Banking Awareness Quiz: Set 351

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 351

1. _______ is a preset amount of money that a bank has agreed to lend you and that you can draw on when you need it.
   A) Loan
   B) Advance
   C) Line of Credit
   D) None of these
   View Answer

   C) Line of Credit

    
2. Which of the following organization is the nodal agency for the implementation of the ‘Interest Subvention Scheme for MSMEs 2018’ launched by Ministry of Micro, Small and Medium Enterprises (MSMEs)?
   A) RBI
   B) SIDBI
   C) SBI
   D) NPCI
   View Answer

   B) SIDBI

    
3. Which of the following is the term used for storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank for distribution to bank branches?
   A) currency depot
   B) coin depot
   C) currency bank
   D) currency chest
   View Answer

   D) currency chest

    
4. Which of the following denomination of bank note is currently not being issued by RBI?
   A) Rs 2
   B) Rs 5
   C) Rs 10
   D) Both A and B
   View Answer

   D) Both A and B

    
5. Asian Clearing Union (ACU) has how many countries as its member?
   A) 7
   B) 8
   C) 9
   D) 10
   View Answer

   C) 9

    
6. How much foreign currency can be carried in cash for travel abroad from India under normal circumstances?
   A) up to USD 10,000 per visit
   B) up to USD 1,000 per visit
   C) up to USD 6,000 per visit
   D) up to USD 3,000 per visit
   View Answer

   D) up to USD 3,000 per visit

    
7. What is the maximum amount of Indian currency that can be brought in while coming into India?
   A) Rs. 2,50,000
   B) Rs. 50,000
   C) Rs. 25,000
   D) Rs. 15,000
   View Answer

   C) Rs. 25,000

    
8. What are the routes under which foreign investment can be made in India?
   A) Automatic Route, Government Route and FAR
   B) Automatic Route and Government Route
   C) FAR, VRR, MTF
   D) Automatic Route, Government Route, FAR, VRR, MTF
   View Answer

   B) Automatic Route and Government Route

    
9. The limits on cash withdrawal at ATMs and for purchase of goods and services are decided by _______.
   A) RBI
   B) NPCI
   C) Ministry of Finance
   D) card issuer
   View Answer

   D) card issuer

    
10. What is the maximum value of transaction allowed in a CP transaction (except ATM transactions) using NFC contactless technology undertaken without AFA requirement?
    A) Rs. 1,000 per transaction
    B) Rs. 2,000 per transaction
    C) Rs. 5,000 per transaction
    D) Rs. 10,000 per transaction
    View Answer

    B) Rs. 2,000 per transaction

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