Banking Awareness Quiz – Set 73 – 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.  The set will be beneficial for the Banking and financial awareness section of LIC AAO. So attempt all the sets now.

1. Which bank has recently created a separate Stressed Asset Management (SAM) vertical to recover NPAs?
   A) Syndicate Bank
   B) Punjab National Bank
   C) Bank of Baroda
   D) UCO Bank
   
   View answer

   Option A
   
2. What is the maximum amount of donation that a loss making bank can make annually?
   A) Rs.5 lakh
   B) 1% of the previous year profit
   C) Rs. 10 lakh
   D) Rs. 1 lakh
   
   View answer

   Option A
   Explanation: loss making banks can make donations up to Rs.5 lakh only in a financial year.
3. When a firm lists its equity shares on one or more foreign stock exchange in addition to its domestic exchange, it is known as________
   A) Bonus listing
   B) Combined listing
   C) Cross listing
   D) Group listing
   
   View answer

   Option C
   
4. Name the bank which has not been classified as Domestic Systemically Important Banks (D-SIBs) by RBI
   A) ICICI Bank
   B) Kotak Mahindra Bank
   C) SBI 
   D) HDFC Bank
   
   View answer

   Option B
   
5. Which among the given is not a type of government securities?
   A) Promissory notes
   B) Stock
   C) Bearer bonds
   D) Debentures
   
   View answer

   Option D
   
6. The equity instrument used by the non Indian companies in the Indian stock markets for issuing equity to Indian investors is known as____________
   A) Indian Depository Receipts
   B) Special Drawing Rights
   C) Convertible Debenture
   D) Promissory Notes
   
   View answer

   Option A
   
7. The BPay mobile app has been launched by which bank?
   A) Bank of Baroda
   B) Fino Payments Bank 
   C) Paytm Payments Bank
   D) Bandhan Bank
   
   View answer

   Option B
   
8. What is the full form of FRBM?
   A) Financial Responsibility and Business Management
   B) Fiscal Responsibility and Business Management
   C) Fiscal Responsibility and Budget Management
   D) Financial Responsibility and Budget Management
   
   View answer

   Option C
   
9. A bank can close the partnership account under which circumstances?
   A) Death of partner
   B) Retirement of a partner
   C) Insolvency of a partner
   D) All of the above
   
   View answer

   Option D
   
10. Which of the following is not a 24×7 payment system?
    A) IMPS
    B) UPI
    C) RTGS
    D) All are 24×7 payment system
    
    View answer

    Option C
    Explanation: RTGS is not a 24×7 system. The RTGS service window for customer transactions is available to banks from 8 am to 4.30 pm on a working day

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