Introduction
Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, RBI Grade B, SBI PO, RRB and other banking examinations. This article Banking Awareness Quiz 14 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
In its 3rd Bi-monthly Monetary Policy Committee meeting, RBI has reduced the real GDP growth for 2019-20 from 7% to?
- A. 6.9%
B. 6.7%
C. 6.6%
D. 6.8%
In its 3rd Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has reduced the policy repo rate by 35 basis points (bps). RBI has also reduced the real GDP growth for 2019-20 from 7% to 6.9%.
Q2
NEFT is an electronic fund transfer system maintained by the Reserve Bank of India. NEFT was started in-
- A. November 2001
B. November 2012
C. November 2009
D. November 2005
National Electronic Funds Transfer is an electronic fund transfer system maintained by the Reserve Bank of India. Started in November 2005, the setup was established and maintained by the Institute for Development and Research in Banking Technology.
Q3
Who is present Managing Director & Chief Executive Officer of Oriental Bank of Commerce?
- A. Mukesh Kumar Jain
B. PS Jayakumar
C. Rakesh Sharma
D. PV Bharathi
Mukesh Kumar Jain has been appointed as Managing Director & Chief Executive Officer, Oriental Bank of Commerce and assumed charge on 15th July 2017.
Q4
What is the minimum limit on the amount that could be transferred using NEFT?
- A. Rs 2,00,000
B. Rs 10,000
C. Rs 50,000
D. No limit
There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT. However, the maximum amount per transaction is limited to ? 50,000/- for cash-based remittances within India and also for remittances to Nepal under the Indo-Nepal Remittance Facility Scheme.
Q5
Mastercard Incorporated is an _________ multinational financial services corporation.
- A. German
B. Chinese
C. American
D. Russian
Mastercard Incorporated is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in New York, United States.