Online Quiz

← Back
Get daily current affairs & exam alerts – follow us YouTube WhatsApp Channel Telegram Channel Facebook Page Instagram
Share with friends & study groups
Link to this page from your website / blog (HTML code)
1.  
Which pair is INCORRECTLY matched?

Correct Answer: D [NHB – Mumbai]

Explanation:

NHB – New Delhi, not Mumbai.

2.  
Match the institution with the year it was set up:
(i) NABARD (ii) NHB (iii) SIDBI (iv) DICGC
(p) 1978 (q) 1982 (r) 1990 (s) 1988

Correct Answer: E [i-q, ii-s, iii-r, iv-p]

Explanation:

NABARD 1982; NHB 1988; SIDBI 1990; DICGC 1978.

3.  
Ravi has ₹ 3.5 lakh in SB and ₹ 2.5 lakh in an FD in Bank P, and ₹ 4.8 lakh in an FD in Bank Q. Both banks fail. Total insured amount:

Correct Answer: A [₹ 9.8 lakh]

Explanation:

Bank P: min(6, 5) = 5; Bank Q: 4.8; total 9.8 lakh.

4.  
Meena has ₹ 4 lakh in her own savings account and ₹ 3 lakh in a joint account with her husband (different capacity) in the same bank. The bank fails. The two accounts are insured separately. The amount insured for the two accounts together is:

Correct Answer: B [₹ 7 lakh]

Explanation:

Different right/capacity → separate cover: 4 + 3 = 7 lakh (each below 5 lakh).

5.  
How many are correct? (a) SEBI's head office is in Mumbai. (b) NPCI is a not-for-profit (Section 8) company. (c) PFRDA's head office is in Mumbai. (d) DICGC premium is paid by depositors.

Correct Answer: C [2]

Explanation:

(a) and (b) true; PFRDA is in New Delhi; the bank pays the premium.

6.  
Reverse question: a body set up under an Act of 2019, started on 27 April 2020 and located in Gandhinagar is:

Correct Answer: E [IFSCA]

Explanation:

IFSCA – IFSCA Act 2019, GIFT City.

7.  
How many years after its non-statutory constitution did SEBI become a statutory body?

Correct Answer: C [4]

Explanation:

1988 → 1992 = 4 years.

8.  
Odd one out (by type of body):

Correct Answer: A [SIDBI]

Explanation:

SIDBI is a development financial institution; the rest are regulators.

9.  
The Deposit Insurance Corporation started work in 1962 and merged with which body to form the DICGC in 1978?

Correct Answer: D [Credit Guarantee Corporation of India (1971)]

Explanation:

DIC (1 Jan 1962) + CGCI (14 Jan 1971) → DICGC (15 July 1978).

10.  
Arrange chronologically: IFSCA, NPCI, interim PFRDA, statutory SEBI, RBI.

Correct Answer: B [RBI → SEBI → PFRDA → NPCI → IFSCA]

Explanation:

1935 → 1992 → 2003 → 2008 → 2020.

11.  
A depositor has ₹ 9 lakh in Bank A and ₹ 2.5 lakh in Bank B. Both banks fail. The total insured amount is:

Correct Answer: E [₹ 7.5 lakh]

Explanation:

Bank A: min(9, 5) = 5; Bank B: 2.5; total ₹ 7.5 lakh.

12.  
Which of the following regulates insolvency professionals and information utilities, but does NOT decide insolvency cases?

Correct Answer: D [IBBI]

Explanation:

IBBI regulates the profession; the NCLT decides company insolvency cases under the IBC, 2016.

📘 IBPS Clerk 2026 – B5 Banking & Financial Awareness + Static GK (PDF book)
Here you get the answer with a one-line explanation. 745 questions, each with a full step-by-step explanation · shortcuts, tables, trap alerts · Prelims + Mains sectional mocks. All 5 books together: ₹599.
Get the book – ₹149 →
Score: 0 Answered: 0 / 0