Banking Quiz 2020

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Welcome to the 2020 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 Notes for all Competitive exams

1. History of Banking in India
2. Banking Structure in India
3. About the Reserve Bank of India
4. Cooperative Banks in India
5. Subsidiaries of RBI
6. Banking Saving Schemes Overview
7. Currency and Coins in India
8. Bank Note Features
9. RBI as Banker to the Government
10. Ways and Means Advances (WMA)
11. All about Payments Bank
12. All about Small Finance Bank
13. T-bills vs Commercial Paper vs Certificate of Deposit
14. Overview of Payment Systems in India and NPCI
15. NEFT vs RTGS vs IMPS
16. Payment System by NPCI- UPI, BHIM, RuPay, BBPS
17. Cheques its types and Crossing of Cheques
18. List of Banking Abbreviation for Banking Exams
19. Banking Ombudsman Scheme and Ombudsman Scheme for Digital Transactions
20. Monetary Policy Rate: CRR, SLR, Repo, Reverse Repo, MSF
21. Priority Sector Lending
22. Priority Sector Lending Certificates
23. Basic Savings Bank Deposit Account (BSBDA)
24. Debt and Equity Market
25. Mergers of Banks with Year
26. Non-Performing Asset (NPA)
27. Liberalised Remittance Scheme (LRS)
28. Prepaid Payment Instruments (PPIs)
29. Important Points on Bank Deposits and Banking Matters

Banking Quiz 2020

Banking Quiz for Bank Exam : Set 100

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In this article. we continue the Banking Quiz for Bank Exams. The Banking Awareness or Banking Knowledge is an important subject for like SBI PO, SBI Clerk, IBPS PO, IBPS Clerk, IBPS RRB PO & Clerk and other Bank, Insurance and SSC exams. In our Banking Quiz for Bank Exams, we share all the important Banking MCQs for Bank Exams from the Previous year Bank Exams paper. Also, you will see many Banking MCQs for Bank Exams in your upcoming Bank exams. Generally, the Banking Awareness section is considered easiest and most scoring in Bank PO & Clerk exams. So attempt our Computer MCQs for Bank Exams to Scire high in the exam.

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1. Answered
2. Review

1. Question 1 of 10

   1. Question

   1 points

   A Saving account or Current account is classified as ‘Inoperative’ or ‘Dormant’ if there are no transactions in the account for over a period of ___ years.

   • 9 months
   • 1 year
   • 1.5 years
   • 2 years
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   Which one of the following is an order to pay money?

   • Cheque
   • Promissory note
   • Bills of exchange
   • Both 1 and 3
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   In which of the following credit rating of CRISIL, it is considered that the instrument in this credit rating are in default or expected to be in default soon?

   • A
   • B
   • C
   • D
   • None of these
   Correct
   

   AAA-Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
   AA –Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
   A –Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
   BBB –Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.
   BB –Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
   B –Instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
   C –Instruments with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
   D –Instruments with this rating are in default or are expected to be in default soon.

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   EEFC Account stands for _________.

   • Exchange Earner’s foreign currency A/c
   • Export Earner’s foreign currency A/c
   • Exchange Earner’s forward currency A/c
   • Exchange Export forward currency A/c
   • None of the above
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   FIMMDA is an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance companies. What does the letter ‘D’ stands for in FIMMDA?

   • Derivatives
   • Debenture
   • Debt
   • Dividend
   • None of the above
   Correct
   

   The Fixed Income Money Market & Derivatives Association of India

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   Which type of money market instrument is a short term debt instrument issued by Government of India and are presently issued in three tenors?

   • Commercial Paper
   • Call Money
   • Notice Money
   • Treasury Bills
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   Which of the following acts lets banks and other financial institutions of India to auction commercial or residential properties for the purpose of loan recovery or specially framed to deal NPA problems?

   • Banking Regulation Act
   • SARFAESI Act
   • Prevention of Money Laundering Act
   • Foreign Exchange Management Act
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Collateralized Borrowings & Lending Obligation (CBLO) is a type of money market instrument operated by which of the following?

   • RBI
   • NPCI
   • CCIL
   • INFINET
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   In 2010, Government of India, in consultation with RBI introduced a new short term instrument to meet the temporary mismatch in cash flow of the Government of India. The name of this money market instrument is ________.

   • Bankers Bills
   • Cash Management Bills
   • Municipal Notes
   • Federal Funds
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    reasury bills are sold in India which of the following?

    • Government of India
    • Commercial Banks
    • RBI
    • SEBI
    • None of the above
    Correct
    

    Incorrect
    

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Banking Notes for all Competitive exams