Banking Awareness Quiz|9th March 2019

Banking Awareness Quiz for LIC AAO/SBI PO MAINS MAINS

Q1. Exim Bank concentrates on

(a) medium-term financing

(b) short-term financing

(c) short and medium-term financing

(d) short and long-term financing

(e) None of the above

Q2. ICICI provides financial assistance to

(a) small-scale industries

(b) medium-scale industries 

(c) large-scale industries

(d) All of the above 

(e) None of the above

Q3. Interest is usually paid on money market instruments

(a) at maturity

(b) on request

(c) twice a year 

(d) annually

(e) All of these

Q4. Deflation depresses aggregate demand because of

(a) the wealth effect

(b) the expectations effect

(c) the income effect

(d) the consumption effect

(e) All of the above

Q5. Which of the following cannot issue a Commercial Paper?

(a) Companies

(b) Primary Dealers

(c) Commercial Banks

(d) All Indian Financial Institution

(e) None of these

Q6. Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to-

(a) Rs 1 lakh

(b) Rs 80 lakh

(c) Rs 20 lakh

(d) Rs 50 lakh

(e) Rs 10 lakh

Q7. ___________ to provide guaranteed clearing and settlement functions for transactions in Money, G-Secs, Foreign Exchange and Derivative markets.

(a) NPCI

(b) SEBI

(c) GOI

(d) RBI

(e) CCIL

Q8. The Clearing Corporation of India Ltd. (CCIL) was set up in-

(a) December 2010

(b) February 1995

(c) September 2006

(d) April 2001

(e) March 1999

Q9. Which among the following banks has launched a Multi-currency Forex Card for overseas travelers recently?

(a) South Indian Bank

(b) ICICI Bank

(c) Kotak Mahindra Bank

(d) Standard Chartered Bank

(e) Yes Bank

Q10. Which among the following sectors contributes most to the saving in India?

(a) Banking and financial sector

(b) Private corporate sector

(c) Export sector

(d) Household sector

ANSWER KEY:

Ans.1.(a)

Ans.2.(c)

Ans.3.(a)

Ans.4.(b)

Ans.5.(c)

Ans.6.(d)

Ans.7.(e)

Ans.8.(d)

Ans.9.(d)

Ans.10.(d)

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