Banking & Financial Awareness Quiz – Set 139

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 Government has announced to divest its __________ percent stake in RailTel Corporation
   A) 10%
   B) 15%
   C) 25%
   D) 20%
   
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   Option C
   Explanation: The government is looking to divest up to 25 per cent stake in RailTel Corporation, and is scouting for merchant bankers to manage the listing process.
2. Identify the the incorrect pair of new denomination currency with its respective motif
   A) Rs 100 – Hampi with Chariot
   B) Rs 200 – Sanchi Stupa
   C) Rs 10 –  Sun Temple, Konark
   D) Rs 500 – Red Fort
   
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   Option A
   Explanation: 200 note has a motif Sanchi Stupa while Rs 500 note has Red Fort, Rs 20 has the motif of the Ellora Caves, Rs 10 has Sun Temple, Konark, Rs 100 has “Rani ki Vav” (Queen’s stepwell) and Rs 2000 has Mangalyaan and Rs 50 has ‘Hampi with Chariot’
3. With which of the following countries, India do not have free trade agreement partnership?
   A) Australia
   B) Thailand
   C) Japan
   D) China
   
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   Option D
   Explanation: India do not have free trade agreement with United States and China. It has FTA with Association of South East Asian Nations (ASEAN), Japan and South Korea
4. Which of these is not a part of foreign exchange reserves?
   A) Gold Reserve
   B) SDR
   C) T-Bills
   D) Foreign Currency Assets
   
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   Option C
   
5. The banks are mandated to provide uniform interest rate on savings bank deposits up to Rs ___________
   A) Rs 1 lakh
   B) Rs 50,000
   C) Rs 2 lakh
   D) Rs 3 lakh
   
   View answer

   Option A
   
6. For short duration crops, the loans taken will be considered as NPA if the installment of principal or interest thereon remains overdue for more than___________
   A) 90 Days
   B) two crop seasons
   C) one crop season
   D) 3 months
   
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   Option B
   
7. The Union Bank of India merged with Sikkim Bank Ltd. in which year?
   A) 1992
   B) 2000
   C) 1999
   D) 1990
   
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   Option C
   
8. The stock that indicates the ownership interest in the company is known as___________
   A) Debt
   B) Debenture
   C) Shares
   D) Equity
   
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   Option D
   
9. The LRS scheme of RBI is related to____________
   A) Low interest rate loans for SME Farmers
   B) Transfer of funds abroad
   C) Investment in government securities
   D) FDI investment in Indian companies
   
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   Option B
   Explanation: The Liberalised Remittance Scheme (LRS) was established by Reserve Bank of India and it permits citizens of India to transfer funds abroad. 
10. No requirement of minimum balance is a feature of ______________
    A) BSBDA account
    B) Current Account
    C) Term Deposit Account
    D) Sukanya Samridhhi Account
    
    View answer

    Option A
    

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