Banking Awareness Quiz

Banking Awareness Quiz – Set 303: This post contains Banking Awareness Quiz for Banking and Insurance exams like IBPS PO/Clerk, SBI PO/Clerk, RBI Assistant/ GRADE B, NABARD, RRB PO/Clerk, NIACL, NICL and LIC AAO/Assistant etc. These Banking Awareness sets will guide you in all upcoming banking and insurance exams.

1. The asset after 12 months period of NPA is termed as
   A) Doubtful Assets
   B) Standard Assets
   C) Loss Assets
   D) Substandard Assets
   
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   Option B
   Explanation: The asset after 12 months period of NPA is termed as Standard Assets.
2. What is the % shareholding of Government in IPPB?
   A) 100
   B) 20
   C) 30
   D) 50
   
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   Option A
   Explanation: There is 100% shareholding of Government in IPPB.
3. Which among the following is correct regarding payment banks?
   A) cannot set up subsidiary
   B) lend loans
   C) accept NRI deposit
   D) Issue credit cards
   
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   Option A
   Explanation: Cannot set up subsidiary is the correct option regarding payments Bank.
4. What is the minimum paid up capital of UCBs?
   A) 1 lakh
   B) 2 lakh
   C) 3 lakh
   D) 4 lakh
   
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   Option A
   Explanation: The minimum paid up capital of UCBs is 1 lakh.
5. When was Kisan Vikas Patra launched?
   A) 1988
   B) 1937
   C) 1989
   D) 1997
   
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   Option A
   Explanation: Kisan Vikas Patra was launched in 1988.
6. What is FDI limit in small finance Banks?
   A) 26%
   B) 49%
   C) 74%
   D) 80%
   
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   Option C
   Explanation: FDI limit in small finance Banks is 74%.
7. What is the tenure of PPF?
   A) 15 years
   B) 5 years
   C) 1 year
   D) 10 years
   
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   Option A
   Explanation: The Tenure of PPF is 15 years.
8. Who among the following is not eligible to implement KCC scheme?
   A) Public Sector Banks
   B) Private Sector Banks
   C) RRBs
   D) Payment Banks
   
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   Option D
   Explanation: Payments bank is not eligible to implement KCC scheme.
9. Cheques which have been written by the drawer, and dated at some point in the past is known as
   A) stale cheque
   B) Post dated cheque
   C) Ante dated cheque
   D) Crossed cheque
   
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   Option C
   Explanation: Cheques which have been written by the drawer, and dated at some point in the past is known as Ante dated cheque.
10. The Senior Citizens Saving Scheme or SCSS is a government-backed investment scheme for senior citizens above the age of 60. What is the minimum amount in the scheme?
    A) 1000
    B) 10000
    C) 1 lakh
    D) 15 lakh
    
    View answer

    Option A
    Explanation: The Senior Citizens Saving Scheme or SCSS is a government-backed investment scheme for senior citizens above the age of 60. The minimum amount of the scheme is Rs. 1000.

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