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. 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 or Insurance Recruitment.
This package is a part of Unlimited Validity* Campaign - Valid till promo period end TNCs.
Most recommended & NRA-CET ready
This package Includes IBPS PO & IBPS Clerk Study Material - Subscribe Now
About Bank Mahapack
If you are preparing for more than 1 Banking & Insurance exams then this is the pack we recommend you buy.
It is most cost effective and you get access to 100% digital content for Bank & Insurance exams on Adda247.
Banking & Insurance Exams Covered in this Pack
Additionally you can crack any private bank job exam with content in this pack.
Bank & Insurance Mahapack Highlights
- Structured course content
- Recorded classes available if you miss any live class
- Previous Years’ Papers of all upcoming exams.
- Full Length Mocks based on the latest pattern with detailed solutions (video solutions for certain topics)
- Topic level knowledge tests
- Strategy sessions, time management & Preparation tips from the experts
- Unlimited Live Classes & Recorded Video Courses
- Unlimited Tests and eBooks
- Use Code DREAM to Get 70% off
- 24 Months
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 18th June 2020 covering the following topics: Commercial papers, PPP, RTGS, CRR, MSF.
Q1. __________________ is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers.
(a) Bank Rate
(c) Repo Rate
(e) Reverse Repo Rate
Q2. PPP is a theory that measures prices at different locations using a common basket of goods. What is the full form of PPP?
(a) Personal Private Power
(b) Primary Power Parity
(c) Personal Private Parity
(d) Purchasing Power Parity
(e) Permanent Public Private
Q3. What is the Minimum amount of transfer required for RTGS is _____.
(a) Rs. 1 lakh
(b) Rs. 2 lakh
(c) Rs. 5 lakh
(d) Rs. 50,000
(e) No Limits
Q4. Who is the sole authority to issue and manage currency in India?
(a) State Bank of India
(b) Government of India
(c) Reserve Bank of India
(d) Finance Ministry
(e) None of the given options is true
Q5. In CRR, C stands for_______.
Sol. Bank Rate is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers. The Bank Rate is published under Section 49 of the Reserve Bank of India Act, 1934. This rate has been aligned to the MSF rate and, therefore, changes automatically as and when the MSF rate changes alongside policy repo rate changes.
Sol. Purchasing Power Parity (PPP) is a theory that measures prices at different locations using a common basket of goods. While PPP can be used to measure between two places using the same currency, its most common usage is between two locations that use different currencies.
Sol. Minimum amount of transfer required for RTGS is Rs. 2 lakh. There is no upper limit, though. The beneficiary bank has to credit the beneficiary’s account within two hours of receiving the funds transfer message. RTGS transaction timings for Monday – Friday is 9 A.M to 4.30 P.M and for Saturday it is 9 A.M to 2 P.M.
Sol. The Reserve Bank has the sole right to issue currency notes, except one rupee notes which are issued by the Ministry of Finance. ADVERTISEMENTS: The RBI follows a minimum reserve system in the note issue.
Sol. Cash Reserve Ratio (CRR) is the share of a bank’s total deposit that is mandated by the Reserve Bank of India (RBI) to be maintained with the latter in the form of liquid cash.
|18 June||Click to Attempt Now on Web||Click to Attempt Now on App||Download PDF|
You may also like to read:
- Current Affairs & Daily GK Updates 2020
- Latest GK and Current Affairs Questions With Answers For All Bank Exam
- SBI Clerk Result 2020
- Bihar Board 12th Result 2020
- NEET Admit Card 2020
Watch the Current Affairs Show of 18th June 2020:
All the Best BA’ians for RBI Assistant Mains!