BC / BF
EXAM (IIBF) Series -30 (PROBABLE QUESTIONS AND ANSWERS)
Q1. Bank does not provide
loans for *
A.
Crop Loans
B.
Educations Loans
C.
Home Loans
D.
Drinking & Gambling
Q2. Photograph of the
customer is an important requirement to open a savings account *
A.
True
B.
False
Q3. Small Finance Banks are
required to provide at least ________ of their loans to borrowers classified
under priority sector and at least ________ of their loans must be below Rs 25
lakhs *
A.
25%,25%
B.
50%,25%
C.
75%,50%
D.
80%,75%
Q4. Current accounts deposits
are not entitled to *
A.
Cheque book above
100 leaves
B.
Monthly Statements
C.
Cash Payments
D.
Interest
Q5. A bank fixed deposits are
characterized by *
A.
Fixed/Floating
interest rate as agreed with the customer at the time of deposit
B. The fixed period of the
deposit
C.
Periodical Repayment
of interest
D.
All the above
Q6. Fixed deposit receipt
is *
A.
Negotiable
instrument
B.
Quasi-negotiable
instrument
C.
Non-negotiable instrument
D.
Negotiable subject
to certain conditions
Q7. Regional Rural Banks can
open its branches *
A.
anywhere in the
state wherein it has its Head Quarters
B.
anywhere in the
state but non-customer related officers can be opened anywhere in the country
C.
anywhere in the
country
D.
only in the Govt.notifieds area(District)
Q8. The characteristics of
Debit Cards are ________ *
a)
Payment for
purchases are directly debited into the account
b)
Cash Withdrawals
through ATMs are debited to the account immediately
c)
Payments made for
purchases/Usage will be debited subsequently after a certain period
d)
Both a) and b) are true
Q9. Limitation period for
filling suite for sale of immovable property is thirty years from the date
mortgage debt becomes due *
A.
True
B.
False
Q10. Banks have a rule that
savings bank account holder should keep specified minimum balance in the
account *
A.
True
B.
False
Q11. The mission mode
objectives of Pradhan Mantri Jan Dhan Yojna (PMJDY) consist of 6 pillars,which
among the following objective will be covered in Phase I *
A.
Universal access to banking facilities
B.
Providing Basic
Banking accounts with overdraft facility and RuPay debit card to all households
C.
Financial Literacy
Programme
D.
All of the above
Q12. If the cheque bears
across it face in addition to the crossing the name of a banker the cheque is
deemed to have been crossed specially to that banker *
A.
True
B.
False
Q13. Which are banks that
have been given license to function in a given area and they operate with a low
level of capital and cannot offer all the financial services of a commercial
bank? *
A.
Small finance banks
B.
Payment banks
C.
Foreign banks
D.
Local area banks
Q14. Micro Insurance Policies
are a special category of insurance policies to promote insurance coverage
among ___________ *
A.
Economically
vulnerable people
B.
Low income women
only
C.
Financially excluded
landless labourers only
D.
Distressed farmer only
Q15. Which type of deposits
earns higher interest rate? *
A.
Current Account
B.
Savings Account
C.
Fixed Deposits
D.
None of above
Q16. PMMY loan is given for
which purpose? *
A.
Income Generation Purpose
B.
Consumption Purpose
C.
Both of above
Q17. The District level
implementation committee for implementation and monitoring of PMJDY scheme is
headed by__________ *
A.
Lead direct manager
B.
District collector
C.
District development
manager of NABARD
D.
Zilla Panchayat
secretary
Q18. Find out EMI for a
housing loan of Rs 10Lakhs at an interest rate of 10.5% per annum repayable in
15 years *
A.
Rs 11,271
B.
Rs 11,054
C.
Rs 11,248
D.
Rs 11,504
Q19. The loan sanctioned by
banks/NBFCs/MFIs on or after upto 10lacs for small business income generating
activities are known as PMMY loans *
A.
18-Mar-15
B.
08-Apr-15
C.
202-May-15
Q20. A transfer of an
interest in specific immovable property for the purpose of security, for the
payment of money advanced or to be advanced by way of a loan, an existing or
future debit or the performance of an engagement which may give rise to a
pecuniary liability is called *
A.
Pledge
B.
Hypothecation
C.
Mortgage
D.
None of these
Q21. The difference between
the Debit and Credit card is__________ *
A.
Your account gets debited
immediately on using a credit card
B.
your account get credited immediately on using a
debit card
C.
Your accounts do
not get immediately on using a debit card
D.
None of the above
Q22. A settlement system in
which the processing and final payment of funds transfer instructions takes
place continuously is called________ *
A.
Debit clearing
system
B.
Credit clearing system
C.
National clearing
system
D.
Real-time gross
settlement
Q23. What are the facilities
available to the customers through ATM *
A.
Cash withdrawal subject
to a predetermined limit per day
B.
PIN Change
C.
Balance Enquiry
D.
All of the above
Q24. To enforce its right
under SARFAESI ACT,2002 a bank is required to give ________ days notice to
borrower *
A.
30
B.
45
C.
90
D.
60
E. 120
Bold option is
correct answer.
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