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Financial Awareness Practice Set 8

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Financial Awareness Practice Set 8

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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 8 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 8 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. Bonds issued outside India but denominated in Indian Rupees are called?
    A. Small bond B. Blue bond C. Rebound bond D. Masala bond E. New bond

Answer: Option D
2. Which company has become the first Indian company to cross Rs 6 trillion market capitalization after its shares surged over 75% so far this year and hit a fresh lifetime?
    A. Reliance Industries Ltd B. Tata motors Ltd C. Aditya Birla Ltd D. Infosys Ltd E. Wipro Ltd

Answer: Option A
3. Which Bank has launched instant credit cards enabling its savings account customers to get a credit card instantly, in a completely digital and paperless manner recently?
    A. HDFC Life B. Axis Bank C. SBI D. Dena Bank E. ICICI

Answer: Option E
4. The Reserve Bank of India has imposed a monetary penalty of what amount on IDFC Bank for contravention of regulatory restrictions pertaining to loans and advances.
    A. Rs 2 crore B. Rs 4crore C. Rs 6crore D. Rs 8crore E. Rs 10crore

Answer: Option A
5. Who was known as the “Father of Modern Economics”?
    A. Adam Smith B. Socrates C. Aristotle D. RaghuramRajan E. AmartyaSen

Answer: Option A
1. World’s first Bitcoin ATM located at
    A. Canada B. USA C. China D. Japan E. UK

Answer: Option A
2. Who is the present Chairman of Life Insurance Corporation of India (LIC)?
    A. Urijit Patel B. Rajnish Kumar C. VK Sharma D. PK Sahoo E. Deepak Mishra

Answer: Option C
3. What is the Full form of ATM?
    A. Automated Teller Machine B. Automatic Thinking Machine C. Any time Money D. Any time Money-Machine E. None of the above

Answer: Option A
4. PIN is the numeric password which is separately mailed/handed over to the customer by the bank while issuing the card. PIN stands for
    A. Private Identification Number B. Personal Identification Number C. PermanentIdentification Number D. Payment Identification Number E. ProductIdentification Number

Answer: Option B
5. What is the India’s ranks on a list of countries with highest Non-performing Assets (NPA) levels, according to latest report by CARE Ratings?
    A. [latex]5^{th}[/latex] B. [latex]9^{th}[/latex] C. [latex]13^{th}[/latex] D. [latex]11^{th}[/latex] E. [latex]12^{th}[/latex]

Answer: Option A
1. Which Bank has launched 10-second paperless instant loan Scheme?
    A. ICICI Bank B. CITI Bank C. Axis Bank D. SBI E. HDFC

Answer: Option
2. Which bank has started insolvency resolution process against Lanco Infratech Ltd. following a directive from the Reserve Bank of India (RBI), while this is the first resolution process initiated by the lenders against 12 large borrowers identified by the RBI?
    A. IDBI Bank B. Union Bank C. Bank of India D. SBI E. ICICI

Answer: Option
3. Which among the following international organisation has announced its approval to a $329 million loan to build access roads across 4,000 villages in Gujarat recently?
    A. International Bank for Reconstruction and Development B. Asian Infrastructure Investment Bank C. UNDP D. Asian Development Bank E. WB

Answer: Option
4. The Asian Development Bank (ADB) will provide a USD 152 million to _________ for the implementation and enhancement of its power transmission and distribution.
    A. Nepal B. Bangladesh C. India D. China E. Russia

Answer: Option
5. Stepping up its fight against tax evasion, the Centre has made it mandatory to quote the Aadhaar number for opening bank accounts and for transactions exceeding what amount?
    A. Rs.5,000 B. Rs.10,000 C. Rs.50,000 D. Rs.1,00,000 E. Rs.1,50,000

Answer: Option

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