Banking Quiz.

Banking Awareness Quiz – Set 199

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.

  1. The Complaint Management System (CMS) is a software application launched by _________________ on its website.
    A) RBI
    B) IRDAI
    C) SBI
    D) TRAI
    View answer
      Option A.
    Explanation: RBI.

  2. CCI has approved the merger of the Indiabulls Housing Finance and Lakshmi Vilas Bank recently. What is the full form of CCI?
    A) Competition Commission of International
    B) Competition Commission of India
    C) Competition Corporation of India
    D) Central Commission of India
    View nswer
      Option B.
    Explanation: Competition Commission of India.
  3. OLTAS is used to maintain the records of banks paid through banks through online upload of challan details. What is the acronym for OLTAS?
    A) Online Text accounting Service
    B) Online Tax accounting Service
    C) Online Tax accounting System
    D) Online Tax activation System
    View answer
    Option C.
    Explanation:
    Online Tax accounting System.
  4. NPCI aims to allow all Indian citizens to have unrestricted access to e-payment services. What is the acronym for C in NPCI?
    A) Credit
    B) Company
    C) Cash
    D) Corporation
    View answer
    Option D.
    Explanation: National Payments Corporation of India (NPCI)
  5. A _______ is a negotiable instrument similar to a bill of exchange that can be issued to a client, directing another bank or one of its own branches to pay a certain sum to the specified party.
    A) Crossed Cheque
    B) Demand Draft
    C) Cheque
    D) Bill
    View answer
    Option B.
    Explanation: Demand Draft.
  6. The RBI is planning to introduce a dedicated IVR system to track the status of complaints. What is the full form of IVR?
    A) International Voice Response
    B) Interactive Vehicles Response
    C) Interactive Voice Response
    D) Indian Voice Response
    View answer
      Option C.
    Explanation: Interactive Voice Response .
  7. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, the Collateral free loans upto Rs _______________ under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL)
    A) Rs 10 Lakh
    B) Rs 7.5 Lakh
    C) Rs 15 Lakh
    D)Rs 20 Lakh
    View answer
      Option B.
    Explanation:
    7.5 LAKH .
  8. The Reserve Bank relaxed the leverage ratio (LR) to _____________ for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks.
    A) 4.00%
    B) 5.50%
    C) 4.50%
    D) 5.00%
    View answer
    Option A.
    Explanation:4%.
  9. The Reserve Bank of India has advised all Scheduled Commercial Banks to adopt Education Loan Scheme, formulated by Indian Banks Association. In this scheme, loan upto Rs ____________ lakh for study in India and uptoRs _____________ lakh for study abroad
    A) Rs 40 lakh, Rs 60 lakh
    B) Rs 20 lakh, Rs 40 lakh
    C) Rs 50 lakh, Rs 70 lakh
    D) Rs 10 lakh, Rs 20 lakh
    View answer
    Option D
    Explanation:Rs 10 lakh,  Rs 20 lakh .
  10. A savings as well as current account should be treated as inactive if there are no transactions in the account for over a period of _____ months.
    A) 24 months
    B) 30 months
    C) 12 months
    D) 06 months
    View answer
    Option A.
    Explanation:24 Months.

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