Banking Awareness Quiz for NIACL AO MAINS|28th February 2019

28/02/2019

Table of Contents

Banking Awareness Quiz for NIACL AO MAINS

Improve your Banking Awareness with Banking quiz. Banking Quiz to help you improve your score for exams like Bank, SSC, Railway and other Government exams.

Q1. The Monetary Policy Committee (MPC) of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. Who is not in MPC?

(a) Urjit R Patel

(b) Arun Jaitley

(d) Michael Debabrata Patra

(e) Ravindra H Dholakia

Q2. According to RBI, how much percent of demonetised banknotes is recovered?

(a) 93%

(b) 90%

(d) 95%

(e) 99%

Q3. What is the interest rate for the Rabi Food & Oilseeds crops in Pradhan Mantri Fasal Bima Yojana (PMFBY)?

(a) 2.0%

(b) 1.5%

(d) 3.5%

(e) 4.0%

Q4. The merger of ___________________ and Vodafone India has been completed, make the largest mobile operator in India?

(a) MTNL

(b) Reliance Jio

(d) Airtel

(e) Idea Cellular

Q5. Which Bank’s credit card issuer has announced the launch of ‘ELA’ (Electronic Live Assistant), a virtual assistant for customer support and services?

(a) State Bank of India

(b) HDFC Bank

(d) Axis Bank

(e) Punjab National Bank

Q6. Which Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative?

(a) ICICI Bank

(b) Bank of India

(d) Kotak Mahindra Bank

(e) Yes Bank

Q7. The World Bank has approved Rs.6000 crore to Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation for which scheme?

(a) Pradhan Mantri Fasal Bima Yojana

(b) Atal Bhujal Yojana

(d) Pradhan Mantri Garib Kalyan Yojana

(e) Atal Mission for Rejuvenation and Urban Transformation

Q8. The Reserve Bank of India (RBI) has launched “financial literacy week” based on theme of _____________________ in Jammu and Kashmir with an aim for good practices for safe digital banking experience.

(a) money and education

(b) consumer protection

(d) konw your rights

(e) bank power

Q9. According to SEBI, investors will be permitted to purchase mutual funds worth up to Rs ______________ through digital wallets.

(a) Rs 1,50,000

(b) Rs 1,00,000

(d) Rs 5,000

(e) Rs 25,000

Q10. Enthused by the success of India’s largest bank State Bank of India’s merger, the government is reportedly mulling another mega bank merger. As per a report, the government is planning to merge Bank of four banks, they banks had reported a combined loss of Rs 21,646.38 crore in the year ended 31 March 2018. Name these four Banks?

(a) Bank of Baroda, Bank of India, Oriental Bank of Commerce and Indian Bank

(b) Punjab National Bank, IDBI Bank, Indian Overseas Bank and Central Bank

(d) Bank of Baroda, IDBI Bank, Oriental Bank of Commerce and Central Bank of India

(e) Bank of Baroda, Corporation Bank, Allahabad Bank and Central Bank of India

Solutions

Ans.1.(b)

Exp. Finance Minister Arun Jaitley is not in MPC.

Ans.2.(e)

Exp. 99.3% of demonetised notes worth Rs 15.3 lakh crore returned: RBI.

Ans.3.(b)

Exp. PMFBY will provide a comprehensive insurance cover against failure of the crop thus helping in stabilising the income of the farmers and encourage them

for adoption of innovative practices. The Maximum Premium payable by the farmers will be 2% for all Kharif Food & Oilseeds crops, 1.5% for Rabi Food & Oilseeds crops and 5% for Annual Commercial/Horticultural Crops.

Ans.4.(e)

Exp. The merger of Idea Cellular and Vodafone India has been completed, creating India’s biggest telecom service provider with over 408 million subscribers.

Ans.5.(a)

Exp. SBI Card, the country’s second largest credit card issuer, today announced the launch of ‘ELA’ (Electronic Live Assistant), a virtual assistant for customer support and services. Driven by Artificial Intelligence and Machine Learning, ELA is designed to enhance customer experience by providing relevant and instant responses to customer queries.

Ans.6.(e)

Exp. YES Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative.

Ans.7.(b)

Exp. The World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance. The scheme proposal has already been recommended by the Expenditure Finance Committee and the Ministry will be seeking Cabinet approval for the project shortly.

Ans.8.(b)

Exp. The Reserve Bank of India (RBI) has launched “financial literacy week” based on theme of “consumer protection” in Jammu and Kashmir with an aim for good practices for safe digital banking experience.

Ans.9.(c)

Exp. Investors will be permitted to purchase mutual funds worth up to Rs 50,000 through digital wallets, the market regulator, Sebi said in a release. “Investments up to Rs 50,000 per mutual fund per financial year can be made using e-wallets,” the regulator said while redemptions of such investments can be made only to the bank account of a unit holder.

Ans.10.(d)

Exp. Enthused by the success of India’s largest bank State Bank of India’s merger, the government is reportedly mulling another mega bank merger. As per a report, the government is planning to merge Bank of Baroda, IDBI Bank, Oriental Bank of Commerce and Central Bank of India. These four banks had reported a combined loss of Rs 21,646.38 crore in the year ended 31 March 2018.