Banking Awareness Quiz
Banking Awareness Quiz – Set 294: This post contains Banking Awareness Quiz for Banking and Insurance exams like IBPS PO/Clerk, SBI PO/Clerk, RBI Assistant/ GRADE B, NABARD, RRB PO/Clerk, NIACL, NICL and LIC AAO/Assistant etc. These Banking Awareness sets will guide you in all upcoming banking and insurance exams.
- Which of the following terminology defines outright purchase and sale of government securities, for injection and absorption of durable liquidity, by the central bank of a country?
A) Open Market Operations
B) Market Stabilisation Scheme
C) Liquidity Adjustment Facility
D) Marginal Standing Facility
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Option A
Explanation: Open Market Operations (OMOs): These include both, outright purchase and sale of government securities, for injection and absorption of durable liquidity, respectively.
- The Rupee symbols of Indian Rupee consists of how many horizontal lines?
A) one
B) two
C) three
D) four
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Option B
Explanation: The symbol of the Indian Rupee is ₹. The design resembles both the Devanagari letter “₹” (ra) and the Latin capital letter “R”, with a double horizontal line at the top.
- A medium enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed _______ and turnover does not exceed _________.
A) Rs. 1 crore; Rs. 5 crore
B) Rs. 50 crore; Rs. 250 crore
C) Rs. 10 crore; Rs. 50 crore
D) Rs. 10 crore; Rs. 100 crore
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Option B
Explanation: (i) A micro enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹1 crore and turnover does not exceed ₹5 crore; (ii) A small enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹10 crore and turnover does not exceed ₹50 crore; and (iii) A medium enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹50 crore and turnover does not exceed ₹250 crore.
- Which of the following acts as the Central Counter Party (CCP) for guaranteed settlement of Government Securities?
A) RBI
B) NPCI
C) CCIL
D) SBI
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Option C
Explanation: Clearing Corporation of India Ltd. (CCIL)
- Cash Management Bills (CMBs) are issued for maturity period less than _____ days
A) 21
B) 91
C) 182
D) 364
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Option B
Explanation: The Cash Management Bills (CMBs) have the generic character of T-bills but are issued for maturities less than 91 days.
- What is the maximum limit for purchasing Sovereign Gold Bonds via cash transaction?
A) Rs 10,000
B) Rs 20,000
C) Rs 25,000
D) Rs 50,000
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Option B
Explanation: Payment can be made through cash (upto Rs. 20000)/cheques/demand draft/electronic fund transfer.
- In context of India, the term “Lender of Last Resort” is related to which organization?
A) NPCI
B) IRDAI
C) PFRDA
D) RBI
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Option D
Explanation: Central Bank of a country is the Lender of Last Resort
- _________ is an instrument issued by a start-up company evidencing receipt of money initially as debt, which is repayable at the option of the holder.
A) warrant note
B) stock note
C) convertible note
D) capital note
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Option C
Explanation: A convertible note is an instrument issued by a start-up company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument.
- The International Financial System (IFS) platform has been developed by?
A) Asian Clearing Union
B) Universal Post Union
C) World Bank
D) IMF
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Option B
Explanation: he International Financial System (IFS) platform of Universal Post Union (UPU) is generally used for the postal channel.
- What is the limit on the amount of money which can be sent under Money Transfer Service Scheme (MTSS)?
A) USD 1,500
B) USD 3,500
C) USD 2,500
D) USD 5,500
View answer
Option C
Explanation: A cap of USD 2,500 has been placed on individual remittances under the scheme. In addition, thirty remittances can be received by a single individual beneficiary under the scheme during a calendar year.
