Banking Awareness Quiz – Set 230

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. The NETC system allows linking of FASTags with bank accounts. Who manages NETC?
   A) RBI
   B) SBI
   C) NPCI
   D) Every commercial bank
   
   View answer

     Option C
   Explanation: NETC is handled by NPCI
2. What is the maximum amount that can be loaded in the semi-closed Prepaid Payment Instrument (PPI) introduced by RBI which can be loaded only from bank account?
   A) Rs 5,000
   B) Rs 10,000
   C) Rs 1,000
   D) Rs 20,000
   
   View answer

     Option B
   Explanation: Rs 10,000
3. What is the term used for additional collateralised intra-day liquidity facility provided by RBI to banks due to NEFT being 24*7?
   A) Liquidity Support
   B) Intraday facility
   C) Intraday Liquidity facility
   D) Liquidity Method
   
   View answer

   Option A
   Explanation: in order to facilitate smooth settlement of NEFT transactions in the accounts of the member banks maintained with the Reserve Bank in a 24×7 environment, it has been decided to provide an additional collateralised intra-day liquidity facility, to be called Liquidity Support (LS).
4. What is the minimum Capital to Risk-weighted Assets Ratio (CRAR) by RRBs?
   A) 8%
   B) 9%
   C) 10%
   D) 7%
   
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   Option B
   Explanation: RRBs are required to maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9 per cent on an ongoing basis.
5. What is the sanctioned limit, for classification of export credit under Priority Sector Lending?
   A) Rs 20 crore per borrower
   B) Rs 50 crore per borrower
   C) Rs 30 crore per borrower
   D) Rs 40 crore per borrower
   
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   Option D
   Explanation: Rs 40 crore per borrower.
6. Bank’s exposure limit to a single NBFC is _________ of Tier-I capital of the bank.
   A) 15%
   B) 10%
   C) 20%
   D) 25%
   
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   Option C
   Explanation: Increased to 20%
7. RBI has linked all new floating rate personal or retail loans and floating rate loans by banks to MSME to external benchmarks. The interest rate under external benchmark shall be reset at least once in _________ months.
   A) two
   B) three
   C) four
   D) five
   
   View answer

   Option B
   Explanation: once in three months
8. The semi-closed PPI should be converted into KYC compliant semi-closed PPIs within __________ months.
   A) 18
   B) 20
   C) 24
   D) 36
   
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   Option C
   Explanation: 24 Months
9. What is the maximum customer charges that can be levied on customers for Cash Withdrawal at Points-of-Sale (PoS) Devices?
   A) 1% of the transaction amount
   B) 2% of the transaction amount
   C) 1.5% of the transaction amount
   D) 2.5% of the transaction amount
   
   View answer

   Option A
   Explanation: customer charges, if any, on such cash withdrawals to not more than 1% of the transaction amount.
10. Interest subvention is provided on a maximum limit of ________ short term loan to farmers involved in animal husbandry and fisheries.
    A) Rs. 1 lakh
    B) Rs. 2 lakh
    C) Rs. 4 lakh
    D) Rs. 5 lakh
    
    View answer

    Option B
    Explanation: Maximum 5 lakhs

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