Banking Awareness Quiz

Banking Awareness Quiz – Set 249: 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. Any NBFC is considered to be systemically important NBFCs when its asset size is of _______ or more.
   A) Rs 1000 crore
   B) Rs 100 crore
   C) Rs 500 crore
   D) Rs 50 crore
   
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     Option C
   Explanation: Any NBFC is considered to be systemically important NBFCs when its asset size is of ₹ 500 cr or more as per last audited balance sheet.
2. EXIM Bank is owned by?
   A) RBI
   B) SEBI
   C) Government of India
   D) RBI and SEBI
   
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     Option C
   Explanation: EXIM Bank is wholly owned by the Government of India.
3. Sangli Bank was merged with which bank in 2007?
   A) HDFC Bank
   B) Axis Bank
   C) Union Bank of India
   D) ICICI Bank
   
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   Option D
   Explanation: With ICICI Bank Ltd.
4. All credit rating agencies in India are required to register with ________.
   A) RBI
   B) SEBI
   C) Government of India
   D) CRISIL
   
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   Option B
   Explanation: The Securities and Exchange Board of India (SEBI) regulates Credit Rating Agencies in India. All credit rating agencies in India are required to register with SEBI
5. Banks Board Bureau (BBB) has how many members?
   A) 5
   B) 7
   C) 9
   D) 11
   
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   Option B
   Explanation: Banks Board Bureau (BBB) will have 7 members including the chairman.
6. How many digits are there in an International Securities Identification Number (ISIN)?
   A) 6
   B) 8
   C) 10
   D) 12
   
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   Option D
   Explanation: It is used to uniquely identify a security.
7. A composite loan limit of _______ can be sanctioned by banks to enable the MSE entrepreneurs to avail of their working capital and term loan requirement through Single Window.
   A) Rs. 1 crore
   B) Rs. 2 crore
   C) Rs. 5 crore
   D) Rs. 10 crore
   
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   Option A
   Explanation: A composite loan limit of Rs.1 crore can be sanctioned by banks to enable the MSE entrepreneurs to avail of their working capital and term loan requirement through Single Window.
8. World Bank was formed in which year?
   A) 1934
   B) 1944
   C) 1954
   D) 1964
   
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   Option B
   Explanation: 1944
9. A sub­standard asset is one, which has remained NPA for a period less than or equal to ____ months.
   A) 12
   B) 06
   C) 24
   D) 48
   
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   Option A
   Explanation: A sub­standard asset is one, which has remained NPA for a period less than or equal to 12 months.
10. What does C stand for in OTC with respect to Trading?
    A) Cash
    B) Counter
    C) Capital
    D) Credit
    
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    Option B
    Explanation: Over the Counter

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