Banking Awareness Quiz: Set 305

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 305

1. When a person opens an account in a bank, the bank is a ………. towards the person.

1. Creditor
2. Debtor
3. Agent
4. Borrower
5. None of these

2. Concept of Tobin Tax is associated with which field?

1. Foreign Exchange Transactions
2. Share Trading
3. Commodity Trading
4. Bullion Trading
5. None of these

3.Which act pertains to effectively dealing with the problem of non- performing assets (NPAs) in Indian Banking ?

1. RBI Act
2. Banking and Regulation Act
3. SARFAESI Act
4. Banking Ombudsman
5. None of these

4. Which agency/ institution is the regulatory authority for home loans in India?

1. Housing Development Finance Corporation (HDFC)
2. National Housing Bank (NHB)
3. National Housing Board
4. Housing Finance Corporation ltd.(HFCL)
5. None of these

5. Commercial paper can be issued _____.

1. By all corporate
2. By all corporate with net worth of at least Rs 10 crore
3. By all corporate with net worth of at least Rs 5 crore
4. Can be issued only by Banks
5. None of these

6. Sub-prime lending refers to _____.

1. Lending to the customer who are most value for the banks
2. Lending to the customer who vist bank for the very first time
3. Lending to the people with less than standard credit status
4. All of the above
5. None of the above

7. CRR funds are kept by the Banks in _____.

1. Cash in hands at branches
2. Balance with other banks
3. Balance in a special accounts with RBI
4. Funds in the currency chest
5. None of these

8. India’s first indigenous payment gateway is ____.

1. India Expenditure
2. India Payment
3. India Challan
4. India Pay
5. None of these

9. The interest on recurring deposit is paid on the basis of ______.

1. Simple interest calculated monthly basis
2. Simple interest on monthly product basis
3. Quarterly compounding
4. Interest calculated on daily product basis
5. None of these

10. Which of the following is not an imperfect note?

1. Wahsed note
2. Bleached note
3. Multilated note
4. Oiled note
5. None of these

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