Banking Awareness Quiz: Set 138

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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 138

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   What is the minimum validity period for all Prepaid Payment Instruments (PPIs) issued in India?

   • 3 months
   • 6 months
   • 9 months
   • 12 months
   • 18 months
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   The Certified Credit Counselors are institutions or individuals registered with which institution?

   • SIDBI
   • SEBI
   • NABARD
   • RBI
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   When the application for the Sovereign Gold Bond is made online and payment is made via digital mode then the issue price of the bond is how much amount less than the nominal value?

   • Rs 100 per gram
   • Rs 50 per gram
   • Rs 25 per gram
   • Rs 75 per gram
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   For transacting at an ATM / WLA, the customer should have a valid card along with  ______ number.

   • IFSC
   • PIN
   • OTP
   • UPI
   • PAN
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   What does RTGS stand for?

   • Real Time Gross System
   • Real Time Gross Settlement
   • Real Time Gross Session
   • Real Time Gross Service
   • None of the above
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   Which of the following statements is not correct regarding Cheque?

   • It cannot be made payable to bearer
   • It can be made payable on demand only
   • No grace period is allowed before payment
   • It can be crossed
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   The eligible borrowers of the MUDRA Banks are divided into how many categories to get the loan?

   • 2
   • 3
   • 4
   • 5
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Payments Bank are licensed under which Act?

   • Banking Regulation Act, 1949
   • Reserve Bank of India Act, 1934
   • Payment and Settlement Systems Act, 2007
   • Companies Act, 2013
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   An account is considered as NPA when the interest/installment of the principal remain overdue for a period of more than ______ days.

   • 30 days
   • 60 days
   • 90 days
   • 120 days
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    Which among the given requires every banking company in India to maintain Statutory Liquidity Ratio (SLR) with RBI?

    • Section 27 (3A) Banking Regulation Act, 1949
    • Section 35 (2) Banking Regulation Act, 1949
    • Section 41 (1A) Banking Regulation Act, 1949
    • Section 24 (2A) Banking Regulation Act, 1949
    • Section 24 (2A) Banking Regulation Act, 1934
    Correct
    

    Incorrect
    

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