Banking & General Financial Awareness

Banking & General Financial Awareness Multiple Choice Questions (MCQs) and Answers with explanation for All Banking Exams of 2024-25 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.

1. The SARFAESI Act was enacted in which year?
[A] 2000
[B] 2001
[C] 2002
[D] 2003

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2. Which authority regulates chit funds in India?
[A] SEBI
[B] RBI
[C] State governments
[D] Central government

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3. Direct Benefit Transfer or DBT beneficiaries can withdraw money through which of the following servies?
[A] Micro-ATMs
[B] Aadhar Enabled Payment System
[C] BHIM Aadhar Pay
[D] All of the above

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4. Which of the following are among the Credit Bureaus present in India?
[A] Equifax
[B] CRIF Highmark
[C] Credit Information Bureau India Limited
[D] All of the above

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5. What is the full form of FEMA?
[A] Foreign Exchange Management Act
[B] Foreign Exchange Management Agency
[C] Foreign Emergency Managing agent
[D] Foreign Exchange Management Agency

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6. Where does the headquarters of CRISIL situated?
[A] Mumbai
[B] Delhi
[C] Haryana
[D] Kolkata

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7. What does the Credit Rating Agency IND-RA stand for?
[A] India Ratings and Research
[B] India Ratings Agency
[C] India Ratings Association
[D] None of the Above

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8. Which of the following is the largest Credit Rating Agency in India?
[A] CRISIL
[B] ICRA
[C] CARE
[D] SMERA

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9. Which score is considered as the maximum credit score in India?
[A] 345
[B] 750
[C] 900
[D] 700

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10. Venture capital was originated in which of the following countries?
[A] India
[B] Britain
[C] France
[D] USA

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