Banking and Financial Awareness - Part 30

Daily Banking and Financial Awareness Quiz - Part 30

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.Which of the following Act is useful in foreign exchange market ?
A. FERA
B. BR ACT 1949
C. FEMA
D. Negotiable Instrument Act, 1881
E. None of these


Q2. What is LIBOR ?
A. The rate at which large banks lend to each other
B. It is a stock exchange of London
C. The rate at which small banks lend to each other
D. The rate at which government lend to Reserve Bank
E. None of these


Q3.What is the full form of EEFC ?
A. Exchange Earner's Flexible Currency
B. Exchange Earner's Floating currency
C. External Earner's Foreign Currency
D. Exchange Earner's Foreign Currency
E. None of these


Q4.Which was the first Indian bank to open a branch outside India in London ?
A. Punjab National Bank
B. State Bank of India
C. Bank of India
D. Canara Bank
E. None of these


Q5.Money lent in the money market for the term as short as one day is referred as ?
A. Notice money
B. Long-term loan
C. Short-term loan
D. Call money
E. None of these


Q6.The case of doing business index is an index created by the ?
A. Internationla Monetary Fund
B. World Bank
C. World Trade Organization
D. Organization for Economic Co-operation and Development
E. International Finance Corporation


Q7.When was the first Narasimham Committee on banking sector reforms set-up ?
A. 1900
B. 1990
C. 1991
D. 1998
E. None of these


Q8.The expansion of money supply of an economy depends upon ?
A. The policy of CRR
B. The bank rate policy
C. Open market operation
D. All of these
E. None of these


Q9.In which of the following banks one cannot open personal account ?
A. SBI
B. Private sector bank
C. RBI
D. HDFC
E. None of these


Q10.If the involvement of financial intermediary in aiding credit creation without regulatory oversight is called ?
A. Virtual banking
B. Common banking
C. Unit banking
D. Shardow banking
E. Yes banking


Q11.The termination of an insurance policy due to non-payment of premium is technically Known as ?
A. Lapse
B. Death
C. Forfelture
D. Seize
E. None of these


Q12.An Asset management company is promoted for which of the following purposes ?
A. To manage the assets of Insurance company
B. To manage the funds of mufual fund
C. To manag the loan taken from other banks
D. To manage the assets fo NBFCs
E. None of these


Q13.The note issuing department of the Reserve Bank of India alwya possesses the minimum gold stock with how much ?
A. Rs. 50 lakh
B. Rs. 100 lakh
C. Rs.10 lakh
D. Rs.75 crore
E. Rs. 115 crore


Q14.Who among the following is the author of the book "Straight from the Heart" ?
A. Ravi Shastri
B. Kapil Dev
C. M.S. Dhoni
D. Sourav Ganguly
E. Sachin Tendulkar


Q15. Income Tax was introduced in India by?
A. Sir Charies Wood
B. Lord Macaulay
C. James Wilson
D. William jonese
E. None of these