Banking Awareness Quiz 59 Posted on November 13, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 59 1. Which country became the first country in the world to launch its own cryptocurrency as a legal tender ? Ecuador Fiji Vancouver Marshall Islands None of these 2. Under which of the following act was the 'Banking Codes and Standards Board of India' registered as a society ? Negotiable Instrument Act, 1881 Banking Regulation Act, 1949 Societies Registration Act, 1860 Banker’s Books Evidence Act, 1891 Reserve Bank of India Act, 1934 3. The transaction in which a bank guarantees the payment in case of any damage or financial loss and accepts financial risk & liability is known as _______ ? Letter of Credit Bank guarantee Underwriting Collateral Other than the given option 4. In the Union Budget 2018-19, what is the amount of the total budget allocated for Micro-Units Development & Refinance Agency Ltd (MUDRA) Yojana ? Rs. 5.61 lakh crore Rs. 5 lakh crore Rs. 1.44 lakh crore Rs. 3 lakh crore Rs. 2.50 lakh crore 5. Under which of the following acts have the KYC norms been implemented ? Foreign Contribution and Regulation Act, 1976. Prevention of Money Laundering Act, 2002 Banking Regulation Act, 1949 SEBI Act, 1992 Both (b) and (c) 6. To which of the following sections of the society does the “Blue Coloured Aadhaar Card', launched by the Unique Identification Authority of India, cater to? Children below the age group of six years Children below the age group of five years Old age people above 65 year of age Economically Weaker Section None of these 7. Which among the following is not a product of National Payments Corporation of India ? Bharat Bill Payment System Real Time Gross Settlement National Financial Switch Unified Payments Interface Immediate Payment Service 8. What is the full form of 'SWIFT' with reference to the banking industry? Society for Worldwide Interbank Financial Telecommunication Socity for World Internet Telephone Socity for Worldwide Internet Telecommunication Social for World Interbank Telecommmunication None of these 9. The derivative contract through which two parties exchange a financial instrument is known as _____ ? Arbitrage Forward Hedge Swap None of these 10 . The Reserve Bank of India (RBI) has discontinued the issuance of which of following letter(s)? a. Letter of Undertaking b. Letter of Comfort c. Letter of Credit Only a and b Only b Only b and c Only a All the above Advertisements Banking Banking Awareness Quiz G.A Banking Awareness Quiz 58 Posted on November 13, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 58 1. The Reserve Bank of India raised the Foreign Portfolio Investment limit for Government Securities (G-secs). The limit has been increased by _____ crore ? Rs. 7500Cr Rs. 6000Cr Rs. 6400Cr Rs. 5600Cr Rs. 7000Cr 2. Which of the following are the criteria for setting up a 'payment bank'?a) Maintenance of CRRb) Maintenance of a minimum 21% of its "demand deposit balances" in SLR c) Maintenance of a minimum paid-up equity capital of Rs. 100 crore Only A and C Only B and C Only A and B All of the above None of the above 3. Consider the following statements with respect to Bitcoins or 'cryptocurrencies' as they are commonly known;a. Bitcoin is a decentralized electronic payment system b. Only a finite number of bitcoins can be created by miners c. Bitcoins are indivisible units of currency d. Every single bitcoin transaction is recorded in a ledger called the blockchain.Which of the above statements are correct ? A, B and C A, D and C A , B and D All of the above None of the above 4. 'Cheque' and Demand Draft' come under the purview of which of the following Acts ? Banking Regulation Act, 1949 The Banking Companies Act–1949 Chit Fund Act–1982 Negotiable Instrument Act, 1881 Other than the given options 5. Which of the following economic terms is incorrectly matched with its definition? (i) Inflation: A general increase in the price level (ii) Deflation: A General decline in the price level(iii) Disinflation: Reduction in the rate of inflation(iv) Stagflation: Inflation with high rates of unemployment (i) and (ii) (ii) (iii) (iii) and (iv) None of the above 6. Which of the following risks are associated with the calculation of Capital to Risk (weighted) Assets Ratio (CRAR)? a. Operational Risk b. Market Risk c. Credit Risk Select the correct option from the given option ? Only a and b Only b Only c Only a and c All a ,b and c 7. What does ‘V’ stand for in LTV ? Virtue Valuate Value Valuation None of these 8. ‘GDR’ is a bank certificate issued in more than one country for shares in a foreign company. What does 'R' stands for in ‘GDR’ ? Receipt Ratio Revenue Risk Reserve 9. Which of the following accounts are exempted from Base rate?a) DRI loans b) Current account c) Saving account d) Loans to banks’ own employees Only b and c only a and d only a and b all a, b and c None 10 . Which of the following is not considered a Core Industrial Sector in the Index of Industrial Production (IIP) ? Steel Refinery products Electricity Telecom Crude oil Banking Banking Awareness Quiz G.A Static GK Quiz Banking Awareness Quiz 57 Posted on November 13, 2018 by kseducational Leave a comment Banking Awareness Quiz for IBPS PO Mains & IBPS Clerk Welcome to your Banking Awareness Quiz 57 1. Under the money back policy, what’s the name of the amount which is paid back to insured via instalments ? Annuity Paid-up value Sum Assured Survival Benefit Surrender Value 2. Which of the following accounts provides facility to exporters for converting foreign exchange into Rupees at the minimum cost ? NRE Account Escrow Account NRO Account EEFC Account None of the above 3. In order to achieve financial inclusion goals, RBI has permitted opening of USBs. What is the full form of USB ? United Smaller Branches Urban Small Branch Ultra Small Branch Unique Safety Branch Other than those given as options 4. A scheme that invests in the other scheme of same Mutual Fund or other Mutual Funds instead of investing in securities is called ? Leveraged Funds Basket Fund Fund of Funds (FoF) Private Equity Fund Hedge Funds 5. What is the name given to the financial markets where there is a trading of both the debt and the stock instrument, subject to a maturity period of more than one year ? Short Term Market Capital Market Counter Market Long Term Market None of these 6. Transition process of Exchange from mutually owned association to a company is called ? Recognition of Stock Exchange Corporatization of Stock Exchange Demutualization of Stock Exchange Liquidation of Stock Exchange None of these 7. The Reserve Bank of India (RBI) has issued the final guidelines suggesting on ‘NSFR’ to ensure that banks have sufficient stable sources of funding to finance their activities over the long term. What does ‘S’ stands in NSFR ? Standing Statutory Simplified Stable Sustain 8. The IBBI is one of the most important institutional arrangements that India has. What does the abbreviation 'IBBI' stand for ? Indigence and Bankruptcy Board of India Insufficiency and Bankrupt Board of India Insolvent Bankrupt Board of India Insolvency and Bankruptcy Board of India None of these 9. Which of the following best explains a 'paid-up capital' ? The amount of a company’s capital that has been funded by shareholders. Total annual turnover of a company. Total initial investment. The total amount of loan taken by the company. The final value of total assets in possession of a company. 10. Which of the following banks is authorised to issue the Electoral Bond ? ICICI Bank Indian Post Payment Bank State Bank of India Central Bank of India None of these Banking Banking Awareness Quiz G.A error: Content is protected !!