banking gk Practice Question and Answer

Q:

The process of remitting foreign money to a country is called ______

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  • 1
    Inward Remittance
    Correct
    Wrong
  • 2
    Foreign Remittance
    Correct
    Wrong
  • 3
    Commercial banking
    Correct
    Wrong
  • 4
    Wholesale banking
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Inward Remittance"

Q:

A reverse mortgage is a special kind of home loan for

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  • 1
    Government Employees without any security
    Correct
    Wrong
  • 2
    Senior Citizens
    Correct
    Wrong
  • 3
    Beneficiaries under Below Poverty Line Criteria
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 2. "Senior Citizens"

Q:

What is 'B' stands for in "CIBIL"(related to credit ratings)?

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  • 1
    Bureau
    Correct
    Wrong
  • 2
    Base
    Correct
    Wrong
  • 3
    Bank
    Correct
    Wrong
  • 4
    Benchmark
    Correct
    Wrong
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Answer : 1. "Bureau"

Q:

The upper limit per UPI transaction is __________.

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  • 1
    10000
    Correct
    Wrong
  • 2
    20000
    Correct
    Wrong
  • 3
    50000
    Correct
    Wrong
  • 4
    1 lakh
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "1 lakh"

Q:

Which of the following test(in Banking) is a measure to prove that the jewellery was handed over from the past generation?

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  • 1
    Heredity Test
    Correct
    Wrong
  • 2
    Ancestral Test
    Correct
    Wrong
  • 3
    Heirloom Test
    Correct
    Wrong
  • 4
    All of the Above
    Correct
    Wrong
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Answer : 3. "Heirloom Test"

Q:

Which of the following is an example of Representative Money?

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  • 1
    Gold
    Correct
    Wrong
  • 2
    Silver
    Correct
    Wrong
  • 3
    Tobacco
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • 5
    All of these
    Correct
    Wrong
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Answer : 5. "All of these"

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