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 minimum balance required to be maintained in a basic savings bank deposit account?
a) Rs. 500
b) Rs. 1000
c) No minimum balance required
d) Rs. 2000
Answer: c
2-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
3-What is the interest rate on fixed deposits offered by most banks in India?
a) 5-6%
b) 7-8%
c) 9-10%
d) 11-12%
Answer: b
4-What is the maximum insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) 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
5-What is the full form of NEFT?
a) National Electronic Funds Transfer
b) National Easy Funds Transfer
c) National Electronic Financial Transfer
d) National Electronic Fund Transfer
Answer: d
6-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
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-Which of the following is a credit rating agency in India?
a) SEBI
b) CIBIL
c) NABARD
d) SIDBI
Answer: b
9-What is the maximum limit of RTGS transactions in India?
a) Rs. 5 lakhs
b) Rs. 10 lakhs
c) Rs. 25 lakhs
d) No maximum limit
Answer: d
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