Banking Awareness Quiz – Set 52 – Miscellaneous – 10 Ques

Banking Awareness Quiz – Set 52

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Number of Questions: 10

  1. Under the PM-KISAN scheme, farmers with cultivable land of upto 2 hectares will be provided with income support of __________ by government per year
    A) Rs 2,000
    B) Rs 6,000
    C) Rs 5,000
    D) Rs 3,000
    View answer
    Option B
  2. In TDS, S stands for_____________
    A) Source

    B) Sum
    C) Salary
    D) Service
    View answer
    Option A
    Explanation:
    TDS stands for tax deducted at source
  3. What  is the contribution of the central government towards the National Pension System (NPS)?
    A) 12%

    B) 10%
    C) 14%
    D) 18%
    View answer
    Option C
    Explanation:
    The central government’s contribution to the National Pension System (NPS) will be increased to 14 per cent from the current 10 per cent.
  4. What is the FDI limit in insurance sector?
    A) 74%

    B) 26%
    C) 100%
    D) 49%
    View answer
    Option D
  5. The Insolvency and Bankruptcy Code came into force in which year?
    A) 2014

    B) 2016
    C) 2015
    D) 2012
    View answer
    Option B
    Explanation:
    The Code received the assent of the President of India on 28 May 2016
  6. The Pradhan Mantri MUDRA Yojana has been launched to provide loans upto Rs ______________  to small business
    A) Rs 10 lakh

    B) Rs 20 lakh
    C) Rs 5 lakh
    D) Rs 25 lakh
    View answer
    Option A
    Explanation:
    Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises.
  7. The Department of Industrial Policy and Promotion (DIPP) will be renamed as _____________
    A) Department for Industrial Policy and Trade Promotion

    B) Department for Promotion of Industrial Trade and Policy 
    C) Department for Industry and Trade Promotion
    D) Department for Promotion of Industries and Internal Trade
    View answer
    Option D
  8. Which of the following are not insured by DICGC?
    A) Foreign Banks in India

    B) Local Area Banks
    C) Primary cooperative societies 
    D) Regional Rural Banks
    View answer
    Option C
  9. In MCLR, M denotes_____________
    A) Marginal

    B) Minimum
    C) Monetary
    D) Maturity
    View answer
    Option A
    Explanation:
    Marginal Cost of Funds based Lending Rate (MCLR)
  10. How many regional offices of Banking Ombudsmen are there in India?
    A) 32

    B) 21
    C) 18
    D) 28
    View answer
    Option B

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