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.
- _________ is a market for long term equity and debt instruments
A) Capital market
B) Financial market
C) Money market
D) Informal market
- The Common Portal Identification Number (CPIN) is generated before payment of GST. It is a ________ digit unique code
A) 12
B) 10
C) 17
D) 14
- The State Government transactions are carried out by RBI based on Section _______ of RBI Act.
A) Section 32 A
B) Section 21 A
C) Section 17 A
D) Section 28 A
- Scheduled Commercial Banks has been directed by RBI to calculate the interest on savings bank accounts on a daily product basis with effect from which year?
A) 2000
B) 2017
C) 2010
D) 2012
- ACH is an electronic network for financial transactions. What does ACH stands for?
A) Automated Clearing House
B) Authorized Computation Hub
C) Automatic Commercial House
D) Authorized Clearing House
- Which of these institutions offers concessional loans and grants to the world’s poorest developing countries?
A) Multilateral Investment Guarantee Agency (MIGA)
B) International Finance Corporation (IFC)
C) International Bank for Reconstruction and Development (IBRD)
D) International Development Association (IDA)
- The purpose to provide depreciation on the bank’s property is
A) Reduce the profit of banks
B) Make usual allowances for annual wear and tear
C) Enable bank to recover the amount from RBI
D) Strengthen financial position of the bank
- The Union Budget is always presented in________
A) Rajya Sabha
B) Joint session of the Parliament
C) Lok Sabha
D) Meeting of Union Cabinet
- Which of these institutions are referred to as market regulator?
A) CII
B) LIC
C) FICCI
D) SEBI
- What do you understand by future trading?
A) Agreement between two parties to buy or sell an underlying asset in the future at a predetermined price
B) Trade between two stock exchanges to purchase the stocks of each other on fixed price for the whole year
C) Agreement between stock exchanges not to trade the stocks of each other
D) None of the above