Banking Awareness Quiz: Set 226

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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 226

1. The headquarter of MMTC-PAMP India Pvt. Ltd, India’s first and only LBMA Good Delivery Refinery accredited for Gold and Silver is based in which city?
   A) Kolkata
   B) Pune
   C) Mumbai
   D) New Delhi
2. TDR is a method for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation. Expand TDR
   A) Transferable Development Rights
   B) Transaction Delayed Reserve
   C) Tax Deducted Review
   D) Terminal Development Resource
3. Which among the following is not true regarding Sovereign Gold Bond Scheme?
   A) Joint holding is allowed
   B) Minor can invest in SGB
   C) Investor can hold more than one investor ID for subscribing to the Sovereign Gold Bond
   D) Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB
4. Conversion of the token back to actual card details is known as ________
   A) Re-tokenisation
   B) De-tokenisation
   C) Pre-tokenisation
   D) E-tokenisation
5. What is the minimum number of free transactions allowed by banks in a month to customers for transaction at a bank’s own ATMs?
   A) 5
   B) 3
   C) 4
   D) 6
6. The “Limiting Liability of Customers for Unauthorised Electronic Payment Transactions in Prepaid Payment Instruments (PPIs) issued by Authorised Non-banks” has came into effect from_____________
   A) 01 April 2019
   B) 01 February 2019
   C) 01 January 2019
   D) 01 March 2019
7. What will be the maximum compensation payable by the Ombudsman for mental agony and harassment?
   A) Rs 10 lakh
   B) Rs 1 lakh
   C) Rs 5 lakh
   D) Rs 20 lakh
8. In which of the following fund transfer system, the transactions received up to a particular time are processed in batches?
   A) RTGS
   B) IMPS
   C) NEFT
   D) All the above
9. If the fund is not credited to the beneficiary customers accounts for any reason, RTGS member banks will return the fund back to the originating bank within a maximum period of ______ hours
   A) 1 hour
   B) 6 hours
   C) 8 hours
   D) 12 hours
10. What does R stands for in UTR with respect to fund transfer?
    A) Range
    B) Route
    C) Register
    D) Reference

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