Banking Awareness Quiz: Set 159

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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 159

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   Know Your Customers (KYC) norms should be strictly followed by the banks. What does KYC means?

   • Determining the identity and residence proof of account holders through approved documents
   • Ensuring that bank staff members know the customers personally
   • Organising regular customer service meetings
   • Providing improved customer services
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   Which among the given options affect the interest rates?

   • Inflation rate
   • Government Borrowings
   • Supply of Money
   • All of the above
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   What is the longest permissible period for which a fixed deposit can be accepted by a commercial bank?

   • 5 years
   • 10 years
   • 15 years
   • 20 years
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   CASA is the cheapest and major source of funds for banks. What is the full form of CASA?

   • Credit Aspect and Savings Aggregation
   • Customer Analysis and Savings Pattern
   • Current Account and Savings Account
   • Cost Appreciation and Selling Analysis
   • None of these
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   Which among the following is the drawee bank in respect of a cheque?

   • The bank on which the cheque is drawn
   • The payee’s bank
   • The bank which collects the cheque
   • The endorse’s bank
   • None of these
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   Who determines the rate of interest payable on the bank deposits?

   • The Bank concerned
   • Ministry of Finance
   • Reserve Bank of India
   • Indian Bank’s Association
   • None of these
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   We know that the financial year for banks in India is April-March. But what is the financial year followed by the Reserve Bank of India?

   • April-march
   • January-December
   • June-May
   • July-June
   • None of these
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   The priority sector lending does not include which of the following?

   • Agricultural lending
   • Education loans
   • Small scale sector loans
   • Auto loans
   • None of these
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   Which is the first public sector bank in India to launch its own Mutual Fund Scheme?

   • State Bank of India
   • Punjab National Bank
   • Bank of Baroda
   • Allahabad Bank
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    Which among the following decides the value and volume of bank notes to be printed?

    • Reserve Bank of India
    • Ministry of Finance
    • Planning Commission
    • Indian Banks’ Association
    • None of these
    Correct
    

    Incorrect
    

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