Banking & Financial Awareness Quiz – Set 176

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.

1. Who among the following is eligible to get Debit Card?
   A) Customers having Savings Bank account with the bank
   B) All customers of a bank
   C) Individuals interest in Mutual Funds
   D) Only those customers who have Fixed Deposit account with the bank
   
   View answer

   Option B
   
2. The Priority Sector Lending Certificates (PSLC) are of ________ types
   A) 1
   B) 5
   C) 3
   D) 4
   
   View answer

   Option D
   Explanation: There are four kinds of PSLCs

   1. PSLC Agriculture: Counting for achievement towards the total agriculture lending target.
   2. PSLC SF/MF: Counting for achievement towards the sub-target for lending to Small and Marginal Farmers.
   3. PSLC Micro Enterprises: Counting for achievement towards the sub target for lending to Micro Enterprises.
   4. PSLC General:Counting for achievement towards the overall priority sector target.

3. Which section of RBI Act enables the Reserve Bank to prescribe the CRR for SCBs?
   A) Section 42(1)
   B) Section 35(1)
   C) Section 28(1)
   D) Section 12(1)
   
   View answer

   Option A
   Explanation: Section 42(1) of the RBI Act, 1934
4. Which of these terms is not related to banking?
   A) Debt
   B) Dividend
   C) Domestic
   D) Debentures
   
   View answer

   Option C
   
5. Centurion Bank of Punjab merged with which bank in 2008?
   A) ICICI Bank
   B) HDFC Bank
   C) Federal Bank
   D) State Bank of India
   
   View answer

   Option B
   
6. For long duration crops, an account is treated as NPA if the instalment of principal or interest thereon remains overdue for _______ crop season.
   A) One
   B) Two
   C) Three
   D) Four
   
   View answer

   Option A
   
7. The Liberalised Remittance Scheme (LRS) is managed by _________
   A) Ministry of Finance
   B) SEBI
   C) FEMA
   D) RBI
   
   View answer

   Option D
   
8. Which of these statements regarding World Bank is not true?
   A) To become a member of the World Bank, a country must first become a member of the IMF.
   B) Together IBRD and IDA make up the World Bank
   C) The World Bank Group is a family of six international organizations
   D) World Bank was created at the 1944 Bretton Woods Conference along with the International Monetary Fund (IMF).
   
   View answer

   Option C
   
9. The differential rates of interest can be paid by banks only on single term deposits of Rs ___________ lakh and above
   A) Rs 15 lakh
   B) Rs 10 lakh
   C) Rs 20 lakh
   D) Rs 25 lakh
   
   View answer

   Option A
   
10. UnionPay provides bank card services to the customers. It is based in which country?
    A) Australia
    B) China
    C) United States
    D) Japan
    
    View answer

    Option B
    

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz