BC / BF EXAM (IIBF) Series -29 ( PROBABLE QUESTIONS AND ANSWERS )
Q. 1 For whom Current The account is not generally opened? *
a) Individuals
b) Illiterate Persons
c) Blind Person
d) None of the above
Q. 2 The relationship
between the bank and the hirer of the Locker is that of a Lessor and
lessee? *
a) True
b) False
Q. 3 E or S
Means *
a) East or South Zone
b) Easy and Swift
c)Either or Survivor
d) None of the above
Q. 4 What is the full
name of MUDRA, launched by Govt in April 2015 *
a) Micro Units Development and Refinance Agency Ltd
b) Micro and Small Development
Refinance Ltd.
c)Micro Units Department and
refinance Agency Ltd
d) Micro Development and
Refinance Agency Ltd
Q. 5 SHG Stands
for? *
a) Society Housing Group
b) Society Household Group
c) Self house Group
d) Self Help Group
Q. 6 An Individual
who are above..... years of age being a sound mind can open a deposit
account *
a) 16
b) 18
c) 21
d) 25
Q. 7 If the Balance
in Savings Bank Account falls below the minimum level stipulated by Banks,
banks levy penalty. *
a) True
b) False
Q. 8 In NEFT the
settlement of transactions is done in batches. How many batches are held on
weekdays and Saturdays? *
a) 6 Batches on weekdays and 3
batches on Saturdays.
b) From July 10th, 2017 settlement of funds transfer requests in NEFT is
done on a half-yearly basis. There are twenty-three half-hourly settlement
batches run from 8 am to 7 pm on all working days of the week (except 2 & 4
Saturday)
c) 5 batches on weekdays and 2
batches on Saturdays.
d) 6 batches on weekdays and 4
batches on Saturdays
Q. 9 What is validity
period of cheque? *
a) 4 Months from date of issue
b) 3 Months from date of issue
c) 1 Month from the date of issue
d) Unlimited
Q. 10 Which of The following is not True about. Credit Cards? *
a) Different types of Credit
Cards are offered by different Banks
b) Card limits vary with
Individuals
c) Free Credit Period is not allowed and payment is instantaneous.
d) Allows purchases at one point
and payment to be made subsequently.
Q 11 What is the
Amount of Overdraft facility sanctioned under PMJDY is classified as MUDRA
loans under PMMY? *
a) 5000/-
b) 10000/-
c) 15000/-
Q. 12 What The relationship is created when the bank collects a cheque in the clearing ? *
a) Clearing Member and Principle
b) Agent and Principle
c) Collecting bank and holder
d) None of Above
Q. 13 The single most
important skill financial counselors have in their technical expertise *
a) True
b) False
Q. 14 PPF means
... *
a) Pension Planning Funds
b) Person having pension
facilities
c) Public Provident Fund
d) permanent Practitioners Forum
Q. 15 The banker
customer relationship comes to an end on the happening of the following
event. *
a) Death/ Insolvency / Lunacy of the depositor
b) Arrest/imprisonment of the
depositor.
c) Migration of the Depositor to
a foreign country.
d) All the Above.
Q. 16 POS machine is
a small device installed at almost business centers to facilitate cashlessly
purchase to their customers. POS stands for ...... *
a) Payment or Sale
b) Point of Sale
c) Point or Settlement
d) Purchase and Sale
Q. 17 The upper value
limit of an individual national electronic funds transfer (NEFT) transaction
is *
a) Rs. 20,000
b) Rs. 50,000
c) Rs. 1 Lakh
d) No Upper Limit.
Q. 18 In a deposit
account the relationship between bank and customers. *
a) Ballee and Ballor
b) Debtor and Creditor
c) Principle and agent
d) Trustee and Beneficiary
Q. 19 An Amount of
40,000 for 3 years fetches a simple interest(SI) of 11% p.a. The SI at the end
of 3 years is.. *
a) 8,800
b) 13,200
c) 14,400
d) 10,200
Q. 20 What is the tagline of Pradhan Mantri Jan Dhan Yojna ( PMJDY)? *
a) Bank Khata he Bhagya Laxmi
b) Bank Khata Khole Bhagya ki
Dewar Khole
c) Mera Khata Bhagya Vidhata
d) Mera Khata Meri Jama Punji
Q. 21 Which of the
following is not true regarding Micro- ATMs? *
a) Micro- ATMs are biometric
authentication enables the handheld device
b) In Order to make the ATMs
viable rural / semi-urban centers, low-cost Micro ATM would be deployed at each
of the bank Mitra location.
c) This device is not based on a mobile phone connection
d) This would enable a person to
instantly deposit or withdraw funds regardless of the bank associated with a
particular bankMitra/business corresponded
Q 22 Account Payee
cheques can be paid *
a) At cash counter of the bank
b) At ATM
c) By deposit in Bank account
d) None of the above
Q. 23 The game for
coverage for under the scheme of the insurance cover under PMJDY is.*
a) The age group of 21 to 59
b) The age group of 18 to 59
c) The age group of 21 to 60
d) The age group of 18 to 58
Q. 24 Crossing is of
two types, General or special. General Crossing is governed under sec....of N.I
Act and Special Crossing is governed under section... of N.I Act. *
a) 123, 124
b) 124, 125
c) 125, 126
d) 127, 128
Q. 25 Which of the following can benefit from SARFAESI 2002? *
a) Bank
b) Financial Institutions
c) Both the above.
d) None of the above.
Bold option is
correct answer.
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