Banking Awareness January 2020 Quiz

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Banking Awareness January 2020 Quiz

Introduction

The article Banking Awareness Quiz includes Banking Awareness January 2020 Quiz with an explanation, analysis, and issues of current events in the month. And these quizzes will help in the Competitive Exams like IBPS, RBI Grade B, SBI PO, RRB and other banking examinations.

Quiz

Banking Awareness January 2020 Quiz - 31st

Q1. Who presented the first Union budget of independent India?

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Q2. What is the minimum Capital Adequacy ratio to be maintained by payment banks in India?

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Q3. ______ is a fixed amount that is received or paid at regular intervals for a specified period.

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Q4. As per RBI mandate, banks may choose any benchmark market interest rate published by FBIL for linking of their loan products. What is 'I' in FBIL?

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Q5. Government has decided to infuse Rs __________ crore in IDBI Bank to work out as bailout money for the bank

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Q6. _______ is a product for which demand increases as the price increases and falls when the price decreases.

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Q7. Which of the following small finance bank of India recently proposed issuing shares of the bank to its shareholders without cash consideration?

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Q8. Bank of Baroda has planned to raise capital up to Rs ___________ crore through tier-II bonds for meeting capital adequacy norms for the newly merged entity.

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Q9. The maximum incentive that could be received as a Merchant on BHIM Aadhar Pay App is _________.

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Q10. RBI, recently declined ________ request to extend listing deadline for small finance bank.

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Q11. The Nainital bank is a subsidiary of ____________.

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Q12. Which of the following term is used to define a period of time when someone goes without insurance coverage?

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Q13. What is the function of Authorised Money Changers?

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Q14. What was the initial corpus with which Rural Infrastructure Development Fund was set up?

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Q15. What is the Capital to Risk- weighted Assets Ratio (CRAR) to be maintained by Indian Banks under Basel III norms?

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Q16. Which of the following is a competitive market situation where there are many sellers, but they are selling heterogeneous (dissimilar) goods?

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Q17. Automated Teller Machines (ATMs) set up, owned and operated by non-bank entities are called _____________ ATMs.

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Q18. Insurance premiums cannot be paid by ________

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Q19. Reserve Bank has identified four broad areas for targeted policy intervention to improve the existing payments system. Which of the following is not among them?

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Q20. Which among the following is true about ‘Perpetual Bond’?

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Q21. SBI recently offered MUDRA loans to Kerala broiler farmers. What is the maximum Loan limit under MUDRA?

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Q22. There are basically _____ principles that govern the insurance.

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Q23. “Sar utha ke jiyo” is a tagline of _______________.

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Q24. In FY-20, NBFCs are expected to grow by __________, as per Ratings agency India Ratings.

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Q25. Insurance regulator IRDAI formed a working group to revisit norms on trade credit insurance. Where is the headquarters of IRDAI situated?

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Q26. State Bank of India has planned to sell ______ percent stake in SBI Life Insurance for ₹ 3465 Crore.

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Q27. __________, recently came out with new ATM withdrawal charges, to be revised from October 1.

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Q28. IDBI Bank announced its decision to launch co-branded credit card with which of the following organisation?

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Q29. Recently, RBI Panel under the chairmanship of _______ has recommended that an intermediary be set up under the National Housing Bank (NHB).

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Q30. ______ ,recently rationalised MDR for RuPay debit card deals.

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Banking Awareness January 2020 Quiz - 30th

Q1. Which of the following is not one of the quantitative measures of credit control used by Reserve Bank of India?

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Q2. Which of the following ratio shows the amount of currency that people hold as a proportion of aggregate deposits?

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Q3. Which of the following authorities appoint Banking Ombudsman?

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Q4. The Bank of Rajasthan was merged with which of the following banks?

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Q5. Addition of Product taxes and deduction of product subsidies from GVA basic prices will provide

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Q6. ____________panel of the RBI has recommended that the revised economic capital framework will be reviewed every five years.

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Q7. Government, along with three other mergers has decided to merge Canara Bank and Syndicate Bank making it _________ largest bank entity.

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Q8. Which of the following is/are TRUE regarding Shares in the capital market?

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Q9. Which of the following term denotes a currency which is hyper-sensitive and fluctuates frequently often with political & economic situations?

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Q10. Acc. to Finance Ministry, GST collection up ______% in August at ₹98,202 crore.

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Q11. As per recent notification by NPCI ,MDR has been revised to 0.30% with a maximum cap of ₹100 per transaction. 'D' in MDR stands for__________.

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Q12. RBI has extended deadline for PPIs to become full KYC complaint, from ________months to________ months.

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Q13. Which bank recently tied up with TATA AIG insurance for a diverse range of general insurance policies benefiting the bank’s customers?

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Q14. Samsung India tied up with Mastercard and which other banks in India for mobile payments?

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Q15. Which of the following bank says to you, “Apno ka Bank”?

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Q16. In which of the following payment system(s) is the user required to provide Indian Financial System Code (IFSC) during transactions?

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Q17. ___________ is long-term unemployment caused by the decline of certain industries and changes in the production process.

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Q18. Which of the following can act as Issuing and Paying Agent for the issuance of Commercial Paper?

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Q19. Which of the following entities recently announced the establishment of the first global green bond fund?

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Q20. CMO is a generic term for a security backed by real estate mortgages. ‘O’ in CMO stands for____________.

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Q21. ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. ‘C’ in ECS stands for?

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Q22. Which of the following facility/service is NOT available in a White Label ATM?

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Q23. As per the RBI annual report, Banking fraud cases have witnessed a rise by over how much percentage (approx.) in FY-19 over FY-18?

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Q24. Which organisation recently underwent an agreement with Steel Users Federation of India for the launch of steel futures?

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Q25. SBI ,recently raised up to Rs _____ Crore By Issuing Basel-III-Compliant Bonds.

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Q26. ICAAP is a process which helps banks in India to assess the capital requirement under BASEL norms. What is ‘I’ in ICAAP?

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Q27. The “India Microfinance Equity Fund” is operated through ___________.

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Q28. Who among the following is/are eligible for opening a Fixed Deposit in a bank?

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Q29. Among the following which are the Indian credit bureaus?

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Q30. Which of the following option is INCORRECT regarding Treasury Bills?

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Banking Awareness January 2020 Quiz - 29th

Q1. RBI has bought _____ crore of long-term securities in fourth special open market operation and has sold Rs 2950 crore of short term bonds.

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Q2. Who among the following is appointed as the Managing Director of the State Bank of India (SBI)?

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Q3. Who among the following has been appointed as the managing director and chief executive officer (MD & CEO) of Bank of Baroda (BoB)?

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Q4. Who among the following has been appointed as the managing director and chief executive officer (MD & CEO) of Canara Bank?

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Q5. Who among the following has been appointed as the managing director and chief executive officer (MD & CEO) of Bank of India?

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Q6. Country’s largest private sector bank, ICICI bank has launched a Cardless cash withdrawal facility from its ATMs with a per-day transaction limit of _______.

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Q7. Which telecom company joins hands with Bharti AXA to provide Rs. 179 prepaid plan with life insurance of Rs 2 lakh

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Q8. The Reserve Bank of India (RBI) has canceled the Certificate of Authorisation of which Payment System Operator after it had voluntarily surrendered the authorization?

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Q9. The fund transfers through the NEFT system occurs in how many batches in 24 hours?

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Q10. What does M stand for in the recently launched ‘MANI’ app by RBI?

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Q11. Punjab National bank has been merged with which bank?

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Q12. According to RBI, the interest rate linked to an external benchmark has to be revised at least once in how many months?

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Q13. Which financial company has acquired the Essel Finance’s micro, small and medium enterprises (MSME) loan business in India?

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Q14. RBI has increased the timeline for the conversion of minimum KYC detail for prepaid payment instruments (PPIs) to full KYC compliant PPIs from 18 months to ______? the

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Q15. The RBI has appointed which bank as the lead convenor bank for the union territory of Ladakh?

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Q16. Who among the following has been appointed as the fourth deputy governor of the Reserve Bank of India?

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Q17. Who among the following has acquired DHFL General Insurance for around Rs 100 crore?

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Q18. The Reserve Bank of India (RBI) will now allow consumers to give an e-mandate for recurring payments made through Unified Payments Interface (UPI). The limit on such recurring transactions has been set at _______.

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Q19. The central govt in consultation with the Reserve Bank of India (RBI) has announced an increase in the authorized capital of which public sector bank from 15,000 crores to 25,000 crores?

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Q20. The Reserve Bank of India has recently revised the ‘Supervisory Action Framework’ of which category of banks?

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Q21. What is ‘first A’ stands for in GAAR?

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Q22. Where is the headquarter of National Bank for Agriculture and Rural Development (NABARD)?

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Q23. What is the maximum amount that can be remitted through Nepal Remittance Scheme?

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Q24. What is ‘first A’ stands for in DTAA(a tax law)?

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Q25. Who is the Chairman of National Bank for Agriculture and Rural Development (NABARD)?

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Q26. Union Government of India has renamed the Department of Divestment to DIPAM. What is ‘A’ stand for in DIPAM?

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Q27. What is the maximum amount that can be transfer through Immediate Payment Services(IMPS)?

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Q28. ___________ is the nodal agency to provide licenses to e-commerce companies(including foreign)?

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Q29. Which among these is the nodal agency for Unstructured Supplementary Service Data (USSD) Service?

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Q30. The International Development Association (IDA) is an arm

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Banking Awareness January 2020 Quiz - 28th

Q1. The fintech NBFCs should have less than ______ percentage of non-performing assets to be eligible for funding assistance.

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Q2. The Reserve Bank of India has introduced the changes in the Credit Authorisation Scheme of Credit based on the recommendation of _______.

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Q3. What is the maximum FDI limit in the Small Finance Banks?

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Q4. Interest Rates are the rates that banks offer to their depositors. Which among the following is NOT a factor for determining the interest rates?

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Q5. Index of Eight Core Industries doesn’t measure the performance of _______.

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Q6. EPFO is likely to appoint ______ as fund managers.

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Q7. Cash Reserve Ratio is maintained as a percentage of which of the following measures?

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Q8. Which of the following statements in context of Treasury Bills is not correct?

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Q9. As per the RBI guidelines, which among the following categories of loans could NOT be priced without reference to Base Rate?

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Q10. National Securities Depository Limited was established in which year?

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Q11. Recently, which bank has introduced the repo-linked lending rate for a home loan and vehicle loan?

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Q12. Special Drawing Rights refer to an international type of monetary reserve currency created by _______.

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Q13. Net National Product of an economy is the Gross National Product after deducting the loss due to _______

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Q14. Bandhan Bank has launched a co-branded credit card with ______ to offer complete services to its existing customers.

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Q15. ASBA is a supplementary process for applying to public issues. In ASBA, ‘B’ denotes

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Q16. A government panel headed by Akhilesh Ranjan has recommended cutting the corporate tax rate to _____ for all companies.

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Q17. Which among the following is a condition of slow economic growth and relatively high unemployment?

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Q18. National Housing Board will provide an additional liquidity support of ______ to HFCs.

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Q19. Which of the following is the tagline of Lakshmi Vilas Bank?

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Q20. Mumbai is the Headquarters of which of the following Banks?

