Banking Awareness Quiz: Set 296

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 296

1. ____ is a loan that is made for a very short period of few days only with a low rate of interest.

1. Call money
2. Commodity money
3. Notice money
4. Term money
5. None of these

2. ____ is the amount of funds borrowed by the government to meet the expenditures.

1. Budget deficit
2. Fiscal deficit
3. Capital deficit
4. Revenue deticit
5. None of these

3. Government of India can print Rs. 1 notes as per which act?

1. Coinage Act, 2011
2. RBI Act, 1934
3. Paper Currency Act, 1861
4. Notes Printing Act, 1981
5. None of these

4. _____ is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid.

1. Current Account
2. Saving Account
3. Fixed Deposit Account
4. Demat Account
5. None of the above

5. Which among the following organization is the regulator of Micro, Small and Medium enterprises in India?

1. SIDBI
2. SEBI
3. RBI
4. NABARD
5. None of the above

6. ______ Policy is a part of government policy, which is concerned with raising revenue through taxation & with deciding on the amount and purpose of government spending.

1. Fiscal Policy
2. Revenue Policy
3. Income Policy
4. Surplus Policy
5. None of the above

7. Legal uses of tax regime to one’s own advantage, to reduce the amount of tax that is payable by means that are within the law can be termed as _____

1. Tax shifting
2. Tax havens
3. Tax Evasion
4. Tax avoidance
5. None of the above

8. Coins are minted by Government of India at four mints in the country. Which one of the following is not among four mints?

1. Nashik
2. Kolkata
3. Noida
4. Hyderabad
5. None of the above

9. Money laundering is a process which involves _______.

1. placement of funds
2. layering of funds
3. integration of funds
4. all of the above
5. None of these

10. Bank rate policy , open market operations, Cash reserve ratio, Statutory liquidity ratio are the requirements employed by Reserve Bank of India as measures of ________

1. Banking Regulation Act, 1949
2. Quantitative credit control
3. Monetary credit control
4. Both Option 1 & 2
5. None of the above

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