Important Banking Awareness Questions for Upcoming Exams 2017 Set-162:
Dear Readers, The List of important Banking Awareness Quiz for upcoming exams was given here. Candidates those who are preparing for the exams can use this.
Answer: d)
2). The MAT is a tax levied under Income Tax Act of India, 1961. What is the full form of the term MAT?
a) Modified Alternate Tax
b) Minimum Alternate Tax
c) Maximum Alternate Tax
d) Marginal Average Tax
e) Minimum Average Tax
Answer: b)
3). Which of the following was the first bank to introduce the concept of the ATM in India way back in 1987?
a) Citibank
b) HSBC
c) Deutsche Bank
d) Standard Chartered
e) Barclays Bank
Answer: b)
4). Which of the following has become the first bank in India to connect with Earthport's global payments network, which spans over 60 countries?
a) Federal Bank
b) Kotak Mahindra Bank
c) Axis Bank
d) ICICI Bank
e) Yes Bank
Answer: c)
5). The National Stock Exchange (NSE) has selected who among the following as its new CEO and Managing Director?
a) Ashok Chawla
b) Subrato Das
c) Ashish Chauhan
d) 4) MS Raghavan
e) Vikram Limaye
Answer: e)
6). Usha Ananthasubramanian is the present MD and CEO of which of the following banks? The bank crossed 10-1akh cr business mark recently.
a) ICICI Bank
b) Bank of Baroda
c) Axis Bank
d) Bank of India
e) Punjab National Bank
Answer: e)
7). _______ is an important role given by the Reserve Bank of India (RBI) to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture.
a) NDTL
b) PSL
c) MSF
d) LAF
e) LAP
Answer: b)
8). The Basic Savings Bank Deposit Account opened on the basis of simplified KYC norms are treated as Small Account. BSBDA-Small Accounts are NOT subject to which of the following conditions?
a) Total credits should not exceed Rs.1 lakh in a year.
b) Maximum balance should not exceed Rs.50,000 at any time.
c) The total of debits should not exceed Rs.10,000 in a month.
d) Foreign remittances can't be credited without completing normal KYC formalities.
e) Other than the given options
Answer: e)
9). The India post Payments Bank (IPPB) launched its operations recently. The paid-up equity of the IPPB is
a) Rs. 500 cr
b) Rs. 800 cr
c) Rs. 1000 cr
d) Rs. 1200 cr
e) Rs. 1500 cr
Answer: b)
10). Which of the following bank headquarters not located in Mumbai?
a) Federal Bank
b) Yes Bank
c) Kotak Mahindra Bank
d) HDFC Bank
e) None of these
Answer: a)
Answer Key:
1).d 2).b 3).b 4).c 5).e 6).e 7).b 8).e 9).b 10).a
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