NIACL AO Phase II exam is just a few days away. You must have prepared well and are ready to tackle the examination. To help you in your preparation, we are providing you with some important GA questions to help in a quick revision. In this blog, we shall cover NIACL AO Phase-II exam-Important GA questions.
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NIACL AO Phase II exam-Important GA questions
1. Foreign bonds are issued in a domestic market by a foreign issuer—but in the currency of the domestic country. What is the name of the bond issued in US Dollars?
A. Samurai Bonds
B. Yankee Bonds
C. Matilda Bonds
D. Maple Bonds
E. Bulldog Bond
Correct Answer: “B”
2. Following RBI, IRDAI has also allowed insurance companies to use video-based KYC. Where is it headquartered?
A. New Delhi
B. Chennai
C. Pune
D. Mumbai
E. Hyderabad
Correct Answer: “E”
3. Which of the following entity will set up an innovation hub that will focus on future technology in the financial services space?
A. Ministry of Finance
B. Reserve Bank of India
C. State Bank of India
D. Both 1 and 2
E. None of the above
Correct Answer: “B”
4. What is the minimum tenure of an FCNR account?
A. Two Years
B. Six Months
C. Seven Days
D. One Year
E. Five Years
Correct Answer: “D”
5. According to the latest EASE 2.0 Index, which of the following Public Sector Bank topped the Top Improvers category?
A. Bank of Baroda
B. State Bank of India
C. Bank of Maharashtra
D. Central Bank of India
E. Canara Bank
Correct Answer: “C”
6. Which of the following is the first listed NBFC in India to receive a license for forex business?
A. Power Finance Corporation Limited
B. Bajaj Finance Limited
C. Capital India Finance Limited
D. Muthoot Finance Ltd
E. None of the above
Correct Answer: “C”
7. Which of the following institution has recently imposed a penalty of Rs 40 lakh on Himachal Pradesh State Cooperative Bank?
A. Register of cooperative societies
B. NABARD
C. RBI
D. Ministry of Finance
E. None of the above
Correct Answer: “C”
8. RBI capped the tenure of MD, CEO, and whole-time director (WTD) of private sector banks at and the upper age limit for these posts will be _________.
A. 10 years, 70 years
B. 15 years, 75 years
C. 15 years, 60 years
D. 10 years, 65 years
E. 15 years, 70 years
Correct Answer: “E”
9. The ratio of liquid assets to net demand and time liabilities (NDTL) is called __
A. Base Rate
B. Bank Rate
C. Repo Rate
D. SLR Rate
E. MCL Rate
Correct Answer: “D”
10. Recently, who has been nominated by the central government to the Central Board of Reserve Bank of India?
A. Tarun Bajaj
B. Ajay Seth
C. Amitabh Kant
D. Rajiv Kumar
E. Rajiv Mehrishi
Correct Answer: “B”
11. Which of the following recently announced a goal to scale regenerative farming practices across 3 million hectares by 2030?
A. PepsiCo
B. Nestle
C. Mondelez
D. Sysco Corp.
E. Tyson Foods
Correct Answer: “A”
12. ‘ABC’ bank needs a certain amount of money for a time period of 24 hours. Which among the following market should it approach?
A. Notice money market
B. Call money market
C. Commodity market
D. Capital market
E. Stock market
Correct Answer: “B”
13. Which of the following is true regarding Retail banking?
A. Type of banking in which direct dealing with retail customers is done.
B. Popularly known as consumer banking
C. Visible face of banking to the general public
D. Individual customers use local branches of larger commercial banks
E. All the above
Correct Answer: “E”
14. The Asian Development Bank recently released its Asian Development Outlook. According to the report, India is to grow in the current fiscal year 2021-22.
A. 12%
B. 15%
C. 11%
D. 16%
E. 18%
Correct Answer: “C”
15. Recently, an American-British information provider- IHS Markit forecasted India’s FY22 GDP growth at ____amid rising Covid cases.
A. 9.6
B. 11.5
C. 7.5
D. 4.5
E. 3.6
Correct Answer: “A”
16. Which of the following bank recently launched a digital and contactless banking platform for merchants called ‘Merchant Stack’?
A. SBI bank
B. ICICI bank
C. Axis bank
D. IDBI bank
E. HDFC bank
Correct Answer: “B”
17. RBI has recently joined the Central Banks and Supervisors NGFS as a member. What does ‘N’ in NGFS short for?
A. National
B. Network
C. Neutral
D. Net
E. Noble
Correct Answer: “B”
18. In the economy, the Gini – coefficient is mainly used to measure __.
A. Poverty
B. Income Inequality
C. Investment inequality
D. Gender Inequality
E. All of the above
Correct Answer: “B”
19. Which of the following recently decided to stop their retail banking operations in 13 countries including India?
A. Citigroup
B. Deutsche
C. Barclays
D. HSBC
E. Royal Bank of Scotland
Correct Answer: “A”
20. Which bank won the women leader of the year award at the Frontiers In Cooperative Banking Awards 2020 recently?
A. KVB
B. Bandhan Bank
C. Indian Bank
D. Repco Bank
E. Canara Bank
Correct Answer: “D”
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