Banking Awareness Quiz: Set 320

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 320

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. 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. 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. In _____ it was decided to allow the establishment of local banks in the private sector.

1. 1989
2. 1991
3. 1993
4. 1996
5. 1999

5. Financial Institutions are allowed to issue Certificates of Deposits for a period between 1 year and up to _______.

1. 2 years
2. 3 years
3. 5 years
4. 15 years
5. 10 years

6. ATMs which are installed for the transaction related to agriculture are known as ______.

1. Green Label ATM
2. Pink Label ATM
3. Orange Label ATM
4. White Label ATM
5. None of these

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. The main objectives for maintaining the SLR ratio are:

1. to control the expansion of bank credit.
2. to ensure the solvency of commercial banks.
3. to compel the commercial banks to invest in government securities like government bonds.
4. All of the above
5. None of the above

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. A scheduled bank is one that is listed in the ______of RBI Act, 1934.

1. 5th schedule
2. 4th schedule
3. 3rd schedule
4. 2nd schedule
5. 1st schedule

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