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 121

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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

   What is the amount of accidental insurance cover linked with RuPay Debit card under the PMJDY after it has been made an open ended scheme?

   • Rs 2 lakh
   • Rs 2.5 lakh
   • Rs 1 lakh
   • Rs 1.5 lakh
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   The Overdraft limit under the PMJDY Scheme has been increased to Rs ___________.

   • Rs 10,000
   • Rs 25,000
   • Rs 50,000
   • Rs 10,000
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   Which of the given statement is not true regarding the ‘Small Account’ under the scheme?

   • Aadhaar card is mandatory for opening Small Account
   • Balance at any point of time should not cross Rs 50,000
   • Aggregate withdrawals should not be more than Rs 10,000 in a month
   • Aggregate credits have been limited to not more than Rs 1 lakh a year.
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   The life insurance cover provided under the scheme is Rs ___________.

   • Rs 10,000
   • Rs 20,000
   • Rs 30,000
   • Rs 40,000
   • None of the above
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   The personal accident cover of Rs 2 lakh per person will be applicable if the bank account is opened within the first ___________ days effective from 28 August 2019.

   • 50
   • 90
   • 100
   • 120
   • None of the above
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   To avail the additional Rs 1 lakh accidental cover attached with RuPay Debit card, the account-holder will have to do at least one transaction in _____ days.

   • 30 days
   • 45 days
   • 60 days
   • 90 days
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   The maximum age limit for availing OD facility under the scheme has been hiked to______.

   • 65 years
   • 63 years
   • 62 years
   • 60 years
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   The open ended PMJDY focuses on opening account from “every household to every _________

   • Adult
   • Youth
   • Women
   • Old Age
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   The overdraft facility under the scheme will be available after satisfactory operation of the account for __________

   • 3 months
   • 6 months
   • 9 months
   • 12 months
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    The overdraft limit amounting to Rs _____ will have no conditions attached to it.

    • Rs 1,000
    • Rs 2,000
    • Rs 5,000
    • Rs 10,000
    • None of the above
    Correct
    

    Incorrect
    

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Banking Notes for all Competitive exams