Banking Awareness Quiz: Set 130

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Welcome to the 2020 Daily Banking Awareness Quiz Question & Answers Section of ExamsCart. Banking Awareness Quiz will Boost Your Banking Awareness Section.

The Banking Awareness Section of Banking Exams covers various segments in it like Banking Awareness, Static GK, In any case, the most imperative thing that you may have seen is that both the Banking Awareness and Static Awareness questions asked in the Banking Awareness Section depend on Current Banking Affairs as it were.

Here is a test on Banking Awareness to give you a chance to survey your Banking Awareness Knowledge. This post contains important Banking Awareness Quiz. A brief explanation of every Quiz is provided to further enhance your general knowledge. 

Banking Awareness Topics:

1. History of Banking in India
2. Banking Structure in India
3. About the Reserve Bank of India
4. Cooperative Banks in India
5. Subsidiaries of RBI
6. Banking Saving Schemes Overview
7. Currency and Coins in India
8. Bank Note Features
9. RBI as Banker to the Government
10. Ways and Means Advances (WMA)
11. All about Payments Bank
12. All about Small Finance Bank
13. T-bills vs Commercial Paper vs Certificate of Deposit
14. Overview of Payment Systems in India and NPCI
15. NEFT vs RTGS vs IMPS
16. Payment System by NPCI- UPI, BHIM, RuPay, BBPS
17. Cheques its types and Crossing of Cheques
18. List of Banking Abbreviation for Banking Exams
19. Banking Ombudsman Scheme and Ombudsman Scheme for Digital Transactions
20. Monetary Policy Rate: CRR, SLR, Repo, Reverse Repo, MSF
21. Priority Sector Lending
22. Priority Sector Lending Certificates
23. Basic Savings Bank Deposit Account (BSBDA)
24. Debt and Equity Market
25. Mergers of Banks with Year
26. Non-Performing Asset (NPA)
27. Liberalised Remittance Scheme (LRS)
28. Prepaid Payment Instruments (PPIs)
29. Important Points on Bank Deposits and Banking Matters

Banking Quiz for Bank Exam : Set 130

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   The National Payments Corporation of India was set up under which Act?

   • Companies Act 2013
   • Reserve Bank of India Act, 1934
   • Banking Regulation Act, 1949
   • Payments and Settlement Act, 2007
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   What is the full form of MSF in key policy rates of RBI?

   • Marginal Standing Facility
   • Medium Securities Fund
   • Monetary Scheme Facility
   • Minimum Stock Fund
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   Under the new framework of the External Commercial Borrowings (ECB) of RBI, all eligible borrowers can now raise ____________ or equivalent per financial year under the automatic route.

   • USD 600 million
   • USD 650 million
   • USD 700 million
   • USD 750 million
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   Bharat 22 ETF is managed by which entity?

   • LIC Mutual Fund
   • Aditya Birla Sun Life Mutual Fund
   • ICICI Prudential Mutual Fund
   • UTI Asset Management Company
   • None of these
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   Which bank has launched the Next-Gen mobile banking app?

   • HDFC Bank
   • Axis Bank
   • ICICI Bank
   • Yes Bank
   • None of these
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   According to RBI, “Bulk Deposit” means single Rupee term deposits of Rs ___________ and above.

   • Rs 1 crore
   • Rs 2 crore
   • Rs 2.5 crore
   • Rs 5 crore
   • Rs 2.75 crore
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   The Foreign Exchange Management Act (FEMA) to promote external trade and payments was passed in which year?

   • 1997
   • 1998
   • 1999
   • 2000
   • 2001
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   MTSS is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. What does M stands for in the given abbreviation?

   • Money
   • Monetary
   • Minimum
   • Manage
   • Monthly
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   Which of the following is not permitted to participate for transaction in call/notice money market?

   • Regional Rural Banks
   • Public Sector Banks
   • Co-operative Banks
   • Primary Dealers
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    In CLSS what does C denotes when linked to government schemes?

    • Cash
    • Central
    • Credit
    • Capital
    • None of these
    Correct
    

    Incorrect
    

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