Banking Awareness and SEBI mcq questions and answers for competitive exams

Posted : 4 months ago
Banking Awareness and SEBI mcq questions and answers for competitive exams UPSC SSC , SSC CGL, SSC CHSL, upsc Civils , Entrance exams Online test practice online free Quiz, mock practice online
1.
What is a Bank breeze?

a
Instraction to a landowner to pick up a customer's debt
b
Instruction not to honour a stop payment
c
Cheque that a bank draws upon itself
d
Letter from a Bank

2.
Capital Market Regulator is

a
RBI
b
BSE
c
SEBI
d
IRDA

3.
In India, the bank which issued central currency is -

a
Bank of India
b
State Bank of India
c
Central Bank of India
d
Reserve Bank of India

4.
In which year ' Lakshmi Vilas Bank Limited ' was formed?

a
1925
b
1926
c
1927
d
1928

5.
Which is the first Indian bank to open branch outside India?

a
Bank of India
b
Canara Bank
c
Andhra Bank
d
Bank of Baroda

6.
What does the acronym DICGC mean?

a
District Industries Centre and Government College
b
Department of Insurance in Central Govt. Company
c
Deposit Insurance and Credit Guarantee Corporation
d
Deputy Inspector & Commissioner General for Commodities Trading

7.
A banker' lien is governed by

a
Banking Regulation Act
b
Negotiable Instrument Act
c
Transfer of Property Act
d
Bankers' Books Evidence Act

8.
Which country started first plastic notes?

a
Austria
b
Australia
c
Argentina
d
Afghanistan

9.
Which of the following is not a primary function of a Bank?

a
Granting loans
b
Issuing bank drafts
c
Selling Gold/Silver Coins
d
Arranging VISA for students for abroad education

10.
Which of the following is the full form of the term SLR as used in the banking sector?

a
Social Lending Ratio
b
Separate Lending Rate
c
Statutory Liquidity Ratio
d
Scheduled Liquidity Rate

11.
Which among the following body authorizes the credit limit to the national cooperative marketing federation?

a
NABARD
b
Reserve bank of India
c
Department of finance
d
Department of agriculture

12.
Identify the difference between commercial paper and certificate of deposit

a
Certificate of deposit is issued at discount while commercial paper at face value
b
Certificate of deposit is a financial instrument while commercial paper is a fi- nancial statement
c
Certificate of deposit is issued by banks while commercial paper is issued by firms or public limited companies
d
All of the above

13.
What does the section 85 of The Negotiable Instruments Act, 181 deal with?

a
Discharge from liability
b
Cheque payable to order
c
When cheque not duly presented and drawer damaged thereby
d
Discharge by allowing drawer more than forty eight hours to accept

14.
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

15.
In order to provide protection to the deposits held with banks and insurance for a minimum of their deposits with Banks, the following Institution was established ?

a
State Bank of India
b
Reserve Bank of India
c
Life Insurance Corporation of India
d
Deposit Insurance and Credit Guarantee Corporation

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Banking Awareness and SEBI mcq questions and answers for competitive exams

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