Banking Awareness Quiz: Set 209

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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 209

1. What is the usage charge levied by NPCI for using UPI for transactions below Rs 1000?
   A) 10 paise
   B) 25 paise
   C) 50 paise
   D) 20 paise
2. The Lead Bank scheme was introduced upon the recommendation of which committee?
   A) Vyas Committee
   B) Bhave Committee
   C) Usha Thorat Committee
   D) Gadgil Committee
3. As per the direction of RBI, the RRBs have to lend _______ percent of their outstanding advances to priority sector and sub-sector targets
   A) 55%
   B) 40%
   C) 75%
   D) 29%
4. RBI has removed the need for AFA for any transaction up to Rs 2000. Here AFA Denotes _______.
   A) Added Factor for Authentication
   B) Additional Factor for Authentication
   C) Auxiliary Factor for Authentication
   D) Accessory Factor for Authentication
5. Expand CBLO.
   A) Collateralized Borrowing and Lending Obligation
   B) Common Borrowing and Lending Order
   C) Clearing Borrowing and Lending Operation
   D) Capital Borrowing and Lending Quality
6. Centrally planned economy where there is no existence of private sector is known as ___________
   A) Free Enterprise Economy
   B) Mixed Economy
   C) Capitalistic economy
   D) Socialistic economy
7. In ANBC, what does A stands for with respect to credit lending by banks?
   A) Adjusted
   B) Asset
   C) Average
   D) Advances
    
8. A market situation in which there are many firms which sell closely related but differentiated products is known as________
   A) Oligopoly
   B) Monopolistic Competition
   C) Monopoly
   D) Perfect Competition
9. What is the maximum tenure of the RBI Governor?
   A) 6 years
   B) 2 years
   C) 3 years
   D) 5 years
10. The Airtel Payments Bank was launched in which year?
    A) 2016
    B) 2017
    C) 2015
    D) 2014

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