Banking Awareness Quiz
Banking Awareness Quiz – Set 303: 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.
- National Housing Bank is a government-owned corporation. The government took over the NHB from the RBI in _______.
A) 2015
B) 2016
C) 2018
D) 2019
View answer
Option D
Explanation: National Housing Bank is a government-owned corporation. The government took over the NHB from the RBI in 2019 after purchasing the entire stake for Rs. 1,450 crores.
- Which among the following are not covered under SARFAESI Act?
A) The NPA loan accounts amounting to less than 20% of the principal and interest.
B) Money or security issued under the Indian Contract Act or the Sale of Goods Act, 1930.
C) Any properties that are not liable to attachment or sale under Section 60 of the Code of Civil Procedure, 1908.
D) All A, B and C
View answer
Option D
Explanation: The provisions of this Act apply to outstanding loans above Rs.1 lakh, which are classified as NPAs. The SARFAESI Act isn’t applicable for:
The NPA loan accounts amounting to less than 20% of the principal and interest.
Money or security issued under the Indian Contract Act or the Sale of Goods Act, 1930.
Any rights of the unpaid seller under Section 47 of the Sale of Goods Act, 1930.
Any conditional hire-purchase, sale, lease or any other contract in which no security interest has been created.
Any properties that are not liable to attachment or sale under Section 60 of the Code of Civil Procedure, 1908.
- It is India’s first official housing price index, was an initiative of which organization undertaken at the behest of the Government of India, Ministry of Finance?
A) NaBFID
B) National Housing Bank
C) Exim Bank
D) RBI
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Option B
Explanation: NHB RESIDEX– It is India’s first official housing price index, was an initiative of the National Housing Bank (NHB), undertaken at the behest of the Government of India, Ministry of Finance.
- What is the Full form of NIDA?
A) NABARD Infrastructure Development Assistance
B) NABARD Investment Department Agriculture
C) National Investment Development Fund
D) National Infrastructure Development Assistance
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Option A
Explanation: NABARD INFRASTRUCTURE DEVELOPMENT ASSISTANCE (NIDA)
- NABARD is established in which year?
A) 1958
B) 1982
C) 1963
D) 1986
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Option B
Explanation: National Bank for Agriculture and Rural Development – Established in 1982
Controlled by → GoI (99.3%) + RBI (0.7%)
Regulatory authority of Cooperative banks + RRBs
Manage Rural infra. Development fund (RIFD)
Finances State cooperative banks (SCB), RRBs, MFIs, Cottage/handicraft (SHG) etc.
- _______ has now in in place 274 LOCs, covering 61 countries in Africa, Asia, Latin America and the Commonwealth of Independent States (CIS), with credit commitments of around USD 27.81 billion.
A) NABARD
B) EXIM Bank
C) SIDBI
D) SEBI
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Option B
Explanation: EXIM Bank has now in place 274 LOCs, covering 61 countries in Africa, Asia, Latin America and the Commonwealth of Independent States (CIS), with credit commitments of around USD 27.81 billion.
- PSLCs are taxable as goods at a standard rate of what percent?
A) 14%
B) 18%
C) 21%
D) 35%
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Option B
Explanation: Under the Goods and Services Tax, PSLCs are taxable as goods at a standard rate of 18 per cent.
- In 2021-22, export of goods from India was worth ______, while it was USD 550 million in April this year.
A) USD 5.8 billion
B) USD 6.8 billion
C) USD 5.6 billion
D) USD 5.3 billion
View answer
Option A
Explanation: In 2021-22, export of goods from India was worth USD 5.8 billion, while it was USD 550 million in April this year. In last fiscal year, import stood at USD 1 billion. It was USD 74.68 million in April 2022.
- All India Financial Institutions is also known as?
A) Indian Banking
B) Financial Institutions
C) Financial Instruments
D) None
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Option B
Explanation: AIFI is a group comprising of financial regulatory bodies and development finance institutions which play a significant role in financial markets. They are also known as financial instruments. They assist in proper allocation of resources, that are sourced from businesses which have a surplus. Financial institutions act as an intermediary between final lenders and borrowers in order to provide safety and liquidity.
- Floating Rate Bonds were first issued in
A) January 1986
B) June 1976
C) September 1995
D) October 2016
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Option C
Explanation: FRBs are securities which do not have a fixed coupon rate. Instead it has a variable coupon rate which is re-set at pre-announced intervals (say, every six months or one year). FRBs were first issued in September 1995 in India.
