Banking Awareness Quiz: Set 350

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 350

1. An enterprise where the investment in equipment does not exceed Rs. 10 lakh is known as__________
   A) Small enterprise
   B) Micro enterprise
   C) Medium enterprise
   D) Mini enterprise
   View Answer

   B) Micro enterprise

    
2. What is the rate of compensation paid by the agency banks for delayed credit towards payment of pension to government pensioners?
   A) 8%
   B) 7%
   C) 9%
   D) 6%
   View Answer

   A) 8%

    
3. Which section of RBI Act provides for appointment of scheduled commercial banks as its agents?
   A) Section 32
   B) Section 45 
   C) Section 28
   D) Section 51
   View Answer

   B) Section 45 

    
4. Which of the following is issued by the state government?
   A) Treasury Bills
   B) Cash Management Bills
   C) Dated Securities
   D) All of the above
   View Answer

   C) Dated Securities

    
5. Banks are required to offer their savings bank account holders a minimum of ___________ free transactions through bank’s own ATMs
   A) 6
   B) 4
   C) 3
   D) 5
   View Answer

   D) 5

    
6. Minimum detail PPI and KYC compliant PPI are the types of
   A) Closed System PPIs
   B) Semi-closed System PPIs
   C) Open System PPIs
   D) Both A and B
   View Answer

   B) Semi-closed System PPIs

    
7. An originating customer is eligible to get compensation for delay in returning failed payment of RTGS at current __________.
   A) Repo rate plus 2%
   B) Repo rate
   C) CRR plus 2%
   D) CRR
   View Answer

   B) Repo rate

    
8. In Contactless NFC payments card, what does NFC stands for?
   A) Net Focused Credit 
   B) Non Functional Card
   C) Neutral Fund Connect
   D) Near Field Communication
   View Answer

   D) Near Field Communication

    
9. The traditional MICR based cheque processing system has been replaced by _______________
   A) Real Time Gross Settlement
   B) Cheque Truncation System
   C) Global Positioning System
   D) Uniform Resource Locator
   View Answer

   B) Cheque Truncation System

    
10. Any person resident outside India, having a business interest in India, can open a SNRR account. What is the full form of SNRR?
    A) Specified Non-Resident Rupee Account
    B) Senior Non-Resident Rupee Account
    C) Special Non-Resident Rupee Account
    D) Simplified Non-Resident Rupee Account
    View Answer

    C) Special Non-Resident Rupee Account

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