Banking quiz

Banking Awareness Quiz – Set 241

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 which year was Export-Import Bank of India (EXIM) Bank established?
    A) 1981

    B) 1982
    C) 1983
    D) 1984
    View answer
      Option B
    Explanation: Export-Import Bank of India (EXIM) Bank was established in the year 1982. It is a financial institution for handling the export finance institution of the country.
  2. “ING Vyasa Bank” was merged with which bank in 2014?
    A) ICICI Bank

    B) HDFC Bank
    C) Indian Overseas Bank
    D) Kotak Mahindra Bank
    View answer
      Option D
    Explanation: Kotak Mahindra Bank
  3. Presently how many credit rating agencies in India are registered with SEBI?
    A) 5

    B) 6
    C) 7
    D) 8
    View answer
    Option C
    Explanation: Seven are registered with SEBI.
  4. How many digits are there in Mobile Money Identifier (MMID)?
    A) 7

    B) 8
    C) 9
    D) 11
    View answer
    Option A
    Explanation: Mobile Money Identifier (MMID) has seven digits
  5. What is the interest rate under the Short Term Bank Deposit (STBD) of Gold Monetization Scheme?
    A) 2.25%

    B) 2.50%
    C) 2.75%
    D) To be decided by banks
    View answer
    Option D
    Explanation: Decided by banks
  6. What is the limit for Investment in plant & machinery in Micro Enterprises for Manufacturing Enterprise?
    A) < Rs 25 lakh

    B) <Rs 10 lakh
    C) Between Rs 25 lakh and Rs 5 crore
    D) Between Rs 10 lakh and Rs 2 crore
    View answer
    Option A
    Explanation: Does not exceed Rs 25 lakh
  7. ______________ is a mechanism through which MSME can receive finance against its trade receivable
    A) CCC

    B) BCSBI
    C) TReDS
    D) All of these
    View answer
    Option C
    Explanation: Trade Receivables Discounting System
  8. The The World Bank Group comprises of how many institutions?
    A) 3

    B) 4
    C) 5
    D) 6
    View answer
    Option C
    Explanation: International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
  9. How many category of Priority Sector Lending Certificates are there?
    A) 3

    B) 4
    C) 5
    D) 6
    View answer
    Option B
    Explanation: There are four kinds of PSLCs-
    PSLC Agriculture, PSLC SF/MF, PSLC Micro Enterprises and PSLC General
  10. Which of the following is not a key features of UPI 2.0?
    A) Overdraft facility

    B) Signed intent & QR
    C) Invoice in the inbox
    D) One Time Pin
    View answer
    Option D
    Explanation: It is “One Time Mandate”

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