Banking Awareness Quiz – Set 121

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

1. The oldest Stock Exchange of Asia is ______
   A. Bombay Stock Exchange
   B. Calcutta Stock Exchange
   C. Tokyo Stock Exchange
   D. Dhaka Stock Exchange
   E. Afghanistan Stock Exchange
   
   Answer & Explanation

   A. Bombay Stock Exchange
   Explanation:
   The Bombay Stock Exchange, popularly known as BSE, is the oldest one in Asia.
   
   
2. Which of the following committees has given its recommendations on “Financial Inclusion”?
   A. Malhotra Committee
   B. Shivaraman Committee
   C. Rangarajan Committee
   D. Hilton Young Commission
   E. None of these
   
   Answer & Explanation

   C. Rangarajan Committee
   Explanation:
   Rangarajan Committee has given its recommendations on “Financial Inclusion”.
   
   
3. Government of India holds how much % stake in NABARD?
   A. 75%
   B. 92%
   C. 99%
   D. 50%
   E. None of these
   
   Answer & Explanation

   C. 99%
   Explanation:
   Government of India holds how much 99% stake in NABARD.
   
   
4. The Headquarters of DICGC is?
   A. Hyderabad
   B. Mumbai
   C. New Delhi
   D. Chennai
   E. None of these
   
   Answer & Explanation

   B. Mumbai
   Explanation:
   The Headquarters of DICGC is Mumbai
   
   
5. Which of the following banks are insured by DICGC?
   A. Local Area Banks
   B. RRBs
   C. Commercial Banks
   D. Foreign Banks in India
   E. All of these
   
   Answer & Explanation

   E. All of these
   Explanation:
   All commercial banks including branches of foreign banks functioning in India, local area banks and regional rural banks are insured by the DICGC.
   
   
6. What is the authorised capital of Exim bank?
   A. 100 Crore
   B. 150 Crore
   C. 200 Crore
   D. 250 Crore
   E. None of these
   
   Answer & Explanation

   C. 200 Crore
   Explanation:
   The authorised capital of Exim bank is 200 crore.
   
   
7. Open Market Operations of a central bank are sale and purchase of?
   A. Foreign Currencies
   B. Corporate Securities
   C. Trade Bills
   D. Government Securities
   E. None of these
   
   Answer & Explanation

   D. Government Securities
   Explanation:
   Open market operations (OMO) refers to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system, facilitated by the Federal Reserve (Fed).
   
   
8. Insurance Services provided by various banks is commonly known as ______
   A. Investment Banking
   B. Portfolio Management
   C. Micro Finance
   D. Bancassurance
   E. None of these
   
   Answer & Explanation

   D. Bancassurance
   Explanation:
   Bancassurance: The selling of life assurance and other insurance products and services by banking institutions.
   
   
9. In the term STRIPS, the letter “S” denotes _____
   A. Single
   B. Small
   C. Savings
   D. Stock
   E. Separate
   
   Answer & Explanation

   E. Separate
   Explanation:
   STRIPS – Separate Trading of Registered Interest and Principal of Securities.
   
   
10. SEBI was given additional statutory power by the GOI through an amendment to which act?
    A. Negotiable Instruments Act 1881.
    B. Securities and Exchange Board of India Act, 1992
    C. Reserve Bank of India Act 1934
    D. Companies Act 1956
    E. None of these
    
    Answer & Explanation

    B. Securities and Exchange Board of India Act, 1992
    Explanation:
    SEBI was given additional statutory power by the GOI through an amendment to Securities and Exchange Board of India Act, 1992