Banking Awareness Quiz – Set 116

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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. Which of the following is merged with SEBI?
   A. CRISIL
   B. NABARD
   C. FMC
   D. CIBIL
   E. SHCIL
   
   Answer & Explanation

   C. FMC
   Explanation:
   On 28 September 2015 the FMC was merged with the Securities and Exchange Board of India (SEBI).
   
   
2. Which of the following is the first demutualized electronic exchange in the country?
   A. BSE
   B. NSE
   C. CSE
   D. ISE
   E. PSE
   
   Answer & Explanation

   B. NSE
   Explanation:
   The National Stock Exchange of India Limited (NSE) was established in 1992 as the first demutualized electronic exchange in the country.
   
   
3. Which of the following is responsible for e-stamping system around India?
   A. CRISIL
   B. NABARD
   C. FMC
   D. CIBIL
   E. SHCIL
   
   Answer & Explanation

   E. SHCIL
   Explanation:
   SHCIL is responsible for e-stamping system around India.
   
   
4. Which of the following is/are the domestic share holder(s) of NSE?
   A. LIC & SBI
   B. IFCI Limited
   C. IDFC Limited
   D. Stock Holding Corporation of India Limited.
   E. All of these
   
   Answer & Explanation

   E. All of these
   Explanation:
   Domestic key investors of NSE are
   LIC
   SBI
   IFCI Limited
   IDFC Limited
   Stock Holding Corporation of India Limited.
   
   
5. Which was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system?
   A. BSE
   B. NSE
   C. CSE
   D. ISE
   E. PSE
   
   Answer & Explanation

   B. NSE
   Explanation:
   NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system.
   
   
6. The Chairman of SEBI is nominated by?
   A. Union Finance Ministry
   B. RBI
   C. Government of India
   D. All of these
   E. None of these
   
   Answer & Explanation

   C. Government of India
   Explanation:
   SEBI
   The chairman is nominated by Union Government of India.
   Two members, i.e., Officers from Union Finance Ministry.
   One member from the Reserve Bank of India.
   The remaining five members are nominated by Union Government of India, out of them at least three shall be whole-time members.
   
   
7. Which of the following is Asia’s first and the world’s fastest stock exchange?
   A. BSE
   B. NSE
   C. CSE
   D. ISE
   E. PSE
   
   Answer & Explanation

   A. BSE
   Explanation:
   BSE is Asia’s first stock exchange. It claims to be the world’s fastest stock exchange, with a median trade speed of 6 microseconds
   
   
8. SEBI has _________ functions rolled into one body.
   A. Three
   B. Four
   C. Two
   D. Five
   E. More than five
   
   Answer & Explanation

   A. Three
   Explanation:
   SEBI has three functions rolled into one body: They are quasi-legislative, quasi-judicial and quasi-executive.
   
   
9. Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 as a ________ company
   A. Private Limited
   B. Unlimited
   C. Public limited
   D. Limited Liability Partnership
   E. None of these
   
   Answer & Explanation

   C. Public limited
   Explanation:
   Stock Holding Corporation of India Ltd (SHCIL) was established in 1986 under the Government of India as public limited company.
   
   
10. Which of the following is the country’s first and one of the largest security custodians to financial institutions?
    A. CRISIL
    B. NABARD
    C. FMC
    D. CIBIL
    E. SHCIL
    
    Answer & Explanation

    E. SHCIL
    Explanation:
    SHCIL is the country’s first and one of the largest security custodians to financial institutions.