Banking Awareness Quiz: Set 220

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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 220

Q1. What is the minimum interval at which banks can pay interest on savings bank accounts?
A) Annually
B) Quarterly
C) Half yearly
D) Monthly

Q2. What is the total Priority Sector lending target for Foreign banks in India with less than 20 branches for the financial year 2019-20?
A) 20% of Adjusted Net Bank Credit (ANBC)
B) 30% of ANBC
C) 40% of ANBC
D) 50% of ANBC

Q3. Flipkart Gift Cards, Amazon Gift Cards are examples of which type of PPI?
A) Closed System
B) Open System
C) Semi-closed System
D) Semi-open System

Q4. The difference between Repo Rate and Reverse Repo Rate is known as ________.
A) Policy Ratio Gap
B) Percent Gap
C) Deposit Gap
D) Corridor Gap

Q5. The assets which does not disclose any problems and does not carry more than normal risk attached to the business is known as _______.
A) Loss assets
B) Standard assets
C) Doubtful assets
D) Substandard assets

Q6. The Ombudsman Scheme for Digital Transactions, 2019 came into force on _______.
A) 31 January 2019
B) 31 December 2019
C) 30 November 2019
D) 15 February 2019

Q7. Which among the following banks did not merge with the State Bank of India?
A) Bank of Cochin Ltd
B) National Bank of Lahore Ltd
C) Bank of Bihar Ltd
D) New Bank of India

Q8. What is the current base year to calculate the Index of Industrial Production (IIP)?
A) 2000-01
B) 2004-05
C) 2011-12
D) 2014-15

Q9. Identify the incorrect statement regarding equity _____.
A) Equity is the borrowed fund
B) Return is in the form of dividend
C) Equity can be in the form of Shares and Stocks
D) They are always unsecured

Q10. Which of these accounts cannot be held by a person in the bank where he already has ‘Basic Savings Bank Deposit Account’?
A) Fixed deposit account
B) Savings Bank account
C) Recurring deposit account
D) Current account

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