Banking Awareness Quiz

Banking Awareness Quiz – Set 262: 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. Cash management Bills have a maturity of _____?
   A) 1 year to 3 years
   B) less than 91 days
   C) more than 1 years
   D) more than 3 years
   
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     Option B
   Explanation: less than 91 days
2. ____________ are loans in India made by non-resident lenders in foreign currency to Indian borrowers.
   A) OCI
   B) ECB
   C) ODI
   D) WMA
   
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     Option B
   Explanation: External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers.
3. Which of the following technology is used for digital toll collection?
   A) NITC
   B) NOTC
   C) NGTC
   D) NETC
   
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   Option D
   Explanation: National Electronic Toll Collection (NETC)
4. The number *99# is associated with?
   A) NEFT
   B) RTGS
   C) USSD
   D) IMPS
   
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   Option D
   Explanation: USSD (Unstructured Supplementary Service Data)
5. RuPay card network is maintained by?
   A) MasterCard
   B) RBI
   C) NPCI
   D) VISA
   
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   Option C
   Explanation: By NPCI
6. The Overnight Mumbai Interbank Outright Rate (MIBOR) is announced by?
   A) FIMMDA
   B) RBI
   C) FBIL
   D) NPCI
   
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   Option C
   Explanation: Financial Benchmark India Private Ltd (FBIL)
7. Which of the following code is used in the NEFT transaction?
   A) MICR
   B) IFSC
   C) SWIFT
   D) MMID
   
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   Option B
   Explanation: Indian Financial System Code (IFSC)
8. In which year was the Centurion Bank of Punjab merged with HDFC Bank?
   A) 2000
   B) 2006
   C) 2008
   D) 2010
   
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   Option C
   Explanation: In 2008
9. What is the priority sector lending target for Regional Rural Banks?
   A) 40% of ANBC
   B) 75% of ANBC
   C) 25% of ANBC
   D) 50% of ANBC
   
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   Option B
   Explanation: 75% of ANBC
10. Loans up to what amount in Education sector will be considered for Priority Sector Lending?
    A) Rs 5 lakh
    B) Rs 10 lakh
    C) Rs 20 lakh
    D) Rs 50 lakh
    
    View answer

    Option C
    Explanation: Upto Rs 20 lakh

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