Banking Awareness Quiz: Set 147

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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 147

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   What is the maximum balance allowed in accounts of Payments Bank?

   • Rs 10000
   • Rs 50000
   • Rs 1 lakh
   • Rs 2 lakh
   • Rs 5 lakh
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   Which of the following cannot be issued by Payments Bank?

   • Debit Card
   • QR Code
   • Credit card
   • UPI Id
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   Which of the following activity is restricted for Payments Bank?

   • Opening of Current Account
   • Granting of Loans
   • Opening of Fixed Deposit Account
   • Business Correspondent (BC) of another bank
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   What is the minimum SLR requirement for Payments Bank?

   • 25%
   • 50%
   • 75%
   • 100%
   • 33%
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   What is the minimum paid-up equity capital for payments banks?

   • Rs 100 crore
   • Rs 200 crore
   • Rs 500 crore
   • Rs 1000 crore
   • None of the above
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   The minimum paid up capital in Payments Bank is prescribed to cover which type of risk?

   • Credit Risk
   • Market Risk
   • Operational Risk
   • Reputational Risk
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   Payments Bank are registered 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
   
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

   Which of the following is the first operational Payments Bank in India?

   • India Post Payments Bank
   • Paytm Payments Bank
   • Airtel Payments Bank
   • FINO Payments Bank
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    What is the maximum permitted share of scheduled commercial bank in Payments Bank?

    • 20%
    • 30%
    • 40%
    • 50%
    • 75%
    Correct
    

    Incorrect
    

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