Banking Awareness Quiz

Question 1

What does KYC stand for in banking?

Accepted Answer

Know Your Customer

Answer

Know Your Country

Answer

Know Your Capital

Answer

Know Your Bank

Question 2

Which banking service is available 24x7 and doesn’t require visiting a branch?

Accepted Answer

Internet Banking

Answer

Core Banking

Answer

Retail Banking

Answer

Corporate Banking

Question 3

NPA stands for:

Accepted Answer

Non-Performing Asset

Answer

Net Profit Account

Answer

New Personal Account

Answer

Non-Performing Account

Question 4

What does RTGS stand for?

Accepted Answer

Real Time Gross Settlement

Answer

Real Time General Settlement

Answer

Rapid Transfer of Gross Settlement

Answer

Real Transfer General System

Question 5

Which committee recommended the introduction of GST in India?

Accepted Answer

Kelkar Committee

Answer

Nachiket Mor Committee

Answer

Narsimham Committee

Answer

Rajan Committee

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