Banking Awareness Quiz: Set 201

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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 201

1. The blockchain based global payment network ‘World Wire’ has been developed by which company?
   A) IBM
   B) Microsoft
   C) Accenture
   D) Wipro
2. Mobile company Xiaomi has launched its Unified Payments Interface (UPI) based payments application “Mi Pay” in collaboration with which bank?
   A) Axis Bank
   B) HDFC Bank
   C) ICICI Bank
   D) Yes Bank
3. The payment of interest on savings bank accounts by scheduled commercial banks is calculated on a daily product basis with effect from________
   A) June 30, 2000
   B) March 30, 2012
   C) July 1, 2014
   D) April 1, 2010
4. What is the Minimum Average Maturity Period (MAMP)for ECB up to USD 50 million per financial year raised by manufacturing sector?
   A) 3 years
   B) 4 years
   C) 5 years
   D) 1 years
5. Any entity registered under______________ is eligible to issue Rupee denominated bonds overseas
   A) Banking Regulation Act 1949
   B) Reserve Bank of India Act 1934
   C) Companies Act, 1956/ 2013
   D) Foreign Exchange Management Act, 1999
6. The Foreign nationals of non-Indian origin resident outside India can acquire immovable property in India on lease not exceeding _______ years
   A) 8 years
   B) 10 years
   C) 4 years
   D) 5 years
7. When the FDI is allowed without prior approval by Government or Reserve Bank of India, it is known as____________
   A) Automatic Route
   B) Involuntary Route
   C) Reflex Route
   D) Approval Route
8. The maximum value of each prepaid gift instrument shall not exceed ___________.
   A) Rs 5,000
   B) Rs 50,000
   C) Rs 10,000
   D) Rs 25,000
9. FCA is a transactional account denominated in a currency other than the home currency and can be maintained by a bank in the home country or a bank in another country. Expand FCA.
   A) Foreign Credit Account
   B) Foreign Currency Account
   C) Foreign Cash Account
   D) Foreign Current Account
10. What does Ind AS stands for, which was in news recently?
    A) Investment Associated Statements
    B) Indian Assets Statistics
    C) Insurance Application Service
    D) Indian Accounting Standards

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