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. TheBanking 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. The inquiries on  Banking Awareness are identified with the nations, occasions or anything that has been in news for some time. Aside from the GA Section, phenomenal learning of current news additionally causes you to manage the PI (Personal Interview) all the more proficiently so you don’t give a murmur confuse reply to the interviewee’s basic inquiries. 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 syllabus 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 for Bank Exam : Set 57

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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

   When the RBI opts to reduce liquidity in the banking system, it increases which of the following?

   • CRR
   • SLR
   • Repo rate
   • Reverse repo rate
   • Any of the above
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   What is the term used for the debt instrument, secured by the collateral of an immovable property, in which the borrower is obliged to pay back the debt on terms agreed upon?

   • Lien
   • Assignment
   • Mortgage
   • Hypothecation
   • Pledge
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   A Banking Ombudsman can reject a complaint at any stage on which of the following grounds?

   • There is no loss or damage or inconvenience caused to the complainant in the opinion of the Banking Ombudsman
   • The compensation sought from the Banking Ombudsman is beyond Rs. 10 lakh.
   • The complaint is not pursued by the complainant with reasonable diligence
   • Any of the above
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   What does the letter ‘A’ represent in the abbreviation CRAR?

   • Assets
   • Allocation
   • Adequacy
   • Advance
   • None of these
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   Revolving credit is made available by the issuer in the case of which of the following instruments?

   • Debit card
   • Credit card
   • Cashless card
   • Prepaid Card
   • None of these
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   A debit card holder cannot perform which of the following functions?

   • Make Point of Sale (PoS) purchase
   • Recharge pre-paid mobile phones
   • Pay life insurance premium
   • Make donation
   • None of these
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   Which of the following is the best option to park money for a long period of time to earn a high rate of interest?

   • Savings account
   • Current account
   • Fixed Deposit account
   • Recurring account
   • None of these
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   The process through which an investor’s physical share certificate gets converted to electronic format which is maintained in an account with the Depository Participant, is termed as ______.

   • Materialisation
   • Conversion
   • Dematerialisation
   • Prioritisation
   • None of these
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   Which of the following abbreviations and their expanded forms is not matched correctly?

   • BIFR: Board for Industrial and Financial Reconstruction
   • CBS: Central Banking Solution
   • FPO: Follow-on Public Offer
   • NCD: Non-Convertible Debentures
   • Both option 2 & 3
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    Which of the following card product launched by the banks is working on the principle of Buy Now Pay Later?

    • Debit card
    • Prepaid Card
    • Money Card
    • Credit card
    • None of the above
    Correct
    

    Incorrect