Banking & Finance Awareness Quiz Set -2 : IBPS PO | IBPS RRB| IBPS Clerk| SBI| RBI

Banking & Finance Awareness Quiz

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In order to help in your good preparation, here we are presenting you a “Banking & Finance Awareness Quiz” for IBPS PO, IBPS Clerk, IBPS RRB, SBI PO,RBI, NICL, SBI SO, LIC, IBPS Exams, SBI Exams and other competitive exams.

Banking & Finance Awareness Quiz Set -2

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1.On July 6, 2005 a new department, named __in Reserve Bank of India was constituted for surveillance on financial markets.
A. Financial share Market Department
B. Financial Market Department
C. Financial Capital Market Department
D. Financial Trade Market Department
E. None of these

2.Which denomination note was the first paper currency issued by RBI in January 1938?
A. Rs. 2
B. Rs. 5
C. Rs. 10
D. Rs. 100
E. Rs. 1000

3.What is ‘NIKKEI’?
A. Share Price Index of Tokyo Share Market
B. Name of Japanese Central Bank
C. Japanese name of Country’s Planning Commission
D. Foreign Exchange Market of Japan
E. None of these

4 Rupee coins are the legal tender in India under the provisions of-
A. Reserve Bank of India Act, 1934
B. Negotiable Instruments Act, 1881
C. Banking regulation Act, 1949
D. Indian Coinage Act, 1906
E. None of the above

5.RBI implemented the Basel-III recommendations in India-

A. 01.01.2013
B. 31.03.2013
C. 01.04.2013
D. 30.09.2013
E. None of these

6.Which of the following is one of the indicators of Human Development Index (HDI)?
A. Life expectancy at birth
B. Total cost of the agricultural land with a family
C. Total area of the agricultural land with a family
D. Availability of perennial source of water for irrigation
E. Nature of employment, casual permanent or semi-permanent

7.Under Pillar-2 of Basel III, the banks are to have a Board approved ICAAP and assess capital accordingly. ICAAP stands for
A. Internal Capital Adequacy Assessment Procedure
B. Internal Capital Approval Assessment Process
C. Internal Capital Adequacy Assessment Process
D. Internal Capital Assessment Approved Process
E. None of these

8.The risk that loss may arise on account of trading in SAR and other securities by a bank is
classified as:
A. Credit risk
B. Investment fluctuation risk
C. Trading risk
D. Operational risk
E. Market risk

9.A non-banking financial company which carries on the business of acquisition of shares and
securities and satisdies certain conditions, is called
A. investment company
B. financial company
C. non-bank finance company
D. core investment company
E. None of the above

10.The demat shares of a public sector undertaking can be converted in to physical shares. This
process is called:
A. re-issue of shares
B. re-materialization of shares
C. dematerialization of shares
D. forfeiture of shares
E. None of these

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Answers

1. B. Financial Market Department
2. B. Rs. 5
3. A. Share Price Index of Tokyo Share Market
4. D. Indian Coinage Act, 1906
5. C. 01.04.2013
6. Correct Answer: A. Life expectancy at birth
7. C. Internal Capital Adequacy Assessment Process
8. E. Market risk
9. D. core investment company
10. B. re-materialization of shares

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