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Quiz on Latest Financial News

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

The Reserve Bank of India has decided that all domestic term deposits accepted from individuals for amount of Rupees _________ and below shall have premature-withdrawal-facility

a)

15 Lakhs

b)

25 Lakhs

c)

50 Lakhs

d)

100 Lakhs

2.

What is regulatory sandbox?

a)

Framework set up by SEBI to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

b)

Framework set up by RBI to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

c)

Framework set up by Central Government to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

d)

Framework set up by NPCI to allow small-scale, live testing of innovations by private firms in a controlled environment under its supervision

3.

What is the full form of ONDC?

a)

Open Network for Digital Commerce

b)

Online Network for Digital Commerce

c)

Open Network for Digital Collaboration

d)

Online Network for Digitalization of Commerce

4.

Which of the following website/platform/entity of RBI is related to IT and cyber security needs and is set up to ensure cyber resilience of Indian banking?

a)

FinTech

b)

Sachet

c)

ReBIT

d)

DBIE

5.

How many Executive Directors does Reserve Bank of India have at present?

a)

1

b)

4

c)

5

d)

11

e)

16

6.

Which is the fifth bank to fail in United States of America in the year 2023?

a)

First Republic Bank

b)

Citizens Bank

c)

Signature Bank

d)

Heartland Tri-State Bank

7.

CAFRAL is an independent body set up by the RBI for research and learning in banking and finance. What is the full name of CAFRAL?

a)

Centre for Advanced Financial Research and Learning

b)

Committee for Advanced Financial Research and Linkage

c)

Conference for Advanced Financial Research and Listing

d)

Consortium Advanced Financial Research and Learning

8.

As per Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices, __________ refers to user who, by virtue of function, and/or role, has been allocated powers within an information system, which are significantly greater than those available to the majority of users.

a)

Privileged User

b)

Master user

c)

Preferred User

d)

Crowned User

9.

With a view to provide benefits and offerings to our customers who are not mapped under radiance category but holding deposits relationship with us valuing Rs. 10 lakh and above, our Bank has decided to provide them tiered benefits after classifying them into three categories based on CASA Quarterly Average Balance. Which of the following is NOT one of the category

a)

Rise

b)

Shine

c)

Sparkle

d)

Star

10.

FACE is a not-for-profit organisation to voice the common concerns of Consumer Lending FinTech companies with regulators, media, listing or distribution platforms (like Google Play Store) and other external stakeholders. What is the full form of FACE?

a)

Financial Association (against) Consumer Exploitation

b)

Finance Accreditor for Consumer Enlightenment

c)

Finance-inclined Association of Consumer Education

d)

Fintech Association for Consumer Empowerment

11.

Which of the following Banks in India is NOT a designated domestic systemically important bank?

a)

SBI

b)

BOB

c)

HDFC

d)

ICICI

12.

What is the name of new mobile application rolled out by our Bank for all Relationship Managers & Senior Relationship Managers from ICFS / CFS / Mid Corporate Branches?

a)

Relation24x7

b)

RM360

c)

RM365

d)

bobRM247

13.

The Reserve Bank of India has increased the risk weight applicable for scheduled commercial banks (SCBs) on credit card receivables exposure to _______ % from immediate effect

a)

100

b)

125

c)

150

d)

200

14.

The Reserve Bank of India has recently announced increase in the risk weights for exposures of SCBs to NBFCs. Which of the following statement in this regard is NOT correct?

a)

These norms excludes loans to HFCs, and loans to NBFCs which are eligible for classification as priority sector in terms of the extant instructions

b)

The increase in risk weightage has been done by 25 percentage points for all cases (over and above the risk weight associated with the given external rating) of NBFCs

c)

These norms exclude Core Investment companies.

d)

Exposure to AAA rated NBFCs will see the highest increase in risk weights (percentage wise increase for existing risk weight).

15.

Expand NeSL

a)

National E-governance Services Ltd.

b)

National E-government Services Ltd.

c)

National equity governance Services Ltd.

d)

National equity government Services Ltd.

16.

Our Bank’s Baroda Apex Academy (erstwhile Staff Training Centre) was established in Ahmedabad on ........?

a)

21.11.1954

b)

21.11.1964

c)

21.11.1974

d)

21.11.1984

17.

The Reserve Bank of India Bulletin of November 2023 includes a Speech themed “Towards A Greener Cleaner India”. Which of the following dignitary is the orator/speaker of the said speech?

a)

Shri Michael Debabrata Patra

b)

Shri Shaktikanta Das

c)

Shri M. Rajeshwar Rao

d)

Shri Swaminathan J

18.

FICCI is an association of Indian business organizations, dedicated to promoting the growth and global competitiveness of Indian businesses. Expand FICCI

a)

Fintech Innovation, Commerce, and Cultural Integration

b)

Forum of Integrated Chambers for Commerce and Innovation

c)

Federation of Indian Chambers of Commerce and Industry

d)

Fraternity of Inclusive Cooperation in Commerce and Industry

19.

The Reserve Bank of India in November 2023 superseded the Board of Directors of ____________________, for a period of 12 months due to certain material concerns emanating from poor governance standards observed in the bank

a)

Sangli Sahakari Bank Limited

b)

Vejalpur Nagarik Sahkari Bank Ltd

c)

Abhyudaya Cooperative Bank Ltd.

d)

The Pudukkottai Co-operative Town Bank Ltd

20.

GIFT-City is India's first operational greenfield smart city and international financial services centre, intended to be a global hub for financial and business services, attracting businesses and investors from around the world. What is the full form of GIFT?

a)

Green International Finance Tec-City

b)

Gujarat International Finance Tec-City

c)

Government International Finance Tec-City

d)

Global International Finance Tec-City

21.

The GIFT IFSC is a special economic zone (SEZ) located in the Indian state of Gujarat, which was set up to promote international financial services. What is the full form of IFSC?

a)

Indian Financial Services Centre

b)

International FinTech Solutions Centre

c)

International Finance Services Centre

d)

International Financial Stability Centre

22.

The National Company Law Tribunal on 03.07.2023 asked the passengers/travel agents of Go Air to make claim before the Resolution Professional for refund of booked/cancelled tickets. Which of following statement in this regard is NOT correct?

a)

Such passengers will be treated as Operational Creditors and need to file Claim Form B

b)

Customers who have booked tickets through travel agents, and aggregator websites (like MMT, Go ibibo etc.) need not file a claim on the portal

c)

Claimants should use the exchange rate as on the date of claim

d)

Only parties with a pending claim as on the Insolvency commencement date (May 10, 2023) can submit form B

23.

How many NCLT benches are there in INDIA

a)

16

b)

22

c)

26

d)

28

24.

BOB's cash management services does not include which of the following service?

a)

Receivables management

b)

Leverage management

c)

Liquidity management

d)

Payables management

25.

Recently RBI had signed a MOU with ........ on co operation and exchange of information related to Clearing Corporation of India Ltd

a)

US Federal Reserve

b)

Bank Of Japan

c)

Bank of England

d)

European Central Bank