Important Banking Awareness Quiz – 119

1) If any Indian bank fails to maintain the required level of SLR, then the defaulter bank pays penal interest at the rate of ______ per annum above the Bank Rate on the shortfall amount for that particular day.
a) 4%
b) 5%
c) 3%
d) 2%
e) 6%

2) The minimum limit(Earlier Limit) of SLR is ______
a) 20%
b) 25%
c) 35%
d) 40%
e) None of these

3) GST is expected to be applicable from __________
a) October 31, 2017
b) August 31, 2017
c) July 31, 2017
D. June 30, 2017
e) July 01, 2017

4) “P” in NUUP stands for _____
a) Platform
b) Product
c) Program
d) All of these
e)  None of these

5) Which of the following taxes will be bound together by the GST?
a) Entry Tax
b) Purchase Tax
c) Luxury Tax
d) Advertisement taxes
e) All of these

6) In JLF, L stands for………………..

a) Liability

b) Loan

c) Lender

d) Lending

e) None of these

7) Which of the following taxes will be bound together by the GST?
a) Food Tax
b) Central Sales Tax (CST)
c) Octroi
d) Entertainment Tax
e) All of these

8. In AEPS, “E” stands for ______
a) External
b) Export
c) Earned
d) Enabled
e) None of these

9. Following the amendment of the Banking regulation Act(1949) in January 2017, the floor rate of SLR ______ was removed.
a) 20.25
b) 20.50
c) 20.75
D. 21.25
e) None of these

10 ) Which among the following bank has issued notice that Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure EMV chip based card by July 31^st?

a) State Bank of India

b) Punjab National Bank

c) Union Bank of India

d) Karnataka Bank

e) None of these

Important Banking Awareness Quiz – 118