Banking Quiz.

Banking Awareness Quiz – Set 201

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. CERSAI has been set up under which Act.
    A) SARFAESI-act
    B) CGTMSE act
    C) Transfer property act
    D) Registration act
    E) CERSAI Act
    View answer
      Option A.
    Explanation: SARFAESI-act.
  2. Maximum amount of claim that can be filed in Lok Adalat.
    A) 20 lakh
    B) 10 lakh
    C) 05 lakh
    D) 12 lakh
    E) Any amount
    View answer
      Option A.
    Explanation: 20 Lacs
  3. If Garnishee Order is received without description of amount,
    A) Full amount to be attached
    B) Ask clarification immediately from court regarding amount
    C) Issue a notice to customer about the order & amount if any notice is received by him
    D) Account not be attached till clarity about the amount
    View answer
    Option A.
    Explanation:Full amount to be attached.
  4. CGTSME has been set up by.
    A) Govt. of India
    B) SIDBI
    C) RBI
    D) SBI
    E) A & B jointly
    View answer
    Option E
    Explanation: A & B jointly.
  5. Expand MUDRA bank.
    A) Micro units’ development & reconstruction account
    B) Major units’ development & Refinance Agency
    C) Micro Units Development and Refinance Agency
    D) Managing units for development and reconstruction Agency
    E) Micro Units Refinance Agency
    View answer
    Option C.
    Explanation: Micro Units Development and Refinance Agency
  6. Pari-passu charge is.
    A) Fixed charge
    B) Floating charge
    C) Charge due to GOVT dues
    D) Charge on current assets
    E) Charge in favor of many creditors on equal footing.
    View answer
    Option E.
    Explanation: Charge in favor of many creditors on equal footing.
  7. Safe custody of Articles is covered under which Act.
    A) Indian Contract Act
    B) India safety act
    C) Transfer property act
    D) NI act
    E) BR Act
    View answer
    Option A.
    Explanation: Indian Contract Act
  8. Final date for implementation of Basel III in India?
    A) 01.01.2019
    B) 31.03.2019
    C) 31.03.2018
    D) 01.01.2018
    E) 31.03.2020
    View answer
    Option B.
    Explanation: 31.03.2019
  9. Target for Weaker section loan are ___ % of ANBC.
    A) 10
    B) 5
    C) 15
    D) 12
    E) 7.
    View answer
    Option A.
    Explanation:10.
  10. Maximum period of FCNR (B) deposit.
    A) 3 years
    B) 5 years
    C) 2 years
    D) 10 years
    E) 7 years
    View answer
    Option B.
    Explanation:5 years.

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