Dear PaGaLGuY readers,

The General Knowledge section which include Banking Awareness and Current Affairs questions forms an important component of many competitive exams, including IBPS, SBI, SSC,NABARD, RBI, UPSC entrance examinations. We, therefore, presenting you a Banking Awareness Quiz in order to take care of your

General Knowledge

preparation needs. All the Best!

1. Which among the following banks has launched a money
transfer service on Twitter?

(1) HDFC Bank

(2) SBI

(3) ICICI Bank

(4) Axis Bank

(5) Yes Bank

2. Recently, State Bank of India along with
Ezetap launched “Chota ATMs” in _____.

(1) Karnataka

(2) Andhra Pradesh

(3) Tamil Nadu

(4) Kerala

(5) Goa

3. What is the current Bank Rate?

(1) 9.5%

(2) 8.75%

(3) 8.50%

(4) 8%

(5) 7.75%

4. Which one of the following is not a ‘Money
Market Instrument’?

(1) Treasury
Bills  

(2)
Commercial Paper

(3)
Certificate of Deposit   

(4) Equity
Shares

(5) None of these   

5. What is the maximum deposit amount insured by
DICC?

(1) Rs 2,00,000
per depositor per bank

(2) Rs 2,00,000
per depositor across all 

(3) Rs 1,00,000
per depositor per bank

(4)  Rs 1,00,000 per depositor across all banks   

(5) None of these   

6. Banking Ombudsman Scheme is applicable to the
business of ____.

(1) All
scheduled commercial banks excluding RRBs 

(2) All
Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co-operative
Banks

 (3) Only Public Sector Banks

(4) All
Banking Companies   

(5) All
scheduled banks except private banks   

7. As per a proposal put up by the RBI, what
should be the minimum capital required for opening new banks in the private
sector?

(1) Rs. 300 crores  

(2) Rs. 250 crores  

(3) Rs. 500 crores 

(4) Rs. 1,000 crores

(5) None of these 

8. Money deposited at a bank that cannot be
withdrawn for a preset fixed period of time is known as a ______ .

(1) Term deposit  

(2) Checking Account  

(3) Savings Bank Deposit   

(4) No Frills Account  

(5) Current Deposit  

9. A worldwide financial messaging network which
exchanges messages between banks and financial institutions is known as
_______.

(1) CHAPS  
                              

(2) SWIFT 

(3) NEFTY
              

(4) SFMS  

(5) CHIPS 

10. What does BPLR stand for?

(1) Basic
Priority Lending rate

(2) Below
Poverty Line Register  

(3)
Benchmark Prime Lending Rate  

(4) Base
Primary Lending Rate  

(5) None of these  

Answers:

Qs 1 (3) – ICICI       

Qs (2) 4 – Kerala     

Qs 3 (2) – 8.7%   

 Qs 4 (4) – Equity Shares

Qs 5 (3) – Rs 1,00,000 per depositor per bank             

Qs 6 (2) All Scheduled Commercial Banks, Regional Rural Banks and
Scheduled Primary Co-operative Banks

Qs 7 (3) Rs. 500 crores  

Qs 8 (1) – Term deposit

Qs 9 (2) – Swift

Qs 10 (3) – Benchmark Prime Lending Rate