Banking Awareness Quiz – Set 231

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. In 2016 RBI adopted the FIT framework. What does F stands for in FIT?
   A) Formal
   B) Functional
   C) Framework
   D) Flexible
   
   View answer

     Option D
   Explanation: RBI adopted a flexible inflation targeting (FIT) framework under which primacy is accorded to the objective of price stability, defined numerically by a target of 4 per cent for consumer price headline inflation with a tolerance band of +/- 2 per cent around it
2. The activities covered under Agriculture under the Priority Sector Lending are classified into how many sub category?
   A) 3
   B) 4
   C) 5
   D) 6
   
   View answer

     Option A
   Explanation: The activities covered under Agriculture are classified under three sub-categories viz. Farm credit, Agriculture infrastructure and Ancillary activities.
3. As per the Prime Minister’s Task Force on MSMEs, banks have been advised to achieve a ______ year-on-year growth in credit to micro and small enterprises.
   A) 10 per cent
   B) 20 per cent
   C) 25 per cent
   D) 30 per cent
   
   View answer

   Option B
   Explanation: banks have been advised to achieve a 20 per cent year-on-year growth in credit to micro and small enterprises, a 10 per cent annual growth in the number of micro enterprise accounts and 60 percent of total lending to MSE sector as on corresponding quarter of the previous year to Micro enterprises.
4. What is the compensation to be provided by banks to pensioners in case of delayed credit of pension/ arrears of pension?
   A) 5%
   B) 6%
   C) 7%
   D) 8%
   
   View answer

   Option D
   Explanation: A Pensioner is entitled for compensation for delayed credit of pension/arrears thereof at the fixed rate of 8% per annum
5. What is the minimum net owned fund required by non-banking financial institution to register with RBI?
   A) Rs. 100 lakh
   B) Rs. 300 lakh
   C) Rs. 200 lakh
   D) Rs. 500 lakh
   
   View answer

   Option C
   Explanation: Rs. 200 lakh
6. Bank credit to registered NBFCs for on-lending to micro and small enterprises up to _______ per borrower are eligible for classification as priority sector lending
   A) Rs. 20 lakh
   B) Rs. 10 lakh
   C) Rs. 50 lakh
   D) Rs. 25 lakh
   
   View answer

   Option A
   Explanation:
7. TReDS is an electronic platform where receivables of _________ drawn against buyers are financed through multiple financiers at competitive rates.
   A) Agriculture
   B) MSME
   C) Real Estate
   D) Education Institutes
   
   View answer

   Option B
   Explanation: MSME
8. Presently how many entities are licensed by RBI to run the Trade Receivables Discounting System (TReDS) platform?
   A) 2
   B) 3
   C) 4
   D) 5
   
   View answer

   Option B
   Explanation: three entities [viz., Receivables Exchange of India Ltd. (RXIL), A. TReDS, and Mynd Solutions]
9. It is mandatory for all companies with a turnover greater than _______ to register with TReDS.
   A) Rs. 500 crores
   B) Rs. 200 crores
   C) Rs. 250 crores
   D) Rs. 100 crores
   
   View answer

   Option A
   Explanation: In 2018, the Government made it mandatory for all companies with a turnover greater than ₹ 500 crores to register with TReDS.
10. RBI has how many fully owned subsidiary?
    A) 3
    B) 4
    C) 5
    D) 6
    
    View answer

    Option B
    Explanation: RBI has 4 fully owned subsidiary- DICGC, BRBNMPL, ReBIT and IFTAS

Read Banking Awareness Topics

Attempt Banking Awareness Quiz