Banking Awareness Quiz : Set 12

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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. What is the rate applicable under CGST to a registered person being an hotelier opting to pay taxes under composition scheme?
A. 1%
B. 0.5%
C. 2.5%
D. 3%
E. None of these

Q2. According to the recovery of tax (Section 79 and 13 of UTGST Act), after how many days, the proper officer may cause the sale of the distressed property?
A. 30 days
B. 60 days
C. 90 days
D. 120 days
E. None of these

Q3. Loans to individuals up to ______ in metropolitan centres (with the population of ten lakh and above) under priority sector.
A. Rs. 25 lakh
B. Rs. 18 lakh
C. Rs. 15 lakh
D. Rs. 28 lakh
E. None of these

Q4. Loans up to _______ in other centres for purchase/construction of a dwelling unit per family under priority sector.
A. Rs. 20 lakh
B. Rs. 18 lakh
C. Rs. 15 lakh
D. Rs. 28 lakh
E. None of these

Q5. One can file the appeal against the award or decision of the Banking Ombudsman rejecting the complaint within ______ of the date of receipt of the Award.
A. 25 days
B. 18 days
C. 15 days
D. 30 days
E. None of these

Q6. If a complaint is not settled by an agreement within a period of ____ month, the Banking Ombudsman proceeds further to pass an Award.
A. 2
B. 1
C. 5
D. 8
E. None of these

Q7. T-bills auctions are held on the _______.
A. MSS
B. NDS
C. ECS
D. All of these
E. None of these

Q8. Treasury bills are also issued under the ________.
A. MSS
B. NDS
C. ECS
D. All of these
E. None of these

Q9. As per MSMED Act 2006, In providing or rendering of services, Medium Enterprise is an enterprise where investment in plant and machinery is more than _________.
A. 8 crore
B. 7 crore
C. 6 crore
D. 2 crore
E. None of these

Q10. As per MSMED Act 2006, In providing or rendering of services, Medium Enterprise is an enterprise where investment in plant and machinery does not exceed _____.
A. 8 crore
B. 3 crore
C. 7 crore
D. 5 crore
E. None of these