Banking Awareness Quiz

Banking Awareness Quiz – Set 279: These questions on Banking Awareness 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. e-RUPI has been launched by?
   A) RBI
   B) SEBI
   C) IRDAI
   D) NPCI
   
   View answer

     Option D
   Explanation: NPCI
2. Which state in India, has the highest number of Urban Cooperative Banks?
   A) Maharashtra
   B) Uttar Pradesh
   C) Gujarat
   D) Karnataka
   
   View answer

     Option A
   Explanation: Maharashtra has highest
3. National Centre for Financial Education (NCFE) has been set up by?
   A) RBI and SEBI
   B) RBI, SEBI, PFRDA and IRDAI
   C) RBI, Ministry of Finance and SEBI
   D) RBI, SEBI and IRDAI
   
   View answer

   Option B
   Explanation: National Centre for Financial Education (NCFE) in which RBI holds 30% stake i.e Rs 30 crore out of 100 crores. SEBI and IRDAI holds Rs 30 Crore each and the remaining Rs 10 crore in NCFE is held by PFRDA.
4. Who regulates credit rating agencies in India?
   A) RBI
   B) Ministry of Finance
   C) SEBI
   D) PFRDA
   
   View answer

   Option C
   Explanation: The SEBI (Credit Rating Agencies) Regulations, 1999 gives this power to SEBI.
5. What amount of money deposited by customers in NBFC is insured by DICGC?
   A) Rs 1 lakh
   B) Rs 2 lakh
   C) Rs 5 lakh
   D) None of these
   
   View answer

   Option D
   Explanation: money deposited in NBFC is not insured by DICGC
6. NBFC is considered to be systemically important NBFCs when its asset size is of _______ or more.
   A) Rs 100 crore
   B) Rs 500 crore
   C) Rs 250 crore
   D) Rs 300 crore
   
   View answer

   Option B
   Explanation: Any NBFC is considered to be systemically important NBFCs when its asset size is of ₹ 500 cr or more as per last audited balance sheet.
7. Four friends Ram, Shyam, Sita and Geeta have taken education loans worth Rs 10 lakh, Rs 5 lakh, Rs 25 lakh and Rs 30 lakh respectively. Whose loan is ineligible for priority sector lending?
   A) Ram, Seeta and Geeta
   B) Sita
   C) Geeta
   D) Sita and Geeta
   
   View answer

   Option D
   Explanation: Loans upto Rs 20 lakh in education comes under PSL.
8. Which of the following detail is not required to transfer fund using NEFT?
   A) IFSC Code
   B) Bank Name
   C) Account Type detail
   D) SWIFT Code
   
   View answer

   Option D
   Explanation: Swift code is required for international money/message transfer.
9. How many types of Priority Sector Lending Certificates are present?
   A) 3
   B) 4
   C) 5
   D) 8
   
   View answer

   Option B
   Explanation: There are four kinds of PSLCs :– PSLC Agriculture; PSLC SF/MF; PSLC Micro Enterprises; PSLC General
10. What is the minimum size of Priority Sector Lending Certificates?
    A) Rs 5 lakh
    B) Rs 10 lakh
    C) Rs 20 lakh
    D) Rs 25 lakh
    
    View answer

    Option D
    Explanation: The PSLCs would have a standard lot size of ₹ 25 lakh and multiples thereof.

Read Banking Awareness Topics

Attempt Banking Awareness Quiz