Banking Awareness Quiz – Set 94 – 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. _______ is the process by which a private company can go public by sale of its stocks to general public for the first time.
   A) New Fund Offers
   B) Follow-on public offer
   C) Insider trading
   D) Initial public offering
   
   View answer

   Option D
   
2. SEBI has extended the date for implementation of UPI as alternative payment mechanism for retail IPO investors till ___________
   A) April 30
   B) June 30
   C) September 30
   D) November 30
   
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   Option B
   
3. The Unified Payments Interface (UPI) is regulated by?
   A) Government of India
   B) NPCI
   C) Reserve Bank of India
   D) Scheduled Commercial Banks
   
   View answer

   Option C
   Explanation: Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform
4. What is the Sovereign credit rating of India as per the latest evaluations by rating agency Fitch?
   A) BB-
   B) BBB
   C) BB+
   D) BBB-
   
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   Option D
   Explanation: Sovereign credit rating, is an evaluation made by a credit rating agency and evaluates the credit worthiness of the issuer (country or government) of debt. The credit rating is used by individuals and entities that purchase debt by governments to determine the likelihood that will pay its debt obligations
5. Till date, the Central Board of Direct Taxes (CBDT) has entered into how many Advance Pricing Agreements (APAs)?
   A) 271
   B) 119
   C) 201
   D) 310
   
   View answer

   Option A
   Explanation: As per the latest data of the Central Board of Direct Taxes (CBDT), it has entered into 18 Advance Pricing Agreements (APAs) in the month of March 2019, which includes 3 Bilateral APAs (BAPAs). Total number of APAs entered into by the CBDT in the year 2018-19 is 52. It includes 11 BAPAs. The overall number of APAs entered into by the CBDT till date stands at 271, of which 31 are BAPAs.
6. What is the current Reverse Repo Rate?
   A) 6%
   B) 5.75%
   C) 6.25%
   D) 5.50%
   
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   Option B
   
7. The RBI has pegged MSF at_____ basis points above the repo rate as of November 2017.
   A) 100
   B) 50
   C) 25
   D) 75
   
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   Option C
   
8. The World Trade Organisation (WTO) has projected the global trade growth to be at ________ percent in 2019.
   A) 3.7%
   B) 2.6%
   C) 2.8%
   D) 3.9%
   
   View answer

   Option B
   
9. India has signed an MoU with which subsidiary of NABARD to set up the India-Africa Institute of Agriculture and Rural Development (IAIARD) in African nation Malawi?
   A) NABCONS
   B) Nabard Financial Services Limited
   C) NABARD Consultancy Services Private Limited
   D) Nabkisan Finance Ltd.
   
   View answer

   Option A
   
10. Currently, the interest rate charged on Ways and Means Advances (WMA) by RBI is equal to
    A) Reverse Repo Rate
    B) SLR
    C) MSF
    D) Repo Rate
    
    View answer

    Option D
    Explanation: The interest rate on WMA/overdraft will be:
    WMA: Repo Rate
    Overdraft: Two percent above the Repo Rate

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