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.
- To improve the performance of ARCs, the RBI has appointed the committee headed by whom to examine the issues and recommend measures for enabling ARCs?
A) Dhananjay Jain
B) Sudarshan Sen
C) Nirmala Sitharaman
D) Shaktikanta Das
View answer
Option B
Explanation: To improve the performance of ARCs, the RBI had appointed the committee (headed by Sudarshan Sen) to examine the issues and recommend measures for enabling ARCs to meet the growing requirements of the financial sector.
- Which among the following is not the type of PSLCs?
A) Agriculture
B) Small/Marginal Farmers
C) Micro Enterprises
D) None of the above
View answer
Option D
Explanation: There are four types of PSLCs: Agriculture, Small/Marginal Farmers (PSLC–SF/MF), Micro Enterprises and General — that is, other than loans to agriculture and micro enterprises.
- What is the authorised share capital of NaBFID?
A) Rs. 1 lakh crore
B) Rs. 2 lakh crore
C) Rs. 20 lakh crore
D) Rs. 3 lakh crore
View answer
Option A
Explanation: The National Bank for Financing Infrastructure and Development (NBFID) is set up as the principal development financial institution (DFIs) for infrastructure financing.NBFID is set up as a corporate body with authorised share capital of one lakh crore rupees.
- There are how many printed currency presses in India?
A) 3
B) 4
C) 5
D) 6
View answer
Option B
Explanation: Bank notes are printed at four currency presses, two of which are owned by the Government of India through its Corporation, Security Printing and Minting Corporation of India Ltd. (SPMCIL) and two are owned by the Reserve Bank, through its wholly owned subsidiary, Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL). The currency presses of SPMCIL are at Nasik (Western India) and Dewas (Central India). The two presses of BRBNMPL are at Mysuru (Southern India) and Salboni (Eastern India).
- A micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed ________ and turnover does not exceed _________.
A) 1 crore, 5 crore
B) 2 crore, 8 crore
C) 1 crore, 5 crore
D) 50 crore, 70 crore
View answer
Option A
Explanation: A micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
- RBI shares how much percent of the share in National Bank for Agriculture and Rural Development?
A) 51%
B) 0.7%
C) 65%
D) 99.3%
View answer
Option D
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.
- SMILE is a new scheme offered by SIDBI. What is the full firm of M in SMILE.
A) Micro
B) MSME
C) Medium
D) Make
View answer
Option D
Explanation: SIDBI Make in India Soft Loan Fund for MSME (SMILE): It is having minimum loan amount of INR 10 Lakh for equipment finance and INR 25 lakh for other purpose.
- Bonds like Zero coupon and T-Bills are issued by whom first in 1996.
A) RBI
B) Government of India
C) SEBI
D) SIDBI
View answer
Option B
Explanation: Zero coupon bonds are bonds with no coupon payments. However, like T- Bills, they are issued at a discount and redeemed at face value. The Government of India had issued such securities in 1996. It has not issued zero coupon bonds after that.
- An NPA is a loan or advance for which the principal or interest payment remained overdue for a period of
A) 60 days
B) 70 days
C) 80 days
D) 90 days
View answer
Option D
Explanation: A NPA is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
- The Reserve Bank of India tabulates the Rupee’s Nominal Effective Exchange Rate (NEER) in relation to the currencies of _____ countries.
A) 36 trading partner
B) 38 trading partner
C) 37 trading partner
D) 39 trading partner
View answer
Option A
Explanation: The Reserve Bank of India tabulates the rupee’s Nominal Effective Exchange Rate (NEER) in relation to the currencies of 36 trading partnercountries.
