Banking Awareness Quiz for Bank Exam: 14-September-2020

Table of Contents

The Banking Awareness section constitutes a major part of a competitive examination and needs your undivided attention. With the increased competition in the field of Banking examinations, it has now become very important to cover up all the sections efficiently.

Banking Affairs 14th September 2020 Quiz

To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains and RBI Assistant Mains we are providing you Banking Awareness Quiz of 14th September 2020 covering the following topics: EXIM bank, NPA, SWIFT, India Post Payments Bank, Regional Rural Bank of India.

Q1. Which of the following is the dimension of new 500 rupee note?
(a) 157 × 73 mm
(b) 66 × 150 mm
(c) 66 × 166 mm
(d) 147 × 73 mm
(e) None of the given options is true

Q2. Which of the following is the base color of 2000 rupee note?
(a) Stone Grey
(b) Green
(c) Orange – Violet
(d) Magenta
(e) Red – Orange

Q3. Which of the following is the dimension of 2000 rupee note?
(a) 157 × 73 mm
(b) 66 × 150 mm
(c) 66 × 166 mm
(d) 147 × 73 mm
(e) None of the given options is true

Q4. Which of the following is the color of new 500 rupee note?
(a) Stone Grey
(b) Green
(c) Orange– Violet
(d) Magenta
(e) Red– Orange

Q5. Which of the following features on the reverse of 2000 rupee note?
(a) Mangalyaan
(b) Himalaya Mountains
(c) Red Fort
(d) Parliament of India
(e) Tractor

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Q6. Which among the following sectors contributes most to the saving in India?
(a) Banking and financial sector
(b) Private corporate sector
(c) Export sector
(d) Household sector
(e) None of the given options is true

Q7. The EXIM bank of India was established in-
(a) 1964
(b) 1970
(c) 1982
(d) 1984
(e) 1992

Q8. In Banking terminology, NPA means-
(a) Non-Promise Account
(b) Non-Personal Account
(c) Non-Performing Asset
(d) Net-performing Asset
(e) Non-Performing Agency

Q9. Which of the following schemes has been launched for providing health services in rural areas?
(a) Operation Flood
(b) Look East
(c) SJSRY
(d) ASHA
(e) MGNREGA

Q10. Which of the following is NOT a banking related term?
(a) Radiation
(b) Outstanding Amount
(c) Explicit Guarantee
(d) Benchmark Prime Lending Rate
(e) None of the given options is true

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Q11. The Head Quarters of SWIFT is located in-
(a) Bern, Switzerland
(b) La Hulpe, Belgium
(c) Geneva, Switzerland
(d) New York, USA
(e) Vienna Austria

Q12. What is the initial capital amount to start Small Finance Banks?
(a) 100 crore
(b) 200 crore
(c) 500 crore
(d) 1000 crore
(e) 5000 crore

Q13. The promoters of Small Finance Banks should have _______ experience in banking and finance?
(a) 08 years
(b) 11 years
(c) 07 years
(d) 10 years
(e) 15 years

Q14. Which of the following is the first Regional Rural Bank of India?
(a) AP Grameena vikas Bank
(b) Chaitanya Godavari
(c) Andhra Pragathi
(d) Prathama Bank
(e) Baroda UP Gramin Bank

Q15. India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with _______ equity.
(a) 100% GOI equity
(b) 50% GOI and 50% RBI
(c) 50% GOI, 25% RBI, 25% Sponsor Bank
(d) 50% Sponsor Bank and 50% RBI
(e) 50% GOI, 35% RBI, 15% Sponsor Bank

Solutions

S1. Ans.(b)
Sol. The dimension of new Indian 500-rupee banknote is 66×150 mm, Width–150mm & Height–66mm.

S2. Ans.(d)
Sol. The base color of 2000 rupee note is Magenta.

S3. Ans.(c)
Sol. The dimension of Indian 2000-rupee banknote is 66 × 166 mm, Width – 166mm & Height – 66mm.

S4. Ans.(a)
Sol. The color of 500 rupee note is Stone Grey.

S5. Ans.(a)
Sol. The reverse side of 2000 rupee note features Mangalyaan, India’s first interplanetary space mission.

S6. Ans.(d)
Sol. Household contributes most to the saving in India.

S7. Ans.(c)
Sol. Established by the Government of India, EXIM Bank has commenced operations in 1982 under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies.

S8. Ans.(c)
Sol. NPA stands for Non-Performing Asset.

S9. Ans.(d)
Sol. The ASHA or the Accredited Social Health Activist. ASHA will be the first port of call for any health related demands to access health services. ASHA will be a health activist in the community who will create awareness on health and its social determinants and mobilize the community towards local health planning and increased utilization and accountability of the existing health services in Rural areas.

S10. Ans.(a)
Sol. In physics, radiation is the emission or transmission of energy in the form of waves or particles through space or through a material medium.

S11. Ans.(b)
Sol. The Head Quarters of Society for Worldwide Interbank Financial Telecommunication(SWIFT)is located in La Hulpe, Belgium.

S12. Ans.(a)
Sol. The firms must have a capital of 100 crore to set up small finance banks.

S13. Ans.(d)
Sol. The promoters of Small Finance Banks should have 10 years experience in banking and finance.

S14. Ans.(d)
Sol. Prathama Bank is the first Regional Rural Bank of India.

S15. Ans.(a)
Sol. India Post Payments Bank(IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity.

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