Banking Awareness Quiz: Set 197

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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 197

1. Cheques denominated in currencies other than Indian Rupees are known as ________ .
   A) outside cheque
   B) foreign currency cheque
   C) outstation cheque
   D) speed cheque
2. Which of the following is not a US-Dollar Cheque Collection process?
   A) Cash Letter Arrangement (CLA)
   B) Direct Collection Arrangement (DCA)
   C) Final Credit Services (FCS)
   D) Speed Collection Services (SCS)
3. The image based Cheque clearing for foreign currency Cheque is known as ?
   A) Cheque Image Facility
   B) Truncated Image Facility
   C) Check-21 Facility
   D) Final Image Facility
4. A _____ transaction does not require the ATM/debit card to be physically presented at the point of transaction.
   A) CN
   B) CNP
   C) NFC
   D) EMV
5. The daily limit of cash withdrawal through POS terminals has been set at?
   A) Rs 1000
   B) Rs 2000
   C) Rs 5000
   D) Rs 10,000
6. Which of the following is not a security feature for online transactions?
   A) AFA
   B) OTP
   C) NFC
   D) CVV
7. In case of Card Present transactions NFC contactless technology, transactions for a maximum value of _______ per transaction are allowed to be undertaken without AFA requirement.
   A) Rs 1,000
   B) Rs 5,000
   C) Rs 2,000
   D) Rs 10,000
8. Which type of Debit Card has been replaced by banks since December 31, 2018.
   A) Magnetic Stripe Cards
   B) EMV Cards
   C) PIN based Cards
   D) Maestro Cards
9. IDFs are investment vehicles which can be sponsored by commercial banks and NBFCs in India. What does IDF stands for?
   A) Investment Debt Fund
   B) Investment Development Fund
   C) Infrastructure Development Fund
   D) Infrastructure Debt Fund
10. Find the correct sentence:
    A) Mutual Fund (MFs) are regulated by RBI
    B) NBFC is regulated by the Reserve Bank of India
    C) RRBs are Supervised by RBI
    D) All are correct

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