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Financial Awareness Practice Set 9

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Financial Awareness Practice Set 9

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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 9 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 9 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. Which bank has launched a new trading platform called “Selfie” for customers in association with Geodetic?
    A. Federal Bank B. ICICI Bank C. SBI D. CITI Bank E. Yes Bank

Answer: Option A
2. Name the Private sector Bank, which has received $150 million funding from the US government and Wells Fargo to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.
    A. YES Bank B. CITI Bank C. ICICI D. HDFC E. Federal Bank

Answer: Option A
3. Solar energy services company Freyr Energy has tied up with __________ to offer term loans ranging from Rs 5 lakh to Rs 50 lakh for tenures up to five years, for solar rooftop installations in Telangana and Andhra Pradesh.
    A. Yes Bank B. ICICI C. HDFC D. Axis Bank E. SBI

Answer: Option D
4. Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million) in order to increase its stake in which company from 26 percent to 49 percent.
    A. Reliance Life Insurance B. Wipro C. Infosys D. Apple E. None of the above

Answer: Option A
5. Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of what amount in mobile payments provider Paytm.
    A. Rs 7,000 crore B. Rs 8,000 crore C. Rs 9,000 crore D. Rs 10,000 crore E. Rs 11,000 crore

Answer: Option C
1. Which among the following public sector banks has announced that BNP Paribas Cardiff is keen to increase its stake from 26 percent to 36 percent?
    A. PNB B. Union Bank C. Dena Bank D. SBI E. Canara Bank

Answer: Option D
2. Which among the following bank is the first bank to launch the Mudra Card based on the RuPay platform?
    A. Corporation Bank B. HDFC Bank C. SBI D. PNB E. Andhra Bank

Answer: Option A
3. Which Bank and Bajaj Allianz General Insurance have signed an agreement for the distribution of insurance products through the branches?
    A. Citi Bank B. Dena Bank C. PNB D. ICICI E. HDFC

Answer: Option C
4. Which among the following bank has partnered with mobile payments switch TerraPay to enable real-time money transfer to bank accounts in India?
    A. CITI Bank B. American Express C. YES Bank D. Axis Bank E. ICICI

Answer: Option C
5. Which among the following insurance comapany and Apollo Munich Health have come together to launch ‘Click2Protect Health plan’, which provides both life and health cover under a single plan?
    A. UIIC B. HDFC Life Insurance C. Orient Life Insurance D. Life Insurance Corporation of India E. ING Life Insurance

Answer: Option B
1. Which private sector bank is merged with Kotak Mahindra Bank (KMB)?
    A. ING Vysya Bank B. HDFC C. ICICI D. Bank of Baroda E. Dena Bank

Answer: Option A
2. Which among the following banks has launched a Multi-currency Forex Card for overseas travelers recently?
    A. Yes Bank B. Standard Chartered C. Federal Bank D. Bank of Baroda E. Citi Bank

Answer: Option B
3. Indus OS has partnered with __________ to launch OS-integrated UPI payment platform in India
    A. CITI Bank B. IDBI Bank C. SBI D. YES Bank E. HDFC Bank

Answer: Option D
4. A report by Bank of America-Merrill Lynch has stated that in the next decade, which country will overtake Japan to become the thirdlargest economy?
    A. China B. UK C. France D. Russia E. India

Answer: Option E
5. Which Bank has launched its first ‘Digital Banking Branch’ named ‘CANDI’ in Bengaluru?
    A. SBI B. Bank of Baroda C. Federal Bank D. Dena Bank E. Canara Bank

Answer: Option E

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