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Banking Awareness Quiz 55

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Banking Awareness Quiz 55

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Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank-related employment exams have banking awareness questions along with the general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies, etc.
Banking Awareness Quiz 55 article provides the list of several bank related questions to prepare aspirants of different competitive exams in India, primarily for banking related employment. The article Banking Awareness Quiz 55 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

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1. Who can issue Rupee Denominated Bonds Overseas?
    A. REITs B. Indian Banks C. InvITs D. All of these E. None of these

Answer: Option D
Explanation: Any corporate (entity registered as a company under the Companies Act, 1956/ 2013) or body corporate (entity specially created out of a specific act of the Parliament) and Indian banks are eligible to issue Rupee denominated bonds overseas. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) coming under the regulatory jurisdiction of the Securities and Exchange Board of India (SEBI) are also eligible.
2. Who among the following is not eligible to issue Rupee denominated bonds overseas?
    A. Corporate B. Limited Liability Partnerships C. Partnership firms D. Both A and B E. Both C and B

Answer: Option E
Explanation: Entities like Limited Liability Partnerships and Partnership firms, etc. are also not eligible to issue these bonds.
3. In REITs, “I” stands for ______
    A. Infrastructure B. Initial C. Investment D. Internal E. None of these

Answer: Option C
Explanation: Real Estate Investment Trusts (REITs)
4. In FATF, “T” stands for?
    A. Trade B. Tax C. Trust D. Task E. All of these

Answer: Option D
Explanation: Financial Action Task Force (FATF)
5. The Rupee denominated bonds can only be subscribed by a _______
    A. NRI B. resident of a country C. PIO D. NRE E. None of these

Answer: Option B
Explanation: The Rupee denominated bonds can only be issued in a country and can only be subscribed by a resident of a country.
1. The Headquarters of IOSCO located in _____
    A. Rome, Italy B. Madrid, Spain C. Geneva, Switzerland D. Bern, Switzerland E. M.S.Sahoo

Answer: Option B
Explanation: The Headquarters of IOSCO located in Madrid, Spain
2. The minimum maturity period for Masala Bonds raised up to USD 50 million equivalent in INR per financial year should be _____ years
    A. 2 years B. 4 years C. 3 years D. 5 years E. None of these

Answer: Option C
Explanation: The minimum maturity period for Masala Bonds raised up to USD 50 million equivalent in INR per financial year should be 3 years.
3. Masala bonds raised above ______ equivalent in INR per financial year should be 5 years
    A. USD 50 million B. USD 100 million C. USD 150 million D. USD 200 million E. None of these

Answer: Option A
Explanation: Masala bonds raised above USD 50 million equivalent in INR per financial year should be 5 years
4. In FFMC “M” stands for?
    A. Maturity B. Mortgage C. Money D. Medium E. None of these

Answer: Option C
Explanation: FFMC – Full Fledged Money Changer
5. AMCs are entities, authorised by the RBI under ______ of the Foreign Exchange Management Act, 1999.
    A. Section 10 B. Section 12 C. Section 16 D. Section 14 E. Section 11

Answer: Option A
Explanation: Authorised Money Changers (AMCs) are entities, authorised by the Reserve Bank under Section 10 of the Foreign Exchange Management Act, 1999.
1. “I” in IBBI stands for______
    A. Institute B. Indian C. Information D. Insolvency E. None of these

Answer: Option D
Explanation: The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India
2. IBBI was established on _____
    A. 1 October 2016 B. 1 November 2016 C. 31 March 2016 D. 31 May 2016 E. None of these

Answer: Option A
Explanation: IBBI was established on 1 October 2016
3. Insolvency and Bankruptcy Code was passed by Lok Sabha on _____
    A. 1 October 2016 B. 1 November 2016 C. 5 March 2016 D. 5 May 2016 E. None of these

Answer: Option D
Explanation: Insolvency and Bankruptcy Code was passed by Lok Sabha on 5 May 2016
4. Which of the following is covered by IBBI?
    A. Companies B. Limited Liability Partnerships C. Partnership firms D. Individuals E. All of these

Answer: Option E
Explanation: It covers Individuals, Companies, Limited Liability Partnerships and Partnership firms.
5. IBBI handles the cases by using _______
    A. NCLT B. Debt recovery tribunal C. ICJ D. Both A and B E. Both B and C

Answer: Option D
Explanation: It handles the cases using two tribunals like NCLT(National company law tribunal) and Debt recovery tribunal

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