Banking Awareness Quiz

Banking Awareness Quiz – Set 298: 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.

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: The regulator of mutual funds in India is SEBI.
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: The term crossing is associated with cheque.
3. National Bank for Agriculture and Rural Development (NABARD) is owned by _____.
   A) Reserve Bank of India
   B) Government of India
   C) SIDBI
   D) None
   
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   Option B
   Explanation:NABARD is wholly owned by Government of India.
4. What is the total Priority Sector lending target for Regional Rural Bank (RRBs)?
   A) 40% of ANBC
   B) 32% of ANBC
   C) 50% of ANBC
   D) 75% of ANBC
   
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   Option D
   Explanation:Targets /Sub-targets for Priority sector: RRBs will have a target of 75 per cent of their outstanding advances for priority sector lending and sub-sector targets as indicated in table below.
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: 100% of the stake is owned in EXIM Bank by 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: In an IFSC code, the first 4 digits of the IFSC represent the bank and last 6 characters represent the branch. The 5th character is zero.
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:State Bank of India has merged with Bharatiya Mahila Bank to ensure greater banking services.
8. ____________ 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 is a situation when recession is accompanied by a high rate of inflation.
9. Who is the regulator of Housing Finance Companies?
   A) NHB
   B) RBI
   C) Ministry of Finance
   D) SEBI
   
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   Option B
   Explanation: RBI is the regulator of Housing Finance Companies.
10. BRBNMPL is owned by?
    A) Ministry of Finance
    B) RBI
    C) SEBI
    D) IRDAI
    
    View answer

    Option B
    Explanation: BRBNMPL is owned byRBI.

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