Banking quiz

Banking Awareness Quiz – Set 224

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. RBI has extended the facility of processing of e-mandate for recurring transactions to cover Unified Payment Interface (UPI). What is the maximum permissible limit for a transaction under this arrangement?
    A) Rs 1000

    B) Rs 2000
    C) Rs 3000
    D) Rs 5000
    View answer
      Option B
    Explanation: Rs 2000
  2. Who among the following is the ex-officio member of the MPC?
    A) BP Kanungo

    B) NS Vishwanathan
    C) MK Jain
    D) M D Patra
    View answer
      Option D
    Explanation: In pursuance with the Government of India notification dated January 14, 2020, Dr. Michael Debabrata Patra took over as the Deputy Governor of the Reserve Bank of India for a period of three years with effect from January 15, 2020. He will continue to be an ex-officio member of the MPC as Deputy Governor.
  3. Which of the following benchmarks administered by FBIL has not been notified as significant benchmark by RBI?
    A) MIFOR

    B) Forward Premia Curve
    C) MIBOR
    D) Valuation of Government Securities
    View answer
    Option B
    Explanation: i) Overnight Mumbai Interbank Outright Rate (MIBOR); ii) Mumbai Interbank Forward Outright Rate (MIFOR); iii) USD/INR Reference Rate; iv) Treasury Bill Rates; v) Valuation of Government Securities; vi) Valuation of State Development Loans (SDL).
  4. What is the investment cap on Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt?
    A) Rs. 75,000 crores

    B) Rs. 1.5 lakh crores
    C) Rs. 1 lakh crores
    D) Rs 50,000 crores
    View answer
    Option B
    Explanation: The investment cap is increased to Rs. 1,50,000 crores from Rs. 75,000 crores.
  5. What is the minimum retention period under the Revised VRR for Investment by FIIs?
    A) 4

    B) 5
    C) 3
    D) 2
    View answer
    Option C
    Explanation: The minimum retention period shall be three years
  6. What is the short-term investment limit of FPIs in Central Government Securities (including Treasury Bills) and State Development Loans?
    A) 20%

    B) 25%
    C) 30%
    D) 50%
    View answer
    Option C
    Explanation: The Reserve Bank on January 23, 2020 decided to increase the short-term investment limit of Foreign Portfolio Investors (FPIs) in Central Government Securities (including Treasury Bills) and State Development Loans from 20 per cent to 30 per cent
  7. Which entity has the powers to impose a monetary penalty in respect of payment systems in India?
    A) RBI

    B) NPCI
    C) GoI
    D) All of these
    View answer
    Option A
    Explanation: RBI has the power
  8. RBI has notified how many benchmarks administered by FBIL as ‘significant benchmark’?
    A) 4

    B) 5
    C) 6
    D) 7
    View answer
    Option C
    Explanation: i) Overnight Mumbai Interbank Outright Rate (MIBOR); ii) Mumbai Interbank Forward Outright Rate (MIFOR); iii) USD/INR Reference Rate; iv) Treasury Bill Rates; v) Valuation of Government Securities; vi) Valuation of State Development Loans (SDL)
  9. Name the mobile app launched by RBI for aiding persons with visual impairment to identify the denomination of Indian Banknotes?
    A) VANI

    B) MONEY
    C) MANI
    D) MAVI
    View answer
    Option C
    Explanation: Mobile Aided Note Identifier (MANI)
  10. RBI has released the National Strategy for Financial Inclusion (NSFI) for which period?
    A) 2020-2024

    B) 2019-2023
    C) 2019-2024
    D) 2020-2023
    View answer
    Option C
    Explanation: 2019-2024

Read More Banking Awareness Topics

Attempt Banking Awareness Quiz

Leave a Comment

Your email address will not be published. Required fields are marked *