Banking Awareness Quiz – Set 93 – Miscellaneous

Banking 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 Awareness Questions

1. An economic situation in which there is slow economic growth and relatively high unemployment is known as_________
   A) Stagflation
   B) Deflation
   C) Core Inflation
   D) Recession
   
   View answer

   Option A
   
2. What do you understand by Contingency Fund?
   A) Funds borrowed by government from public to meet its deficit gap
   B) Fund maintained by government to meet some urgent or unforeseen expenditure
   C) Funds that includes all revenues and loans raised by the government
   D) Funds raised through auctions of government properties
   
   View answer

   Option B
   
3. _______ is a term used to define an economy in which there is no involvement of outside economies and the country is self sufficient to fulfill its needs without making imports from other country
   A) Suffrage
   B) Syndicalism
   C) Democracy
   D) Autarchy
   
   View answer

   Option D
   
4. The income which has actually been earned by the business but not yet received in that financial period is known as______
   A) Deferred income
   B) Expenses
   C) Accrued Income
   D) Dissipate income
   
   View answer

   Option C
   
5. The Group of 15 (G-15) is an organisation of how many countries?
   A) 17
   B) 15
   C) 16
   D) 18
   
   View answer

   Option A
   
6. Cucumber, Watermelon, Pumpkins are which type of crops?
   A) Rabi
   B) Zaid
   C) Kharif
   D) None of These
   
   View answer

   Option B
   Explanation: Zaid crops are grown on irrigated lands mainly from March to June.
7. Expand MPCE.
   A) Monthly Per-Capita Consumption Estimate
   B) Monthly Per-Capita Cost Expenditure
   C) Monthly Per-Capita Consumption Expenditure
   D) Monthly Per-Capita Cost Estimate
   
   View answer

   Option C
   
8. Maharatna Companies are the public sector undertakings with investment ceiling of upto Rs ___________
   A) Rs 500 crore
   B) Rs 2000 crore
   C) Rs 1000 crore
   D) Rs 5000 crore
   
   View answer

   Option D
   
9. What is the limit of Ways and Means Advances set by the RBI for the first half of 2019-20 ending September 2019?
   A) Rs 75,000
   B) Rs 50,000
   C) Rs 80,000
   D) Rs 95,000
   
   View answer

   Option A
   Explanation: The Reserve Bank of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 at ₹75,000 crore. This is for April 2019 to September 2019). 
10. NABCONS are promoted by_______
    A) RBI
    B) NABARD
    C) SIDBI
    D) SEBI
    
    View answer

    Option B
    

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