Banking & Financial Awareness Quiz – Set 106

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. Post merger of Bandhan Bank and Gruh Finance, the shareholders will get ________shares of Bandhan bank for every 1000 shares of Gruh Finance
   A) 455
   B) 921
   C) 568
   D) 726
   
   View answer

   Option C
   Explanation: According to the share-swap ratio, for every 1,000 shares of Gruh Finance, shareholders will get 568 shares of Bandhan Bank
2. Rajesh Yaduvanshi has recently been appointed as the Executive Director of which bank?
   A) Bank of India
   B) Punjab National Bank
   C) Bank of Baroda
   D) UCO Bank
   
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   Option B
   
3. What is the full form of LAP in banking?
   A) Liquid Assets Position
   B) Legal Agreement Protocol
   C) Lease Acquisition Price
   D) Loan Against Property
   
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   Option D
   Explanation: Loan against property (LAP) is also known as ‘Home Equity Loans’ and is basically a kind of loan against the security of one’s property
4. What is the deadline set by CBDT to clear up all demonetisation-related cases?
   A) June 30
   B) December 31
   C) May 31
   D) April 30
   
   View answer

   Option A
   
5. Who is the current Economic Affairs Secretary and Finance Secretary of India?
   A) Rajiv Mehrishi
   B) Hasmukh Adhia
   C) Subhash Chandra Garg
   D) Ajay Narayan Jha
   
   View answer

   Option C
   
6. Which among the following Indian banks has been ranked as India’s best bank for customer satisfaction, according to Forbes World’s Best Banks’ survey for India?
   A) Punjab National Bank
   B) ICICI Bank
   C) Kotak Mahindra Bank
   D) HDFC Bank
   
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   Option D
   
7. A loan made by a financial institution usually in the form of bonds issued in foreign currencies and sold to government of a developing or emerging nation is known as________
   A) Regal loan
   B) Sovereign loan
   C) Inferior loan
   D) Secondary loan
   
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   Option B
   
8. Which of the following is a feature of Barter system transaction?
   A) Bonds and securities are exchanged for gold in return
   B) Gold is exchanged for gold in return
   C) Goods & services are exchanged in return for other goods & services
   D) Goods & services are exchanged for Gold in return
   
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   Option C
   Explanation: People exchanged services and goods for other services and goods in return.
9. The concept of Special Economic Zone (SEZ) was introduced by which country?
   A) China
   B) India
   C) United States
   D) Japan
   
   View answer

   Option A
   Explanation: SEZs were introduced to India in 2000, following the already successful SEZ model used in China.
10. What is the full form of REER with respect to exchange rate?
    A) Raw economic exchange rate
    B) Random external exchange rate
    C) Return exclusive exchange rate
    D) Real effective exchange rate
    
    View answer

    Option D
    Explanation: The real effective exchange rate (REER) is the weighted average of a country’scurrency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index

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