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.
- Inflation is measured by which index in India?
A) Wholesale Price Index
B) Consumer Price Index
C) Index of Agricultural Production
D) National Domestic Product
E) None of the above
- Which of the following activity does not come under Para Banking Services?
A) Insurance
B) Portfolio Management
C) Mutual Fund Business
D) Investment in Venture Capital
E) Giving credit
- Who among the following has an option to open a Non-Resident Ordinary Rupee (NRO) account?
A) Non-Resident of India (NRI)
B) Person of Indian Origin (PIO)
C) Overseas Citizen of India (OCI)
D) All the above
E) None of the above
- What are the loans taken from a lender and has to be repaid after a fixed interval of time are called?
A) Formal sector loans
B) Informal sector loans
C) General loans
D) Commercial loans
E) None of the Above
- As per the data released by NPCI, the number of transactions over the Unified Payments Interface in August hit a record _________ with a total worth of ________.
A) 918 million, 1.54 lakh crore
B) 1000 million, 10 lakh crore
C) 1000 million, 7 lakh crore
D) 918 million, 3.0 lakh crore
E) 900 million, 3.0 lakh crore
- What is the maximum amount that can be transferred through the Aadhaar Enabled Payment System (AEPS) per account per day?
A) Rs 25000
B) Rs 20000
C) Rs 15000
D) Rs 50000
E) Rs 30000
- In banking parlance, CDS stands for ________.
A) Corporate Debt Swap
B) Corporate Dilution Scheme
C) Credit Default Swap
D) Credit Delivery Scheme
E) None of the above
- In FINO PayTech, ‘I’ stands for ________.
A) International
B) Initiative
C) Institution
D) Integrated
E) Inclusion
- What does ‘N’ stand for in the important banking abbreviation NDTL?
A) National
B) Net
C) Numeric
D) Nominal
E) Notional
- Which among the following determines the ability of any organization to meet the financial losses?
A) Liquidity Ratio
B) Investment Ratio
C) Leverage Ratio
D) Transfer Ratio
E) None of the above