Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 02-9-2023

 

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-If a credit card is lost, the card member should call up the Customer Helpline number and he says his request for deactivating the card. This is called-

(1) Hotlisting 

(2) Crosslisting 

(3) Shortlisting

 (4) Blocklisting 

(5) None of these.

2-A cheque which is issued today must be presented at the bank for payment within a stipulated period. After the expiry of that period, no payment will be made, and it is then called ———.

(1) Mutilated Cheque 

(2) Stale cheque 

(3) Crossed cheque

(4) Open cheque 

(5) None of these

3-Which of the following is not true about NPA in banks?

(1) It is usually a loan that is not producing income

(2) It is created If a borrower misses paying his equated monthly instalment (EMI) for 90 days.

(3) High NPA are a sign of good financial health.

(4) Asset Reconstruction Companies (ARC)buy bank NPA at a discount along with the right to

recover the money.

(5) None of these

4-What is the maximum population limit for a commercial bank branch to be declared as a rural branch?

(1) 1 lac 

(2) 2 lac 

(3) 4 lac 

(4) 5 lac

 (5) None of these

5-What does the Current Ratio mean?

(1) company’s ability to pay back its long-term liabilities

(2) It is the ratio of net debt to total liabilities

(3) It is the ratio of liquid assets to current liabilities

(4) company’s ability to pay back its short-term liabilities

(5) None of these

6-Interest spread is a commonly used term in banking. What does it describe?

(1) The sum total of discount and interest from loans.

(2) aggregate deposits plus aggregate advances.

(3) total interest earned over total interest expended.

(4) total interest earned less the non-interest expenses.

(5) None of these

7-Consider the following statements-

(A)The Kisan Credit Card (KCC) Scheme was introduced in August 2000.

(B)Allied and non-farm activities are also covered under the Scheme.

(C) The Validity period of the KCC is 3 years.

Which of the statements given above is/are true?

(1) Only A 

(2) Only B 

(3) Only C

(4) All A, B and C 

(5) None of these

8-Recently, RBI has directed Banks to issue prepaid Payment Instruments to listed corporations. Which of the following are examples of prepaid Payment Instruments-

(A) smart cards

 (B) paper vouchers

(C) mobile accounts

 (D) internet wallets

(1) Only Aand B 

(2) Only B and C

 (3) Only A, B and D

(4) Only A, C and D

 (5) All A, B, C and D

9-Which of the following Private sector Banks has launched personal loan Swift?

(1) Axis Bank 

(2) ICICI Bank

 (3) HDFC Bank

(4) IDBI Bank 

(5) None of these

10-The crop insurance scheme is being implemented at which among the following levels under the National Agricultural Insurance Scheme (NAIS)?

(1) Village 

(2) Panchayat 

(3) District 

(4) State 

(5) None of these

Answer Key-

1-Sol. (1)

2-Sol. (2) 

3-Sol. (3)

4-Sol. (1)

5-Sol. (4)

6-Sol. (3)

7-Sol. (2)

8-Sol. (5)

9-Sol. (3)

10-Sol. (3)