Banking Quiz for Canara Bank PO Exam 2018: 27th February 2018

Dear Aspirants,

Banking Quiz for Canara Bank PO Exam 2018

Banking Awareness for Canara Bank PO

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. What is the Minimum Amount for opening of account that can be retained of 5-Year Post Office RD Account?
(a) 10/- per month
(b) 50/- per month
(c) 100/- per month
(d) 5/- per month
(e) 1/- per month

Q2. RD Account stands for-
(a) Resident Deposit Account
(b) Recurring Deposit Account
(c) Regional Deposit Account
(d) Regular Deposit Account
(e) Repayment Deposit Account

Q3. What is the maximum balance of account that can be retained of 5-Year Post Office RD Account?
(a) 10 lakh
(b) 1 crore
(c) No limit
(d) 1 lakh
(e) 50 lakh

Q4. What is the interest rate of Post Office RD Account (As on 01st January 2018)?
(a) 6.1% per annum (quarterly compounded)
(b) 6.3% per annum (quarterly compounded)
(c) 6.5% per annum (quarterly compounded)
(d) 6.9% per annum (quarterly compounded)
(e) 6.7% per annum (quarterly compounded)

Q5. What is the silent features of 5-Year Post Office RD Account?
(a) Account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be date of presentation of Cheque.
(b) Nomination facility is available at the time of opening and also after opening of account.
(c) Account can be transferred from one post office to another.
(d) Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.
(e) All of the given options are the silent features of 5-Year Post Office RD Account.

Q6. India’s first home-grown high purity gold reference standard - the Bharatiya Nirdeshak Dravya (BND-4201) - was launched at the India Government Mint, Mumbai. The India Government Mint operates ________ mints in the country for the production of coins.
(a) five
(b) three
(c) four
(d) two
(e) six

Q7. The World Bank has committed ____________ loan to India for the STRIVE project for skill development.
(a) Rs 800 crore
(b) Rs 1300 crore
(c) Rs 2300 crore
(d) Rs 3800 crore
(e) Rs 1700 crore

Q8. Who is present President of World Bank?
(a) Jim Yong Kim
(b) Takehiko Nakao
(c) Jin Liqun
(d) Roberto Azevedo
(e) Pascal Lamy

Q9. The dimension of the new Rs 10 banknote will be-
(a) 56 mm x 136 mm
(b) 63 mm x 123 mm
(c) 71 mm x 142 mm
(d) 67 mm x 166 mm
(e) 74 mm x 183 mm

Q10. Who is the present Chairman of IndusInd Bank?
(a) Renu Satti
(b) Gopal Chandra
(c) R Seshasayee
(d) Vijay Shekhar Sharma
(e) Vinod Rai

Q11. Each subscriber under APY shall receive a Central Government guaranteed minimum pension of- 
(a) Rs. 2000 per month
(b) Rs. 3000 per month
(c) Rs. 4000 per month
(d) Rs. 1000 per month
(e) Rs. 5000 per month

Q12. What is the Minimum Amount for opening of account that can be retained of Post Office Time Deposit Account?
(a) INR 200/.
(b) INR 1000/.
(c) INR 1200/.
(d) INR 1500/.
(e) INR 2000/.

Q13. What is the interest rate of Post Office 5 years Time Deposit Account (As on 01st January 2018)?
(a) 7.7%
(b) 7.3%
(c) 7.4%
(d) 7.1%
(e) 7.9%

Q14. All resident individuals is eligible to open a MIS account in single/joint name/s. MIS stands for-
(a) Monthly Investment Scheme
(b) Monthly Income Service
(c) Monthly Installment Scheme
(d) Money Income Scheme
(e) Monthly Income Scheme

Q15. What is the Maximum investment limit in single account of Post Office MIS Account?
(a) Rs 6.00 lakh 
(b) Rs 4.50 lakh
(c) Rs 9.00 lakh 
(d) Rs 11.50 lakh 
(e) Rs 1.50 lakh