Banking Awareness Quiz Set 3

Welcome to the readers who are getting prepare for the competitive exams and as well as for the Interviews, here they can see the Banking Awareness Quiz. Candidates can practice these Questions and answers which had given with an explanation.

Banking Awareness Quiz Set 3

1. The seed capital of Bharatiya Mahila Bank is ________

2. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________

3. Which of the following economic concepts is categorized on the basis of Current Account or Capital Account or both?

4. Lack of access to financial services is technically known as ______

5. If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, an account will become discontinued and can be revived with a penalty of _______ per year.

6. Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth

7. In Sukanya Samriddhi Account, What is the maximum limit on number of deposits either in a month or in a Financial year?

8. What is the maturity period for senior citizen savings scheme?

9. Investment under senior citizen savings scheme qualifies for the benefit of __________ of the Income Tax Act, 1961.

10. Which of the following is the most liquid money?

11. Alterations, if any, on cheques are required to be authenticated by the signature of _______

12. What is the purpose of KYC in banking?

13. Which of the following can issue commercial paper for raising short-term funds?

14. Which of the following types of cards is free from credit risk?

15. In the field of banking, what does ADF stand for?

16. Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for

17. A financial contract that derives its value from another asset or an index of asset values is known as __________

18. Which of the following types of economy is an example of a sustainable economy?

19. Inflation refers to a fall in the value of money. Which of the following is the key measure of inflation in India?

20. What is the duration of Public Provident Fund (PPF) account?

21. Under which Act are the KYC norms implemented?

22. When a customer deposits cheque to a bank, the bank is a(n)

23. Which of the following is a receipt, declaring ownership of shares of a foreign company. which can be listed in India and traded in rupees?

24. What does amortization mean?

25. What is the term for a bank without any branch network that offers its services remotely?

26. For expanding access to banking services, the RBI has advised banks to open branches with minimum infrastructure support of 8 to 10BC units at a reasonable 3-4km. Such
branches are known as _______

27. According to the Income Tax act of 1961, the age of Super senior Citizens should be _______

28. Derivatives contract which gives the buyer/holder of the contract the right(but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a
specified period is known as

29. Part of company’s earning or profit which is paid out to shareholders is known as _______



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