Banking and Financial Awareness - Part 20

Daily Banking and Financial Awareness Quiz - Part 20

Effective For SBI PO - IBPS PO - Bank Exams - Insurance Exams

Dear Reader, 

As SBI PO/CLERK, IBPS PO/CLERK Prelims & Mains Exams is scheduled tentatively in the month of May to December. Start daily practice for your upcoming Banking Exams.  It will help you to boost your score. In this section you will get daily 15 questions in the form of Multiple Choice Questions (MCQs).

Q1.The Indian rupee is ?
A. Token coin
B. Gold coin
C. Standard-token coin
D. Standard coin
E. None of these

Q2.Who sets up the Bench Mark Interest Rate for Germany ?
A. German Central Bank
B. Deutsche Bundes Bank
C. European Central Bank
D. Deutsche these
E. None of these

Q3.The maximum SLR to be maintained by ?
A. 40%
B. 45%
C. 30%
D. 35%
E. None of these

Q4.Which of the following financial organizations has announced to close its retail broking and depository business in India recently ?
A. HSBC
B. Standard Chartered
C. J.P. Morgan
D. Barclays
E. None of these

Q5.All banks in india get major policy decisions/directives/guidelines from ?
A. Ministry of Home Affairs, Government of India
B. SEBI
C. Reserve Bank of India (RBI)
D. All India Bank Employees Union
E. Foreign Exchange Dealers Association of India

Q6.When the loan is granted by a bank for purchase of electronic goods, it is called ?
A. Priority sector loan
B. White goods loan
C. Consumer durable loan
D. All of these
E. None of these

Q7.What is the official goal of World bank, ?
A. To provide fund to countries all over the world
B. To give loans to the banks of developing
C. To reduce poverty in the whole world
D. To section funds to developed countries
E. None of the above

Q8.Jnanpith Award is given for excellence in the field of ?
A. Music
B. Literature
C. Sports
D. Films
E. Social service

Q9.Interest on saving bank account is calculated on ?
A. Yearly basis
B. Monthly basis
C. Weekly basis
D. Daily basis
E. Quarterly basis

Q10.Devaluation of a currency means ?
A. Reduction in the value of a currency vis-a-vis major iternationally traded currencies
B. Permitting the currency to seek its worth in the international market
C. Fixing the value of the currency in conjunction with the movement in the value of pre-determined currency
D. Fixing the value of currency in multilateral consultation with the IMF the World Bank and major trading partners
E. None of these

Q11. Ensuring uninterrupted settlements of financial transactions (both internal and external) means?
A. Financial literacy
B. Financial exclusion
C. Financial Inclusion
D. Financial stability
E. None of these

Q12.Bridge loans refer to ?
A. Loans granted to construction companies for onstruction of bridges
B. Loan granted to PWD for construction of bridge over rivers
C. Interim finance allowed by banks to their customer's pending disbursemet of of term loans by financial Institutions
D. All of these
E. None of these

Q13.Dalal Street is situated at which of the following place ?
A. Delhi
B. Mumbai
C. Kolkata
D. Pune
E. None of these

Q14. Recently, RBI has allowed ............to open branches in tier-II cities without asking for permit?
A. Regional rural banks
B. NBFCs
C. Commercial banks
D. Retail banks
E. None of these

Q15. ..............is not a member country of Shanghai Cooperation Organization (SCO).?
A. India
B. Tajikistan
C. Tajikistan
D. China
E. Russia