Banking Awareness Quiz – Set 109

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. What is the fullform of eSBTR?
   A. Electronic Secured Basic Transaction Receipt
   B. Electronic Stamp Bank Treasury Receipt
   C. Electronic Stamp Bank Transaction Receipt
   D. Electronic Secured Bank Treasury Receipt
   E. Electronic Secured Basic Treasury Receipt
   
   Answer & Explanation

   D. Electronic Secured Bank Treasury Receipt
   Explanation:
   e-SBTR, is an Electronic – Secured Bank and Treasury Receipt, issued by the Officer of the participating bank, on secured Government stationery, on payment of Stamp- duty in Virtual Treasury.
   
   
2. Which of the following is the country’s largest custodian and depository participant?
   A. CIBIL
   B. SEBI
   C. NABARD
   D. SHCIL
   E. None of the Above
   
   Answer & Explanation

   D. SHCIL
   Explanation:
   Stock Holding Corporation of India Ltd (SHCIL), India’s largest custodian and depository participant.
   
   
3. The Headquarters of SHCIL is located in ___________
   A. Hyderabad
   B. Mumbai
   C. Chennai
   D. New Delhi
   E. None of the Above
   
   Answer & Explanation

   B. Mumbai
   Explanation:
   The Headquarters of SHCIL is located in Mumbai, Maharashtra.
   
   
4. Which of the following is the only Central Record Keeping Agency (CRA) appointed by the Government of India?
   A. CIBIL
   B. SEBI
   C. NABARD
   D. SHCIL
   E. None of the Above
   
   Answer & Explanation

   D. SHCIL
   Explanation:
   SHCIL is appointed as Central Record-keeping Agency (CRA) and associated with stamp duty collection and not valuation.
   
   
5. Stock Holding Corporation of India Limited is owned by?
   A. SU-UTI
   B. NIA
   C. GIC
   D. LIC
   E. All of the Above
   
   Answer & Explanation

   E. All of the Above
   Explanation:
   Stock Holding Corporation of India Limited(SHCIL) is owned by the India’s leading Banks and Financial Institutions such as, SU-UTI, IFCI Ltd., LIC, GIC, NIA, NIC, UIC, and TOICL.
   
   
6. SHCIL was established in 1986 under the Government of India as __________
   A. Private Ltd
   B. Public Ltd
   C. Limited Liability Partnership
   D. Unlimited company
   E. None of the Above
   
   Answer & Explanation

   B. Public Ltd
   Explanation:
   Stock Holding Corporation of India Limited(SHCIL) was established in 1986 under the Government of India as public limited company.
   
   
7. Minimum value of transaction for e-SBTR should be _______
   A. Rs.1000
   B. Rs.2000
   C. Rs.3000
   D. Rs.5000
   E. No limit
   
   Answer & Explanation

   D. Rs.5000
   Explanation:
   Minimum value of transaction for e-SBTR should be Rs.5,000.
   
   
8. Maximum value of transaction for e-SBTR should be _________
   A. Rs.1000
   B. Rs.2000
   C. Rs.3000
   D. Rs.5000
   E. No limit
   
   Answer & Explanation

   E. No limit
   Explanation:
   There is no maximum limit.
   
   
9. Authorised Collection Center(ACC) is an agent appointed by SHCIL?
   A. SU-UTI
   B. GOI
   C. GIC
   D. SHCIL
   E. All of the Above
   
   Answer & Explanation

   D. SHCIL
   Explanation:
   ACC means Authorised Collection Center (ACC). Its an agent appointed by SHCIL. ACC is the intermediary between the CRA and Stamp Duty payer.
   
   
10. Which of the following can become ACCs?
    A. Scheduled Banks
    B. Insurance Majors
    C. Post Offices
    D. Both (A) and (B)
    E. Both (A) and (C)
    
    Answer & Explanation

    E. Both (A) and (C)
    Explanation:
    Scheduled Banks and Post Offices can become ACCs.