GK - Banking & Insurance - SPLessons
boy2

IBPS PO Mains Banking Awareness Quiz 6

Home > > Tutorial
SPLessons 5 Steps, 3 Clicks
5 Steps - 3 Clicks

IBPS PO Mains Banking Awareness Quiz 6

shape Introduction

Banking Awareness is an important section in the employment-related competitive exams in India. In particular, exams like IBPS, SBI and other bank-related employment exams have banking awareness questions along with the general awareness section. The Banking Awareness section primarily has questions related to the History of Banking, Banking Terms, Banking Products, Functions of Banks, Banks and their Taglines, Schemes, Committees related to Banking, Headquarters of Banks, most recent Banking News, Apps launched by Banks, New Schemes, Monetary Policies, etc.
IBPS PO Mains Banking Awareness Quiz 6 article provides the list of several bank-related questions to prepare aspirants of different competitive exams in India, primarily for banking-related employment. The article IBPS PO Mains Banking Awareness Quiz 6 is very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS RRB, Railways, Civil Services etc.

shape Quiz

1. DICGC is a subsidiary of Reserve bank of india for the purpose of providing insurance of deposits and guaranteeing of credit facilities. What is the abbreviation of I in DICGC?
    A. India B. Industrial C. Insurance D. Information E. Integration

Answer - Option C
2. ANBC is the net bank credit plus investments made by banks in non-SLR bonds held in the held-to-maturity category equivalent amount of off-balance-sheet exposure, whichever is higher. What is the abbreviation of ANBC?
    A. Advance Non-Bank Credit B. Advance Net Bank Category C. Adjusted Net Bank Credit D. Advance Net Bank Credit E. Advance Net Bank Category

Answer - Option C
3. SHG is a village-based financial intermediary committee usually composed of 10–200 local women or men. What is the abbreviation of SHG?
    A. self-held group B. Securities -help group C. self-help group D. squares-help group E. service-help group

Answer - Option C
4. The _________ scheme is a credit scheme introduced which was prepared by the NABARD on the recommendations of R.V.GUPTA committee to provide term loans and agricultural needs.
    A. Kisan Capital Card B. Kisan Central Card C. Kisan Credit Card D. Kaushal Credit Card E. Kisan Company Card

Answer - Option C
5. The ______ Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks.
    A. Adjusted Net Bank Credit B. Internal Ombudsman C. Kisan Credit Card D. Banking Ombudsman E. self-help group

Answer - Option D
1. FEMA an act initiated to facilitate external trade and payments and to promote orderly management of the forex market in the country.What is the abbreviation of E in FEMA?
    A. Electronic B. European C. Exchange D. External E. Eternal

Answer - Option C
2. FERA is an act promulgated, to regulate payments and foreign exchange in India.What is the abbreviation of FERA?
    A. Foreign Electrical Regulation Act B. Foreign Exchange Regulation Act C. Foreign Export Regulation Act D. Floating Exchange Regulation Act E. Forward Exchange Regulation Act

Answer - Option B
3. RTGS is an electronic form of funds transfer where the transmission takes place on a real time basis and transfer of funds with RTGS is done for high value transactions, the minimum amount being _____
    A. Rs 2.5 lakh B. Rs 4 lakh C. Rs 2 lakh. D. Rs 3 lakh E. Rs 1 lakh

Answer - Option C
4. National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of money from one bank or bank branch to another.The maximum transaction limit of NEFT per transaction is _______.
    A. 20000 B. 70000 C. 50000 D. 60000 E. 55000

Answer - Option C
5. IFSC code is a unique eleven-digit number which is a combination of alphabets and numerals,which is used to transfer funds online for NEFT, IMPS and RTGS transactions.What is the acronym for IFSC?
    A. Indian Financial Service Code B. Industrial Functional System Code C. Investment Financial System Code D. Indian Financial System Code E. Indian Functional System Code

Answer - Option D
1. MICR is a product of highly advanced Character Recognition Technology (CRT) used by banks to verify cheques for clearance.What is the acronym of C in MICR?
    A. Credit B. Commercial C. Central D. Character E. Code

Answer - Option D
2. A SWIFT code is an international bank code that identifies particular banks worldwide. It’s also known as a _________
    A. Bank B. Bank Identifier Certificate C. Bankruptsy Code D. Bank Identification Code E. Bank Identifier Code

Answer - Option E
3. A _______ is a negotiable instrument similar to a bill of exchange that can be issued to a client, directing another bank or one of its own branches to pay a certain sum to the specified party.
    A. Crossed Cheque B. Demand Draft C. Cheque D. Bill E. Letter of Credit

Answer - Option B
4. Which of the following comes under plastic money?
    A. Credit card B. Debit card C. Smart card D. All of the above E. None of these

Answer - Option D
5. NPCI aims to allow all Indian citizens to have unrestricted access to e-payment services. What is the acronym for C in NPCI?
    A. Credit B. Company C. Cash D. Corporation E. Co-ordination

Answer - Option D

Related Information
IBPS PO Mains Banking Awareness Quiz 5
IBPS PO Mains Computer Aptitude Quiz 14
IBPS PO Data Analysis & Interpretation Quiz 3
Book for Banking Awareness
Hide Index Show Index