Banking Awareness Quiz: Set 215

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Welcome to the 2021 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 215

Q1. The replacement of actual card details with a unique alternate code is known as________.
A) Tokenisation
B) Demonstration
C) Authentication
D) Manifestation

Q2. The Micro, Small and Medium Enterprises Development Act was passed in which year?
A) 2000
B) 2006
C) 2014
D) 2009

Q3. What do you understand by Gross Profit?
A) Total lending over total borrowing
B) Net investment over net savings
C) Net expenditure over net receipt
D) Total receipt over total expenditure

Q4. The taxation is a tool of which of the following?
A) Fiscal policy
B) Monetary policy
C) Wage policy
D) Price policy

Q5. Which among the following relations is true if exports is equal to imports?
A) GDP>GNP
B) GDP=GNP
C) GDP<GNP
D) No relation

Q6. Identify the short term government securities instrument.
A) Equity Shares
B) Debenture
C) Treasury Bills
D) Mutual Funds

Q7. Which among the following is the major cause of inflation?
A) Decrease in supply of goods
B) Increase in money supply
C) Increase in cash held with the government
D) Decrease in money supply

Q8. Which of the given is a Navratna Company?
A) HDFC
B) Infosys
C) Air India
D) HPCL

Q9. For the issue of currencies, the RBI follows Minimum Reserve System. Under this system, the RBI has to keep a minimum reserve of Rs ________.
A) 200 crore
B) 100 crore
C) 500 crore
D) 300 crore

Q10. SFMS is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. What is the full form of SFMS?
A) Standard Financial Messaging System
B) Systematic Financial Messaging System
C) Structured Financial Messaging System
D) Synchronized Financial Messaging System

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