Dear PaGaLGuY readers,
We are presenting you a Banking Awareness quiz, which will be helpful in your study. In Banking Exams questions related to Banking are frequently asked in General Awareness sections.
So please give your answers in the comments section, we will publish the correct answers soon.
1. Recently, Reserve Bank of India (RBI) in its
monetary policy review has increased the limit for foreign exchange (FOREX)
remittances under Liberalised
Remittance Scheme (LRS) from $125,000 to ______ per person per year.
(1) $ 250,000
(2) $ 200,000
(3) $ 270,000
(4) $ 275,000
(5) $ 265,000
2. Recently, Reserve Bank of India (RBI) has constituted a high-powered
panel on urban cooperative banks (UCB) which will be headed by _____?
(1) Urjit Patel
(2) SS Mundra
(3) Ananad Sinha
(4) R Gandhi
(5) Deepak Parekh
3.
_____is an e-commerce solution of National
Payments Corporation of India (NPCI)?
(1) Master card
(2) Visa card
(3) RuPay card
(4) Kpay Card
(5) None of these
4.
According to Reserve Bank of India norms,
what is the minimum capital required for foreign banks to open subsidaries in
India?
(1) Rs 100 Crore
(2) Rs 200 Crore
(3) Rs 500 Crore
(4) Rs 1000 Crore
(5) Rs 1000 Crore
5. What is the maximum amount to be invested in
Public Provided Fund (PPF)?
(1) Rs 1 lakh
(2) Rs 1.5 lakh
(3) Rs 2 Lakh
(4) Rs 2.5 lakh
(5) Rs 3 lakh
6. What is the minimum amount to be invested in National
Saving Certificate (NSC)?
(1) Rs 50
(2) Rs 100
(3) Rs 500
(4) Rs 1000
(5) Rs 200
7. The rate at which RBI borrows money from the
banks is known as:
(1) Repo Rate
(2) Reverse Repo Rate
(3) Cash Reserve Ratio
(4) Statutory Liquidity Ratio
(5) None of these
8. Under which act
does RBI issue directives to banks?
(1) PMLA Act, 2002
(2) RBI Act, 1934
(3) DICGC Act, 1961
(4) Banking Regulation Act, 1949
(5) Negotiable
Instrument Act, 1881
9. RTGS and NEFT are
schemes started by Reserve Bank of India which allow account holders in the
banks to electronically transfer
the funds intra-bank. Both schemes use ______ to transfer the funds from one
bank to another.
(1) UTR Number
(2)
MICR
(3) IFSC
(4) DNS
(5) None of these
10. All commercial banks calculated interest on
savings bank account on_____?
(1) Minimum balance during the month
(2) Minimum balance from 7th to last day of the month
(3) Minimum balance from 10th to last day of the month
(4) Maximum balance during the month
(5) Daily product basis
Answers:
Qs 1 (1) Qs 2(4) Qs 3 (3) Qs 4 (3) Qs 5 (2)
Qs 6 (2) Qs 7 (2) Qs 8 (4) Qs 9 (3) Qs 10 (5)