Banking & Financial Awareness Quiz – Set 152

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 Investor Protection and Education Fund (IPEF) has been created by _______
   A) SEBI
   B) RBI
   C) NABARD
   D) IRDAI
   
   View answer

   Option A
   Explanation: Created by SEBI under Section 11 of the SEBI Act.
2. The first ever international cross-currency payment using blockchain technology has been under taken between the central banks of which countries?
   A) UAE & Ireland
   B) United States & Finland
   C) Singapore & Canada
   D) New Zealand & Australia
   
   View answer

   Option C
   Explanation:The Monetary Authority of Singapore and the Bank of Canada
3. Malacca has planned to soon become cryptocurency city by replacing cash with digital coin called DMI. The city is located in which country?
   A) Finland
   B) Singapore
   C) United Arab Emirates
   D) Malaysia
   
   View answer

   Option D
   Explanation: Malaysia is set to become the site of the world’s first crypto city, where cryptocurrency called DMI will be used in place of cash.
4. The housing loan limit under the priority sector is decided by__________
   A) IRDAI
   B) RBI
   C) Ministry of Finance
   D) Individual Banks
   
   View answer

   Option B
   
5. What is the total outlay of the venture capital fund NABVENTURES Fund I, launched by NABARD for equity investments in startups engaged in agriculture?
   A) Rs 800 crore
   B) Rs 500 crore
   C) Rs 700 crore
   D) Rs 600 crore
   
   View answer

   Option C
   
6. Name the credit card launched by Paytm in partnership with Citibank?
   A) Paytm First Card
   B) Paytm Credit First
   C) Paytm Citi Card
   D) Paytm Plus Card
   
   View answer

   Option A
   
7. The Rs.69.41 crore National Agricultural Higher Education Project (NAHEP) of India will be funded by ____________
   A) RBI
   B) NABARD
   C) ADB
   D) World Bank
   
   View answer

   Option D
   
8. The World Economic Situation and Prospects (WESP) report is released by ___________
   A) World Bank
   B) United Nations
   C) International Monetary Fund
   D) World Economic Forum
   
   View answer

   Option B
   
9. What is the deadline given to Central Board of Direct Taxes (CBDT) task force to draft a new Direct Tax Code?
   A) July 31, 2019.
   B) June 30, 2019
   C) August 31, 2019
   D) September 30, 2019
   
   View answer

   Option A
   
10. What is the maximum tenure of the Sovereign Gold Bonds?
    A) 10 years
    B) 5 years
    C) 8 years
    D) 12 years
    
    View answer

    Option C
    Explanation: 8 years with exit option after 5th year to be exercised on the interest payment dates.

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