Banking Awareness Quiz: Set 221

Dear Readers,

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 221

1. Which of the given statements is not correct?
   A) Banks can accept interest-free deposits in current and recurring deposit accounts
   B) Loss making banks can make donations up to Rs.5 lakh only in a financial year
   C) Banks can pay interest on savings bank accounts at quarterly or longer rests
   D) A bank may provide differential rates of interest in savings account above Rs 1 lakh
2. Identical prices prevail in which type of market  system?
   A) Oligopoly
   B) Monopolistic competition
   C) Monopoly
   D) Perfect Competition
3. Which of these is not a type of Prepaid Payment Instruments (PPI)?
   A) Paytm Wallet
   B) Rupay Card
   C) Gilt-edged securities
   D) Amazon Gift Card
4. Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified and approved for each new period. The ZBB concept was introduced in which country?
   A) Germany
   B) United States
   C) Switzerland
   D) United Kingdom
5. The ING Vyasa Bank has merged with which among the following banks?
   A) Axis Bank
   B) Bank of India
   C) Punjab National Bank
   D) Kotak Mahindra Bank
6. The excess of total revenue expenditure of the government over its total revenue receipts is known as__________
   A) Revenue Deficit
   B) Money Deficit
   C) Fiscal Deficit
   D) Primary Deficit
7. Which among the following is the largest stock exchange in the world?
   A) Tokyo Stock Exchange
   B) New York Stock Exchange
   C) Shanghai Stock Exchange
   D) Hong Kong Stock Exchange
8. Devaluation of a country’s currency  ________
   A) Encourage import
   B) Discourage export
   C) Encourage export
   D) Both A & C
9. The headquarter of the IndusInd Bank Limited is in which city?
   A) Mumbai
   B) Chennai
   C) Kochi
   D) Noida
10. MMTC-PAMP India is first and only refinery in India to be accredited by LBMA for Gold and Silver. What does LBMA stands for?
    A) Los Angeles Bullion Market Association
    B) Las Vegas Bullion Market Association
    C) Lausanne Bullion Market Association
    D) London Bullion Market Association

Read More:

Thank You.

By TEAM ExamsCart.com   

(Government Exams ? Crack with Us…)