Banking and Financial Awareness - Part 29

Daily Banking and Financial Awareness Quiz - Part 29

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 offence of money laundering has been defined in which section of the Prevention of Money Laundering Act, 2002 (PMLA) ?
A. Section 2
B. Section 3
C. Section 5
D. Section 1
E. Section 6


Q2.Fixed foreign exchange rate can be changed by ?
A. RBI
B. SEBI
C. FIPB
D. Ministry of Finance
E. All of these


Q3. The head querters of the competition Appellate Tribunal is situated at?
A. Mumbai
B. Chennai
C. New Delhi
D. Bhopal
E. Kolkata


Q4.UIDAI was constituted as on attached office of the............ ?
A. Planning Commission
B. Ministry of Finance
C. Ministry of Home Affairs
D. CSO
E. None of these


Q5. Mutual funds that charge a sales commission when shares are purchased are called?
A. No-load funds
B. Loaded funds
C. Sinking funds
D. Sinking-charge funds
E. None of these


Q6.A fund which any urgent or unforeseen expenditure is met at the disposal of the President is known as ?
A. Public Account Fund
B. Consolidated Fund
C. Contingency Fund
D. Current Account Fund
E. None of these


Q7.In India, the Finance Commission is constituted for ?
A. 4 years
B. 5 years
C. 6 years
D. 7 years
E. 2 years


Q8.Which of the following step is helpful to control the inflation ?
A. Reduction is SLR
B. Deduction in the Bank rate
C. Increase in CRR
D. All of these
E. None of these


Q9.If an economy is equilibrium at the point where plans to save and to invest are equal, then government expenditure must be ?
A. zero
B. equal to government income
C. four-tier structure
D. five-tier structure
E. None of these


Q10.How many RRBs were established on 2nd October, 1975 ?
A. Four
B. Five
C. Three
D. Ten
E. None of these


Q11.To which of the following did SEBI gave permission to operate as a full-fledged stock exchange ?
A. Up-Stock exchange
B. BSE
C. MCX- SX
D. NSE
E. None of these


Q12.Which money market instrument is mainly used by the banks to meet their temporary requirement of cash ?
A. Call money
B. Treasury bill
C. Certificate of deposit
D. Trade bill
E. Commercial paper


Q13...................is the rate at which RBI is ready to buy or rediscount bills of exchange or other commercial papers ?
A. Base rate
B. Bank rate
C. Repo rate
D. Reverse repo rate
E. None of these


Q14.What stands for ICAAP ?
A. International Capital Adequacy Assessment Process
B. Internal Capital Accounts Assessment Process
C. Internal Capital Adequacy Assessment Programme
D. Internal Capital Adequacy Assessment Programme
E. None of these


Q15. India is not a member of which of the following groups?
A. BRICS
B. NATO
C. OECD
D. UNLF
E. None of these