Banking & Financial Awareness Quiz – Set 105

Banking & Financial Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams.  The set will be beneficial for the Banking and financial awareness section of LIC AAO. So attempt all the sets now.

Banking & Financial Awareness Questions

1. How many countries are the members of the World Bank currently?
   A) 192
   B) 190
   C) 189
   D) 185
   
   View answer

   Option C
   Explanation: Presently there are 189 member countries of the World Bank. 
2. Ravneet Gill has taken over as the MD-CEO of which bank?
   A) Axis Bank
   B) Yes Bank
   C) Kotak Mahindra Bank
   D) DBS Bank
   
   View answer

   Option B
   
3. What shall be the aggregate investment limit under the ‘Voluntary Retention Route’ (VRR) scheme for Foreign Portfolio Investors (FPIs) to invest in Government securities (VRR Govt)?
   A) Rs 40,000 crores
   B) Rs 20,000 crores
   C) Rs 35,000 crores
   D) Rs 45,000 crores
   
   View answer

   Option A
   Explanation: The aggregate investment limit shall be ₹ 40,000 crores for VRR-Govt and ₹ 35,000 crores for VRR-Corp.
4. How many Domestic Systemically Important Banks (D-SIBs) are currently identified by RBI?
   A) one
   B) two
   C) five
   D) three
   
   View answer

   Option D
   Explanation: State Bank of India is in Bucket 3, while HDFC and ICICI Bank both are in Bucket 1.
5. The USD/INR Buy/Sell swap auction tool has been introduced by the RBI for______
   A) Financial performance
   B) Cash management
   C) Liquidity management
   D) Bank performance
   
   View answer

   Option C
   Explanation: Under this scheme, the bank (commercial banks) will sell US Dollars to the Reserve Bank of India, and Reserve Bank of India will in return credit the bank with equivalent Rupee funds. In this way, liquidity of Rupee will increase in the system.
6. The YONO App of SBI will help customers withdraw money from ATM without the need of card. What will be the maximum number of transaction that a person can make in a day using this facility?
   A) three
   B) two
   C) one
   D) no limit
   
   View answer

   Option B
   Explanation: The State Bank of India has launched a facility using which its customer can withdraw money from ATM without using a debit card. They can make such transactions using YONO app of SBI. Maximum transaction of Rs. 10,000 each. And maximum 2 such transactions in a day. The customer can avail of this service only on one device.
7. SBI has announced to use the repo rate of RBI as a benchmark to set the savings deposit interest rates and interest rates for short-term loans. However, the savings accounts with amount less than ___________ will be exempted from this new rate
   A) Rs 1 lakh
   B) Rs 50,000
   C) Rs 2 lakhs
   D) Rs 1.5 lakhs
   
   View answer

   Option A
   Explanation: The State Bank of India (SBI) will use the repo rate of RBI as a benchmark to set the savings deposit interest rates and interest rates for short-term loans from May 01, 2019. However, those saving deposit accounts with balance less than Rs 1 lakh and borrowers with CC/OD limits up to Rs 1 lakh will be exempted from this.
8. The One Nation, One Card for transport mobility was officially launched in which city of India by PM Modi?
   A) Visakhapatnam
   B) Varanasi
   C) Ahmedabad
   D) Lucknow
   
   View answer

   Option C
   
9. Which among the following banks has won the Best Bank Award from the Tamil Nadu government for meeting the needs of women’s self-help groups (SHGs)?
   A) Allahabad Bank
   B) Punjab National Bank
   C) Bank of Baroda
   D) Indian Bank
   
   View answer

   Option D
   
10. David R. Malpass is the current President of which organisation?
    A) World Economic Forum
    B) World Bank
    C) International Monetary Fund
    D) United Nations
    
    View answer

    Option B
    

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