Banking Awareness Quiz: Set 225

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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 225

1. Which among the following accounts enables the customer to perform all transactions electronically?
   A) Demat account
   B) Savings deposit account
   C) No-Frill account
   D) Mutual Fund account
2. Which among the following terms means stopping the flow of the physical cheques issued by a drawer to the drawee branch?
   A) Shear
   B) Remit
   C) Truncation
   D) Disinvest
3. Which among the following is the owner of Unified Payments Interface (UPI)?
   A) RBI
   B) NPCI
   C) NITI Aayog
   D) Ministry of Electronics & Information Technology
4. Which of these countries is not a member of the New Development Bank?
   A) Brazil
   B) China
   C) India
   D) Sri Lanka
5. Which of the given financial institutions comes under Bretton Woods institutions
   A) New Development Bank
   B) Asian Development Bank
   C) International Monetary Fund
   D) European Bank for Reconstruction and Development
6. Identify which of these is not a function of International Monetary Fund?
   A) Foster global monetary cooperation
   B) Approve transactions between international financial institutions with other countries
   C) Promote high employment and sustainable economic growth
   D) Reduce poverty around the world
7. Which of these institutions provides interest-free loans and grants to governments of the poorest countries?
   A) International Development Association
   B) International Bank for Reconstruction and Development
   C) International Finance Corporation
   D) Multilateral Investment Guarantee Agency
8. The small accounts are initially valid for a period of how many months?
   A) 24 months
   B) 18 months
   C) 6 months
   D) 12 months
9. How many banks were merged with the State Bank of India in the year 2017?
   A) 5
   B) 7
   C) 6
   D) 4
10. Which among the given committees recommended to set up NABARD?
    A) Deshmukh Committee
    B) Sivaraman Committee
    C) Rangarajan Committee
    D) Subramanian Committee

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