Adda Banking Awareness Quiz for Bank Exam – Set 10
Banking Awareness Section plays an important part in every bank’s examination like IBPS PO/Clerk/SO, SBI, RBI, NABARD, etc. Result Addaprovides you ‘banking awareness quiz’ based on the latest pattern to judge your knowledge for upcoming banks exam. So, stay updated on regular basis and take the quiz and analyze your preparation level. Banking Awareness quiz helps you to enhance your preparation level and to score good marks in this section. In Banking exam, this part has a question related to the History of banking, Functions of Banks, Role of Banks in India, Banks and their taglines, schemes, Banking committees, Bank’s Headquarters, New Appointments etc.
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Based on the Current Affairs and Important News of we have framed important current affairs questions for banking and other competitive exams. These current affairs quiz questions will be helpful for upcoming competitive exams such as IBPS PO & Clerk, RRB PO & Clerk, SBI PO & Clerk, RBI Grade B & Assistant, SSC, CPO, Railway NTPC, Police & Defence exams. Give our online current affairs test every day to be prepared for all Current Affairs Quiz
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Question 1 of 10
1. Question
1 points
Category: Banking Awareness
To be eligible as Domestic Systemically Important Banks (D-SIBs) in India what is the minimum size the bank should have?
Correct
Explanation: The first condition is that a Bank having a size of more than 2% of GDP can be selected as D-SIBs.
Incorrect
Explanation: The first condition is that a Bank having a size of more than 2% of GDP can be selected as D-SIBs.
Question 2 of 10
2. Question
1 points
Category: Banking Awareness
Where is the headquarters of Banks Board Bureau (BBB) located?
Correct
Explanation: Mumbai, Maharashtra
Incorrect
Explanation: Mumbai, Maharashtra
Question 3 of 10
3. Question
1 points
Category: Banking Awareness
Which was the first industrial country to be rated by a Credit Rating Agency (CRA)?
Correct
Explanation: The first industrial country to be rated was France, by S&P in 1959.
Incorrect
Explanation: The first industrial country to be rated was France, by S&P in 1959.
Question 4 of 10
4. Question
1 points
Category: Banking Awareness
What is the Tenor of TLTRO?
Correct
Explanation: Tenor of LTRO- 1 to 3 years; Tenor of TLTRO- 3 years
Incorrect
Explanation: Tenor of LTRO- 1 to 3 years; Tenor of TLTRO- 3 years
Question 5 of 10
5. Question
1 points
Category: Banking Awareness
A bank which is incorporated in a country where it has no physical presence and is unaffiliated to any regulated financial group is known as?
Correct
Explanation: Shell Bank
Incorrect
Explanation: Shell Bank
Question 6 of 10
6. Question
1 points
Category: Banking Awareness
Which of the following is the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions in India?
Correct
Explanation: Financial Intelligence Unit – India (FIU-IND)
Incorrect
Explanation: Financial Intelligence Unit – India (FIU-IND)
Question 7 of 10
7. Question
1 points
Category: Banking Awareness
The process in which legal money is used for illegal purposes is known as?
Correct
Explanation: Example- terror financing. In this process, legitimate funds are taken out of regular circulation and is used for criminal activity and/or avoid tax.
Incorrect
Explanation: Example- terror financing. In this process, legitimate funds are taken out of regular circulation and is used for criminal activity and/or avoid tax.
Question 8 of 10
8. Question
1 points
Category: Banking Awareness
Which of the following code is used for branch identification number in Cheque based clearing?
Correct
Explanation: It is a nine digit code, Used as branch identification number in Cheque based clearing, ECS and ACH.
Incorrect
Explanation: It is a nine digit code, Used as branch identification number in Cheque based clearing, ECS and ACH.
Question 9 of 10
9. Question
1 points
Category: Banking Awareness
The fee being charged on the merchant by the service providers at the time the customer makes the payment using his/her card on the PoS machine is known as?
Correct
Explanation: Merchant Discount Rate (MDR)
Incorrect
Explanation: Merchant Discount Rate (MDR)
Question 10 of 10
10. Question
1 points
Category: Banking Awareness
What is the maximum deposit limit under the Gold Monetization Scheme?
Correct
Explanation: Minimum Quantity of Gold: The minimum deposit at any one time shall be 30 grams; Maximum Quantity of Gold: No Maximum Limit
Incorrect
Explanation: Minimum Quantity of Gold: The minimum deposit at any one time shall be 30 grams; Maximum Quantity of Gold: No Maximum Limit
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