Banking Awareness Quiz – Set 138

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. _______ is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of the person. 
   A. Credit Score
   B. Credit Report
   C. Credit File
   D. Credit Bureaus
   E. None of these
   

   Answer & Explanation

   A. Credit Score
   Explanation:
   Credit Score is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of the person. 
   
   
2. Government securities are instruments issued by the government to borrow money from the market is also known as ______
   A. Gilt-edged securities
   B. G – Secs
   C. Bonds
   D. Both (A) and (B)
   E. Both (B) and (C)
   

   Answer & Explanation

   D. Both (A) and (B)
   Explanation:
   Government securities are instruments issued by the government to borrow money from the market is also known as Gilt-edged securities or G-Secs.
   
   
3. Gilt-edged securities are used to maintain _______
   A. Repo Rate
   B. CRR
   C. Reverse Repo Rate
   D. SLR
   E. None of these
   

   Answer & Explanation

   D. SLR
   Explanation:
   Gilt-edged securities are used to maintain SLR.
   
   
4. Which of the following covered under the Consumer Protection Act?
   A. Standard & Poor’s
   B. Fitch
   C. ICRA
   D. ONICRA
   E. Banking Services
   

   Answer & Explanation

   E. Banking Services
   Explanation:
   Banking Services are covered under the Consumer Protection Act
   
   
5. The PLR has been replaced with ______
   A. Repo Rate
   B. CRR
   C. Reverse Repo Rate
   D. SLR
   E. Base Rate
   

   Answer & Explanation

   E. Base Rate
   Explanation:
   The PLR has been replaced with Base Rate
   
   
6. The Headquarters of Moody’s Investors Service is ______
   A. Washington DC
   B. New York
   C. Rome
   D. Geneva
   E. None of these
   

   Answer & Explanation

   B. New York
   Explanation:
   The Headquarters of Moody’s Investors Service is New York.
   
   
7. Credit Rating Agency, ONICRA is a ______
   A. Private sector
   B. Scheduled Bank
   C. Development Bank
   D. Financial Services Company
   E. Public limited Company
   

   Answer & Explanation

   A. Private sector
   Explanation:
   Credit Rating Agency, ONICRA is a private sector agency.
   
   
8. The Headquarters of Standard & Poor’s is _______
   A. Washington DC
   B. New York
   C. Rome
   D. Geneva
   E. None of these
   

   Answer & Explanation

   B. New York
   Explanation:
   The Headquarters of Standard & Poor’s is New York. 
   
   
9. The Headquarters of SME Rating Agency of India (SMERA) is ______
   A. Mumbai
   B. New Delhi
   C. Chennai
   D. Hyderabad
   E. None of these
   

   Answer & Explanation

   A. Mumbai
   Explanation:
   The Headquarters of SME Rating Agency of India (SMERA) is Mumbai.
   
   
10. The Headquarters of Fitch is ______
    A. Washington DC
    B. New York
    C. Rome
    D. Geneva
    E. None of these
    

    Answer & Explanation

    B. New York
    Explanation:
    The Headquarters of Fitch is New York