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Banking Awareness Quiz – Set 247

Banking Awareness Quiz

Banking Awareness Quiz – Set 247: 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. What is the minimum net owned fund requirement for a NBFC to get registered with the Reserve Bank of India?
    A) Rs 1 Crore

    B) Rs 2 Crore
    C) Rs 5 Crore
    D) Rs 10 Crore
    View answer
      Option B
    Explanation: It should have a minimum net owned fund of Rs 2 Crore.
  2. What is the authorised capital of the Exim Bank?
    A) Rs. 1,000 Crore

    B) Rs. 5,000 Crore
    C) Rs. 10,000 Crore
    D) Rs. 50,000 Crore
    View answer
      Option C
    Explanation: The authorised capital of the Exim Bank is Rs. 10,000 Crore.
  3. Bank of Rajasthan Ltd was merged with which bank in 2010?
    A) HDFC Bank

    B) ICICI Bank
    C) Axis Bank
    D) Kotak Mahindra Bank
    View answer
    Option B
    Explanation: ICICI Bank
  4. Who regulates “Nidhi Companies”?
    A) State Governments

    B) Ministry of Corporate Affairs
    C) RBI
    D) IRDAI
    View answer
    Option B
    Explanation: Ministry of Corporate Affairs, Government of India
  5. Where is the headquarters of Credit Analysis & Research Ltd. (CARE) located?
    A) Mumbai

    B) Delhi
    C) Pune
    D) Kolkata
    View answer
    Option A
    Explanation: Mumbai, Maharashtra
  6. Tenor of 1 year is available under which monetary policy tool?
    A) LTRO

    B) TLTRO
    C) TLTRO 2.0
    D) None of above
    View answer
    Option A
    Explanation: LTRO is a tool which allows banks to borrow funds from Reserve Bank of India for a tenor of upto 1-year to 3-years at Policy Repo Rate, against government securities with similar or higher tenure as collateral.
  7. Which of the following is the central national agency that is responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions in India?
    A) RBI

    B) CERSAI
    C) CRISIL
    D) FIU-IND
    View answer
    Option D
    Explanation: Financial Intelligence Unit – India (FIU-IND) is an independent body. It reports directly to the Economic Intelligence Council (EIC) that is headed by the Finance Minister.
  8. Which of the following is not a stage of Money laundering?
    A) layering

    B) indication
    C) placement
    D) integration
    View answer
    Option D
    Explanation: Money laundering involves three stages, these are- placement, layering and integration.
  9. TAN number has how many digits?
    A) 5

    B) 8
    C) 10
    D) 12
    View answer
    Option C
    Explanation: Tax Deduction Account Number or Tax Collection Account Number (TAN) has 10 digits
  10. The banks have been permitted by RBI to categorize their MSME general banking branches having _______ or more of their advances to MSME sector, as specialized MSME branches for providing better service to this sector as a whole.
    A) 60%

    B) 50%
    C) 40%
    D) 80%
    View answer
    Option A
    Explanation: 60% or more

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