Banking & Financial Awareness Quiz – Set 143

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. What is the size of the new Rs 100 denomination currency note?
   A) 66 mm × 146 mm
   B) 66 mm × 142 mm
   C) 66 mm × 150 mm
   D) 66 mm × 135 mm
   
   View answer

   Option B
   Explanation:Motif-Rani Ki Vav
2. The Section 20 of the RBI act 1934 defines
   A) Obligation of the Bank to transact Government business
   B) Bank to have the right to transact Government business in India
   C) Issue Sovereign Gold Bond (SGB) on behalf of Government of India
   D) Bank to transact Government business of States on agreement
   
   View answer

   Option A
   
3. When the WMA limit is crossed the government takes overdrafts, which are not allowed beyond __________ consecutive working days.
   A) 15
   B) 12
   C) 14
   D) 10
   
   View answer

   Option C
   
4. Who among the following cannot purchase Kisan Vikas Patra?
   A) Hindu Undivided Family (HUF)
   B) Non Resident Indians
   C) Business entities
   D) All of the above
   
   View answer

   Option D
   
5. Which of these is not true about the Payments Bank?
   A) The maximum balance in the account cannot exceed Rs 50,000
   B) They cannot accept NRI deposit
   C) They cannot set up subsidiaries to undertake non-banking financial services activities
   D) They cannot undertake lending activities
   
   View answer

   Option A
   Explanation: The maximum end-of-day balance in the account cannot exceed Rs 1 lakh
6. The small finance bank is required to maintain a minimum capital adequacy ratio of ___________% of its risk weighted assets (RWA)
   A) 10%
   B) 15%
   C) 8%
   D) 12%
   
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   Option B
   Explanation: It shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA) on a continuous basis
7. Padmaja Chunduru is the MD & CEO of which bank?
   A) Allahabad Bank
   B) Bank of India
   C) Punjab National Bank
   D) Indian Bank
   
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   Option D
   
8. Which of these was not one of the Presidency Banks operational in India?
   A) Bank of Hindustan
   B) Bank of Bengal
   C) Bank of Madras
   D) Bank of Bombay
   
   View answer

   Option A
   
9. To be eligible to be included in the Second Schedule of the Reserve Bank of India Act, 1934, banks must have a minimum paid up capital of ____________
   A) Rs 2 lakh
   B) Rs 5 lakh
   C) Rs 10 lakh
   D) Rs 7 lakh
   
   View answer

   Option B
   Explanation: Banks having paid up capital of at least Rs 5 lakh are eligible for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934.
10. RBI has its office in how many locations in India?
    A) 21
    B) 29
    C) 31
    D) 35
    
    View answer

    Option C
    Explanation: The Reserve Bank of India has offices at 31 locations

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