Banking and Financial Awareness - Online Test
Q1. Bank rate is for
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Recently, which of the following bank has been added to the Financial Stability Board’s list of global systematically important banks (G-SIB) deemed ‘too big to fail’?
Answer : Option B
Explaination / Solution:
Royal Bank of Canada (RBC) has become first bank of Canada to be added to the Financial Stability Board’s list of global systematically important banks (G-SIB) deemed ‘too big to fail’.
Note: Financial Stability Board is an international body based in Basel, Switzerland which co-ordinates the work of national financial authorities and international standard setting bodies.
Q3. Lending rate is for
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. Union Govt. has given approval for India’s membership of European Bank for Reconstruction and Development (EBRD). Where is the headquarters of European Bank for Reconstruction and Development?
Answer : Option C
Explaination / Solution:
The headquarters of European Bank for Reconstruction and Development (EBRD) is at London, United Kingdom. Union Govt. has given approval for India’s membership of European Bank for Reconstruction and Development (EBRD). This membership is expected to enhance the economic interest of our country and also strengthen India’s international profile.
Q5. Open market operations is
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. The Union Finance Minister Arun Jaitley has launched a unified integrated app ‘YONO’ (You Only Need One) of which among the following Bank?
Answer : Option B
Explaination / Solution:
The Union Finance Minister Arun Jaitley has recently launched SBI’s unified integrated app ‘YONO’ (You Only Need One). ‘YONO’ is the first digital banking platform which offers customized products to customers. SBI has tied up with 60 e-commerce players to provide more facility other than banking services.
Q7. Open market operations is done by
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Which of the following bank has launched the blockchain-based International Payment Service for retail and corporate customers?
Answer : Option D
Explaination / Solution:
Axis Bank has launched the blockchain-based International Payment Service for retail and corporate customers.
Q9. Money supply is the total stock of currency and coins held by the government
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Government has recently given its nod to set up the country’s first mega Coastal Economic Zone(CEZ). How many such CEZs are expected to set up?
Answer : Option E
Explaination / Solution:
Union Cabinet had approved setting up 14 mega CEZs under the National Perspective Plan of the Sagarmala Programme in 2016. This programme will reduce export-import and domestic trade costs substantially. It would develop port infrastructure in the country and will boost sea transport.
