Financial Awareness Based Quiz

Financial Awareness Quiz

Financial Awareness Based Quiz: This post contains Financial Awareness Quiz for Banking and Insurance exams like IBPS PO/Clerk, SBI PO/Clerk, RBI Assistant/ GRADE B, NABARD, RRB PO/Clerk, NIACL, NICL and LIC AAO/Assistant etc. These Financial Awareness sets will guide you in all upcoming banking and insurance exams.

  1. The three pillars of BASEL II norms are Capital Adequacy Requirements, Supervisory Review and ________.
    A) Market Disciple
    B) CAD
    C) Inflation
    D) Financial stability
    View answer
    Option A
    Explanation:
    The three pillars of BASEL II norms are Capital Adequacy Requirements, Supervisory Review and Market Disciple.
  2. Exchange of cash flow in different currency is known as:
    A) call option
    B) put option
    C) Future
    D) Currency Swap
    View answer
    Option D
    Explanation:
    Exchange of cash flow in different currency is known asCurrency Swap.
  3. What is the full form of CAD?
    A) Current Account Deficiency
    B) Current Account Deficit
    C) Consolidated Account Deficit
    D) Current Account Difference
    View answer
    Option B
    Explanation:
    Current Account Deficit is the full form of CAD.
  4. What is the expanded form of AML?
    A) Assets-Money Laundering
    B) Anti-Money Laundering
    C) Anti- Money Liability
    D) Assets Money Liability
    View answer
    Option B
    Explanation:
    Anti-Money Laundering
  5. RBI has issued the KYC guidelines under Section______ of the Banking Regulation Act, 1949.
    A) Section 35 (A)
    B) Section 35 (B)
    C) Section 35 (C)
    D) Section 35 (D)
    View answer
    Option A
    Explanation:
    RBI has issued the KYC guidelines under Section 35 (A)of the Banking Regulation Act, 1949.
  6. In BSBDA, the credits in a financial year should not exceed to _________.
    A) Rs. 5 lakh
    B) Rs. 1 lakh
    C) Rs. 4 lakh
    D) Rs. 2 lakh
    View answer
    Option A
    Explanation:
    In BSBDA, the credits in a financial year should not exceed to Rs. 1 lakh
  7. In BSBDA, the balance at any point of time does not exceed to _________.
    A) 50,000
    B) 30,000
    C) 40,000
    D) 60,000
    View answer
    Option A
    Explanation:
    In BSBDA, the balance at any point of time does not exceed to 50,000.
  8. In Finance, what does AEPS stands for?
    A) Aadhaar Enacted Payment System
    B) Aadhaar Extended Payment System
    C) Aadhaar Entry Payment System
    D) Aadhaar Enabled Payment System
    View answer
    Option D
    Explanation:
    Aadhaar Enabled Payment System stands for AEPS.
  9. When was the Security Printing and Minting Corporation of India Limited formed?
    A) 1986
    B) 1991
    C) 1996
    D) 2006
    View answer
    Option D
    Explanation: In 2006,
    the Security Printing and Minting Corporation of India Limited was formed.
  10. CRR is defined in which section of RBI Act 1934?
    A) Section 42 (1)
    B) Section 42 (2)
    C) Section 43 (1)
    D) Section 43 (2)
    View answer
    Option A
    Explanation:
    CRR is defined in which section 42 (1)of RBI Act 1934.

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