Quiz on Banking Awareness

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Number of Questions: 10

1. In QR code, what does R denotes?
   A) Receiver
   B) Result
   C) Range
   D) Response
   
   View answer

   Option D
   Explanation:QR stands for Quick Response Code.
2. Mr. A has account in State Bank of India. He gives an SBI Cheque to Mr. B who maintains account in Bank of Baroda. Now Mr. B will deposit this SBI Cheque in his bank. Who is the Drawer in this case?
   A) SBI
   B) Mr. A
   C) Bank of Baroda
   D) Mr. B
   
   View answer

   Option B
   Explanation: Click here for detailed concept
3. Which among the following is not a valid electronic mode of fund transfer system?
   A) CTS
   B) RTGS
   C) IMPS
   D) NEFT
   
   View answer

   Option A
   
4. NPCI has how many core promoter banks?
   A) 9
   B) 15
   C) 10
   D) 4
   
   View answer

   Option C
   Explanation: There are 10 core promoter banks of NPCI- State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank N. A. and HSBC. 
5. The small finance banks are required to maintain minimum capital adequacy ratio of __________% of its risk weighted assets (RWA) on a continuous basis
   A) 8%
   B) 12%
   C) 10%
   D) 15%
   
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   Option D
   Explanation: These banks are required to maintain a minimum capital adequacy ratio of 15% of its risk weighted assets (RWA) on a continuous basis, and ensure availability of adequate capital.
6. What is the full form of SDR?
   A) Surplus Debt Ratio
   B) Special Drawing Rights
   C) Statistical Direct Rate
   D) Strategic Data Reserve
   
   View answer

   Option B
   
7. What is the size of Rs 2000 denomination bank note in India?
   A) 66mm x 166mm
   B) 66mm x 170mm
   C) 66mm x 162mm
   D) 66mm x 160mm
   
   View answer

   Option A
   
8. How many coins minting press are there in India?
   A) 2
   B) 3
   C) 4
   D) 5
   
   View answer

   Option C
   Explanation: Coins are minted by the Government of India. The Reserve Bank is the agent of the Government for distribution, issue and handling of coins. Four mints are in operation: Mumbai in Maharashtra, Noida in Uttar Pradesh, Kolkata, and Hyderabad.
9. Name the scheme which requires minimum deposit of Rs 250 per year?
   A) Public Provident Fund (PPF)
   B) Kisan Vikas Patra (KVP)
   C) Senior Citizen Savings Scheme
   D) Sukanya Samriddhi Yojana 
   
   View answer

   Option D
   
10. The Deposit Insurance and Credit Guarantee Corporation of India (DICGC) is a fully owned subsidiary of_____________
    A) IRDA
    B) RBI
    C) SEBI
    D) PFRDA
    
    View answer

    Option B
    Explanation:Fully owned Subsidiaries of RBI :

    1. Deposit Insurance and Credit Guarantee Corporation of India(DICGC)
    2. Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL)
    3. National Housing Bank(NHB)

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