Banking Awareness Quiz: Set 195

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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 Awareness Quiz: Set 195

1. Which among the following words is written in between the crossing lines in a restrictive crossing cheque?
   A) Not negotiable
   B) Account Payee
   C) & Company
   D) State Bank of India
2. What is the maximum limit of deposit that is insured in NBFC?
   A) Rs 1 lakh
   B) Rs 50000
   C) No Limit
   D) Not insured
3. What is meant by Sovereign wealth fund?
   A) funds pooled by oil producing countries
   B) investment of fund by foreign companies in Indian companies
   C) state-owned and managed investment fund
   D) fund pooled by illegal means
4. What is the Minimum Average Maturity Period (MAMP) for ECB raised from foreign equity holder and utilised for specific purposes?
   A) 5 years
   B) 3 years
   C) 1 years
   D) 7 years
5. Telebanking service is based on _________
   A) Virtual banking
   B) Voice banking
   C) Online banking
   D) Core banking
6. Expand EBT.
   A) Electronic Borrowing Tool
   B) Electronic Banking Transaction
   C) Electronic Bond Transaction
   D) Electronic Benefit Transfer
7. Which among the following is a third party product offered by a bank?
   A) Term Deposit
   B) Debit Card
   C) Mutual Funds
   D) Gift Cheques
8. Which among the following initiative promotes financial inclusion?
   A) Opening no frills accounts
   B) Appointing business correspondents for servicing rural customers
   C) Opening bank branches in un-banked districts
   D) All of the above
9. An affordable housing is defined as a residential house/flat of carpet area of up to 90 sqm in non-metropolitan cities/towns and 60 sqm in metropolitan cities having value up to Rs. ____________
   A) Rs 45 lakhs
   B) Rs 35 lakhs
   C) Rs 25 lakhs
   D) Rs 55 lakhs
10. The Reserve Bank of India has merged how many categories of NBFC’s to form a new category called NBFC – Investment and Credit Company (NBFC-ICC)?
    A) 2
    B) 3
    C) 4
    D) 5

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