Banking Awareness Quiz – Set 217

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. The new Rs. 50 denomination has a motif of _______ on the reverse, depicting the country’s cultural heritage.
   A. Mangalyan
   B. Hampi with Chariot
   C. Sanchi Stupa
   D. Red Fort
   E. None of these
   
   Answer & Explanation

   B. Hampi with Chariot
   Explanation:
   The new Rs. 50 denomination has a motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage.
   
   
2. The new Rs.200 denomination has a Motif of ______ on the reverse, depicting the country’s cultural heritage.
   A. Mangalyan
   B. Hampi with Chariot
   C. Sanchi Stupa
   D. Red Fort
   E. None of these
   
   Answer & Explanation

   C. Sanchi Stupa
   Explanation:
   The new Rs.200 denomination has a Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage.
   
   
3. The dimension of the Rs.50 banknote is _______
   A. 66 mm × 166 mm
   B. 66 mm x 135 mm
   C. 66 mm × 146 mm
   D. 66 mm × 150 mm
   E. None of these
   
   Answer & Explanation

   B. 66 mm x 135 mm
   Explanation:
   The dimension of the Rs.50 banknote is 66 mm x 135 mm
   
   
4. The dimension of the Rs.200 banknote is _______
   A. 66 mm × 166 mm
   B. 66 mm x 135 mm
   C. 66 mm × 146 mm
   D. 66 mm × 150 mm
   E. None of these
   
   Answer & Explanation

   C. 66 mm × 146 mm
   Explanation:
   The dimension of the Rs.200 banknote is 66 mm × 146 mm
   
   
5. The base color of the Rs. 50 note is _______.
   A. Bright Yellow
   B. Fluorescent Blue
   C. Magenta
   D. Stone Grey
   E. None of these
   
   Answer & Explanation

   B. Fluorescent Blue
   Explanation:
   The base colour of the Rs. 50 note is Fluorescent Blue.
   
   
6. The base color of the Rs. 200 note is _______.
   A. Bright Yellow
   B. Fluorescent Blue
   C. Magenta
   D. Stone Grey
   E. None of these
   
   Answer & Explanation

   A. Bright Yellow
   Explanation:
   The base color of the Rs. 200 note is Bright Yellow.
   
   
7. Foreign exchange for travel abroad can be purchased from an authorized person against rupee payment in cash below ______
   A. 40,000
   B. 30,000
   C. 20,000
   D. 50,000
   E. None of these
   
   Answer & Explanation

   D. 50,000
   Explanation:
   Foreign exchange for travel abroad can be purchased from an authorized person against rupee payment in cash below Rs.50,000
   
   
8. An Authorised Dealer (AD) is any person specifically authorized by the RBI under ______ of FEMA, 1999.
   A. Section 10(1)
   B. Section 11(1)
   C. Section 12(1)
   D. Section 13(1)
   E. None of these
   
   Answer & Explanation

   A. Section 10(1)
   Explanation:
   An Authorised Dealer (AD) is any person specifically authorized by the RBI under Section 10(1) of FEMA, 1999, to deal in foreign exchange or foreign securities.
   
   
9. In FFMC, “M” stands for ___
   A. Mortgage
   B. Maturity
   C. Money
   D. All of these
   E. None of these
   
   Answer & Explanation

   C. Money
   Explanation:
   Full-Fledged Money Changers – FFMC
   
   
10. A person coming into India from abroad can bring with him foreign exchange without ________
    A. Rs.25000
    B. Rs.50000
    C. Rs.75000
    D. Any Limit
    E. None of these
    
    Answer & Explanation

    D. Any Limit
    Explanation:
    A person coming into India from abroad can bring with him foreign exchange without any limit.