Banking & Financial Awareness Quiz – Set 153

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 AAOSo attempt all the sets now.

Banking & Financial Awareness Questions

  1. The headquarters of World Gold Council is located at _____________
    A) London

    B) Geneva
    C) Paris
    D) New York
    View answer
    Option A
    Explanation:
    London, UK
  2. The UPI-based payment service Mi Pay has been launched by Xiaomi in partnership with which bank?
    A) PNB

    B) ICICI Bank
    C) SBI
    D) Kotak Mahindra Bank
    View answer
    Option B
  3. An 8-member committee was formed by the government to decide lottery GST rates. Who was appointed as the head of the committee?
    A) Nitin Patel

    B) Pramod Agrawal
    C) Pravin Kutumbe
    D) Sudhir Mungantiwar
    View answer
    Option D
  4. Which of these is an example of derivative instruments?
    A) Forwards

    B) Futures
    C) Swaps
    D) All of these
    View answer
    Option D
    Explanation:
    Forwards, Futures, Options and Swaps are most common examples of derivatives
  5. Kisan Suvidha Loan for Small and Marginal Farmers has been launched by which of these banks?
    A) State Bank of India

    B) Fino Payments Bank
    C) Ujjivan Small Finance Bank
    D) ICICI Bank
    View answer
    Option C
    Explanation:
    Ujjivan Small Finance Bank Launches Kisan Suvidha Loan for Small and Marginal Farmers. It will offer collateral free loans to individuals with amount ranging from Rs 60, 000 – Rs 2 lakhs.
  6. What is the current SLR rate?
    A) 19.25%

    B) 19.00%
    C) 19.75%
    D) 20.00%
    View answer
    Option B
  7. Which Indian company has acquired the AI-Based Startup Haptik?
    A) Airtel

    B) Paytm
    C) Reliance Jio
    D) BSNL
    View answer
    Option C
  8. MRR is maintained by the entity which securitises the loans. Expand MRR.
    A) Maximum Retention Range

    B) Minimum Retention Ratio
    C) Maximum Retention Rate
    D) Minimum Retention Requirement 
    View answer
    Option D
    Explanation:
    Minimum Retention Requirement 
  9. Which of these institutions are permitted to sell the Sovereign Gold Bond?
    A) RRBs

    B) NSE
    C) Payments Bank
    D) Small Finance Banks
    View answer
    Option B
  10. Which bank has received the CCI approval to acquire Gruh Finance?
    A) Bandhan Bank

    B) Kotak Mahindra Bank
    C) IndusInd Bank
    D) RBL Bank
    View answer
    Option A

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