Banking quiz

Banking Awareness Quiz – Set 283

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
    View answer
      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
    View answer
      Option B
    Explanation: In 1949.
  3. What does S stand for in CISBI?
    A) Service

    B) Supervisory
    C) System
    D) Stable
    View answer
    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
    View answer
    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
    View answer
    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
    View answer
    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
    View answer
    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
    View answer
    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
    View answer
    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
    View answer
    Option A
    Explanation: rade Receivables Discounting System (TReDS)

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