GK in English

Banking and financial Awareness Previous Year Questions

Q 61. ———has the sole right to mint coins of all denominations.

(a) Govt. of India
(b) Ministry of Finance Govt. of India
(c) Reserve bank of India
(d) State bank of India
(e) None of these
Ans: (a)

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Q 62. The World Bank, an international financial institution, provides loans to countries of the world for capital projects. Where is it Headquartered?

(a) New York, USA
(b) Geneva, Switzerland
(c) Paris, France
(d) Washington DC, USA
(e) Vienna, Austria
Ans: (d)

Q 63. The Securities and Exchange Board of India is the regulator for the securities market in India. The present chairman of SEBI is ___________.

(a) Urjit Patel
(b) Subhash Chandra Khuntia
(c) Ajay Tyagi
(d) Ram Sewak Sharma
(e) Harsh Kumar Bhanwala
Ans: (c)

Q 64. The European Investment Bank is the European Union’s nonprofit long-term lending institution established in 1958 under the Treaty of Rome. Where is the European Investment Bank headquartered?

(a) Warsaw
(b) Luxembourg
(c) Sofia
(d) Vienna
(e) Hungary
Ans: (b)

Q 65. Payments banks conceptualised by the Reserve Bank of India are a new model of banks. Which of the following can Payment Banks do?

(a) Issue debit cards and offer internet banking
(b) Undertake utility bill payments
(c) Accept remittances to be sent to or receive remittances from multiple banks
(d) Issue credit card
(e) Accept demand deposits
Ans: (d)

Q 66. Small Finance Banks are required to extend ______ of their adjusted net bank credit for priority sector lending.

(a) 60%
(b) 50%
(c) 25%
(d) 40%
(e) 75%
Ans: (e)

Q 67. All Regional Rural Banks are advised to achieve and maintain a minimum CRAR of ______ on an ongoing basis.

(a) 15%
(b) 11%
(c) 5%
(d) 9%
(e) 7%
Ans: (d)

Q 68. ___________ has announced the launch of a service to enable NRIs to send money to beneficiaries in India using social media apps such as WhatsApp and e-mail.

(a) Bank of Baroda
(b) Axis Bank
(c) State Bank of India
(d) ICICI Bank
(e) HDFC Bank
Ans: (d)

Q 69. The government has identified how many Regional Rural Banks for listing on stock exchanges in line with the Union Budget 2018-19.

(a) five
(b) two
(c) four
(d) three
(e) one
Ans: (c)

Q 70. The time limit to Bankuptcy resolution process in Insolvency and Bankruptcy Code is _________.

(a) 100 days
(b) 60 days
(c) 90 days
(d) 120 days
(e) 30 days
Ans: (b)

Q 71. According to SEBI, investors will be permitted to purchase mutual funds worth up to how much amount through digital wallets?

(a) Rs 1,50,000
(b) Rs 1,00,000
(c) Rs 50,000
(d) Rs 5,000
(e) Rs 25,000
Ans: (c)

Q 72. Which of the following banks has announced an ESOP scheme with a view to retaining its talent and incentivising staff by issuing up to 10 crore equity shares?

(a) Punjab National Bank
(b) ICICI Bank
(c) State Bank of India
(d) HDFC Bank
(e) Yes Bank
Ans: (a)

Q 73. The Reserve Bank of India has issued a licence to which of the following to launch operations in India?

(a) CITIC Ka Wah Bank Limited
(b) China Construction Bank
(c) Bank of China
(d) Chong Hing Bank Limited
(e) Bank of East Asia Limited
Ans: (c)

Q 74. To offer an integrated payments platform to Micro, Small and Medium Enterprise customers, using MARG’s accounting software, Marg ERP limited has partnered with _____________.

(a) SBI
(b) ICICI Bank
(c) PNB
(d) Axis Bank
(e) Bank of Baroda
Ans: (b)

Q 75. Small Industries Development Bank of India has launched the which portal-

(a) Karmachari Muskan Portal
(b) Udyami Mitra Portal
(c) Bharat Udhyog Portal
(d) Unnat Udhyami Portal
(e) None of these
Ans: (a)

Q 76. NPCI was set up with the guidance and support of-

(b) RBI
(c) SBI
(e) None of these
Ans: (b)

Q 77. The headquarters of Asian Infrastructure Investment Bank-

(a) Cape Town
(b) New Delhi
(c) Beijing
(d) Rio de Janeiro
(e) None of these
Ans: (c)

Q 78. The high-level committee on restructuring stressed assets and creating more value for public sector banks led by-

(a) T. S. R. Subramanian
(b) Ranjan Gogoi
(c) Sunil Mehta
(d) Umesh Sinha
(e) None of these
Ans: (c)

Q 79. Who is the first Chief Financial Officer of RBI?

(a) Urjit Patel
(b) S. Mahalingam
(c) Sudha Balakrishnan
(d) V. Balakrishnan
Ans: (c)

Q 80. Social Pay service was launched by-

(a) SBI
(b) ICICI Bank
(c) Paytm
(d) TCS
(e) None of these
Ans: (b)

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