Banking Awareness Quiz – Set 51 – Miscellaneous – 10 Ques

Banking Awareness Quiz – Set 51

Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions are most important for banking and insurance exams. The question asked in the Banking Awareness section are based both on static banking and that to current banking in news. These Banking Awareness sets will guide you in all banking exams like IBPS Clerk, IBPS PO, SBI Clerk, SBI PO, RRB Clerk and PO and other exams. So attempt all the sets now.

Number of Questions: 10

  1. What is the limit of collateral­–free agriculture loans provided by banks?
    A) Rs 1.8 lakh

    B) Rs 1 lakh
    C) Rs 2 lakh
    D) Rs 1.6 lakh
    View answer
    Option D
    Explanation:
    The Reserve Bank of India has increased the collateral­–free agriculture loans from Rs 1 lakh to Rs 1.6 lakh.
  2. What is the current SLR rate?
    A) 19.00%

    B) 19.25%
    C) 19.50%
    D) 19.75%
    View answer
    Option B
  3. The Ujjivan Small Finance Bank Limited is licensed under Section of the Banking Regulation Act, 1949
    A) Section 37

    B) Section 28
    C) Section 22
    D) Section 35
    View answer
    Option C
    Explanation:
    Ujjivan Small Finance Bank Limited is a bank licensed under Section 22 of the Banking Regulation Act, 1949 to carry out small finance bank business in India.
  4. FDIC is a deposit insurance company of which country?
    A) United Kingdom

    B) Russia
    C) France
    D) United States
    View answer
    Option D
    Explanation:
    The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions. 
  5. India’s first sentiment index for micro and small enterprises (MSEs) has been developed by which company jointly with SIDBI?
    A) CIBIL

    B) ICRA
    C) CARE
    D) CRISIL
    View answer
    Option D
    Explanation:
    CriSidEx is India’s first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL and SIDBI
  6. Which bank has launched ‘The ONE’ premium savings account especially for upwardly-mobile male customers?
    A) ICICI Bank

    B) HDFC Bank
    C) Axis Bank
    D) Yes Bank
    View answer
    Option A
  7. What is the full form of SEZ in banking?
    A) Static Economic Zone

    B) Special Economic Zone
    C) Strategic Economic Zone
    D) Specific Economic Zone
    View answer
    Option B
  8. The Liability of Customers in Unauthorised Electronic Payment Transactions through Prepaid Payment Instruments (PPIs) in-case of system generated error, will be zero, if the customer reports the same to the issuer within ________ days
    A) 1 day

    B) 7 days
    C) 3 days
    D) 14 days
    View answer
    Option C
  9. What is the rate of interest provided on National Savings Certificate for first quarter of 2019?
    A) 8.0%

    B) 7.7%
    C) 8.7%
    D) 7.0%
    View answer
    Option A
  10. In LCR what does C denotes?
    A) Capital

    B) Cash
    C) Credit
    D) Coverage
    View answer
    Option D
    Explanation:
    Liquidity Coverage Ratio (LCR)

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