Important Banking Awareness Quiz  – 101

1. To prevent recurrence of scams in Indian Capital Market, the Government has assigned regulatory powers to:

A) RBI
B) SBI
C) SEBI
D) ICICI

2. The Reserve bank of India was set up under the recommendation of which of the following commissions?

A) Phillip Commission
B) Simon Commission
C) Hilton Young Commission
D) Hunter Commission

3. Which bank in India gets the first ISO certification?

a. Syndicate Bank

b. Canara Bank

c. Indian bank

d. State bank of India

4. Which of the following are the functions of the Central Bank of India?

A) Regulation of Currency and flow of credit system
B) Maintaining exchange value of rupee
C) Formulating monetary policy of India
D) Supervisory powers over the indigenous bankers and leasing companies

5. Which bank in India gets the first ISO certification?

A) Syndicate Bank
B) Canara Bank
C) Indian bank
D) State bank of India

6. Which of the following organisations provide credit history of the borrowers?

A) RBI
B) SEBI
C) CIBIL
D) CRISIL

7. Which of the following called a ‘banker’s cheque’?

A) Demand draft
B) Debit card
C) Pay order
D) Fixed deposit

8. Bouncing of cheques may lead to________.

A)  6 months imprisonment
B) 1 year imprisonment
C) 2  year imprisonment
D) 3  year imprisonment

9. The main function of the Exim Bank is:

A) to help RBI in the regulation of foreign exchange
B) to prevent unlicensed transaction
C) to promote exports and curtail imports
D) to conserve foreign exchange

10. Open market operations of a Central Bank are sale and purchase of:

A) foreign currencies
B) corporate securities
C) trade bills
D) government securities