Banking & Financial Awareness Quiz – Set 120

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. The membership of an ideal Self Help Group (SHG) group could be between ________ persons.
   A) 10 to 20
   B) 5 to 10
   C) 15 to 25
   D) 20 to 30
   
   View answer

   Option A
   
2. Which of these Financial Market Infrastructures (FMI) are regulated by RBI?
   A) Real Time Gross Settlement System (RTGS)
   B) Securities Settlement Systems (SSS)
   C) Clearing Corporation of India Ltd (CCIL)
   D) All of these
   
   View answer

   Option D
   
3. Which committee recommended the formation of the National Company Law Tribunal (NCLT)?
   A) Ashok Mehta Committee
   B) Eradi Committee
   C) Gadgil Committee
   D) D.K. Mohanty Committee
   
   View answer

   Option B
   
4. As per RBI, the minimum area of the strong room/ vault for setting up of a new Currency Chests, other than in hilly regions, should be_____________
   A) 5000 sq ft
   B) 2000 sq ft
   C) 1500 sq ft
   D) 1000 sq ft
   
   View answer

   Option C
   Explanation: The Reserve Bank of India has decided to have the following minimum standards for setting up of a new Currency Chests. Minimum area of the strong room/ vault: 1500 sq. ft. For those situated in hilly/inaccessible places area of the strong room/ vault: at least 600 sq. ft.
5. Which of these banks has tied up with BSE to promote the BSE Startups platform?
   A) State Bank of India
   B) ICICI Bank
   C) Punjab National Bank
   D) HDFC Bank
   
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   Option D
   Explanation: BSE (formerly Bombay Stock Exchange) has signed of a memorandum of understanding (MoU) with HDFC Bank to spread awareness about the benefits of listing on BSE Startups platform.
6. What was the total remittance received by India in 2018 as per World Bank’s Migration and Development Report?
   A) USD 79 billion
   B) USD 61 billion
   C) USD 85 billion
   D) USD 53 billion
   
   View answer

   Option A
   Explanation: India has retained its spot as the world’s top remittance receiving nation with Indian diaspora sending back USD 79 billion to India in 2018. This is according to the World Bank’s Migration and Development Report.
7. The world’s first Islamic Bank to launch Banking Service via Whatsapp is located in which city?
   A) Muscat
   B) Amman
   C) Doha
   D) Dubai
   
   View answer

   Option D
   Explanation: Emirates Islamic a bank in Dubai, UAE has announced the launch of Chat Banking services for customers via WhatsApp. With this, it will become the world’s first Islamic Bank to launch Banking Service via Whatsapp. 
8. What was the volume of priority sector lending certificates (PSLCs) in the FY19?
   A) Rs 5.5 trillion
   B) Rs 2.2 trillion
   C) Rs 3.3 trillion
   D) Rs 4.4 trillion
   
   View answer

   Option C
   Explanation: The volume of priority sector lending certificates (PSLCs) increased to Rs 3.3 trillion in FY19
9.  LCR requires banks to hold enough high-quality liquid assets (HQLA) to ensure their ongoing ability to meet short-term obligations. What does LCR stands for?
   A) Liquidity Coverage Ratio
   B) Legal Credit Registry
   C) Liberalised Currency Rate
   D) Lending Capital Ratio
   
   View answer

   Option A
   
10. What is the Sovereign rating of India for 2018-19 as per Fitch?
    A) BB+
    B) BBB-
    C) BB-
    D) BBB+
    
    View answer

    Option B
    

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