Tuesday, 6 August 2019


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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