Banking Awareness 9th September 2019: Daily Banking Awareness quiz is playing a major role in any competitive exam. so here we are providing the current affairs quiz on daily basis for Bank, SSC & Railway Exams you can also read previous quizzes from Here
Q1. A bank is called as Scheduled Bank, when_________.
(a) Its business has crossed Rs. 1000 crore mark
(b) Its branch network is over 100
(c) It is included in the second Schedule of the RBI Act
(d) When it complies with all the three above
(e) None of the given options is true
Q2. National Bank for Agriculture and Rural Development is an apex development financial institution in India. It is an institution fully owned by-?
(a) Micro Finance Institutions
(b) SEBI
(c) Reserve Bank of India
(d) Government of India
(e) None of the given options is true
Q3. What is the upper limit prescribed for RTGS transaction?
(a) Rs. 5 lacs
(b) Rs. 1 lacs
(c) Rs. 25 lacs
(d) Rs. 50 lacs
(e) No upper limits is prescribe
Q4. Distribution of insurance products and insurance policies by banks as corporate agents is known as_________.
(a) General Insurance
(b) Non-life Insurance
(c) Bancassurance
(d) Insurance Banking
(e) Deposit Insurance
Q5. Which of the following committees/Task Forces was set up to suggest reforms in Banking Sector?
(a) Swaminathan Committee
(b) Narasimham Committee
(c) Rajinder Sachar Committee
(d) Task Force on Infrastructure
(e) None of the given options is true
Q6. FINO stands for__________.
(a) Financial Investment Network and Operations
(b) Farmers Investment in National Organization
(c) Farmers Inclusion News and Operations
(d) Financial Inclusion Network and Operations
(e) None of the given options is true
Q7. When the rate of inflation increases_________.
(a) Value of money increases
(b) Increase in demand for goods relative to supply
(c) Purchase power of money increases
(d) Purchasing power of money remains unaffected
(e) Amount of money in circulation decreases
Q8. Which of the following is the main advantage of ASBA, with the applicants for share allotment?
(a) ASBA applicant has got certain preference in allotment of shares as compared to general applicants
(b) ASBA applicants need not remit the fund for allotment of shares, he/she will do after shares are allotment to him/her
(c) ASBA applicant has got secured allotment of shares
(d) ASBA applicants deposit/OD account is not debited, only the funds are blocked for the same and he/she continues to avail interest till the shares are allotted to him/her
(e) None of the given options is true
Q9. Interest on saving bank account is now calculated by banks on________.
(a) Minimum balance during the month
(b) Minimum balance from 7th to last day of the month
(c) Minimum balance from 10th to last day of the month
(d) Maximum balance during the month
(e) Daily basis
Q10. A centralized database with online connectivity to branches, internet as well as ATM-network which has been adopted by almost all major banks of our Country is known as __________.
(a) Investment banking
(b) Core banking
(c) Mobile banking
(d) National banking
(e) Specialized banking
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