Banking Awareness Quiz: Set 217

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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 217

Q1. What is the current interest rate levied on the General Provident Fund (GPF)?
A) 7%
B) 7.9%
C) 8%
D) 8.9%

Q2. What was the Fiscal Deficit Target set by the government in the FY21?
A) 3.2%
B) 3.4%
C) 3.3%
D) 3.5%

Q3. LRS enables an Indian citizen to send money abroad. What does it stands for?
A) Liberalised Remittance Scheme
B) Liquidity Remittance Scheme
C) Limited Remittance Scheme
D) Littoral Remittance Scheme

Q4. When the asset of the banks stops generating an income, then the asset becomes _______.
A) LAF
B) ATM
C) PCR
D) NPA

Q5. The account in which the outstanding balance remains continuously in excess of the sanctioned limit is known as ______.
A) Credit buy out
B) Out of order
C) Weighted earnings per credit
D) Lot size

Q6. The Special Mention Account (SMA) are classified into how many categories by the banks?
A) one
B) two
C) three
D) four

Q7. The State Bank of India merged with its 5 associate banks and Bharatiya Mahila Bank in which year?
A) 2015
B) 2018
C) 2016
D) 2017

Q8. The sum of money paid by a company to its shareholders out of its profits is known as ________.
A) Dividend
B) Interest
C) Equity
D) Preferential Share

Q9. Who regulates Depository and Depository Participants in India?
A) RBI
B) EXIM
C) SEBI
D) IRDAI

Q10. The New Bank of India merged with which bank in 1993?
A) Bank of India
B) Punjab National Bank
C) State Bank of India
D) Canara Bank

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