This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. First bank in India to launch its interactive banking service through Dish TV A) HSBC. B) HDFC Bank. C) ICICI Bank. D) Axis Bank. Show Answer Correct Answer: B) HDFC Bank. 2. According to which guidelines did the Government pick up the entire SBI shares held by the RBI? A) Financial Regulations. B) Securities Commission. C) National Stock Exchange of India. D) Securities and Exchange Board of India (SEBI). Show Answer Correct Answer: D) Securities and Exchange Board of India (SEBI). 3. When did the government acquire RBI's shareholding (72.5 %) in NABARD? A) August, 2008. B) May, 2008. C) March, 2009. D) June, 2008. Show Answer Correct Answer: D) June, 2008. 4. RBI can carry out inspection of any bank under section ..... of Banking Regulation Act. A) 33. B) 35. C) 31. D) 37. Show Answer Correct Answer: B) 35. 5. The largest bank Imperial bank was nationalized in 1955 and rechristened as State Bank of India on the recommendation of which committee? A) Chelliah Committee. B) Rangarajan Committee. C) Rekhi Committee. D) Gorewala Committee. Show Answer Correct Answer: D) Gorewala Committee. 6. Quantitative instrument of the RBI can be A) Bank Rate Policy. B) Cash Reserve Ratio. C) Statutory Liquidity Ratio. D) All of these. Show Answer Correct Answer: D) All of these. 7. The Reserve Bank of India was established on ..... A) April 12, 1939. B) April 1, 1935. C) July 12, 1982. D) May 26, 2006. Show Answer Correct Answer: B) April 1, 1935. 8. Punjab National Bank was established in ..... A) 1890. B) 1917. C) 1894. D) 1922. Show Answer Correct Answer: C) 1894. 9. Co-operative Societies Act..... A) 1912. B) 1914. C) 1911. D) 1913. Show Answer Correct Answer: A) 1912. 10. In 1982, the rural planning and credit cell (RPCC) of reserve bank of India was merged in which of the following banks? A) NABARD. B) SIDBI. C) IDBI. D) RRBs. Show Answer Correct Answer: A) NABARD. 11. An account holder draws a cheque on a ..... A) Banker of the Payee. B) Banker of the Endorsee. C) Banker of the Drawee. D) Banker of the Drawer. Show Answer Correct Answer: D) Banker of the Drawer. 12. Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning? A) Bangalore Stock Exchange. B) Calcutta Stock Exchange. C) Delhi Stock Exchange. D) Bombay Stock Exchange. Show Answer Correct Answer: C) Delhi Stock Exchange. 13. Which country started first plastic notes? A) Australia. B) Austria. C) Argentina. D) Afghanistan. Show Answer Correct Answer: A) Australia. 14. Who provides refinance facilities to RRBs? A) RBI. B) Government of India. C) NABARD. D) SIDBI. Show Answer Correct Answer: C) NABARD. 15. How much quantity of coins to be minted decided by A) RBI. B) SBI. C) Union government. D) IRDA. Show Answer Correct Answer: C) Union government. 16. Where is the head office of Syndicate Bank located? A) Bangalore. B) Kolkata. C) Mumbai. D) Manipal. Show Answer Correct Answer: D) Manipal. 17. Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). BBB will start functioning from ..... A) 31st December 2015. B) 1st April 2016. C) 1st January 2016. D) 31st March 2016. Show Answer Correct Answer: B) 1st April 2016. 18. Which is the first Indian bank to get ISO? A) Canara Bank. B) State Bank of India. C) Punjab National Bank. D) Central Bank of India. Show Answer Correct Answer: A) Canara Bank. 19. What is 'fiat money'? A) The currency is backed by budgetary support. B) The currency is backed by Government Guarantee. C) The currency is backed by gold reserves. D) The currency is backed by tangible assets. Show Answer Correct Answer: B) The currency is backed by Government Guarantee. 20. What is the full form of EFT? A) Efficient Funds Transfer. B) Electronic Foreign Transfer. C) Electronic Funds Transfer. D) Effective Funds Transfer. Show Answer Correct Answer: C) Electronic Funds Transfer. 21. A banknote is also known as a ..... A) Bill. B) Paper money. C) Simply a note. D) All of these. Show Answer Correct Answer: D) All of these. 22. Which one of the subsidiary banks was merged with the State Bank of India on August 13, 2008? A) State Bank of Hyderabad. B) State Bank of Saurashtra. C) State Bank of Mysore. D) State Bank of Indore. Show Answer Correct Answer: B) State Bank of Saurashtra. 23. Who headed the committee on Credit Information Reports (CIRs)? A) Raghuram Rajan. B) K.V Kamath. C) Aditya Puri. D) Kaushik Basu. Show Answer Correct Answer: C) Aditya Puri. 24. What is the name of technology given to the recently introduced computerised clearance of cheques A) Special clearning. B) Automatic clearance. C) Speedline System. D) MICR. Show Answer Correct Answer: D) MICR. 25. Which one of the following is controlled by the world wide web? A) Virtual Banking. B) Universal banking. C) Wholesale Banking. D) None of these. Show Answer Correct Answer: A) Virtual Banking. 26. Which of the following section defines offence of money laundering? A) Section 1. B) Section 2. C) Section 3. D) Section 4. Show Answer Correct Answer: C) Section 3. 27. The Holidays for the Banks are declared as per which of the following Act A) Negotiable instrument Act -1881. B) Banking Regulation Act - 1949. C) Reserve bank Act. D) Company Act. Show Answer Correct Answer: A) Negotiable instrument Act -1881. 28. Electronic fund transfers like RTGS and NEFT are operated and maintained by ..... A) National Payments Corporation of India (NPCI). B) Reserve Bank of India (RBI). C) Clearing Corporation of India Limited (CCIL). D) Bharat Bill Payment System (BBPS). Show Answer Correct Answer: B) Reserve Bank of India (RBI). 29. Tier-II capital consists of A) Subordinated debt, hybrid debt capital instruments. B) General provisions, loss reserves and revaluation reserves. C) Undisclosed reserves and cumulative perpetual preference shares. D) All of the above. Show Answer Correct Answer: D) All of the above. 30. In CDR, "R" stands for ..... A) Reserve. B) Receipt. C) Restructuring. D) Ratio. Show Answer Correct Answer: C) Restructuring. ← 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 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