Showing 91–100 of 141 questions
Q.91
Easy
General Awareness
In banking terminology, what does 'Amortization' refer to?
A
The process of charging depreciation on assets
B
Paying off a debt gradually through scheduled payments
C
The rate of inflation in a fiscal year
D
The conversion of assets into cash
Correct Answer:
B. Paying off a debt gradually through scheduled payments
Explanation:
Amortization is the process of gradually paying off a loan through regular, scheduled installments over time.
Q.92
Easy
General Awareness
What is the coverage amount under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme as of 2024?
A
₹1 lakh per depositor per bank
B
₹2 lakhs per depositor per bank
C
₹5 lakhs per depositor per bank
D
₹10 lakhs per depositor per bank
Correct Answer:
C. ₹5 lakhs per depositor per bank
Explanation:
DICGC provides deposit insurance coverage of ₹5 lakhs per depositor per bank to ensure depositor security.
Q.93
Easy
General Awareness
Which of the following is the regulator of payment systems in India?
A
Reserve Bank of India
B
Securities and Exchange Board of India
C
Insurance Regulatory and Development Authority
D
Ministry of Finance
Correct Answer:
A. Reserve Bank of India
Explanation:
The RBI is the central bank and primary regulator of payment systems in India, including NEFT, RTGS, and UPI.
Q.94
Easy
General Awareness
What is the full form of KYC in banking?
A
Know Your Client
B
Know Your Credit
C
Key Yield Certificate
D
Know Your Capital
Correct Answer:
A. Know Your Client
Explanation:
KYC (Know Your Client) is a mandatory process for banks to verify customer identity and assess potential risks of illegal activities.
Q.95
Easy
General Awareness
Which digital payment system is promoted by RBI and developed by NPCI?
A
Google Pay
B
Unified Payments Interface (UPI)
C
Apple Pay
D
PhonePe
Correct Answer:
B. Unified Payments Interface (UPI)
Explanation:
UPI is a real-time payment system developed by NPCI and promoted by RBI for seamless fund transfers.
Q.96
Easy
General Awareness
Which RBI scheme was introduced to address financial inclusion and reduce digital divide?
A
Jan Dhan Yojana
B
Pradhan Mantri Jan Suraksha Yojana
C
Prime Minister Street Vendor's AtmaNirbhar Nidhi
D
Atal Pension Yojana
Correct Answer:
A. Jan Dhan Yojana
Explanation:
Pradhan Mantri Jan Dhan Yojana targets financial inclusion by opening basic bank accounts for all citizens, especially the unbanked.
Q.97
Easy
General Awareness
Which of the following is a negotiable instrument used in banking?
A
Bearer Bond
B
Promissory Note
C
Stock Certificate
D
Insurance Policy
Correct Answer:
B. Promissory Note
Explanation:
A Promissory Note is a negotiable instrument that represents a written promise to pay a specified sum to a creditor.
Q.98
Easy
General Awareness
What does KYC stand for in banking terminology?
A
Know Your Client
B
Keep Your Capital
C
Key Yearly Calculation
D
Knowledge Yield Certificate
Correct Answer:
A. Know Your Client
Explanation:
KYC (Know Your Client) is a mandatory compliance process to verify customer identity and assess their financial profile.
Q.99
Easy
General Awareness
Which scheme provides crop insurance coverage to farmers in India?
A
Pradhan Mantri Fasal Bima Yojana
B
Pradhan Mantri Kisan Samman Nidhi
C
Pradhan Mantri Mudra Yojana
D
Pradhan Mantri Suraksha Bima Yojana
Correct Answer:
A. Pradhan Mantri Fasal Bima Yojana
Explanation:
Pradhan Mantri Fasal Bima Yojana (PMFBY) provides crop insurance protection to farmers against crop failure due to natural calamities.
Q.100
Easy
General Awareness
What is the full form of NPA in banking context?
A
Non-Performing Asset
B
Non-Profit Association
C
National Payment Authority
D
Non-Public Asset
Correct Answer:
A. Non-Performing Asset
Explanation:
NPA (Non-Performing Asset) refers to a loan or advance where interest and principal payments are overdue for 90 days or more.
