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 72

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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

   _____ deficit is the difference between what government earns and its total expenditure.

   • Fiscal deficit
   • Revenue deficit
   • Budgetary deficit
   • Monetary deficit
   • None of these
   Correct
   

   Incorrect
   
2. Question 2 of 10

   2. Question

   1 points

   The Board of Financial Supervision (BFS) was constituted in November 1994 by RBI to supervise _______.

   • Commercial Banks
   • Financial Institutions
   • Non Banking Finance Companies
   • All of the above
   • None of these
   Correct
   

   Incorrect
   
3. Question 3 of 10

   3. Question

   1 points

   The use of Smart Cards/ Debit Cards/ Credit Cards for purchase of an item, or for physical cash payment at a Merchant Store, the card has to be swiped in a terminal known as ______ 

   • Credit card terminal
   • POS terminal
   • EFTPOS
   • PDQ terminal
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   The implementation of Indian Accounting Standards (IndAS) for banks has been deferred to _______.

   • 01 April 2020
   • 31 March 2019
   • 01 April 2019
   • 31 March 2020
   • None of the above
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   RBI reviewed the Guidelines on STRIPS for government securities. What does R stands for in STRIPS?

   • Registered
   • Robust
   • Reimbursed
   • Regulated
   • None of the above
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   With a view to build up adequate reserves to protect against increase in yields in future, all banks are required to create which of the following reserves from 2018-19?

   • MTM
   • UTR
   • IFR
   • IRS
   • None of the above
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   For raising External Commercial Borrowings (ECB) for working capital with minimum maturity period of 3/5 years, the overall ceiling for such ECBs shall be ______.

   • USD 10 billion
   • USD 10 million
   • USD 50 million
   • USD 50 billion
   • None of the above
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   Payments Bank and Small Finance Banks are eligible to participate in Call Money Market as _____

   • Only Borrowers
   • Only Lenders
   • Both Borrowers and Lenders
   • They cannot participate in Call Money Market
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   For the purpose of ensuring that all its sponsors are fit and proper, every Asset Reconstruction Companies (ARCs) have to obtain declaration from all its sponsors within ______ of the close of financial year.

   • 14 days
   • 1 month
   • 2 months
   • 3 months
   • None of these
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    As per the Internal Ombudsman Scheme 2018, all SCBs in India having more than ____ banking outlets are required to appoint Internal Ombudsman (IOs).

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

    Incorrect