Banking Awareness Quiz: Set 298

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 298

1. National Savings Certificate is issued by?

1. Reserve Bank of India
2. Post Offices
3. Nationalised Banks
4. Private Banks
5. None of these

2. Who cannot invest in National Savings Certificate (NSC) Scheme?

1. HUFs
2. NRIs
3. Trust
4. All of the above
5. None of these

3. What does the letter “C” denotes in the term CBS as used in Banking operations?

1. Central
2. Commercial
3. Core
4. Capital
5. None of these

4. Which of the following is not a valid denotation of National Savings Certificate (NSC)?

1. Rs 5,000
2. Rs 500
3. Rs 1,000
4. Rs 10,000
5. Rs 20,000

5. What is the minimum investment required in National Savings Certificate (NSC) Scheme?

1. Rs 50
2. Rs 100
3. Rs 200
4. Rs 500
5. Rs 1000

6. What is the maximum investment limit in National Savings Certificate (NSC) Scheme?

1. Rs 25,000
2. Rs 50,000
3. Rs 100,000
4. Rs 500,000
5. No Limit

7. Tax benefit applicable under National Savings Certificate (NSC) scheme for investment upto?

1. Rs 1 lakh
2. Rs 1.5 lakh
3. Rs 2 lakh
4. Rs 2.5 lakh
5. None of these

8. What is the maturity period of National Savings Certificate (NSC) scheme?

1. 9 years
2. 7 years
3. 5 years
4. 3 years
5. 1 year

9. Premature withdrawal is allowed in National Savings Certificate (NSC) scheme after how many years?

1. 1 year
2. 2 year
3. 3 year
4. 5 year
5. Not allowed expect in special cases

10. Identify the false statement with respect to the National Savings Certificate (NSC) scheme.

1. Banks and NBFCs accept NSC as a collateral or security for secured loans.
2. A minor can purchase the certificate direct in his name
3. Premature Withdrawal is not allowed in NSC under any circumstances
4. Any number of certificates for the valid denominations may be purchased
5. All of the above are correct

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