Banking Awareness Quiz

Banking Awareness Quiz – Set 270: 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. The Reserve Bank of India Core Banking Solution system is known by which name?
   A) E-Lakshmi
   B) E-Kuber
   C) E-Dhan
   D) E-Maal
   
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   Option B
   Explanation: E-Kuber
2. The Cheque Transaction System is in use in India from which year?
   A) 2010
   B) 1014
   C) 2020
   D) 2012
   
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   Option A
   Explanation: Cheque Transaction System or Image-based Clearing System, in India, is a project of the Reserve Bank of India, commenced in 2010, for faster clearing of cheques
3. How many banks are currently under the prompt corrective action (PCA) framework of RBI?
   A) Two
   B) Five
   C) Three
   D) Four
   
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   Option C
   Explanation: Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework
4. SAARCFINANCE is a network of central bank governors and finance secretaries of the SAARC region. Which country is the present chair of the SAARCFINANCE?
   A) Nepal
   B) India
   C) Indonesia
   D) Sri Lanka
   
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   Option B
   Explanation: SAARCFINANCE is a network of central bank governors and finance secretaries of the SAARC region. The Reserve Bank of India is the present chair of the SAARCFINANCE from October 2019 to March 2021.
5. The Report on Currency and Finance (RCF) is released by which organisation?
   A) Reserve Bank of India
   B) Ministry of Finance
   C) Indian Banks’ Association
   D) Banking Codes and Standards Board of India
   
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   Option A
   Explanation: Reserve Bank of India
6. Which among the following measures can lead to more foreign direct investment (FDI) in India?
   A) production-linked incentive (PLI) scheme
   B) improved ease of doing business
   C) opening up of the insurance sector
   D) all of the above
   
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   Option D
   Explanation: All the three are correct
7. Currently, how many banks figures in the domestic systemically important banks (D-SIBs) list of RBI?
   A) 7
   B) 5
   C) 3
   D) 4
   
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   Option C
   Explanation: 3. State Bank of India (SBI), ICICI Bank, and HDFC Bank
8. What is the maximum amount of insurance cover provided by DICGC to the bank customers, upon the liquidation of the bank?
   A) Rs 5 lakh
   B) Rs 1 lakh
   C) Rs 3 lakh
   D) Rs 2 lakh
   
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   Option A
   Explanation: When a bank fails, the insurance cover offered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) is Rs 5 lakh effective from February 4, 2020
9. The CSB Bank plans to increase its number of branches by 30% year-on-year, having opened 101 new branches in FY21. Where is the headquarter of the bank based?
   A) Chennai
   B) Thrissur
   C) Mumbai
   D) Jaipur
   
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   Option B
   Explanation: Thrissur
10. The Financial Stability Report is released by which organisation?
    A) MoF
    B) IBA
    C) FICCI
    D) RBI
    
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    Option D
    Explanation: Reserve Bank of India’s 

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