Banking & Financial Awareness Quiz – Set 128

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. Name the technology platform launched by India to reach over two billion people worldwide who are still without bank accounts?
   A) PAISA
   B) APIX
   C) MOPAD
   D) CAMPA
   
   View answer

   Option B
   Explanation: Prime Minister Narendra Modi launched the APIX (Application Programming Interface Exchange), a banking technology platform designed to reach nearly two billion people worldwide who are still without bank accounts. 
   
2. The instant loan disbursal facility ‘Boost’ has been launched by which of these mobile wallet company?
   A) Freecharge
   B) PhonePe
   C) Paytm
   D) MobiKwik
   
   View answer

   Option D
   Explanation: “Boost” that will enable the users to get loans of up to Rs 60,000 in their e-wallet within 90 seconds.
3. The “eATM Order” service has been started by which firm to enable retail investors get around Rs 50000 money credited into bank account within 30 minutes?
   A) HDFC Securities
   B) Kotak Securities
   C) ICICI Securities
   D) Reliance Securities
   
   View answer

   Option C
   
4. What is the minimum prescribed limit of CRAR that has to be maintained by the RRBs?
   A) 7%
   B) 10%
   C) 8%
   D) 9%
   
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   Option D
   Explanation: The government has approved extension of recapitalisation scheme for Regional Rural Banks (RRBs) for next three years up to 2019-20 to enable the RRBs to maintain the minimum prescribed CRAR of 9 per cent
5. Who is the Chairman of the Indian Banks’ Association?
   A) Sunil Mehta
   B) Shyam Srinivasan
   C) Rajnish Kumar
   D) Dina Bandhu Mohapatra
   
   View answer

   Option A
   
6. RBI has shortlisted five IT firms for implementation of CIMS for seamless data collection and validations. Expand CIMS
   A) Core Independent and Mutual Service
   B) Centralized Information and Management System
   C) Common Information Managing Solution
   D) Collective Institutional Management System
   
   View answer

   Option B
   Explanation: The Reserve Bank has shortlisted five IT firms for implementation of a centralized information and management system (CIMS) for seamless data collection and validations.
7. Which of these organisation aims to develop the mutual funds market in India?
   A) RBI
   B) SEBI
   C) AMFI
   D) IRDAI
   
   View answer

   Option C
   Explanation: The Association of Mutual Funds in India (AMFI) is an industry standards organisation in India in the mutual funds sector
8. The head office of the Fino Payments Bank (FPB) is in which city?
   A) Chennai
   B) Jaipur
   C) Noida
   D) Navi Mumbai
   
   View answer

   Option D
   
9. The startups would be exempted from levy of angel tax on funds raised up to Rs____________.
   A) Rs 25 crore
   B) Rs 10 crore
   C) Rs 50 crore
   D) Rs 20 crore
   
   View answer

   Option A
   
10. The Bank of Baroda has inked pact with how many companies to develop an agriculture digital platform ‘Baroda Kisan’?
    A) 11
    B) 6
    C) 2
    D) 8
    
    View answer
    Option B
    Explanation: Bank of Baroda has signed MoU with six companies to develop an agriculture digital platform, ‘Baroda Kisan’ that will provide solutions for agricultural requirements./su_spoiler]

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