Banking Awareness Quiz: Set 135

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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 135

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   An entity registered under which act can issue PPIs?

   • Reserve Bank of India Act, 1934
   • Banking Regulations Act, 1949
   • Companies Act, 1956 / Companies Act, 2013
   • Payment and Settlement Systems Act, 2007
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   Which of the following is not one of the types of PPIs issued?

   • Closed System PPIs
   • Semi-open System PPIs
   • Open System PPIs
   • Semi-closed System PPIs
   • None of the above
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   What is the rate of interest offered on PPI balance?

   • 0%
   • 5%
   • 1%
   • 3.5%
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   What is the maximum permitted limit of balance at any point in time in PPIs per month?

   • Rs 25,000
   • Rs 50,000
   • Rs 75,000
   • Rs 100,000
   • Rs 125,000
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   What is the minimum validity period of a PPI?

   • 3 months
   • 6 months
   • 9 months
   • 12 months
   • None of these
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   A PPI will be treated as inactive, if it has not been used for a period of ________

   • 6 months
   • 12 months
   • 18 months
   • 24 months
   • None of these
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   The PPIs that are issued by an entity for facilitating the purchase of goods and services from that entity only and do not permit cash withdrawal are known as__________

   • Open System PPIs
   • Semi-closed System PPIs
   • Closed System PPIs
   • Semi-open System PPIs
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Paytm, MobiKwik is an example of which type of PPI?

   • Open System PPIs
   • Semi-closed System PPIs
   • Closed System PPIs
   • Semi-open System PPIs
   • None of these
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   Which of the following is an example of Open System PPIs?

   • Rupay
   • Paytm Wallet
   • Ola Money
   • All of these
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    In the Open System PPIs, the outstanding amount should not exceed ____ at any point.

    • Rs 10,000
    • Rs 50,000
    • Rs 1 lakh
    • Rs 2 lakh
    • None of these
    Correct
    

    Incorrect
    

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