Banking Awareness Quiz

Banking Awareness Quiz – Set 283: 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. Which of the following is not an example of plastic money?
   A) Debit Card
   B) Credit Card
   C) ATM Card
   D) UPI
   
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     Option D
   Explanation: Plastic Money includes- Debit and Credit cards
2. In which year was the Reserve Bank of India nationalized?
   A) 1934
   B) 1949
   C) 1950
   D) 1935
   
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     Option B
   Explanation: In 1949.
3. What does S stand for in CISBI?
   A) Service
   B) Supervisory
   C) System
   D) Stable
   
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   Option C
   Explanation: Central Information System for Banking Infrastructure
4. Which of the following is not a Financial Sector Regulator?
   A) RBI
   B) SEBI
   C) EXIM
   D) IRDAI
   
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   Option C
   Explanation: EXIM is not a regulator.
5. Who is the chairperson of Financial Stability and Development Council (FSDC)?
   A) Governor of RBI
   B) Deputy Governor of RBI
   C) Finance Minister of India
   D) Finance Secretary of India
   
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   Option C
   Explanation: Financial Stability and Development Council (FSDC-Chair: Hon’ble Union Finance Minister)
6. The website “Pension Sanchay” is onwed by?
   A) RBI
   B) Ministry of Finance
   C) PFRDA
   D) IRDAI
   
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   Option C
   Explanation: PFRDA has launched a dedicated website called “Pension Sanchay” in 2018. Through this website, PFRDA aims towards addressing the need of financial literacy from the perspective of retirement planning.
7. Udyami Mitra Portal is manged by?
   A) RBI
   B) SIDBI
   C) SEBI
   D) NABARD
   
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   Option B
   Explanation: Udyami Mitra Portal aims to aims at instilling ease of access to MSMEs financial and non-financial service needs.
8. UPI was launched by NPCI in which year?
   A) 2017
   B) 2016
   C) 2018
   D) 2015
   
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   Option B
   Explanation: Remember the year of demonetization.
9. Which entity operates large-value payment system in India?
   A) NPCI
   B) RBI
   C) SIDBI
   D) SEBI
   
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   Option B
   Explanation: RBI operates the large-value payment system (RTGS) and retail payment systems (NEFT), other retail payment system products (CTS, AEPS, NACH, UPI, IMPS etc.) are operated by National Payments Council of India (NPCI).
10. ___________ was put in place to facilitate Electronic Bill Factoring Exchanges, which could electronically accept and auction MSME bills so that MSMEs could realize their of receivables without delay.
    A) TReDS
    B) SIDBI
    C) UIDAI
    D) NCFE
    
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    Option A
    Explanation: rade Receivables Discounting System (TReDS)

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