Banking Awareness Quiz: Set 216

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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 216

Q1. The branches of selected banks authorized by the RBI to stock rupee notes and coins for the circulation in the economy is known as________
A) Blue Chip
B) Front Office
C) Currency Chest
D) Holding Company

Q2. RBI has issued minimum standards for setting up of a new Currency Chests where the Chest Balance Limit should be atleast Rs __________
A) Rs 10 billion
B) Rs 20 billion
C) Rs 5 billion
D) Rs 12 billion

Q3. Under the recommendation of which Committee RBI has issued minimum standards for setting up of a new Currency Chests?
A) Bimal Jalan Committee
B) Y. V. Reddy Committee
C) D.K. Mohanty Committee
D) D. Subbarao Committee

Q4. As per the RBI’s minimum standards for setting up of a new Currency Chests, the minimum area of the strong room/ vault to store banknotes should be__________
A) 1000 sq. ft.
B) 1500 sq. ft.
C) 2000 sq. ft.
D) 1800 sq. ft.

Q5. What should be the minimum processing capacity of the Currency Chests according to the latest notification of the RBI?
A) 5,50,000 pieces banknotes/day
B) 4,40,000 pieces banknotes/day
C) 2,20,000 pieces banknotes/day
D) 6,60,000 pieces banknotes/day

Q6. RBI has notified that the CBL of Currency Chest should be of at least Rs 10 billion. What does CBL stands for?
A) Chest Balance Limit
B) Chest Bank Limit
C) Currency Balance Limit
D) Currency Bank Limit

Q7. In order to spread awareness about the benefits of listing on BSE Startups platform, BSE has inked pact with which bank?
A) Syndicate Bank
B) HDFC Bank
C) ICICI Bank
D) SBI

Q8. Emirates Islamic has become the first Islamic Bank to launch Banking Service via Whatsapp. The headquarter of the bank is located at _______.
A) Sharjah
B) Abu Dhabi
C) Dubai
D) Al Ain

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