Banking Awareness Quiz – Set 76 – 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. The Domestic Systemically Important Banks (D-SIB) are identified by_______
   A) RBI
   B) Committee of experts selected by GOI
   C) Finance Ministry
   D) BASEL Committee
   
   View answer

   Option A
   Explanation: Each countries central bank is free to decide the parameters for identifying their D-SIBs
2. The branches of selected banks authorised by the RBI to stock rupee notes and coins are officially known as
   A) Treasury Room
   B) Money Locker
   C) Currency Chests
   D) Storehouse
   
   View answer

   Option C
   
3. What is the global economic forecast for the year 2019 by Organisation for Economic Co-operation and Development (OECD)?
   A) 3.3%
   B) 3.5%
   C) 3.7%
   D) 3.0%
   
   View answer

   Option A
   
4. What is the Minimum Average Maturity Period (MAMP) for all External Commercial Borrowings (ECB) as per the revised policy?
   A) 2 years
   B) 3 years
   C) 4 years
   D) 6 years
   
   View answer

     Option B
   Explanation: MAMP will be 3 years for all ECBs. However, for ECB raised from foreign equity holder and utilised for specific purposes, as detailed in the Annex, the MAMP would be 5 years. Similarly, for ECB up to USD 50 million per financial year raised by manufacturing sector, which has been given a special dispensation, the MAMP would be 1 year
5. The tool used by one trader allowing another trader to buy now and pay later is known as ____________
   A) trade dependence
   B) advance trade
   C) postpaid trade
   D) trade credit
   
   View answer

   Option D
   
6. What is the share of government in the IDBI Bank?
   A) 2.54%
   B) 51%
   C) 46.46%
   D) 28%
   
   View answer

   Option C
   Explanation: LIC – 51% and Public – 2.54%
7. PSBloansin59minutes.com is an online lending platform to provide credit of up to Rs ___________to MSMEs in just 59 minutes.
   A) Rs 1 crore
   B) Rs 2 crore
   C) Rs 1 lakh
   D) Rs 2 lakh
   
   View answer

   Option A
   
8. India’s first indigenously developed payment system for transport “NCMC” stands for________
   A) National Citizen Mobility Card
   B) National Contactless Mobility Card
   C) National Customer Mobility Card
   D) National Common Mobility Card
   
   View answer

   Option D
   Explanation: National Common Mobility Card (NCMC) 
9. _____________ is a process in which a unique token masks all sensitive card details of debit/credit card.
   A) Encapsulation
   B) Tokenisation
   C) Clouding
   D) Encrypting
   
   View answer

     Option B
   Explanation: Tokenisation involves a process in which a unique token masks all sensitive card details. Thereafter, in lieu of actual card details, this token is used to perform card transactions in contactless mode at Point Of Sale(POS) terminals, Quick Response(QR) code payments, etc.
10. Based on the data of the World Gold Council, the total Gold Reserves held by the Reserve Bank of India as of January 2019 is_______
    A) 735 tonnes
    B) 504 tonnes
    C) 607 tonnes
    D) 1040 tonnes
    
    View answer

    Option C
    

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