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Q21. CAMELS is a rating system is a recognized international rating system. In CAMELS, ‘M’ denotes

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Q22. Which among the following is one of the trigger points of Prompt Corrective Action?

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Q23. What is the minimum maturity period of the loan under the Liberalised Remittance Scheme?

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Q24. _______ is a technology used to verify the legitimacy or originality of paper documents, especially Cheques.

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Q25. Monetary authorities of which of the following countries are members of the Asian Clearing Union (ACU)?

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Q26. ______has partnered with SAP Ariba for financial supply chain solutions.

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Q27. Which of the following authorities has power to regulate Infrastructure Debt Funds?

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Q28. ______ are held by a third-party bank, other than both banks who are doing the transactions.

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Q29. _______ is an online address unique to each customer which can be used instead of providing bank account every time.

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Q30. Which among the following services cannot be provided through Micro ATMs?

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Banking Awareness January 2020 Quiz - 27th

Q1. Which of the following Committee recommended for setting up of National Bank for Agriculture and Rural Development?

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Q2. Which of the following is the rate charged by the central bank for lending funds to a commercial bank?

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Q3. RBI launched an ombudsman scheme for digital payment under _________ section of the Payment and Settlement Systems Act, 2007.

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Q4. FRA is a contract between parties that determines the rate of interest to be paid. In FRA, ‘F’ denotes ______.

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Q5. What is the motif of ₹ 20 notes?

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Q6. APA gives certainty to taxpayers, reduce disputes and enhances tax revenues. What does ‘P’ denote in ‘APA’?

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Q7. ‘Where Service is a way of Life’ is the tagline of which of the following banks?

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Q8. Small Industries Development Bank of India is headquartered in _____.

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Q9. SBI Life Insurance and ______ have inked a bancassurance pact to offer holistic financial planning solutions.

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Q10. RBI has announced the plans for round-the-clock availability of ______ system from December 2019.

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Q11. In context of BASEL III Accords, what does LCR stands for______.

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Q12. ______ , recently got Scheduled Bank status.

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Q13. MICR is a nine-digit number printed on banking instruments such as a cheque or a demand draft, its first three digits denotes_________.

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Q14. National Small Saving is part of _______.

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Q15. Which of the following banks has a tagline ‘Let’s make money simple’?

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Q16. Which of the following committee recommended the formation of ‘Payments Bank’ in India?

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Q17. Support extended to limit production comes under which category of WTO?

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Q18. ______measures the amount of money flowing from one country to other countries over one monetary year.

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Q19. Which of the following is a component for calculating index ratio in the Inflation-indexed bonds?

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Q20. The Reserve Bank of India has sold its entire stake in NABARD and NHB to the government based on the recommendation of _____.

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Q21. What is the lock-in period of funds involved in Equity-linked Savings Scheme?

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Q22. _________by IDBI Bank is a first of its kind Mobile Money payment solution.

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Q23. Who appoints the Chairman of Finance Commission?

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Q24. RBI has increased the bank credit to NBFCs for on-lending to MSEs under Priority Sector Lending up to a limit of______ percentage of bank’s total PSL.

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Q25. The headquarters of National Payments Corporation of India (NPCI) is situated in _________.

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Q26. SARFAESI Act was enacted to identify and rectify the problem of NPAs. ‘R’ in SARFAESI stands for________.

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Q27. While exchanging the soiled notes, a person can be presented the maximum of ____ pieces with a maximum value of _____ per day respectively.

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Q28. The fund that can be invested exclusively in government securities is known as _______.

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Q29. Aditya Birla Health Insurance has entered into a bancassurance partnership with which among the following banks?

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Q30. Recently, the Confederation of Indian Industry unveiled FPI to assess the quality of Budgets. In FPI, ‘P’ denotes ______.

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Banking Awareness January 2020 Quiz - 26th

Q1. Which of the following accounts can be held in the form of current account only?

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Q2. QIP is a process that was introduced by SEBI so as to enable the listed companies to raise finance. What is ‘P’ in QIP?

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Q3. In the estimated spending of Union Budget, which of the following has the maximum share?

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Q4. As per the latest report by the World Gold Council (WGC), India holds world’s _______ largest Gold reserve in the world.

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Q5. What is the maximum investment limit of Senior Citizen Savings Scheme?

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Q6. In Bank Led Resolution Approach, the financial institutions should enter into an inter-creditor agreement to authorize the lead bank to implement a resolution plan in __________ days.

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Q7. What is the maximum limit of Foreign Direct Investment in Private banks under the automatic route?

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Q8. Which among the following is used to estimate the insurance risks and the premium of the policy?

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Q9. AU Small Finance Bank is headquartered in ______

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Q10. In the context of MUDRA Banks, which of the following statements is correct?

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Q11. The size of an Indian Depository Receipts issue shall not be less than _______.

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Q12. ‘Relationships beyond Banking’ is the tagline of which among the following banks?

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Q13. What is the minimum prescribed maturity period of Commercial Paper?

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Q14. In which year, National Financial Switch was taken over by National Payment National Payments Corporation of India from IDRBT?

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Q15. Which of the following is issued by a bank that guarantees the buyer’s payment to sellers would be received on time with the correct amount?

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Q16. Which among the following is not true about Payment Banks?

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Q17. FCNR(B) Account can be held in the form of a term deposit. What is the maximum term limit for those accounts?

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Q18. The Gross National Product after deducting the losses due to depreciation is known as _____.

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Q19. Recurring Deposit Account has a maximum deposit period of________ years.

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Q20. India’s first listed exchange ‘Multi Commodity Exchange of India Limited (MCX)’ offers trading in which of the following?

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Q21. Financial Stability and Development Council (FSCD) is chaired by _____.

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Q22. In banking, the lump sum paid at the end of a loan's term that is significantly larger than all of the payments made before it is called as______.

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Q23. The maximum maturity age of LIC Jeevan Anand policy is ______.

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Q24. What is the meaning of R in TReDS?

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Q25. Which of the following Public sector banks has signed agreement with Cholamandalam MS General Insurance?

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Q26. HDFC Life Insurance included in MSCI index. 'C' in MSCI stands for_____.

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Q27. Recently, RBI has slapped monetary penalty aggregating _________ on 11 banks for non-compliance with certain provisions of its directions on frauds classification.

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Q28. Special Non-Resident Rupee Account can be operated for a maximum period of ________ years.

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Q29. PNB Housing recently raised $75 million in ECB from which of the following banks?

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Q30. What is the minimum Capital Adequacy ratio to be maintained by small finance banks in India?

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Banking Awareness January 2020 Quiz - 25th

Q1. Who among the following is appointed as the Managing Director of the State Bank of India (SBI)?

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Q2. Who among the following has been appointed as the managing director and chief executive officer (MD & CEO) of Bank of Baroda (BoB)?

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Q3. Who among the following has been appointed as the managing director and chief executive officer (MD & CEO) of Canara Bank?

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Q4. Who among the following has been appointed as the managing director and chief executive officer (MD & CEO) of Bank of India?

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Q5. Country’s largest private sector bank, ICICI bank has launched a Cardless cash withdrawal facility from its ATMs with a per-day transaction limit of _______.

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Q6. Which telecom company joins hands with Bharti AXA to provide Rs. 179 prepaid plan with life insurance of Rs 2 lakh?

Answer

Q7. The Reserve Bank of India (RBI) has canceled the Certificate of Authorisation of which Payment System Operator after it had voluntarily surrendered the authorization?

Answer

Q8. Which financial company has acquired the Essel Finance’s micro, small and medium enterprises (MSME) loan business in India?

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Q9. The National Payments Corporation of India (NPCI) has launched the “Vajra Platform” to make payments fast & secure. The platform is based on which technology?

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Q10. To provide doorstep banking services, the South-Central Zone of the Indian Railways has signed an MoU with which of the following banks?

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Q11. Which Railway Zone of the Indian Railways has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) for ‘doorstep banking’?

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Q12. For which urban cooperative bank account holders the Reserve Bank of India (RBI) has restrict the cash withdrawals up to Rs. 35,000?

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Q13. Who among the following has been appointed as the fourth deputy governor of the Reserve Bank of India?

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Q14. Who among the following has acquired DHFL General Insurance for around Rs 100 crore?

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Q15. Multimodal supply chain solutions provider GEFCO has signed a five year deal with which company to strengthen its Digital Transformation worldwide?

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Q16. The Reserve Bank of India (RBI) will now allow consumers to give an e-mandate for recurring payments made through Unified Payments Interface (UPI). The limit on such recurring transactions has been set at _______.

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Q17. The central govt in consultation with the Reserve Bank of India (RBI) has announced an increase in the authorized capital of which public sector bank from 15,000 crores to 25,000 crores?

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Q18. The Reserve Bank of India has recently revised the ‘Supervisory Action Framework’ of which category of banks?

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Q19. Which public sector bank has announced the 'Residential Builder Finance with Buyer Guarantee' (RBBG) scheme?

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Q20. Name the Urban Cooperative bank got in-principle approval from RBI to become a Small Finance Bank (SFB)?

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Q21. What is the applicable limit for social infrastructure loans under priority sector?

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Q22. The Micro, Small and Medium Enterprises Development (MSMED) Act was passed in which year?

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Q23. In banking, what does ASCL stands for?

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Q24. A short term borrowing means borrowing of tenor up to but less than ________.

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Q25. The National Accreditation Board for Testing and Calibration Laboratories (NABL) is located in which city?

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Q26. What is the minimum age limit for opening BSBDA by banks for individuals?

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Q27. For a corporate to be eligible to issue CP the tangible net worth of the company should not be less than Rs. ________

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Q28. The headquarter of the Asian Clearing Union (ACU) is located in which country?

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Q29. What is the maximum limit of Indian currency that an Indian resident can bring back to India while returning from any place outside India?

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Q30. What are the processing or service charges applicable for inward NEFT transactions

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Banking Awareness January 2020 Quiz - 24th

Q1. Which bank has launched a co-branded ‘Small Business MoneyBack Credit Card’ for small traders in collaboration with CSC?

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Q2. A high-level panel led by former RBI governor Bimal Jalan was recently constituted regarding which of the following issue?

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Q3. ALM is concerned with strategic balance sheet management involving all market risks. ‘M’ in ALM stands for____________.

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Q4. G5 consists of the members of the International Monetary Fund whose currencies constitute the Special Drawing Rights. Which of the following is not among them?

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Q5. In which of the following years Reserve Bank Information Technology Private Limited (ReBIT) was found?

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Q6. This type of banking ensures direct transaction between a bank and its customers without intervention of any third party1) Retail banking

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Q7. In the National Financial Switch service, the limit per transaction is restricted to less than _________.

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Q8. The Legal Entity Identifier is a ______ digit code developed by the International Organization for Standardization.

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Q9. If the credit balance in a savings account has not operated for ten years, the amount should be transferred to which fund?

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Q10. Which among the following offers buyers’ credit and line of credit to foreign governments and banks?

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Q11. Which among the following is responsible for ensuring that housing finance companies in India are operated on sound health and financial standard?

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Q12. In case of increase in inflation, the purchasing power _________

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Q13. On what basis, the Index of Industrial Production is published by the Central Statistical Organization?

