Banking & Financial Awareness Quiz – Set 126

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. What is the limit set for housing loan under priority sector lending for RRBs and SFBs in metropolitan centres?
   A) Rs 45 lakh
   B) Rs 55 lakh
   C) Rs 25 lakh
   D) Rs 35 lakh
   
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   Option D
   Explanation: Housing loans to individuals in metropolitan centres (with population of ten lakh and above) – up to ₹ 35 lakh [provided the overall cost of the dwelling unit in the metropolitan centres does not exceed ₹ 45 lakh] Housing loans to individuals in other centres – up to ₹ 25 lakh [provided the overall cost of the dwelling unit at other center does not exceed ₹ 30 lakh]
2. RBI has recently imposed monetary penalty on five PPI Issuers for non-compliance of regulatory guidelines. This was done on the basis of the power granted to RBI under __________
   A) Section 5 of Reserve Bank of India Act, 1934
   B) Section 30 of the Payment and Settlement Systems Act, 2007
   C) Section 45 of Banking Regulation Act, 1949
   D) Section 13 of Negotiable Instruments Act, 1881
   
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   Option B
   Explanation: In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India (RBI) has imposed monetary penalty on five PPI Issuers for non-compliance of regulatory guidelines
3. Which of the following institutions has recently launched the ‘Action Plan for Healthy Oceans and Sustainable Blue Economies’ for the Asia and Pacific region?
   A) Asian Development Bank
   B) World Economic Forum
   C) International Monetary Fund
   D) United Nations Development Programme
   
   View answer

   Option A
   Explanation: The Asian Development Bank (ADB) has launched the ‘Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region’. The initiative was launched at the 52nd Annual Meeting of ADB’s Board of Governors in Fiji. The $5 billion action plan will run between 2019–2024 
4. Which denomination currency bill of Canada has won the IBNS Banknote of the Year 2018?
   A) $ 5
   B) $ 20
   C) $ 10
   D) $ 50
   
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   Option C
   Explanation: Canadian $10 bill has been adjudged as the best bank note for 2018 by the International Bank Note Society (IBNS) which features civil rights activist Viola Desmond
5. The Global Registry of Violent Deaths (GReVD) initiative of SIPRI aims to reduce all forms of violence and related death rates globally by which year?
   A) 2022
   B) 2030
   C) 2025
   D) 2035
   
   View answer

   Option B
   Explanation: The Stockholm International Peace Research Institute (SIPRI) has set up a new initiative named Global Registry of Violent Deaths (GReVD) to establish the annual number of violent deaths worldwide. The initiative aims to monitor the progress on the world’s commitment to ‘significantly reduce all forms of violence and related death rates everywhere’ by 2030
6. Which city emerged as the top investment destination by Indian investors in the year 2018?
   A) Tokyo
   B) Dubai
   C) Paris
   D) London
   
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   Option D
   Explanation:London emerged as the top choice for Indian investors ahead of other cities such as Dubai and Singapore, with investments by Indian companies in the British capital reaching an all-time high last year, according to a new analysis.The UK emerged as the top most country to attract Indian FDI with 52 projects, ahead of the US (51) and the UAE (32), in 2018
7. The government of France has planned to organise an investment conclave in which state of India in October 2019?
   A) Maharashtra
   B) Andhra Pradesh
   C) Goa
   D) Gujarat
   
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   Option C
   Explanation:The Government of France is planning to organise an investment conclave in Goa in October this year, to encourage French companies to invest in various sectors in the coastal state.
8. The government has fixed high OMS price for wheat to force private traders to buy from farmers. What does OMS stands for?
   A) Open Market Sale
   B) Open Market Service
   C) Open Market Standard
   D) Open Market Stock
   
   View answer

   Option A
   
9. Who is the Chairman of the Fifteenth Finance Commission of India?
   A) Ashok Lahiri
   B) Nand Kishore Singh
   C) Shaktikanta Das
   D) Ajay Narayan Jha
   
   View answer

   Option B
   
10. According to the data of Ministry of Finance, the GST collection in April 2019 was all time high at __________
    A) Rs 1.55 lakh crore
    B) Rs 1.01 lakh crore
    C) Rs 1.21 lakh crore
    D) Rs 1.13 lakh crore
    
    View answer

    Option D
    Explanation: The Goods and Services Tax, GST collection scaled all-time high of over 1.13 lakh crore rupees last month, up from 1.06 lakh crore rupees in the previous month.

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