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. ___________ is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques.
(a) IMPS
(b) CBS
(c) NPCI
(d) CTS
(e) NFS
Q2. NFS is the largest network of shared automated teller machines in India. What is the full form of NFS?
(a) National Financial Switch
(b) National Financial Service
(c) National Financial System
(d) National Financial Security
(e) National Financial Solutions
Q3. What is the meaning of "T" in CTS?
(a) Target
(b) Transport
(c) Transfer
(d) Timing
(e) Truncation
Q4. What is the silent features of NFS?
(a) NFS has introduced the sub-membership model which enables smaller, regional banks including RRBs and local co-operative banks to participate in the ATM network.
(b) NFS has maintained high standards of application and network uptime of above 99.50% which has helped our member banks ensure enhanced customer experience.
(c) The Dispute Management System (DMS), has benefitted members with high operational efficiency and ease of online transaction lifecycle management (chargeback, resentment, etc.) in the network apart from being compliant with local regulatory requirements.
(d) The Fraud Risk Management (FRM) solution is offered as a value-added service to monitor transactions (in real time) and to generate alert or decline the transaction in the NFS network
(e) All of the above are silent features of NFS
Q5. _____________ is a bank-led model which allows online interoperable financial transaction at PoS (Point of Sale/Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.
(a) UPI
(b) NFS
(c) AEPS
(d) NACH
(e) CTS
Q6. BharatQR was developed by-
(a) SEBI
(b) FICCI
(c) NPCI
(d) RBI
(e) NACH
Q7. What is the meaning of "E" in AEPS?
(a) Enabled
(b) Enquiry
(c) Equity
(d) Essential
(e) Ending
Q8. Bharat QR Code (BQR) is P2M Mobile payment solution. P2M stands for-
(a) Person to Merchant
(b) People to Merchant
(c) Product to Merchant
(d) Personal to Merchant
(e) Primary to Merchant
Q9. Which of the following is not a service Offered by AEPS?
(a) Cash Withdrawal
(b) Balance Enquiry
(c) Mini Statement
(d) Cash Deposit
(e) Cannot Deposit cash
Q10. Who is the Non-Executive Chairman of NPCI?
(a) Ramachandran Sundaresan
(b) Sanjay Saxena
(c) N Rajendran
(d) Dilip Asbe
(e) Biswamohan Mahapatra
Watch this space...the solutions will be updated here
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