Q1: Which deposits are a combination of demand & fixed deposits for
meeting customer's financial needs in a flexible manner? *
A.
Recurring deposits
B.
Fixed deposits
C.
Hybrid deposits
D.
Term deposits
Q2: What is the purpose of
which MUDRA loan can be availed for carrying on any activity related to ________ *
A.
manufacturing, Processing, Trading, Services
B.
Personal Loans
C.
Investment in
Shares, Commodities in Primary or Secondary Market
Q3: Which system is a fund
transfer mechanism where the transfer of money takes place one bank to another on a
real-time and on 'gross' basis? *
A.
Remittances through RTGS
B.
AEPS
C.
IMPS
D.
SWIFT
Q4: Kisan Credit Card issued
for *
A.
Short term only
B.
For term loans only
C.
For both the short term & term loan
D.
For meeting domestic
expenses only
Q5: The banker-customer relationship in
case of remittance is that of: *
A.
Debtor-Creditor
B.
Credit-Debtor
C.
Agent-principal
D.
Trustee-Beneficiary
Q6: Payment banks can accept deposits ________ *
A.
of any type and also
without any ceiling
B.
term deposits only
C.
demand deposits only
bu there is no upper limit for it
D.
demand deposit having balance not exceeding Rs. 1L
per customer
Q7: A NPA is a loan or
advance here *
A.
Interest and/or instalment of principal remain
overdue for a period of more than 90 days
B.
Interest and/or instalment
of principal remain overdue for a period of more than 180 days
C.
Interest and/or instalment
of principal remain overdue for a period of more than 270 days
D.
None of the above
Q8: There is a minimum amount, as per
each bank policy below which fixed deposit accounts may be opened *
A.
True
B.
False
Q9: Once a nomination is made
in a deposit account *
A.
It is irrevocable
B.
It can only be
amended
C.
It can be both cancelled & amended
D.
It can be cancelled
Q10: PMMY loans are applicable to
____ *
A.
All banks all over India
B.
Within the notified
areas/ locations in India
C.
All banks all over
India & abroad
Q11: Retail loans are generally granted
to: *
A.
Professionals,
individuals some money is owned
B.
A person to whom
some money is owned
C.
Individuals,
Institutions, Companies
D.
Professionals, Salaried Employees, Corporations
Q12: An account holder draws
a cheque on a: *
A.
Banker of the Payee
B.
Banker of the Drawee
C.
Banker of the Drawer
D.
Banker of the
Endorsee
Q13: How much time is taken in RTGS for
effecting funds transfer from one account to another? *
A.
The beneficiary bank has to credit the
beneficiary's account within two hours of receiving the fund's transfer message
B.
The beneficiary bank
has to credit the beneficiary's account within one hour of receiving the fund's
transfer message
C.
The beneficiary bank
has to credit the beneficiary's account within two hours of receiving the
settlement time of the batch
D.
The beneficiary bank
has to credit the beneficiary's account within twenty-two hours of receiving
the settlement time of the batch
Q14: Crossing a cheque
_______ *
A.
On the face or back
of the cheque
B.
Always be between
two parallel transverse line
C.
On the face of the cheque
D.
Can be cancelled by
the drawer as per NI Act
Q15: Housing loans granted to
individuals up to Rs. _____ for construction of the houses (Eluding loans granted
banks to their employees) at non-urban centres are treated as priority sector
advances. *
A.
Five Lakh
B.
Ten Lakh
C.
Twenty Lakh
D.
Fifteen Lakh
Q16: "DFS" stands for
________ *
A.
Direct financial
service society
B.
Department of financial services
C.
Distressed farmers
service
D.
None of the above
Q17: What are the documents
are required to be submitted for availing loans under MUDRA? *
A.
Standard loans
application form
B.
KYC & other
documents as may require as per internal guidelines of lending bank/NBFC/MFI
C.
Both of the above
Q18: When a bank lends money
to the corporate person the relationship is *
A.
Borrower &
lender
B.
Creditor & debtor
C.
Debtor &
creditor
D.
Customer &
client
Q19: IDBI is a *
A.
Private bank
B.
Nationalized bank
C.
Public sector bank
D.
Development bank
Q20: Banks have recently
launched a service through which money can be transferred using mobile phones,
this service is known as ____ *
A.
MTMT (Mobile to
Mobile Transfer)
B.
MMTF (Mobile Money
Transfer Facility)
C.
IMPS (Inter-Bank Mobile Payment Service)
D.
IBMPS (Internet
Banking Mobile Payment System)
Q21: The Process of stopping
the physical movement of cheques from banks to the clearinghouse. *
A.
Cheque Truncation System (CTS)
B.
Aadhar Payment
Bridge System (APBS)
C.
Aadhanr Enabled
Payment System (AEPS)
D.
e-KYC
Q22: What are the modalities
to be followed under the DBT of the LPG subsidy scheme? *
A.
In case the customer
is having Aadhar number that should be linked to their bank account LPG
distributor
B.
If the customer is not
having the Aadhar number should be linked/seed their bank account number with
their LPG distributors
C.
The LPG customer can
also get a subsidy by linking LPG customer ID with their bank account
D.
All of the above
Q23: Which of the following
is the correct formula for compound interest? *
A.
A=P(1+r/n)^nt
B.
A=R(1+p/n)^nt
C.
A=P(1-r/n)^nt
D.
None of the above
Q24: When will a loan be
NPA? *
A.
Interest and/or loan
instalments overdue for more than 90 days
B. The account is out of
order for more than 90 days in case of overdraft/cash credit
C.
Bills remain overdue
for more than 90 days in BP/BD
D.
All of the above
Q25: In Banker's parlance, credit RISK (link)
in lending refers to: *
A. Default of repayment of a borrower
B.
Default of bankers
in maintaining SLR
C.
Default of a banker
to release credit to a borrower
Change in value of
foreign currency
Bold option is
correct answer.
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