Quiz on Banking Awareness

Banking Awareness forms an important part of Bank exams. Study our Banking Awareness topics to excel in Bank exams. Best Quiz on Banking Awareness

Number of Questions: 10

1. With which of the following is SARFAESI Act 2002 related
   A) Regulation of foreign exchange
   B) Fixation of interest rates
   C) Recovery of Bad loans
   D) None of the above
   
   View answer

     Option C
2. The reserve held by commercial bank in the form of cash with RBI is known as?
   A) Cash reserve
   B) REPO
   C) Deposit Reserve
   D) Excess Reserve
   
   View answer

     Option A
3. Which is the first Indian RRB that achieved Core Banking Solution (CBS) in 2011?
   A) Prathma Bank
   B) Allahabad UP Gramin Bank
   C) Pallavan Bank
   D) Rushikulya Gramya Bank
   
   View answer

   Option D
4. The account of foreign bank, as maintained in the books of a bank in India is called a ____ account
   A) NOSTRO
   B) VOSTRO
   C)  LORO
   D) Shadow
   
   View answer

   Option D
5. Rupay card was launched by which organization in India?
   A) National Payment Corporation india
   B) Reserve Bank of India
   C) Finance Ministry
   D) State Bank of India
   
   View answer

   Option A
6. Securitization is the process of acquisition of loan classified as
   A) Standard assets
   B) Non-performing assets
   C) Book debts
   D) None of the above
   
   View answer

   Option B
7. In which year plans to implement Basel-3 norms in banks?
   A) 2019
   B) 2020
   C) 2021
   D) 2024
   
   View answer

   Option A
8. The 0 in IFS Code is placed in the ______ position of the 11 digit IFS Code.
   A) 4^th
   B) 3^rd
   C) 5^th
   D) 6^th
   
   View answer

   Option C
9. The term “BANK” defined in the section 5(b) of ___________?
   A) Reserve Bank of India Act, 1934
   B) Negotiable Instrument Act, 1881
   C) Banking Regulation Act, 1949
   D) Regional Rural Bank Act, 1975
   
   View answer

   Option C
10. Replacing physical shares with electronic shares is a process known as ____?
    A) Dematerialization
    B) Re-materialization
    C) Securitization
    D) Truncation
    
    View answer

      Option A

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz