IMPORTANT BANKING AWARENESS QUESTIONS : SET 6

Banking awareness plays a vital role in the General knowledge section.So, start preparing for your mains examination and score more marks by practising these quizzes.

1) According to the data from BSE which of the following bank beat india’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country?

a) Axis Bank

b) Yes Bank

c) HDFC Bank

d) ICICI Bank

e) Kotak Mahindra Bank Ltd

2) _________ remained country’s most valuable bank with a market capitalisation of Rs5.04 trillion.

a) Yes Bank

b) HDFC Bank

c) Axis Bank

d) Kotak Mahindra Bank Ltd

e) ICICI Bank

3) Which of the following bank launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day?

a) ICICI Bank

b) Yes Bank

c) Axis Bank

d) Punjab National Bank

e) HDFC Bank

4) National E-Repository Limited (NERL), a group company of National Commodity and Derivatives Exchange Limited (NCDEX ), has brought in which of the following banks on board as the repository participants for pledge finance?

a) Axis Bank and Yes Bank

b) ICICI Bank and Axis Bank

c) Yes Bank and ICICI Bank

d) Yes Bank and HDFC Bank

e) ICICI Bank and HDFC Bank

5) What is the abbreviation of D in WDRA?

a) Direction

b) Deployment

c) Development

d) Derivatives

e) Decline

6) The Reserve Bank of India tightened reporting norms for the LRS under which an individual can transfer up to USD 2,50,000 abroad in a year.What is the abbreviation of LRS?

a) Latent Rating Schedule

b) Liberalised Remittance Scheme

c) Liberalised Remittance Schedule

d) Liberalised Rating Scheme

e) Latent Remittance Scheme

7) The World Bank has approved ______ mn to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily.

a) 55

b) 50

c) 53

d) 59

e) 54

8) Who is the president of World Bank?

a) Jai Kumar Garg

b) Ashwani Kumar

c) Lewis Preston

d) Robert B. Zoellick

e) Jim Yong Kim

9) Jammu and Kashmir Bank has launched a special financing scheme named ________ to help the state industry cope with the delay in reimbursement of GST under special tax relief?

a) ‘Add-out Weakened Capital GST ‘

b) ‘Add-on Weakened Council GST ‘

c) ‘Add-on Working Capital GST ‘

d) ‘Add-on Working Council GST ‘

e) ‘Add-on Weakened Capital GST ‘

10) Which of the following bank becomes the first foreign bank in the UK to ringfence its retail division from its wholesale business?

a) HSBC

b) Syndicate Bank

c) World Bank

d) UCO Bank

e) State Bank of India

11) The State Bank of India will be investing a total of Rs ______ billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.

a) 85

b) 80

c) 70

d) 79

e) 86

12) Deutsche Bank AG named Christian Sewing as the Chief Executive officer of the Bank. He has replaced ________

a) John Cryan.

b) Garth Ritchie

c) Melwyn Rego

d) Pawan Kumar Bajaj

e) Lewis Preston

13) Where is the headquarters of Deutsche Bank ?

a) Berlin , Germany

b) Munich , Germany

c) Sydney , Australia

d) Essen , Germany

e) Frankfurt, Germany.

14) Private sector lender IndusInd Bank has received RBI’s approval to buy the securities services arm of IL&FS.What is the abbrfeviation of IL & FS?

a) Infrastructure Leasing and Financial Services

b) Infrastructure Lacting and Financial Services

c) Infrastructure Leasing and Functional Services

d) Infrastructure Laser and Functional Services

e) Infrastructure Lacting and Functional Services

15) Asian Development Bank is headquartered in _______

a) Cebu , Philipines

b) Berlin , Germany

c) Manila , Philipines

d) Canbera , Australia

e) Munich , Germany

16) The RBI has imposed a monetary penalty of Rs. 58.9 crore on _______ Limited for non-compliance with the directions issued by the RBI on direct sale of securities from its Held To Maturity (HTM) portfolio and specified disclosure in this regard.

a) IndusInd Bank

b) Yes Bank

c) Axis Bank

d) ICICI Bank

e) HDFC Bank

17) _______ has allowed physical settlement of both stock options and stock futures. At present only cash settlement of derivatives is allowed.

a) IRBI

b) NBFC

c) NHB

d) IRDAI

e) SEBI

18) Exim Bank has announced that it will provide a USD_____ million credit facility to Economic Community of West African States (ECOWAS) to fund various development projects in western-south Africa.

a) 530

b) 520

c) 500

d) 505

e) 550

19) Who is the Managing Director of Exim Bank?

a) Robert B. Zoellick

b) John Cryan.

c) Lewis Preston

d) Mr. David Rasquinha

e) Garth Ritchie

20) SWIFT announces the extension of its GPI Tracker to cover all payment instructions sent across the network, enabling GPI banks to track all their SWIFT payment instructions at all times, and giving them full visibility over all their payments activity.What is the abbreviation of SWIFT?

a) Society for Worldwide Intra Financial Telecommunication Code.

b) Society for Worldwide Interbank Financial Telecommunication Code.

c) Society for Worldwide Interbank Functional Telecommunication Code.

d) Security for Worldwide Interbank Financial Telecommunication Code.

e) Society for Worldwide Intrabank Financial Telecommunication Code.

Answer Key

1) e) Kotak Mahindra Bank Ltd

2) b) HDFC Bank

3) d) Punjab National Bank

4) e) ICICI Bank and HDFC Bank

5) c) Development

6) c) Liberalised Remittance Schedule

7) a) 55

8) e) Jim Yong Kim

9) c) ‘Add-on Working Capital GST ‘

10) e) State Bank of India

11) b) 80

12) a) John Cryan.

13) e) Frankfurt, Germany.

14) a) Infrastructure Leasing and Financial Services

15) c) Manila , Philipines

16) d) ICICI Bank

17) e) SEBI

18) c) 500

19) d) Mr. David Rasquinha

20) b) Society for Worldwide Interbank Financial Telecommunication Code.

Other Important Links:

YOJANAS & SCHEMES – BANKING AWARENESS QUIZ – SET 1

SSC CHSL 2017 – 2018 : Tentative Vacancy Updated (For LDA / JSA)