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.
- A person who controls the creation, operation and administration of significant benchmark is known as?
A) FBA
B) IBA
C) SBA
D) VBA
- “Digital KYC” has been defined in which section of PMLA Act 2002?
A) Section 4
B) Section 3
C) Section 5
D) Section 6
- Who gives the approval to the banks for cash withdrawal through the PoS terminals deployed by them?
A) RBI
B) Board of the bank
C) PoS installing aggregator
D) Ministry of Finance
- Who is the nodal agency for the Interest Subvention Scheme for MSMEs?
A) RBI
B) NABARD
C) SIDBI
D) SBI
- What does UAN stand for with respect to MSME?
A) Universal Account Numerals
B) Universal Aadhar Number
C) Udyog Aadhar Number
D) Udyog Account Numerals
- To be eligible as Financial Benchmark Administrator what is the minimum required net worth?
A) Rs 10 crore
B) Rs 5 crore
C) Rs 1 crore
D) Rs 50 lakhs
- What is the fixed interest rate in the Inflation Indexed National Saving Securities-Cumulative (IINSS-C)?
A) 1%
B) 2%
C) 1.5%
D) 2.5%
- ________________ are the securities created by way of separating the cash flows associated with a regular G-Sec.
A) STRIPS
B) SGB
C) SDL
D) NCB
- ___________ means that a large sum of new money is printed and distributed among the public, to stimulate the economy during a recession or when interest rates fall to zero.
A) Liquid money
B) Transparent money
C) Quick money
D) Helicopter money
- What is the amount insured by DICGC for depositors in bank account?
A) Rs 1 lakh
B) Rs 2 lakhs
C) Rs 3 lakhs
D) Rs 5 lakhs