Banking & Financial Awareness Quiz – Set 146

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 Index for Industrial Production (IIP) is released by which organisation?
   A) National Sample Survey Office
   B) Ministry of Finance
   C) Central Statistical Organisation
   D) Reserve Bank of India
   
   View answer

   Option C
   
2. Which of these forms will have to be submitted to claim exemption from TDS on interest income?
   A) Form 15H
   B) Form 12I
   C) Form 8C
   D) Form 10A
   
   View answer

   Option A
   
3. Which among the following body authorizes bank branches to act like Currency Chests?
   A) Ministry of Finance
   B) RBI
   C) Indian Banking Association
   D) SEBI
   
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   Option B
   
4. The initial authorized capital of the New Development Bank is _______________
   A) $50 billion
   B) $150 billion
   C) $100 billion 
   D) $200 billion
   
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   Option C
   
5. Differential rates of interest can be paid on single term deposits of Rs ___________lakh and above
   A) Rs 8 lakh
   B) Rs 12 lakh
   C) Rs 10 lakh
   D) Rs 15 lakh
   
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   Option D
   
6. The _______________ services is the payment made in advance and benefits are availed afterward.
   A) Advance
   B) Prepaid
   C) Postpaid
   D) Prior
   
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   Option B
   
7. The Indian rupee is a ____________ convertible currency
   A) Partially convertible
   B) Non convertible
   C) Fully convertible
   D) None of these
   
   View answer

   Option A
   
8. The Benares State Bank Ltd. merge with which of these banks in 2002?
   A) State Bank of India
   B) ICICI Bank
   C) Bank of Baroda
   D) Punjab National Bank
   
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   Option C
   
9. What is the overdraft limit applicable to the PMJDY Yojana?
   A) Rs 15,000
   B) Rs 10,000
   C) Rs 5,000
   D) Rs 20,000
   
   View answer

   Option B
   Explanation: Overdraft limit to PMJDY account holder upto ₹ 10,000/- with age limit of 18-65 years.
10. Issuer Identification Number is a ____________ digit number to identify bank providing the AEPS service
    A) 11 digit
    B) 9 digit
    C) 5 digit
    D) 6 digit
    
    View answer

    Option D
    Explanation: IIN – Issuer Identification Number – It is a six digit number which acts as an identification of a bank providing the AEPS service.

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