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 71

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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

   ____ is a loan that is made for a very short period of few days only with a low rate of interest.

   • Call money
   • Commodity money
   • Notice money
   • Term money
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   ____ is the amount of funds borrowed by the government to meet the expenditures.

   • Budget deficit
   • Fiscal deficit
   • Capital deficit
   • Revenue deticit
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   Government of India can print Rs. 1 notes as per which act?

   • Coinage Act, 2011
   • RBI Act, 1934
   • Paper Currency Act, 1861
   • Notes Printing Act, 1981
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   _____ is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid.

   • Current Account
   • Saving Account
   • Fixed Deposit Account
   • Demat Account
   • None of the above
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   Which among the following organization is the regulator of Micro, Small and Medium enterprises in India?

   • SIDBI
   • SEBI
   • RBI
   • NABARD
   • None of the above
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   ______ Policy is a part of government policy, which is concerned with raising revenue through taxation & with deciding on the amount and purpose of government spending.

   • Fiscal Policy
   • Revenue Policy
   • Income Policy
   • Surplus Policy
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   Legal uses of tax regime to one’s own advantage, to reduce the amount of tax that is payable by means that are within the law can be termed as _____ 

   • Tax shifting
   • Tax havens
   • Tax Evasion
   • Tax avoidance
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Coins are minted by Government of India at four mints in the country. Which one of the following is not among four mints?

   • Nashik
   • Kolkata
   • Noida
   • Hyderabad
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   Money laundering is a process which involves _______.

   • placement of funds
   • layering of funds
   • integration of funds
   • all of the above
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    Bank rate policy , open market operations, Cash reserve ratio, Statutory liquidity ratio are the requirements employed by Reserve Bank of India as measures of ________

    • Banking Regulation Act, 1949
    • Quantitative credit control
    • Monetary credit control
    • Both Option 1 & 2
    • None of the above
    Correct
    

    Incorrect