This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Banking Codes and Standards Board of India was registered on 18th February, 2006 under which of the following RBI Act? A) Banking Regulation Act. B) Cooperative Societies Act. C) The Societies RegistrationAct, 1860. D) None of these. Show Answer Correct Answer: C) The Societies RegistrationAct, 1860. 2. Which of the following is not a primary function of a Bank? A) Arranging VISA for students for abroad education. B) Granting loans. C) Selling Gold/Silver Coins. D) Issuing bank drafts. Show Answer Correct Answer: A) Arranging VISA for students for abroad education. 3. In which year "Punjab National Bank" was formed? A) 19th May 1896. B) 19th May 1898. C) 19th May 1894. D) 19th May 1901. Show Answer Correct Answer: C) 19th May 1894. 4. What is the most powerful tool used by the Reserve Bank of India to control inflation? A) Reduce interest rates. B) Raise current supply. C) Reduce current supply. D) Raise interest rates. Show Answer Correct Answer: D) Raise interest rates. 5. In which year "Nainital Bank Limited" was formed? A) 1951. B) 1954. C) 1953. D) 1952. Show Answer Correct Answer: B) 1954. 6. Finance is a field that deals with the study of..... A) Rules. B) Money. C) Investments. D) None of these. Show Answer Correct Answer: D) None of these. 7. Call Money, Notice Money and Term Money markets are sub-markets of the ..... A) USA Money Market. B) Indian Money Market. C) Japan Money Market. D) All of the above. Show Answer Correct Answer: B) Indian Money Market. 8. 'One Family one Bank' is the tagline of which Bank? A) Bank ofMaharashtra. B) Indian Bank. C) Bank of India. D) Union Bank of India. Show Answer Correct Answer: A) Bank ofMaharashtra. 9. What is the tagline of HDFC Bank? A) One Family One Bank. B) India's International Bank. C) We understand your world. D) One Family One Bank. Show Answer Correct Answer: C) We understand your world. 10. Which among the following is known as prepaid negotiable instrument? A) Bankers cheque/ Pay order. B) Fixed deposit. C) Cheque. D) Promissory note. Show Answer Correct Answer: A) Bankers cheque/ Pay order. 11. Maximum amount of Cheque A) No limit. B) Rs.200 crore. C) Rs.1 crore. D) Rs.150 crore. Show Answer Correct Answer: A) No limit. 12. The SARFAESI Act 2002 empowers Banks / Financial Institutions to recover their non-performing assets (bad loans) without the intervention of the Court. In "SARFAESI" second "S" stands for ..... A) Share. B) Security. C) Securitisation. D) Saving. Show Answer Correct Answer: B) Security. 13. The duration of fund raising from the commercial banks to the extent of RIDFs shortfall in agricultural lending is ..... A) Daily. B) Weekly. C) Yearly. D) Monthly. Show Answer Correct Answer: C) Yearly. 14. Which is the first Indian bank started solely with Indian capital investment? A) Punjab National Bank. B) Canara Bank. C) Central Bank of India. D) State Bank of India. Show Answer Correct Answer: A) Punjab National Bank. 15. A bank include in the second schedule of RBI is called as A) Cooperative Bank. B) National Bank. C) Commercial Bank. D) Scheduled Bank. Show Answer Correct Answer: D) Scheduled Bank. 16. What happens when a bank dishonours a cheque? A) It is called nullifying of the cheque. B) It is called settlement of the cheque. C) It is called withdrawing of the cheque. D) It is called return of the cheque unpaid. Show Answer Correct Answer: D) It is called return of the cheque unpaid. 17. Where is the Bank of International Settlement headquartered? A) France. B) Belgium. C) Germany. D) Switzerland. Show Answer Correct Answer: D) Switzerland. 18. Who works as RBI's agent at places where it has no office of its own? A) Ministry of Finance. B) Government of India. C) State Bank of India. D) International Monetary Fund. Show Answer Correct Answer: C) State Bank of India. 19. With reference to a cheque which of the following is the 'drawee bank'? A) The bank upon which the cheque is drawn. B) The payee's bank. C) The bank that collects the cheque. D) The endorser's bank. Show Answer Correct Answer: A) The bank upon which the cheque is drawn. 20. Which is the first bank to introduce ATM in India? A) HSBC. B) State Bank of India. C) United Bank of India. D) Standard Chartered Bank. Show Answer Correct Answer: A) HSBC. 21. The committee that recommended the introduction of electronic clearing services? A) Rangarajan Committee. B) Saraf Committee. C) Kapoor Committee. D) Shere Committee. Show Answer Correct Answer: B) Saraf Committee. 22. What is a stale cheque? A) A cheque which has completed 3 months from the date of its issue. B) A cheque issued without drawer's signature. C) A cheque with only signature of the drawer. D) Any one of the above. Show Answer Correct Answer: A) A cheque which has completed 3 months from the date of its issue. 23. In which year "Bank of India" was formed? A) 1906. B) 1905. C) 1908. D) 1907. Show Answer Correct Answer: A) 1906. 24. Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks? A) NABARD. B) SIDBI. C) LIC. D) SBI. Show Answer Correct Answer: D) SBI. 25. Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per provisions of which of the following Act? A) RBI Act. B) Negotiable Instrument Act 1881. C) Banking Regulation Act. D) Limitation Act. Show Answer Correct Answer: C) Banking Regulation Act. 26. The ownership structure of Regional Rural Banks (RRBs) comprises of A) Central Govt., State Govt. and Sponsor Bank. B) Sponsor Bank, Reserve Bank of India and NABARD. C) Central Govt., State Govt., Reserve Bank of India (RBI). D) Sponsor Bank, Reserve Bank of India (RBI) and State Govt. Show Answer Correct Answer: A) Central Govt., State Govt. and Sponsor Bank. 27. The co-operative bank is governed by the banking regulation Act 1949 and co-operative societies Act of A) 1975. B) 1965. C) 1955. D) 1985. Show Answer Correct Answer: B) 1965. 28. Which one of the following is known as a Savings Bank Account opened with a commercial bank with zero balance or very minimal balance? A) Savings Bank-ordinary Account. B) No frill account. C) Students Savings Bank Account. D) Current Account. Show Answer Correct Answer: B) No frill account. 29. Which one of the following allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments? A) IBS. B) CBS. C) POS. D) DBS. Show Answer Correct Answer: C) POS. 30. In which year "Indian Bank" was formed? A) 15th August 1905. B) 15th August 1907. C) 15th August 1909. D) 15th August 1903. Show Answer Correct Answer: B) 15th August 1907. ← 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 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