Banking Awareness Quiz: Set 238

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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 238

1. The overall rise in the cost of goods that results from a rise in the amount people earn over time is known as _______.
   A) Wage Push Inflation
   B) Pricing Power Inflation
   C) Cost Push Inflation
   D) Sectoral Inflation
    
2. What does ALM stands for in banking & Finance?
   A) Asset Liquidity Maturity
   B) Asset Liability Management
   C) Asset Leverage Method
   D) Asset Liquidity Management
    
3. What is the minimum capital requirement for corporates to set up a bank as per RBI?
   A) Rs 200 crore
   B) Rs 400 crore
   C) Rs 300 crore
   D) Rs 500 crore
    
4. Which of these institutions maintains the Micro Finance Development and Equity Fund (MFDEF)?
   A) RBI
   B) SIDBI
   C) NABARD
   D) Ministry of Finance
    
5. Which of these determines the rate of interest on term deposits in banks?
   A) Ministry of Finance
   B) Reserve Bank of India
   C) Indian Banks Association
   D) Banks itself
    
6. What is the minimum tenure for which NRE term deposit account can be  opened?
   A) 48 months
   B) 12 months
   C) 24 months
   D) 36 months
    
7. Which of these cannot be endorsed?
   A) Fixed deposit receipt
   B) Bank draft
   C) Promissory note
   D) Cheque
    
8. Which of these is the first Public Sector Bank to obtain licence from RBI for internet banking?
   A) Oriental Bank of Commerce
   B) Corporation Bank
   C) Punjab National Bank
   D) State Bank of India
9. Which of the following deposits is not accepted by commercial banks?
   A) Fixed deposit
   B) Demand deposit
   C) Recurring deposit
   D) Public Account deposit
    
10. The National Stock Exchange (NSE) has been barred from accessing securities market for a period of ______.
    A) 12 months 
    B) 6 months
    C) 3 months
    D) 4 months

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