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Financial Awareness Practice Set 15

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Financial Awareness Practice Set 15

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What is meant by Financial Awareness? Financial awareness foundation is financial literacy, which is defined as: The ability to use knowledge and skills to effectively manage financial resources efficiently at a personal level and through the life cycle.
Financial Awareness Practice Set 15 is a section that is present in most of the banking competitive exams. Candidates planning to take up employment in the banking sector must be aware of many of the terms policies and other such important information related with financial awareness. The article Financial Awareness Practice Set 15 provides quiz sets useful to the candidates while preparing Various Banking & Government Exams like SBI PO, SBI Clerk, SSC CPO, SSC CHSL.

shape Quiz

1. Which of the following banks has recently launched an AI chatbot named Erica?
    A. HDFC Bank B. Bank of America C. Citi Bank D. Deutsche Bank E. HSBC Bank

Answer: Option B
2. Which of the following bank has received the approval of the Ministry of Corporate Affairs to merge with All Bank Finance Ltd (ABFL)?
    A. Punjab National Bank B. Bandhan Bank C. Allahabad Bank D. Oriental Bank of Commerce E. None of these

Answer: Option C
3. Where is the Head Office of AU Small Finance Bank?
    A. Muzaffarpur B. Fatehpur C. Kanpur D. Nagpur E. Jaipur

Answer: Option E
4. Which of the following is governed by the provisions of Section 42 (1) of the Reserve Bank of India Act, 1934?
    A. Repo rate B. Reverse repo rate C. CRR D. SLR E. Bank rate

Answer: Option C
5. The Banking Codes and Standards Board of India (BCSBI) was registered as a society under the ———————- Act.
    A. Reserve Bank of India Act, 1934 B. Banking Regulation Act, 1949 C. Companies Act, 1956 D. Societies Registration Act, 1860 E. None of these

Answer: Option D
1. Industrial Reconstruction Bank of India (IRBI) was established in ————-
    A. 1985 B. 1981 C. 1979 D. 1989 E. 1991

Answer: Option A
2. A commercial bill or a bill of exchange is a short-term, negotiable, and self-liquidating ———————–instrument.
    A. Capital Market Instrument B. Money Market Instrument C. Bullion Market Instrument D. Commodity Market Instrument E. Share Market Instrument

Answer: Option B
3. The employees of the bank went on strike and when it comes to risk it is known as —————
    A. Market risk B. Credit risk C. Interest risk D. Operational risk E. Systemic risk

Answer: Option D
4. How many core promoter companies does National Payment Corporation of India have?
    A. 8 B. 10 C. 12 D. 15 E. 20

Answer: Option B
5. Where is National Institute of Bank Management (NIBM) situated?
    A. Mumbai B. New Delhi C. Hyderabad D. Pune E. Bengaluru

Answer: Option D
1. Elavenil Valarivan related to which of the following sports?
    A. Table tennis B. Squash C. Chess D. Shooting E. Archery

Answer: Option D
2. Les Payne, the renowned journalist has passed away. He belonged to ——————
    A. Vatican B. USA C. Canada D. Britain E. New Zealand

Answer: Option B
3. Which of the following state government has declared Jackfruit as official fruit of the state?
    A. Kerala B. Assam C. Sikkim D. Karnataka E. Tamil Nadu

Answer: Option A
4. Who has won the 2017 G.K. Reddy Memorial National Award for journalism?
    A. Suresh kumar B. Surya Prakash C. Karan Thapar D. Satheesh Reddy E. Kiran Singh

Answer: Option C
5. Which of the following has become North India’s first city to install Automatic Speed Gun Cameras with digital displays for traffic management?
    A. Greater Noida B. Bhopal C. Gurugram D. Jaipur E. None of these

Answer: Option E

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