Q. 1 Maintenance of
the following books/registrars is not compulsory for SHG *
a) Minutes Book
b) Saving and Loan registrar
c) Visitors Books
d) members passbook
Q2. There are no
restrictions on the number of credits in a savings bank account *
a) True
b)False
Q 3. What is the
present value of Rs 115000 to be received after 1 year at 10 % *
a) 121000
b)100500
c) 110000
d) 104545
Q. 4 MUDRA STANDS FOR
: *
a) Metropolitan and urban
regulatory authority
b) A scheme of the ministry of
AYUSH
C) Micro units development and Refinance Agency
d) None of above
Q. 5 PoS Machine is
small device installed at almost all business centres facilitate cashless
purchase to their customers. PoS stands for *
a) Payment on sale
b) Point of sale
c) Point of settlement
d) Purchase & Sales
Q. 6 Which of the
following Accounts are intended for keeping savings of individuals and small
businesses for meeting their future money needs and banks pay interest on these
accounts? *
a) Savings account
b) Fixed deposit
c) Current account
d) Recurring account
Q. 8 In NEFT, there are clearing
settlement batches and the return time allowed is.... *
a) 2 hours
b) 24 hours
c) 36 hours
d) 48 hours
Q. 9 Which Banks
cannot lend to customers or issue Credit cards? *
a) Regional Rural Bank
b) Local Area Banks
c) Foreign Bank d) Payment Bank
Q. 10 Which of
following is not a features of Swavalamban scheme launched by the Govt.? *
a)' Swavalamban' will be enable
for person who join 'NPS' or NPS 'Lite'
b) Minimum contribution is Rs.
1000 per annum during a financial year
c) Maximum contribution Rs. 12000
per annum during a financial year
d) Govt. will contribute Rs. 2000 in their NPS account each year up to the
year 2016-17
Q. 11 The Banks'
Model Policy on Grievance Redressal is based on certain principals. Which one
of the following is an incorrect principals? *
a) Customers will be fully
informed of avenues to escalate their complaints / grievances within the
organisations
b) Complaints raised by customers
will be dealt with courtesy and in time
c) Customers will be treated
fairly at all time
d) Bank will treat all complaints efficiently and fairly as they can
damage the bank's reputation and business if handed otherwise
Q. 12 Balance in
savings Bank account is payable : *
a) At notiec
b) On demand
c) After lapse of 24 days
d) All the above
Q. 13 An MFI can
maximum lend ...... in the first instance *
a) Rs.25000
b) Rs. 50000
c) Rs. 60000
d) Rs. 100000
Q. 14 Principal
functions of banks are : *
a) Accepting deposits
b) Lending and investing
c) Non-fund business and
remittance services
d) All of above
Q. 15 Fixed deposits
cannot be...... *
a) Renewed for a further period
on maturity date
b) Transforms to third parties
c) Pre-paid before the maturity
date
d) Can not be pledged to the bank
as security
Q. 16 Which of the
following are the essential elements of beneficiary's identification in NEFT c)
Beneficiary's name, Branch name, Account type, Beneficiary's account no,
Beneficiary's Branch IFSC *
a) Beneficiary's name, bank name,
Beneficiary's Accounts no, Beneficiary's Branch IFSC
b) Beneficiary's name, Account
type, Beneficiary's Accounts no, Beneficiary's Branch IFSC
c) Beneficiary's name, Branch
name, Account type, Beneficiary's account no, Beneficiary's Branch IFSC
d) Beneficiary's name, Branch name, Account type, Beneficiary's Account
no, Beneficiary's Branch IFSC
Q. 17) A Bank uses
the policy of monthly compounding for its term deposits. A customer deposits
Rs. 10000 for 5 years. Bank has mentioned 9% compounded Monthly. Calculate the
maturity amount? *
a) 15,386.24
B)15,529,69
C)15,605,9
D)15,656,81
Q. 18) In a bank
guarantee issued to a customer,bank assumes the role of *
A)Principle
B)Beneficiary
C)Guarantor D)None of the above
Q.19) What
relationship is created when the bank collects a cheque in clearing *
A)holder for value
B)clearing member & principle
C)agent & principle
D)collecting bank & holder
Q.20) The customer
has been defined in *
A)Negotiable Instruments Act
B)RBI Act
C)Banking regulation Act
D)Not defined
Q.21) The customer
can close an account *
A)As per his/her wish
B)With the consent of the bank
C)Both of the above
D)None of these
Q.22) The guidelines
for KYC principle relate *
A)to identification of depositors
B)to identification of person who
enters in bank/branch premises
C)to identification of person
roaming around the bank
D)All of the above
Q.23) Who can open
bank account *
A) Indian Citizen
B)Non Resident Indian
C)Illiterate
D)All of above
Q.24) Under________ plan
of insurance the assured is paid on expiry of the policy term only if the life
assured does not die within that term? *
a) Term
assurance plans
b) Endowment life plans
c) Whole life plans
d) none of above
Q. 25 What should be
the relationship between the banker and the customer for giving effect to a
garnishee order? *
a) Debtor-Creditor
b) Creditor-Debtor
c) Agent-principal
d) Ballor-Ballee
Bold Options are correct answers.
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