Latest Banking jobs   »   LIC AAO Banking Awareness Quiz: 19th...

LIC AAO Banking Awareness Quiz: 19th April

Dear Aspirants,

banking-questions-for-LIC-AAO-Mains-2019-20

Banking Quiz for LIC AAO 2019-20:

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 Recruitment.




Q1. Which organisation has launched a 5G Use Cases Lab for banking and financial sector recently?
NHB
BRBNMPL
RBI
SEBI
IDRBT
Solution:
The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has launched a 5G Use Cases Lab for banking and financial sector.
Q2. Which Bank has launched ‘NRI-Insta-Online’ account opening process for NRIs residing in the Financial Action Task Force (FATF) member countries?
HDFC Bank
Bank of Baroda
State Bank of India
IDBI Bank
Axis Bank
Solution:
IDBI Bank has launched ‘NRI-Insta-Online’ account opening process for NRIs residing in the Financial Action Task Force (FATF) member countries. The person will not be required to furnish physical documents as well as KYC proofs for opening an account with the bank.
Q3. ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that _________________ has successfully rolled out major new functionality to support EMV card acquiring across its ATM network and Aadhaar Authentication, leveraging ACI’s UP Retail Payments solution to achieve market firsts.
State Bank of India
Bank of Baroda
Canara Bank
IDBI Bank
Axis Bank
Solution:
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that Canara Bank has successfully rolled out major new functionality to support EMV card acquiring across its ATM network and Aadhaar Authentication, leveraging ACI’s UP Retail Payments solution to achieve market firsts.
Q4. IDRBT is an institution exclusively focused on banking technology. What is the full form of IDRBT?
Institute for Development & Research in Branches Technology
Institute for Development & Research in Banking Technology
Institute for Department & Research in Banking Technology
Indian for Development & Research in Banking Technology
Institute for Development & Revenue in Banking Treaty
Solution:
The Institute for Development & Research in Banking Technology (IDRBT) is an institution exclusively focused on banking technology.
Q5. Industrial Development Bank of India (IDBI) was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. IDBI Bank is a-
Private Sector Bank
Nationalized Bank
Public Sector Bank
Small Finance Bank
Foreign Bank
Solution:
Industrial Development Bank of India was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. The RBI stated that IDBI Bank has been categorised as a private sector bank for regulatory purposes with effect from 21st January, 2019. This follows Life Insurance Corporation of India (LIC) acquiring 51 per cent of the total paid-up equity share capital of the bank.
Q6. Who has been appointed as the President of the World Bank recently?
Chrystia Freeland
Robert Lighthizer
David Malpass
Wilbur Ross
Larry Kudlow
Solution:
David Malpass has been appointed as the President of the World Bank. He was US President Donald Trump’s nominee and won unanimous approval from the institution’s executive board. He has replaced Former World Bank President Jim Yong Kim who left in January 2019. Malpass was former Bear Stearns and Co chief economist who advised Trump’s 2016 election campaign.
Q7. Reserve Bank of India (RBI) has appointed 5-member committee under the chairmanship of ______________________ to strengthen digital payments as well as to boost financial inclusion through Financial Technology.
Nandan Nilekani
Vishal Sikka
NR Narayana Murthy
Salil Parekh
Sunil Bharti Mittal
Solution:
Reserve Bank of India (RBI) has appointed 5-member committee under the chairmanship of Nandan Nilekani to strengthen digital payments as well as to boost financial inclusion through Financial Technology. The committee would submit its recommendations within 3 months.
Q8. India has extended a grant assistance of up to USD _____________________ million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9,000 people.
USD 2000 million
USD 1500 million
USD 500 million
USD 100 million
USD 250 million
Solution:
India has extended a grant assistance of up to USD 250 million to Nepal for the reconstruction of infrastructures in the areas of housing, education, health and cultural heritage that was destroyed during the devastating April 2015 earthquake which saw the death of over 9,000 people.
Q9. The International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token called-?
Learning Sikka
Learning Coin
Learning Cash
Learning Money
Learning Dollar
Solution:
The International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called “Learning Coin” and only accessible within the IMF and World Bank, has a purpose to teach relevant individuals within the organizations about blockchain.
Q10. Which Bank has been awarded the prestigious Celent Model Bank 2019 Award in the category of Financial Inclusion, for ‘Redesigning Lending to Reach Small Businesses’?
Utkarsh Small Finance Bank
Equitas Small Finance Bank
Au Small Finance Bank
Fincare Small Finance Bank
Ujjivan Small Finance Bank
Solution:
Fincare Small Finance Bank (SFB) has been awarded the prestigious Celent Model Bank 2019 Award in the category of Financial Inclusion, for ‘Redesigning Lending to Reach Small Businesses’.
Q11. The Centre has announced a new Rs ___________- coin which will come in 12-edged polygon (dodecagon) shape.
Rs 10 coin
Rs 20 coin
Rs 05 coin
Rs 02 coin
Rs 50 coin
Solution:
The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1, Rs 2, Rs 5 and Rs 10. However, the govt has not announced the exact date for the issuance of these new series coins.
Q12. The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies, Insolvency Professionals and Information Utilities in India. In which year IBBI was founded?
2014
2017
2010
2016
2001
Solution:
The Insolvency and Bankruptcy Board of India is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies, Insolvency Professionals and Information Utilities in India. IBBI was founded in 2016.
Q13. Where is the headquarters of IDRBT?
Hyderabad
Mumbai
Chennai
New Delhi
Kolkata
Solution:
The headquarters of IDRBT is in Hyderabad.
Q14. Bank of Baroda has become the ______________ largest bank in the country.
sixth
fourth
first
second
third
Solution:
The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) has come into effect and all branches of the former two will function as branches of BoB. The merged entity would also receive Rs 5,042 crore fund infusion from the government. Post the merger, Bank of Baroda has become the third largest bank in the country.
Q15. Where is the corporate office of Fincare Small Finance Bank?
Hyderabad
Mumbai
Bengaluru
New Delhi
Chennai
Solution:
The corporate office of Fincare Small Finance Bank is in Bengaluru.
               

LIC AAO Banking Awareness Quiz: 19th April |_3.1



You may also like to read:
                 
LIC AAO Banking Awareness Quiz: 19th April |_4.1          LIC AAO Banking Awareness Quiz: 19th April |_5.1



Print Friendly and PDF

Leave a comment

Your email address will not be published. Required fields are marked *