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-Which bank is the largest commercial bank in India by assets?
a. State Bank of India
b. Punjab National Bank
c. HDFC Bank
d. ICICI Bank
Answer: a.
2-What is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for a depositor in case of bank failure?
a. Rs. 1 lakh
b. Rs. 5 lakhs
c. Rs. 10 lakhs
d. Rs. 15 lakhs
Answer: b.
3-Which of the following is not a type of bank account?
a. Savings Account
b. Current Account
c. Demat Account
d. Credit Account
Answer: d.
4-Which of the following is not a function of the Reserve Bank of India (RBI)?
a. Issuance of currency
b. Regulation of the banking sector
c. Formulation of monetary policy
d. Regulation of the stock market
Answer: d.
5-What is the current repo rate as per the latest monetary policy review by the Reserve Bank of India (RBI)?
a. 3.5%
b. 4%
c. 4.5%
d. 5%
Answer: b.
6-What is the full form of NPA in banking?
a. Non-Performing Assets
b. Net Profit After Tax
c. Non-Payment Account
d. National Pension Account
Answer: a.
7-Which of the following is a credit rating agency in India?
a. CIBIL
b. FICO
c. Experian
d. Equifax
Answer: a.
8-Which of the following is not a type of bank card?
a. Debit Card
b. Credit Card
c. ATM Card
d. Ledger Card
Answer: d.
9-Which of the following is a bank established exclusively for women entrepreneurs?
a. Mahila Bank
b. Bharatiya Mahila Bank
c. Women's Bank of India
d. Shakti Bank
Answer: b.
10-Which of the following is not a scheduled commercial bank in India?
a. Axis Bank
b. HDFC Bank
c. Indian Overseas Bank
d. LIC Housing Finance Limited
Answer: d.
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MAHENDRA GURU