Q.
1 Suppose a client put away Rs. 10000 and this earns a net average 7 percent
per annum, which is compounded. By the age of 60, a person who started this
practice at age 30(simply investing and not adding anything other than
invest)will have accumulated Rs....... *
a) 76122.55
b) 75000.55
c) 75600.45
d) 76211.54
Q. 2 Maximum tenure
of Fixed Deposit is *
a) 5 yeas
b) 7 years
c) 8 years
d) 10 years
Q. 3 The term EMI in
a housing or vehicle loan is calculated on the basis of : *
a) The principal of the loan
b) Principal and Interest on the loan
c) Interest on the loan
d) Principal and processing
charges on the loan
Q. 4 Small Finance
Banks are required to give finance *
a) Maximum up to Rs 25 lakhs
b) 50% of its total advance portfolio should be at least Rs 25 lakhs per
borrower
C) To any borrower without any
celling
d) only to priority sector as
defined by RBI
Q. 5 KYC
means.... *
a) know your customer
b) know your character
c) Both of above
d) None of above
Q. 6 Current deposits
fall under : *
a) Time liability
b) demand liability
c) Contingent liability
d) All of these
Q. 7 Assets are
classified as : *
a) Standard Assets and Performing
Assets
b) Standard Assets and
Non-Standard Assets
c)Non-performing Assets and Standard Assets
d) Performing Assets and
Sub-performing Assets
Q. 8 Who can open an
Account Under PMJDY? *
a) Minor above the 10 years
b) Only Lady of the house
c) Only head of the family
d) All of above
Q. 9 Provisions of
Serfeasi Act are not applicable and securities can not be acquired in more
than.....% on the principal Amount has been paid *
a) 50%
b) 60%
c) 75%
d) 80%
Q. 10 Basic Savings
Bank Deposit holders can do five free transactions(including both financial and
non financial transactions) in a month at other banks ATM at all locations
including the six metro locations, subjects to other conditions associated with
such accounts. *
a) True
b) False
Q. 11 What is Atal
Pension Yojana(APY)? *
a) Provides social security to
the unorganised sector
b) encourages workers to
voluntary save for their retirement
c) Fixed pension is paid on
attaining age of 60 years
d) All of above
Q. 12 Which of the
following is a fee based service? *
a) Collections of cheques
b) Safe Deposit Lockers
c) Standing Instructions
d) Merchant banking services
e) All of above
Q. 13 ATM's
Provide *
a) Round the clock Service
b) Anywhere banking facility
c) Privacy in transaction
d) Quick and efficient service
e) All of above
Q. 14 PMMY loan can
be availed from the bank which.....? *
a) The customer has the banking
relation with the bank
b) The customer does not have the
prior banking relationship(savings/current account)with the bank
c) Both a) And
b)
Q.
15 On the nomination form, signature of account holder to be attested by
: *
a) One witness
b) two witness
c) no of witness as per bank's
discretion
d) no witness
require for signature
Q.
16 If Rs. 1,00,000 is the money borrowed for 12 months and the RCI is 12% p.a,
then what would be the simple interest paid by the borrower to the lender
? *
a) Rs. 6000
b) Rs 8000
c) Rs. 10000
d) Rs. 12000
Q.
17 The person who signs a cheque is called drawer *
a) True
b) False
Q. 18 If the
bank is able to sell a assets(house/car/educational loan) to a savings/current
deposit account holder successfully, then it is called *
a) universal
banking
b) cross selling
c) extension banking
d) more selling
Q.
19 A special crossing on a cheque consists of..... *
a) Two parallel transverse lines
b) The words A/C payee only
between two parallel lines
c) The name of a banker across the face of the cheque
d) The words and
company between two parallel lines
Q.
20 Who issue the Mudra Card to customer? *
a) Banks either directly or in association with MFIs
b) MFIs directly
c) Mudra
Q.
21 Facial expression is............ communication. *
a)Oral
b) Written
c) Non-verbal
d) Verbal
Q.
22 What should be the minimum net worth of an NBFC-MFIs registered in a North
East state : *
a) Rs. 1crore
b) Rs. 2crore
c) Rs. 3crore
d) Rs. 5crore
Q.
23 Which of the following is correct ? *
a) Indians Nationals who have
secured admission to professional/technical courses through Entrance
test/selection process in India/Abroad can avail educational loan.
b) Travel Expenses are included
while working out educational loan amount.
c) Both are True d) Both are False
Q. 24 In education
loan no collateral security is insisted for loan up to *
a) Rs. 4 lakhs
b) Rs. 7.5 lakhs
c) Rs. 15 lakhs
d)
Rs. 10.00 lakhsBold Options are correct answers.
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