Banking Awareness Quiz: Set 245

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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 245

1. What is the minimum balance required to be maintained in the pension account maintained with the banks?
   A) No such limit
   B) Rs 1,000
   C) Rs 500
   D) Rs 5,000
    
2.  Reserve Bank of India has the right and obligation to function as banker to all the state government except for the state government of ___________
   A) Tripura
   B) Jammu & Kashmir
   C) Sikkim
   D) Nagaland
    
3. Currently, which of these Banking Ombudsman Scheme is in operation?
   A) 2006
   B) 2010
   C) 1999
   D) 2012
    
4. Short term borrowings includes borrowing of tenor up to but less than ___________
   A) 3 months
   B) 18 months
   C) 6 months
   D) 12 months 
5. ARM is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. What does ARM stands for?
   A) Alternative Rate Mortgage
   B) Applied Rate Mortgage
   C) Adjustable Rate Mortgage
   D) Adaptive Rate Mortgage
6. Which country has removed India from its Treasury’s ‘Monitoring List’ recently in May 2019?
   A) Canada
   B) United States
   C) Russia
   D) France
    
7. The RTGS system for fund transaction is available for customers upto _____________
   A) 4:00 pm
   B) 2:00 pm
   C) 6:00 pm
   D) 8:00 pm
8. The Indian Overseas Bank has recently launched the Bank on Wheels facility in how many states of India?
   A) four
   B) one
   C) two
   D) three
    
9. NBFCs with asset size of ____________ are mandated by RBI to appoint Chief Risk Officer.
   A) Rs 10 billion
   B) Rs 50 billion
   C) Rs 100 billion
   D) Rs 75 billion
    
10. India was the highest recipient of funds from which of these institutions in the year 2018?
    A) Asian Development Bank
    B) World Bank
    C) New Development Bank
    D) Asian Infrastructure Investment Bank

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