Banking Awareness Quiz

Banking Awareness Quiz – Set 257: 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 is the public awareness campaign of the Reserve Bank of India?
   A) RBI Kare Satark
   B) RBI Kehta Hai
   C) RBI Se Suraksha
   D) RBI Money Awareness
   
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     Option B
   Explanation: You can see the advertisement under this campaign name
2. Which of the following account type does not pays interest to the account holder?
   A) BSBDA
   B) Saving Account
   C) Current Account
   D) RD Account
   
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     Option C
   Explanation: Interest is not paid in Current Account
3. MG Series is related to?
   A) NEFT
   B) RTGS
   C) Bank Notes in India
   D) Loans
   
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   Option C
   Explanation: Mahatma Gandhi Series bank notes
4. Which of the following entity acts as the BBPCU for Bharat Bill Payment Systems (BBPS)?
   A) RBI
   B) SBI
   C) NPCI
   D) SBI and NPCI
   
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   Option C
   Explanation: Bharat Bill Payment Central Unit (BBPCU) will be a single authorized entity operating the BBPS. NPCI is the BBPCU
5. Which platform is used to facilitate the financing of bills of MSME drawn on corporate buyers?
   A) WMA
   B) TReDS
   C) VFX
   D) SARAL
   
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   Option B
   Explanation: Trade Receivables Discounting System (TReDS).
6. _________ is one where a suspicion of fraudulent activity is thrown up by the presence of one or more Early Warning Signals (EWS).
   A) EFA
   B) MFA
   C) RFA
   D) SFA
   
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   Option C
   Explanation: Red Flagged Account (RFA)
7. IFTAS is a subsidiary of?
   A) SEBI
   B) IRDA
   C) RBI
   D) AMFI
   
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   Option C
   Explanation: Indian Financial Technology and Allied Services (IFTAS) is a wholly-owned subsidiary of the Reserve Bank of India.
8. ______________ is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time.
   A) IIS
   B) IPP
   C) IIP
   D) ISI
   
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   Option C
   Explanation: Index of Industrial Production (IIP)
9. ______________ is the buying and selling of government securities in the open market.
   A) OMO
   B) OFS
   C) IPO
   D) WMA
   
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   Option A
   Explanation: Open Market Operation (OMO)
10. What is the base year for Index of Industrial Production (IIP)?
    A) 2004-05
    B) 2011-12
    C) 2015-16
    D) 2007-08
    
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    Option B
    Explanation: The base year was changed to 2011-12 from 2004-05 in the year 2017.

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