Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 26-02-2024

 

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: Which document outlines the terms and conditions of a loan, including interest rate, repayment schedule, and other relevant details?

कौन सा दस्तावेज़ ब्याज दर, पुनर्भुगतान अनुसूची और अन्य प्रासंगिक विवरणों सहित ऋण के नियमों और शर्तों की रूपरेखा बताता है?

(1) Deed of Trust

(2) Mortgage Note

(3) Credit Agreement

(4) Promissory Note

(5) Security Agreement

Question 2: Which regulatory agency oversees national banks in the United States and ensures they operate in a safe and sound manner?

कौन सी नियामक एजेंसी संयुक्त राज्य अमेरिका में राष्ट्रीय बैंकों की देखरेख करती है और यह सुनिश्चित करती है कि वे सुरक्षित और सुदृढ़ तरीके से काम करें?

(1) Federal Reserve

(2) Federal Deposit Insurance Corporation (FDIC)

(3) Consumer Financial Protection Bureau (CFPB)

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

(5) Securities and Exchange Commission (SEC)

Question 3: What is the primary purpose of the USA PATRIOT Act?

यूएसए पैट्रियट अधिनियम का प्राथमिक उद्देश्य क्या है?

(1) Regulate international trade agreements

(2) Strengthen consumer protections

(3) Combat money laundering and terrorist financing

(4) Promote fair lending practices

(5) Facilitate cross-border mergers and acquisitions

Question 4: Which law requires financial institutions to establish and maintain an anti-money laundering (AML) program?

किस कानून के अनुसार वित्तीय संस्थानों को एंटी-मनी लॉन्ड्रिंग (एएमएल) कार्यक्रम स्थापित करने और बनाए रखने की आवश्यकता है?

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

(2) Bank Holding Company Act

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

(4) Bank Secrecy Act (BSA)

(5) Gramm-Leach-Bliley Act

Question 5: Which financial institution is responsible for regulating and supervising credit unions in the United States?

संयुक्त राज्य अमेरिका में क्रेडिट यूनियनों को विनियमित और पर्यवेक्षण करने के लिए कौन सा वित्तीय संस्थान जिम्मेदार है?

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

(2) Federal Reserve

(3) National Credit Union Administration (NCUA)

(4) Consumer Financial Protection Bureau (CFPB)

(5) Federal Deposit Insurance Corporation (FDIC)

Question 6: What is the purpose of the Community Reinvestment Act (CRA)?

सामुदायिक पुनर्निवेश अधिनियम (सीआरए) का उद्देश्य क्या है?

(1) Regulate electronic funds transfers

(2) Ensure fair competition among banks

(3) Prevent discriminatory lending practices in underserved communities

(4) Regulate foreign exchange transactions

(5) Provide consumer protections for credit card transactions

Question 7: What type of law governs the relationship between a bank and its customers?

किस प्रकार का कानून किसी बैंक और उसके ग्राहकों के बीच संबंधों को नियंत्रित करता है?

(1) Contract law

(2) Real estate law

(3) Criminal law

(4) Family law

(5) Intellectual property law

Question 8: What is the primary purpose of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

डोड-फ्रैंक वॉल स्ट्रीट सुधार और उपभोक्ता संरक्षण अधिनियम का प्राथमिक उद्देश्य क्या है?

(1) Prevent discriminatory lending practices

(2) Strengthen consumer protections

(3) Regulate monetary policy

(4) Facilitate cross-border mergers and acquisitions

(5) Dismantle the Federal Reserve

Question 9: Which law requires financial institutions to disclose their privacy practices and provide opt-out options to consumers?

किस कानून के अनुसार वित्तीय संस्थानों को अपनी गोपनीयता प्रथाओं का खुलासा करना और उपभोक्ताओं को ऑप्ट-आउट विकल्प प्रदान करना आवश्यक है?

(1) Truth in Savings Act (TISA)

(2) Fair Credit Reporting Act (FCRA)

(3) Gramm-Leach-Bliley Act

(4) Electronic Fund Transfer Act (EFTA)

(5) Equal Credit Opportunity Act (ECOA)

Question 10: What is the primary purpose of the Fair Credit Reporting Act (FCRA)?

फेयर क्रेडिट रिपोर्टिंग एक्ट (एफसीआरए) का प्राथमिक उद्देश्य क्या है?

(1) Regulate credit card transactions

(2) Prevent money laundering

(3) Establish capital requirements for banks

(4) Ensure fair and accurate credit reporting

(5) Regulate interest rates on loans

Answer Key-

Q-(1) Sol-(4) 

Q-(2) Sol-(4) 

Q-(3) Sol-(3) 

Q-(4) Sol-(4) 

Q-(5) Sol-(3) 

Q-(6) Sol-(3)

Q-(7) Sol-(1)

Q-(8) Sol-(2) 

Q-(9) Sol-(3) 

Q-(10) Sol-(4)