Banking Quiz.

Banking & Financial Awareness Quiz – Set 167

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 credit rating agencies in India are regulated by _____________
    A) RBI

    B) EXIM
    C) SEBI
    D) SIDBI
    View answer
    Option C
  2. Digital Wallet app ‘Pockets’ is launched by which bank?
    A) ICICI Bank

    B) Yes Bank
    C) Axis Bank
    D) Kotak Mahindra Bank
    View answer
    Option A
  3. The role of banking ombudsman comes into picture if the complaint is not settled by banks within ___________
    A) 3 months
    B) 1 month
    C) 15 days
    D) 6 months
    View answer
    Option B
  4. The work of the auditors are regulated by which body in India?
    A) Reserve Bank of India

    B) Securities & Exchange Board of India
    C) Institute of Chartered Accountants of India
    D) National Financial Reporting Authority
    View answer
    Option D
  5. Cash Reserve Ratio is maintained by commercial bank with the RBI in which form?
    A) Gold

    B) Government Securities
    C) Cash
    D) All the above
    View answer
    Option C
  6. Online and mobile only banking is an example of ___________
    A) Unit Banking

    B) Shadow Banking
    C) Universal Banking
    D) Direct Banking
    View answer
    Option D
  7. ____________ is the very first source of funding that an entrepreneur receives to transform the idea into business
    A) Seed Capital
    B) Venture Capital
    C) Equity Capital
    D) Angel Capital
    View answer
    Option A
    Explanation:
    Seed funding may come from various sources such as family members, friends, banks, or angel investors.
  8. SMERA is a _______________
    A) Digital loan provider

    B) Asset reconstruction company
    C) Credit rating agency
    D) App for agri farmers
    View answer
    Option C
    Explanation:
    SMERA is a ratings and research agency exclusively set up for micro, small and medium enterprises MSME
  9. The concept of Public Credit Registry (PCR) is based on the recommendation of which committee?
    A) N.S. Vishwanathan

    B) Y.M. Deosthalee
    C) B.P. Kanungo
    D) M.K. Jain
    View answer
    Option B
  10. Aadhaar Virtual ID is a ____________digit temporary code
    A) 11

    B) 15
    C) 12
    D) 16
    View answer
    Option D
    Explanation:
    Aadhaar Virtual ID is a 16-digit temporary code that can be used for Aadhaar authentications. 

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