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.
- 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?
A) Liquidity
B) Liquid
C) Lent
D) Liability
- What does the term B2B denotes in E-commerce?
A) It suggest transaction between banks and companies.
B) It means business to business transactions.
C) Deals between business to banks.
D) All of the above.
- Which of the following statement is incorrect about the ‘Current Account’?
A) Banks offer no rate of interest on money held in current account.
B) There is no limit on deposit or withdrawal in current account.
C) A special type of passbook is issued for current account holders.
D) Current account are opened for business transactions
- Brown Label ATMs are owned and maintained by
A) non-bank entities, which have been incorporated under Companies Act 1956.
B) a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank.
C) Bank
D) None of the above
- Masala Bond’ term is coined by which organization/institution?
A) Reserve Bank of India (RBI)
B) Securities and Exchange Board of India (SEBI)
C) State Bank of India
D) International Financial Corporation (IFC)
- Which type of Non-Banking financial Company(NBFC) receives deposits under any scheme or arrangement by government?
A) Mutual Benefit Financial Companies (MBFC)
B) Residuary Non- Banking Company (RNBC)
C) Miscellaneous Non- Banking Company (MNBC)
D) None is Correct
- What is the minimum paid-up equity capital for small finance banks?
A) Rs. 100 Crore
B) No such minimum figure
C) Rs. 500 Crore
D) 50 Crore
- An account should be treated as ________ if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power.
A) out of limit
B) out of order
C) out of drawing
D) out of line
- Any loan for short duration crops is classified as NPA when the installment of principal or interest there on remains overdue for _____ crop seasons
A) one
B) four
C) three
D) two.
- Any loan for long duration crops is classified as NPA when the installment of principal or interest there on remains overdue for _____ crop seasons
A) one
B) four
C) three
D) two