Banking 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.
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Question 1 of 10
1. Question
1 points
What is the full form of FATF?
Correct
Incorrect
Explanation: The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.
Question 2 of 10
2. Question
1 points
Primary (urban) co-operative banks (UCBs) with assets of _________ and above are covered under the CRILC reporting framework.
Correct
Incorrect
Question 3 of 10
3. Question
1 points
In which year was the Indo-Nepal Remittance Scheme introduced by RBI?
Correct
Explanation: In May 2008
Incorrect
Explanation: In May 2008
Question 4 of 10
4. Question
1 points
Which of the following detail of recipient is NOT mandatory in NEFT Transactions?
Correct
Explanation: SWIFT code is not in India for internal transactions as of now.
Incorrect
Explanation: SWIFT code is not in India for internal transactions as of now.
Question 5 of 10
5. Question
1 points
Where is the headquarters of Institute for Development and Research in Banking Technology (IDBRT) located?
Correct
Incorrect
Question 6 of 10
6. Question
1 points
Which of the following card type cannot be used for cash withdrawal at PoS terminals?
Correct
Explanation: credit cards cannot be used under this facility.
Incorrect
Explanation: credit cards cannot be used under this facility.
Question 7 of 10
7. Question
1 points
What is the limit on the amount of cash that can be withdrawnat PoS terminals in Tier III to VI centres. (per card)?
Correct
Explanation: ₹2,000/- per day per card in Tier III to VI centres.
Incorrect
Explanation: ₹2,000/- per day per card in Tier III to VI centres.
Question 8 of 10
8. Question
1 points
What is the limit on the amount of cash that can be withdrawnat PoS terminals in Tier I to II centres. (per card)?
Correct
Explanation: At Tier I and II centres, the withdrawal limit is ₹1,000/- per day per card.
Incorrect
Explanation: At Tier I and II centres, the withdrawal limit is ₹1,000/- per day per card.
Question 9 of 10
9. Question
1 points
What is the maximum charge that can be levied on withdrawing cash at PoS terminals?
Correct
Explanation: Charges, if any, levied on cash withdrawals shall not exceed 1% of the transaction amount.
Incorrect
Explanation: Charges, if any, levied on cash withdrawals shall not exceed 1% of the transaction amount.
Question 10 of 10
10. Question
1 points
Banks can take the permission to provide cash withdrawal facility at PoS terminals from?