This quiz works best with JavaScript enabled. Home > Finance > Banking > Banking Awareness And Sebi – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Banking Awareness And Sebi Quiz 7 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. India's central banking institution, which controls the monetary policy of the Indian rupee. A) Reserve Bank of India (RBI). B) Bombay Stock Exchange. C) Central Bank of India. D) Govt. of India. Show Answer Correct Answer: A) Reserve Bank of India (RBI). 2. On which rate bases, overnight money is needed by bank from RBI? A) Bank rate. B) Repo rate. C) Reverse repo. D) MSF. Show Answer Correct Answer: D) MSF. 3. RBI uses bank rate in order to control ..... A) Liquidity. B) Cash holdings of banks. C) Financial position of banks. D) Money supply, volume of bank credit and cost of bank credit. Show Answer Correct Answer: D) Money supply, volume of bank credit and cost of bank credit. 4. Which one of the following is known as the recession occurring two times with a small gap in between? A) Double Inflation. B) Double-dip Recession. C) Deep Recession. D) Deflation. Show Answer Correct Answer: B) Double-dip Recession. 5. SEBI has been imposed a restriction on money flow in equity through 'P-notes'. What is the full form of 'P-notes'? A) Purchase notes. B) Permanent notes. C) Private notes. D) Participatory notes. Show Answer Correct Answer: D) Participatory notes. 6. Lead Bank Scheme (LBS) was introduced in.....? A) December, 1969. B) June, 1965. C) April, 1997. D) June, 2008. Show Answer Correct Answer: A) December, 1969. 7. Credit risk to the bank is high from which of these card A) ATM cards. B) Debit cards. C) Credit cards. D) All of the above. Show Answer Correct Answer: C) Credit cards. 8. The name 'Bluetooth' gets its name from a 10th century king of? A) Denmark. B) Thailand. C) Greece. D) China. Show Answer Correct Answer: A) Denmark. 9. A promissory note that is not secured by any collateral or not secured by a mortgage or lien marked on any property is .....instrument. A) Commercial bill. B) Debenture. C) Currency bill. D) Bill of exchange. Show Answer Correct Answer: B) Debenture. 10. In which year "Oudh Commercial Bank" was formed? A) 1884. B) 1881. C) 1889. D) 1891. Show Answer Correct Answer: B) 1881. 11. Which organization provides credit history of the borrowers? A) IRDA. B) CII. C) FRBI. D) CIBIL. Show Answer Correct Answer: D) CIBIL. 12. In which year "ICICI Bank" was formed? A) 1997. B) 1996. C) 1998. D) 1995. Show Answer Correct Answer: B) 1996. 13. In which year "State Bank of India" was formed? A) 1955. B) 1945. C) 1975. D) 1965. Show Answer Correct Answer: A) 1955. 14. Which of the following fall under the qualitative method of credit control adopted by Reserve bank of India A) Moral suasion. B) Selective credit control. C) Credit authorization scheme. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. When did the nationalisation of major banks happen? A) June, 1959. B) June, 1955. C) July, 1969. D) June, 1951. Show Answer Correct Answer: C) July, 1969. 16. An award of Banking Ombudsman is A) A judicial decision. B) An appeal to the bank. C) An order on the Bank. D) An arbitrary order. Show Answer Correct Answer: A) A judicial decision. 17. RBI runs a monetary museum, where is situated..... A) Delhi. B) Madhya Pradesh. C) Karnataka. D) Maharashtra. Show Answer Correct Answer: D) Maharashtra. 18. Nainital Bank is a subsidiary of which of the following banks? A) Bank of Baroda. B) State Bank of India. C) Syndicate Bank. D) Reserve Bank of India. Show Answer Correct Answer: A) Bank of Baroda. 19. If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess? A) Capital adequacy of 9 %. B) Profitability in preceding 3 years. C) Minimum of Rs.200 crores as net worth. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Reserve Bank of India (RBI) has decided to issue .....denomination coins to commemorate International Yoga Day which is being observed every year on 21 June. A) 100 rupee. B) 10 rupee. C) 5 rupee. D) 1 rupee. Show Answer Correct Answer: B) 10 rupee. 21. Money market is a market for A) Short term. B) Long term. C) Medium term. D) It is a one day lending and borrowing market. Show Answer Correct Answer: A) Short term. 22. Reserve Bank of India does not perform the role of A) Bank of Government. B) Issue of Currency. C) Bank of Bank. D) To accept money from public. Show Answer Correct Answer: D) To accept money from public. 23. RBI grants "in-principle" approval to Reliance Industries Limited to set up Payments Banks in the country. To which among the following RIL has partnered with for Payment Bank Licence? A) Apollo Munich. B) LIC. C) SBI. D) Bajaj Capital. Show Answer Correct Answer: C) SBI. 24. Accounts are allowed to be operated by cheques in respect of A) Both Savings bank accounts and loan accounts. B) Savings bank accounts and current accounts. C) Both Current accounts and fixed deposit accounts. D) Both Savings bank accounts and fixed deposit accounts. Show Answer Correct Answer: B) Savings bank accounts and current accounts. 25. Bank rate policy, open market operations, variable reserve requirements and statutory liquidity requirements as measures of credit control are classified as A) Qualitative methods. B) Quantitative methods. C) Weighted average method. D) None of the above. Show Answer Correct Answer: B) Quantitative methods. 26. Which of the following is the oldest Joint Stock Bank of India? A) Bank of India. B) Patiala Bank. C) Bank of Baroda. D) Allahabad Bank. Show Answer Correct Answer: D) Allahabad Bank. 27. Deposits mobilised by the banks are utilised for A) Loans and advances. B) Investment in commercial paper, shares, debentures up to stipulated ceilings. C) Investment in government and other approved securities in fulfilment of liquidity stipulation. D) All of the above. Show Answer Correct Answer: D) All of the above. 28. Issuing credit cards is a component of A) Micro finace. B) Corporate Banking. C) Rural banking. D) Retail Banking. Show Answer Correct Answer: D) Retail Banking. 29. Banking Industry has been declared as public utility service for purpose of A) Banking regulation Act, 1949. B) Reserve bank of India Act, 1934. C) Negotiable Instruments Act, 1881. D) Industrial Disputes Act. Show Answer Correct Answer: D) Industrial Disputes Act. 30. The Stock Exchange Board of India was set up by a Special Act in .....? A) 1983. B) 1991. C) 1975. D) 1988. Show Answer Correct Answer: D) 1988. ← 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 8Banking Awareness And Sebi Quiz 9Banking Awareness And Sebi Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books