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Q14. Under the DRI Scheme, the maximum amount can be provided by banks at a concessional rate to the weaker sections is ________.

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Q15. OLTAS stands for which among the following?

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Q16. What are the maturity period and the fixed interest rate of Sovereign Gold Bond Scheme?

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Q17. QFI scheme was introduced by the government in consultation with RBI and SEBI. In QFI, ‘I’ represents ________.

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Q18. Which among the following is authorized by RBI to store rupee notes and coins?

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Q19. The Ombudsman Scheme for Non-Banking Financial Companies has introduced under which section of the Reserve Bank of India Act, 1934?

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Q20. The maximum amount of money that can be insured in case of a person holding money at different branches of a bank is –

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Q21. The practice of providing loans to unrelated individuals without going through the conventional channel of banks or any financial organization is known as –

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Q22. Maximum loan amount that can be provided against shares or debentures of any company is1) Rs 10 lakhs

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Q23. The interest rates on banks’ contribution to Rural Infrastructure Development Fund should be fixed by ________.

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Q24. An account of a bank holds with another bank in a foreign country in the foreign currency is known as ________.

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Q25. Which bank has waived the transaction charges of IMPS, NEFT and RTGS recently?

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Q26. Recently, the Reserve Bank of India has barred ________ from charging prepayment penalties or foreclosure charges.

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Q27. Who among the following cannot make a deposit in the Gold Monetization Scheme?

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Q28. MIBID is used to be calculated every day by which of the following organizations?

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Q29. The authorized capital of General insurance corporation of India is_____.

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Q30. What is the full form of “EMI” frequently used term in banking operations?

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Banking Awareness January 2020 Quiz - 23rd

Q1. Which among the following is India’s first full-fledged financial service app to integrate UPI for payment?

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Q2. The headquarter of Deutsche Bank is located in which country?

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Q3. What does E stands for in EMV chip cards?

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Q4. The New Development Bank came into force in which year?

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Q5. How many countries are the members of the Asian Development Bank?

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Q6. The International Monetary Fund was formed in which year?

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Q7. What is the full form of NRE Account?

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Q8. The World Bank has set the goals to end extreme poverty and promote shared prosperity by which year?

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Q9. The Payment and Settlement Systems Act was passed in which year?

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Q10. The Global Trust Bank merged with which bank in the year 2004?

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Q11. Which among the following accounts enables the customer to perform all transactions electronically?

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Q12. Which among the following terms means stopping the flow of the physical cheques issued by a drawer to the drawee branch?

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Q13. Which among the following is the owner of Unified Payments Interface (UPI)?

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Q14. Which of these countries is not a member of the New Development Bank?

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Q15. Which of the given financial institutions comes under Bretton Woods institutions

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Q16. Identify which of these is not a function of the International Monetary Fund?

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Q17. Which of these institutions provides interest-free loans and grants to governments of the poorest countries?

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Q18. The small accounts are initially valid for a period of how many months?

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Q19. How many banks were merged with the State Bank of India in the year 2017?

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Q20. Which among the given committees recommended to set up NABARD?

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Q21. The headquarter of MMTC-PAMP India Pvt. Ltd, India’s first and only LBMA Good Delivery Refinery accredited for Gold and Silver is based in which city?

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Q22. TDR is a method for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation. Expand TDR

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Q23. Which among the following is not true regarding Sovereign Gold Bond Scheme?

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Q24. Conversion of the token back to actual card details is known as ________

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Q25. What is the minimum number of free transactions allowed by banks in a month to customers for transaction at a bank’s own ATMs?

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Q26. The “Limiting Liability of Customers for Unauthorised Electronic Payment Transactions in Prepaid Payment Instruments (PPIs) issued by Authorised Non-banks” has came into effect from_____________

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Q27. What will be the maximum compensation payable by the Ombudsman for mental agony and harassment?

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Q28. In which of the following fund transfer system, the transactions received up to a particular time are processed in batches?

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Q29. If the fund is not credited to the beneficiary customers accounts for any reason, RTGS member banks will return the fund back to the originating bank within a maximum period of ______ hours

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Q30. What does R stands for in UTR with respect to fund transfer?

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Banking Awareness January 2020 Quiz - 22nd

Q1. To modernize Assam’s Ferry transport service on the Brahmaputra river the Government of Assam and Government of India has signed 88 million USD agreement with which organization?

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Q2. Which organisation of India publishes inflation rate?

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Q3. The Union Cabinet has approved a proposal to provide __________ viability gap funding for building a 1,656 km gas grid in the Northeast region.

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Q4. Export-Import Bank (Exim Bank) of India has given a ------ line of credit to Cuba for financing 75 MW Photovoltaic Solar Parks.

Answer

Q5. According to the International Monetary Fund (IMF), what will be the India’s economic growth forecast _______ for 2020?

Answer

Q6. To provide doorstep banking services, the South-Central Zone of the Indian Railways has signed an MoU with which of the following banks?

Answer

Q7. Which Railway zone of the Indian Railways has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) for ‘doorstep banking’?

Answer

Q8. Who among the following has been appointed as the fourth deputy governor of the Reserve Bank of India?

Answer

Q9. Which public sector bank has announced the 'Residential Builder Finance with Buyer Guarantee' (RBBG) scheme?

Answer

Q10. Bank of Baroda partnered with which state government to provide MSME loans?

Answer

Q11. Which bank has announced to launch a cobranded credit card in partnership with Indian Oil Corporation Ltd (IOCL)?

Answer

Q12. State Bank of India (SBI) has signed a loan agreement worth of ______ with KFW (Kreditanstalt für Wiederaufbau) German development bank for establishing an energy-efficient housing program in India.

Answer

Q13. Which financial company has launched India’s first corporate bond exchange-traded fund (ETF), called the Bharat Bond ETF?

Answer

Q14. Which General Insurance Company has launched My: health Woman Suraksha policy?

Answer

Q15. As per the new guidelines of the Reserve Bank of India for ‘on tap’ Licensing of Small Finance Banks (SFBs) in the Private Sector what is the minimum paid-up capital for setting up an SFBs?

Answer

Q16. As per the fifth bi-monthly monetary policy announced by the Reserve Bank of India (RBI) which of the following is repo rate and reverse repo rate under the liquidity adjustment facility?

Answer

Q17. Which of the following became the first company to list its commercial papers on the stock exchanges?

Answer

Q18. ICICI Lombard has been partnering with which Payments Bank to offer non-life insurance solutions to its customers?

Answer

Q19. In which of the following ports of India the world’s first CNG terminal will come?

Answer

Q20. Which of the following Small Finance Banks has launched an instant digital savings account (SA) along with Fixed Deposit (FD) and Privilege Savings Account to offer distinctive banking and digital services to its customers?

Answer

Q21. Which of the following is a swap?

Answer

Q22. Foreign Exchange Regulation Act (FERA) of 1947, was subsequently replaced by Foreign Exchange Regulation Act, __.

Answer

Q23. Who has written the book “Sachin: A Hundred Hundreds Now”?

Answer

Q24. Parliament enjoys the exclusive right to legislate on the subject contained in -

Answer

Q25. With which of the following sectors the Basel III norms are associated?

Answer

Q26. Which of the following term is associated with the game of cricket?

Answer

Q27. Receivables Exchange of India Ltd (RXIL) was established as a joint venture between_____.

Answer

Q28. Which of the following report is not released by the World Bank?

Answer

Q29. What is an FPO (Follow on Public Offering)?

Answer

Q30. Which cup/Trophy is associated with the game of Football?

Answer

Banking Awareness January 2020 Quiz - 21st

Q1. What does the letter ‘L’ denote in the term ‘LAF’ in the below mentioned options, as referred every now and then in relation to monetary policy of the RBI?

Answer

Q2. What does the term B2B denotes in E-commerce?

Answer

Q3. Which of the following statement is incorrect about the ‘Current Account’?

Answer

Q4. Brown Label ATMs are owned and maintained by

Answer

Q5. Masala Bond’ term is coined by which organization/institution?

Answer

Q6. Which type of Non-Banking financial Company(NBFC) receives deposits under any scheme or arrangement by government?

Answer

Q7. What is the minimum paid-up equity capital for small finance banks?

Answer

Q8. An account should be treated as ________ if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power.

Answer

Q9. Any loan for short duration crops is classified as NPA when the installment of principal or interest there on remains overdue for _____ crop seasons

Answer

Q10. Any loan for long duration crops is classified as NPA when the installment of principal or interest there on remains overdue for _____ crop seasons

Answer

Q11. Which of the following Bank linked their Interest Rates to RBI’s Repo Rate?

Answer

Q12. RBI imposed a penalty of ₹11.25 lakh on private sector lender ___ for violation of norms pertaining to issuance and operations of PPIs.

Answer

Q13. RBI Enhanced Housing-Loan Limits Under Priority Sector Lending for RRBs, SFBs. New limits for metropolitan centers is ___

Answer

Q14. The Reserve Bank of India’s data on deployment of gross credit across different sectors shows Bank credit grew by ___% in financial year 2018-19 as compared to 10.3% in the previous financial year.

Answer

Q15. The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Nainital Bank for ____

Answer

Q16. Which of the following Prime Minister of India served as Governor of RBI ?

Answer

Q17. Reserve Bank of India has released a vision document ‘Payment and Settlement Systems in India: Vision 2019 – 2021’, with its core theme ____

Answer

Q18. Training Establishment of RBI, National Institute of Bank Management ( NIBM ) is an Indian institution for research, training and consultancy in banking and finance. It is headquartered at ___ ?

Answer

Q19. All the directors of the Central Board of RBI are appointed by the Government of India for a period of __ years.

Answer

Q20. The initial corpus of NABARD was ___ ?

Answer

Q21. PFRDA is responsible for appointment of various intermediate agencies such as___

Answer

Q22. Which among the following is not the Objective of NHB ?

Answer

Q23. Rita Teotia is the Chairman of ____ ?

Answer

Q24. SIDBI operates under the ______ Government of India ?

Answer

Q25. Who among the following was the first Indian Governor of RBI ?

Answer

Q26. The Reserve Bank of India (RBI) appointed Panel headed by _____ on ‘suggestions on promoting digital payment’?

Answer

Q27. What is the maximum limit for investing in the Sovereign Gold Bonds through cash mode?

Answer

Q28. A Systemically Important Core Investment Company (CIC-ND-SI) is a Non-Banking Financial Company with asset size of Rs ________ and above

Answer

Q29. What is the service charge levied on Inward transactions made through RTGS?

Answer

Q30. The amalgamation of an NBFC ‘A’ with NBFC/ entity ‘B’ requires prior written approval of ________

Answer

Banking Awareness January 2020 Quiz - 20th

Q1. Which among the following is India’s first full-fledged financial service app to integrate UPI for payment?

Answer

Q2. The headquarter of Deutsche Bank is located in which country?

Answer

Q3. What does E stands for in EMV chip cards?

Answer

Q4. The New Development Bank came into force in which year?

Answer

Q5. How many countries are the members of the Asian Development Bank?

Answer

Q6. The International Monetary Fund was formed in which year?

Answer

Q7. What is the full form of NRE Account?

Answer

Q8. The World Bank has set the goals to end extreme poverty and promote shared prosperity by which year?

