Quiz on Banking Awareness

Banking Awareness forms an important part of Bank exams. Study our Banking Awareness topics to excel in Bank exams. Quiz on Banking Awareness for upcoming exams

Number of Questions: 10

1. The BASEL III norms are scheduled to be introduced in India by_______
   A) March 2020
   B) March 2019
   C) March 2021
   D) March 2022
   
   View answer

   Option B
   
2. LCR refers to highly liquid assets held by financial institutions to meet short-term obligations. It stands for___________
   A) Low Credit Ratio
   B) Least Cost Rate
   C) Liquidity Coverage Ratio
   D) Line Concentration Ratio
   
   View answer

   Option C
   Explanation: The liquidity coverage ratio requires banks to hold enough high-quality liquid assets (HQLA) – such as short-term government debt – that can be sold to fund banks during a 30-day stress scenario designed by regulators. Banks are required to hold HQLA equivalent to at least 100% of projected cash outflows during the stress scenario.
3. Who is the MD & CEO of the Syndicate Bank?
   A) Mrutyunjay Mahapatra 
   B) S Ajay Khurana
   C) Ajay Vipin Nanavati
   D) S. Krishnan 
   
   View answer

   Option A
4. What is the minimum age for joining the Atal Pension Yojana?
   A) 27 years
   B) 25 years
   C) 20 years
   D) 18 years
   
   View answer

   Option D
   Explanation: The minimum age of joining APY is 18 years and maximum age is 40 years
5. When does the Reserve Bank of India (RBI) celebrates its Foundation Day?
   A) January 30
   B) April 1
   C) December 31
   D) July 1
   
   View answer

   Option B
6. Name the Committee on Financial Inclusion?
   A) Raghuram G. Rajan Committee
   B) M. Narasimham Committee
   C) C. Rangarajan Committee
   D) C. D. Deshmukh Committee
   
   View answer

   Option C
7. Who is the regulator of the Capital Market?
   A) SEBI
   B) RBI
   C) Government of India
   D) All the above
   
   View answer

   Option A
   Explanation:Securities and Exchange Board of India (SEBI) 
8. Futures, Forwards, Options and Swaps are the examples of ____________
   A) Hedging
   B) Derivatives
   C) Money Market Operations
   D) Foreign Exchange
   
   View answer

   Option B
9. Which of the following is the first clearing house in India for government securities, forex and other related market segment?
   A) National Securities Clearing Corporation Ltd 
   B) India International Clearing Corporation (IFSC) Limited
   C) Indian Clearing Corporation Limited
   D) Clearing Corporation of India Limited
   
   View answer

   Option D
10. Which of the given sections defines the term “Banking”?
    A) Section 17 of the Banking Regulation Act, 1949 
    B) Section 2 (2) RBI Act 1934
    C) Section 5(b) Banking Regulation Act, 1949 
    D) Section 7 RBI Act 1934
    
    View answer

    Option C

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz