Banking Awareness Quiz: Set 297

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 297

1. _____ deficit is the difference between what government earns and its total expenditure.

1. Fiscal deficit
2. Revenue deficit
3. Budgetary deficit
4. Monetary deficit
5. None of these

2. The Board of Financial Supervision (BFS) was constituted in November 1994 by RBI to supervise _______.

1. Commercial Banks
2. Financial Institutions
3. Non Banking Finance Companies
4. All of the above
5. None of these

3. The use of Smart Cards/ Debit Cards/ Credit Cards for purchase of an item, or for physical cash payment at a Merchant Store, the card has to be swiped in a terminal known as ______

1. Credit card terminal
2. POS terminal
3. EFTPOS
4. PDQ terminal
5. None of these

4. The implementation of Indian Accounting Standards (IndAS) for banks has been deferred to _______.

1. 01 April 2020
2. 31 March 2019
3. 01 April 2019
4. 31 March 2020
5. None of the above

5. RBI reviewed the Guidelines on STRIPS for government securities. What does R stands for in STRIPS?

1. Registered
2. Robust
3. Reimbursed
4. Regulated
5. None of the above

6. With a view to build up adequate reserves to protect against increase in yields in future, all banks are required to create which of the following reserves from 2018-19?

1. MTM
2. UTR
3. IFR
4. IRS
5. None of the above

7. For raising External Commercial Borrowings (ECB) for working capital with minimum maturity period of 3/5 years, the overall ceiling for such ECBs shall be ______.

1. USD 10 billion
2. USD 10 million
3. USD 50 million
4. USD 50 billion
5. None of the above

8. Payments Bank and Small Finance Banks are eligible to participate in Call Money Market as _____

1. Only Borrowers
2. Only Lenders
3. Both Borrowers and Lenders
4. They cannot participate in Call Money Market
5. None of the above

9. For the purpose of ensuring that all its sponsors are fit and proper, every Asset Reconstruction Companies (ARCs) have to obtain declaration from all its sponsors within ______ of the close of financial year.

1. 14 days
2. 1 month
3. 2 months
4. 3 months
5. None of these

10. As per the Internal Ombudsman Scheme 2018, all SCBs in India having more than ____ banking outlets are required to appoint Internal Ombudsman (IOs).

1. 10
2. 15
3. 20
4. 25
5. None of the above

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