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Banking Awareness MCQs, Banking Awareness

Banking & Financial Awareness for SBI Clerk/Syndicate/Canara Bank PGDBF

1. A Payments Bank is licensed under which of the followings Act?

1) Reserve Bank of India Act, 1934

2) Negotiable Instrument Act, 1881

3) Banking Regulation Act, 1949

4) Companies Act, 1956

5) Payment and Settlement Systems Act, 2007

2. A cheque is defined under which of the following section of Negotiable Instrument Act, 1881?

1) Section 5

2) Section 6

3) Section 7

4) Section 8

5) Section 10

3. A cheque which is payable to a person whosoever bears it is known as?

1) Blank Cheque

2) Bearer Cheque

3) Order Cheque

4) Stale Cheque

5) None of these

4. Which of the following is a process in which a cheque is transferred to a name of another person by signing on the cheque along with the name of person to whom cheque is being transferred?

1) Truncation

2) Endorsement

3) Restriction

4) Transfer

5) None of these

5. MSS is a monetary policy intervention by the RBI to withdraw excess liquidity (or money supply) by selling govt securities in the economy. In the term ‘MSS’, ‘M’ stands for

1) Mobile

2) Monetary

3) Market

4) Money

5) None of these

6. According to the 2018 Global Economics Prospect, India is estimated to have grown at 6.7 per cent in 2017. The report is published by which of the following?

1) World Bank

2) IMF

3) RBI

4) WHO

5) ADB

7. The health ministry is set to roll out a National Programme for Control of Viral Hepatitis from 2018-19. For the next three years, a budget of what amount has been approved for the said programme?

1) Rs 200 cr

2) Rs 400 cr

3) Rs 600 cr

4) Rs 750 cr

5) Rs 800 cr

8. Which of the following banks with Dynamics Inc. has announced to introduce the first battery-powered interactive payment cards to the Indian market in 2018?

1) HDFC Bank

2) ICICI Bank

3) Axis Bank

4) Federal Bank

5) IndusInd Bank

9. Who, at present, is the Chief Executive Officer of the Unique Identification Authority of India (UIDAI)?

1) NK Singh

2) Nandan Nilekani

3) RS Sharma

4) SK Swamy

5) Ajay Bhushan Pandey

10. International Standards on combating money laundering and the financing of terrorism and proliferation are framed by

l ) KYC

2) FATF

3) TAPI

4) ICOA

5) SWIFT

11. The National Payment Corporation of India (NPCI) has recently launched a mobile-based payment facility known as __________.

l ) NEFT

2) RTGS

3) IMPS

4) USSD

5) INSTAPAY

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