Banking quiz

Banking Awareness Quiz – Set 235

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. Who regulates Depository and Depository Participants in India?
    A) RBI
    B) SEBI
    C) Government of India
    D) SIDBI
    View answer
      Option B
    Explanation: The Securities and Exchange Board of India (SEBI) is responsible for the regulation of Depository and Depository Participants ranging from registration, regulation and inspection of the depository.
  2. __________ is an organization which holds securities with it in De-Mat form.
    A) Stock Market
    B) Central Bank
    C) Depository
    D) SEBI
    View answer
      Option C
    Explanation: Depository is an organization which holds securities with it in De-Mat form i.e electronic format. Depository (NSDL or CSDL) interacts with its clients/investors through its agents known as Depository Participants also known as DPs.
  3. How many depositories are there in India?
    A) 2
    B) 3
    C) 4
    D) 5
    View answer
    Option A
    Explanation: In India, there are two depositories: Central Depository Services Ltd. (CDSL) and National Securities Depository Ltd (NSDL).
  4. A bank is permitted to issue PSLCs upto ____ percent of previous year’s PSL achievement.
    A) 20
    B) 30
    C) 40
    D) 50
    View answer
    Option D
    Explanation: A bank is permitted to issue PSLCs upto 50 percent of previous year’s PSL achievement.
  5. How many types of Priority Sector Lending Certificates are there in India?
    A) 3
    B) 4
    C) 5
    D) 6
    View answer
    Option B
    Explanation: Four type- PSLC Agriculture, PSLC SF/MF, PSLC Micro Enterprises and PSLC General
  6. The range of Statutory Liquidity Ratio (SLR) that RBI can prescribe can vary between 0% to ____ %.
    A) 20
    B) 30
    C) 40
    D) 50
    View answer
    Option C
    Explanation: RBI can prescribe SLR ranging from 0% to 40%.
  7. What is the maximum compensation under the Banking Ombudsman Scheme of RBI?
    A) Rs 10 lakh
    B) Rs 5 lakh
    C) Rs 20 lakh
    D) Rs 1 lakh
    View answer
    Option C
    Explanation: Maximum Rs 20 lakh or the amount of loss suffered by the complainant arising directly out of the act or omission of the bank, whichever is lower.
  8. What is the full form of CVV?
    A) Card Value on Value
    B) Card Verification Value
    C) Card Verified Value
    D) Common Verified Value
    View answer
    Option B
    Explanation: Card Verification Value
  9. In Cheque clearing, _____________ means signing on the face or back of the cheque for the purpose of negotiating.
    A) inchoation
    B) bearing
    C) endorsing
    D) ordering
    View answer
    Option C
    Explanation: Endorsement of a Cheque
  10. “Virtual Payment Address” is a feature in?
    A) NEFT
    B) RTGS
    C) UPI
    D) NACH
    View answer
    Option C
    Explanation: Virtual Payment Address or VPA (UPI ID) – A Virtual Payment Address (VPA) is a unique identifier which you can use to send and receive money on UPI. Think of it as an email ID which you can use to transfer money. Example: abc@sbi

Read Banking Awareness Topics

Attempt Banking Awareness Quiz

 

Leave a Comment

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