Banking Awareness Quiz for Bank Exam: 18-May-2020

The Banking Awareness section constitutes a major part of a competitive examination and needs your undivided attention. Banking Awareness Quiz of 18th May 2020 covering the following topics: Liquidity ratio, Currency Swap, FDI, Financial Inclusion, US dollars.

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.

                           

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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 18th May 2020 covering the following topics: Liquidity ratio, Currency Swap, FDI, Financial Inclusion, US dollars.

Q1. Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by?
(a) Reserve Bank of India Act, 1934
(b) Companies Act, 1956
(c) Banking Regulation Act, 1949
(d) Special Powers given by the Union Ministry of Finance
(e) None of the above

Q2. Currency Swap is an instrument to manage?
(a) Currency risk
(b) Interest rate risk
(c) Currency and interest rate risk
(d) Cash flows in different currency
(e) None of the above

Q3. What is the full form of FDI?
(a) Fixed Deposit Interest
(b) Fixed Deposit Investment
(c) Foreign Direct Investment
(d) Future Derivative Investment
(e) None of the above

Q4. Which of the following committees has given its recommendations on “Financial Inclusion”?
(a) Rakesh Mohan Committee
(b) Rangarajan Committee
(c) Sinha Committee
(d) All of the above
(e) None of the above

Q5. A customer wishes to purchase some US dollars in India. He/she should go to?
(a) Public Debt Division of the RBI only
(b) American Express Bank only
(c) RBI or any branch of a bank which is authorized for such business
(d) Only (b) and (c)
(e) None of the above

Solutions

S1. Ans.(c)
Sol. Liquidity ratio is fixed by the Reserve Bank of India under the powers conferred on it by Banking Regulation Act, 1949.

S2. Ans.(d)
Sol. Currency Swap is an instrument to manage cash flows in different currency.

S3. Ans.(c)
Sol. A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.

S4. Ans.(b)
Sol. Rangarajan Committee has given its recommendations on “Financial Inclusion”.

S5. Ans.(c)
Sol. A customer wishes to purchase some US dollars in India. He/she should go to RBI or any branch of a bank which is authorized for such business.

To attempt the complete quiz refer to the links given below:
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