Banking Awareness Quiz: Set 325

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 325

1. Which of the following is/are true about the “Sub-Prime Crisis”- term
(1) It is a Mortgage crisis referring to Credit default by the borrowers.
(2) Sub-Prime borrowers were those borrowers who were rated low and were high risk borrows.
(3) This crisis originated out of negligence in credit rating of the borrowers.
(a) Only 1
(b) Only 2
(c) Only 3
(d) All of the above
(e) None of the above

2. High rate of investment may ____?
(a) Reduce the amount of credit creation
(b) Create better chance for the credit creation
(c) Not affect the amount of credit in any way
(d) Lead to any of the above-mentioned occurrences
(e) None of the above

3. For which are the reserves maintained before the following?
(a) One rupee notes
(b) One rupee coins
(c) All notes and coins
(d) RBI notes
(e) None of the above

4. The ‘monetary base for credit expansion’ consists of _____?
(a) The total value of ‘high-powered money’
(b) The demand and time deposit liabilities
(c) The size of the deficit in the government’s budget
(d) All of these
(e) None of the above

5. A rise in the reserve ratio of banks ____?
(a) Will lead to an increase in the money supply
(b) Will lead to a proportionate increase in the money
(c) Will lead to a decrease in the money supply
(d) Will lead to increase in cost of deposits
(e) None of the above

6. Which of the following is one-to-many electronic fund settlement system?
a. NEFT
b. RTGS
c. ECS Credit
d. ECS Debit

7. What is the full form of NEFT?
a. National Electronic Funds Transfer
b. National Electric Funds Transfer
c. National Electronic Funds Transmission
d. National Electric Funds Transmission

8. What is the significance of ‘Real-time’ in RTGS?
a. Funds will eventually be transmitted to beneficiary account
b. Funds will be settled in batches
c. Funds will be settled as soon as initiated
d. None of the above

9. NEFT settlement is done in –
a. hourly batches
b. real time
c. daily batches
d. none of the above

10. What is the maximum limit of funds transfer through NEFT?
a. Rs. 50,000
b. Rs. 1 lakh
c. Rs. 2 lakh
d. There is no upper limit for NEFT

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