Banking Awareness Quiz: Set 280

Banking Awareness Quiz

Dear Readers, 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 280

1. ________ account refers to an account that a foreign bank holds in INR in a bank that is based in India.

1. Nostro
2. Vastro
3. Lastro
4. Fastro
5. None of these

2. _______ is the account which a bank of a country holds in the bank of another country in the foreign currency.

1. Nostro
2. Vastro
3. Lastro
4. Fastro
5. None of these

3. If a foreign bank like Deutsche Bank has an INR account with Bank of Baroda, then such account is called as ______ Account.

1. NASTRO
2. VISITOR
3. VOSTRO
4. UNION
5. None of these

4. Market Stabilization Scheme (MSS) was launched in ______.

1. April 2001
2. April 2003
3. April 2004
4. April 2007
5. April 2009

5. Market Stabilisation bonds are purchased by ________.

1. businessmen
2. financial institutions like banks
3. any resident of India
4. a government employee
5. None of these

6.Banking Ombudsman Scheme is introduced under ______ of the Banking Regulation Act, 1949 by RBI with effect from 1995.

1. Section 35A
2. Section 35B
3. Section 35C
4. Section 35D
5. None of these

7. How many Banking Ombudsmen have been appointed ?

1. 7
2. 12
3. 18
4. 20
5. 25

8. Which are the banks covered under the Banking Ombudsman Scheme, 2006?

1. All Scheduled Commercial Banks
2. Regional Rural Banks
3. Scheduled Primary Co-operative Banks
4. Both option 1 & 2
5. All of the above

9. Banking Ombudsman can receive and consider any complaint relating to which of the grounds of complaints?

1. non-payment or delay in payment of inward remittances
2. refusal to open deposit accounts without any valid reason for refusal
3. levying of charges without adequate prior notice to the customer
4. non-adherence to prescribed working hours
5. All of the above

10. Is there any cost involved in filing complaints with Banking Ombudsman?

1. Rs. 50
2. Rs. 100
3. Rs. 10
4. No Cost
5. Rs. 1000

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