Banking & Financial Awareness Quiz – Set 133

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 Fifteenth Finance Commission was formed in which year?
   A) 2014
   B) 2017
   C) 2015
   D) 2016
   
   View answer

   Option B
   Explanation: The commission’s chairman is N. K. Singh
2. In IPR, I stands for ____________ Property Rights
   A) Intellectual
   B) Interest
   C) International
   D) Intermediate
   
   View answer

   Option A
   
3. The Reserve Bank of India has set the target to achieve 4 percent Consumer Price Index (CPI) inflation by which year?
   A) March 2022
   B) March 2025
   C) March 2020
   D) March 2021
   
   View answer

   Option D
   Explanation: The Central Government has notified in the Official Gazette 4 percent Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.
4. VPA is given to an individual using the Unified Payment Interface (UPI) service to send or receive money. What does it stands for?
   A) Venture Payment Address
   B) Virtual Payment Address
   C) Variable Payment Address
   D) Verification Payment Address
   
   View answer

   Option B
   
5. The Nikkei stock index represents which country?
   A) China
   B) United States
   C) Japan
   D) Russia
   
   View answer

   Option C
   Explanation: It is a stock market index for the Tokyo Stock Exchange.
6. What is the minimum Chest Balance Limit (CBL) proposed by RBI appointed committee for the banks eligible to set up currency chests?
   A) Rs 1,000 crore
   B) Rs 5,000 crore
   C) Rs 500 crore
   D) Rs 2,000 crore
   
   View answer

   Option A
   
7. Which denomination of bank note, having the signature of RBI Governor Shaktikanta Das, has been put into circulation?
   A) Rs 20
   B) Rs 50
   C) Rs 100
   D) Rs 500
   
   View answer

   Option B
   Explanation: The Reserve Bank of India has put into circulation 50 rupees denomination banknotes signed by its Governor Shaktikanta Das.
8. What is the tenure of the Dollar-Rupee (USD/INR) swap auction launched by RBI to increase rupee liquidity in the market.
   A) 4 years
   B) 1 year
   C) 2 years
   D) 3 years
   
   View answer

   Option D
   
9. Goods and Services Taxpayer Identification Number (GSTIN) is a ___________ digit number
   A) 15
   B) 21
   C) 10
   D) 12
   
   View answer

   Option A
   Explanation: Each taxpayer is assigned a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN)
10. What is the total corpus of NABVENTURES Fund launched by NABARD?
    A) Rs 200 crore
    B) Rs 500 crore
    C) Rs 700 crore
    D) Rs 800 crore
    
    View answer

    Option C
    

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