Banking & Financial Awareness for Bank Exam

Banking & Financial Awareness for Bank Exam

Banking & Financial Awareness for Bank Exam

1. A special segment of banking operation that helps individuals or organisations raise capital and provide financial consultancy services to them is known as
  1. Universal Banking
  2. Mobile Banking
  3. Retail Banking
  4. Investment banking
  5. Offshore Banking
2. A SWIFT code is an international bank code that identifies particular banks worldwide. In SWIFT, ‘S’ stands for
  1. Secure
  2. Source
  3. Social
  4. Society
  5. Service
3. The circumstance where the inflation of a nation increases gradually, but continually, over time is called which of the following?
  1. Galloping Inflation
  2. Hyperinflation
  3. Stagflation
  4. Deflation
  5. Creeping Inflation
4. Recently, PMSMA, which was launched in 2016, has crossed 1 crore mark in antenatal check-ups. In  PMSMA, ‘S’ stands for
  1. Sulabh
  2. Seva
  3. Sampooran
  4. Surakshit 
  5. Shubh
5.   ________is a temporary pass through account held by a third party during the process of a transaction between two parties.
  1. Current account
  2. Fixed Account
  3. Escrow account
  4. Reserve Account
  5. None of these
6. The BRBNMPL was established as the wholly owned subsidiary of the RBI in 1995 in
  1. Mumbai
  2. New Delhi
  3. Bengaluru
  4. Hyderabad
  5. None of these
7. StockHolding was incorporated as a Public Limited Company in 1986 & it is a subsidiary of
  1. IFCI Limited
  2. RBI
  3. SIDBI
  4. NABARD
  5. None of these
8. Recently, Federal Bank has entered into a strategic partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. The headquarters of Federal Bank is in
  1. New Delhi
  2. Bengaluru, Karnataka
  3. Aluva, Kerala 
  4. Kolkata, West Bengal
  5. Mumbai, Maharashtra
9. Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which Act?
  1. Foreign Exchange Management Act, 1999
  2.  Companies Act, 1956
  3. Banking Regulation Act, 1949
  4.  Reserve Bank of India Act,- 1934
  5. None of these
10.  The currency that a government has declared to be legal tender, but it is not backed by a physical commodity is known as
  1. Notice Money
  2. Soft Money
  3. Hot Money
  4. Fiat money
  5. None of these



Answers:
  1. 4
  2. 4
  3. 5
  4. 4
  5. 3
  6. 3
  7. 1
  8. 3
  9. 1
  10. 4
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