Banking & Financial Awareness MCQ - Set 33

Banking Awareness: Important Questions Answers

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Q1.Which of the following banks is planning IPOs of two Regional Rural Banks ?

A]RBI

B]SBI

C]State Co-operative Bank

D]NABARD

E]None of these

Q2.Which of the following Private Sector Banks of India inaugurates AADHAAR enrollment center?

A]HDFC Bank

B]Axis Bank

C]Yes Bank

D]Karur Vaishya Bank

E]ICICI Bank

Q3.Who is the Executive Director of IBBI (Insolvency and Bankruptcy Board of India) ?

A]Padmini Sahai

B]Jyoti Sharma

C]Dr. Mamata Suri

D]Fateema Shaikh

E]Sabrina D'Souza

Q4.Which Bank is planning to waive 12 EMIs on regular repayments of loan up to 30 Lakh ?

A]ICICI Bank

B]Axis Bank

C]Kotak Mahindra Bank

D]HDFC Bank

E]None of these

Q5.The Power Grid of India has signed a pact with which of the following banks ?

A]World Bank

B]Commonwealth Bank of Australia

C]Asian Development Bank

D]Asian Infrastructure Investment Bank

E]None of these

Q6.FICCI stands for which of the following ?

A]Foundation of Indian Chambers of Commerce and Industry

B]Federation of Indian Committees of Commerce and Industry

C]Federation of Indian Chambers of Commerce and Investment

D]Federation of Indian Chambers of Commerce and Industry

E]None of these

Q7.Which of the following is/are the feature(s) of the new Rs. 50 currency notes ?

A]It will bear the signature of RBI Governor Urjit Patel.

B]Its base colour will be Fluorescent Blue.

C]It will have the motif of "Hampi With Chariot".

D]It will be a legal tender.

E]All of these

Q8.Which of the following Public Sector Banks has signed Insurance deal with Bajaj Allianz General Insurance ?

A]United Bank of India

B]Union Bank of India

C]Dena Bank

D]Vijaya Bank

E]SBI

Q9.In which place the first regional center of New Development Bank was opened ?

A]New York

B]London

C]Johannesburg

D]Paris

E]New Delhi

Q10."With you all the way" is the tagline of which bank ?

A]Vijaya Bank

B]Dena Bank

C]UCO Bank

D]SBI

E]Andhra Bank

Q11.CASA Deposits are which of the following ?

A]Term Deposits

B]Demand Deposits

C]Recurring Deposits

D]Hybrid Deposits

E]None of these

Q12.ECB stands for which of the following ?

A]External Credit For Business

B]Essential Commercial Banking

C]European Credit Borrowing

D]External Commercial Borrowing

E]None of these

Q13.Who was the first Governor of RBI ?

A]C. D Deshmukh

B]Urjit Patel

C]Osborne Smith

D]James Taylor

E]None of them

Q14.What is the reason behind Depreciation of an asset ?

A]Theft

B]Wear and Tear

C]Labour Trouble

D]Fire in the Unit

E]None of these

Q15.Who was the first MD of Exim Bank ?

A]R C Shah

B]Ravneet Kaur

C]Kalyan Banerjee

D]T Ranganathan

E]None of them

Explanation

Explanation 1. SBI is planning IPOs (Initial Public Offering) of two Regional Rural Banks within next year to increase their efficiency and value. This move is first of its kind for a Public Sector Bank. These two banks are Andhra Pradesh Grameena Vikash Bank and Saurashtra Gramin Bank.

Explanation 2. Karur Vaishya Bank inaugurates AADHAAR enrollment center as per the directives of UIDAI as the first Private Sector Bank of India. Customers need to submit approved documents as proof of residence and identity. The process of enrollment will be completed in 15 minutes.

Explanation 3. Dr. Mamata Suri is the Executive Director of IBBI (Insolvency and Bankruptcy Board of India). IBBI is the regulator to oversee insolvency proceeding and entities.

Explanation 4. Axis Bank is planning to waive 12 EMIs on regular repayments of loan up to 30 Lakh under its new launched scheme Subh Aarambh Home Loans. The loans may be used to buy an house, self construction and a plot plus construction.

Explanation 5. The Power Grid, which is a state owned electric utilities organization, has signed a pact with ADB (Asian Development Bank). The loans are proposed to be utilized for the funding of Green Energy Corridor.

Explanation 6. FICCI stands for Federation of Indian Chambers of Commerce and Industry .It is the association of the business organizations in India. It was established in 1927.

Explanation 7. The new Rs. 50 currency notes will bear the signature of RBI Governor Urjit Patel.Its base colour will be Fluorescent Blue and will continue to be legal tender. It will have the motif of "Hampi With Chariot".

Explanation 8. Union Bank of India has signed Insurance deal with Bajaj Allianz General Insurance. The Public Sector Bank already has an agreement with New India Assurance.

Explanation 9. The first regional center of New Development Bank was opened in Johannesburg of South Africa. It will help to promote sustainable development through integration, industrialization and infrastructural development.

Explanation 10. "With you all the way" is the tagline of SBI. It was founded in 1955. It is a government-owned bank with headquarters in Mumbai.

Explanation 11. CASA Deposits are Demand Deposits. It refers to the amount of money which gets deposited in savings and current accounts of bank customers.. It stands for Current Account and Savings Account.

Explanation 12. ECB stands for External Commercial Borrowing. These are the loans in India which are made by the non-resident lenders in term of foreign currency to the Indian borrowers.

Explanation 13. Sir Osborne Smith was the first Governor of RBI. He Bank of New South Wales, Commonwealth Bank of Australia before coming to India.

Explanation 14. Wear and Tear is the reason behind Depreciation of an asset.It is the reduction in the value of an asset caused by time due to overuse, wear and tear etc.

Explanation 15. The Export-Import Bank of India was established in 1982 by the Govt. of India. R C Shah was the first MD and Chairman of Exim Bank.