Banking Quiz.

Banking Awareness Quiz – Set 204

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. MUDRA Bank will deliver loan through _________
    A) NBFCs
    B) MFIs
    C) Rural Banks
    D) All of the Above
    View answer
      Option D.
    Explanation: All of above .
  2. Government has decided to provide an additional fund of ________ which will be allocated to Shishu, Kishore and Tarun schemes.
    A) Rs 1 trillion
    B) Rs 1 million
    C) Rs 1 billion
    D) Rs 10 billion
    View answer
      Option A.
    Explanation: 1 Trillion.
    Government has decided to provide an additional fund of Rs 1 trillion to the market and will be allocated as 40% to Shishu.  35% to Kishore. 25% to Tarun.
  3. IFS Code is 11 alpha numeric code. What is the fifth character?
    A) An alphabet
    B) Check digit
    C) 0 (Zero)
    D) None of these
    View answer
    Option C.
    Explanation: 0 (Zero).
  4. Legal Entity Identifier(LEI) is a ____________ alpha numeric code.
    A) 10
    B) 11
    C) 20
    D) 9
    View answer
    Option C.
    Explanation: 20.
  5. Banking Ombudsman Scheme is applicable to the business of_______.
    A) All scheduled commercial banks excluding RRBs
    B) All scheduled commercial banks including RRBs
    C) Only Public Sector Banks
    D) Only Private Sector Banks
    View answer
    Option B.
    Explanation:
    All scheduled commercial banks including RRBs
  6. Cash drawings under kisan  cards can be  permitted at:
    A) designated branches
    B) at issuing branches
    C) all branches
    D) none of these
    View answer
    Option B.
    Explanation: at issuing branches.
  7. Banking  Industry has been  declared as public utility service for purpose of
    A) Negotiable Instruments Act, 1881
    B) Reserve Bank of India Act, 1934
    C) Banking Regulation Act, 1949
    D) Industrial Disputes Act
    View answer
    Option D.
    Explanation: Industrial Disputes Act.
  8. Which of the following currency is not on the set of Internationally acclaimed ‘Hard Currencies’?
    A) Yuan
    B) Yen
    C) Dollar
    D)Pound
    View answer
    Option A.
    Explanation: Yuan.
  9. What is the Tagline of Bank Of India?
    A) A tradition of trust
    B) For all your needs
    C) Banking for All
    D) Relationship beyond Banking
    View answer
    Option D.
    Explanation:
    Relationship beyond Banking.
  10. CASHe, a loan giving app has partnered with
    A) Reliance
    B) Paytech.
    C) Paytm
    D) Finoteche
    View answer
      Option C.
    Explanation:Paytm

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