Banking Awareness Quiz: Set 198

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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 198

1. As per RBI Act 1934, the RBI is mandated to conduct how many Monetary Policy Committee meeting in a year?
   A) 4
   B) 5
   C) 6
   D) 8
2. How many times the Monetary Policy Committee (MPC) Meeting take place in 2019-20?
   A) 4
   B) 5
   C) 6
   D) 8
3. Government security (G-Sec) may be issued in which form?
   A) Government Promissory Note (GPN)
   B) Bond Ledger Account (BLA)
   C) Stock
   D) All of these
4. There are how many NBFC Ombudsman as on date?
   A) 16
   B) 04
   C) 06
   D) 18
5. Which of the following is the common unit of account of the Asian Clearing Union (ACU)?
   A) ATA
   B) ARU
   C) ATU
   D) AMU
6. ___________ is any person specifically authorized by the Reserve Bank under Section 10(1) of FEMA, 1999, to deal in foreign exchange or foreign securities.
   A) Authorised Dealer
   B) Primary Representative
   C) Foreign Dealer
   D) Security Dealer
7. What amount of foreign exchange can an Indian retain with him after he/she returns from a foreign trip?
   A) USD 1,000
   B) USD 2,000
   C) USD 3,000
   D) USD 4,000
8. On return from a foreign trip, Indians are required to surrender unspent foreign exchange held in the form of currency notes and travellers cheques within ____ of return.
   A) 90 days
   B) 60 days
   C) 180 days
   D) 365 days
9. Which of the following system has been developed to create Electronic Bill Factoring Exchanges which could electronically accept and settle bills so that MSMEs could encash their receivables without delay?
   A) TReDS
   B) CCC
   C) ReIT
   D) BCSBI
10. Where is the headquarters of Banking Codes and Standards Board of India (BCSBI) located?
    A) Delhi
    B) Mumbai
    C) Pune
    D) Hyderabad

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