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 21 presents the model questions related to some Banking Awareness topics useful to the candidates preparing all Bank exams.
Q1
Which funds transfer system involves transfer of money from one bank to another on a "real time" basis?
- A. NEFT
B. RTGS
C. EFT
D. ECS
Real-time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. Settlement in "real time" means payment transaction is not subjected to any waiting period.
Q2
The account in which trading of shares in their electronic form is done is known as _____.
- A. Demat Account
B. NRI Account
C. NRIO Account
D. Current Account
In India, shares and securities are held electronically in a dematerialized account or D mat Account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).
Q3
Which of the following category of cheques is valid only in a given city and a given branch in which drawer has an account?
- A. Local Cheque
B. Original Cheque
C. Open Cheque
D. Crossed Cheque
Local cheque is valid only in the given city and a given branch in which drawer has an account.
Q4
Which of the following bank is headquartered in Kolkata and has the tagline- ‘A tradition of trust’?
- A. Bank of Baroda
B. Allahabad Bank
C. Canara Bank
D. Corporation Bank
It’s the Allahabad bank, which is headquartered in Kolkata and has the Tradition of trust as its tagline. Moreover, the bank is headed by Usha Anantha subramanian.
Q5
The new version of Bharat Interface for Money app, BHIM 2.0 will now support how many additional languages with existing 13 languages?
- A. 3
B. 4
C. 5
D. 6
• On October 21, 2019, the Union minister of law & justice, communications, electronics & Information Technology (IT), Shri Ravi Shankar Prasad unveiled several new initiatives in the first MeitY Start-up Summit 2019 held in New Delhi.
• One of the initiatives unveiled in the summit is BHIM 2.0 with new functionalities.
• BHIM 2.0 apart from the existing 13 languages, now supports additional languages namely Konkani, Bhojpuri, and Haryanvi. ‘Donation’ gateway, increased transaction limits for high-value transactions are the other additional features.