Q1. EBT stands for *
A.
Economic Benefit
Transfer
B.
Electronic Benefit Transfer
C.
Electronic Board for
transaction
Q 2. Liquidity with a banker
means *
A.
Cash on hand
B.
Cash and Bank
balances
C.
Short time current
assets to convert into cash
D.
All of the above
Q3. in Joint Hindu Family, the
eldest member is called as *
A.
Dada
B.
Karta
C.
Leader
D.
Guider
Q4. Which of the following
is/are the measures needed to keep RuPay Card safe? *
A.
RuPay card is to keep in self custody
B. The PIN should be
changed at frequent intervals
C. The PIN should never be
shared with anyone
D.
While using the card
at ATM machine or PoS, PIN should be entered in machine very secretly so that
nobody can ever access PIN number
Q5. For customers, banks
collect the cheque drawn on other banks also *
A.
True
B.
False
Q6. Calculate EMI for a Loan
Amount of Rs 5Lakhs towards the purchase of New Car. The interest rate applicable is
12% and term of the loan is 4 years *
A.
Rs 13,266
B.
Rs 13,167
C.
Rs 13,037
D.
Rs 14,000
Q7. Under Pradhan Mantri Jan
Dhan Yojna(PMJDY) overdraft facility for how much amount would be available
after the satisfactory operation of the account for 6 months? *
A.
Rs 1000/-
B.
Rs 5000/-
C.
Rs 10000/-
D.
Rs 15000/-
Q8. What does PMMY stand for?
A.
Primary Money Market
Yojana
B.
Prime Minister Mudra Yojana
C.
Prime lending Money
Yojana
D.
Pradhan Mantri Mudra
Yojana
Q9. ______________ is
responsible for the resolution of grievance at the branch level *
A.
BC Agent
B.
Designated Counter
Clerk
C.
Sub-staff
D.
Branch Manager
Q10. Branches may open
accounts for those customers who are not able to provide KYC documents, provided
they intend to maintain balances not exceeding Rs_________ in all their
accounts are taken together *
A.
Rs 1Lakh
B.
Rs 2Lakhs
C.
Rs 50,000
D.
Rs 5000 per month
Q11. Which of the following
are the main features of RuPay Debit Cards? *
A.
Lower cost and
affordability
B.
Protection of
information related to Indian Customers
C.
Customized product
offering
D.
All of the above
Q12. While collecting
cheques/billing etc. for a customer, the bank acts as: *
A.
an agent of the customer
B.
a trustee of the
customer
C.
a pledger
D.
a debtor
Q13. Bank having maximum
number of branches in India *
A.
Reserve Bank of
India
B.
State Bank of India
C.
Punjab National Bank
D.
Bank of Baroda
Q14.Kisan cards are issued to
farmers to enable them to *
A.
Withdraw money from
ATM in rural balances
B.
Purchase farm equipment
C.
Purchase
agricultural implement on credit from dealers
D.
Meet their cultivation and non-farm requirements
including the purchase of input in other short term requirement and working capital the requirement for allied activities
Q15. With respect to the safe
custody of an article, the relationship between the customer and the banker is
that of ballor-ballee *
A.
True
B.
False
Q16. From where the PMMY loan
can be availed? *
a)
Public Sector Banks, Private Sector Banks, Foreign Banks, Cooperative
banks, RRBs, NBFCs and MFIs
b) Directly from Mudra
Both a) and b)
Q17. The age for coverage
under the scheme of life Insurance cover under PMJDY is________ *
A. The age group of 21 to
50
B. The age group of 18 to 50
C. The age group of 18 to
60
D. The age group of 21 to
60
Q18. The term Financial
Inclusion has been defined as *
a)
The availability of
individuals to make informed judgments and effective decisions about the use
and management of money
b)
The provision of affordable financial services, viz,...access
to payments and remittance facilities, savings, loans, and insurance services
etc, covering the disadvantaged sections of the society
c)
Inclusion of finance
as a subject of study in schools
d)
All the above
Q19. Internet banking refers
to *
a)
Operation of account through internet
b)
Opening of account
through ATM
1.
Both a) and b)
2.
None of the above
Q20. In deposit accounts, the
main relationship between bank and customer is *
A.
Creditor-Bank, Debtor-Customer
B.
Debtor-Bank, Creditor-Customer
C.
Agent-Principal
D.
Servant-Owner
Q21. Interest on Savings Bank
Account is now calculated on daily product basis *
A.
True
B.
False
Q22. Know Your Customer (KYC)
guidelines are intended to*
A)
Establish identity with residence proof of the
customers
B)
Prevent fictitiously
or Benami transactions
C)
Protect the bank
from the risk of not acting in good faith
D)
All the above
Q23. Principle functions of
bank is *
A)
Accepting deposits
B)
Lending and
investing
C)
Non-fund business
and remittance service
D)
All of the above
Bold option is
correct answer.
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