Banking Awareness Quiz: Set 294

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 294

1. Banking codes and Standard Board of India, has been constituted as a ______.

1. Trust
2. Society
3. Joint stock company
4. Partnership Firm
5. None of these

2. Which among the following is the objective of issuing KYC guidelines by RBI?

1. Check fraudulent activities of borrowers
2. Check money laundering activities
3. Avoid undesirable customer to enter the Banking system
4. Both option 2&3
5. None of these

3. Spend now and Pay later is stands for _____.

1. Debit card
2. Rupay card
3. Credit card
4. Electronic purse
5. None of these

4. When RBI cancels the banking licence of banking company, the appeal can be made to _______.

1. Central government
2. Company Law Board
3. Supreme Court
4. High Court
5. RBI

5. What does S stands for in SCC with respect to credit?

1. Secure
2. Selective
3. Systematic
4. Structured
5. Support

6. What does the last character represent in PAN Card?

1. Random digit
2. Type of holder
3. Surname of holder
4. Check digit
5. Name

7. With which of the following is SARFAESI Act 2002 related ?

1. Regulation of foreign exchange
2. Recovery of Bad loans
3. Fixation of interest rates
4. All of the above
5. None of these

8. The reserve held by commercial bank in the form of cash with RBI is known as?

1. Deposit Reserve
2. Excess Reserve
3. Cash reserve
4. Exchange Reserve
5. None of these

9. Which is the first Indian RRB that achieved Core Banking Solution (CBS) in 2011?

1. Pallavan Bank
2. Rushikulya Gramya Bank
3. Allahabad UP Gramin Bank
4. Prathma Bank
5. Not allowed expect in special cases

10. The account of foreign bank, as maintained in the books of a bank in India is called a ____ account.

1. Shadow
2. LORO
3. VOSTRO
4. NOSTRO
5. None of the above

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