Banking Awareness Quiz – Set 71 – 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. Which among the following is not a valid example of Foreign Direct Investment (FDI)?
   A) Buying a company in the target country
   B) Expanding operations of an existing business in the target country
   C) Investing in shares and stocks of a company in the target country
   D) All of the above are mode of FDI
   
   View answer

   Option C
   Explanation: Investment in stocks by foreign investors is not a valid example since the investor doesn’t exert significant control over the business. 
2. The record of all economic transactions between the residents of the country and the rest of the world in a particular period of time is known as ____________
   A) Balance of Payment
   B) Foreign Trade Agreement
   C) Balance of Trade
   D) Foreign Institutional Investment
   
   View answer

   Option A
   Explanation: The balance of payments is also known as balance of international payments and abbreviated B.O.P. or BoP
3. Which of these is also known as the Lifeblood Of Business?
   A) Labour Force
   B) Working Capital
   C) Market Strategy
   D) Product Range
   
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   Option B
   Explanation: A business’s working capital is the amount in liquid assets a company has available to build its business.
4. What is the current Statutory Liquidity Ratio (SLR)?
   A) 19.00%
   B) 19.50%
   C) 19.25%
   D) 19.75%
   
   View answer

   Option C
   
5. The ‘women’s livelihood bond’ launched for India’s rural women community, will be raised by which organisation?
   A) SIDBI
   B) RBI
   C) NABARD
   D) Government of India
   
   View answer

   Option A
   Explanation: The World Bank, UN Women , and Small Industries Development Bank of India (SIDBI) have come together to launch ‘women’s livelihood bond’ (WLB) to raise ₹300 crore.
   The tenure of ‘women’s livelihood bond’ would be 5 years. The coupon rate on these bonds will be 3 per cent per annum.
6. A centralized database with online connectivity to branches, Internet as well as ATM network enabling customers to access their bank account or perform basic transactions from any of the member branch offices is known as_____________
   A) Intranet Banking
   B) Mobile Banking
   C) Investment Banking
   D) Core Banking 
   
   View answer

   Option D
   Explanation:Core (Centralized Online Real-time Exchange) banking 
7. FIPB stands for___________
   A) Foreign Investment Processing Board
   B) Foreign Investment Promotion Board
   C) Foreign Institutional Promotion Board
   D) Foreign Industrial Payment Board
   
   View answer

   Option B
   Explanation: The Foreign Investment Promotion Board (FIPB) was abolished on 24 May 2017. It was a national agency of Government of India to consider and recommend foreign direct investment (FDI) which does not come under the automatic route
8. How much amount will be infused by the Central government for the recapitalization of the 12 PSBs in 2019-20?
   A) Rs 48,239 crore
   B) Rs 50,255 crore
   C) Rs 42,212 crore
   D) Rs 58,222 crore
   
   View answer

   Option A
   Explanation: Government to infuse Rs 48,239 cr for recapitalisation of 12 PSBs this fiscal. Corporation Bank will get the highest amount i.e Rs 9,086 crore
9. The Nayi Disha Programme is an initiative of which bank for work-life balance of its employees?
   A) Axis Bank
   B) HDFC Bank
   C) Bank of Baroda
   D) State Bank of India
   
   View answer

   Option D
   
10. What is the new limit to avail collateral-free agriculture loans?
    A) Rs 1.0 lakh
    B) Rs 2.0 lakh
    C) Rs 1.6 lakh
    D) Rs 2.2 lakh
    
    View answer

    Option C
    Explanation: The limit on collateral-free agriculture loans has been raised by RBI to Rs 1.6 lakh from Rs 1 lakh. In 2010, the collateral-free limit for crop loans and term loans was hiked from Rs 50,000 to Rs 1 lakh. 

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