Banking Questions for LIC AAO [TEST-5]

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Banking awareness questions

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Question 1 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The crop insurance scheme is being implemented at which among the following levels under the National Agricultural Insurance Scheme (NAIS)?
A
Village
B
Panchayat
C
District
D
State
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Question 2 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Gurugram, Haryana is the headoffice of which of the following banks?
A
Punjab National Bank
B
Oriental Bank of Commerce
C
State Bank of India
D
United Bank of India
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Question 3 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Money Laundering normally involves
A
placement of funds
B
layering of funds
C
integration of funds
D
All
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Question 4 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Amplus Energy Solutions announced entering into a pact with private sector lender..... for strategic tie-up to co-finance projects in the solar energy space in India.
A
Yes Bank
B
Axis Bank
C
Kotak Mahindra Bank
D
ICICI Bank
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Question 5 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The Legal Entity Identifier (LEI) is a..... alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO).
A
20 digits
B
18 digits
C
22 digits
D
16 digits
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Question 6 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Who decided on the quantity of coins to be minted?
A
The Government of India
B
RBI
C
Either 1 or 2
D
All of the above
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Question 7 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
What is meant by the merchant discount rate in respect of a credit card transaction?
A
Merchants are given special commission for promoting bank transactions
B
The bank commission charged from merchants who have point of sales terminals for card payments from customers
C
The one time fees charged for providing point of sales terminal to merchants/shopkeepers
D
The service tax payable by shops and merchant establishments having facility of card payments.
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Question 8 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent for deposits up to-
A
Rs 1 lakh
B
Rs 80 lakh
C
Rs 20 lakh
D
Rs 50 lakh
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Question 9 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Which Bank has approved raising Rs 8, 000 crore through various sources, including masala bonds, to meet Basel III capital norms recently?
A
State Bank of India
B
ICICI Bank
C
Punjab National Bank
D
HDFC Bank
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Question 10 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
With an initial funding of \$ 912.7 million, International Development Association (IDA) was launched on-
A
24th September 1960
B
17th December 1920
C
22nd November 1959
D
23rd May 1919
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