Banking quiz

Banking Awareness Quiz – Set 226

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 the last tranche of the Capital Conservation Buffer (CCB)?
    A) 6.125 %

    B) 0.625 %
    C) 6.025 %
    D) 0.0625 %
    View answer
      Option B
    Explanation: 0.625 %
  2. What is the ceiling limit in the FAR for Investment by Non-residents?
    A) Rs 10 lakhs

    B) Rs 1 crore
    C) Rs 25 lakhs
    D) No limit
    View answer
      Option D
    Explanation: Eligible investors can invest in specified Government securities without being subject to any investment ceilings
  3. RBI has allowed Small Finance Banks which have completed ___ years, to undertake non-risk sharing simple financial service activities without prior approval of RBI.
    A) 2 years

    B) 4 years
    C) 3 years
    D) 5 years
    View answer
    Option C
    Explanation: Exempt all existing SFBs from seeking prior approval of the Reserve Bank for undertaking such non-risk sharing simple financial service activities, which do not require any commitment of own fund, after three years of commencement of business of SFB. The Reserve Bank also issued clarifications for existing SFBs.
  4. What is the full form of FAR with respect to the Government of India dated securities?
    A) Functional Accessible Route

    B) Fully Automatic Route
    C) Fully Accessible Route
    D) Functional and Automatic Route
    View answer
    Option C
    Explanation: Fully Accessible Route
  5. The accounts that shows symptoms of bad asset quality in the first 90 days itself or before it being identified as NPA are known as?
    A) WMA

    B) SMA
    C) IMA
    D) IFA
    View answer
    Option B
    Explanation: Special Mention Accounts (SMA)
  6. Who manages the Rural Infrastructure Development Fund (RIDF)?
    A) SIDBI

    B) RBI
    C) NABARD
    D) SBI
    View answer
    Option C
    Explanation: It is managed by NABARD
  7. What is the Minimum tenor of investments under the Medium Term Framework for Investment by Foreign Portfolio Investors (FPI) in Government Securities?
    A) 2 years

    B) 5 years
    C) 3 years
    D) 4 years
    View answer
    Option C
    Explanation: Minimum tenor of investments at 3 years.
  8. The entities that facilitate e-commerce sites and merchants to accept various payment instruments from the customers for completion of their payment obligations without the need for merchants to create a separate payment integration system of their own are known as ____________.
    A) Payment Gateways

    B) Payment Advisor
    C) Payment Aggregators
    D) Payment Trigger
    View answer
    Option C
    Explanation: PAs are entities that facilitate e-commerce sites and merchants to accept various payment instruments from the customers for completion of their payment obligations without the need for merchants to create a separate payment integration system of their own.
  9. The entities that provide technology infrastructure to route and facilitate processing of an online payment transaction without any involvement in handling of funds are known as ______.
    A) Payment Gateways

    B) Payment Advisor
    C) Payment Aggregators
    D) Payment Moderator
    View answer
    Option A
    Explanation: PGs are entities that provide technology infrastructure to route and facilitate processing of an online payment transaction without any involvement in handling of funds.
  10. What is the interest rate on Ways and Means Advances (WMA)?
    A) Repo Rate + 2%

    B) Repo Rate
    C) Repo Rate + 1%
    D) Repo Rate – 2%
    View answer
    Option B
    Explanation: WMA: Repo Rate; Overdraft: Two percent above the Repo Rate

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