Banking Awareness Quiz – Set 60 – Miscellaneous

Banking Awareness Quiz: We have created many quizzes on Banking Awareness and this set is one of them. These questions 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. How many types of Priority Sector Lending Certificate (PSLC) are there?
   A) 2
   B) 5
   C) 3
   D) 4
   
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   Option D
   Explanation: PSLC Agriculture, PSLC SF/MF, PSLC Micro Enterprises and  PSLC General 
2. In ANBC, what does A stands for with respect to credit lending by banks?
   A) Adjusted
   B) Asset
   C) Average
   D) Advances
   
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   Option A
   Explanation: Adjusted Net Bank Credit
3. Expand NDTL
   A) Non Deposit and Tax Limit
   B) Net Deposit and Time Liability
   C) Net Demand and Time Liability
   D) Non Drawing and Turnover Limit
   
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   Option C
   
4. Which among the following is the current Banking Ombudsman Scheme operative in India?
   A) Banking Ombudsman Scheme 2002
   B) Banking Ombudsman Scheme 2006
   C) Banking Ombudsman Scheme 2004
   D) Banking Ombudsman Scheme 2008
   
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   Option B
   
5. In Aadhar based payment system ‘APBS’ what does B denotes?
   A) Bridge
   B) Balance
   C) Based
   D) Bank
   
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   Option A
   Explanation: Aadhaar Payment Bridge(APB) System, one of the unique payment systems implemented by NPCI, usesAadhaar number as a central key for electronically channelizing the Government benefits and subsidies in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries.
6. Which section of the Negotiable Instruments Act 1881 defines Cheque?
   A) 5
   B) 7
   C) 6
   D) 9
   
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   Option C
   
7. What is the maximum limit of Rupay Contacless per transaction?
   A) Rs 5000
   B) Rs 3000
   C) Rs 1000
   D) Rs 2000
   
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   Option D
   
8. What is the full form of IFSC?
   A) Indian Financial System Code
   B) Indian Financial Security Code
   C) Indian Financial Service Code
   D) Indian Financial Settlement Code
   
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   Option A
   Explanation: Indian Financial System Code
9. Which among the following product is managed by NPCI?
   A) Unified Payments Interface (UPI)
   B) Query Service on Aadhaar Mapper
   C) Immediate Payment Service (IMPS)
   D) All the above
   
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   Option D
   
10. T-Bills are a type of ________ .
    A) Floating coupon securities
    B) Zero coupon securities
    C) Amortizing Bond
    D) Sinkable bond
    
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    Option B
    Explanation: T-Bills are zero coupon securities and pay no interest. They are issued at a discount and redeemed at the face value at maturity.

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