Dear Aspirants,
Banking Awareness for NABARD Grade-A Exam 2018
With the increased competition in the field of banking examinations, it has now become very important to cover up all the sections efficiently. One subject that can help you bagging graceful marks in the minimum time in these examinations is Banking Awareness. Banking Awareness Quiz not only helps you deal with the General Awareness Section of Banking Exams but also, the Personal Interview round of Banking Recruitment.
Q1. Name the organisation, which an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA).
(a) SBI
(b) FATF
(c) SEBI
(d) NPCI
(e) NACH
Q2. The NCMC is a contactless smart card. NCMC stands for-
(a) National Common Mobility Commission
(b) National Common Mobility Card
(c) National Common Mobility Committee
(d) National Common Mobility Corporation
(e) National Common Mobility Credit
Q3. NPCI has been incorporated as a _______________ Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013).
(a) Not for Credit
(b) Not for Banking
(c) Not for Marketing
(d) Not for Loss
(e) Not for Profit
Q4. What is the meaning of "P" in NPCI?
(a) Payees
(b) Products
(c) Payments
(d) Pending’s
(e) Profits
Q5. NHAI has mandated implementation of the NETC program for all national highways. NETC stands for-
(a) National Electronic Toll Collection
(b) National Electronic Toll Connector
(c) National Electronic Timing Collection
(d) National Electronic Transport Collection
(e) National Electronic Toll Core
Q6. NPCI, an organization for operating retail payments and settlement systems, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of-
(a) Securities and Exchange Board of India Act, 1992
(b) Banking Regulation Act, 1949
(c) Securities Laws (Amendment) Act, 1996
(d) Reserve Bank of India Act, 1934
(e) Payment and Settlement Systems Act, 2007
Q7. What are the advantages of RuPay Card?
(a) Lower cost and affordability
(b) Customized product offering
(c) Protection of information related to Indian consumers
(d) Inter-operability between payment channels and products
(e) All of the above
Q8. Which of the following is not a Features and Benefits of RuPay Card?
(a) Earn Cashback time after time
(b) 24X7 Concierge Services
(c) Complimentary Lounge Access Program– Domestic & International
(d) Not any Comprehensive Insurance Cover
(e) Exclusive Merchant Offers
Q9. _______________ developed RuPay Contactless specifications are open standards, interoperable and scalable and can be adopted by all card schemes.
(a) RBI
(b) NPCI
(c) SBI
(d) NABARD
(e) SEBI
Q10. ____________ is an app that lets you make simple, easy and quick payment transactions using UPI.
(a) BHIM
(b) YONO
(c) ISDN
(d) Best Credit
(e) WBBP
Q11. Which of the following is not a feature of BHIM app?
(a) Send Money
(b) Only One Language
(c) Scan & Pay
(d) Payment Reminders
(e) Split Bill
Q12. What is the meaning of "I" in BHIM app?
(a) International
(b) Immediate
(c) Interface
(d) Indian
(e) Important
Q13. __________ is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
(a) UPI
(b) BHIM
(c) AEPS
(d) NFS
(e) YONO
Q14. Where is the registered office of NPCI?
(a) Chennai
(b) Hyderabad
(c) Bengaluru
(d) Mumbai
(e) New Delhi
Q15. What is the full form of "UPI"?
(a) Unified Products Interface
(b) Unified Payments Interface
(c) Unified Payments International
(d) Unique Payments Interface
(e) Unified Promotions Interface
We will be updating the detailed solutions shortly...
- http://www.bankersadda.com/2018/03/banking-quiz-for-nabard-grade-exam-2018.html
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