Q1: Who among the
following can't be Bank Mitra? *
A.
Retired bank
employees
B.
Retired
teachers
C.
Retired
Govt.Employees
D.
Local panchayat secretary
Q2: Expand
"AEPS" *
A.
Account
Enable Payment System
B.
Aadhar
Enable Payment & Settlement
C.
Aadhar Enabled Payment System
D.
Anywhere
Electronic Payment Solution
Q3: ___________ the account is maintained by businesses for their daily operations *
A.
Current
B.
Savings
C.
Fixed
Deposit
D.
Recurring
Deposit
Q4: Banks pays
interest on *
A.
Deposits
B.
Loans
C.
Both of the
above
D.
None of the
above
Q5: It is not
particularly important for the counselor to convey an attitude of acceptance
toward the client *
A.
True
B.
False
Q6: In case the
securities or documents are deposited by the customer for the purpose of safe custody
the banker deals with them according to the instructions of the customer, the
position of the banker is that of a *
A.
Debtor &
Creditor
B.
Principal
& Agent
C.
Trustee & Beneficiary
D.
Lesser &
Lessee
Q7: 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/-
Q8: Calculate the EMI
for the following particulars. Housing Loan - 40 Lakhs; Rate of Interest -
10.5%; Term of the loan - 20 Years *
A.
Rs. 40,000
B.
Rs. 39,935
Q9: A time deposit the account can normally be open for a maximum period of: *
A.
12 months
B.
10 years
C.
60 months
D.
72 months
Q10: Banks do not ask
for proof of residence while opening a savings bank account. *
A.
True
B.
False
Q11: The purpose of
advising clients in financial counseling is to convince them to do what counselors
think they should do. *
A.
True
B.
False
Q12: The three stages
of money laundering are: *
A.
Layering,
Placement, Refining
B.
Placement,
Refining, Integration
C.
Refining,
Integration, Layering
D.
Integration, Layering, Placement
Q13: When a bank acts
on the standing instructions of the customer to pay bills of utility services
such as Electricity, Telephone, etc,; the relationship between two is of: *
A.
Principal & Agent
B.
Owner &
Servant
C.
Trustee
& Beneficiary
D.
All of these
Q14: A vehicle loan
is granted against the security of: *
A.
Pledge of
the vehicle finance
B.
Hypothecation of the vehicle financed
C.
Mortgage of
the vehicle financed
D.
Hypothecation
of the assets of the borrower
Q15: Interest on FDRs
is compounded on *
A.
Monthly
basis
B.
Quarterly basis
C.
Half-yearly
basis
D.
Yearly basis
Q16: If A invest Rs.
24 at 7% interest rate for 5 years, total value at the end of 5 Years is *
A.
31.66
B.
33.66
C.
36.66
D.
39.66
Q17: Under Pradhan Mantri
Jan-Dhan Yojana (PMJDY), the account holder is provided with a RuPay debit card
with inbuilt accident insurance cover up to Rs. _____________ *
A.
5 Lakhs
B.
4 Lakhs
C.
2 Lakhs
D.
1 Lakh
Q18: In which cards,
transactions by the cardholder are accumulated over a period of time generally
a month and the total amount is charged, i.e debited to the account of the card
holder? *
A.
Charge card
B.
Credit Card
C.
Smart Cards
D.
Member Card
Q19: EMI stands for *
A.
Electronic
media interface
B.
Equated monthly installment
C.
Equal
monthly interest
D.
None of the
above
Q20: Working capital
means ___________ *
A.
Excess of
current assets over current liabilities
B.
Fixed Asset
- Current Assets
C.
Requirements for the day to day transactions
D.
None of the
above
Q21: Farmers club were initially
started by NABARD in 1982 as Vikash Voluntary Vahini program to propagate the
5 principles of "Development through ________". *
A.
Saving
B.
Credit
C.
Recovery
D.
Meeting
& Discussion
Q22: How much interest
saving would earn in the PMJDY Account? *
A. The interest rate applicable for savings bank account
B.
Interest the rate will be decided by the finance ministry
C.
No interest
will be provided
D.
Interest at
2% for the time being
Q23: The nature of the charge created while advancing against LIC policy is: *
A.
Assignment
B.
Lien
C.
Pledge
D.
Set off
Q24: GTBank, a
Nigerian bank gets a lot of money sent to its customers at home from the United States in the form of remittances. Since GTBank does not have a physical
presence in the US, it enters into an agreement with Citibank where the later has
an account remotely opened for GTBank in U.S.Dollars. This way money received
by U.S. Customer & businesses sending money to GTBank account holders in
Nigeria will be deposited in the account that GTBank has with Citibank. This
money deposited will then be transferred by Citibank via Swift to GTBank's U.S.
Dollar account in Nigeria. With the transfer complete, GTBanks receives the
dollar-denominated funds, convert it into local currency, i.e. the naira, and
deposits it to the local accounts of the recipients. From the GTBanks
perspective, it's U.S.dollar account with Citibank is a ______________ *
A.
Vostro
Account
B.
Loro Account
C.
Nostro Account
D.
Savings
account
Q25: Obligation of a
Banker to maintain secrecy is applicable to *
A.
Existing
deposit accounts
B.
Existing
safe deposit accounts
C.
Closed
deposit accounts
D.
All of these
Bold option is
correct answer.
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