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Banking Awareness Quiz – Set 116

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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. Which of the following is merged with SEBI?
      A. CRISIL
      B. NABARD
      C. FMC
      D. CIBIL
      E. SHCIL
      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
      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
      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
      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
      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
      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
      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
      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
      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
      E. SHCIL
      Explanation:
      SHCIL is the country’s first and one of the largest security custodians to financial institutions.