Banking quiz: set 26

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1)A cheque is valid for__________ months.
A) Five
B) Four
C) Three
D) Six
E) None of these

2)What is the maximum limit per transaction under UPI 2.0?
A) Rs 2 lakh
B) Rs 1 lakh
C) Rs 50,000
D) Rs 1.5 lakh
E) None of these

3)What is T in RTGS?
A) Transfer
B) Time
C) Transaction
D) Total
E) None of these

4)CCIL is a Financial Market Infrastructures regulated by RBI. Expand CCIL.
A) Credit Corporation of India Limited
B) Central Corporation of India Limited
C) Container Corporation of India Limited
D) Clearing Corporation of India Limited
E) None of these

5)The Certificate of Deposit (CD) are issued in minimum denomination of Rs _____________ and multiples
A) Rs 5 lakh
B) Rs 75,000
C) Rs 1 lakh 
D) Rs 10,000
E) None of these

6)What is the FDI limit in the Small Finance Bank?
A) 74%
B) 29%
C) 50%
D) 100%
E) None of these

7)Which of the following is true regarding the Payments Bank?
A) Issue ATM/debit cards/credit cards
B) No NRI deposits can be accepted
C) Minimum paid-up equity capital for payments banks is Rs 500 crore
D) Maximum balance should not exceed Rs. 50,000 per individual customer
E) None of these

8)The Interest rate on WMA charged by RBI to state and central government is equal to __________
A) SLR 
B) CRR
C) Repo Rate
D) MSF
E) None of these

9)What is the motif on Rs 500 denomination bank note?
A) Mangalyaan
B) Sanchi Stupa
C) Sun Temple
D) Red Fort
E) None of these

10)Which section of RBI Act 1934 says that Bank have the right to transact Government business in India?
A) Section 25
B) Section 21
C) Section 27
D) Section 20
E) None of these


ANSWER :-

1)C) Three

2)A) Rs 2 lakh

3)B) Time

4)D) Clearing Corporation of India Limited

5)C) Rs 1 lakh 

6)A) 74%

7)B) No NRI deposits can be accepted

8)C) Repo Rate

9)D) Red Fort

10)B) Section 21

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