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
- Which among the following accounts enables the customer to perform all transactions electronically?
A) Demat account
B) Savings deposit account
C) No-Frill account
D) Mutual Fund account
- Which among the following terms means stopping the flow of the physical cheques issued by a drawer to the drawee branch?
A) Shear
B) Remit
C) Truncation
D) Disinvest
- Which among the following is the owner of Unified Payments Interface (UPI)?
A) RBI
B) NPCI
C) NITI Aayog
D) Ministry of Electronics & Information Technology
- Which of these countries is not a member of the New Development Bank?
A) Brazil
B) China
C) India
D) Sri Lanka
- Which of the given financial institutions comes under Bretton Woods institutions
A) New Development Bank
B) Asian Development Bank
C) International Monetary Fund
D) European Bank for Reconstruction and Development
- Identify which of these is not a function of International Monetary Fund?
A) Foster global monetary cooperation
B) Approve transactions between international financial institutions with other countries
C) Promote high employment and sustainable economic growth
D) Reduce poverty around the world
- Which of these institutions provides interest-free loans and grants to governments of the poorest countries?
A) International Development Association
B) International Bank for Reconstruction and Development
C) International Finance Corporation
D) Multilateral Investment Guarantee Agency
- The small accounts are initially valid for a period of how many months?
A) 24 months
B) 18 months
C) 6 months
D) 12 months
- How many banks were merged with the State Bank of India in the year 2017?
A) 5
B) 7
C) 6
D) 4
- Which among the given committees recommended to set up NABARD?
A) Deshmukh Committee
B) Sivaraman Committee
C) Rangarajan Committee
D) Subramanian Committee