Banking & Financial Awareness Quiz – Set 161

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. What is the medium-term target for consumer price index (CPI) inflation set by RBI?
    A) 4.5%

    B) 3.2%
    C) 2.8%
    D) 4%
    View answer
    Option D
  2. How many Small Finance Banks are operational in India?
    A) 8
    B) 10
    C) 12
    D) 6
    View answer
    Option B
    Explanation:
    In the case of Small Finance Banks, license was issued to ten such banks. Further, eight of the ten Small Finance Banks have also been included in the second schedule of the RBI Act, 1934.
  3. One basis point is equal to ____________
    A) 1.00%

    B) 0.10%
    C) 0.01% 
    D) 0.001%
    View answer
    Option C
    Explanation:
    One basis point is equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal form.
  4. How many core industry sector are there in the Indian Economy?
    A) 8

    B) 6
    C) 10
    D) 7
    View answer
    Option A
    Explanation:
    There are eight core sectors in India namely coal, crude oil, natural gas, petroleum refinery products, fertilisers, steel, cement and electricity
  5. Expand PMJJBY
    A) Pradhan Mantri Janam Jyoti Bima Yojana

    B) Pradhan Mantri Jeevit Jaan Bima Yojana
    C) Pradhan Mantri Jagmag Jeevan Bima Yojana
    D) Pradhan Mantri Jeevan Jyoti Bima Yojana
    View answer
    Option D
  6. Credit Suisse Group AG is a multinational investment bank and financial services company based in ___________
    A) United States

    B) Switzerland
    C) Singapore
    D) United Kingdom
    View answer
    Option B
  7. Name the head of the 6 member committee formed to review the economic capital framework for RBI?
    A) Bimal Jalan

    B) Subhash Chandra Garg
    C) Rakesh Mohan
    D) NS Vishwanathan
    View answer
    Option A
    Explanation:
    It was on December 26, 2018, the six-member committee led by Bimal Jalan was appointed to review the economic capital framework for the central bank
  8. The World Competitiveness Rankings is released by __________
    A) IMF

    B) WEF
    C) IMD, Switzerland
    D) World Bank
    View answer
    Option C
    Explanation:
    International Institute for Management Development (IMD)
  9. All export and import-related activities are governed by the FTP. It stands for___________
    A) File Transfer Protocol

    B) Foreign Trade Policy
    C) Fund Transfer Pricing
    D) Foreign Transaction Pinciples
    View answer
    Option B
  10. GNI = ________________ + Money flowing from foreign countries – Money floiwng to foreign countries
    A) GNI
    B) NNP
    C) GNP
    D) GDP
    View answer
    Option D
    Explanation:
    The gross national income, previously known as gross national product, is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product, plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.

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