Dear Readers,
Banking Awareness has been an important part of various competitive exams, so we are here with a series of Banking Awareness Quiz on a daily basis on our platform. Follow the quiz daily to improve your banking awareness.
1-What is the full form of KYC?
a) Know Your Customer
b) Know Your Company
c) Know Your Credit
d) Know Your Card
Answer: a
2-What is the maximum amount insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) for depositors in case of bank failure?
a) Rs. 1 lakh per depositor per bank
b) Rs. 5 lakhs per depositor per bank
c) Rs. 10 lakhs per depositor per bank
d) Rs. 25 lakhs per depositor per bank
Answer: a
3-What is the maximum limit of cash withdrawal from an ATM in a day?
a) Rs. 10,000
b) Rs. 20,000
c) Rs. 25,000
d) Rs. 50,000
Answer: d
4--What is the interest rate on savings accounts offered by most banks in India?
a) 2-3%
b) 3-4%
c) 4-5%
d) 5-6%
Answer: a
5-What is the full form of RTGS?
a) Real Time Gross Settlement
b) Real Time Good Service
c) Real Time General System
d) Real Time Government Scheme
Answer: a
6-What is the current reverse repo rate set by the Reserve Bank of India (RBI)?
a) 3.25%
b) 3.35%
c) 3.75%
d) 4%
Answer: b
7-Which of the following is not a type of bank account?
a) Savings account
b) Current account
c) Demat account
d) Fixed account
Answer: d
8-What is the maximum limit of NEFT transactions in India?
a) Rs. 2 lakhs
b) Rs. 5 lakhs
c) Rs. 10 lakhs
d) No maximum limit
Answer: d
9-What is the full form of IFSC?
a) Indian Financial System Code
b) Indian Financial Services Code
c) Indian Fiscal System Code
d) Indian Fiscal Services Code
Answer: a
10-Which of the following is not a payment system in India?
a) UPI
b) BHIM
c) SWIFT
d) GST
Answer: d
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MAHENDRA GURU