Banking 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.
- Liquidity Coverage Ratio (LCR) requires banks to maintain High Quality Liquid Assets (HQLAs) to meet ________ net outgo under stressed conditions.
A) 15 days
B) 30 days
C) 14 days
D) 60 days
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Option B
Explanation: Basel Committee on Banking Supervision (BCBS) had introduced Liquidity Coverage Ratio (LCR), which requires banks to maintain High Quality Liquid Assets (HQLAs) to meet 30 days net outgo under stressed conditions.
- The Basel III norms have been published by?
A) BIS
B) IMF
C) BCBS
D) World Bank
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Option C
Explanation: Basel Committee on Banking Supervision(BCBS)
- What is the maximum dividend payout ratio permissible by RBI for banks?
A) 33%
B) 35%
C) 20%
D) 40%
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Option D
Explanation: RBI has permitted banks to pay dividends. dividend payout ratio= ‘dividend payable in a year’/ ‘net profit during the year’. Now RBI has restricted banks from paying dividends for FY20 in wake of COVID-19.
- RBI has directed banks to offer certain basic doorstep banking services at to senior citizens above what age?
A) 60
B) 65
C) 70
D) 80
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Option C
Explanation: Banks were advised to make concerted efforts to offer certain basic banking services to senior citizens of more than 70 years of age and differently abled persons at the doorstep of such customers.
- Bank credit to registered NBFCs (other than MFIs) for on-lending is allowed up to an overall limit of ______ percent of individual bank’s total priority sector lending.
A) 3%
B) 5%
C) 7%
D) 9%
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Option B
Explanation: Bank credit to registered NBFCs (other than MFIs) and HFCs for on-lending will be allowed up to an overall limit of five percent of individual bank’s total priority sector lending.
- The Asian Clearing Union (ACU) has how many members?
A) 8
B) 10
C) 9
D) 7
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Option C
Explanation: Presently the central banks of Bangladesh, Bhutan, Iran, India, Maldives, Nepal, Pakistan, Sri Lanka, and Myanmar are the members of ACU.
- Where is the headquarters of Asian Clearing Union (ACU) located?
A) India
B) Iran
C) Maldives
D) Sri Lanka
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Option B
Explanation: Tehran, Iran
- What is the full form of IFR?
A) Intraday Fluctuation Result
B) International Functional Reserve
C) Internet based Functional Results
D) Investment Fluctuation Reserve
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Option D
Explanation: Investment Fluctuation Reserve (IFR)
- How many digits are there in a Legal Entity Identifier (LEI)?
A) 9
B) 15
C) 20
D) 25
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Option C
Explanation: It has 20 digits. It is a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis.
- The short-term co-operative credit structure operates with a ______ system.
A) six-tier
B) four-tier
C) two-tier
D) three-tier
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Option D
Explanation: The short-term co-operative credit structure operates with a three-tier system – Primary Agricultural Credit Societies (PACS) (7) at the village level,Central Cooperative Banks (CCBs) (8) at the district level and State Cooperative Banks (StCBs) (9) at the State level.
