Banking Awareness Quiz : Set 10

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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. Is there any maximum rate prescribed under UTGST?
A. 14%
B. 28%
C. 20%
D. 30%
E. None of these

Q2. Which of the following can be used for payment of GST?
A. Payment by taxpayers through Internet Banking through authorized banks
B. OTC through authorized banks
C. Payment through NEFT/RTGS from any bank (including other than authorized banks)
D. All of these
E. None of these

Q3. For individual households, the loan limit is for renewable energy under priority sector ______ per borrower.
A. Rs. 5 lakh
B. Rs. 10 lakh
C. Rs. 15 lakh
D. Rs. 20 lakh
E. None of these

Q4. Bank loans up to ____ per unit to Micro and Small Enterprises under priority sector.
A. Rs. 1 crore
B. Rs. 2 crore
C. Rs. 3 crore
D. Rs. 5 crore
E. None of these

Q5. Which are the banks covered under the Banking Ombudsman Scheme, 2006?
A. Scheduled Commercial Banks
B. Regional Rural Banks
C. Scheduled Primary Co-operative Banks
D. All of these
E. None of these

Q6. The Banking Ombudsman charge ______ fee for filing and resolving customers’ complaints.
A. Rs. 100
B. Rs. 200
C. Rs. 300
D. Rs. 500
E. No Fee

Q7. CP can be issued in denominations of ________ or multiples thereof.
A. 8 lakh
B. 2 lakh
C. 6 lakh
D. 5 lakh
E. None of these

Q8. Who among the following can act as Issuing and Paying Agent(IPA) of CP?
A. Non-Scheduled Banks
B. Private Banks
C. Scheduled Banks
D. All of these
E. None of these

Q9. As per MSMED Act 2006, In production/Manufacture, Medium Enterprise is an enterprise where investment in plant and machinery does not exceed _____.
A. 18 crore
B. 20 crore
C. 10 crore
D. 15 crore
E. None of these

Q10. As per MSMED Act 2006, In providing or rendering of services, Micro Enterprise is an enterprise where investment in plant and machinery does not exceed _________.
A. 15 lakh
B. 10 lakh
C. 35 lakh
D. 45 lakh
E. None of these