The Banking and Insurance Awareness MCQs resource is designed to provide a strong conceptual foundation along with practice-based learning for competitive exam aspirants. It covers the most important topics from the banking, financial, and insurance sectors, helping candidates stay exam-ready with structured and relevant questions. This resource is highly useful for aspirants preparing for exams like SBI, IBPS, RBI, NABARD, SSC, and Insurance exams, where banking awareness plays a crucial role in scoring.
Banking and Insurance Awareness MCQs, FREE PDF
The Banking and Insurance Awareness MCQs FREE PDF is a complete practice guide that includes 400+ important questions with answers and detailed explanations. It is designed to help candidates revise key concepts and improve their understanding of core banking topics in a structured manner.
Key Features of the FREE PDF:
- Covers all important banking topics like:
- Cheques & Payment Systems
- AEPS & Digital Banking
- Basel Norms I, II & III
- NPA Classification & SMA
- CRR, SLR & Policy Rates
- Monetary Policy Committee (MPC)
- MSME & Priority Sector Lending
- Mutual Funds & Credit Rating
- Includes concept-based questions with explanations
- 400+ MCQs
Banking and Insurance Awareness MCQs, LIVE Quiz
The Banking and Insurance Awareness LIVE Quiz is designed to test your preparation in a real exam-like environment. It consists of a variety of MCQs based on important banking and insurance topics, helping candidates assess their performance and identify areas that need improvement.
Q1. A cheque issued by the holder that is presented to the bank more than 3 months after the date written on it is called:
Q2. When the date written on a cheque is later than the actual date on which it is presented to the bank, it is known as:
Q3. A cheque bearing a date earlier than the date on which it is presented to the bank (but within 3 months) is called:
Q4. What is the validity period of a cheque in India?
Q5. What is the maximum amount of transaction per account per day under AePS?
Q6. What is the maximum amount per single transaction under AePS?
Q7. Which of the following services is NOT available under AePS?
Q8. Which three things are required to perform a transaction under AePS?
Q9. What does BFD stand for in AePS?
Q10. Minimum validity period of Commercial Paper in India is:
Q11. Maximum validity period of Commercial Paper in India is:
Q12. Commercial Paper was introduced in India in which year?
Q13. Commercial Paper is issued in the form of:
Q14. Commercial Paper was initially issued in which denomination?
Q15. Banking Ombudsman Scheme was first introduced in:
Q16. Banking Ombudsman Scheme was introduced under which section?
Q17. Latest revision of Banking Ombudsman Scheme was in:
Q18. Banking Regulation Act was enacted in:
Q19. Narrowest measure of money supply is:
Q20. M2 is equal to:
Q21. Which is called Broad Money?
Q22. M4 is equal to:
Q23. Demand deposits are included in:
Q24. Basel Norms are issued by:
Q25. BIS stands for:
Quiz Summary
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Q26. Basel III norms introduced in:
Q27. Basel III added which risks?
Q28. Three pillars of Basel II are:
Q29. Minimum capital for Payment Bank:
Q30. First Payment Bank in India:
Q31. Payment Banks are registered as:
Q32. Payment Bank cannot offer:
Q33. Maximum balance in Payment Bank:
Q34. Minimum capital for Small Finance Bank:
Q35. Minimum capital for Universal Bank:
Q36. Narrow Banking concept by:
Q37. Narasimham Committee I year:
Q38. Finance Minister in 1991:
Q39. SEBI established in:
Q40. SEBI became statutory in:
Q41. SEBI regulates:
Q42. NABARD recommendation by:
Q43. Allowed in bank locker:
Q44. Agricultural Term Loan repayment source:
Q45. Max repayment period for Agri Loan:
Q46. Micro enterprise turnover:
Q47. Small enterprise turnover:
Q48. Medium enterprise turnover:
Q49. NOT part of Agriculture PSL:
Q50. Open-ended mutual fund means:
Quiz Summary
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Hi, I’m Tripti, a senior content writer at Oliveboard, where I manage blog content along with community engagement across platforms like Telegram and WhatsApp. With 3+ years of experience in content and SEO optimization related to banking exams, I have led content for popular exams like SSC, banking, railway, and state exams.
