Banking Awareness

Banking Awareness

Bharat Bill Payment System (BBPS)

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Here are some MCQs on Bharat Bill Payment System (BBPS) 1. What is the full form of BBPS? a) Bharat Bill Payment System b) Bank Bill Payment System c) Bharat Banking Payment System d) Bill Bharat Payment System 2. BBPS is an integrated bill payment system regulated by: a) Reserve Bank of India (RBI) b) … Read more

NEFT, RTGS and IMPS

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Here are some MCQs on NEFT, RTGS and IMPS 1. NEFT stands for: a) National Electronic Funds Transfer b) National Electronic Financial Transaction c) National Electronic Funds Transaction d) None of the above 2. Which of the following is not a feature of NEFT? a) Transactions can be initiated online or offline b) Can be … Read more

Payment and Settlement Systems Act, 2007

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Here are some MCQs on Payment and Settlement Systems Act, 2007 1. When did the Banking Payment and Settlement Systems Act, 2007 come into effect? a) 2005 b) 2006 c) 2007 d) 2008 2. Which regulatory body oversees the implementation of the Banking Payment and Settlement Systems Act, 2007? a) Reserve Bank of India b) … Read more

Payment Systems

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Here are some MCQs on Payment Systems 1. Which of the following is not a type of payment system? a) E-money b) Debit card c) Credit card d) Gift card 2. The Central Bank is responsible for _______ in a country. a) Issuing currency b) Clearing and settlement of transactions c) Regulating banks d) All … Read more

Technology in Remittance

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Here are some MCQs on Technology in Remittance 1. What is the purpose of banking technology in remittance? a) To facilitate faster and more secure international money transfers b) To reduce the cost of money transfers for customers c) To streamline the process of sending and receiving money globally d) All of the above 2. … Read more

Methods of Remittance

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Here are some MCQs on Methods of Remittance 1. Which of the following is NOT a banking method of remittance? a) Wire transfer b) Demand draft c) Cashier’s check d) Money order 2. A wire transfer involves the electronic transfer of funds between: a) Two bank accounts within the same country b) Two bank accounts … Read more

Concepts Related to Negotiable Instruments

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Here are some MCQs on Concepts Related to Negotiable Instruments 1. Which of the following is not a negotiable instrument? a) Cheque b) Promissory Note c) Bill of Exchange d) Demand Draft 2. Which parties are involved in a negotiable instrument? a) Payee and drawer b) Payee and drawee c) Drawer and drawee d) Payee … Read more

Various Negotiable Instruments

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1. The payment made through a cheque is known as: a) Cash payment b) Online payment c) Electronic payment d) Cheque payment 2. Which of the following is not a negotiable instrument? a) Cheque b) Promissory note c) Bill of exchange d) Invoice 3. A promissory note is a written promise to: a) Lend money … Read more

Various Saving Schemes and Products

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Here are some MCQs on Various Saving Schemes and Products 1. Which of the following is NOT a type of savings account? a) High-yield savings account b) Certificate of deposit c) Money market account d) Checking account 2. A savings account typically offers: a) Higher interest rates than checking accounts b) Lower interest rates than … Read more

Banking Ombudsman Scheme

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Here are some MCQs on Banking Ombudsman Scheme 1. Who is the final authority for appointing the Banking Ombudsman in India? a) Reserve Bank of India b) Ministry of Finance c) Securities and Exchange Board of India d) Indian Banks’ Association 2. Banking Ombudsman Scheme was first introduced in India in which year? a) 1982 … Read more

IMPORTANT EXAMS

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