Top Best Banking financial awareness MCQ Test and Online Quiz - MCQPoint

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Importance

The weightage of Banking Awareness in the Mains examination is important because there are many exams in which there is one dedicated section for banking awareness like RBI & SEBI etc. This section is more useful for you in the interview because the whole interview is based on banking awareness. So make sure that you are well-versed in this topic. No matter from which background you are, there is no excuse for a banking aspirant to escape this section.

1. Financial inclusion means

• Wholesale Banking
• Financial Banking
• Retail Banking
• bring all individuals and businesses under banking and all financial network
• None of the above

2. What is Contestable Period in insurance?

• it’s a period when you get extra benefit
• it’s a period when you have to pay extra premium
• it’s a period when the validity of an agreement or contract may be challenged
• It’s a maturity period of insurance

3. What is full form of NDTL?

• Net Drawn Transaction Limit
• National Demand and Time Limit
• Net Demand and Time Liabilities
• National Demand and Time Liabilities
• None of these

4. What is the full form of DICGC?

• Deposit Insurance and Credit Guarantee Corporation
• Deposit Industries and Credit Guarantee Corporation
• Demand Insurance and Credit Guarantee Corporation
• Demand Insurance and Cheque Guarantee Corporation
• None of These

5. Which of the following is not a part of CriSidEx?

• CRISIL
• EXIM Bank
• SIDBI
• None of the above

6. Which of the following statements are correct with respect to NBFCs?

• NBFCs can accept deposits from NRI
• Nomination Facility is not available to depositors of NBFCs
• The deposits with NBFCs are insured
• None of the above

7. Which among the following is the main difference between the fiscal policy and the monetary policy of a country?

• Monetary Policy deals with the money supply in the economy whereas fiscal policy is regarding the revenue and the expenditure of the government.
• Monetary policy is handled by central bank whereas fiscal policy is the domain of the government.
• Monetary Policy has no bearing on the global market whereas fiscal policy is aimed at the global market only. 
• Both 1 and 2

8. Which among the following services cannot be provided by Payments Banks in India?

• It can issue debit cards
• It can issue credit cards
• It can accept deposits from individuals up to a limit of Rs 1 lakh per customer
• Both 1 and 2
• 1, 2 and 3

9. To calculate capital adequacy ratio, the banks are required to take into account which of the following risks?

• Credit risk and Operational risk
• Credit risk and Market risk
• Market Risk and Operational Risk
• Credit Risk, Market risk and Operational risk
• None of the above

10. UPI payment system has been launched by which organisation?

• Reserve Bank of India
• National Payments Corporation of India
• Mobile Payments Forum of India
• Bharat Bill Payment system