Banking Awareness Quiz For IBPS | RBI | SBI | NABARD | LIC | 30-11-2023

 

Dear Readers,

Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness quizzes on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.

Question 1: Which of the following is NOT a type of bank account?

निम्नलिखित में से कौन सा बैंक खाता का प्रकार नहीं है?

(a) Savings account

(b) Current account

(c) Fixed deposit account

(d) Demat account

(e) Trading account

Answer: (e) 

Question 2: What is the Reserve Bank of India (RBI)?

भारतीय रिज़र्व बैंक (RBI) क्या है?

(a) The Central Bank of India

(b) A commercial bank

(c) A government-owned bank

(d) A private-sector bank

(e) A foreign bank

Answer: (a) 

Question 3: What is the repo rate?

रेपो रेट क्या है?

(a) The rate at which the RBI borrows money from commercial banks

(b) The rate at which the RBI lends money to commercial banks

(c) The rate at which commercial banks lend money to each other

(d) The rate at which the RBI sets the maximum interest rate for savings accounts

(e) The rate at which the RBI sets the minimum interest rate for loans

Answer: (b) 

Question 4: What is a non-performing asset (NPA)?

गैर-निष्पादित परिसंपत्ति (एनपीए) क्या है?

(a) A loan that is unlikely to be repaid

(b) A loan that is more than 90 days past due

(c) A loan that is in default

(d) All of the above

(e) None of the above

Answer: (d) 

Question 5: What is the National Payments Corporation of India (NPCI)?

भारतीय राष्ट्रीय भुगतान निगम (एनपीसीआई) क्या है?

(a) An organization that regulates the banking industry in India

(b) An organization that promotes financial inclusion in India

(c) An organization that facilitates digital payments in India

(d) An organization that protects consumer rights in India

(e) An organization that provides financial literacy training in India

Answer: (c) 

Question 6: What is a credit score?

एक क्रेडिट स्कोर क्या है?

(a) A numerical representation of a person's creditworthiness

(b) A factor used by lenders to determine the interest rate on a loan

(c) A measure of a person's ability to repay debt

(d) All of the above

(e) None of the above

Answer: (d)

Question 7: What is a debit card?

डेबिट कार्ड क्या है?

(a) A card that allows a person to withdraw money from their bank account

(b) A card that allows a person to make purchases using their bank account

(c) Both of the above

(d) None of the above

Answer: (c) 

Question 8: What is a credit card?

एक क्रेडिट कार्ड क्या होता है?

(a) A card that allows a person to borrow money from their bank account

(b) A card that allows a person to make purchases and pay for them later

(c) Both of the above

(d) None of the above

Answer: (c) 

Question 9: What is a PIN (Personal Identification Number)?

पिन (व्यक्तिगत पहचान संख्या) क्या है?

(a) A secret code used to verify a person's identity

(b) A number used to access a person's bank account

(c) Both of the above

(d) None of the above

Answer: (c) 

Question 10: What is financial fraud?

वित्तीय धोखाधड़ी क्या है?

(a) Any act that is intended to deceive or exploit another person for financial gain

(b) Identity theft, credit card fraud, and investment scams are all examples of financial fraud

(c) It is important to protect yourself from financial fraud by taking steps to safeguard your personal information and financial accounts

(d) All of the above

(e) None of the above

Answer: (d)