Banking Awareness Quiz: Set 318

Banking Awareness Quiz

Dear Readers, Welcome to the 2021 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Quiz: Set 318

1. Maximum period for which Commercial paper can be issued is

1. 3 months
2. 1 year
3. 6 months
4. 5 year
5. None of these

2. ______ market is the financial market which is based on another source, financial instruments like future contracts on options which are derived from other form of assets.

1. Insurance market
2. Derivative market
3. Money market
4. Capital market
5. None of these

3. The equity of RRBs are owned by Central Government, concerned State Government and the Sponsor Bank in the propotion of _____.

1. 50:35:15
2. 35:15:50
3. 50:15:35
4. 35:50:15
5. None of these

4. A term used in Economics to describe a situation where the inflation rate is high, the economic growth rate slows down and unemployment remain steadily high.

1. Inflation
2. Recession
3. Stagflation
4. Stagnation
5. None of the above

5. he Banking Companies Act, 1949 came into force on 16th March 1949, but from 1st March 1966 the name of the Act was changed to ________.

1. Banking Regulation Act, 1949
2. Parliament Act, 1949
3. Chartered Accountants act, 1949
4. RBI Act, 1949
5. None of the above

6. Banks/Financial Institutions should cream their LIC policies incorporating four key elements. Identify incorrect element among the following.

1. Customer Acceptance Policy
2. Customer Identification Procedures
3. Social / Financial status
4. Risk Management
5. None of the above

7. _______ is a association of SEBI registered Mutual Funds in India of all the registered assets management companies.

1. IRDA
2. AMFI
3. RBI
4. SIDBI
5. None of these

8. Which of the following rate is not decided by the RBI?

1. CRR
2. Repo rate
3. Base Rate
4. SLR
5. None of the above

9. Positive confirmation of KYC is to be completed at least __ years for medium and __ years for low risk individuals and entities.

1. 1, 2
2. 2, 3
3. 3, 4
4. All of the above
5. None of the above

10. The Reserve Bank of India issued the KYC guidelines under section 35(A) of ________ Act and Rule 9(14) of Prevention of Money Laundering.

1. Reserve Bank of India Act, 1934
2. Prevention of Money Laundering Act, 2002
3. Banking Regulation Act, 1949
4. Negotiable Instruments Act, 1881
5. None of the above

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