Banking Awareness Quiz: Set 164

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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 164

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   When is the SBI Day observed?

   • 1st March
   • 1st April
   • 1st July
   • 1st August
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   Which of the following acts has been launched to facilitate banks in recovery of bad loans?

   • SARFAESI Act
   • Income Tax Act
   • RBI Act
   • Banking Regulation Act
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   Which of the following is linked with the Financial Inclusion initiative?

   • No-Frills Accounts
   • Foreign Currency Accounts
   • Internet Banking
   • Anywhere Banking
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   What does V stands for in NAV?

   • Vertical
   • Variation
   • Value
   • Venture
   • None of these
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   What does ‘Hedging’ means?

   • Protecting against fluctuations/ uncertainty in risk in Forex markets
   • Credit risk assessment in respect of advance
   • Speculative buying/ selling of foreign currency
   • Capital risk assessment in respect of advances
   • None of these
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   The World Economic Outlook is a survey published by which organisation?

   • World Economic Forum
   • World Bank
   • IMF
   • UNCTAD
   • None of these
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   Banks are authorized to sell third party products. Which of the following denotes such products?

   • Gift Cheques
   • Term Deposits
   • Mutual Funds
   • Debit Cards
   • None of these
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Which among the following is also referred to as the smart money?

   • Treasury bills
   • Foreign currency
   • Plastic Notes
   • Credit cards
   • None of these
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   The Reverse Repo rate is a tool used by the RBI to ______.

   • Absorb Liquidity
   • Keep liquidity at one level
   • Inject Liquidity
   • Increase the liquidity with the banking system
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    Which of the given information is necessary to transfer funds via the RTGS facility?

    • Beneficiary’s bank account number
    • IFSC number of the beneficiary’s bank branch
    • Minimum amount to be transferred
    • All of the above
    • None of these
    Correct
    

    Incorrect
    

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