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 102

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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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2. Review

1. Question 1 of 10

   1. Question

   1 points

   High worth individuals who provide seed capital for start-ups in return for a minority share in business are known as________.

   • Personal Investor
   • Angel Investor
   • Peer-to-peer lenders
   • All of these
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   CAR is the ratio of a bank’s capital to its risk. What does A stands for in CAR?

   • Adjustment
   • Adequacy
   • Asset
   • Alternative
   • None of these
   Correct
   

   Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR) is the ratio of a bank’s capital to its risk.

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   How many financial institutions are sponsors to UTI Mutual Fund?

   • 1
   • 2
   • 3
   • 4
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   What is the loan limit for education in India under priority sector?

   • Rs 10 lakh
   • Rs 15 lakh
   • Rs 20 lakh
   • Rs 25 lakh
   • None of the above
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   The value of an entity’s assets minus the value of its liabilities is known as NAV. Expand NAV.

   • Net Asset Value
   • Net Asset Variable
   • Net Account Value
   • Net Annual Variable
   • None of the above
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   What does Section 20 of the RBI Act 1934 defines?

   • Only RBI has the exclusive rights to issue currency notes in India
   • Allows RBI to form rules regarding the exchange of damaged and imperfect notes.
   • RBI as Banker to Government
   • Emergency loans to banks
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   An Individual can open how many ‘Basic Savings Bank Deposit Account’ in one bank?

   • One
   • Two
   • Three
   • No Limit
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Banks can accept interest free deposits in which type of accounts?

   • Savings Account
   • Term Deposit Account
   • Current Account
   • All the above
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   What is the minimum maturity period prescribed for the Commercial Paper?

   • 7 days
   • 14 days
   • 21 days
   • 30 days
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    ADF seeks to ensure submission of correct and consistent data from the banks straight from their systems to Reserve Bank without any manual intervention. What is ADF?

    • Authentic Data Flow
    • Automated Data Flow
    • Authorized Data Flow
    • Accurate Data Flow
    • None of the above
    Correct
    

    Incorrect
    

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Banking Notes for all Competitive exams