BANKING AWARENESS QUIZ - 2

1. Money lent for one day is called:
(1) Call money
(2) Notice money
(3) Term Money
(4) All of the above
(5) None of these

2. The Public Provident Fund is savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. What is the minimum amount to be invested in PPF account?
A. Rs. 100
B. Rs. 500
C. Rs. 1000
D. Rs. 200
E. None of these

3. The transitional period for full implementation of Basel III Capital Regulations in India is extended upto?
(1) March 1, 2018
(2) March 31, 2019
(3) April 1, 2018
(4) April 30, 2018
(5) None of these

4. RBI has increased the limit for foreign exchange (FOREX) remittances under Liberalised Remittance Scheme (LRS) from $125,000 to _____ per person per year.
A. $250,000
B. $150,000
C. $130,000
D. $20,000
E. $145,000

5. Treasury bills or T-bills, which are money market instruments, are short term debt instruments issued by ____.
A. Reserve Bank of India
B. Individual Banks
C. Government of India
D. IRDA
E. Corporate & Financial Institutions

6. According to the guidelines released by RBI, a Payments banks can open small savings accounts and accept deposits of up to ___.
A. 10 lakh
B. 5 lakh
C. 3 lakh
D. 1 lakh
E. None of these

7. India's first International Financial Services Centre opened at _____.
(1) Gujarat
(2) West Bengal
(3) Maharashtra
(4) Rajasthan
(5) None of these

8. Which bank has launched “Saral-Rural Housing Loan’ scheme for weaker sections of society?
A. Axis Bank
B. SBI
C. HDFC
D. Yes
E. ICICI

9. What is the minimum capital requirement for New Banks in the Private Sector
A. Rs. 200 crore
B. Rs. 300 crore
C. Rs. 500 crore
D.Rs. 600 crore
E. None of these

10. What is the minimum amount to be invested under Sukanya Samriddhi Scheme?
A. Rs. 500
B. Rs. 1000
C. Rs. 1500
D. No ceiling
E. Rs. 100

# Answers 
1. Call money
2. 500
3. March 31, 2019
4. 2,50,000
5. Government of India
6. 1 lakh
7. Gujarat
8. ICICI bank
9. 500cr
10. 1000 min and 1.5 lakh maximum