Dear Readers,
Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness Quiz on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.
1-What is the maximum amount that can be invested in a Public Provident Fund (PPF) account in a financial year?
एक वित्तीय वर्ष में सार्वजनिक भविष्य निधि (PPF) खाते में अधिकतम कितनी राशि का निवेश किया जा सकता है?
a) Rs. 1 lakh
b) Rs. 1.5 lakhs
c) Rs. 2 lakhs
d) Rs. 2.5 lakhs
Answer: b
2-What is the minimum age to open a savings bank account in India?
a) 16 years
b) 18 years
c) 21 years
d) 25 years
Answer: b
3-What is the full form of NPA?
a) Non-Performing Assets
b) Non-Performing Accounts
c) Non-Profit Assets
d) Non-Profit Accounts
Answer: a
4-What is the current repo rate set by the Reserve Bank of India (RBI)?
a) 4%
b) 4.25%
c) 4.5%
d) 4.75%
Answer: b
5-What is the maximum amount that can be transferred through NEFT in India?
a) Rs. 1 lakh
b) Rs. 2 lakhs
c) Rs. 5 lakhs
d) No maximum limit
Answer: d
6-What is the full form of CRR?
a) Cash Reserve Ratio
b) Credit Rating Ratio
c) Current Reserve Ratio
d) Capital Reserve Ratio
Answer: a
7-Which of the following is a type of fixed deposit account offered by banks?
a) Monthly income scheme
b) Recurring deposit account
c) Demat account
d) Current account
Answer: b
8-What is the maximum limit of a transaction through UPI in India?
a) Rs. 10,000
b) Rs. 1 lakh
c) Rs. 2 lakhs
d) No maximum limit
Answer: d
9-What is the full form of SWIFT?
a) Society for Worldwide Interbank Financial Telecommunication
b) Society for Worldwide Interbank Financial Transactions
c) Society for Worldwide Interbank Financial Transfer
d) Society for Worldwide Interbank Financial Technology
Answer: a
10-Which of the following is not a type of debit card issued by banks?
a) Mastercard
b) Visa
c) Rupay
d) American Express
Answer: d
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MAHENDRA GURU