Banking Awareness Quiz – Set 82
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. The set will be beneficial for the Banking and financial awareness section of LIC AAO. So attempt all the sets now.
Banking Awareness Questions
- RBI recently allowed one-time restructuring of existing loans upto ₹250 million to MSMEs that were classified as ________.
A) standard
B) Sub- Standard
C) Doubtful
D) Loss
View answer
Option A
Explanation: RBI has decided to permit a one-time restructuring of existing loans to MSMEs classified as ‘standard’ without a downgrade in the asset classification, subject to the following conditions: The aggregate exposure, including non-fund based facilities, of banks and NBFCs to the borrower does not exceed ₹250 million as on January 1, 2019.
- PPI issuers shall ensure that a complaint regarding Unauthorised Electronic Payment Transactions relating to PPI is resolved within ___ days.
A) 30 days
B) 60 days
C) 90 days
D) 120 days
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Option C
Explanation: PPI issuers shall ensure that a complaint is resolved and liability of the customer, if any, established within such time, as may be specified in the PPI issuer’s Board approved policy, but not exceeding 90 days from the date of receipt of the complaint
- What is the cut-off limit fixed by Central Vigilance Commission for reporting of cases of wilful default by the banks / FIs to RBI?
A) Rs 50 lakhs
B) Rs 1 crore
C) Rs 25 lakhs
D) Rs 10 lakhs
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Option C
Explanation: present limit of Rs.25 lakh fixed by the Central Vigilance Commission for reporting of cases of wilful default by the banks / FIs to RBI, any wilful defaulter with an outstanding balance of Rs.25 lakh or more, would attract the penal measures
- What is the deadline set by RBI for achieving cassette swap at ATM?
A) March 31, 2022
B) March 31, 2021
C) March 31, 2020
D) March 31, 2023
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Option B
Explanation: implemented in a phased manner covering at least one third ATMs operated by the banks every year, such that all ATMs achieve cassette swap by March 31, 2021.
- Who regulates Infrastructure Investment Trust (InvITs)?
A) RBI
B) NSE
C) SEBI
D) PFRDA
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Option C
Explanation: The InvITs are regulated by the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
- __________ is an instrument denominated in Indian Rupees in the form of a depository receipt created by a Domestic Depository
A) TReDS
B) RVA
C) IDR
D) MMTS
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Option C
Explanation: A foreign company can access Indian securities market for raising funds through issue of Indian Depository Receipts (IDRs). An IDR is an instrument denominated in Indian Rupees in the form of a depository receipt created by a Domestic Depository (custodian of securities registered with the Securities and Exchange Board of India) against the underlying equity of issuing company to enable foreign companies to raise funds from the Indian securities Markets.
- Which of the following bank is not a part of Kisan Credit Card (KCC) Scheme?
A) Small Finance Banks
B) Regional Rural Banks
C) Payments Bank
D) All of these
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Option C
Explanation: Since Payments Bank cannot lend
- Which of the following is an exclusive investment scheme for infrastructure projects?
A) InvIT
B) MSME
C) TReDS
D) Mutual Funds
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Option A
Explanation: An Infrastructure Investment Trust (InvITs) is Collective Investment Scheme similar to a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return.
- What is the Priority Sector Lending limit for housing loans in Metropolitan areas?
A) Rs 28 lakhs
B) Rs 20 lakhs
C) Rs 35 lakhs
D) Rs 25 lakhs
View answer
Option C
Explanation: 35 lakh in metropolitan centres (with population of ten lakh and above), and ₹ 25 lakh in other centres, provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹ 45 lakh and ₹ 30 lakh, respectively.
- ____________ is the technical compatibility that enables a payment system to be used in conjunction with other payment systems.
A) Overlay
B) Interoperability
C) Provisioning
D) Authentication
View answer
Option B
Explanation: Interoperability is the technical compatibility that enables a payment system to be used in conjunction with other payment systems. Interoperability allows PPI Issuers, System Providers and System Participants in different systems to undertake, clear and settle payment transactions across systems without participating in multiple systems.
