Banking Awareness Quiz
Banking Awareness Quiz – Set 266: 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.
- ____________ are loans where the borrower has defaulted in repayment or where the loan has been restructured.
A) Weak assets
B) SMA assets
C) Stressed assets
D) Harm assets
- Who authorizes an entity to commence or operate a payment system in India?
A) NPCI
B) RBI
C) Ministry of Finance
D) SEBI
- Central Government determines the inflation target once in how many years?
A) 4
B) 5
C) 6
D) 8
- The Monetary Policy Committee has how many members?
A) 3
B) 5
C) 6
D) 8
- ____________ is an independent banking industry watchdog that protects consumers of banking services in India?
A) FIMMDA
B) BCSBI
C) FBIL
D) SEBI
- In which year was the Real Time Gross Settlement (RTGS) system introduced by RBI?
A) 2002
B) 2000
C) 2004
D) 2006
- Which of the following technology aims to reduce the scope of cheque fraud and cheque processing time?
A) NEFT
B) RTGS
C) CTS
D) UPI
- ________ is the act of substituting a valid existing contract with a replacement contract, where all concerned parties mutually agree to make the switch.
A) Derivation
B) Novation
C) Clearing
D) Obligation
- What is the limit for Farm Credit – to Individual farmers that can qualify for Priority Sector lending?
A) Rs 10 lakhs
B) Rs 25 lakhs
C) Rs 50 lakhs
D) Rs 75 lakhs
- New Bank of India was merged with which bank?
A) State Bank of India
B) Punjab National Bank
C) Bank of India
D) Bank of Baroda