Banking & Financial Awareness Quiz – Set 119

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. Which of these is a 20-character, alpha-numeric code?
   A) SWIFT Code
   B) Indian Financial System Code (IFSC)
   C) Unique Transaction Reference (UTR)
   D) Legal Entity Identifier (LEI)
   
   View answer

   Option D
   
2. How many NBFC Ombudsman have been appointed till date?
   A) 8
   B) 21
   C) 4
   D) 11
   
   View answer

   Option C
   Explanation: As on date, four NBFC Ombudsman have been appointed with their offices located at Chennai, Kolkata, New Delhi and Mumbai.
3. The headquarter of Society for Worldwide Interbank Financial Telecommunication (SWIFT) is in which country?
   A) Beligum
   B) Germany
   C) United States
   D) Italy
   
   View answer

   Option A
   Explanation: Headquarters of SWIFT- La Hulpe, Belgium; Chairman of SWIFT- Yawar Shah 
4. The Employees’ Provident Funds scheme came into effect in which year?
   A) 1948
   B) 1952
   C) 1964
   D) 1976
   
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   Option B
   Explanation: The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 came into effect on 4 March 1952.
5. In how many languages is the value of the new Rs 20 denomination currency written on the note?
   A) 17
   B) 22
   C) 15
   D) 21
   
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   Option C
   
6. The headquarter of IndusInd bank is in which city?
   A) Pune
   B) Kochi
   C) Chennai
   D) Mumbai
   
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   Option D
   
7. Which of these is not an Indian cryptocurrency exchange?
   A) Coinbase
   B) BuyUcoin
   C) WazirX
   D) Unocoin
   
   View answer

   Option A
   Explanation: Coinbase is a digital currency exchange headquartered in San Francisco, California.
8. The MUDRA Bank is a wholly owned subsidiary of___________
   A) RBI
   B) SIDBI
   C) SEBI
   D) NABARD
   
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   Option B
   Explanation: MUDRA Bank is proposed to be set up through enactment of a law which will take some time. So it was started as a subsidiary of Small Industries Development Bank of India (SIDBI). It was launched on 8 April 2015. On 6 January 2016, it was converted as a wholly owned subsidiary of SIDBI and renamed as MUDRA (SIDBI) Bank.
9. What is the share of the government of India in NHB?
   A) 75%
   B) 51%
   C) 100%
   D) 90%
   
   View answer

   Option C
   
10. The RBI recently signed an SoI to FX Global Code (“Code”). This code is based on how many principles?
    A) 8
    B) 5
    C) 10
    D) 6
    
    View answer

    Option D
    Explanation: The “Code” is based on six principles, namely:

    • Ethics
    • Governance
    • Execution
    • Information Sharing
    • Risk Management and Compliance
    • Confirmation and Settlement Processes.

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