Banking Awareness Quiz

Banking Awareness Quiz – Set 296: This post contains Banking Awareness Quiz for Banking and Insurance exams like IBPS PO/Clerk, SBI PO/Clerk, RBI Assistant/ GRADE B, NABARD, RRB PO/Clerk, NIACL, NICL and LIC AAO/Assistant etc. These Banking Awareness sets will guide you in all upcoming banking and insurance exams.

1. What is the number of digits used to represent the universal account number?
   A) 10
   B) 20
   C) 12
   D) 16
   
   View answer

   Option C
   Explanation: There are 12 number digits which is represented for the universal account number.
2. Pan card is issued under which section of the Income Tax Act?
   A) 139A
   B) 150B
   C) 89A
   D) 162A
   
   View answer

   Option A
   Explanation: Pancard will be issued under section 139A of the Income Tax Act.
3. Society for Worldwide Interbank Financial Telecommunication (SWIFT) is 8 to 11 _________.
   A) digital code
   B) alphabetic code
   C) alpha-numerical code
   D) Roman code
   
   View answer

   Option B
   Explanation: Society for Worldwide Interbank Financial Telecommunication (SWIFT) is 8 to 11 alphabetic code.
4. ISIN is a 12 alphanumeric code which represents the first two characters as the country code. What is the full form of ISIN?
   A) International Securities Indian Number
   B) Indian Service Identification Number
   C) International Securities Identification Number
   D) Identification Service of International Numbers
   
   View answer

   Option C
   Explanation: The full form of ISIN is International Securities Identification Number.
5. In IFS code what is the 5^th character used?
   A) alphabet
   B) Roman
   C) 0
   D) branch code
   
   View answer

   Option C
   Explanation: The 5^th character used in IFS code is 0.
6. What is the full form of PPI?
   A) Postpaid Payment Instrument
   B) Prepaid Payment Instrument
   C) PostOffice Payment Inclusion
   D) none of the above
   
   View answer

   Option B
   Explanation: Prepaid Payment Instrument
7. Miraj State Bank has been acquired by which bank in the year 1985?
   A) State Bank of India
   B) Canara Bank
   C) Punjab National Bank
   D) Union Bank of India
   
   View answer

   Option D
   Explanation:In 1985, Union Bank of India has acquired mirage State Bank which was established in 1929 with 26 branches.
8. India’s first golf centric credit card was launched by which bank?
   A) State Bank of India
   B) RBL Bank
   C) Union Bank of India
   D) Punjab National Bank
   
   View answer

   Option B
   Explanation: India’s first golf centric credit card was launched by RBL bank in association with the Indian golf union.
9. In rupee card what do you understand by CVD?
   A) credit validation data
   B) card verified data
   C) card validation data
   D) card validity data
   
   View answer

   Option C
   Explanation: Card validation data.
10. The prepaid instrument is issued as __________.
    A) smart cards
    B) online wallets
    C) both A and B
    D) none of the above
    
    View answer

    Option C
    Explanation: The prepaid instrument can be issued as the smart cards, magnetic strip cards, Internet account, online wallets, mobile wallets, paper vouchers, etc.

Read Banking Awareness Topics

Attempt Banking Awareness Quiz