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Quiz on Financial Awareness

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Question 1

Which type of electronic fund transfer operates in half hourly batches?

Question 2

The Pension Fund Regulatory and Development Authority (PFRDA) is the pension regulator of India. The headquarter of PFRDA is in ___.

Question 3

Which among the following statements are correct/s in the context with Payment Banks?

A) The minimum paid-up capital requirement for payments banks is Rs. 100 crore

B) Payment banks will offer both deposits as well as loan products.

C) Payments banks will have to invest in government securities with a maturity of up to 1 year

D) Payments banks can open small savings accounts and accept deposits of up to Rs.1 lakh per individual customer.

Question 4

Both Foreign Direct Investment (FDI) and foreign Institutional Investor (FII) are related to investment in a country. Which one of the following statements best represents an important difference between the two?

Question 5

As per RBI Directives, if the banks fail to reimburse the customers for the amount wrongly debited for failed ATM transactions within 7 days of the account holder’s complaint, they will have to pay a compensation of Rs. ___ per day.

Question 6

Where is the headquarters of EXIM Bank located?

Question 7

Which of the following is not a precondition for a promissory note?

Question 8

Which of the following Acts prohibits Hawala transactions in India?

Question 9

For a normal Savings Bank Account, the maximum balance amount that is eligible to earn interest is?

Question 10

‘Trusted Family Bank’ is the tagline of which of the following banks?

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Tags :

PO, Clerk, SO, Insurance General Awareness

Dec 31PO, Clerk, SO, Insurance