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.
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
Who regulates Depository and Depository Participants in India?
Correct
Explanation: The Securities and Exchange Board of India (SEBI) is responsible for the regulation of Depository and Depository Participants ranging from registration, regulation and inspection of the depository.
Incorrect
Explanation: The Securities and Exchange Board of India (SEBI) is responsible for the regulation of Depository and Depository Participants ranging from registration, regulation and inspection of the depository.
Question 2 of 10
2. Question
1 points
Category: Banking Awareness
__________ is an organization which holds securities with it in De-Mat form.
Correct
Explanation: Depository is an organization which holds securities with it in De-Mat form i.e electronic format. Depository (NSDL or CSDL) interacts with its clients/investors through its agents known as Depository Participants also known as DPs.
Incorrect
Explanation: Depository is an organization which holds securities with it in De-Mat form i.e electronic format. Depository (NSDL or CSDL) interacts with its clients/investors through its agents known as Depository Participants also known as DPs.
Question 3 of 10
3. Question
1 points
Category: Banking Awareness
How many depositories are there in India?
Correct
Explanation: In India, there are two depositories: Central Depository Services Ltd. (CDSL) and National Securities Depository Ltd (NSDL).
Incorrect
Explanation: In India, there are two depositories: Central Depository Services Ltd. (CDSL) and National Securities Depository Ltd (NSDL).
Question 4 of 10
4. Question
1 points
Category: Banking Awareness
A bank is permitted to issue PSLCs upto ____ percent of previous year’s PSL achievement.
Correct
Explanation: A bank is permitted to issue PSLCs upto 50 percent of previous year’s PSL achievement.
Incorrect
Explanation: A bank is permitted to issue PSLCs upto 50 percent of previous year’s PSL achievement.
Question 5 of 10
5. Question
1 points
Category: Banking Awareness
How many types of Priority Sector Lending Certificates are there in India?
Correct
Explanation: Four type- PSLC Agriculture, PSLC SF/MF, PSLC Micro Enterprises and PSLC General
Incorrect
Explanation: Four type- PSLC Agriculture, PSLC SF/MF, PSLC Micro Enterprises and PSLC General
Question 6 of 10
6. Question
1 points
Category: Banking Awareness
The range of Statutory Liquidity Ratio (SLR) that RBI can prescribe can vary between 0% to ____ %.
Correct
Explanation: RBI can prescribe SLR ranging from 0% to 40%.
Incorrect
Explanation: RBI can prescribe SLR ranging from 0% to 40%.
Question 7 of 10
7. Question
1 points
Category: Banking Awareness
What is the maximum compensation under the Banking Ombudsman Scheme of RBI?
Correct
Explanation: Maximum Rs 20 lakh or the amount of loss suffered by the complainant arising directly out of the act or omission of the bank, whichever is lower.
Incorrect
Explanation: Maximum Rs 20 lakh or the amount of loss suffered by the complainant arising directly out of the act or omission of the bank, whichever is lower.
Question 8 of 10
8. Question
1 points
Category: Banking Awareness
What is the full form of CVV?
Correct
Explanation: Card Verification Value
Incorrect
Explanation: Card Verification Value
Question 9 of 10
9. Question
1 points
Category: Banking Awareness
In Cheque clearing, _____________ means signing on the face or back of the cheque for the purpose of negotiating.
Correct
Explanation: Endorsement of a Cheque
Incorrect
Explanation: Endorsement of a Cheque
Question 10 of 10
10. Question
1 points
Category: Banking Awareness
“Virtual Payment Address” is a feature in?
Correct
Explanation: Virtual Payment Address or VPA (UPI ID) – A Virtual Payment Address (VPA) is a unique identifier which you can use to send and receive money on UPI. Think of it as an email ID which you can use to transfer money. Example: [email protected]
Incorrect
Explanation: Virtual Payment Address or VPA (UPI ID) – A Virtual Payment Address (VPA) is a unique identifier which you can use to send and receive money on UPI. Think of it as an email ID which you can use to transfer money. Example: [email protected]
Leaderboard: Banking Awareness Quiz for Bank Exam - Set 005
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