Banking Awareness Quiz – Set 52

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. 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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