This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 4 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which year "Syndicate Bank" was formed? A) 1915. B) 1925. C) 1945. D) 1935. Show Answer Correct Answer: B) 1925. 2. Which of the following defines 'Para Banking' services? A) Services provided to armed forces personnel. B) Utility services provided by banks. C) Services provided through business correspondents. D) Eligible financial services rendered by banks. Show Answer Correct Answer: B) Utility services provided by banks. 3. Who all can hire a locker in a bank? A) Individuals. B) Two persons jointly. C) Limited companies and societies. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. 'Ways and Means" advances are provided by Reserve Bank of India only to A) State Government. B) Central Government. C) Both (a) and (b). D) None of these. Show Answer Correct Answer: C) Both (a) and (b). 5. Which was the first in India with limited liability? A) Imperial Bank of India. B) State Bank of India. C) Oudh Commercial Bank. D) Punjab National Bank. Show Answer Correct Answer: C) Oudh Commercial Bank. 6. Expand DRI related to a scheme meant for weaker section of our country. A) Different ration for IndiAns. B) Different rate of interest. C) Differential rate of interest. D) Different rate of interest-bond. Show Answer Correct Answer: C) Differential rate of interest. 7. When was RBI nationalized? A) 1950. B) 1947. C) 1948. D) 1949. Show Answer Correct Answer: D) 1949. 8. Under which section of the Reserve Bank of India Act, the RBI has the sole right of note issue? A) Section 24. B) Section 22. C) Section 23. D) Section 21. Show Answer Correct Answer: B) Section 22. 9. A debt becomes time-barred after A) Four years. B) Three years. C) Two years. D) One year. Show Answer Correct Answer: B) Three years. 10. Which among the following is incorrect? A) RBI does not regulate the flow of credit. B) RBI is Banker's Bank. C) RBI acts as Banker to the Government. D) RBI is the Bank of Issue. Show Answer Correct Answer: A) RBI does not regulate the flow of credit. 11. What is the current sign of indian rupee? A) B. Rs. B) INR. C) Indian rupee. D) None of above. Show Answer Correct Answer: A) B. Rs. 12. Which one of the following set up core banking infrastructure for rural banks? A) SIDBI. B) RBI. C) NABARD. D) IBA. Show Answer Correct Answer: C) NABARD. 13. The performance of which scheme does the National Housing Bank monitor? A) Golden Jubilee Rural Housing Finance Scheme. B) Liberalized Finance Scheme. C) Energy Efficient Housing Finance Scheme. D) Finance scheme for indirect loans. Show Answer Correct Answer: A) Golden Jubilee Rural Housing Finance Scheme. 14. CIBIL as a credit bureau caters to A) Consumer segments. B) Commercial segments. C) Nationalized Banks only. D) Both commercial and consumersegments. Show Answer Correct Answer: D) Both commercial and consumersegments. 15. What is the full form of CBS? A) Core Banking System. B) Core Banking Solution. C) Core Banking Service. D) Core Banking Software. Show Answer Correct Answer: B) Core Banking Solution. 16. Which one of the following requires lenders to provide "good faith" estimates of settlement costs? A) RESPA. B) TILA. C) NCUA. D) FOIA. Show Answer Correct Answer: A) RESPA. 17. According to the risk diversification principle of bank lending, diversification should be in terms of A) Customer base. B) Nature of business. C) Geographic location. D) All of these. Show Answer Correct Answer: D) All of these. 18. Which among the following statement is incorrect about SEBI? A) Mutual fund regulator. B) Capital market regulator. C) Regulates the credit rating agencies in India. D) None of these. Show Answer Correct Answer: D) None of these. 19. In which of the following States there is no Regional Rural Bank? A) Goa. B) Punjab. C) Karnataka. D) Uttarakhand. Show Answer Correct Answer: A) Goa. 20. Which one of the following organisations has been set up to facilitate connectivity between the Bank's switches and their ATMs, and inter bank payment gateway for authentication and routing the paymen A) SIDBI. B) IRDA. C) IDRBT. D) IBA. Show Answer Correct Answer: C) IDRBT. 21. Who is primarily liable on a cheque? A) Drawer. B) Collecting banker. C) Payee. D) Drawee banker. Show Answer Correct Answer: A) Drawer. 22. When did the Government of India set up the Export-Import Bank of India? A) January, 1993. B) June, 1969. C) January, 1982. D) March, 1971. Show Answer Correct Answer: C) January, 1982. 23. What was the initial share capital of Reserve Bank of India? A) Rs. 5 Crore. B) Rs. 15 Crore. C) Rs. 25 Crore. D) Rs. 35 Crore. Show Answer Correct Answer: A) Rs. 5 Crore. 24. Which is the biggest Commercial bank of India? A) State Bank of India. B) Bank of Baroda. C) United Commercial Bank. D) Punjab National Bank. Show Answer Correct Answer: A) State Bank of India. 25. The following are main objectives of the SEBI A) To regulate the security market. B) To protect interest of investors. C) To promote the development of security market. D) All of the above. Show Answer Correct Answer: D) All of the above. 26. A scheduled bank must be A) An institution notified by GOI. B) A company as defined by companies act, 2013. C) A corporative or company incorporated by any law in force in any place in India. D) All of the above. Show Answer Correct Answer: D) All of the above. 27. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be A) Branded with a stamp COUNTERFEIT BANKNOTE. B) Recorded in a separate register under authentication. C) Acknowledged in the prescribed format of RBI and issued to the tenderer. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. The Kisan Credit Card Scheme is being implemented by all A) Regional Rural Banks. B) Public Sector Commercial Banks. C) State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks. D) All of the above. Show Answer Correct Answer: D) All of the above. 29. Global Rating Agency Fitch has downgraded Viability Rating (VR) by one notch to 'bb' of which among the following banks? A) Bank of Baroda. B) Canara Bank. C) State Bank of India. D) Punjab National Bank. Show Answer Correct Answer: D) Punjab National Bank. 30. First Bank in India to launch Talking ATMs for differently-able person? A) Union Bank of India. B) UCO Bank. C) HDFC bank. D) State Bank of India. Show Answer Correct Answer: A) Union 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 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