Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 23-11-2023

 

Dear Readers,

Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness quizzes 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 act provides certain protections to consumers in connection with the collection of debts by third-party debt collectors?

कौन सा अधिनियम तीसरे पक्ष के ऋण संग्राहकों द्वारा ऋण की वसूली के संबंध में उपभोक्ताओं को कुछ सुरक्षा प्रदान करता है?

(1) Truth in Savings Act (TISA)

(2) Fair Credit Reporting Act (FCRA)

(3) Fair Debt Collection Practices Act (FDCPA)

(4) Equal Credit Opportunity Act (ECOA)

(5) Electronic Fund Transfer Act (EFTA)

Ans: (3)

Question 7: What type of law deals with the transfer of property as collateral for a loan?

किस प्रकार का कानून ऋण के लिए संपार्श्विक के रूप में संपत्ति के हस्तांतरण से संबंधित है?

(1) Bankruptcy law

(2) Real estate law

(3) Contract law

(4) Tort law

(5) Family law

Ans: (2) 

Question 8: What is the primary goal of the Federal Reserve's monetary policy?

फेडरल रिजर्व की मौद्रिक नीति का प्राथमिक लक्ष्य क्या है?

(1) Regulate credit card transactions

(2) Combat money laundering

(3) Ensure fair competition among banks

(4) Control inflation and promote economic stability

(5) Regulate foreign exchange transactions

Ans: (4)

Question 9: Which law regulates the disclosure of consumer credit reports and sets guidelines for handling consumer credit information?

कौन सा कानून उपभोक्ता क्रेडिट रिपोर्ट के प्रकटीकरण को नियंत्रित करता है और उपभोक्ता क्रेडिट जानकारी को संभालने के लिए दिशानिर्देश निर्धारित करता है?

(1) Truth in Savings Act (TISA)

(2) Fair Credit Reporting Act (FCRA)

(3) Electronic Fund Transfer Act (EFTA)

(4) Equal Credit Opportunity Act (ECOA)

(5) Home Mortgage Disclosure Act (HMDA)

Ans: (2) 

Question 10: What is the primary purpose of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)?

वित्तीय संस्थान सुधार, पुनर्प्राप्ति और प्रवर्तन अधिनियम (FIRREA) का प्राथमिक उद्देश्य क्या है?

(1) Regulate credit card transactions

(2) Combat money laundering

(3) Ensure fair competition among banks

(4) Enhance the regulatory framework for financial institutions

(5) Regulate foreign exchange transactions

Ans: (4)