Banking quiz

Banking Awareness Quiz – Set 239

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.

  1. Which of the following is India’s first credit rating agency?
    A) ICRA

    B) CRISIL
    C) CARE
    D) India Ratings and Research
    View answer
      Option B
    Explanation: CRISIL is India’s first credit rating agency. It was incorporated and promoted by erstwhile ICICI Ltd. in 1987. It started its operation in 1988.
  2. The BCBS Principles for dealing with Domestic Systemically Important Banks (D-SIBs) has how many principles?
    A) 10

    B) 11
    C) 12
    D) 14
    View answer
      Option C
    Explanation: there are 12 principles
  3. Banks Board Bureau (BBB) has how many members?
    A) 5

    B) 8
    C) 7
    D) 9
    View answer
    Option C
    Explanation: Banks Board Bureau (BBB) will have 7 members including the chairman.
  4. What is the limit for Investment in plant & machinery for Small Enterprises in Manufacturing Sector?
    A) Does not exceed Rs 25 lakh

    B) More than Rs 10 lakh but does not exceed Rs 2 crore
    C) More than Rs 5 crore but does not exceed Rs 10 crore
    D) More than Rs 25 lakh but does not exceed Rs 5 crore
    View answer
    Option D
    Explanation: More than Rs 25 lakh but does not exceed Rs 5 crore
  5. RBI has advised Public sector banks to open at least ______ specialized MSME branch in each district.
    A) 1

    B) 2
    C) 3
    D) 4
    View answer
    Option A
    Explanation: Public sector banks have been advised to open at least one specialized branch in each district.
  6. Banks are required to extend collateral-free loans up to _______ to MSME sector.
    A) Rs. 15 lakh

    B) Rs. 5 lakh
    C) Rs. 10 lakh
    D) Rs. 20 lakh
    View answer
    Option C
    Explanation: Rs. 10 lakh
  7. The Special Drawing Rights (SDR) has been created by?
    A) World Bank

    B) IMF
    C) ADB
    D) BRICS Bank
    View answer
    Option B
    Explanation: Special Drawing Rights (SDR) was created by IMF in 1969 and these are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund.
  8. What is the maximum amount of donation that a loss making bank can make in a financial year?
    A) Rs 1 lakh

    B) Rs 2 lakhs
    C) Rs 5 lakhs
    D) Rs 10 lakhs
    View answer
    Option C
    Explanation: loss making banks can make donations up to Rs.5 lakh only in a financial year.
  9. It is mandatory under the Liberalised Remittance Scheme (LRS) to have ________ for sending outward remittances.
    A) UIDAI Number

    B) PAN
    C) TAN
    D) Voter ID Card
    View answer
    Option B
    Explanation: Permanent Account Number (PAN)
  10. Assets that do not disclose any problem to the bank or do not carry any risk for the bank are termed as?
    A) Strong Assets

    B) Doubtful Assets
    C) Standard Assets
    D) Sub­standard AssetsS
    View answer
    Option C
    Explanation:

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