Dear Readers,
Just a few days are left for Bank of Baroda PO and NIACL Assistant Mains Examination. It is time to pace up your preparation of Banking Awareness for Bank of Baroda PO and NIACL Assistant Mains 2017. These Banking questions will also help you in preparing for SBI PO Mains 2017, Bank of India and NICL AO Mains 2017 recruitment examination.
Q1. Which organization is an umbrella organization for all retail payments system in India?
(a) IDBI
(b) NABARD
(c) RBI
(d) SIDBI
(e) NPCI
Q2. NPCI was set up with the guidance and support of-
(a) Reserve Bank of India (RBI)
(b) Indian Banks’ Association (IBA)
(c) Finance Ministry
(d) Both (a) and (b)
(e) Both (b) and (c)
Q3. NPCI Stands for-
(a) National Payments Corporation of India
(b) National Payments Company of India
(c) National Payments Corporation of International
(d) National Product Corporation of India
(e) Nominal Payments Corporation of India
Q4. In which year NPCI was incorporated-
(a) November 2007
(b) December 2008
(c) October 2009
(d) September 2010
(e) August 2011
Q5. NPCI was incorporated as a Section 25 company under-
(a) Banking Regulation Act, 1949
(b) SIDBI Act, 1989
(c) Companies Act, 1956
(d) Reserve Bank of India Act, 1934
(e) None of the above
Q6. The authorized capital of NPCI was pegged at-
(a) Rs 300 crore
(b) Rs 400 crore
(c) Rs 500 crore
(d) Rs 200 crore
(e) Rs 100 crore
Q7. The paid-up capital of NPCI was?
(a) Rs 300 crore
(b) Rs 400 crore
(c) Rs 500 crore
(d) Rs 200 crore
(e) Rs 100 crore
Q8. Who is Managing Director (MD) and Chief Executive Officer (CEO) of NPCI?
(a) Harsh Kumar Bhanwala
(b) Balachandran M
(c) AP Hota
(d) Chhatrapati Shivaji
(e) SS Mundra
Q9. NFS is the largest network of shared automated teller machines (ATMs) in India. NFS stands for-
(a) National Financial Switch
(b) National Financial Service
(c) National Financial System
(d) National Financial Stand
(e) National Financial Security
Q10. UPI 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. What is the meaning of “I” in UPI?
(a) Interlink
(b) Interface
(c) Initial
(d) Indian
(e) International
Q11. Which among the following services is available under NFS?
(a) Cash withdrawal
(b) PIN change
(c) Mini statement
(d) Balance Inquiry
(e) All of the above
Q12. IMPS are an instant interbank electronic fund transfer service through mobile phones. IMPS stand for-
(a) Indian Payment Service
(b) Immediate Payment System
(c) Immediate Payment Service
(d) Immediate Product Service
(e) None of the above
Q13. Which among the following is not a product and services of NPCI?
(a) NACH
(b) BHIM
(c) NACHA
(d) Rupay
(e) UPI
Q14. NPCI has implemented NACH for Banks, Financial Institutions, Corporate, and Government a web-based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature. What is the meaning of “C” in NACH?
(a) Concept
(b) Clearing
(c) Cash
(d) Clean
(e) Cheque
Q15. BBPS stands for-
(a) Bharat Bill Payment Service
(b) Bharat Bill Product System
(c) Bharat Balance Payment System
(d) Bharat Bill Payment System
(e) None of the above
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