Bank Awareness Quiz

1. What’s the full form of RBI?

A) Reserve Banking Institution B) Reserve Bank of India C) Royal Bank of India D) Revenue Banking India

2. What does CRR stand for in banking?

A) Credit Reserve Ratio B) Cash Reserve Ratio C) Current Revenue Rate D) Customer Reserve Rate

3. Which of these is not regulated by RBI?

A) NBFC B) Cooperative Banks C) Mutual Funds D) Commercial Banks

4. What is the base year for calculating CPI (Consumer Price Index) in India (as of 2024)?

A) 2001 B) 2012 C) 2018 D) 2020

5. What does RTGS stand for?

A) Real Time Gross Settlement B) Real Transaction Growth Scheme C) Reserve Transaction Growth System D) Rate of Transfer in Gross System

6. What is the maximum limit of deposit insurance coverage by DICGC?

A) ₹1 Lakh B) ₹5 Lakh C) ₹10 Lakh D) Unlimited

7. NABARD was established in which year?

A) 1982 B) 1991 C) 1985 D) 2000

8. Which act governs banking operations in India?

A) Banking Regulation Act, 1949 B) Companies Act, 1956 C) RBI Act, 1934 D) SEBI Act, 1992

9. NPA stands for?

A) Non-Performing Asset B) Net Profit Average C) New Payment Alliance D) Non-Profit Account

10. Who issues currency notes in India?

A) Ministry of Finance B) SBI C) RBI D) NITI Aayog

11. What is Bharat Bill Payment System (BBPS) mainly used for?

A) Stock trading B) Utility bill payments C) Insurance D) Agriculture loans

12. MUDRA scheme is aimed at:

A) Large scale industries B) Micro and small businesses C) Foreign investments D) Export houses

13. What is the primary function of a commercial bank?

A) Collect taxes B) Provide subsidies C) Accept deposits and lend loans D) Make laws

14. What is the full form of IFSC?

A) Indian Foreign Security Code B) Indian Financial System Code C) Internal Fiscal Security Code D) International Finance System Code

15. Which is the largest public sector bank in India?

A) PNB B) Canara Bank C) Bank of Baroda D) State Bank of India

16. What does Bank Rate mean?

A) Rate on fixed deposits B) Rate on savings C) Rate at which RBI lends to commercial banks D) Rate of loans given to farmers

17. Which of these is not a type of bank account?

A) Savings Account B) Current Account C) Fixed Deposit D) Insurance Policy

18. Which body regulates the stock market in India?

A) RBI B) SEBI C) IRDAI D) SIDBI

19. What is the Rupee symbol (₹) inspired from?

A) Dollar symbol B) Latin script and Devanagari ‘र’ C) British Pound D) Greek symbol

20. What is the SARFAESI Act used for?

A) Tax collection B) Recovery of bad loans C) Agriculture promotion D) Rural employment

21. Which of these is a plastic card issued by banks?

A) Passbook B) Cheque book C) Debit Card D) Cash receipt

22. Pradhan Mantri Jan Dhan Yojana (PMJDY) is mainly aimed at:

A) Taxpayers B) Industrialists C) Financial inclusion D) NRIs

23. KYC means:

A) Know Your Customer B) Know Your Company C) Keep Your Cash D) Know Your Credit

24. Which bank was earlier known as Imperial Bank of India?

A) RBI B) SBI C) Bank of India D) Canara Bank

25. Bancassurance is a relationship between:

A) Two banks B) Bank and Insurance Company C) Two insurance companies D) Bank and Customer

Bank Awareness Quiz

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