Dear PaGaLGuy readers, 

We are presenting you a Banking Awareness quiz, which will be helpful in your upcoming SBI Associate Clerk Exam and also in your interview preparation. 

1. Recently which among the following bank has tied up with Future Group Company Fashion at Big
Bazaar (FBB) to offer a co-branded credit card ‘Styleup’?

(1) State Bank of India

(2) Axis Bank

(3) HDFC

(4) Kotak Mahindra Bank

(5) None of these

2. Which among the following statement is correct regarding National Electronic Funds Transfer (NEFT) system?

(1) It is a nation-wide payment system
facilitating one-to-one funds transfer.

(2) Under this Scheme, person can
electronically transfer funds from any bank branch to any person who have account
with any other bank in the country participating in the Scheme.

 (3) There is no minimum and upper limit for NEFT transactions.

(4) All are correct

(5) None of these

3. Which among the following is/are the example of Plastic money?

(1) Debit Card

(2) Credit Card

(3) All Bank notes

(4) Both 1 & 2

(5) All cards which are used for
shopping

4. Recently Hasmukh Adhia is in news.
He is appointed as a _____.

(1) New
Director of Central Board of Directors
of the RBI

(2) Former Chairman of SEBI

(3) New Financial Services Secretary

(4) Both 1 & 3

(5) New
MD and CEO of United Bank of India

5. What is the current rate of Interest rate on Basic
Saving Bank Deposit Account?

(1) 5%        

(2) 4%

(3) 7%

(4) 5.5%

(5) 8.7%

6. Pan card details are required for depositing transactions
amount exceeding _____.

(1) Rs 50,000

(2) Rs 1 lakh

(3) Rs 10,000

(4) Rs 25,000

(5) Rs 55,000

7.  What
is the maximum deposit amount insured by the Deposit
Insurance and Credit Guarantee Corporation (DICGC)?

(1) Rs 50,000

(2) Rs 1 lakh

(3) Rs 5 lakh

(4) Rs 10 lakh

(5) Rs 25,000

8. Commercial papers can be
issued in the denominations of _____.

(1) Rs 1
lakh

(2) Rs 5
lakh

(3) Rs 10
lakh

(4) Rs
50,000

(5) None of
these

9. Money borrowed or lend for period between 2 days and 14
days is known as ______.

(1) Call Money

(2) Term Money

(3) Notice Money

(4) Soft Money

(5) Hard Money

10. At which rate commercial banks borrows money
from RBI through overnight basis?

(1) Bank Rate

(2) Repo Rate

(3) MSF Rate

(4) SLR Rate

(5) CRR Rate

Answers:

Qs 1. (1)       Qs 2 (4)     Qs 3. (4)     Qs. 4 (4)   Qs 5. (2)

Qs 6 (1)      Qs 7 (2)      Qs 8 (2)     Qs 9 (3)    Qs 10 (3)