Banking Awareness Quiz

Banking Awareness Quiz – Set 250: 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. Primary (Urban) Co-operative Banks (UCBs) may be placed under Supervisory Action Framework (SAF) when its Net NPAs exceed ______ of its net advances.
   A) 5%
   B) 6%
   C) 7%
   D) 8%
   
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     Option B
   Explanation: A UCB may be placed under SAF when its Net NPAs exceed 6% of its net advances.
2. Primary (Urban) Co-operative Banks (UCBs) may be placed under Supervisory Action Framework (SAF) when its CRAR falls below _______.
   A) 6%
   B) 7%
   C) 8%
   D) 9%
   
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     Option D
   Explanation: A UCB may be placed under SAF when its CRAR falls below 9%.
3. What does V stand for in V-CIP with reference to KYC?
   A) Virtual
   B) Video
   C) Vital
   D) Visual
   
   View answer

   Option B
   Explanation: Video based Customer Identification Process (V-CIP)
4. In case of offline verification of Aadhaar using XML file or Aadhaar Secure QR Code, the XML file or QR code generation date should not be more than ________ days from the date of carrying out V-CIP.
   A) 2
   B) 3
   C) 4
   D) 5
   
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   Option B
   Explanation: In case of offline verification of Aadhaar using XML file or Aadhaar Secure QR Code, it shall be ensured that the XML file or QR code generation date is not older than 3 days from the date of carrying out V-CIP.
5. The short-term investments by an FPI shall not exceed ____ of the total investment of that FPI in either Central Government Securities (including Treasury Bills) or State Development Loans
   A) 20%
   B) 25%
   C) 30%
   D) 35%
   
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   Option C
   Explanation: increased from 20% to 30%.
6. The short-term investments by an FPI shall not exceed ______ of the total investment of that FPI in corporate bonds.
   A) 20%
   B) 25%
   C) 30%
   D) 35%
   
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   Option C
   Explanation: increased from 20% to 30%.
7. FPIs are allowed to invest in Exchange Traded Funds that invest only in _______ instruments.
   A) debt
   B) equity
   C) both
   D) none
   
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   Option A
   Explanation: FPIs are also allowed to invest in Exchange Traded Funds that invest only in debt instruments.
8. For Regional Rural Banks to act as merchant acquiring banks using Aadhaar Pay – BHIM app and POS terminals, it must have which of the following permission from RBI?
   A) internet banking
   B) NEFT
   C) RTGS
   D) mobile banking
   
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   Option D
   Explanation: The RRB should have the permission for mobile banking from the Reserve Bank
9. Which organization serves for promotion of MSME sector in India?
   A) RBI
   B) SEBI
   C) SIDBI
   D) NABARD
   
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   Option C
   Explanation: SIDBI
10. Which of the following is an Indian law aimed at effective prevention of unlawful activities associations in India?
    A) UPA 1967
    B) UAPA 1958
    C) UAPA 1967
    D) UPA 1958
    
    View answer

    Option C
    Explanation: Unlawful Activities (Prevention) (UAPA) Act, 1967

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