Banking & Financial Awareness Quiz – Set 115

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. As per World Economic Forum (WEF) report, India is set to uplift households out of poverty and reduce the share of households below the poverty line from current 15 percent to 5 percent by which year?
   A) 2025
   B) 2035
   C) 2050
   D) 2030
   
   View answer

   Option D
   Explanation: India will uplift around 25 million households out of poverty and reduce the share of households below the poverty line from 15 percent today to 5 percent by 2030, the World Economic Forum (WEF) said in a report
2. As per the government data, the target of foodgrains production for 2019-20 crop year has been set at__________
   A) 147.9 MT
   B) 183.2 MT
   C) 291.1 MT
   D) 321.6 MT
   
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   Option C
   Explanation: The target of foodgrains production for 2019-20 crop year is set at a record 291.1 MT, comprising 147.9 MT in kharif season and 143.2 MT during rabi
3. The Rs 200 note has a motif of__________
   A) Sanchi Stupa
   B) Golden Temple
   C) Red Fort
   D) Rani ki Vav
   
   View answer

   Option A
   
4. Which of these is not a Rabi crop?
   A) Gram
   B) Mustard
   C) Wheat
   D) Rice
   
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   Option D
   Explanation: Rice, maize, cotton, jowar, bajra etc are Kharif
5. Who is the head of the panel formed to review the Economic Capital Framework (ECF) for the RBI?
   A) Duvvuri Subbarao
   B) Bimal Jalan
   C) Y. Venugopal Reddy
   D) Arvind Subramanian
   
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   Option B
   Explanation: The six-member panel, which was appointed on December 26, 2018 to review the Economic Capital Framework (ECF) for the RBI is headed by former governor of the Reserve Bank of India (RBI) Bimal Jalan. The panel headed by him to determine the appropriate capital reserves with the central bank will submit its report by May-June
6. Name the first central bank in the Asia-Pacific region to begin explicit interest rate easing cycle by cutting the policy rate?
   A) Bank of Mexico
   B) Federal Reserve
   C) RBI
   D) Central Bank of the Russia
   
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   Option C
   Explanation: The Reserve Bank of India (RBI) is the first central bank in the Asia-Pacific region to have begun explicit interest rate easing cycle by cutting the policy rate back-to-back in the last two monetary policy reviews in 2019
7. The RBI has planned to conduct total Rs ____________ purchase of government securities under Open Market Operations during May 2019.
   A) 150 billion
   B) 200 billion
   C) 125 billion
   D) 250 billion
   
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   Option D
   Explanation: The RBI plans to conduct total Rs 250 billion purchase of government securities under Open Market Operations during May 2019 via two auctions of Rs 125 billion each. 
8. The Central government has planned to raise the import duty on wheat from 30% to ______
   A) 40%
   B) 35%
   C) 45%
   D) 50%
   
   View answer

   Option A
   Explanation: The government is likely to raise the import duty on wheat from the current 30% to 40% to rule out any possibility of cheaper imports amid the harvesting of the new crop. 
9. The Internet and Mobile Association of India (IAMAI) has its headquarter at___________
   A) Pune
   B) New Delhi
   C) Mumbai
   D) Noida
   
   View answer

   Option C
   
10. Who regulates Real Estate Investment Trusts (REITs)?
    A) RBI
    B) SEBI
    C) EXIM
    D) NHB
    
    View answer

    Option B
    

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