Banking Awareness Quiz – Set 88 – 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.

Banking Awareness Questions

1. The maximum limit that can be invested by FPIs in Central government securities (G-Secs) stands at ________ percent of outstanding stock of that security
   A) 6%
   B) 9%
   C) 12%
   D) 20%
   
   View answer

   Option A
   Explanation: The Reserve Bank of India has increased the limit for foreign portfolio investors (FPI) in Central government securities (G-Secs) to 6 percent of outstanding stock of securitiesfor FY2019-20 against as against 5.5 percent in FY2018-19.
2. RBI has planned to introduce a ‘Regulatory Sandbox’ soon. What will be the purpose of this ‘Regulatory Sandbox’?
   A) Deepen digital payments and enhance financial inclusion
   B) Strengthen Customer rights by limiting liability of customers in unauthorised electronic banking transactions
   C) Allow FPIs to participate in any currency and interest rate derivative instrument, OTC or exchange traded, to hedge their interest rate or currency risk
   D) Benefit FinTech companies by way of reduced time to launch innovative products at a lower cost
   
   View answer

   Option D
   
3. PCE is a method whereby a company attempts to improve its debt or credit worthiness. Expand PCE
   A) Per Capita Expenditure
   B) Partial Credit Enhancement
   C) Private Consumption Expenditure
   D) Public Credit Enhancement
   
   View answer

   Option B
   
4. What is the rate of interest applicable on National Savings Certificates (NSC)?
   A) 8.5%
   B) 7.9%
   C) 8%
   D) 7.7%
   
   View answer

   Option C
   
5. As per the recent orders of RBI, individuals travelling to Nepal or Bhutan, will be allowed to carry Indian Currency of denominations ₹200/- and/or ₹500/- not exceeding the total limit of _______
   A) Rs 50,000
   B) Rs 45,000
   C) Rs 30,000
   D) Rs 25,000
   
   View answer

   Option D
   Explanation: However, any person traveling to Nepal or Bhutan can carry any amount of money for the denomination of Rs. 100 or less.
6. Which company has recently developed a blockchain based global payment network named World Wire?
   A) IBM
   B) Microsoft
   C) Oracle Corporation
   D) Intel
   
   View answer

   Option A
   
7. Which bank has recognized the Metropolitan Clearing Corporation of India Ltd (MCCIL) as a Third-Country CCP?
   A) Development Bank of Singapore
   B) Bank of New York Mellon
   C) Bank of England
   D) Royal Bank of Canada
   
   View answer

   Option C
   Explanation: Metropolitan Clearing Corporation of India Ltd (MCCIL) has become the first SEBI recognised clearing corporation in India to get recognition as a Third-Country Central Counterparty (TC-CCP) by Bank of England
8. Which among the following facilities is not available in the White Label ATMs?
   A) Pin Change
   B) Cash Deposit
   C) Request for Cheque Book
   D) Mini Statement Generation
   
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   Option B
   
9. MTSS is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stands for?
   A) Money Transfer Service Scheme
   B) Minimum Transaction Service System
   C) Monetary Transaction Security Service
   D) Money Transfer Settlement System
   
   View answer

   Option A
   
10. What does P denotes in FPI?
    A) Periodic
    B) Potential
    C) Productive
    D) Portfolio
    
    View answer

    Option D
    Explanation: Foreign portfolio investment/investor

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