Current Affairs PDF

Banking Awareness Quiz – Set 117

By
Aruna
-

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Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1. ______ is a standard format of Bank Identifier Codes(BIC) for banks to identify banks and financial institutions globally.
    A. RTGS
    B. IFSC
    C. NEFT
    D. SWIFT
    E. None of these
    D. SWIFT
    Explanation:
    SWIFT Code is a standard format of Bank Identifier Codes(BIC) for banks to identify banks and financial institutions globally.

  2. How many codes are there in SWIFT code?
    A. 8
    B. 11
    C. 7
    D. Both (B) and (C)
    E. Both (A) and (B)
    E. Both (A) and (B)
    Explanation:
    The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office and 11 digits code refers to branch office.

  3. First 4 characters in the SWIFT code refers to _________
    A. Bank Code
    B. Country Code
    C. Branch Code
    D. location Code
    E. None of these
    A. Bank Code
    Explanation:
    First 4 characters in SWIFT code represents – bank code (only letters)

  4. The fifth and sixth code in the SWIFT code represents _______
    A. Bank Code
    B. Country Code
    C. Branch Code
    D. location Code
    E. None of these
    B. Country Code
    Explanation:
    5th and 6th characters – ISO 3166-1 alpha-2 country code (only letters)

  5. The seventh and eighth code in the SWIFT code represents _______
    A. Bank Code
    B. Country Code
    C. Branch Code
    D. location Code
    E. None of these
    D. location Code
    Explanation:
    7th and 8th SWIFT Code represents location code.

  6. The last three characters in the SWIFT code denotes ________
    A. Bank Code
    B. Country Code
    C. Branch Code
    D. location Code
    E. None of these
    C. Branch Code
    Explanation:
    The last three characters in the SWIFT code denotes Branch Code

  7. The Head Quarters of Society for Worldwide Interbank Financial Telecommunication(SWIFT)is located in ________
    A. Bern, Switzerland
    B. La Hulpe, Belgium
    C. Geneva, Switzerland
    D. New York, USA
    E. Vienna Austria
    B. La Hulpe, Belgium
    Explanation:
    The Head Quarters of Society for Worldwide Interbank Financial Telecommunication(SWIFT)is located in La Hulpe, Belgium

  8. SENSEX is associated with ______
    A. BSE
    B. NSE
    C. CSE
    D. ISE
    E. PSE
    A. BSE
    Explanation:
    The SENSEX-(or SENSitve indEX) was introduced by the Bombay stock exchange on January 1 1986

  9. India was ___________ Nation to join Society for Worldwide Interbank Financial Telecommunication(SWIFT) Network
    A. 78th
    B. 74th
    C. 76th
    D. 75th
    E. None of these
    B. 74th
    Explanation:
    India was 74th Nation to join Society for Worldwide Interbank Financial Telecommunication(SWIFT) Network.

  10. A non banking entity to function as BBPOUs, it should have a net worth of at least Rs. _________ as per the last audited balance sheet and the same has to be maintained at all times.
    A. 100 crore
    B. 50 crore
    C. 500 crore
    D. 1000 crore
    E. None of these
    A. 100 crore
    Explanation:
    A non banking entity to function as BBPOUs, it should have a net worth of at least Rs.100 crore as per the last audited balance sheet and the same has to be maintained at all times





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