Banking Awareness Quiz: Set 317

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 317

1. What is the Maximum amount per transaction for cash-based remittances through NEFT within India?

1. Rs 10,000
2. Rs 50,000
3. Rs 25,000
4. Rs 5,000
5. No Limit

2. What is the limit on amount transferred through NEFT?

1. Rs 50,000
2. Rs 1 lakh
3. Rs 2 lakhs
4. Rs 5 lakhs
5. No Limit

3. NEFT system operates in batches of _____ interval.

1. half hour
2. hourly
3. 15 minutes
4. 90 minutes
5. 45 minutes

4. There are how many settlement batches of NEFT in a day?

1. 18
2. 15
3. 23
4. 25
5. None of the above

5. ______ is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.

1. MICR Code
2. IFSC
3. BSR Code
4. Cust ID
5. None of the above

6. IFSC Code consists of ___ digits and its ___ digit is definitely Zero.

1. 16 ; 8th
2. 13 ; 6th
3. 14; 6th
4. 11 ; 5th
5. None of the above

7. _______ is a message containing a batch of NEFT payment instructions for funds transfer.

1. PFMS
2. SFMS
3. AEPS
4. NFMS
5. None of these

8. NEFT is a ______

1. Credit Push System
2. Credit Pull System
3. Debit Pull System
4. Debit Push System
5. Both A and C

9. What is the Penal Interest Rate for banks is NEFT deposit is not done on time?

1. Repo rate + 1%
2. Repo Rate + 2%
3. CRR + 1%
4. CRR + 2%
5. None of the above

10. NEFT operates on _____ basis.

1. Real Time
2. Partly Settlement
3. Deferred Net Settlement (DNS)
4. Gross Basis
5. None of the above

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