Banking Awareness Quiz

Banking Awareness Quiz – Set 289: 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. The Handbook of Statistics on the Indian Economy is released annually by which of the following?
   A) Ministry of Finance
   B) National Payments Corporation of India
   C) Reserve Bank of India
   D) Small Industries Development Bank of India
   
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     Option C
   Explanation: The Reserve Bank of India
2. In ___________, an IPO applicant’s bank account doesn’t get debited until shares are allotted to them.
   A) ADDS
   B) ASBA
   C) ABSA
   D) ASSA
   
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     Option B
   Explanation: ASBA (Applications Supported by Blocked Amount) is a process developed by India’s Stock Market Regulator SEBI for applying to IPOs, Rights issue, FPS etc.
3. A bank which is recognized as a bank capable of providing ASBA services to its customers is known as?
   A) SCSB
   B) SCSS
   C) SABS
   D) SBSS
   
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   Option
   Explanation: Self certified syndicate bank (SCSB)
4. Which of the following is another name for bad loans?
   A) Over draft
   B) Non performing Asset
   C) Stop loan
   D) Liability Loan
   
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   Option B
   Explanation: NPA
5. What is the share of State Government in Regional Rural Bank?
   A) 50%
   B) 15%
   C) 35%
   D) 20%
   
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   Option B
   Explanation: The Government of India, the concerned State Government and the sponsor bank contribute to the share capital of RRBs in the proportion of 50%, 15% and 35%, respectively.
6. As per the Banking Ombudsman Scheme, a person can file a complaint to the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of _________.
   A) 12 month
   B) 6 month
   C) 3 month
   D) 1 month
   
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   Option D
   Explanation: 1 month
7. National Housing Bank (NHB) is a wholly owned subsidiary of ___________
   A) Reserve Bank of India
   B) Government of India
   C) SIDBI
   D) NABARD
   
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   Option B
   Explanation: 100% stake is with GoI
8. What is the maturity period of Public Provident Fund (PPF​) account?
   A) 10 years
   B) 7 years
   C) 8 years
   D) 15 years
   
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   Option D
   Explanation: Maturity Period: 15 years. But the same can be extended within one year of maturity for further 5 years and so on.
9. What is the minimum yearly investment required in Sukanya Samriddhi Yojana?
   A) Rs 150
   B) Rs 500
   C) Rs 250
   D) Rs 100
   
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   Option C
   Explanation: Minimum Rs. 250 can be invested in one financial year. Maximum investment of Rs. 1,50,000 can be made in one financial year
10. ____________ refers to individuals and populations without access to common financial services
    A) Financial Deprivation
    B) Financial Exclusion
    C) Banking Access
    D) Financial Spam
    
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    Option B
    Explanation: Financial exclusion

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