Banking Awareness Quiz|16th March 2019

Banking Awareness Quiz for LIC AAO/SBI PO MAINS

Q1.The availability of cash and other cash like marketable instruments that are useful in purchases and investments are commonly known as…………?

(a) Liquidity

(b) Credit

(c) Marketability

(d) Repo Rate

(e) Market price

Q2.Special Drawing Rights (SDR) is supplementary foreign exchange reserve assets defined and maintained by-

(a) Asian Development Bank (ADB)

(b) Reserve Bank of India (RBI)

(c) World Bank (WB)

(d) International Monetary Fund (IMF)

(e) Asian Infrastructure Investment Bank (AIIB)

Q3.Bank Holidays are covered by which of the following?

(a) As per the order of the GOI

(b) As per the order of the IBA

(c) Negotiable Instruments Act

(d) RBI Act

(e) Banking Regulation Act 1949

Q4. Loans against the security of shares, debentures andbonds should not exceed the limit of Rupees

_______________ per individual if the securities are held in dematerialised form.

(a) ten lakhs

(b) five lakhs

(c) thirty lakhs

(d) fifty lakhs

(e) twenty lakhs

Q5.Which bank has launched India’s first golf-centric credit card?

(a) SBI

(b) UBI

(d) PNB

(d) RBL

(e) ICICI

Q6.The process by which the central bank of a country controls the supply of money in the economy by  exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as?

(a) Economic Policy

(b) Monetary Policy

(c) Fiscal Policy

(d) Credit Policy

(e) Budgetary Policy

Q7. _______ is a financial market in which share prices are rising or expected to rise.

(a) Bear Market

(b) Bull Market

(c) Pig Market

(d) High Market

(e) None of these

Q8. MTSS is a way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stand for-?

(a) Mobile Transfer Service Scheme

(b) Money Transfer System Scheme

(c) Money Timing Service Scheme

(d) Market Transfer Service Scheme

(e) Money Transfer Service Scheme

Q9.A Public Provident Fund (PPF) account holder can deposit a maximum of-

(a) 1.5 Lakhs

(b) 2.5 Lakhs

(c) 1.0 Lakh

(d) 3.5 Lakhs

(e) 5.0 Lakhs

Q10.National Securities Depository Limited is an Indian central securities depository based in _______

(a) New Delhi

(b) Chennai

(c) Hyderabad

(d) Mumbai

(e) Bengaluru

Answer Key

Ans.1.(a)

Ans.2.(d)

Ans.3.(c)

Ans.4.(e)

Ans.5.(d)

Ans.6.(b)

Ans.7.(b)

Ans.8.(e)

Ans.9.(a)

Ans.10.(d)

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