Banking & Financial Awareness Quiz – Set 107

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. What is the full form of NSDL?
   A) National Safety Development Limited
   B) National Securities Depository Limited
   C) National Social Diversity Limited
   D) National Sales Department Limited
   
   View answer

   Option B
   Explanation: National Securities Depository Limited is an Indian central securities depository based in Mumbai
2. The Saubhagya Scheme of the Indian government is related with__________
   A) Eliminate Open defecation
   B) LPG connection
   C) Internet connection
   D) Electricity connection
   
   View answer

   Option D
   
3. What was the deadline set by RBI for all the banks to migrate the magnetic strip based ATM/Debit cards to EMV chip-and-PIN payment cards?
   A) 31 December 2018
   B) 31 January 2019
   C) 1 March 2019
   D) 31 March 2019
   
   View answer

   Option A
   
4. Which among the following acts as a controller of credit in India?
   A) Central Government
   B) Ministry of Finance
   C) RBI
   D) Finance Commission
   
   View answer

   Option C
   
5. The pseudo-token “Learning Coin” has been launched by which organisations?
   A) WEF & IMF
   B) IMF & World Bank
   C) World Bank & WEF
   D) IMF & UNDP
   
   View answer

   Option B
   
6. The rate at which RBI gives short term loan to commercial banks is known as_______
   A) Repo rate
   B) Reverse repo rate
   C) Bank rate
   D) Marginal Standing Facility
   
   View answer

   Option A
   
7. How many countries are members of Financial Action Task Force (FATF)?
   A) 24
   B) 56
   C) 42
   D) 38
   
   View answer

   Option D
   
8. The interest rate policy is related to which of the following?
   A) Fiscal Policy
   B) Monetary Policy
   C) Trade Policy
   D) Foreign Policy
   
   View answer

   Option B
   
9. The ‘NRI-Insta-Online’ paperless account opening facility has been launched by which bank for NRIs?
   A) ICICI
   B) HDFC
   C) IDBI
   D) Canara
   
   View answer

   Option C
   
10. The money deposited in which of these accounts can be withdrawn without notice?
    A) Demand Deposit
    B) Recurring deposit
    C) Fixed deposit
    D) All of the above
    
    View answer

    Option A
    

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