SET 1
Q1. We should keep our savings with
banks because.
a. It is safe
b. Earns Interest
c. Can be withdrawn anytime
d. All of above
Q2. Bank does not give loan against.
a. Gold Ornaments
b. LIC policy
c. Lottery ticket and
Gamling
d. NSC
Q3. Bank having maximum number of
branches in India.
a . Reserve Bank of India
b. State Bank Of India
c. Punjab National Bank
d. Bank of Baroda
Q4. 100/- Rupee note is signed by.
a. Prime Minister
b. Finance Minister
c. RBI Governor
d. None of above
5. ATM password should be kept in.
a. Personal diary
b. Office diary
c. Memory
d. All of above
Q6. ATM password to be shared only
with.
a. Spouse
b. Obedient
c. Obedient daughter
d. None of above
Q7. Nomination can be done in.
a. Savings Bank account
b. Recurring Deposit account
c. Fixed Deposit account
d. All of above
Q8. Who is the present Governor
of RBI ?
a. C. Chakrabarty
b. D K Mittal
c. Raghuram Ranjan
d. Montek Singh
Q9.Minimum age required to open SB
account in the bank.
a. 8year
b. 10 year
c. 12 year
d. None of above
Q10. Bank does not provide loans for.
a. Croons low
b. Education loans
c. Home loans
d. Drinking & Gambling
Q11. KYC means.
a. Know your customer
b. Know your character
c. Both of about
d. None of above
Q12. Loans from money lenders are.
a. With High rate of interest
b. No proper accounting
c. No transparency
d. All of above
Q13.ATM means.
a. Any Time money
b. Auto Truck of Mahindra
c. Any time
d. None of above
Q14. Timely repayment of loans
results.
a. Good reputation
b. No tension
c. Easily availability of loan in future
d. All of above
Q15. Defaulter of loan means.
a. Not paying loan instalments
b. Bad reputation
c. Plagal activities
d. None of above
Q16. Life insurance means.
a. Insurance of human
b. Insurance of life of human and Cattle
c. Insurance of life of Machines
d. All of Above
Q17.General Insurance relates to
insurance against.
a. Fire
b. Theft
c. Burglary
d. All of above
Q18. Aadhar is.
a. 12 digit number card
b. Identity proof issued by UIDAI
c. Both {a} &{b}
d. None of Above
Q19. E or S means.
a. East or South zone
b. Easy and Swift
c. Either or Survivor
d. None of Above
Q20. Which is prohibited for writing
on currency notes ?
a. Polytonal message
b. Religious message
c. Personal message
d. All of above
Q21. PPF means.
a. Pension Planning Funds
b. Person having Pension Facilities
c. Public Provident Fund
d. Permanent Practitioner’s Forum
Q22. Highest denomination of currency
note issued by RBI is.
a. 100/-
b. 500/-
c. 1,000/-
d. Rs.10,000/-
Q23. NRI means.
a. Non Rural Individuals
b. Non-Rural Immigrants
c. Non-Resident India
d. None of above
Q24. PAN means.
a. A kind of utensil
b. Primary Account Number
c. None of Above
Q25. Who is the present Union Finance
Minister of India?
a. Shri Arun Jaitley
b. Shri Rajnath Singh
c. Shri Manohar Parrikar
d. Shri Suresh Prabhu
Q26 .Bank provides
loans for.
a. Home
b. Car
c. Education
d. All of Above
Q27. Which currency note has security
thread ?
a. 50/-
b. 100/-
c. 500/-
d. All of above
Q28. The safest place for keeping
money.
a. A pit dug in the ground
b. An iron box
c. Bank
d. Money lender
Q29. Gold and silver ornaments should
be kept in bank lockers.
a. It is Safe
b. No risk of theft
c. Both {a} & {b}
d. None of Above
Q30. Currency notes are issued by.
a. RBI
b. NABARD
c. Public sector banks
d. Central Government
Q31. Coins are issued by.
a. Government of India
b. NABARD
c. Police sector banks
d. State Bank of India
Q32. Bank Pass Book is.
a. Issued by Bank
b. Contains transaction details of Bank account
c. Shows balance in account
d. All of above
Q33.Banks pays interest on.
a. Deposits
b. Loans
c. Both {a} & {b}
d. None of above
Q34. Bank charges interest on.
a. Deposits
b. Loans
c. Both {a} & {b}
d. None of above
Q35. Education loans.
a. Cover tuition fee & expenses
b. Are repayable after completion of course
c. Granted for studies in India & abroad
d. All of above
Q36. Business Correspondent means.
a. An agent who provides banking
services
b. An agent of business house
c. A type of money lender
d. None of above
Q37. Internate banking refers to.
a. Operation of account through
b. ATM account
c. Both {a} & {b}
d. None of above
Q38. Nomination once done can.
a. Not be cancelled
b. Be cancelled
c. Not be changed
d. None of above
Q39. Who can open bank account.
a. Indian citizen
b. Non Resident Indian
c. Literate
d. All of above
Q40. All time deposit scheme ?
