Banking Awareness Quiz - Set 112

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1. What is the maximum amount for which an e-wallet issued by a bank can be loaded from a KYC compliant account?
1. Rs. 50,000
2. Rs. 1,00,000
3. Rs. 20,0000
4. Any amount
5. None of the above 
2. In case of a contact less card the Additional Factor of Authentication is waved for transaction up to maximum amount of Rs. ____________
1. 1,000
2. 2,000
   
3. 5,000
4. 10,000
5. None of the above 
3. In which year RBI announced Banking Ombudsman scheme ?
1. 1992
2. 1993
3. 1994
4. 1995
5. 1996
4. The slip of paper attached to negotiable instrument for making endorsement is called :
1. Aperture
2. Adjunct
3. Allonge
4. Endorsement Slip
5. Annexe
5. What are the advantages of "Green Initiative" as advised by Finance Ministry to Banks?
1. Increased use of Core Banking Solution (CBS)
2. Increased use of Video Conferencing
3. Offering of centralised payment system through submembership route to all banks to facilitate direct Electronic Benefit Transfer (EBT)
4. Increased use of Electronic Payment
5. All the above
6. Who is appointed as the new Chairman of LIC of India?
1. V.K. Sharma
2. Gurdip Singh
3. R. Chandrasekhar
4. S. Kalyanraman
5. R.S. Sharma
7. A special crossing must have the following feature :
1. Addition of a bank's name on the face of the cheque
2. Two transverse parallel lines with "not negotiable" notation
3. Crossing should be in the mid-dle of cheque only
4. "Account Payee" between two parallel transverse lines
5. 2 & 3 only
8. RBI does not transact business of which of the following State Governments ?
1. Telangana
2. Nagaland
3. Sikkim
4. Jammu & Kashmir
5. Bihar 
9. The maximum number of times a cheque can be presented for payment is :
1. Two
2. Three
3. Five
4. None of the above
5. No such limit
10. NPA norms are not applicable to which type of loans ?
1. Term Loans
2. Cash Credit Accounts
3. Loan against deposits, life insurance
4. 1 & 2 only
5. None of the above 
11. Current Liability means:
1. Liability towards outsiders payable within six months
2. Liability towards outsiders payable within three months
3. Liability towards outsiders payable within one month
4. Liability towards outsiders payable within one year
5. None of the above 
12. What is the maximum number of withdrawals in a month from Basic Saving Bank Deposit account ?
1. 2
2. 4
3. 6
4. 8
5. 10 
13. Hot Money refers to :
1. Black Money
2. Rs. 2,000 and above
3. Industrial money available
4. Money easily
5. NRI Deposits
14. How much loan given under SME to cover CGTMSE without any collateral security ?
1. Rs. 100 lakh
2. Rs. 200 lakh
3. Rs. 50 lakh
4. Rs. 150 lakh
5. Rs. 25 lakh 
15. Weaker Section Target as per Priority Sector guidelines is :
1. 10% of ANBC or CEOBE whichever is higher.
2. In terms of total priority sector it is 25%
3. 25% of ANBC
4. 15% of ANBC
5. 1 & 2
16. Loans to micro and small service enterprises up to :
1. Rs. 2 Crore
2. Rs. 5 Crore
3. Rs. 1 Crore
4. Rs. 10 lakh
5. Rs. 25 lakh
17. In Pradhan Mantri Fasal Bima Yojana (PMFBY) the premium is :
1. 1.5% for Rabi crops
2. 2% for Kharif crops
3. 2% for Rabi crop
4. 2.5% for Kharif crop
5. 1 & 2
18. Which of the following Private Banks that received in-principle approval from RBI?
1. ICICI
2. HDFC
3. Yes Bank
4. Axis Bank
5. None of the above 
19. UPI is a payment system that allows money transfer between any two bank accounts by using a Smartphone. UPI stands for:
1. Union Payment Interface
2. United Payment Interface
3. Unified Payment Interface
4. Universal Payment Interface
5. Useful Payment Interface
20. How is UPI different from IMPS?
1. UPI enables the user to transfer funds from more than one account of same bank or other banks
2. Provides for a P2P Pull functionality
3. Simplifies Merchant Payment
4. Single APP for money transfer
5. All the above 

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