Banking Awareness – 2020 for IBPS, RBI, SBI, NABARD and other Bank Examinations

Welcome to GKToday’s Banking Awareness Section. This section shows 100 random questions from GKToday’s Banking Awareness MCQs.

A chapterwise course of all the 925 questions divided into 88 Chapters in Banking Awareness is Available in GKToday’s Academy app for android mobiles.
71. What is LRS a2?

[A] LRS Modulation
[B] LRS activation
[C] LRS Declaration
[D] None of the above

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72. When was Liberalised Remittance Scheme established?

[A] February 1th, 2005
[B] February 4th, 2004
[C] February 7th, 2002
[D] February 8th, 2006

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73. What is the maximum amount of balance can be maintained an individual in payments bank?

[A] 1,50,000
[B] 1,00,000
[C] 50,000
[D] 25,000

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74. What is the minimum capital required to set up payments bank?

[A] Rs 100 crore
[B] Rs 75 crore
[C] Rs 50 crore
[D] Rs 25 crore

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75. How many payments banks have actually started operations since RBI has granted the in-principle approval?

[A] 3
[B] 5
[C] 9
[D] 6

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76. How much percentage of its funds can be held by payments banks in current and time deposit with Scheduled Commercial Bank?

[A] 25%
[B] 40%
[C] 50%
[D] 75%

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77. In which year National Electronic Fund Transfer started in India?

[A] 2004
[B] 2002
[C] 2006
[D] 2005

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78. Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to how much amount?

[A] USD 25,000
[B] USD 20,000
[C] USD 15,000
[D] USD 10,000

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79. Baroda Gift Card can be used for transactions at which of the following?

[A] POS only
[B] POS & Online purchases
[C] POS & BoB ATM
[D] POS & Online purchases & Bob ATM

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80. What is the maximum duration for which term money can be lent/borrowed?

[A] 1 day
[B] 15 days
[C] 30 days
[D] 1 year

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