Banking Awareness Quiz

Banking Awareness Quiz – Set 245: 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. ___________ usually refers to live testing of new products or services in a controlled/test regulatory environment.
   A) FinTechs
   B) Digital identification
   C) Data Analytics
   D) Regulatory Sandbox
   
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     Option D
   Explanation: The RS allows the regulator, the innovators, the financial service providers (as potential deployers of the technology) and the customers (as final users) to conduct field tests to collect evidence on the benefits and risks of new financial innovations, while carefully monitoring and containing their risks.
2. A Core Investment Company (CIC) is a type of ____________.
   A) Small Finance Bank
   B) NBFC
   C) Payments Bank
   D) IFI
   
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     Option B
   Explanation: Non-Banking Financial Company (NBFC)
3. Core Investment Company (CIC) are required to hold not less than _________ of their net assets in group companies.
   A) 90%
   B) 80%
   C) 70%
   D) 60%
   
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   Option A
   Explanation: CICs are required to hold not less than 90% of their net assets in group companies and their investment in equity shares in group companies should not be less than 60% of their net assets.
4. _____________ provides regulatory oversight over securitisation transactions in India.
   A) SEBI
   B) SIDBI
   C) Ministry of Finance
   D) RBI
   
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   Option D
   Explanation: The Reserve Bank of India (RBI) provides regulatory oversight over securitisation transactions in India.
5. ___________ capital is defined as the methods or practices that allow banks to consistently assess risk and attribute capital to cover the economic effects of risk-taking activities.
   A) Overall
   B) Economic
   C) Restructured
   D) Risk
   
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   Option B
   Explanation: Economic Capital
6. Which of the following entity was created by RBI for early recognition of financial distress, enabling prompt action for resolution and fair recovery for lenders?
   A) CIBIL
   B) CRILC
   C) CIRF
   D) Equifax
   
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   Option B
   Explanation: Central Repository of Information on Large Credits (CRILC) was set up by Reserve Bank in 2014-15 for ease in offsite supervision. The CRILC database contains information from all SCBs (excluding RRBs) on all credit instruments for borrowers having aggregate fund-based and non-fund based exposure of INR 50 million and above.
7. ______________ was set up by the Govt. of India to make available the data of all equitable mortgages in the country at one place.
   A) CIBIL
   B) CRILC
   C) CERSAI
   D) NPISH
   
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   Option C
   Explanation: The Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) was set up by the Govt. of India on 31st March 2011 under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, to make available the data of all equitable mortgages in the country at one place, so that the frauds due to multiple financing against the same property may be prevented.
8. Which of the following is India’s first Information Utility (IU) that registered with the Insolvency and Bankruptcy Board of India (IBBI)?
   A) NSE
   B) NeSL
   C) NADL
   D) LIC
   
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   Option B
   Explanation: National E-Governance Services Limited (NeSL)
9. The first Public Credit Registry (PCR) was established in which country?
   A) USA
   B) Japan
   C) China
   D) Germany
   
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   Option D
   Explanation: The first PCR was established in Germany in 1934.
10. What is the full form of ARC?
    A) Amortized Reconstruction Company
    B) Asset Reconstruction Company
    C) Amortized Revalued Company
    D) Asset Revaluation Company
    
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    Option B
    Explanation: Asset Reconstruction Company

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