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
Which of the following is a monetary policy tool under which a large sum of new money is printed and distributed among the public for spending?
Correct
Explanation: Helicopter Money is an unconventional monetary policy tool under which a large sum of new money is printed and distributed among the public for spending.
Incorrect
Explanation: Helicopter Money is an unconventional monetary policy tool under which a large sum of new money is printed and distributed among the public for spending.
Question 2 of 10
2. Question
1 points
Category: Banking Awareness
What is the other name for “Rupee denominated bonds overseas”?
Correct
Explanation: A Masala Bond is a type of bond which is issued by any company, denominated in Indian Rupee and issue outside India.
Incorrect
Explanation: A Masala Bond is a type of bond which is issued by any company, denominated in Indian Rupee and issue outside India.
Question 3 of 10
3. Question
1 points
Category: Banking Awareness
Who coined the term Helicopter Money?
Correct
Explanation: The term was coined by American economist Milton Friedman in 1969.
Incorrect
Explanation: The term was coined by American economist Milton Friedman in 1969.
Question 4 of 10
4. Question
1 points
Category: Banking Awareness
What is the minimum quantity of gold to be deposited under the Gold Monetization Scheme?
Correct
Explanation: Minimum Quantity of Gold: The minimum deposit at any one time shall be 30 grams
Incorrect
Explanation: Minimum Quantity of Gold: The minimum deposit at any one time shall be 30 grams
Question 5 of 10
5. Question
1 points
Category: Banking Awareness
What is the limit for Investment in equipments in Service Sector of Medium Enterprise?
Correct
Explanation: More than Rs 2 crore but does not exceed Rs 5 crore
Incorrect
Explanation: More than Rs 2 crore but does not exceed Rs 5 crore
Question 6 of 10
6. Question
1 points
Category: Banking Awareness
Which of the following bank cannot issue Kisan Credit Card?
Correct
Explanation: Payments Bank cannot lend
Incorrect
Explanation: Payments Bank cannot lend
Question 7 of 10
7. Question
1 points
Category: Banking Awareness
Which of the following bank is also known as BRICS Bank?
Correct
Explanation: New Development Bank was established by the BRICS nations of Brazil, Russia, India, China and South Africa with an aim to mobilize resources for infrastructure and sustainable development projects in BRICS economies.
Incorrect
Explanation: New Development Bank was established by the BRICS nations of Brazil, Russia, India, China and South Africa with an aim to mobilize resources for infrastructure and sustainable development projects in BRICS economies.
Question 8 of 10
8. Question
1 points
Category: Banking Awareness
A bank may provide differential rates of interest in savings account above __________ .
Correct
Explanation: A bank may provide differential rates of interest in savings account above Rs 1 lakh.
Incorrect
Explanation: A bank may provide differential rates of interest in savings account above Rs 1 lakh.
Question 9 of 10
9. Question
1 points
Category: Banking Awareness
Under the Liberalised Remittance Scheme (LRS), what is the maximum amount (total) that can be remitted in a Financial Year?
Correct
Explanation: Maximum Frequency of Remittance: There are no restrictions on the frequency of remittances under LRS. However, the sum total of all remittance should not be more than USD 2,50,000 in a Financial Year.
Incorrect
Explanation: Maximum Frequency of Remittance: There are no restrictions on the frequency of remittances under LRS. However, the sum total of all remittance should not be more than USD 2,50,000 in a Financial Year.
Question 10 of 10
10. Question
1 points
Category: Banking Awareness
For short duration crops, a loan is said to be NPA when the instalment of principal or interest thereon remains overdue for ______ crop seasons.
Correct
Explanation: For short duration crops- the instalment of principal or interest thereon remains overdue for two crop seasons. For long duration crops- the instalment of principal or interest thereon remains overdue for one crop season.
Incorrect
Explanation: For short duration crops- the instalment of principal or interest thereon remains overdue for two crop seasons. For long duration crops- the instalment of principal or interest thereon remains overdue for one crop season.
Leaderboard: Banking Awareness Quiz for Bank Exam - Set 6
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