Banking Quiz.

Banking & Financial Awareness Quiz – Set 181

Banking & Financial 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. What is the applicable limit for social infrastructure loans under priority sector?
    A) Rs 1 crore

    B) Rs 2 crore
    C) Rs 5 crore
    D) Rs 10 crore
    View answer
      Option C
    Explanation: Bank loans up to a limit of ₹ 50 million per borrower for building social infrastructure for activities namely schools, health care facilities, drinking water facilities and sanitation facilities (including loans for construction/ refurbishment of toilets and improvement in water facilities in the household) in Tier II to Tier VI centres are eligible for classification under priority sector.
  2. ATMs set up, owned and operated by non-banks are called ________
    A) PLA

    B) WLA
    C) BLA
    D) MLA
    View answer
      Option B
    Explanation: White Label ATM
  3. A transaction carried at an ATM of the bank which is different from the card issuing bank or a transaction at a WLA is called an _____ transaction.
    A) Off-On

    B) On-Us
    C) On-On
    D) Off-Us
    View answer
    Option D
    Explanation: Off-Us transaction
  4. What is the interest payable on PPI balances.
    A) Linked to repo rate

    B) Interest Rate +1%
    C) 3.5%
    D) No interest
    View answer
    Option D
    Explanation: No interest is payable on PPI balances.
  5. The cash loading of Prepaid Instruments is limited to ________ per month
    A) Rs 10,000

    B) Rs 50,000
    C) Rs 25,000
    D) Rs 30,000
    View answer
    Option B
    Explanation: he cash loading of PPIs is limited to ₹ 50,000/- per month subject to overall limit of the PPI.
  6. Who is the Appellate Authority in case of Banking Ombudsman Scheme?
    A) Governor of RBI

    B) Deputy Governor of RBI
    C) Executive Director of RBI
    D) CGM of RBI
    View answer
    Option B
    Explanation: Deputy Governor
  7. Which of the following do not permit cash withdrawal?
    A) RuPay Card

    B) Semi-closed System PPI
    C) Open System PPI
    D) Maestro Cards
    View answer
    Option B
    Explanation: Semi-closed System PPI
  8. Which of the following is India’s first official housing price index?
    A) RESINDEX

    B) HOUSEINDEX
    C) HOMEINDEX
    D) RESIDEX
    View answer
    Option D
    Explanation: NHB RESIDEX, India’s first official housing price index, was an initiative of the National Housing Bank (NHB)
  9. SWF is a fund owned by a state composed of financial assets such as stocks, bonds, property or other financial instruments. Expand SWF.
    A) Systematic Wide Fund

    B) Systematic Wealth Fund
    C) Sovereign Wealth Fund
    D) Simple Wealth Fund
    View answer
    Option C
    Explanation: Sovereign Wealth Fund
  10. What is the minimum paidup capital of TReDS?
    A) Rs 10 crore

    B) Rs 20 crore
    C) Rs 25 crore
    D) Rs 50 crore
    View answer
    Option C
    Explanation: Since the TReDS will not be allowed to assume any credit risk, its minimum paid up equity capital shall be Rs. 25 crore

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