Sunday, 4 August 2019


Q1. Which means offering all banking products and services (both fee-based and fund based services)under one roof and banks are making lower profit margins on their lending business with increased competition *
A.      Financial Inclusion
B.      Agricultural Banking
C.      Universal Banking
D.      Electronic Banking
Q2.Which of the below mentioned is a feature of RuPay Card *
A.      Magstripe/CHIP
B.      Aadhaar and Non-Aadhaar variants
C.      The transaction can be done at ATM/Micro ATM/Online
D.      All of the above
Q3. Self Help Group involves *
A.      Group of 5 to 20 people
B.      Regular savings habits
C.      Inter-lending within the group members
D.      All of the above
Q4. A loan for a refrigerator is granted against the security of: *
A.      Pledge of the item financed
B.      Hypothecation of the item financed
C.      Mortgage of the item financed
D.      Mortgage of all assets of the borrower
Q5. Bancassurance is *
A.      an insurance scheme to insure back deposits
B.      an insurance scheme exclusively for the employees of banks
C.      a composite financial service offering both banks and insurance products
D.      a bank deposit scheme exclusively for employees of insurance companies
Q6. Which deposit is also known as Flexi deposits *
A.      Demand deposits
B.      Term deposits
C.      Hybrid deposits
D.      None of the above
Q7. Which are repayable on the fixed maturity date along with the principal and agreed Interest rate for the period? *
A.      Recurring Deposits
B.      Savings Account
C.      Current Account
D.      Fixed Deposit
Q8. Cheque becomes stale after one year from the date of issue. *
A.      True
B.      False
Q9. With regard to Non-Savings Bank customers if more than ____________ transactions are made from any other bank ATM in a month, the charges will be levied at ______________ per transaction. *
A.      3 and Rs 20/-
B.      5 and Rs 10/-
C.      5 and Rs 20/-
D.      There will be no free withdrawals through other bank ATM and all withdrawals through other Bank ATM are chargeable at Rs 20 per transaction
Q10. SHGs can comprise of *
A.      all women group
B.      all men group
C.      mixed group
D.      All the above
Q11. Under MUDRA Loan, Shishu loans cover up to _________ *
A.      Rs 50,000/-
B.      Rs 1,00,000/-
C.      Rs 2,00,000/-
D.      Rs 2,50,000/-
Q12. What is the accidental death cover available to holders of Kisan Credit Card? *
A.      Rs 60,000   ( it was Rs.50000, but I do not know whether it has been changed or not)
B.      Rs 1,00,000
C.      Rs 1,50,000
D.      Rs 2,00,000
Q13. The regional rural bank is the best fitted to be the vehicle for financial inclusion in rural areas. *
A.      Their regional character
B.      Their functioning in a homogeneous agro-climatic area
C.      Their employees, hailing from the same area, are best suited to relate with the rural customers.
D.      They are managed by people from their parent banks.
Q14. Defaulter of loan means *
A.      Not paying loan installments
B.      Bad reputation
C.      Illegal activities
D.      None of the above
Q15. Under the farm mechanization scheme, the loan is given for *
A.      Providing irrigation facilities
B.      Cultivation expenses
C.      Purchase of farms equipment
D.      For digging wells
Q16. One of the essential requirements of a pledge are the actual or constructive delivery of the goods pledger by the pledger to the pledgee *
A)     True
B)      False
Q17. Financial Inclusion is propounded on the belief that *
A)     The growth potential is high in the target group
B)      It makes economic sense to bring the poor in the fold of the formal financial system
Banking is a service industry

Bold Options are correct answers.

No comments:

Post a comment

Banking & Finance Questions and Answers

Lendings-8 , Banking Fundamentals to Know for Students.

Blog on  Banking Technology for Common Customer  --  Click Here In States, where one of the minority communities notified is, in fact,...