Banking Awareness Quiz: Set 228

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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 228

1. What is the applicable limit for social infrastructure loans under priority sector?
   A) 1 crore
   B) 2 crores
   C) 5 crores
   D) 3 crores
    
2. The Micro, Small and Medium Enterprises Development (MSMED) Act was passed in which year?
   A) 2007
   B) 2003
   C) 2000
   D) 2006
    
3. In banking, what does ASCL stands for?
   A) Average Securities Capital Limit
   B) Aggregate Sanctioned Credit Limit
   C) Adequate Systematic Control Loan
   D) Associated System of Credit Liability
    
4. A short term borrowing means borrowing of tenor up to but less than ________.
   A) 12 months
   B) 6 months
   C) 18 months
   D) 3 months
    
5. The National Accreditation Board for Testing and Calibration Laboratories (NABL) is located in which city?
   A) Nagpur
   B) Pune
   C) Gurugram
   D) Mumbai
    
6. What is the minimum age limit for opening BSBDA by banks for individuals?
   A) 10 years
   B) 12 years
   C) 18 years
   D) no such limit
    
7. For a corporate to be eligible to issue CP the tangible net worth of the company should not be less than Rs. ________
   A) 1 crore
   B) 4 crore
   C) 2 crore
   D) 5 crore
    
8. The headquarter of the Asian Clearing Union (ACU) is located in which country?
   A) Kathmandu, Nepal
   B) New Delhi, India
   C) Dhaka, Bangladesh
   D) Tehran, Iran
    
9. What is the maximum limit of Indian currency that an Indian resident can bring back to India while returning from any place outside India?
   A) Rs.55,000
   B) Rs.50,000
   C) Rs.25,000
   D) Rs.20,000
    
10. What are the processing or service charges applicable for inward NEFT transactions
    A) No charge
    B) Rs 2.50
    C) Rs 5
    D) Rs 25

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