Banking & Financial Awareness Quiz – Set 145

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. P V Bharathi is the Managing Director and Chief Executive Officer of which bank?
   A) Bank of Maharashtra
   B) UCO Bank
   C) Punjab National Bank
   D) Corporation Bank
   
   View answer

   Option D
   
2. What is the maximum income limit to seek TDS exemption on interest income on deposits in banks and post offices?
   A) Rs 5 lakh
   B) Rs 4 lakh
   C) Rs 2.5 lakh
   D) Rs 3 lakh
   
   View answer

   Option A
   Explanation: Senior citizens with a taxable income of up to Rs 5 lakh can now submit Form 15H to claim exemption from TDS on interest income on deposits in banks and post offices. Earlier, the limit for seeking TDS exemption was Rs 2.5 lakh. 
3. What is the minimum retention period prescribed by RBI under the Voluntary Retention Route for Investments by FPIs?
   A) 5 years
   B) 3 years
   C) 2 years
   D) 4  years
   
   View answer

   Option B
   
4. When the non-bank financial intermediaries provides banking services similar to traditional commercial banks but outside normal banking regulations, it is known as___________
   A) Non-Commercial Banking
   B) Narrow Banking
   C) Shadow Banking
   D) Unregulated Banking
   
   View answer

   Option C
   
5. ______________ is tradable digital asset / money, built on blockchain technology that only exists online
   A) Bitscurrency
   B) Protocurrency
   C) Gigacurrency
   D) Cryptocurrency
   
   View answer

   Option D
   
6. When a country exports a greater value than it imports, it is known as ____________
   A) Trade Surplus
   B) Trade Deficit
   C) Balance of trade
   D) Fair trade
   
   View answer

   Option A
   
7. The World Bank funded national agricultural higher education project (NAHEP) is being implemented by____________
   A) Central Agricultural University
   B) National Academy of Agricultural Research Management
   C) National Institute of Agricultural Extension Management
   D) Indian Agricultural Statistics Research Institute
   
   View answer

   Option B
   Explanation: National Academy of Agricultural Research Management (NAARM)
8. Which is the first Indian company to issue masala bonds?
   A) KIIFB
   B) NTPC
   C) HDFC
   D) NHAI
   
   View answer

   Option C
   Explanation: In July 2016 HDFC raised 3,000 crore rupees from Masala bonds and thereby became the first Indian company to issue masala bonds
9. The Headquarters of Ujjivan Small Finance Bank is located at?
   A) Bengaluru
   B) Jaipur
   C) Chennai
   D) Mumbai
   
   View answer

   Option A
   
10. Ola has partnered with which bank to launch its own credit card?
    A) HDFC Bank
    B) Punjab National Bank
    C) ICICI Bank
    D) State Bank of India
    
    View answer

    Option D
    Explanation: Cab aggregator Ola has launched Ola Money Credit Card in partnership with State Bank of India. The Ola Money Credit Card is powered by Visa.

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