Banking Awareness Quiz Set 2

Dear aspirants, here you can see the Banking Awareness Quiz which consists of Questions And Answers with a brief explanation. So we provided for the candidates who are interested in preparing for all competitive exams.

Banking Awareness Quiz Set 2

1. The IMGC is the sole provider of mortgage guarantor for housing finance in India. The alphabet “I” in the abbreviation IMGC stands for________

2. According to RBI guidelines the term ‘bulk deposit’ is used for single rupee term deposit of ________

3. The national agency mandated to control, analyze and disseminate Suspicious Transaction Reports(STR), Cash Transaction Reports and counterfeit currency reports to various
investigative agencies of the country after receiving it from banks and other financial intermediaries is ________

4. A collection of non-bank financial intermediaries that provide services similar to traditional commercial banks is known as _________

5. The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______

6. According to Reserve Bank of India Regulations, “Universal Banks” are permitted to pick up stake in Payment Banks up to _________

7. An NBFC-MFI is defined as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds
of ________

8. Which are defined as total assets other than cash and bank balances and money market instruments?

9. The Minimum Net Owned Fund for NBFC-MFIs registered in the North-Eastern Region of the country is _________

10. In SNRR Account, SNRR stands for _________

11. What is the full form of RDA?

12. FATF, an Intergovernmental Organization is headquartered in __________

13. FATF stands for ________

14. How many members are there in FATF?

15. _________ is a way of transferring personal remittances from abroad to beneficiaries in India

16. Which of the following is an observer of FATF?

17. The Overseas Principal should obtain necessary authorization from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system?

18. How many remittances can be received by a single individual beneficiary under the scheme during a year?

19. What is the maximum limit on the amount of money that can be sent under MTSS?

20. What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India?

21. _________ is an account maintained in foreign currency with an Authorised Dealer Bank.

22. Who is/are eligible to open an EEFC Account?

23. Which of the following percentage of foreign exchange earnings can be credited to the EEFC account?

24. What is the minimum maturity period for Rupee Denominated Bonds?

25. An EEFC account can be held only in the form of ________

26. Which of the following can issue Rupee denominated bonds?

27. Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to __________

28. Which of the following account can be repatriable?

29. What is the maximum amount that can be raised through issuance of Rupee denominated bonds under automatic route?

30. Which of the following does not have a savings account?



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