Welcome to your Ultimate Banking Awareness Mastery Quiz
📌 Quiz Instructions – Please Read Carefully
Welcome to this quiz on Digistudylab.in. Before you begin, please take a moment to read the instructions below:
📝 This quiz consists of 25 questions, selected randomly from a larger question pool.
🔄 Each attempt is unique — you will receive different questions every time you start the quiz.
🔀 The answer options are shuffled randomly for every question. Even if the same question appears again in a future attempt, the answer order may change.
⏱️ You have 15 minutes to complete the quiz. The timer starts as soon as the quiz begins.
- 🧠 Take your time to read each question carefully before answering.
🎯 Scoring System:
🔁 You may attempt the quiz multiple times to improve your understanding and performance.
⚠️ Please avoid refreshing or closing the browser during the quiz, as your progress may be lost.
💻📱 It is recommended to complete the quiz on a single device and browser for the best experience.
⭐ Important Learning & Safety Notes (Please Read)
✍️ You are encouraged to write the questions and answers on paper if you wish.
Physical writing helps improve memory, clarity, and long-term learning.
🚫 Cheating is not allowed. This includes:
These actions may help temporarily, but they do not help you learn or improve your knowledge.
🎓 This quiz is designed purely for learning, self-assessment, and knowledge improvement.
After the quiz ends, the correct answers and explanations will be revealed, helping you learn naturally from your mistakes.
📊 Your quiz score reflects your current level of understanding, not your intelligence or potential.
🤝 Digistudylab.in does not gain anything if you cheat.
But when you attempt the quiz honestly:
Our real satisfaction comes from knowing that this quiz added value to your learning journey — whether by teaching a new concept, refreshing your memory, or helping you assess your knowledge honestly.
🔒 Important Notice About Payments & Scams
✅ Digistudylab.in is 100% free to use.
❌ We do NOT charge any money from users in any form.
❌ We will never ask for payments via:
🎯 All quizzes, learning materials, and practice resources on this website are completely free and unlimited.
👉 To get started, simply create a free account and start exploring.
If anyone asks for money in the name of Digistudylab.in, please ignore it — it is a scam.
👉 Attempt the quiz sincerely, learn from it, and grow with every attempt.
All the best! Start the quiz and enjoy learning. 🚀
1. What does e-wallet store?
2. Which banking service allows standing instructions for recurring payments?
3. Which term refers to bank’s profit after expenses?
4. What is the primary role of a bank branch?
5. What is the primary aim of financial literacy?
6. What does “Core Banking” mean?
7. Which term refers to the process of evaluating a borrower’s creditworthiness?
8. What does “banking ombudsman” handle?
10. Which body regulates insurance companies in India?
11. What does SLR represent in banking?
12. Which banking activity supports international trade?
13. What does IMPS enable?
14. What is a credit card?
15. Which term refers to converting assets into cash quickly?
16. Which of the following is India’s largest public sector bank?
17. Which banking term means temporary overdrawing?
18. What is financial inclusion?
20. What is the function of a clearing house?
21. Which banking concept ensures privacy of customer data?
22. Which instrument is used to fight excess liquidity?
23. What is the purpose of cheque truncation system (CTS)?
24. What does “Know Your Customer” (KYC) ensure?
25. Which term refers to banks lending among themselves overnight?
