Banking Awareness Quiz

Banking Awareness Quiz – Set 252: 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. What is the minimum net worth requirement for Financial Benchmark Administrator (FBA)?
   A) Rs 50 lakh
   B) Rs 1 crore
   C) Rs 5 crore
   D) Rs 10 crore
   
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     Option B
   Explanation: FBAs shall maintain a minimum net worth of ₹ 1 crore at all times.
2. The MANI app of RBI serves what purpose?
   A) to make people aware of digital payment methods
   B) to encourage financial inclusion
   C) to aid visually impaired persons to identify the denomination of Indian Banknotes
   D) to spread awareness about phishing in online payments
   
   View answer

     Option C
   Explanation: “Mobile Aided Note Identifier (MANI)”
3. Which of the following payment system is not available on 24×7 basis?
   A) NEFT
   B) IMPS
   C) UPI
   D) RTGS
   
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   Option D
   Explanation: presently RTGS is not available for 24×7
4. Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector is conducted by?
   A) SIDBI
   B) SEBI
   C) RBI
   D) NPCI
   
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   Option C
   Explanation: The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008.
5. Treasury Bills auction in India is conducted by?
   A) SEBI
   B) State Government
   C) RBI
   D) NPCI
   
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   Option C
   Explanation: RBI conducts this auction
6. A TAN number has how many characters?
   A) 8
   B) 10
   C) 12
   D) 16
   
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   Option B
   Explanation: 10 characters
7. What is the definition of Small Enterprises in MSME?
   A) Investment< Rs. 10 crore
   B) Investment>= Rs. 1 crore and < Rs. 10 crore AND Turnover < Rs.10 crore
   C) Investment< Rs. 10 crore AND Turnover < Rs.10 crore
   D) Investment>= Rs. 1 crore and < Rs. 10 crore AND Turnover < Rs.50 crore
   
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   Option D
   Explanation: Small- Investment>= Rs. 1 crore and < Rs. 10 crore AND Turnover < Rs.50 crore
8. Education loans upto _______ as eligible for priority sector lending.
   A) Rs 5 lakh
   B) Rs 10 lakh
   C) Rs 15 lakh
   D) Rs 20 lakh
   
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   Option B
   Explanation: Education– Loans upto Rs 10 lakh.
9. What does C stand for in ECB?
   A) Collective
   B) Credit
   C) Clearing
   D) Commercial
   
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   Option D
   Explanation: External Commercial Borrowing
10. Which of the following is not a key features of UPI 2.0?
    A) Overdraft facility
    B) One Time Mandate
    C) Invoice in the inbox
    D) Digital Secure
    
    View answer

    Option D
    Explanation: The fourth one is – Signed intent & QR

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