credit needs of all types of agricultural and rural development? A) Industrial Development Bank of India. B) NABARD. C) State Bank of India. D) Reserve Bank of India. Show Answer Correct Answer: B) NABARD. 4. Under whose chairmanship did RBI constitute a Working Group for making balance of payments manual? A) Anand Sinha. B) Deepak Mohanty. C) Harun Rashid Khan. D) Kamalesh Chandra Chakrabarty. Show Answer Correct Answer: B) Deepak Mohanty. 5. To restrict expansion of credit, the Reserve Bank A) Freezes the bank rate. B) Raises the bank rate. C) Reduces the bank rate. D) None of these. Show Answer Correct Answer: B) Raises the bank rate. 6. Headquarters of World Bank A) Vienna. B) Washington DC. C) New York. D) Geneva. Show Answer Correct Answer: C) New York. 7. UNICEF stand for United Nations Children's Fund and a Nonprofit organization Its headquartered situated in.....? A) Japan. B) New Delhi. C) USA. D) New York. Show Answer Correct Answer: D) New York. 8. The commercial paper can be issued by .....? A) Corporates. B) Every non-banking company. C) IDBI. D) Reserve Bank of India. Show Answer Correct Answer: A) Corporates. 9. In which year "Allahabad Bank" was formed? A) 1875. B) 1865. C) 1855. D) 1885. Show Answer Correct Answer: B) 1865. 10. In the matter of handling bills of exchange for collection, the relationship between customer and the bank is A) Bailor and bailee. B) Principal and agent. C) Trustee and the beneficiary. D) All of the above. Show Answer Correct Answer: B) Principal and agent. 11. As a bank officer, you shall not open a ..... account in the name of minor customer? A) Saving account. B) Current Account. C) Fixed Deposit Account. D) Not open any of the above accounts. Show Answer Correct Answer: B) Current Account. 12. Which of the following types of ATMs eliminates the need for PIN entry and authenticated customer transactions by thumb impressions? A) Off-site ATMs. B) White Label ATMs. C) Biometric ATMs. D) On-site ATMs. Show Answer Correct Answer: C) Biometric ATMs. 13. BCSBI stands for A) Credit and debit cards. B) Recovery of bad loans. C) Cash collection from the parties. D) Opening and closing of accounts. Show Answer Correct Answer: D) Opening and closing of accounts. 14. What is Call Money? A) Money borrowed for more than one day but up to 3 days. B) Money borrowed for more than one day but up to 7 days. C) Money borrowed for more than one day but up to 14 days. D) Money borrowed or lent for a day or over night. Show Answer Correct Answer: D) Money borrowed or lent for a day or over night. 15. Illiterate Persons are allowed to open? A) Current account. B) Savings account. C) Not allowed to open bank account. D) Only savings account (without cheque facility) or fixed deposit account. Show Answer Correct Answer: D) Only savings account (without cheque facility) or fixed deposit account. 16. As per SEBI guidelines, the maximum shares buy-back period has been reduced to ..... months from ..... months. A) 12 months to 9 months. B) 12 months to 6 months. C) 6 months to 3 months. D) 9 months to 6 months. Show Answer Correct Answer: B) 12 months to 6 months. 17. City Union Bank Headquarter situated in.....? A) Tamil Nadu. B) Asam. C) New Delhi. D) Maharashtra. Show Answer Correct Answer: A) Tamil Nadu. 18. In finance and economics, a monetary authority is the entity which controls the..... A) Finincial institution. B) Money supply of a given currency. C) Bank working and its Functionality. D) None of these. Show Answer Correct Answer: B) Money supply of a given currency. 19. Who is the founder of Punjab National Bank? A) Bhagat Singh. B) Lala Rajpat Rai. C) Bipin Chandra Pal. D) Bal Gangadhar Tilak. Show Answer Correct Answer: B) Lala Rajpat Rai. 20. Which one of the following is called the frequent changes made by Banks in their product profile? A) Product Enrichment. B) Product Enhancement. C) Product Control. D) Product Marketing. Show Answer Correct Answer: D) Product Marketing. 21. What does RBI do if a Re.1 note is issued by Government of India? A) RBI put into circulation. B) RBI object the issuance. C) RBI asks banks to not to support for circulation. D) RBI converts Re.1 in to higher denomination of Rs.10 and more. Show Answer Correct Answer: A) RBI put into circulation. 22. NABARD support lending to farmers, rural artisans and other non farmers in rural areas through..... A) Co-operative Banks. B) Regional Rural Banks. C) Land Development Banks. D) All the Above. Show Answer Correct Answer: D) All the Above. 23. In Online Banking information processing system, A touchscreen is a/an.....? A) Input device. B) Touch device. C) Output device. D) All of the above. Show Answer Correct Answer: A) Input device. 24. Credit cards are cards which are also known as A) Card money. B) Plastic cards. C) Plastic cards full of money. D) All of the above. Show Answer Correct Answer: B) Plastic cards. 25. The Special Economic Zones (SEZ) Act was passed by Parliament in..... A) June, 2004. B) May, 2004. C) May, 2005. D) June, 2002. Show Answer Correct Answer: C) May, 2005. 26. What is the term used for a deposit with a bank that locks up money for a certain period but also provides an option of premature withdrawal which may attract a penalty? A) Current deposit. B) Savings bank deposit. C) Recurring deposit. D) Term deposit. Show Answer Correct Answer: D) Term deposit. 27. What is MZM in money market? A) Money with zero maturity. B) Money with highest return. C) Money with sovereign guarantee. D) Monetary base or total currency. Show Answer Correct Answer: A) Money with zero maturity. 28. Which of the following is known as the concept of a standard contract to buy or sell a specified commodity at a certain date in future and at a market driven price? A) Market Contract. B) Futures Contract. C) Forward Contract. D) Standard Contract. Show Answer Correct Answer: B) Futures Contract. 29. Which one of the following is a set of United State statutes added as Title VIII of the Consumer Credit Protection Act? A) FACTA. B) FDCPA. C) FOIA. D) FCRA. Show Answer Correct Answer: B) FDCPA. 30. Which bank approved loan to help India in improving Rail services? A) World Bank. B) BRICS Development Bank. C) Asian Development Bank. D) African Development Bank. Show Answer Correct Answer: C) Asian Development Bank. ← PreviousNext →Related QuizzesFinance QuizzesBanking Awareness And Sebi Quiz 1Banking Awareness And Sebi Quiz 2Banking 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