Banking Awareness Quiz : Set 08

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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, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed _________.
A. 15 lakh
B. 25 lakh
C. 35 lakh
D. 45 lakh
E. None of these

Q2. As per MSMED Act 2006, In production/Manufacture, Small Enterprise is an enterprise where investment in plant and machinery is more than _________.
A. 15 lakh
B. 25 lakh
C. 35 lakh
D. 45 lakh
E. None of these

Q3. A Micro or Small Enterprise may be said to have become Sick, if Any of the borrowal account of the enterprise remains NPA for ________ months or more.
A. 3
B. 4
C. 2
D. 5
E. None of these

Q4. Who among the following set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)?
A. GOI
B. Ministry of MSME
C. SIDBI
D. All of these
E. None of these

Q5. Banking Ombudsman may award compensation not exceeding _____ to the complainant for mental agony and harassment.
A. 1 lakh
B. 2 lakh
C. 3 lakh
D. 5 lakh
E. None of these

Q6. The Banking Ombudsman Scheme is introduced under ________ of the Banking Regulation Act, 1949.
A. Section 25 A
B. Section 30 A
C. Section 35 A
D. Section 40 A
E. None of these

Q7. Which of the following categories under priority sector?
A. Export Credit
B. Agriculture
C. Social Infrastructure
D. Renewable Energy
E. All of these

Q8. Which of the following categories under priority sector?
A. Micro, Small and Medium Enterprises
B. Education
C. Housing
D. All of these
E. None of these

Q9. Which of the following country has the second highest GST rate?
A. France
B. Canada
C. Argentina
D. Switzerland
E. None of these

Q10. What are the taxes levied on an intra-State Supply?
A. CGST
B. SGST
C. CGST and SGST
D. IGST
E. None of these