Quiz on Banking Awareness

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Number of Questions: 10

1. What does E denotes in EBRD?
   A) External
   B) European
   C) Eastern
   D) Economic
   
   View answer

   Option B
   Explanation: European Bank for Reconstruction and Development (EBRD)
2. Capital Adequacy Ratio is also known as CRAR, where A stands for?
   A) Amount
   B) Adequacy
   C) Assets
   D) Advance
   
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   Option C
   Explanation: CRAR is the acronym for capital to risk weighted assets ratio. Capital Adequacy Ratio is also known as Capital to Risk Assets Ratio, is the ratio of a bank’s capital to its risk.
3. Which of the following is the latest version of UPI?
   A) UPI 2.0
   B) UPI 1.0
   C) UPI 2.1
   D) UPI 1.1
   
   View answer

   Option A
   Explanation: In UPI 2.0, the per transaction cap has been increased to Rs 2 lakhs.
4. The Receivables Exchange of India Ltd (RXIL) is a joint venture between NSE and __________
   A) RBI
   B) SIDBI
   C) SEBI
   D) NABARD
   
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   Option B
   Explanation: Receivables Exchange of India Ltd (RXIL) was set up on February 25, 2016 as a joint venture of Small Industries Development Bank of India (SIDBI) and National Stock Exchange of India Limited (NSE), with an objective to operate India’s First Trade Receivables Discounting System (TReDS) – an online platform for financing of receivables of Micro, Small & Medium Enterprises. RXIL commenced operations on January 09, 2017.
5. Who is the Chairman of the Indian Banks’ Association (IBA)?
   A) A S Rajeev
   B) Ashok Pradhan
   C) Atul Kumar Goel
   D) Sunil Mehta
   
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   Option D
   Explanation:The Indian Banks Association (IBA) has elected Punjab National Bank’s managing director and chief executive, Sunil Mehta, as the new chairman for 2018-19.
6. What does C stands for in ECB?
   A) Capital
   B) Credit
   C) Commercial
   D) Corporate
   
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   Option C
   Explanation: External Commercial Borrowing
7. What is the share of the Central government in the Goods and Services Tax Network (GSTN)?
   A) 50%
   B) 75%
   C) 25%
   D) 100%
   
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   Option A
   Explanation: The entire 51% equity held by the Non-Government Institutions in GSTN will be acquired equally by the Centre (50%) and the State Governments (50%).
8. What does F symbolizes in FPI?
   A) Functional
   B) Financial
   C) Fiscal
   D) Foreign
   
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   Option D
   Explanation: Foreign Portfolio Investments (FPIs)
    
9. RBI will reduce SLR Rate by 25 bps at a regular interval of _________ till it reaches 18%
   A) 12 months
   B) 6 months
   C) 3 months
   D) 1 month
   
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   Option C
   
10. Small Finance Banks are Licensed under which section of the Banking Regulation Act?
    A) Section 19
    B) Section 22
    C) Section 25
    D) Section 24
    
    View answer

    Option B
    Explanation: Under Section 22 of the Banking Regulation Act, 1949

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