Answer

Q9. The Payment and Settlement Systems Act was passed in which year?

Answer

Q10. The Global Trust Bank merged with which bank in the year 2004?

Answer

Q11. Which among the following accounts enables the customer to perform all transactions electronically?

Answer

Q12. Which among the following terms means stopping the flow of the physical cheques issued by a drawer to the drawee branch?

Answer

Q13. Which among the following is the owner of Unified Payments Interface (UPI)?

Answer

Q14. Which of these countries is not a member of the New Development Bank?

Answer

Q15. Which of the given financial institutions comes under Bretton Woods institutions

Answer

Q16. Identify which of these is not a function of International Monetary Fund?

Answer

Q17. Which of these institutions provides interest-free loans and grants to governments of the poorest countries?

Answer

Q18. The small accounts are initially valid for a period of how many months?

Answer

Q19. How many banks were merged with the State Bank of India in the year 2017?

Answer

Q20. Which among the given committees recommended to set up NABARD?

Answer

Q21. The headquarter of MMTC-PAMP India Pvt. Ltd, India’s first and only LBMA Good Delivery Refinery accredited for Gold and Silver is based in which city?

Answer

Q22. TDR is a method for controlling land use to complement land-use planning and zoning for more effective urban growth management and land conservation. Expand TDR

Answer

Q23. Which among the following is not true regarding Sovereign Gold Bond Scheme?

Answer

Q24. Conversion of the token back to actual card details is known as ________

Answer

Q25. What is the minimum number of free transactions allowed by banks in a month to customers for transaction at a bank’s own ATMs?

Answer

Q27. What will be the maximum compensation payable by the Ombudsman for mental agony and harassment?

Answer

Q28. In which of the following fund transfer system, the transactions received up to a particular time are processed in batches?

Answer

Q29. If the fund is not credited to the beneficiary customers accounts for any reason, RTGS member banks will return the fund back to the originating bank within a maximum period of ______ hours

Answer

Q30. What does R stands for in UTR with respect to fund transfer?

Answer

Banking Awareness January 2020 Quiz - 19th

Q1. Post merger of Bandhan Bank and Gruh Finance, the shareholders will get ________shares of Bandhan bank for every 1000 shares of Gruh Finance

Answer

Q2. Rajesh Yaduvanshi has recently been appointed as the Executive Director of which bank?

Answer

Q3. What is the full form of LAP in banking?

Answer

Q4. What is the deadline set by CBDT to clear up all demonetisation-related cases?

Answer

Q5. Who is the current Economic Affairs Secretary and Finance Secretary of India?

Answer

Q6. Which among the following Indian banks has been ranked as India’s best bank for customer satisfaction, according to Forbes World’s Best Banks’ survey for India?

Answer

Q7. A loan made by a financial institution usually in the form of bonds issued in foreign currencies and sold to government of a developing or emerging nation is known as________

Answer

Q8. Which of the following is a feature of the Barter system transaction?

Answer

Q9. The concept of Special Economic Zone (SEZ) was introduced by which country?

Answer

Q10. What is the full form of REER with respect to exchange rate?

Answer

Q11. Bandipur National Park is located in which State?

Answer

Q12. What does MIGS stands for?

Answer

Q13. The best way to save the banks from loss is -

Answer

Q14. Fresh evaluation of every item of expenditure from the very beginning of each financial year is called-

Answer

Q15. What is the currency of Kyrgyzstan?

Answer

Q16. Parker Solar Probe is also known as:-

Answer

Q17. Nagarjuna Sagarsrisailam tiger reserve is in which state?

Answer

Q18. The Insolvency and Bankruptcy Board of India (IBBI) has amended which of the following act recently?

Answer

Q19. The first attempt to calculate National Income of India was made by .................. in 1867 -68.

Answer

Q20. Deficit financing means that the government has borrowed money from the-

Answer

Q21. What is the full form of NSDL?

Answer

Q22. The Saubhagya Scheme of the Indian government is related with__________

Answer

Q23. What was the deadline set by RBI for all the banks to migrate the magnetic strip based ATM/Debit cards to EMV chip-and-PIN payment cards?

Answer

Q24. Which among the following acts as a controller of credit in India?

Answer

Q25. The pseudo-token “Learning Coin” has been launched by which organisations?

Answer

Q26. The rate at which RBI gives short term loan to commercial banks is known as_______

Answer

Q27. How many countries are members of Financial Action Task Force (FATF)?

Answer

Q28. The interest rate policy is related to which of the following?

Answer

Q29. The ‘NRI-Insta-Online’ paperless account opening facility has been launched by which bank for NRIs?

Answer

Q30. The money deposited in which of these accounts can be withdrawn without notice?

Answer

Banking Awareness January 2020 Quiz - 18th

Q1. For which urban cooperative bank account holders the Reserve Bank of India (RBI) has restrict the cash withdrawals up to Rs. 35,000?

Answer

Q2. Who among the following has been appointed as the fourth deputy governor of the Reserve Bank of India?

Answer

Q3. Who among the following has acquired DHFL General Insurance for around Rs 100 crore?

Answer

Q4. Multimodal supply chain solutions provider GEFCO has signed a five year deal with which company to strengthen its Digital Transformation worldwide?

Answer

Q5. The Reserve Bank of India (RBI) will now allow consumers to give an e-mandate for recurring payments made through Unified Payments Interface (UPI). The limit on such recurring transactions has been set at _______.

Answer

Q6. The central govt in consultation with the Reserve Bank of India (RBI) has announced an increase in the authorized capital of which public sector bank from 15,000 crores to 25,000 crores?

Answer

Q7. The Reserve Bank of India has recently revised the ‘Supervisory Action Framework’ of which category of banks?

Answer

Q8. Name the Indian banks which has decided to end their operations in Sri Lanka?

Answer

Q9. Name the Urban Cooperative bank got in-principle approval from RBI to become a Small Finance Bank (SFB)?

Answer

Q10. PNB MetLife India Insurance Company has partnered with which company to provide life insurance to its customers by fundling life insurance covers on their loans?

Answer

Q11. CSC e-Governance Services India Limited has signed a memorandum of understanding (MoU) with which bank for the sale of FASTags?

Answer

Q12. RBI launched ___________ Application for visually challenged people to Identify currency denomination?

Answer

Q13. Government of India has constituted a seven-member Group of Minister (GoM) to infuse how much amount to revive state-owned telecom corporations BSNL and MTNL?

Answer

Q14. The Ministry of Statistics and Programme Implementation has set up a single standing committee on economic statistics (SCES), who is the head of the committee?

Answer

Q15. Karnataka Vikas Grameena Bank (KVGB) signed a memorandum of understanding with which private company on solar lightening and livelihood solutions?

Answer

Q16. Finance Minister has launched which app for online auction of assets attached by banks?

Answer

Q17. Which Bank has launch OTP-based ATM cash withdrawal from January 1,2020?

Answer

Q18. What is the amount Asian Infrastructure Investment Bank (AIIB) has announced for irrigation and solar energy projects in India?

Answer

Q19. Which state owned bank will get fresh capital of Rs. 2,153 crores from the Central government?

Answer

Q20. The Reserve Bank of India (RBI) has increased the limits imposed on peer-to-peer lenders to _____.

Answer

Q21. When is Earth Day Celebrated?

Answer

Q22. What is an Open Market Operation ?

Answer

Q23. Expand the term IPR as used in the field of world trade -

Answer

Q24. “Pure Banking Nothing Else” is a tagline of which Bank ?

Answer

Q25. Julian Assange is the founder of _____ .

Answer

Q26. Who makes the formal announcement of General Elections in a state in India ?

Answer

Q27. Banks in our country normally publicise that additional interest rates will be allowed on retail domestic term deposits of _________

Answer

Q28. What does F stands for in the abbreviation of NIRF?

Answer

Q29. When is World Youth Skills Day celebrated?

Answer

Q30. Pooram is a festival celebrated in which state?

Answer

Banking Awareness January 2020 Quiz - 17th

Q1. Expand “FINO”:

Answer

Q2. Expand “ NEFT”

Answer

Q3. Banking Ombudsman” means a person :

Answer

Q4. Bid – Ask Price “ is :

Answer

Q5. Hundi “ is a:

Answer

Q6. The right of set-off customers account can be exercised only by:

Answer

Q7. Banking Industry has been declared as public utility service for purpose of:

Answer

Q8. Cash drawings under Kisan cards can be permitted at:

Answer

Q9. Which section of Banking Regulation Act 1949 give Power to the Reserve Bank to give directions?

Answer

Q10. Currency Chest is the property of :

Answer

Q11. Urban Co-operative Banks (UCBs) with deposit size of ________ and above have been mandated by RBI to constitute Board of Management (BoM).

Answer

Q12. What is the total amount that can be loaded in the new type of semi-closed Prepaid Payment Instrument (PPI) introduced by RBI during the financial year?

Answer

Q13. IFSC Banking Units (IBUs) can accept fixed deposits in foreign currency of tenor less than ______ year from non-bank entities.

Answer

Q14. What is the maximum aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms?

Answer

Q15. What is the name of additional collateralized intra-day liquidity facility provided to member banks by RBI due to introduction of NEFT settlements, on 24×7 basis?

Answer

Q16. In case of special Self Help Groups i.e. groups in the difficult areas, groups with disabled persons, and groups formed in remote tribal areas, this number may be a minimum of _____ persons.

Answer

Q17. RRBs are required to maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of _____ on an ongoing basis.

Answer

Q18. What is the opening time of RTGS?

Answer

Q19. What is the limit for On-lending by NBFCs for ‘Term lending’ component under Agriculture?

Answer

Q20. What is the limit for On-lending by NBFC for Micro & Small enterprises?

Answer

Q21. What is the minimum interval at which banks can pay interest on savings bank accounts?

Answer

Q22. What is the total Priority Sector lending target for Foreign banks in India with less than 20 branches for the financial year 2019-20?

Answer

Q23. Flipkart Gift Cards, Amazon Gift Cards are examples of which type of PPI?

Answer

Q24. The difference between Repo Rate and Reverse Repo Rate is known as________

Answer

Q25. The assets which does not disclose any problems and does not carry more than normal risk attached to the business is known as_______

Answer

Q26. The Ombudsman Scheme for Digital Transactions, 2019 came into force on_______

Answer

Q27. Which among the following banks did not merge with the State Bank of India?

Answer

Q28. What is the current base year to calculate the Index of Industrial Production (IIP)?

Answer

Q29. Identify the incorrect statement regarding equity

Answer

Q30. Which of these accounts cannot be held by a person in the bank where he already has ‘Basic Savings Bank Deposit Account’?

Answer

Banking Awareness January 2020 Quiz - 16th

Q1. Mixed Banking is the system in which banks undertake activities of _______ and investment banking together.

Answer

Q2. Which among the following types of account can be opened under NRO?

Answer

Q3. ___________ is known as the difference between the outflow and inflow of foreign currency:

Answer

Q4. Bank branches are established under ____________ of Banking Regulations Act, 1949.

Answer

Q5. National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up under the______________.

Answer

Q6. What is the full form of ICICI bank?

Answer

Q7. What is D in BSBDA?

Answer

Q8. What is the minimum number of free withdrawals through ATMs in BSBDA?

