Banking Awareness Quiz – Set 66 – Miscellaneous

Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.

1. The abbreviation LAF stands for _____________ Adjustment Facility
   A) Liquidity
   B) Liability
   C) Long-Term
   D) Limited
   
   View answer

   Option A
   
2. Which among the following is not an example of Development Banks?
   A) Industrial Finance Corporation of India (IFCI)
   B) Small Industries Development Bank of India (SIDBI)
   C) State Finance Corporations (SFCs)
   D) Export-Import (EXIM) Bank of India
   
   View answer

   Option B
3. Who regulates Mutual Funds in India?
   A) RBI
   B) IRDA
   C) SEBI
   D) LIC
   
   View answer

   Option C
   Explanation: Mutual funds in India are regulated and monitored by the Securities and Exchange Board of India (SEBI)
4. The rate at which RBI lends to banks against government securities is known as__________
   A) Repo Rate
   B) CRR
   C) Reverse Repo Rate
   D) Bank Rate
   
   View answer

   Option A
   Explanation: Repo Rate – RBI lends money to commercial banks against the pledge of government securities whenever the banks are in need of funds to meet their day-to-day obligations
5. RRBs are owned by _____________
   A) Central Government 
   B) State Government
   C) Sponsor Bank
   D) All of the above
   
   View answer

   Option D
   
6. Which among the following rates is not decided by the RBI and instead depend on the market conditions?
   A) MSF
   B) SLR
   C) CRR
   D) Inflation
   
   View answer

   Option D
   
7. Money lent for more than 1 day but less than 15 days in the money market is known as _____________
   A) Notice Money
   B) Call Money
   C) Term Money 
   D) Fund Money
   
   View answer

   Option A
   
8. A bank which acts as banker of other banks is called as _______________
   A) Development Bank
   B) Central Bank
   C) Commercial Bank
   D) Investment Bank
   
   View answer

   Option B
   
9. The concept of venture capital originated from which country?
   A) United States
   B) Mexico
   C) United Kingdom
   D) China
   
   View answer

   Option A
   
10. The transfer of a negotiable instrument to a third party by signing on back/face of the instrument by the payee or holder is known as __________
    A) Promissory Note
    B) Cross Cheque
    C) Endorsement
    D) Bill of Lading
    
    View answer

    Option C
    

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