Banking Awareness Quiz – Set 75 – 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. YONO App is a product by which bank?
   A) Axis Bank
   B) Punjab national Bank
   C) HDFC Bank
   D) State Bank of India
   
   View answer

   Option D
   
2. Who is the implementing agency for the ‘Interest Subvention Scheme for MSMEs 2018’ announced by Government of India?
   A) RBI
   B) SIDBI
   C) NABARD
   D) SBI
   
   View answer

   Option B
   Explanation: Small Industries Development Bank of India (SIDBI) is the single national level nodal implementation agency for the scheme.
3. What is the tenor of the USD/INR Buy/Sell Swap auction announced by the Reserve Bank of India?
   A) 3 years
   B) 5 years
   C) 1 year
   D) 2 years
   
   View answer

   Option A
   Explanation: RBI will buy USD 5 billion under this auction.
4. How many private sector banks are there in India?
   A) 20
   B) 19
   C) 22
   D) 21
   
   View answer

   Option C
   Explanation: IDBI Bank Limited has been re-categorized as a ‘Private Sector Bank’ for regulatory purposes by the Reserve Bank of India. With this now there are 22 Private Sector Banks in India. 
5. To be categorized as Domestic Systemically Important Banks, the bank size should be more than ___________ percent of Indian GDP
   A) 1%
   B) 2%
   C) 3%
   D) 5%
   
   View answer

   Option B
   
6. SEBI has removed the 20% restriction on corporate bond portfolio for FPI. Expand FPI.
   A) Foreign Portfolio Infrastructure
   B) Foreign Portfolio Instrument
   C) Foreign Portfolio Institution
   D) Foreign Portfolio Investment 
   
   View answer

   Option D
   Explanation: Securities and Exchange Board of India (SEBI) has lifted the restriction on FPI  which stated that no FPI shall have an exposure of more than 20% of its corporate bond portfolio to a single corporate.
7. Who is the Chairman of Axis Bank?
   A) Ashu Khullar
   B) Amitabh Chaudhry
   C) Rakesh Makhija
   D) Sanjiv Misra
   
   View answer

   Option D
   Explanation: Rakesh Makhija has been appointed as the non-executive chairman of Axis Bank for a term of 3 years w.e.f July 18, 2019
8. What does MCLR stands for?
   A) Marginal Cost of Funds based Lending Rate
   B) Minimum Cost of Funds based Lending Ratio
   C) Marginal Cost of Funds based Liquidity Ratio
   D) Market Cost of Funds based Liquidity Rate
   
   View answer

   Option A
   Explanation: Marginal Cost of Funds based Lending Rate (MCLR) is the minimum interest rate, below which a bank is not permitted to lend.
9. Dam Rehabilitation and Improvement Project (DRIP) is an initiative of the Government of India with financial assistance from ___________
   A) Asian Infrastructure Investment Bank
   B) International Monetary Fund
   C) Asian Development Bank
   D) World Bank
   
   View answer

   Option D
   
10. RBI has introduced the ‘Voluntary Retention Route’ (VRR) to encourage____________
    A) Qualified Foreign Investment
    B) Foreign Portfolio Investment
    C) Foreign Institutional Investment
    D) Foreign Direct Investment 
    
    View answer

    Option B
    

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