Banking Awareness Quiz for Bank Exam: 06-August-2020_00.1
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Banking Awareness Quiz for Bank Exam: 06-August-2020

The Banking Awareness section constitutes a major part of a competitive examination and needs your undivided attention. With the increased competition in the field of Banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking or Insurance Recruitment.

Banking Affairs 06th August 2020 Quiz

To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains and RBI Assistant Mains we are providing you Banking Awareness Quiz of 06th August 2020 covering the following topics: Securities Appellate Tribunal, SEBI, Post Office, Credit Rating, Currency swap.

Q1. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992.
(a) Constitutional body
(b) Advisory body
(c) non-statutory body
(d) Statutory body###
(e) None of the given options is true

Q2. Which of the following is a function of SEBI?
(a) to approve by-laws of stock exchanges.
(b) inspect the books of accounts of financial intermediaries.
(c) to require the stock exchange to amend their by-laws.
(d) compel certain companies to list their shares in one or more stock exchanges.
(e) All of the Above

Q3. Which of the following services is NOT provided by the post offices in India?
(a) Savings Bank Scheme
(b) Retailing of Mutual Funds
(c) Sale of stamp Papers (Judicial)
(d) Life Insurance cover
(e) Issuance of Demand Drafts

Q4. What is the use of Credit rating?
(a) Is used to rate the borrowers while giving advances
(b) Is used to work out performance of the employees
(c) Is used to calculate the number of excellent audit rated branches
(d) Is not used in any bank
(e) Is necessary before giving promotion to employees

Q5. Currency swap is an instrument to manage _______.
(a) Interest Rate Risk
(b) Currency Risk
(c) Cash flows in different countries
(d) All of the Above
(e) None of the given options is true

Solutions

S1. Ans.(d)
Sol. Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India or by an adjudicating officer under the Act and to exercise jurisdiction, powers and authority conferred on the Tribunal by or under this Act or any other law for the time being in force.

S2. Ans.(e)
Sol. Function of SEBI:
1. To approve by-laws of stock exchanges.
2. Inspect the books of accounts of financial intermediaries.
3. To require the stock exchange to amend their by-laws.
4. Compel certain companies to list their shares in one or more stock exchanges.

S3. Ans.(e)
Sol. Issuance of Demand Drafts is NOT provided by the post offices in India.

S4. Ans.(a)
Sol. Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. An assessment of the creditworthiness of a borrower with respect to a particular debt or financial obligation.

S5. Ans.(c)
Sol. A currency swap (or a cross currency swap) is a foreign exchange derivative between two institutions to exchange the principal and/or interest payments of a loan in one currency for equivalent amounts, in net present value terms, in another currency.

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