Q1. Which loans are
provided for the purchase of assets and creation of assets connected with rural
activities under agriculture, plantation, semi culture etc, where the amount is
repayable over a period of time exceeding three years? *
A.
Land
Development
B.
Crop Loan
C.
Minor
Irrigation
D.
Agricultural team Loans
Q2. IMPS stands
for *
A.
Immediate
Payment Service
B.
Intermediate
Payment Service
C.
Inter-Bank
Payment Service
D.
None of the above
Q3. What is the self
help group? *
A.
a small a voluntary association of poor people preferably from the same socio-economic
background
B.
coming
together for the purpose of solving their common problems through self-help and
mutual help
C.
promoting
small savings among its members
D.
All the above
Q4. Which of the
following is true of mortgage? *
A.
Lender is
mortgager
B.
Typical of
hypothecation
C.
Possession
handed over when charge created
D.
Transfer of interest on specific immovable property
Q5. Who can sanction
overdraft under PMJDY? *
A.
BC agent
B.
Bank Branch
C.
Controlling
office of the bank
D.
None of the
above
Q6.Retail Loans are
generally of: *
A.
Large
amounts
B.
Medium
amount
C.
Small
amounts
D.
Medium and small amounts
Q7. The bank on which
the cheque is written is the drawee *
A.
True
B.
False
Q8. The long term
vision of Jan Dhan Yojna Lay foundation of a ____________ economy *
A.
Cash
B.
Barter
C.
Cashless
D.
Planned
Q9. Which of the
following statements is False? *
A.
SARFESI Act
provides for enforcement of security interest for realisation of dues without the intervention of courts and tribunals.
B.
Credit
Information System was started with the objective of sharing information about
borrowers committing defaults with any of the banks.
C.
Banks can
settle disputes involving amounts up to Rs 20 lakh through the forum Lok Adults
D.
As per RBI directives, the bank can
reschedule/restructure/renegotiation borrowal accounts with retrospective
effect.
Q10. The RBI has
directed that KYC(Know Your Customer)Norms be simplified for *
A.
Persons with
balances below Rs 5,000 and credits in account not exceeding Rs 10,000 in a
year
B.
Persons with
balances below Rs 10,000 and credits in account not exceeding Rs 50,000 in a
year
C.
Persons with
balances below Rs 1,00,000 and credits in account not exceeding Rs 5,00,000 in
a year
D.
Persons with balances below Rs 50,000 and credits
in account not exceeding Rs 1,00,000 in a year
Q11. What is Lok
Adalat? *
A.
It is an
easy process of Settlement of Bank dues
B.
Small loans up to a specified amount (less than 20 lakhs) can be settled through Lok Adalat
C.
It is a
process of mutual settlement
D.
All of the above
Q12. Sample projects
profile for running and settling up of micro/small enterprises is available at
____________ *
A.
DFS Website
B.
MUDRA Website
C.
PMO Website
Q13. PMJDY LIC
Insurance of Rs30,000/- is available for first-time accounts opened *
A.
On 15th
August 2014
B.
On 26th
January 2015
C.
Between 15th August 2014 and 26th January 2015
D.
None of
above
Q14. In Bank balance
sheet,loans and advances will appear in ____________ column *
A.
Liabilities
B.
Assets
C.
Capital
D.
Income
Q15. Who among the
following is not a member of the district level implementation committee for
implementation and monitoring of PMJDY scheme? *
A.
Distract
development management of NABARD
B. The branch manager of one of the rural bank branch
C.
NRLM members
D.
Senior-most
officers of banks in the district
Q16. A senior citizen
cannot open a deposit account jointly with non-senior citizen *
A.
True
B.
False
Q17. Which currency
note has a security thread? *
A.
Rs 50/-
B.
Rs 100/-
C.
Rs 500/-
D.
All of the above
Q18. Current account
deposit are not entitled to _________ *
A.
Cheque book
above 100 leaves
B.
Monthly
Statement
C.
Cash Payment
D.
Interest
Q19. The remitting the customer has to furnish which of the following information to a bank for
effecting an RTGS remittance *
A.
Amount to be
remitted
B.
Name of the
beneficiary bank
C.
Account
number of the beneficiary customer
D.
All of the above
Q20. Pradhan Mantri
Jan Dhan Yojna(PMJDY) was launched on which of the following date *
A.
16th May
2014
B.
15th August
2014
C.
28th August 2014
D.
2nd October
2014
Q21. Bill Pay the facility is extended to current account customers only *
A.
True
B.
False
Q22. Which banks are
different from the existing bank as they have to serve local areas to meet credit
and remittance needs of a small business, unorganised sector, low-income
households and migrant workforce? *
A.
Small Finance Banks
B.
Foreign
Banks
C.
Regional
Rural Banks
D.
Payment
Banks
Q23. The scheduled commercial
banks are expected to enlarge credit to the priority sector and ensure that
priority sector advances constitute ____________ ANBC or Credit Equivalent
Amount of Off Balances Sheet Exposure whichever is higher *
A.
Eighteen per cent
B.
Forty per cent
C.
Twelve per cent
D.
Twenty Five per cent
Q24. The banker can
reduce risk in lending to a borrower *
A.
By obtaining
adequate security
B.
By ensuring
that there will be no problem of liquidity with the borrower
C.
By ensuring that there will no default on the account and
lack of liquidity and back of willingness to pay on the part of the borrower
D.
By doing due
diligence under KYC guidelines
Q25. Minors account
can be opened in the Guardianship of ___________ *
A.
Mother and
Father
B.
Mother or Father
C.
Grandfather
D.
Elder
Brother
Bold option is
correct answer.
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