Banking & Financial Awareness Quiz – Set 132

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 agencies is responsible for administering laws regarding foreign trade and foreign investment in India?
   A) EXIM
   B) SEBI
   C) RBI
   D) DGFT
   
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   Option D
   Explanation:The Directorate General of Foreign Trade (DGFT) is the agency of the Ministry of Commerce and Industry of the Government of Indiaresponsible for administering laws regarding foreign trade and foreign investment in India.
2. What does BFSI stands for?
   A) Banking Facility and Secure Insurance
   B) Banking for Financial Services & Investment
   C) Banking, Financial Services and Insurance
   D) Banking Foreign Services in India
   
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   Option C
   Explanation: Banking, financial services and insurance is an industry term for companies that provide a range of such financial products/services, such as universal banks
3. Market Stabilization scheme (MSS) is an instrument of ________
   A) Fiscal policy
   B) Monetary policy
   C) Income policy
   D) Economic policy
   
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   Option B
   Explanation: Market Stabilization scheme (MSS) is a monetary policy intervention by the RBI to withdraw excess liquidity (or money supply) by selling government securities in the economy.
4. The Reserve Bank of Australia (RBA) recently printed which denomination banknote with spelling mistake?
   A) $50
   B) $20
   C) $10
   D) $100
   
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   Option A
   
5. Kirobo is world’s first __________
   A) Bio-Tech park
   B) Space Car
   C) Bullet train
   D) Talking robot astronaut
   
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   Option D
   Explanation: Kirobo is Japan’s first robot astronaut
6. India’s first all women post office was set up in which city?
   A) Chandigarh
   B) New Delhi
   C) Pune
   D) Hyderabad
   
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   Option B
   Explanation: Established in March 2013
7. The 2019 WTO ministerial meeting of developing and least developed countries was held in which city in India?
   A) New Delhi
   B) Mumbai
   C) Hyderabad
   D) Surat
   
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   Option A
   
8. The portion of a company’s profit that is not paid out as dividend to shareholders is know as________
   A) Deferred Tax Assets
   B) Risk Weighted Assets
   C) Capital Reserves
   D) Revaluation Reserves
   
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   Option C
   Explanation: Sums allocated to a capital reserve are permanently invested and cannot be used to pay dividends.
9. The Asset Management Companies in India are regulated by______________
   A) LIC
   B) SEBI
   C) RBI
   D) EXIM
   
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   Option B
   
10. DIPAM is under the control of which ministry?
    A) Ministry of Power
    B) Ministry of Home Affairs
    C) Ministry of Commerce & Industry
    D) Ministry of Finance
    
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    Option D
    Explanation: Department of Investment and Public Asset Management (DIPAM)

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