Banking Awareness Quiz : Set 09

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In order to aid your exam preparation, we are presenting a ‘Banking Awareness Quiz’ that you can score well in this section.

Q1. As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery does not exceed _____.
A. 8 crore
B. 7 crore
C. 6 crore
D. 5 crore
E. None of these

Q2. As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery is more than _________.
A. 8 crore
B. 7 crore
C. 6 crore
D. 5 crore
E. None of these

Q3. Who among the following can issue Commercial Paper(CP) ?
A. Corporates
B. Primary Dealers
C. All India Financial Institutions
D. All of these
E. None of these

Q4. CP can be issued for maturities between a minimum of ______ days and a maximum of up to ______ from the date of issue.
A. 8 days and 2 years
B. 7 days and 1 year
C. 6 days and 2 years
D. 5 days and 1 year
E. None of these

Q5. Banking Ombudsman is a senior official appointed by the RBI to redress customer complaint specified under ______ of the Banking Ombudsman Scheme 2006.
A. Clause 8
B. Clause 7
C. Clause 6
D. Clause 5
E. None of these

Q6. How many Banking Ombudsmen have been appointed?
A. 10
B. 18
C. 15
D. 20
E. None of these

Q7. Bank loans up to a limit of ______ per borrower for building social infrastructure under priority sector.
A. Rs. 1 crore
B. Rs. 2 crore
C. Rs. 3 crore
D. Rs. 5 crore
E. None of these

Q8. Bank loans up to a limit of _____ to borrowers for purposes like solar based power generators under priority sector.
A. Rs. 10 crore
B. Rs. 18 crore
C. Rs. 15 crore
D. Rs. 20 crore
E. None of these

Q9. What is the maximum rate prescribed under CGST?
A. 12%
B. 28%
C. 20%
D. 18%
E. None of these

Q10. Which of the following taxes will be levied on Imports?
A. CGST
B. SGST
C. IGST
D. Exempt
E. None of these