Banking & Financial Awareness Quiz – Set 129

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 limits for FPI investment in municipal bonds has been set at _______ percent of outstanding stock of securities
   A) 3%
   B) 5%
   C) 2%
   D) 4%
   
   View answer

   Option C
   Explanation: The limits for FPI investment in municipal bonds is 2 percent of outstanding stock of securities.
2. For the Economically Weaker Sections (EWS), what should be the income limit of the family to be eligible for housing loans?
   A) Rs 1 lakh pa
   B) Rs 3 lakh pa
   C) Rs 5 lakh pa
   D) Rs 6 lakh pa
   
   View answer

   Option B
   Explanation:Family income limit eligible for loans to housing projects for Economically Weaker Sections (EWS) – ₹ 3 lakh per annum. Family income limit eligible for loans to housing projects for Low Income Groups (LIG) – ₹ 6 lakh per annum
3. Which of these countries is going to have world’s first Crypto Powered City?
   A) Malaysia
   B) Thailand
   C) Australia
   D) United States
   
   View answer

   Option A
   Explanation: Malaysia is set to become the site of the world’s first crypto city, where cryptocurrency called DMI will be used in place of cash.
4. The sovereign loans operations in India started in which year?
   A) 1975
   B) 2005
   C) 1999
   D) 1986
   
   View answer

   Option D
   
5. The Reserve Bank of India has extended the deadline for market participants for the implementation of LEI to participate in non-derivative markets. Expand LEI
   A) Liquidity Enhancement Instrument
   B) Legal Entity Identifier
   C) Loan Enabled Institution
   D) Logical Enterprise Investment
   
   View answer

   Option B
   Explanation: The Reserve Bank of India has extended the deadline for market participants for the implementation of Legal Entity Identifier (LEI) for participation in non-derivative markets.
6. Which of these institutions has reduced the minimum Net worth Requirements for Clearing Corporations in International Financial Services Centre (IFSC)?
   A) RBI
   B) BSE
   C) SEBI
   D) IRDAI
   
   View answer

   Option C
   
7. What is the maximum compensation amount which can be awarded by the NBFC Ombudsman?
   A) Rs 10 lakh
   B) Rs 15 lakh
   C) Rs 25 lakh
   D) Rs 5 lakh
   
   View answer

   Option A
   
8. Who has been named as the new CEO of the SWIFT to take charge on July 1, 2019?
   A) Gottfried Leibbrandt
   B) Yawar Shah
   C) Javier Perez-Tasso
   D) John N. Dalton
   
   View answer

   Option C
   Explanation: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has named Javier Pérez-Tasso as its new CEO and he will replace the present CEO Gottfried Leibbrandt on July 01, 2019.
9. Which of these new Indian currencies is Greenish Yellow in color?
   A) Rs 50
   B) Rs 20
   C) Rs 100
   D) Rs 200
   
   View answer

   Option B
   
10. The Employees’ Provident Fund Organisation (EPFO) is under the administrative control of which ministry?
    A) Ministry of Finance
    B) Ministry of Commerce & Industry
    C) Ministry of Home Affairs
    D) Ministry of Labour and Employment
    
    View answer

    Option D
    

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