Answer

Q9. A fiscal deficit occurs

Answer

Q10. Currency Chest is the property of :

Answer

Q11. Which of the given statements is not correct?

Answer

Q12. Identical prices prevail in which type of market system?

Answer

Q13. Which of these is not a type of Prepaid Payment Instruments (PPI)?

Answer

Q14. Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified and approved for each new period. The ZBB concept was introduced in which country?

Answer

Q15. The ING Vyasa Bank has merged with which among the following banks?

Answer

Q16. The excess of total revenue expenditure of the government over its total revenue receipts is known as__________

Answer

Q17. Which among the following is the largest stock exchange in the world?

Answer

Q18. Devaluation of a country’s currency ________

Answer

Q19. The headquarter of the IndusInd Bank Limited is in which city?

Answer

Q20. MMTC-PAMP India is first and only refinery in India to be accredited by LBMA for Gold and Silver. What does LBMA stands for?

Answer

Q21. How many countries are the members of the World Bank currently?

Answer

Q22. Ravneet Gill has taken over as the MD-CEO of which bank?

Answer

Q23. What shall be the aggregate investment limit under the ‘Voluntary Retention Route’ (VRR) scheme for Foreign Portfolio Investors (FPIs) to invest in Government securities (VRR Govt)?

Answer

Q24. How many Domestic Systemically Important Banks (D-SIBs) are currently identified by RBI?

Answer

Q25. The USD/INR Buy/Sell swap auction tool has been introduced by the RBI for______

Answer

Q26. The YONO App of SBI will help customers withdraw money from ATM without the need of card. What will be the maximum number of transaction that a person can make in a day using this facility?

Answer

Q27. SBI has announced to use the repo rate of RBI as a benchmark to set the savings deposit interest rates and interest rates for short-term loans. However, the savings accounts with amount less than ___________ will be exempted from this new rate

Answer

Q28. The One Nation, One Card for transport mobility was officially launched in which city of India by PM Modi?

Answer

Q29. Which among the following banks has won the Best Bank Award from the Tamil Nadu government for meeting the needs of women’s self-help groups (SHGs)?

Answer

Q30. David R. Malpass is the current President of which organisation?

Answer

Banking Awareness January 2020 Quiz - 15th

Q1. The Union Cabinet has approved a proposal to provide __________ viability gap funding for building a 1,656 km gas grid in the Northeast region.

Answer

Q2. Export-Import Bank (Exim Bank) of India has given a ………………………………. line of credit to Cuba for financing 75 MW Photovoltaic Solar Parks.

Answer

Q3. According to the International Monetary Fund (IMF), what will be the India’s economic growth forecast _______ for 2020?

Answer

Q4. What is the age range to be eligible for enrolling in NPS (National Pension Scheme)?

Answer

Q5. What is increased coverage amount of the ‘Micro Bachat’ plan which was earlier 1 lakh?

Answer

Q6. Which of the following institutions has agreed to provide $100 million to India’s National Investment and Infrastructure Fund’s (NIIF) that aims to raise about $1 billion to invest in up to 10 private equity funds?

Answer

Q7. For which urban cooperative bank account holders the Reserve Bank of India (RBI) has restricted the cash withdrawals up to Rs. 35,000?

Answer

Q8. Who among the following has been appointed as the fourth deputy governor of the Reserve Bank of India?

Answer

Q9. Who among the following has acquired DHFL General Insurance for around Rs 100 crore?

Answer

Q10. Multimodal supply chain solutions provider GEFCO has signed a five year deal with which company to strengthen its Digital Transformation worldwide?

Answer

Q11. The Reserve Bank of India (RBI) will now allow consumers to give an e-mandate for recurring payments made through Unified Payments Interface (UPI). The limit on such recurring transactions has been set at _______.

Answer

Q12. The fund transfers through the NEFT system occurs in how many batches?

Answer

Q13. On December 11, 2019, Asian Development Bank (ADB) has lowered India’s Gross Domestic Product (GDP) growth forecast to _______ from 6.5% of previous estimate for the current financial year-FY 2019-20.

Answer

Q14. Which of the following Public Sector Companies has signed a memorandum of understanding (MoU) with Saudi Aramco for the development of Micro, Small and Medium Enterprises (MSME) sector in India in Oil & Gas Sector?

Answer

Q15. Which financial service company has partnered with Thailand Tourism Authority (TAT) to tap more tourists from India & enable digital payments?

Answer

Q16. On which of the following banks the Reserve Bank of India has imposed a monetary penalty of Rs. 1.50 crore for non-compliance with certain provisions of directions issued by RBI?

Answer

Q17. The RBI expanded the scope of the SNRR account by permitting non-residents to open such accounts for rupee-denominated overseas borrowings, trade credit and trade invoicing for popularising cross-border transactions in the domestic currency. What does ‘S’ stand for in SNRR?

Answer

Q18. Which General Insurance Company has launched My: health Woman Suraksha policy?

Answer

Q19. As per the new guidelines of the Reserve Bank of India for ‘on tap’ Licensing of Small Finance Banks (SFBs) in the Private Sector, what is the minimum paid-up capital for setting up an SFBs?

Answer

Q20. Which lending platform has entered into a co-origination agreement with the State Bank of India (SBI) to provide widened credit outreach and faster disbursal?

Answer

Q21. The Difference between Gross Domestic Product and Net Domestic Product is

Answer

Q22. Where is the headquarter of the Asian Development Bank (ADB) located?

Answer

Q23. Travellers Cheque is__________.

Answer

Q24. What is the objective of the introduction of ‘Marginal Standing Facility’ by RBI?

Answer

Q25. In which of the following accounts, operation by cheques is permitted?

Answer

Q26. The primary function of a central co-operative bank is to –

Answer

Q27. The main foreign exchange reserves in the country are: –

Answer

Q28. Which of the following Acts has especially been enacted to help banks deal with bad loans?

Answer

Q29. What does FSDC stand for?

Answer

Q30. Which of the following fall under the qualitative method of credit control adopted by the Reserve bank of India?

Answer

Banking Awareness January 2020 Quiz - 14th

Q1. What is the main objective of Minimum Support Price?

Answer

Q2. What is the maximum deposit limit that can be made in a PPF account in any given financial year?

Answer

Q3. Where is the Headquarters of UCO Bank?

Answer

Q4. Which country is not a member of “ASEAN”?

Answer

Q5. Which entity has surpassed State Bank of India (SBI) for the first time, in terms of market capitalization?

Answer

Q6. How many countries are the member of United Nation?

Answer

Q7. What does letter 'L' denotes in CAMELS ratings?

Answer

Q8. If Reserve Bank of India reduces the Bank Rate, what will be its impact?

Answer

Q9. Wholesale Banking is a banking services between ______________ and other financial institutions.

Answer

Q10. Which of the following measures the efficiency of the current assets and liabilities in a particular period?

Answer

Q11. The ownership right of a company remains ____________.

Answer

Q12. NEFT was in news recently, what does ‘E’ stands for ________.

Answer

Q13. From when, Reserve Bank of India (RBI) has decided to allow the National Electronic Funds Transfer (NEFT) services to be active 24×7?

Answer

Q14. Which bill is not accepted under the Bharat Bill Payment system (BBPS)?

Answer

Q15. The Securitization Act does not covers ________:

Answer

Q16. Name the stock exchanges, which have received permission from the Securities and Exchange Board of India (SEBI) to operate jointly in Gujarat International Finance Tec (GIFT) City under the proposed programme ‘Connect’.

Answer

Q17. Where is the headquarters of Corporation Bank?

Answer

Q18. What is the tagline of Indian Bank?

Answer

Q19. What is needed for creating demand?

Answer

Q20. ‘PIN’ in Smart Card is called _________:

Answer

Q21. In which year, ICICI Ltd along with UTI had set up CRISIL as India's first professional credit rating agency?

Answer

Q22. The Nedungadi Bank was the first private sector bank in India, founded in 1899 by Rao Bahadur T.M. Appu Nedungadi in ________.

Answer

Q23. Book “The Problem of the Rupee – Its origin and its solution” is written by _______.

Answer

Q24. Which bank is not regulated by RBI?

Answer

Q25. When was the India Post Payments Bank incorporated?

Answer

Q26. When did the regional rural banks start functioning in India?

Answer

Q27. The main food grain of India is _____.

Answer

Q28. Who among the following has resigned as deputy governor of the Reserve Bank of India six months before the end of his term for “personal reasons”?

Answer

Q29. In which of the following year NEFT was introduced in India?

Answer

Q30. Which act has been replaced by the Consumer Protection Bill, 2019 that seeks to establish authorities for timely and effective administration and settlement of consumer disputes?

Answer

Banking Awareness January 2020 Quiz - 13th

Q1. PAN number is required for all transactions above-

Answer

Q2. Mutual Fund Scheme that operates continuously without any limit entry for subscriptions and redemption is-

Answer

Q3. Banking Industry has been declared as public utility service for purpose of

Answer

Q4. At Present, What is the maximum amount that a payment bank can accept from a depositor?

Answer

Q5. Foreign exchange reserves of India are kept in the custody of which of the following?

Answer

Q6. 1936, The issued/paid-up capital of a Regional Rural Bank should be –

Answer

Q7. An account which is maintained by depositing undistributed parts of profit for future needs is known as ________

Answer

Q8. Goods and Service Tax, would replace which of the following taxes levied at present?

Answer

Q9. Where is the headquarter of the Insurance Regulatory and Development Authority (IRDA)?

Answer

Q10. Which of the following is a financial ratio that gives a measure of a company‘s ability to meet its financial losses?

Answer

Q11. IFSC in a cheque means:

Answer

Q12. The announcement of Bank holidays on 2nd and 4th Saturday will be effective from-

Answer

Q13. Which committee is heading the conversion of Urban Cooperative Banks into Regular Banks?

Answer

Q14. Which of the following is not the function of Payment bank?

Answer

Q15. When the conversion rate of our currency goes high in compared to other currency, it is known as-

Answer

Q16. NEFT is useful because:-

Answer

Q17. Maximum age for retirement for MD/CEO of all private banks is__________

Answer

Q18. What does AGM stand for in business?

Answer

Q19. Which among the following is at times mentioned as a kind of Direct Debit Facility?

Answer

Q20. Which term refers closure of the loan account prior to the tenure fixed for the account?

Answer

Q21. Choose the correct pair which comes under LAF -

Answer

Q22. Government issues securities to maintain money flow and to raise short term funds which one is not government security?

Answer

Q23. How much FDI is permitted for E-commerce sector in India?

Answer

Q24. If a bank is not able to recover its loan and advances it is called:

Answer

Q25. In context with RBI, OLTAS was introduced in which year?

Answer

Q26. MICR code is a 9 digits numeric code, it represents:

Answer

Q27. NDRF stands for:

Answer

Q28. RBI issued guidelines to Know Your Customer (KYC), which is not a necessary document to complete KYC?

Answer

Q29. The highest denomination note ever printed by the Reserve Bank of India was-

Answer

Q30. Which country is the second-largest mobile phone producer in the world?

Answer

Banking Awareness January 2020 Quiz - 12th

Q1. India’s total foreign exchange (Forex) reserves stand at around US$453 billion as on 06 December 2019. The Foreign exchange of India is kept with _________

Answer

Q2. Which of the following instruments is not a Negotiable Instrument, as per NI Act, 1881?

