Banking Awareness Quiz: Set 271

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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 271

1. As per the amended definition of the Start-ups, the annual turnover of start-ups cannot be more than __________
   A) Rs 25 crore
   B) Rs 50 crore
   C) Rs 75 crore
   D) Rs 100 crore
2. Name the sponsor bank of the newly formed Dakshin Bihar Gramin bank, by merging Uttar Bihar Gramin Bank with Madhya Bihar Gramin Bank
   A) Syndicate Bank
   B) Punjab National Bank
   C) UCO Bank
   D) Bank of Baroda
3. The Reserve Bank of India consists of how many Local Boards?
   A) 4
   B) 3
   C) 2
   D) 1
4. For savings bank deposits, banks can provide differential rates of interest above which amount?
   A) Rs.50 lakh
   B) Rs. 10 lakh
   C) Rs. 5 lakh
   D) Rs.1 lakh
5. The GST Council has hiked the GST exemption limit for MSMEs from north-eastern and hilly states to ____________ with effect from April 1, 2019
   A) Rs 40 lakh
   B) Rs 30 lakh
   C) Rs 50 lakh
   D) Rs 20 lakh
6. The equity instrument used by the non Indian companies in the Indian stock markets for issuing equity to Indian investors is known as____________
   A) Indian Depository Receipts
   B) Special Drawing Rights
   C) Convertible Debenture
   D) Promissory Notes
7. The BPay mobile app has been launched by which bank?
   A) Bank of Baroda
   B) Fino Payments Bank
   C) Paytm Payments Bank
   D) Bandhan Bank
8. What is the full form of FRBM?
   A) Financial Responsibility and Business Management
   B) Fiscal Responsibility and Business Management
   C) Fiscal Responsibility and Budget Management
   D) Financial Responsibility and Budget Management
9. A bank can close the partnership account under which circumstances?
   A) Death of partner
   B) Retirement of a partner
   C) Insolvency of a partner
   D) All of the above
10. Which of the following is not a 24×7 payment system?
    A) IMPS
    B) UPI
    C) RTGS
    D) All are 24×7 payment system

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