Banking quiz

Banking Awareness Quiz – Set 248

Banking Awareness Quiz

Banking Awareness Quiz – Set 248: 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. Which of the following card type cannot be used for cash withdrawal at PoS terminals?
    A) VISA Debit Cards

    B) MasterCard
    C) Credit Card
    D) Rupay Card
    View answer
      Option C
    Explanation: credit cards cannot be used under this facility.
  2. What is the limit on the amount of cash that can be withdrawn at PoS terminals in Tier III to VI centres. (per card)?
    A) Rs 1000 per day

    B) Rs 2000 per day
    C) Rs 3000 per day
    D) Rs 5000 per day
    View answer
      Option B
    Explanation: ₹2,000/- per day per card in Tier III to VI centres.
  3. What is the limit on the amount of cash that can be withdrawn at PoS terminals in Tier I to II centres. (per card)?
    A) Rs 1000 per day

    B) Rs 2000 per day
    C) Rs 3000 per day
    D) Rs 5000 per day
    View answer
    Option A
    Explanation: At Tier I and II centres, the withdrawal limit is ₹1,000/- per day per card.
  4. What is the maximum charge that can be levied on withdrawing cash at PoS terminals?
    A) 0.5% of the transaction amount

    B) 1.0% of the transaction amount
    C) 1.5% of the transaction amount
    D) 2.0% of the transaction amount
    View answer
    Option B
    Explanation: Charges, if any, levied on cash withdrawals shall not exceed 1% of the transaction amount.
  5. Banks can take the permission to provide cash withdrawal facility at PoS terminals from?
    A) RBI

    B) No permission is required
    C) from the board of the respective bank
    D) NPCI
    View answer
    Option C
    Explanation: from the board of the respective bank
  6. Where is the headquarters of Institute for Development and Research in Banking Technology (IDBRT) located?
    A) Mumbai

    B) Chennai
    C) Hyderabad
    D) Delhi
    View answer
    Option C
    Explanation: Hyderabad
  7. Which of the following detail of recipient is very much mandatory in NEFT remittance?
    A) Account Number

    B) IFSC
    C) Name of the account holder
    D) SWIFT Code
    View answer
    Option D
    Explanation: SWIFT code is not in India for internal transactions as of now.
  8. In which year was the Indo-Nepal Remittance Scheme introduced by RBI?
    A) 2006

    B) 2008
    C) 2010
    D) 2012
    View answer
    Option B
    Explanation: In May 2008
  9. Primary (urban) co-operative banks (UCBs) with assets of _________ and above are covered under the CRILC reporting framework.
    A) Rs 100 crores

    B) Rs 200 crores
    C) Rs 300 crores
    D) Rs 500 crores
    View answer
    Option D
    Explanation: Rs 500 crores
  10. What is the full form of FATF?
    A) Financially Active Task Force

    B) Foreign And Tactical Finance
    C) Foreign Advisory Task Force
    D) Financial Action Task Force
    View answer
    Option D
    Explanation: The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.

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