Banking Awareness Quiz: Set 282

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 282

1. When the RBI opts to reduce liquidity in the banking system, it increases which of the following?

1. CRR
2. SLR
3. Repo rate
4. Reverse repo rate
5. Any of the above

2. What is the term used for the debt instrument, secured by the collateral of an immovable property, in which the borrower is obliged to pay back the debt on terms agreed upon?

1. Lien
2. Assignment
3. Mortgage
4. Hypothecation
5. Pledge

3. A Banking Ombudsman can reject a complaint at any stage on which of the following grounds?

1. There is no loss or damage or inconvenience caused to the complainant in the opinion of the Banking Ombudsman
2. The compensation sought from the Banking Ombudsman is beyond Rs. 10 lakh.
3. The complaint is not pursued by the complainant with reasonable diligence
4. Any of the above
5. None of these

4. What does the letter ‘A’ represent in the abbreviation CRAR?

1. Assets
2. Allocation
3. Adequacy
4. Advance
5. None of these

5. Revolving credit is made available by the issuer in the case of which of the following instruments?

1. Debit card
2. Credit card
3. Cashless card
4. Prepaid Card
5. None of these

6. A debit card holder cannot perform which of the following functions?

1. Make Point of Sale (PoS) purchase
2. Recharge pre-paid mobile phones
3. Pay life insurance premium
4. Make donation
5. None of these

7. Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

1. Savings account
2. Current account
3. Fixed Deposit account
4. Recurring account
5. None of these

8.The process through which an investor’s physical share certificate gets converted to electronic format which is maintained in an account with the Depository Participant, is termed as ______.

1. Materialisation
2. Conversion
3. Dematerialisation
4. Prioritisation
5. None of these

9. Which of the following abbreviations and their expanded forms is not matched correctly?

1. BIFR: Board for Industrial and Financial Reconstruction
2. CBS: Central Banking Solution
3. FPO: Follow-on Public Offer
4. NCD: Non-Convertible Debentures
5. Both option 2 & 3

10. Which of the following card product launched by the banks is working on the principle of Buy Now Pay Later?

1. Debit card
2. Prepaid Card
3. Money Card
4. Credit card
5. None of the above

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