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 97

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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

   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

   What does the letter “C” denotes in the term CBS as used in Banking operations?

   • Central
   • Commercial
   • Core
   • Capital
   • None of these
   Correct
   

   Incorrect
   
4. Question 4 of 10

   4. Question

   1 points

   In _____ it was decided to allow the establishment of local banks in the private sector.

   • 1989
   • 1991
   • 1993
   • 1996
   • 1999
   Correct
   

   Incorrect
   
5. Question 5 of 10

   5. Question

   1 points

   Financial Institutions are allowed to issue Certificates of Deposits for a period between 1 year and up to _______.

   • 2 years
   • 3 years
   • 5 years
   • 15 years
   • 10 years
   Correct
   

   Incorrect
   
6. Question 6 of 10

   6. Question

   1 points

   ATMs which are installed for the transaction related to agriculture are known as ______.

   • Green Label ATM
   • Pink Label ATM
   • Orange Label ATM
   • White Label ATM
   • None of these
   Correct
   

   Incorrect
   
7. Question 7 of 10

   7. Question

   1 points

   CRR funds are kept by the Banks in _____.

   • Cash in hands at branches
   • Balance with other banks
   • Balance in a special accounts with RBI
   • Funds in the currency chest
   • None of these
   Correct
   

   Incorrect
   
8. Question 8 of 10

   8. Question

   1 points

   The main objectives for maintaining the SLR ratio are:

   • to control the expansion of bank credit.
   • to ensure the solvency of commercial banks.
   • to compel the commercial banks to invest in government securities like government bonds.
   • All of the above
   • None of the above
   Correct
   

   Incorrect
   
9. Question 9 of 10

   9. Question

   1 points

   Premature withdrawal is allowed in National Savings Certificate (NSC) scheme after how many years?

   • 1 year
   • 2 year
   • 3 year
   • 5 year
   • Not allowed expect in special cases
   Correct
   

   Incorrect
   
10. Question 10 of 10

    10. Question

    1 points

    A scheduled bank is one that is listed in the ______of RBI Act, 1934.

    • 5th schedule
    • 4th schedule
    • 3rd schedule
    • 2nd schedule
    • 1st schedule
    Correct
    

    Incorrect
    

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Banking Notes for all Competitive exams