Answer

Q3. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a minimum of _______

Answer

Q4. One of the State Government avails of a temporary financial assistance from Reserve Bank of India. This type of finance is called _______?

Answer

Q5. Which of the following forms of securing a loan is the safest one?

Answer

Q6. When banks accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as-?

Answer

Q7. Which of the following public sector banks has celebrated it centenary year in 1965?

Answer

Q8. The primary function of a central co-operative bank is-?

Answer

Q9. Which of the following Bank in 2012 has celebrated its 30th year of continuous service?

Answer

Q10. Which of the following organizations/agencies works solely to monitor and arrange flow of agriculture credit in India?

Answer

Q11. The RBI has decided to stop circulation of the coin of which of the following denominations from June 2011?

Answer

Q12. Insurance companies in India are regulated by-?

Answer

Q13. Department of Economic Affairs is part of which of the following Ministry?

Answer

Q14. The currency notes of which of the following denominations are not printed in India?

Answer

Q15. Union Budget which is presented every year in the parliament is also known as-?

Answer

Q16. Basel Norms are associated with -

Answer

Q17. How Many Countries are the member of World Bank?

Answer

Q18. If there is a lack of money supply in comparison to the supply of goods and services, then the possible consequence would be ______________.

Answer

Q19. Marginal cost is dependent upon________.

Answer

Q20. The best indicator of economic development of any country is __________.

Answer

Q21. The holidays for the banks are declared according to which act?

Answer

Q22. What do you mean by a non-performing asset?

Answer

Q23. What is the Minimum Capital Requirement to open Small Finance Banks?

Answer

Q24. RBI has imposed banking restrictions on PMC bank in September. What is the full form of PMC?

Answer

Q25. How much additional installment of Dearness Allowance and Dearness Relief has approved by the Union Cabinet?

Answer

Q26. Foreign Exchange Regulation Act (FERA) of 1947, was subsequently replaced by Foreign Exchange Regulation Act, __________.

Answer

Q27. Which country is the world’s largest consumer of almonds?

Answer

Q28. “Pure Banking Nothing Else” is a tagline of which Bank?

Answer

Q29. Disinvestment means-

Answer

Q30. Economic planning is an important feature of _________.

Answer

Banking Awareness January 2020 Quiz - 11th

Q1. Which financial company has launched India’s first corporate bond exchange-traded fund (ETF), called the Bharat Bond ETF?

Answer

Q2. Which Bank has announced the reduction in its marginal cost of fund-based lending rate (MCLR) by 10 basis points across all one-year products?

Answer

Q3. The Securities and Exchange Board of India (SEBI) has doubled the minimum investment limit for clients of Portfolio Management Services to _______.

Answer

Q4. Which of the following became the first company to list its commercial papers on the stock exchanges?

Answer

Q5. Name the Non-Banking Finance Company (NBFC) which has acquired the Mutual Fund (MF) business worth Rs. 215 crores of IDBI Bank?

Answer

Q6. On November 20, 2019, the Union Cabinet has approved the strategic disinvestment for how many Central Public Sector Enterprises?

Answer

Q7. On 20th November 2019, the Reserve Bank of India (RBI) has superseded the board of which of the following housing finance companies as it "intends to shortly" initiate the process of insolvency?

Answer

Q8. The Ministry of Statistics and Programme Implementation (MOSPI) is considering changing of base year for GDP calculation from 2011-12 to ______

Answer

Q9. ICICI Lombard has been partnering with which Payments Bank to offer non-life insurance solutions to its customers?

Answer

Q10. For which state’s Integrated and Sustainable Water Resources Management Investment Program the Government of India has signed USD 91 million loans with Asian Development Bank (ADB)?

Answer

Q11. In which of the following ports of India the world’s first CNG terminal will come?

Answer

Q12. As per the Sample Registration System (SRS) Bulletin-2016, released on November 07, 2019, the Maternal Mortality Ratio (MMR) in India has decreased by _____ since 2013.

Answer

Q13. The Reserve Bank of India has increased the household income limits for borrowers of Non-Banking Financial Companies (NBFCs) and microfinance institutions (MFIs) from 1 lakh to ____.

Answer

Q14. Which of the following insurance companies has launched ‘Farmitra’ mobile app?

Answer

Q15. Which of the following rating agencies has lowered the outlook on the government of India's ratings to ‘negative’ from ‘stable’?

Answer

Q16. The Reserve Bank of India (RBI) has imposed a fine of Rs 5 lakh on which prepaid payment instrument?

Answer

Q17. Name the product that has been allocated a separate Harmonized System (HS) code by the Union Government to give an impetus to the export of it?

Answer

Q18. Which of the following Small Finance Banks has launched an instant digital savings account (SA) along with Fixed Deposit (FD) and Privilege Savings Account to offer distinctive banking and digital services to its customers?

Answer

Q19. Name the Application unveiled by the Finance Minister Nirmala Sitharaman that will facilitate hassle-free and faster clearance by Customs at the airports and enhance the experience of international tourists and other visitors at the airports?

Answer

Q20. Name the insurance firm which has received the in-principle approval from insurance regulator IRDAI to act as a direct insurance broker?

Answer

Q21. ______________is the distribution of insurance products and the insurance policies of insurance companies by banks as corporate agents through their branches

Answer

Q22. ________is the rate of interest on which banks base their lending rates. Usually loans are given at a rate higher than the this rate and saving rate is below the this rate

Answer

Q23. ______________ is an account that can be opened generally for business purposes with no restrictions on withdrawals and no interest paid

Answer

Q24. What is the purpose of SIDBI?

Answer

Q25. ____________is the amount of funds that a bank keeps with the Reserve Bank of India

Answer

Q26. _________is a loan that is made for a very short period of a few days only with a low rate of interest

Answer

Q27. ________________are loans given by a bank on which repayments or interest payments are not being made on time

Answer

Q28. ___________ is the amount of Funds borrowed by the government to meet the expenditures.

Answer

Q29. In EPL, “L” stands for _________

Answer

Q30. UNL stands for _____________

Answer

Banking Awareness January 2020 Quiz - 10th

Q1. What is the full form of STT?

Answer

Q2. Which was the first Mutual Fund started in India _______?

Answer

Q3. Kisan Credit Cards (KCC) Scheme was formulated in the year:

Answer

Q4. When were banknotes in the Mahatma Gandhi Series introduced?

Answer

Q5. ”Ways and Means” advances are provided by Reserve Bank of India only to:

Answer

Q6. When a cheque is drawn on a bank, the bank is called the _______?

Answer

Q7. Balance in a current account is classified as ________.

Answer

Q8. For opening a new branch, a Regional Rural Bank requires _________.

Answer

Q9. Which of the following appears in the balance sheet of a company?

Answer

Q10. How many mints in India produce coins?

Answer

Q11. FIMMDA‘s general principles and procedures are applicable to _________?

Answer

Q12. Cash Reserve Ratio (CRR) is to be maintained on Net Demand and Time Liabilities (NDTL). SLR is thus required to be maintained on ________?

Answer

Q13. The main foreign exchange reserves in the country are:-

Answer

Q14. Which of the following type of budgeting being used in India?

Answer

Q15. The tax levied by Local Governments i.e. Municipal Corporations and municipalities is _______.

Answer

Q16. For which of the following bank account there is no deduction of TDS?

Answer

Q17. What is the full from of AMFI?

Answer

Q18. IFSC in a cheque means:-

Answer

Q19. Safe deposit locker – a product offered in the Indian retail banking segment under: –

Answer

Q20. New and re-issuable currency notes are stored in _____________maintained by the banks as agents of Reserve Bank of India.

Answer

Q21. Which of the following committees/ Task Forces was set up to suggest reforms in Banking Sector?

Answer

Q22. What is the full form of the term REITs?

Answer

Q23. Entry Load is a term associated with which of the following?

Answer

Q24. What is the headquarters of Canara Bank?

Answer

Q25. The full form of BBPS is-

Answer

Q26. Which committee recommended the universal banking concept?

Answer

Q27. Reserve Bank of India was nationalized in:-

Answer

Q28. Which is the first Indian company to be listed in NASDAQ ?

Answer

Q29. Monetary Policy of RBI does not include ______?

Answer

Q30. National Council of Applied Economic Research (NCAER) is located in _______

Answer

Banking Awareness January 2020 Quiz - 9th

Q1. Banking Regulation Act 1949, does not at all apply to-

Answer

Q2. A __________ is a loan in which property or real estate is used as collateral.

Answer

Q3. Banknotes can be issued in any denominations but coins can be issued up to what denomination?

Answer

Q4. Reserve Bank of India has raised the microloan limits to ensure a higher flow of funds to the economically weaker section. The regulator has raised the household income limit for availing microloans while enhanced the lending limit to Rs _____________ lakh per eligible borrower from Rs 1 lakh earlier.

Answer

Q5. RBI issued its first banknote in January 1938 bearing the portrait of George IV. What was its denomination?

Answer

Q6. Bank holidays under Section 25 of the Negotiable Instruments Act, 1881 are declared by?

Answer

Q7. The tax payer’s data flows directly from banks to Tax Information Network (TIN). Who maintains TIN?

Answer

Q8. Which of the following is not included in CAMELS?

Answer

Q9. When were banknotes in the Mahatma Gandhi Series introduced?

Answer

Q10. Ways and Means advances are provided by Reserve Bank of India only to-

Answer

Q11. Consider these statements:- Statement I: RBI decides the volume and value of banknotes be printed. Statement II: RBI decides the volume and value of coins be minted.

Answer

Q12. The individual who is named in the cheque for getting the payment is known as?

Answer

Q13. Which type of accounts is very popular among companies, firms, public enterprises, businessmen who generally have a higher number of regular transactions with the bank?

Answer

Q14. Capital adequacy is worked out based on?

Answer

Q15. In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?

Answer

Q16. What is the meaning of “I” promise to pay‘clause written on notes?

Answer

Q17. What is the name of technology given to the recently introduced computerized clearance of cheques?

Answer

Q18. To enforce law and order Government of India has many agencies. SFIO is one of them. SFIO stands for

Answer

Q19. MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an ECS. What is full form of ECS?

Answer

Q20. Consider these statements:- Statement I: One rupee notes is the liability of GOI. Statement II: Two rupee note is the liability of RBI

Answer

Q21. We can open a saving bank account in the sole name of a minor if he completes age of _____?

Answer

Q22. In SNRR Account, SNRR stands for ________.

Answer

Q23. What is the purpose of KYC in banking?

Answer

Q24. When Reserve Bank intends to increase credit by the banking system, it

Answer

Q25.Tagline of Bank of Baroda

Answer

Q26. Normally banks accept fixed Deposits for a maximum period of:

Answer

Q27. _____________is a short term and unsecured promissory notes issued by corporations with very high credit standing?

Answer

Q28. Which of the following is not a tool in the hands of RBI to control the inflationary pressure in the country?

Answer

Q29. When was the Financial Market Department was established by RBI?

Answer

Q30. In which year does the Differential Rate of Interest Scheme was introduced?

