Banking awareness questions
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Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Payment of Gratuity (Amendment) Bill, 2017 aims at increasing the upper ceiling of the gratuity from the present 10 lakh rupees to..... for employees in the private sector and in Public Sector Undertakings at par with Central Government employees.
20 lakh rupees
25 lakh rupees
12 lakh rupees
15 lakh rupees
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is an Indian Depository Receipt?
A deposit account with a Public Sector Bank
A depository account with any of depositories
An instrument in the form of depository receipt created by an Indian depository against underlying equity shares of the issuing company.
An instrument in the form of deposit receipt issued by Indian depositories
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The chief economic advisor to the Government of India has recently changed. Who is the present incumbent?
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the RBI Data, India's foreign-exchange reserves rose past \$ 400 billion for the first time ever, strengthening policymakers' buffers ahead of an expected reduction in US stimulus. Who is present Governor of RBI?
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which organisation/bank has approved Rs 65, 634.93 crore loan so far to 93 prioritised irrigation projects under the government's flagship scheme Pradhan Mantri Krishi Sinchai Yojana (PMKSY)?
Question 6 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As we all know, the RBI has raised the Cash Reserve Ratio (CRR) by 25 bps, in April 201 0. What action will banks have to take to implement the same?
- They will have to deposit some more money with the RBI as reserve money.
- Banks will be required to give some more loan to projects of the priority sector.
- Banks will be required to give a loan equivalent to the CRR to the Govt. of India for its day to day expenditure as and when required.
Only 1 and 2
Question 7 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following Acts is enacted to help the Union Govt. to manage its budgeted finances and fiscal deficit in a very disciplined manner?
The Competition Act
The Banking Regulation Act
The Negotiable Instruments Act
Fiscal Responsibility and Budget Management Act
Question 8 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The State Bank has raised its lending rates by 20 basis points to 8(point)15 per cent, with immediate effect, setting the tone for the industry to follow suit. Which of the following is not a impact it?
Car loan will be costlier
Car loan will be cheaper
Home loan will be cheaper
Both B and C
Question 9 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The dimension of the new Rs 10 banknote will be-
56 mm x 136 mm
63 mm x 123 mm
71 mm x 142 mm
67 mm x 166 mm
Question 10 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
PIN is the numeric password which is separately mailed/handed over to the customer by the bank while issuing the card. PIN stands for-
Personal Identification Number
Product Identification Number
Payment Identification Number
Permanent Identification Number
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There are 10 questions to complete.