Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 01-03-2024

 

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: What is the main purpose of the Equal Credit Opportunity Act (ECOA)?

समान क्रेडिट अवसर अधिनियम (ईसीओए) का मुख्य उद्देश्य क्या है?

(1) Regulate credit card transactions

(2) Prevent money laundering

(3) Ensure fair competition among banks

(4) Prohibit discrimination in lending based on certain characteristics

(5) Regulate interest rates on loans
 

Question 2: Which federal agency enforces laws related to the prevention of money laundering and terrorist financing?

कौन सी संघीय एजेंसी मनी लॉन्ड्रिंग और आतंकवादी वित्तपोषण की रोकथाम से संबंधित कानूनों को लागू करती है?

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

(2) Federal Reserve

(3) Consumer Financial Protection Bureau (CFPB)

(4) Financial Crimes Enforcement Network (FinCEN)

(5) Federal Deposit Insurance Corporation (FDIC)


Question 3: What is the primary purpose of the Truth in Savings Act (TISA)?

ट्रुथ इन सेविंग्स एक्ट (TISA) का प्राथमिक उद्देश्य क्या है?

(1) Regulate credit card transactions

(2) Prevent money laundering

(3) Ensure fair competition among banks

(4) Provide disclosures about deposit accounts to consumers

(5) Regulate foreign exchange transactions


Question 4: Which law aims to protect consumers from unfair, deceptive, or abusive practices by financial institutions?

किस कानून का उद्देश्य उपभोक्ताओं को वित्तीय संस्थानों द्वारा अनुचित, भ्रामक या अपमानजनक प्रथाओं से बचाना 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) Dodd-Frank Wall Street Reform and Consumer Protection Act


Question 5: 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) Regulate monetary policy

(2) Combat money laundering

(3) Ensure fair competition among banks

(4) Strengthen consumer protections and promote financial stability

(5) Regulate foreign exchange transactions


Question 6: Which law regulates the privacy and security of personal financial information held by financial institutions?

कौन सा कानून वित्तीय संस्थानों द्वारा रखी गई व्यक्तिगत वित्तीय जानकारी की गोपनीयता और सुरक्षा को नियंत्रित करता है?

(1) Truth in Savings Act (TISA)

(2) Fair Credit Reporting Act (FCRA)

(3) Electronic Fund Transfer Act (EFTA)

(4) Gramm-Leach-Bliley Act

(5) Home Mortgage Disclosure Act (HMDA)

Ans: (4) Gramm-Leach-Bliley Act

Question 7: What is the primary purpose of the National Credit Union Administration (NCUA)?

राष्ट्रीय क्रेडिट यूनियन प्रशासन (एनसीयूए) का प्राथमिक 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

Question 8: What is the main goal of the Office of Foreign Assets Control (OFAC)?

विदेशी संपत्ति नियंत्रण कार्यालय (ओएफएसी) का मुख्य लक्ष्य क्या है?

(1) Regulate interest rates

(2) Prevent money laundering

(3) Combat bribery and corruption

(4) Enforce economic sanctions and ensure national security goals

(5) Regulate foreign exchange transactions

Question 9: Which law aims to promote the stability and safety of the U.S. financial system by reducing systemic risk?

किस कानून का उद्देश्य प्रणालीगत जोखिम को कम करके अमेरिकी वित्तीय प्रणाली की स्थिरता और सुरक्षा को बढ़ावा देना है?

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

(2) Sarbanes-Oxley Act

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

(4) Bank Holding Company Act

(5) Gramm-Leach-Bliley Act

Question 10: What type of law governs the creation, operation, and dissolution of corporations and other business entities?

किस प्रकार का कानून निगमों और अन्य व्यावसायिक संस्थाओं के निर्माण, संचालन और विघटन को नियंत्रित करता है?

(1) Contract law

(2) Corporate law

(3) Intellectual property law

(4) Real estate law

(5) Tort law

Answer Key-

Q-(1) Sol-(4) 

Q-(2) Sol-(4) 

Q-(3) Sol-(4) 

Q-(4) Sol-(5) 

Q-(5) Sol-(4) 

Q-(6) Sol-(4)

Q-(7) Sol-(4)

Q-(8) Sol-(1) 

Q-(9) Sol-(1) 

Q-(10) Sol-(2)