Banking Quiz.

Banking Awareness Quiz – Set 218

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. What is ‘first A’ stands for in GAAR?
    A) Account
    B) Asset
    C) Anti
    D) Audit
    View answer
      Option C.
    Explanation: General Anti Avoidance Rule (GAAR)
  2. Where is the headquarter of National Bank for Agriculture and Rural Development (NABARD)?
    A) Mumbai
    B) New Delhi
    C) Kolkata
    D) Chennai
    View answer
      Option A.
    Explanation:Mumbai.
  3. What is the maximum amount that can be remitted through Nepal Remittance Scheme?
    A) INR 25,000
    B) INR 50,000
    C) INR 75,000
    D) INR 100,000
    View answer
      Option B.
    Explanation: INR 50,000.
  4. What is ‘first A’ stands for in DTAA(a tax law)?
    A) Avoidance
    B) Average
    C) Audit
    D) Asset
    View answer
    Option A.
    Explanation: Avoidance. Double Taxation Avoidance Agreement (DTAA).
  5. Who is the Chairman of National Bank for Agriculture and Rural Development (NABARD)?
    A) Mr. David Rasquinha
    B) Geetha Muralidhar
    C) T.S.Vijayan
    D) Harsh Kumar Bhanwala
    View answer
    Option D.
    Explanation:
    Harsh Kumar Bhanwala.
  6. Union Government of India has renamed the Department of Divestment to DIPAM. What is ‘A’ stand for in DIPAM?
    A) Asset
    B) Account
    C) Audit
    D) Amount
    View answer
      Option A.
    Explanation: Department of Investment and Public Asset Management.
  7. What is the maximum amount that can be transfer through Immediate Payment Services(IMPS)?
    A) Rs. 1,00,000
    B) Rs. 2,00,000
    C) Rs. 3,00,000
    D) Rs. 4,00,000
    View answer
    Option B.
    Explanation: Rs. 2,00,000
  8. ___________ is the nodal agency to provide licenses to e-commerce companies(including foreign)?
    A) Reserve Bank of India(RBI)
    B) Foreign Investment Promotion Board (FIPB)
    C) Department of Industrial Policy and Promotion (DIPP)
    D) NPCI
    View answer
      Option C.
    Explanation:Department of Industrial Policy and Promotion (DIPP).
  9. Which among these is the nodal agency for Unstructured Supplementary Service Data (USSD) Service?
    A) NPCI
    B) RBI
    C) SBI
    D) SEBI
    View answer
      Option A.
    Explanation: National Payments Corporation of India (NPCI)
  10. The International Development Association (IDA) is an arm
    A) International Monetary Fund (IMF)
    B) World Bank
    C) Organisation for Economic Co-operation and Development (OECD)
    D) Asian Development Bank
    View answer
      Option B.
    Explanation: The IDA is a member of the World Bank Group and is headquartered in Washington, D.C

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