Answer

Banking Awareness January 2020 Quiz - 8th

Q1. PNB MetLife India Insurance Company has partnered with which company to provide life insurance to its customers by fundling life insurance covers on their loans?

Answer

Q2. RBI launched ___________ Application for visually challenged people to Identify currency denomination?

Answer

Q3. Government of India has constituted a seven-member Group of Minister (GoM) to infuse how much amount to revive state-owned telecom corporations BSNL and MTNL?

Answer

Q4. The Ministry of Statistics and Programme Implementation has set up a single standing committee on economic statistics (SCES), who is the head of the committee?

Answer

Q5. Karnataka Vikas Grameena Bank (KVGB) signed a memorandum of understanding with which private company on solar lightening and livelihood solutions?

Answer

Q6. Finance Minister has launched which app for online auction of assets attached by banks?

Answer

Q7. Which Bank has launch OTP-based ATM cash withdrawal from January 1,2020?

Answer

Q8. Federal Bank has partnered with online real estate platform _______ for listing and e-auctioning of immovable properties repossessed by the bank in recovery proceedings.

Answer

Q9. What is the amount Asian Infrastructure Investment Bank (AIIB) has announced for irrigation and solar energy projects in India?

Answer

Q10. The Reserve Bank of India (RBI) has increased the limits imposed on peer-to-peer lenders to _____.

Answer

Q11. Which state owned bank will get fresh capital of Rs. 2,153 crores from the Central government?

Answer

Q12. The fund transfers through the NEFT system occurs in how many batches?

Answer

Q13. Nippon which acquires additional 21.54% stake in Reliance Nippon Life Asset Management is a company of which country?

Answer

Q14. RBI rejects merger of which two banks?

Answer

Q15. A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE) will be implemented through which bank?

Answer

Q16. The SWIFT international payment network is one of the largest financial messaging systems in the world of USA, as equivalent to that CIPS is of which country?

Answer

Q17. Bank of Baroda partnered with which state government to provide MSME loans?

Answer

Q18. What does P stand for in STP?

Answer

Q19. According to the International Monetary Fund (IMF), what will be the India’s economic growth forecast _______ for 2020?

Answer

Q20. What is the age range to be eligible for enrolling in NPS (National Pension Scheme)?

Answer

Q21. Which of the following agreement/accord is related to baking reforms?

Answer

Q22. What is the meaning of KYC in banking/financial sector?

Answer

Q23. What is full form of STT?

Answer

Q24. Which was the first Mutual Fund started in India _______?

Answer

Q25. Where is the headquarters of Bureau of Indian Standards (BIS)?

Answer

Q26. The regulator for Mutual Funds in India is?

Answer

Q27. If the Statuary Liquidity Ratio (SLR) is increased, what will be the effect on Bank‘s credit situation?

Answer

Q28. Kisan Credit Cards (KCC) Scheme was formulated in the year-

Answer

Q29. What is the full form of “CIN” with respect to OLTAs?

Answer

Q30. The components of Tier-I capital of a banking company include:

Answer

Banking Awareness January 2020 Quiz - 7th

Q1. Who prepares the national income estimates in India?

Answer

Q2. What is the current SLR?

Answer

Q3. First five-year plan in India was from ___________.

Answer

Q4. National Development Council was constituted on:

Answer

Q5. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in ___________.

Answer

Q6. The nationalisation of RBI was done in __________.

Answer

Q7. Where was the first mint was established?

Answer

Q8. By which of the following NBFC are regulated?

Answer

Q9. How many mints in India produce coins?

Answer

Q10. What is the highest rate of GST?

Answer

Q11. Who is elected as the President of the Asian Development Bank (ADB)?

Answer

Q12. Which of the following bill is passed by Parliament to set up a unified authority to regulate all financial services in India?

Answer

Q13. The Seventh Economic Census is being conducted nationwide and is expected to be completed by March 2020. When the first Indian Economic Census was started?

Answer

Q14. Recently, State Bank of India has announced a reduced 1-year marginal cost-based lending rates by _________.

Answer

Q15. Recently, Reserve Bank has increased the household income limits for borrowers of Non-Banking Financial Companies (NBFCs) and microfinance institutions (MFIs) from 1 lakh to __________.

Answer

Q16. Where is the headquartes of Asian Development Bank?

Answer

Q17. Recently, Walmart launched a co-branded credit card in partnership with which bank?

Answer

Q18. Ursula von der Leyen has taken charge as the President of which of the following international organizations?

Answer

Q19. In which of the following year NEFT was introduced in India?

Answer

Q20. The Securitization Act does not covers ________:

Answer

Q21. Recently, India has announced India a line of credit of appx __________ as financial assistance to Sri Lanka.

Answer

Q22. ‘AIBEA’ was recently in news what is the full form of ‘AIBEA’?

Answer

Q23. Which of the following has tightened the rules around resignations of auditors from listed companies?

Answer

Q24. Which of the following is not comprised in India’s Foreign Exchange Reserves?

Answer

Q25. Which of the following financial institutions conducts the auction of Treasury Bills of varying maturities?

Answer

Q26. On which day the Central GST and State GST authorities have organized a nationwide GST Stakeholder Feedback Diwas on New GST Returns?

Answer

Q27. Recently, Bharosa Saving Accounts is launched by which of the following Payments Banks?

Answer

Q28. Recently, RBI has approved the merger of 13 District Cooperative Banks with state cooperative banks of which state?

Answer

Q29. The Institute of Chartered Accountants of India has signed an MoU with the _________ to offer technical training programs to employees of the government, nationals, and members of the organization.

Answer

Q30. Which of the following has organized the Startup India Global Venture Capital Summit?

Answer

Banking Awareness January 2020 Quiz - 6th

Q1. Reserve Bank of India borrows money from commercial banks at ____ rate.

Answer

Q2. Suvidha Prepaid Card has been launched by which of the following banks?

Answer

Q3. The credit card scheme, Simply Click, was launched by ______.

Answer

Q4. Wave N Pay, a contact-less card was launched by____________.

Answer

Q5. Recently ________ has launched IRA 2.0, the advanced version of interactive humanoid for customer service in Bengaluru.

Answer

Q6. What is E in SARFAESI?

Answer

Q7. MCLR stands for _____ Cost of Funds based Lending Rates.

Answer

Q8. India Licensing Expo (ILE) 2018, most influential brand licensing show was held in ________.

Answer

Q9. Electoral Bonds can be purchased from specified branches of :

Answer

Q10. FICCI is the largest and oldest apex business organisation in India. The Head Office of FICCI is located at _________.

Answer

Q11. The RBI is authorized to issue notes with face values of up to ₹_______ and coins up to ₹1,000 rupees.

Answer

Q12. The old series of ₹1,000 and ₹500 notes were demonetized from midnight on which date?

Answer

Q13. How many banks were merged in 1921 to form the Imperial Bank of India?

Answer

Q14. Which of the following bank plays an important part in the Development Strategy of the Government of India?

Answer

Q15. The period between 1906 and 1911 saw the establishment of banks inspired by the _____- movement.

Answer

Q16. From which year, Shaktikanta Das, who was the finance secretary with the Government of India, begins his journey as the new RBI Governor?

Answer

Q17. With the second round of nationalization, the Government of India controlled around how many percents of the banking business of India?

Answer

Q18. Arundhati Bhattacharya became the first woman to be appointed Chairperson of the which bank?

Answer

Q19. SBI acquired the control of seven banks in __________.

Answer

Q20. In which year, The State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank were merged with State Bank of India?

Answer

Q21. What is the upper limit of RTGS transactions?

Answer

Q22. When was the India Post Payments Bank incorporated?

Answer

Q23. When did the regional rural banks start functioning in India?

Answer

Q24. The main food grain of India is _____.

Answer

Q25. The ownership right of a company remains ____________.

Answer

Q26. What is needed for creating demand?

Answer

Q27. ‘PIN’ in Smart Card is called _________:

Answer

Q28. The Securitization Act does not covers ________:

Answer

Q29. Who among the following has resigned as deputy governor of the Reserve Bank of India six months before the end of his term for “personal reasons”?

Answer

Q30. In which of the following year NEFT was introduced in India?

Answer

Banking Awareness January 2020 Quiz - 5th

Q1. According to the International Monetary Fund (IMF), what will be the India’s economic growth forecast _______ for 2020?

Answer

Q2. What is the age range to be eligible for enrolling in NPS (National Pension Scheme)?

Answer

Q3. Which of the following institutions has agreed to provide $100 million to India’s National Investment and Infrastructure Fund’s (NIIF) that aims to raise about $1 billion to invest in up to 10 private equity funds?

Answer

Q4. Which of the following companies has launched the ‘Audible Suno app’ in India?

Answer

Q5. What edition of the Economic Census which is the first digital census was launched in New Delhi on December 13th, 2019?

Answer

Q6. As on November 1, 2019 what amount of loan has been sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY)?

Answer

Q7. Union Home Ministry has sanctioned a sum of rupees _________from Nirbhaya Fund for setting up and strengthening of Women Help Desks in Police Stations of States and Union Territories (UT).

Answer

Q8. Finance Minister has launched which app for online auction of assets attached by banks?

Answer

Q9. Which Bank has launch OTP-based ATM cash withdrawal from January 1,2020?

Answer

Q10. Federal Bank has partnered with online real estate platform _______ for listing and e-auctioning of immovable properties repossessed by the bank in recovery proceedings.

Answer

Q11. The Reserve Bank of India (RBI) has increased the limits imposed on peer-to-peer lenders to _____.

Answer

Q12. The fund transfers through the NEFT system occurs in how many batches?

Answer

Q13. Nippon which acquires additional 21.54% stake in Reliance Nippon Life Asset Management is a company of which country?

Answer

Q14. RBI rejects merger of which two banks?

Answer

Q15. What does P stand for in STP?

Answer

Q16. What is the full form of CIRP?

Answer

Q17. Which of the following services cannot be availed through AEPS?

Answer

Q18. Which General Insurance Company has launched My: health Woman Suraksha policy?

Answer

Q19. As per the new guidelines of the Reserve Bank of India for ‘on tap’ Licensing of Small Finance Banks (SFBs) in the Private Sector what is the minimum paid-up capital for setting up an SFBs?

Answer

Q20. National Thermal Power Corporation Limited has signed a term loan agreement of Rs. 5000 crore with which of the following banks to part finance the capital expenditure of NTPC?

Answer

Q21. Insurance companies in India are regulated by –

Answer

Q22.The primary function of a central co-operative bank is to-

Answer

Q23. Union Budget which is presented every year in the parliament is also known as-

Answer

Q24.When the conversion rate of our currency goes high in compared to other currency , it is known as-

Answer

Q25. Which of the following banks is not nationalized in 1969___________

Answer

Q26. In which city the Bank of International Settlements (BIS) located?

Answer

Q27. When it comes to money market instruments,which among the following is not true?

Answer

Q28. The difference between the total cost of a project and the sanctioned loan amount is termed as___________

Answer

Q29. The capital markets regulatory authority has supervision over-

Answer

Q30. Goods and Service Tax, would replace which of the following taxes levied at present?

Answer

Banking Awareness January 2020 Quiz - 4th

Q1. SIDBI stands for _______

Answer

Q2. When SIDBI was established?

