Banking Awareness Quiz: Set 153

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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 153

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   On which of the following the Aatma Nirbhar Bharat Abhiyaan package is focused?

   • Labour
   • Land
   • Liquidity
   • Laws
   • All the above
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   For the FY 2020-21, how much reduction in Rates of ‘Tax Deduction at Source’ and ‘Tax Collected at Source” is announced under Aatma Nirbhar Bharat Abhiyaan?

   • 25%
   • 24%
   • 23%
   • 22%
   • 21%
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   How much Special Liquidity Scheme is announced by the Government for NBFC/HFC/MFIs in Aatma Nirbhar Bharat Abhiyaan?

   • Rs 10,000 crores
   • Rs 20,000 crores
   • Rs 30,000 crores
   • Rs 40,000 crores
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   Which of the following is not a method to calculate the Gross Domestic Product (GDP)?

   • Expenditure method
   • Diminishing cost method
   • Income law
   • Product method
   • All of the above
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   The total amount of income from economic activities across the country in a year is called _____.

   • Disposable income
   • National income
   • Personal income
   • Gross income
   • None of these
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   Which of the following statements is correct?

   • GDP at factor cost = Net Value Addition - Depreciation
   • GDP at factor cost = Net price increase + indirect tax
   • GDP at factor cost = Net Value Addition + Depreciation
   • GDP at factor cost = Net price increase + direct tax
   • All of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   Which statement is correct for nominal GDP?

   • Nominal GDP is calculated based on current prices.
   • Nominal GDP is calculated based on the base prices.
   • Data on Nominal GDP shows an accurate picture of the economy as compared to real GDP.
   • Onlly 1 & 2
   • Onlly 2 & 3
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Which sector contributes the most income to India’s economy?

   • Secondary sector
   • Tertiary sector
   • Primary sector
   • Both 1 & 3
   • Both 2 & 3
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   What is the base year for calculating India’s GDP?

   • 2001-02
   • 2014-15
   • 2004-05
   • 2010-11
   • 2011-12
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    Who releases data of national income in India?

    • NITI Aayog
    • GoI
    • CSO
    • Ministry of Finance
    • None of these
    Correct
    

    Incorrect
    

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