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Banking Awareness Quiz – Set 206

Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.

  1. In LRN, “R” stands for ______
    A. Remittance
    B. Reserve
    C. Rupee
    D. Registration
    E. None of these
    Answer & Explanation
    D. Registration
    Explanation:
    LRN – Loan Registration Number

  2. Income Tax PAN card is issued under _______ of the Income Tax Act.
    A. Section 138A
    B. Section 137A
    C. Section 136A
    D. Section 139A
    E. None of these
    Answer & Explanation
    D. Section 139A
    Explanation:
    Income Tax PAN card is issued under section 139A of the Income Tax Act

  3. In NRE, “E” stands for ______
    A. Export
    B. Exchange
    C. External
    D. Earned
    E. None of these
    Answer & Explanation
    C. External
    Explanation:
    NRE – Non Resident External.

  4. In PIO, “P” stands for _______
    A. Public
    B. Personal
    C. Person
    D. Permanent
    E. None of these
    Answer & Explanation
    C. Person
    Explanation:
    PIO – Person Of Indian Origin.

  5. How many Alpha Numeric Characters are there in PAN Card
    A. 7
    B. 8
    C. 9
    D. 10
    E. None of these
    Answer & Explanation
    D. 10
    Explanation:
    PAN is a unique, 10-character alpha-numeric identifier,

  6. In PAN Card, First five characters are ____
    A. Letters
    B. Numerals
    C. Both (A) and (B)
    D. Only (B)
    E. All of these
    Answer & Explanation
    A. Letters
    Explanation:
    In PAN Card, First five characters are Letters

  7. In PAN Card, 6th to 9th characters are ____
    A. Letters
    B. Numerals
    C. Both (A) and (B)
    D. Only (B)
    E. All of these
    Answer & Explanation
    B. Numerals
    Explanation:
    In PAN Card,6th to 9th characters are Numerals

  8. In PAN Card 10th digit is _______
    A. Letter
    B. Numeric
    C. Symbol
    D. Zero
    E. None of these
    Answer & Explanation
    A. Letter
    Explanation:
    In PAN Card 10th digit is letter

  9. In The first three letters are sequence of alphabets from AAA to ______
    A. KKK
    B. MMM
    C. PPP
    D. ZZZ
    E. None of these
    Answer & Explanation
    D. ZZZ
    Explanation:
    In the first three letters are sequence of alphabets from AAA to ZZZ.

  10. In PAN Card, If the fourth letter is P, then it denotes ______
    A. Company
    B. Firm
    C. Individual
    D. Trust
    E. None of these
    Answer & Explanation
    C. Individual
    Explanation:
    The fourth character informs about the type of holder of the card. P – Individual





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