Q1: EMI calculation
is based on __________ factors *
A.
Principle
B.
Number of
years or months of repayment
C.
Rate of
Interest
D.
All of the above
Q2: Objectives of
KYC: *
A.
To ensure appropriate customer identification
B.
To monitor the transaction of suspicious nature
C.
If the loan is given, it would not be an NPA
D.
To create a
database of customer
Q3: Which of the
following agencies involved in Micro-Insurance? *
A.
Non-Government
Organizations
B.
Self-Help
Groups
C.
Micro-Finance
Institutions
D.
All of the above
Q4: Loans repayable
up to _________ are termed as Short term loans under Agriculture Finance. *
A.
12 months
B.
18 months
C.
24 months
D.
32 months
Q5: Identify the
False Statement *
A.
Banks give
overdrafts and loans to everyone who opens an account.
B.
Second
educational loan is never sanctioned by banks
C.
Both are False
D.
Both are
True
Q6: RuPay debit card
is introduced by _________ *
A.
Reserve bank
of India
B.
Institute of
Banking Personnel Selection
C.
National Payments Corporation of India
D.
Ministry of
Finance
Q7: By using QSAM
service one can check their aadhar seeding status with their bank account by
dialing *
A.
*99#
B.
*999*9#
C.
*99*99#
D.
*999#
Q8: What is the
Infrastructure requirement for the Kiosk Operator? *
A.
PC with web
camera & speaker
B.
Internet
Connectivity
C.
Finger Print Scanner
D.
All of the
above
Q9: The single most
important skill financial counselors have is their technical expertise *
A.
True
B.
False
Q10: What implies
bringing low income & disadvantaged groups under the coverage of banking by
providing them access to banking services at an affordable cost? *
A.
Agriculture
Banking
B.
Financial Inclusion
C.
Universal Banking
D.
Electronic
banking
Q11: Nomination
facilities are available *
A.
In deposit
accounts
B.
On safe
deposit lockers
C.
On articles
deposited for safe custody
D.
In all the above cases
Q12: Which are banks
incorporated in India whose shares are held by the public majority of these banks
belong to the category of old generation private banks characterized by small
balance sheet size, regional operations, and business activities? *
A.
Foreign
Banks
B.
Indian
Private Sectors Banks
C.
Local Area Banks
D.
Payment
Banks
Q13: What is the maximum the loan amount available under PMMY? *
A.
5.00 lacs
B.
10.00 lacs
C.
50.00 lacs
Q14: Hybrid deposits
means *
A.
Combination
of SB & CD
B.
Combination of Demand & Fixed Deposit
C.
Combination
of Monthly Income Scheme & Half Yearly Scheme
D.
None of the
above
Q15: Principle functions
of Banks are _________ *
A.
Accepting
deposits
B.
Lending
& Investing
C.
Non-Fund
business & remittance services
D.
All of the above
Q16: ATM means *
A.
Any time
money
B.
Auto Truck
of Mahindra
C.
Automated Teller Machine
D.
None of the
above
Q17: Flexi recurring
deposits are preferred by which type of customers? *
A.
Salaried
Class
B.
Segments which have regular periodic cash inflows
C.
Segments
which do not have regular periodic cash inflows
D.
None of the
above
Q18: Interest on
Savings Bank Deposits is paid *
A.
Every Month
B.
Quarterly
C.
Half Yearly
D.
As per bank
policy
Q19: The sum assured
for life insurance cover provided under the PMJDY scheme is ________ *
A.
Rs. 30,000/-
B.
Rs. 5,000/-
C.
Rs. 25,000/-
D.
Rs.
1,00,0000/-
Q20: APBS (Aadhar
Payment Bridge System) *
A.
Single debit
to the sponsor bank's account and multiple credits to different destination
bank's account
B.
Multiple
debits to different destination bank's account and a corresponding single
credit to Sponsor bank account
C.
Used by an instruction for disbursement for
subsides/government benefits to a large number of beneficiaries
D.
Both A &
C
Q21: The scope of
activities to be undertaken by the business correspondents will not include
________ *
A.
Identification
of potential customer
B.
Collection
of small value deposit
C.
Sanctioning of loans not exceeding Rs. 1000
D.
Recovery of
principle & collection of interest from the borrower
Q22: When the
banker allows overdraft to his customer, the relationship between his customer
and him is that of *
A.
Bailor &
Bailee
B.
Leassor
& Lessee
C.
Debtor & Creditor
D.
Creditor
& Debtor
Q23: PMJDY means
_________ *
A.
Prime
Minister Jan-Dhan Yoajna
B.
Pradhan Mantri Jan-Dhan Yoajna
C.
Pradhan
Mantri Janandolan Yoajna
Primary
Money Jodan Yojana
Bold option is correct answer.
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