Banking Awareness Quiz: Set 205

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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 quiz Section of Banking Exams covers various segments in it like Banking Awareness Quiz. 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 quiz 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 Quiz 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 205

1. PCE is a method whereby a company attempts to improve its debt or credit worthiness. Expand PCE.
   A) Per Capita Expenditure
   B) Partial Credit Enhancement
   C) Private Consumption Expenditure
   D) Public Credit Enhancement
2. What is the rate of interest applicable on National Savings Certificates (NSC)?
   A) 8.5%
   B) 7.9%
   C) 8%
   D) 7.7%
3. As per the recent orders of RBI, individuals travelling to Nepal or Bhutan, will be allowed to carry Indian Currency of denominations ₹200/- and/or ₹500/- not exceeding the total limit of _______
   A) Rs 50,000
   B) Rs 45,000
   C) Rs 30,000
   D) Rs 25,000
4. Which company has recently developed a blockchain based global payment network named World Wire?
   A) IBM
   B) Microsoft
   C) Oracle Corporation
   D) Intel
5. Which bank has recognized the Metropolitan Clearing Corporation of India Ltd (MCCIL) as a Third-Country CCP?
   A) Development Bank of Singapore
   B) Bank of New York Mellon
   C) Bank of England
   D) Royal Bank of Canada
6. Which among the following facilities is not available in the White Label ATMs?
   A) Pin Change
   B) Cash Deposit
   C) Request for Cheque Book
   D) Mini Statement Generation
7. MTSS is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. What does MTSS stands for?
   A) Money Transfer Service Scheme
   B) Minimum Transaction Service System
   C) Monetary Transaction Security Service
   D) Money Transfer Settlement System
8. What does P denotes in FPI?
   A) Periodic
   B) Potential
   C) Productive
   D) Portfolio
9. The maximum limit that can be invested by FPIs in Central government securities (G-Secs) stands at ________ percent of outstanding stock of that security
   A) 6%
   B) 9%
   C) 12%
   D) 20%
10. RBI has planned to introduce a ‘Regulatory Sandbox’ soon. What will be the purpose of this ‘Regulatory Sandbox’?
    A) Deepen digital payments and enhance financial inclusion
    B) Strengthen Customer rights by limiting liability of customers in unauthorised electronic banking transactions
    C) Allow FPIs to participate in any currency and interest rate derivative instrument, OTC or exchange traded, to hedge their interest rate or currency risk
    D) Benefit FinTech companies by way of reduced time to launch innovative products at a lower cost

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