Banking Quiz.

Banking & Financial Awareness Quiz – Set 154

Banking & Financial 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 AAOSo attempt all the sets now.

Banking & Financial Awareness Questions

  1. A six member Task Force has been formed by RBI on the Development of Secondary Market for Corporate Loans. Who is the head of the committee?
    A) T. N. Manoharan

    B) C. P. Gurnani
    C) Vineet Nayyar
    D) K. Rahman Khan
    View answer
    Option A
  2. Which of these institutions has launched the Scheme for Assistance to New Age Fin-Tech NBFCs registered as Investment and Credit Company (ICC) with the RBI?
    A) RBI

    B) SIDBI
    C) SEBI
    D) NPCI
    View answer
    Option B
  3. Which of these entities has proposed to set up cloud computing platform AIRAWAT to create institutional framework for artificial intelligence (AI) in India?
    A) Reliance Jio
    B) Paytm
    C) RBI
    D) NITI Aayog
    View answer
    Option D
  4. The headquarter of cryptocurrency firm Libra Networks, launched by Facebbok, is located at ____________
    A) London
    B) Washington, D.C
    C) Geneva
    D) New York
    View answer
    Option C
  5. Name the permanent residency scheme launched by United Arab Emirates for expatriates
    A) Diamond Card
    B) Platinum Card
    C) Silver Card
    D) Golden Card
    View answer
    Option D
  6. The interest rate on Ways and Means Advances (WMA) is equal to ________
    A) Repo Rate

    B) SLR
    C) CRR
    D) MSF
    View answer
    Option A
    Explanation:
    The interest rate on WMA will be Repo Rate and overdraft will be 2% above the Repo Rate.
  7. What is the India’s sovereign rating as per the Rating agency Fitch?
    A) BB-

    B) BBB-
    C) CCC+
    D) BBB+
    View answer
    Option B
    Explanation:
    Rating agency Fitch has retained India’s sovereign rating at ‘BBB-‘ with stable outlook. BBB- is the lowest investment grade.
  8. Head office of Lakshmi Vilas Bank Ltd is situated at _____________
    A) Bengaluru

    B) Kochi
    C) Chennai
    D) Bhubaneswar
    View answer
    Option C
  9. D.K. Mohanty Committee has recommended opening of large Currency Chests with Minimum Chest Balance Limit of _____________
    A) Rs 10 billion

    B) Rs 5 billion
    C) Rs 15 billion
    D) Rs 20 billion
    View answer
    Option A
  10. In order to promote BSE Startups platform, BSE has partnered with which bank?
    A) Axis Bank

    B) SBI
    C) PNB
    D) HDFC
    View answer
    Option D
    Explanation:
    BSE (formerly Bombay Stock Exchange) has signed of a memorandum of understanding (MoU) with HDFC Bank to spread awareness about the benefits of listing on BSE Startups platform.

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