Banking And Financial Awareness MCQ- Set 30

Banking And Financial Awareness MCQ- Set 30

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You must practice the Banking And Financial Awareness MCQ/ Quiz  daily from Achiever's Rule . Read the Banking Articles,  Daily Current Affairs Update, Current Affairs Articles to prepare yourself for the upcoming IBPS, RBI, SBI Exams. You may download the available PDFs.

Q1.Who is the Chairman and MD of SIDBI ?

A]Asif Khan

B]Mohammad Mustafa

C]Suresh Bindra

D]Akhilesh Sinha

E]None of them

Q2.What is the amount SBI has planned to raise by allotting Basel-III compliant bonds to various investors?

A]Rs. 2500 Crore

B]Rs. 2100 Crore

C]Rs. 2000 Crore

D]Rs. 3000 Crore

E]None of these

Q3.Which of the following banks has hit the international bond market with a USD 400- Million issue as the part of the USD 2-Billion medium term note Program ?

A]Punjab National Bank

B]Canara Bank

C]Punjab and Sindh Bank

D]Dena Bank

E]Vijaya Bank

Q4.Which of the following banks has not yet crossed the Rs. 1 Trillion Market Capitalization ?

A]HDFC Bank

B]ICICI Bank

C]SBI

D]Indusind Bank

E]Dena Bank

Q5.India has signed a loan pact for financing of $329 Million for the Gujrat Rural Road Projects ?

A]ADB

B]World Bank

C]AIIB

D]SBI

E]None of these

Q6.The customers of which bank will have to pay charges for depositing cash above Rs. 5000 in non-base branches ?

A]Punjab And Sindh Bank

B]Dena Bank

C]Vijaya Bank

D]Punjab National Bank

E]SBI

Q7.Which Indian is appointed as the Executive Director, World Bank to represent India, Bangladesh, Bhutan and Sri Lanka for 3 years ?

A]Raghuram Rajan

B]Subhas Garg

C]S. Aparna

D]Urjit Patel

E]None of them

Q8."Prosperity For All" is the tagline of which Bank ?

A]Corporation Bank

B]Federal Bank

C]Syndicate Bank

D]UCO Bank

E]None of these

Q9.In which year the Indian Bank was established ?

A]1908

B]1907

C]1906

D]1905

E]1904

Q10.Indus OS has joined hand with which of the following banks for launching the "OS- integrated UPI payment platform" in India ?

A]ICICI Bank

B]Axis Bank

C]Yes Bank

D]HDFC Bank

E]None of these

Q11.In which city the Secretariat Office of Financial Stability Board is situated ?

A]London

B]Nairobi

C]New York

D]Basel

E]None of these

Q12.The Economic Survey of India is compiled by which of the following ?

A]Ministry of Home Affairs

B]Ministry of Finance

C]CBDT

D]NITI Aayog

E]None of these

Q13.To whom the "Sub Prime Lending" is made ?

A]The borrowers who want to take loan against mortgage of tangible assets.

B]The preferred customers of Bank.

C]The borrowers with bad credit history.

D]The borrowers with a good credit history.

E]None of these

Q14.LIBOR stands for which of the following ?

A]Liberal Inter Bank Offered Rate

B]Liberal Inter Bank Official Ratio

C]London Inter Bank Official Ratio

D]London Inter Bank Offered Rate

E]None of these

Q15.What do you mean by Stagflation ?

A]Inflation with recession

B]Inflation with deflation

C]Inflation with growth

D]Deflation with growth

E]None of these

Explanation

Explanation 1. Mohammad Mustafa is the MD and Chairman of SIDBI(Small Industries Development Bank of India). He is 1995 batch IAS officer of Uttar Pradesg Cadre.

Explanation 2. SBI has planned to raise Rs. 2000 Crore by allotting Basel-III compliant bonds to various investors. The bond will carry a coupon rate of 8.15% per annum with a call option after 5 years.

Explanation 3. Canara Bank has hit the international bond market with a USD 400 Million issue as the part of the USD 2-Billion medium term note Program. Foreign Rating Agency Moody has assigned a Baa3 tating to it.

Explanation 4. Dena Bank has not yet crossed the Rs. 1 Trillion Market Cap. HDFC Bank, ICICI Bank, Axis Bank, SBI, Kotak Mahindra Bank and Indusind Bank are 6 listed banks which have crossed the capitalization.

Explanation 5. India has signed a loan pact with Asian Infrastructure Investment Bank for financing of $329 Million for the Gujrat Rural Road Projects. It aims to improve connectivity of rural road and accessibility to more than thousand villages in 33 districts.

Explanation 6. The customers of Punjab National Bank will have to pay charges for depositing cash above Rs. 5000 in non-base branches whether it is situated in same city or not. Customers will have to pay Re. 1 per Rs. 1000 for above Rs. 5000 cash deposit.

Explanation 7. S. Aparna is appointed as the Executive Director, World Bank to represent India, Bangladesh, Bhutan and Sri Lanka for 3 years. She is a 1988 Batch IAS and will replace Economic Affairs Secretary Subhas Garg at World Bank.

Explanation 8. "Prosperity For All" is the tagline of Corporation Bank. It is the public-sector banking organization. The headquarter is situated in Mangalore, India.

Explanation 9. the Indian Bank was established in 1907. It is the Indian state-owned banking company. The head-office is situated in Chennai.

Explanation 10. Indus OS has joined hand with Yes Bank for launching the "OS-integrated UPI payment platform" in India. Users of Indus OS can use the UPI on SMS, various mobile apps like Whatsapp and dialler interfaces.This helps in P2P transaction.

Explanation 11. The Secretariat Office of Financial Stability Board(FSB) is situated at Basel city of Switzerland. It is an international body which monitors and makes the recommendations regarding global financial system.

Explanation 12. The Economic Survey of India is compiled by Ministry of Finance before the commencement of Union Budget.It is compiled under the guidance of the Chief Economic Adviser and the Finance Minister.

Explanation 13. the "Sub Prime Lending" is applied while giving loan to the borrowers with bad credit history. It is also known as non-prime, near-prime and the second-chance lending.

Explanation 14. LIBOR stands for London Inter Bank Offered Rate. It is average interest rate estimated by the leading banks of London.

Explanation 15. Stagflation denotes inflation with recession.It is the high inflation which is combined with high rate of unemployment and stagnant demand of the economy of a country.