Banking Awareness Financial Awareness & Current Affairs for IBPS PO CLERK RBI AND All Other banks Questions with Answers

Banking Awareness Financial Awareness & Current Affairs for IBPS PO CLERK RBI AND All Other Bank Exams Questions with Answers. Banking Awareness mcq bits for SBI PO, Clerk, RRB and other banking exams.
1) Which is the most expensive city in the world, according to the World Cost of Living Survey , 2018?
a) Singapore
b) Mumbai
c) New Delhi
d) Kolkata
e) Patna

View Answer
a) Singapore

2) For ‘Sovereign Gold Bond Scheme 2018-19 Series-I’ which documents can be used for identification purpose ?
a) passport
b) Permanent Account Number (PAN) Card
c)Voter’s Identity Card
d) Aadhaar card
e) All the above

View Answer
e) All the above

3) What is Sovereign Gold Bond (SGB)? Who is the issuer?
a) SGBs are government securities denominated in grams of gold.
b) They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.
c) The Bond is issued by Reserve Bank on behalf of Government of India.
d) All the above
e) None of these

View Answer
d) All the above

4) Why should people buy SGB rather than physical gold? What are the benefits?
a) The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption.
b) The SGB offers a superior alternative to holding gold in physical form.
c) The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form.
d) The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc.
e) All the above

View Answer
e) All the above

5) Who are eligible to invest in the SGBs?
a) Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include.
b) Individuals, Hindu Undivided Familities (HUFs)
c) Trusts, universities
d) Charitable institutions
e) All the above

View Answer
e) All the above
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