Banking Awareness Quiz

Banking Awareness Quiz – Set 278: These questions on Banking Awareness 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. Who is the regulator of mutual funds in India?
   A) RBI
   B) PFRDA
   C) SEBI
   D) IRDAI
   
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     Option C
   Explanation: SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors.
2. The term crossing is associated with which of the following instrument?
   A) T-bills
   B) Cheque
   C) Passbook
   D) ATM Card
   
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     Option B
   Explanation: A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed.
3. National Bank for Agriculture and Rural Development (NABARD) is owned by?
   A) Reserve Bank of India
   B) Government of India
   C) SIDBI
   D) Both A and B
   
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   Option B
   Explanation: 100% ownership of NABARD is with GoI.
4. What is the Total Priority Sector lending target for Regional Rural Bank?
   A) 40% of ANBC
   B) 32% of ANBC
   C) 50% of ANBC
   D) 75% of ANBC
   
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   Option D
   Explanation: 75% of ANBC
5. What percent of stake is owned in EXIM Bank by Government of India?
   A) 100%
   B) 95%
   C) 51%
   D) 99%
   
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   Option A
   Explanation: EXIM Bank is wholly owned by the Government of India.
6. Which character is mandatorily zero in IFSC Code?
   A) 6
   B) 5
   C) 4
   D) 11
   
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   Option B
   Explanation: The fifth character is zero. This fifth digit which is 0 (zero) is reserved for future utilization.
7. Bharatiya Mahila Bank has been merged with which bank?
   A) Union Bank of India
   B) Punjab National Bank
   C) State Bank of India
   D) Canara Bank
   
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   Option C
   Explanation: In 2017
8. An individual want to apply for home loan. He can visit any of these banks except?
   A) Scheduled Commercial Bank
   B) Regional Rural Bank
   C) Payments Bank
   D) Small Finance Bank
   
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   Option C
   Explanation: Payments Bank cannot offer loans.
9. ____________ is a situation when recession is accompanied by a high rate of inflation.
   A) Stagflation
   B) Open Inflation
   C) Hyperinflation
   D) Mark-up Inflation
   
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   Option A
   Explanation: Stagflation
10. Who is the regulator of Housing Finance Companies?
    A) NHB
    B) RBI
    C) Ministry of Finance
    D) SEBI
    
    View answer

    Option B
    Explanation: RBI

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