Answer

Q3. If any cheque issued by a holder does not get withdrawn from the bank till three months, then it is called

Answer

Q4. What is the purpose of SIDBI?

Answer

Q5. Which is a subsidiary set up for speedier resolution of Non-Performing Assets (NPA) in the MSME sector?

Answer

Q6. The right of set-off customers account can be exercised only by a______?

Answer

Q7. What is an acronym for GVA?

Answer

Q8. When was Commercial Paper (CP) introduced in India for the first time?

Answer

Q9. P- Note (Participatory Note) in India are issued on the recommendation of

Answer

Q10. What is ‘T’ stand for in the MTSS which is a term often seen in the banking sector news?

Answer

Q11. _______is financial institution through which promoter / promoter groups will be permitted to set up a new bank.

Answer

Q12. SIDBI was formed to promote ________.

Answer

Q13. How many member nations are there in the Bank for International Settlements (BIS)?

Answer

Q14. What is the purpose of reduction in Cash Reserve Ratio (CRR)?

Answer

Q15. The first insurance company was started in India in 1818 at__________.

Answer

Q16. The headquarters of International Monetary Fund is___________.

Answer

Q17. When more than one bank is allowing credit facilities to one party in coordination with each other under a formal arrangement, the arrangement is generally known as___________.

Answer

Q18. What does LAF stands for?

Answer

Q19. A commercial bank is designated as a lead bank in each ______ of the country.

Answer

Q20. Which of the following is not managed by RBI for India?

Answer

Q21. Name of the bank which first time introduce the merchant banking in India is__________.

Answer

Q22. Largest Public Sector Bank in India is___________.

Answer

Q23. Name of the commission which distributes the taxes between center and states____________.

Answer

Q24. Which of the following will set up core banking infrastructure for rural banks__________.

Answer

Q25. UNCTAD stands for____________.

Answer

Q26. Where are four regional centres of RBI located?

Answer

Q27.On 2-10-1975, which types of banks were established___________.

Answer

Q28. EXIM means_________.

Answer

Q29. EXIM bank offers credit and lines of credit(LOC) to____________.

Answer

Q30. National Housing Bank was established on____________.

Answer

Banking Awareness January 2020 Quiz - 3rd

Q1. The Reserve Bank of India (RBI) issued revised guidelines for ‘on tab’ licensing of small finance banks (SFB). The minimum _________ net worth is needed for the license of small finance bank.

Answer

Q2. Who is the head of Code for Responsible Lending (CRL) committee set up by RBI?

Answer

Q3. Under Pradhan Mantri Jan Dhan Yojana accidental insurance cover for new RuPay card holders to be raised from Rs 1 lakh to:

Answer

Q4. NPS account can be opened by Indian citizens above the age of:

Answer

Q5. ‘AIBEA’ was recently in news what is the full form of ‘AIBEA’?

Answer

Q6. Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the _________.

Answer

Q7. Which of the following is the Central bank of India?

Answer

Q8. The Indian banking sector is broadly classified into _______ and ________ banks.

Answer

Q9. Who was C. D Deshmukh?

Answer

Q10. Repo rate is decided by __________.

Answer

Q11. Who prepares the national income estimates in India?

Answer

Q12. What is the current SLR?

Answer

Q13. First five-year plan in India was from ___________.

Answer

Q14. National Development Council was constituted on:

Answer

Q15. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in ___________.

Answer

Q16. The nationalisation of RBI was done in __________.

Answer

Q17. Where was the first mint was established?

Answer

Q18. By which of the following NBFC are regulated?

Answer

Q19. How many mints in India produce coins?

Answer

Q20. What is the highest rate of GST?

Answer

Q21. The Financial Stability Report (FSR) determines the risks to financial stability of a country as well as the issues relating to development and regulation of the financial sector. The FSR is released by which organisation in India?

Answer

Q22. Based on the latest Financial Stability Report, the PCR of all Scheduled commercial banks’ (SCBs) rose in September 2019 as compared to March 2019. Expand PCR

Answer

Q23. CRAR is the ratio of a bank’s capital to its risk. What does it stands for?

Answer

Q24. RBI has created CRILC for strengthening offsite supervision and early recognition of financial distress. What is the full form of CRILC?

Answer

Q25. SMA is an account that has the potential to become an NPA/Stressed Asset. What does SMA denotes?

Answer

Q26. India’s CAD narrowed at US$ 6.3 billion as per the preliminary data on India’s Balance of Payments (BoP) for the second quarter (July-September) of 2019-20. Expand the CAD.

Answer

Q27. The data regarding the India’s International Investment Position (IIP) is released by?

Answer

Q28. As per the RBI’s recent “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”, what should be the minimum net worth requirement of the entity?

Answer

Q29. RBI has capped the aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms to

Answer

Q30. LCR=[High quality liquid asset amount (HQLA)/Total net cash flow amount] over a 30-day stress period. LCR stands for?

Answer

Banking Awareness January 2020 Quiz - 2nd

Q1. Pradhan Mantri Awas Yojana (PMAY) is an initiative by Government of India in wch affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. It was launched in ________.

Answer

Q2. Under which of the following methods of depreciation, amount of depreciation varies every year?

Answer

Q3. In which year, a new rupee symbol '₹', was officially adopted in India?

Answer

Q4. Expansion of ASEAN is-

Answer

Q5. Who among the following has written the book named ‘Indian Economy: Gandhian Blue print”?

Answer

Q6. Scheduled bank refers to a bank:

Answer

Q7. As per Basel III, which of the following is a part of Operational Risk:

Answer

Q8. What is the name of crypto currency, which will be launched by Facebook in 2020?

Answer

Q9. Disinvestment means to reduce the government's share in the ______.

Answer

Q10. In case a cheque is torn into two or more pieces and presented for payment, such a cheque is called _________.

Answer

Q11. Which bank was placed under the Prompt Corrective Action (PCA) Framework by Reserve Bank of India (RBI) due to reasons like high net NPA (Non-Performing Assets)?

Answer

Q12. Which country’s Central bank has released three coins (100, 1000 and 2500 denomination) bearing the Sikh symbol to commemorate 550th Birth Anniversary of Guru Nanak Dev?

Answer

Q13. What is term money?

Answer

Q14. Which of the following is not a method of measuring National Income?

Answer

Q15. Which of the following is related to Money Market?

Answer

Q16. Which two countries has signed agreements worth Rs. 2,400 crore to boost trade ties in the field of rubber, construction material, food and beverages, logistics?

Answer

Q17. Which of the following products/articles hold maximum weightage in WPI?

Answer

Q18. Which of the following instrument is defined under negotiable instrument act?

Answer

Q19. SEBI act 1992 empowers SEBI with ____________ power.

Answer

Q20. National Bank for Agriculture and Rural Development (NABARD) was established in?

Answer

Q21. Foreign Exchange Regulation Act (FERA) of 1947, was subsequently replaced by Foreign Exchange Regulation Act, __________.

Answer

Q22. “Pure Banking Nothing Else” is a tagline of which Bank?

Answer

Q23. The first attempt to calculate National Income of India was made by _____________ in 1867 -68.

Answer

Q24. What does MIGS stands for?

Answer

Q25. What is the full form of SECC?

Answer

Q26. Recently, the governing council meeting of National Investment and Infrastructure Fund (NIIF) was chaired by Union Finance Minister Nirmala Sitharaman in New Delhi. When the NIIF India’s first sovereign wealth fund was set up by government of India?

Answer

Q27. “Mukhya Mantri Kanya Sumangala Yojana” will provide Rs 15,000 to every family where a girl child is born. This scheme is launched by which state?

Answer

Q28. Which of the following has tightened the rules around resignations of auditors from listed companies?

Answer

Q29. Which of the following company has become the first company in India to hit the market capitalisation (m-cap) of Rs.9 lakh crore?

Answer

Q30. Payment banks can apply for conversion into small finance banks (SFB) after ______________ of operations.

Answer

Banking Awareness January 2020 Quiz - 1st

Q1. The Reserve Bank of India (RBI) has increased the limits imposed on peer-to-peer lenders to _____.

Answer

Q2. The fund transfers through the NEFT system occurs in how many batches?

Answer

Q3. Nippon which acquires additional 21.54% stake in Reliance Nippon Life Asset Management is a company of which country?

Answer

Q4. RBI rejects merger of which two banks?

Answer

Q5. A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE) will be implemented through which bank?

Answer

Q6. The SWIFT international payment network is one of the largest financial messaging systems in the world of USA, as equivalent to that CIPS is of which country?

Answer

Q7. Bank of Baroda partnered with which state government to provide MSME loans?

Answer

Q8. What does P stand for in STP?

Answer

Q9. What is the full form of CIRP?

Answer

Q10. The nationwide campaign, ‘Team Cashless India’ to accelerate the acceptance and adoption of digital payments in India has been initiated by which company?

Answer

Q11. Which of the following tech-based companies has partnered with Accelerated Growth of New India’s Innovations (AGNIi) to support the development of sustainable innovations and technologies across industries?

Answer

Q12. Which of the following Public Sector Companies has signed a memorandum of understanding (MoU) with Saudi Aramco for the development of Micro, Small and Medium Enterprises (MSME) sector in India in Oil & Gas Sector?

Answer

Q13. Who is appointed as an Additional Director of Dhanlaxmi Bank?

Answer

Q14. Which of the following health insurance companies has an innovative Cancer Protect Cover health insurance plan in partnership with MobiKwik?

Answer

Q15. On December 04, 2019, Indian Prime Minister Mr. Narendra Modi Launched RuPay Card in which of the following countries via video conferencing?

Answer

Q16. From December 1, 2019 all lanes of free plazas on national highways will be 'FASTag lanes'. The FASTag is based on which technology?

Answer

Q17. National Thermal Power Corporation Limited has signed a term loan agreement of Rs. 5000 crore with which of the following banks to part finance the capital expenditure of NTPC?

Answer

Q18. Which General Insurance Company has launched My: health Woman Suraksha policy?

Answer

Q19. On November 23, 2019, India First Life Insurance, a leading life insurance company in India has partnered with which financial services provider, for distribution and marketing of ‘insurance khata’?

Answer

Q20. According to the latest Economic Outlook 2019 released by Organisation for Economic Co-operation and Development (OECD), what is the World GDP growth for the year 2020?

Answer

Q21. Base rate calculation can be made by banks __________. a. As per the method suggested by RBI. b. As per their own method. c. As per method suggested by RBI but modified by banks. d. If banks adopt their own method, it should be consistent.

Answer

Q22. Under Pradhan Mantri Jan Dhan Yojana life insurance is managed by ____________.

Answer

Q23. Bombay Stock Exchange was established in the year _________.

Answer

Q24. The Definition of ‘Banking’ is given in _________.

Answer

Q25. When Repo Rate is reduced by RBI, it leads to -

Answer

Q26. Real Interest Rate, is an interest rate that is adjusted for _______.

Answer

Q27. The Securitization Act does not covers:

Answer

Q28. The Reserve bank of India was set up under the recommendation of which of the following commissions?

Answer

Q29. How much amount is given as monthly pension to the beneficiaries after attaining the age of 60 years under Pradhan Mantri Shram Yogi Maan-Dhan?

Answer

Q30. Among the following, which one is not a credit rating agency operating in India?

Answer

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