BC / BF EXAM (IIBF) Series - 7 ( PROBABLE QUESTIONS AND ANSWERS )

21. What is the validity period of the 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

22. Under PMSBY, the partial disability claim is available for:

a) Rs.50,000/-

b) Rs.1 lac

c) Rs.2 lac

d) None of the above

23. Can an illiterate person be issued a Debit card?

a) No

b) Yes

c) Only in case of the joint account

d) Only in case, he is head of the family

24. Under APY, fixed pension can be chosen from:

a) Rs.1,000/-, Rs.2,000/-,

Rs.3,000/-, Rs.4,000/-, Rs.5,000/-

b) Rs.2,000/-, Rs.3,000/-,

Rs.4,000/-, Rs.5,000/-, Rs.6,000/-

c) Rs.500/-, Rs.1,000/-,

Rs.2,000/-, Rs.3,000/-, Rs.4,000/-

d) None of above

25. PMJDY LIC Insurance of Rs.30,000/- is available for first-time accounts opened

a) On 15^th August 2014

b) On 26th January 2015

c) Between 15th August 2014 and 26th January 2015

d) None of the above

26. _______ are not covered under the PMJDY Life Insurance Scheme of Rs.30,000/-

a) Employees of Central / State Govt. / Public Sector Undertakings / Banks

b) Income Tax Payee

c) Aam Aadmi Bima Yojana beneficiaries

d) All of the above

27) Which of the following is not acceptable as address proof for opening a bank account by an individual?
A) Current Electric Bill ( Not Older Than 3 Months)
B) Domicile certificate
C) Other than those gives as options
D) A rent agreement indicating the address of the customer duly registered with State Govt.

28) Which of the following is the correct full form of ECS often used in banking?
A) Electronic Clash System
B) Electronic) Cash Service
C) Electronic Clearing Service
D) Electronic Changing System

29)A demand draft issued by a Bank is valid for

A)3 years
B)There is no time limit
C)3 months
D)12 months

30)In which of the following types of banking, there is a direct execution of transaction between a bank and its consumers?
A)Retail Banking
B)Universal Banking
C)Virtual Banking
D)Unit Banking

31)What is the maximum amount that is insured by DICGC?
A)5,00,000
B)2,00,000
C)1,00,000
D)50,000

32)The abbreviation ‘EPOS’ stands for …..
A)Electronic Payment of Sale
B)Electronic Point of Sale
C)Electronic Purchase of Sale
D)Electronic Price of Sale

33)Which of the following bodies regulates the Regional Rural Banks?
A)RBI
B)NABARD
C)Department of Rural Development
D)State Government

34)Deposit under the Foreign Currency Non-Resident (FCNR)scheme can be accepted for a minimum of
A)15 days
B)3 months
C)6 months
D)1 year

35)India has different categories of commercial banks. Which of the following is not a commercial bank?
A)Foreign Bank
B)Commodity Banks
C)Nationalized Banks
D)Co)-operative Banks

36)The maximum amount that can be remitted through RTGS is …..
A)Rs 1 crore
B)Rs 50 lacs
C)Rs 2 lacs
D)No upper ceiling

37)The Foreign Exchange of India is kept with …………..
A)SBI
B)ECGC
C)RBI
D)NABARD

38)Balance in a current account is classified as ……….
A)Hybrid deposit
B)Term deposit
C)Demand deposit
D)Fixed deposit

39)IFSC has how many digits?
A)7
B)15
C)11
D)9

40)Which one of the following is not a monetary tool of RBI?
A)Reverse Repo Rate
B)SLR
C)Inter Bank Rate
D)Repo Rate

Answers:-

21	B
22	B
23	B
24	A
25	C
26	D
27	D
28	C
29	C
30	A
31	C
32	B
33	B
34	D
35	D
36	D
37	C
38	C
39	C
40	C

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