Banking & Financial Awareness Quiz – Set 134

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 is currently India’s most-valued firm in terms of market capitalization?
   A) HDFC
   B) TCS
   C) RIL
   D) ITC
   
   View answer

   Option C
   
2. The headquarter of the Nordic Investment Bank(NIB) is in which country?
   A) Rome, Italy
   B) Russia, Moscow
   C) Beijing, China
   D) Helsinki, Finland
   
   View answer

   Option D
   
3. Which of these committees has been formed to review the Economic Capital Framework for the RBI?
   A) Venugopal Reddy Committee
   B) C. Rangarajan Committee
   C) Bimal Jalan Committee
   D) Duvvuri Subbarao Committee
   
   View answer

   Option C
   Explanation: A high-level panel led by former RBI governor Bimal Jalan, was appointed on December 26, 2018 to review the Economic Capital Framework for the RBI. 
4. Ministry of Electronics and Information Technology has set the target to achieve around ________ crore digital payment transactions for FY20?
   A) Rs 2000 cr
   B) Rs 4000 cr
   C) Rs 3000 cr
   D) Rs 5000 cr
   
   View answer

   Option B
   Explanation: MeitY has set an overall target of 4,019 crore digital payment transactions for FY20. Of this, a target of 3,411 crore digital payment transactions is allocated to banks
5. What does L denotes in MCLR?
   A) Lending
   B) Liquidity
   C) Lot
   D) Liberalized
   
   View answer

   Option A
   Explanation:  Marginal Cost of Funds based Lending Rate (MCLR) is the minimum interest rate, below which a bank is not permitted to lend
6. What do you understand by Par Value?
   A) Purchase value of bond
   B) Coupon rate of a bond
   C) Discount rate of a bond
   D) Face value of a bond
   
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   Option D
   Explanation: Par value is the face value of a bond. The par value is the amount of money that bond issuers promise to repay bondholders at the maturity date of the bond. A bond is essentially a written promise that the amount loaned to the issuer will be repaid.
7. To open a bank account, which of these documents is not required?
   A) Domicile certificate
   B) Recent photograph
   C) Address proof
   D) Identity proof
   
   View answer

   Option A
   
8. In NEFT/RTGS transaction, which of these data is not required?
   A) Amount to be transacted
   B) IFSC code of the destination bank branch
   C) MICR code of the destination bank branch
   D) All of the above is required
   
   View answer

   Option C
   
9. Which of these defines Leverage
   A) Ratio of capital to assets
   B) Ratio of assets to capital
   C) Ratio of capital to market risk
   D) Ratio of market risk to capital
   
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   Option B
   Explanation: Leverage results from using borrowed capital as a funding source when investing to expand the firm’s asset base and generate returns on risk capital.
10. _____________ is a financial statement that defines the type and amount of assets, liabilities and capital of a firm as on a particular date
    A) Income Statement
    B) Journal
    C) Ledger
    D) Balance sheet
    
    View answer

    Option D
    

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