Banking Awareness Quiz: Set 237

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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 Quiz: Set 237

1. The Open Market Operations (OMO) is a part of ________.
   A) Monetary Policy
   B) Fiscal Policy
   C) Income Policy
   D) All the above
    
2. What percent of net bank credit is required to be paid by Scheduled Commercial banks in India to priority sector in advance?
   A) 30%
   B) 20%
   C) 10%
   D) 40%
    
3. What is the full form of ASBA?
   A) Actual Savings and Balance Accumulated
   B) Applications Supported by Blocked Amount
   C) Accreditation of Stock and Bonds Account
   D) Account Seized and Blocked Assets
    
4. The Fiscal Policy in India is formulated ____________
   A) Ministry of finance
   B) Reserve Bank of India
   C) Finance Commission
   D) NITI Aayog
    
5. A type of banking which involves placing funds only in short-term, risk free assets such as government securities is called?
   A) Islamic Banking
   B) Universal Banking
   C) Narrow Banking
   D) Core Banking
    
6. Which of these committees recommended the merger of Regional Rural Banks with their Sponsor banks?
   A) Malegam Committee
   B) Narshimham Committee
   C) Khan Committee
   D) Khusro Committee
    
7. The bad debt recovered by a bank becomes ________ for the organisation.
   A) Expense
   B) Income
   C) Asset
   D) Debt
    
8. The Rural Infrastructure Development Fund (RIDF) is maintained by _______.
   A) SEBI
   B) RBI
   C) NABARD
   D) Ministry of Finance
    
9. LLP is acronym for _____.
   A) Limited Loan Participation
   B) Limited Liquidity Proportion
   C) Limited Leverage Percent
   D) Limited Liability Partnership
    
10. The Statutory Liquidity Ratio (SLR) is maintained by banks on ______.
    A) Net Demand and Time Liabilities
    B) Demand and Time Liabilities
    C) Net Demand and Time Deposits
    D) Demand and Time Deposits

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