Banking Quiz.

Banking & Financial Awareness Quiz – Set 113

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 AAOSo attempt all the sets now.

Banking & Financial Awareness Questions

  1. SEBI has reduced the minimum subscription requirement for InvITs from Rs 10 lakh to Rs ________ and its multiple
    A) Rs 2 lakh
    B) Rs 5 lakh
    C) Rs 1 lakh
    D) Rs 4 lakh
    View answer
    Option C
    Explanation: 
    Minimum subscription requirement for InvITs: Rs 1 lakh  (and its multiple) [earlier its was Rs 10 lakhs] 
  2. The Central government has raised the authorized capital of Allahabad Bank to Rs_________?
    A) Rs 3000 cr
    B) Rs 8000 cr
    C) Rs 5000 cr
    D) Rs 2000 cr
    View answer
    Option B
  3. The Indian Computer Emergency Response Team (CERT-IN) is based in which city?
    A) New Delhi
    B) Mumbai
    C) Hyderabad
    D) Kolkata
    View answer
    Option A
  4.  Which of these is the first Destination Bank to go live with Net Banking and Debit Card-based e-mandate authentication?
    A) ICICI Bank
    B) Punjab National bank
    C) Kotak Mahindra Bank
    D) HDFC Bank
    View answer
    Option C
  5. Which of the following products is offered by NPCI?
    A) NACH
    B) UPI
    C) IMPS
    D) All the above
    View answer
    Option D
  6. Sairee Chahal has recently been appointed as the board of directors of which of these banks?
    A) Airtel Payments Bank
    B) Paytm Payments Bank
    C) India Post Payments Bank
    D) Fino Payments Bank
    View answer
    Option B
  7. ICICI Bank and Small Business FinCredit have come together to jointly provide loans to MSME. What will be the maximum amount of loan under the initiative?
    A) Rs 1 crore
    B) Rs 50 lakh
    C) Rs 5 crore
    D) Rs 10 lakh
    View answer
    Option A
    Explanation:
    It is the first-of-its-kind programme by a bank and an NBFC with the loans of up to Rs 1 crore is for a tenure of 15 years per customer.
  8. Which among the following is the Sponsor bank of Punjab Gramin Bank?
    A) Bank of India
    B) Bank of Baroda
    C) State Bank of India
    D) Punjab National Bank
    View answer
    Option D
  9. Which bank has recently created a separate Stressed Asset Management (SAM) vertical for NPAs?
    A) Bank of Maharashtra
    B) Allahabad Bank
    C) Syndicate Bank
    D) Punjab National Bank
    View answer
    Option C
    Explanation:
    The Syndicate Bank has created a separate vertical comprising around 1,200 of its existing staffers to recover its non-performing assets (NPAs) amounting to around Rs 27,000 crore. The ‘Stressed Asset Management (SAM)’ vertical would comprise legal as well as credit experts who would help branch managers to device plans to recover dues from NPAs.
  10. Who is the head of the committee to identify the Systemically Important Insurers (SIIs), and recommend enhanced supervision measures for them?
    A) Sujay Banarji
    B) Pravin Kutumbe
    C) Nilesh Sathe
    D) Pournima Gupte
    View answer
    Option B

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