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
- What is the minimum balance required to be maintained in the pension account maintained with the banks?
A) No such limit
B) Rs 1,000
C) Rs 500
D) Rs 5,000
- Reserve Bank of India has the right and obligation to function as banker to all the state government except for the state government of ___________
A) Tripura
B) Jammu & Kashmir
C) Sikkim
D) Nagaland
- Currently, which of these Banking Ombudsman Scheme is in operation?
A) 2006
B) 2010
C) 1999
D) 2012
- Short term borrowings includes borrowing of tenor up to but less than ___________
A) 3 months
B) 18 months
C) 6 months
D) 12 months
- ARM is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. What does ARM stands for?
A) Alternative Rate Mortgage
B) Applied Rate Mortgage
C) Adjustable Rate Mortgage
D) Adaptive Rate Mortgage
- Banks are required to enter into agreement with CPTCs to participate in the Gold Monetisation Scheme. What do we mean by CPTCs?
A) Certified Professional Technical Communicator
B) Collection and Purity Testing Centre
C) Central Payments Technology Club
D) Central Passenger Terminal Complex
- External Commercial Borrowings from overseas have to be in compliance with the applicable guidelines contained in___________
A) Export-Import Bank of India Act, 1981
B) Securities and Exchange Board of India Act, 2018
C) Reserve Bank of India Act, 1934
D) Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2018
- Which of the following NRI accounts in India allows only Term Deposit?
A) Foreign Currency (Non-Resident) Account [FCNR]
B) Non-Resident (External) Rupee Account [NRE]
C) Non-Resident Ordinary Rupee Account [NRO]
D) None of these
- What is the maximum limit per transaction allowed using PPIs for cross-border outward transactions
A) Rs 5,000
B) Rs 10,000
C) Rs 12,000
D) Rs 15,000
- At what rate is the compensation paid by banks to eligible customers for delays beyond 7 working days in resolving failed ATM transactions?
A) Rs 150 per day
B) Rs 50 per day
C) Rs 100 per day
D) Rs 75 per day