Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 17-8-2023

 

Dear Readers,

Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness Quiz on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.

Question 1: What is the process by which a bank takes possession of physical collateral (such as a car) due to default on a loan?

वह प्रक्रिया क्या है जिसके द्वारा कोई बैंक ऋण पर डिफ़ॉल्ट के कारण भौतिक संपार्श्विक (जैसे कार) को अपने कब्जे में ले लेता है?

(1) Repossession

(2) Insolvency

(3) Bankruptcy

(4) Forfeiture

(5) Foreclosure

Ans: (1) 

Question 2: What is the main purpose of the National Credit Union Administration (NCUA)?

राष्ट्रीय क्रेडिट यूनियन प्रशासन (एनसीयूए) का मुख्य उद्देश्य क्या है?

(1) Regulate monetary policy

(2) Ensure fair competition among credit unions

(3) Prevent money laundering

(4) Protect deposits in credit unions

(5) Regulate foreign exchange transactions

Ans: (4) 

Question 3: Which law provides protections for whistleblowers who report violations of securities laws within financial institutions?

कौन सा कानून वित्तीय संस्थानों के भीतर प्रतिभूति कानूनों के उल्लंघन की रिपोर्ट करने वाले मुखबिरों को सुरक्षा प्रदान करता है?

(1) Dodd-Frank Wall Street Reform and Consumer Protection Act

(2) Sarbanes-Oxley Act

(3) Bank Secrecy Act (BSA)

(4) Gramm-Leach-Bliley Act

(5) Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)

Ans: (2) 

Question 4: What is the main goal of the Foreign Corrupt Practices Act (FCPA)?

विदेशी भ्रष्ट आचरण अधिनियम (एफसीपीए) का मुख्य लक्ष्य क्या है?

(1) Prevent money laundering

(2) Regulate foreign exchange transactions

(3) Ensure fair competition among banks

(4) Combat bribery and corruption in international business transactions

(5) Facilitate cross-border mergers and acquisitions

Ans: (4) 

Question 5: What type of law deals with disputes between private individuals or entities, including those involving banks?

किस प्रकार का कानून बैंकों सहित निजी व्यक्तियों या संस्थाओं के बीच विवादों से निपटता है?

(1) Criminal law

(2) Constitutional law

(3) Administrative law

(4) Civil law

(5) International law

Ans: (4)

Question 6: Which federal agency enforces the Bank Holding Company Act and monitors the financial stability of bank holding companies?

कौन सी संघीय एजेंसी बैंक होल्डिंग कंपनी अधिनियम लागू करती है और बैंक होल्डिंग कंपनियों की वित्तीय स्थिरता की निगरानी करती है?

(1) Office of the Comptroller of the Currency (OCC)

(2) Federal Reserve

(3) Consumer Financial Protection Bureau (CFPB)

(4) Securities and Exchange Commission (SEC)

(5) Federal Deposit Insurance Corporation (FDIC)

Ans: (2) 

Question 7: What is the main purpose of the Fair Debt Collection Practices Act (FDCPA)?

उचित ऋण संग्रहण व्यवहार अधिनियम (एफडीसीपीए) का मुख्य उद्देश्य क्या है?

(1) Regulate credit card transactions

(2) Prevent money laundering

(3) Establish capital requirements for banks

(4) Protect consumers from abusive debt-collection practices

(5) Regulate interest rates on loans

Ans: (4) 

Question 8: What is the primary goal of the Office of the Comptroller of the Currency (OCC)?

मुद्रा नियंत्रक कार्यालय (ओसीसी) का प्राथमिक लक्ष्य क्या है?

(1) Regulate monetary policy

(2) Ensure fair competition among banks

(3) Prevent money laundering

(4) Protect consumers from unfair lending practices

(5) Enhance the stability and safety of the national banking system

Ans: (5) 

Question 9: Which law mandates that financial institutions report certain transactions that may involve money laundering or other criminal activities?

कौन सा कानून यह कहता है कि वित्तीय संस्थान कुछ ऐसे लेनदेन की रिपोर्ट करें जिनमें मनी लॉन्ड्रिंग या अन्य आपराधिक गतिविधियाँ शामिल हो सकती हैं?

(1) Bank Secrecy Act (BSA)

(2) Dodd-Frank Wall Street Reform and Consumer Protection Act

(3) Currency and Foreign Transactions Reporting Act

(4) Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)

(5) Gramm-Leach-Bliley Act

Ans: (1) 

Question 10: What is the primary purpose of the Volcker Rule?

वोल्कर नियम का प्राथमिक उद्देश्य क्या है?

(1) Prevent discriminatory lending practices

(2) Combat money laundering

(3) Ensure fair competition among banks

(4) Restrict banks from engaging in certain types of speculative trading

(5) Facilitate cross-border mergers and acquisitions

Ans: (4)