Banking & Financial Awareness Quiz – Set 183

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. So attempt all the sets now.

1. ____________ refers to the proportion of highly liquid assets held by banks to ensure their ability to meet short-term obligations
   A) Liquidity Coverage Ratio
   B) Cash Reserve Ratio
   C) Liquidity Adjustment Facility
   D) Net Demand Time Liability
   
   View answer

   Option A
   Explanation: Liquidity Coverage Ratio (LCR)
2. RBI has recently appointed Rakesh Makhija as the part-time Chairman of which bank?
   A) Canara Bank
   B) Federal Bank
   C) Yes Bank
   D) Axis Bank
   
   View answer

   Option D
   Explanation: Axis Bank
3. The government has set new rate of contribution of 4% towards the Employees’ State Insurance scheme. The new rate will be effective from____________
   A) 31 December 2019
   B) 30 September 2019
   C) 1 July 2019
   D) 1 November 2019
   
   View answer

   Option C
   Explanation: The government has reduced the total rate of contribution towards the Employees’ State Insurance scheme to 4% from the earlier 6.5% under the Employees’ State Insurance Act (ESI). 
4. What does OTC stands for in relation to ATM security?
   A) One Time Code
   B) One Time Combination
   C) Operating Time Coupon
   D) Over The Counter
   
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   Option B
   Explanation: RBI has directed all ATMs shall be operated for cash replenishment only with digital One Time Combination (OTC) locks
5. Which bank is set to buy the stake of Apollo Hospital Groups in Apollo Munich Health Insurance?
   A) HDFC Bank
   B) State Bank of India
   C) ICICI Bank
   D) Punjab National Bank
   
   View answer

   Option A
   
6. The Reserve Bank of India can have a maximum of how many deputy governors?
   A) Six
   B) Three
   C) Four
   D) Five
   
   View answer

   Option C
   Explanation: RBI can have four deputy governors. Presently there are three DGs BP Kanungo, N. S. Vishwanathan and Mahesh Kumar Jain. Viral Acharya has resigned as the DG of RBI
7. The credit light group (CLG) and Financial and Institutional Group (FIG) are the separate groups formed by which bank within its Corporate Accounts Group (CAG)?
   A) HDFC Bank
   B) State Bank of India
   C) Bank of Baroda
   D) Punjab National Bank
   
   View answer

   Option B
   
8. The portal ‘FLAIR’ has been launched by which of these financial institutions?
   A) EXIM Bank
   B) NABARD
   C) SIDBI
   D) RBI
   
   View answer

   Option D
   
9. What is the current interest rate applicable on Senior Citizen Savings Scheme (SCSS)?
   A) 8.5%
   B) 8.4%
   C) 8.6%
   D) 8.1%
   
   View answer

   Option C
   
10. In which of the following financial years, the external commercial borrowings (ECBs) was recorded the highest?
    A) 2018-19
    B) 2017-18
    C) 2016-17
    D) 2015-16
    
    View answer

    Option A
    Explanation: 2018-19 recorded the highest ECB at $ 41 bn. Earlier, the highest ECB was recorded in 2014-15 at $ 31bn

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