a. 50,000/-
b. Deposits in excess of Rs.1 lac
c. Deposits Rs.50,000/
d. All transaction above
Q41. TDS means.
a. Time Deposit Scheme
b. Total Deposit Scheme
c. Tax Deducted at Sourced
d. None of above
Q42. Maximum amount of Cheque.
a. 100 crore
b. No limit
c. 1 crore
d. None of above
Q43. Bank draft is issued by.
a. Private Sector Banks
b. Regional Rural Banks
c. Public Sector Banks
d. All of Above
Q44. Self help Group involves.
a. Group of 5 to 20 people
b. Regular saving habits
c. Inter –lending within the group members
d. All of Above
Q45. Payment of cheque can be stopped
by.
a. Beneficiary
b. Nominee
c. Drawer of Cheque
d. All of Above
Q46. Account payee cheque can be paid.
a. At cash counter of Bank
b. At ATM
c. By deposit in Bank account
d. one of Above
Q47. In Recurring Deposits,
a. a fixed sum is deposited every month
b. period of deposit is a fixed tenure
c. interest is paid at FDR rate
d. All of Above
Q48. While making nomination,
signature of nominee is required on.
a. Account Opening Form
b. Nomination Form
c. Affidavit
d. None of Above
Q49. Interest on Savings Bank Deposits
is Paid.
a. Every month
b. Quarterly
c. Half yearly
d. Yearly
Q50. Mutilated notes.
a. Should be
b. Should be thrown away</p>
c. Should be thrown
d. None of Above
Q51. ATM can be used for.
a. Cash withdrawal
b. Account enquiry
c. Statement of account
d. All of Above
Q52. Upon detection of a counterfeit
note at the counter, Bank.
a. Returns the note to the customer
b. Exchange with a genuine Note
c. Deposit in account
d. Impound the Note and issue receipt
Q53. Fixed Deposit can.
a. Not be withdraw before maturity
b. Paid only after maturity
c. Withdrawn before maturity
d. All of Above
Q54. Interest on FDRs is compounded
on.
a. Monthly basis
b. Quarterly basis
c. Half yearly basis
d. Yearly basis
Q55. Contents of locker are.
a. Only known to hirer
b. Known to Bank
c. Both {a} & {b}
d. None of Above
Q56. If locker rent is not pairs, Bank
can.
a. Seal the locker
b. Stop operation of locker
c. Break open the locker after giving suitable notice
d. All of Above
Q57. MGNREGS stands for.
a. Mahatma Gandhi National Rural Employment Generation
Scheme
b. Mahatma Gandhi Nutrition & Rural Employment
Generation Scheme
c. Mahatma Gandhi National Rural
Employment Guarantee Scheme
d. None of Above
Q58. Maximum tenure of Fixed Deposit
is.
a. 5 years
b. 7 years
c. 8 years
d. 10 years
Q59. What is Repay Debit Card.
a. Domestic debit card
b. Introduced by National payments Corporation of India
c. Accepted at all ATMs & poSmachine
d. All of Above
Q60. To whom Overdraft facility of
Rs.,000/-in PMJDY Account is available.
a. After 6 months of satisfactory conduct of account
b. One account per household
c. Customers in age group of 18-60 years
d. All of Above
Q61. What is Direct Benefit
Transfer ?
a. Cash Discount on goods
b. Remittance through Banks
c. Transfer of social benefits
/subsidies directly in Bank account of beneficiaries
d. None of Above
Q62. What is meant by Aadhar
seeding ?
a. Linking of Aadhar with Bank account
b. Duplicate issuance of Aadhar
c. Transfer of Aadhar
d. None of Above
Q63. What are the benefits attached to
PMJDY ?
a. Accident insurance cover of Rs.1.00 lac
b. Life insurance cover of Rs.30,000/-
c. Overdraft facility up to Rs.5,000/-
d. All of Above
Q64. Who can open an account under
PMJDY ?
a. Miner above the age of 10 year
b. Only lady of the house
c. Only head of the family
d. All of Above
Q65. Who is Bank Metra ?
a. Banking Correspondents engaged by Banks
b. Valuable customer of bank
c. Security Guard in a branch
d. None of above
Q66. What is the maximum amount of
deposits acceptable in small account?
a. 30,000/-
b. 40,000/-
c. 50,000/
d. None of Above
Q67. What kinds of services are
available free in ‘Basis Saving Bank Deposit Account’?
a. Receipt / credit of money through NEFT / RTGS
b. No annual maintenance charges on ATM- cum –Debit card
c. 4 with drawls in a month [including ATM withdrawals]
d. All of Above
Q68. What is the minimum deposit
required while opening a BSBD Account?
a. 100/-
b. No minimum deposit required
c. 1,000/-d] Rs.500/-
d. None of Above
Q69. What is Atal Pension Yojana
[APY] ?
a. Provides social security to the unorganized sector
b. Encourages workers to voluntarily save for their
retirement
c. Fixed pension is paid on attaining age of 60 years
d. All of Above
Q70. What is Pradhan Mantri
Suraksha Bema Yojana [PMSBY]?
a. Accidental insurance cover
b. Life insurance cover
c. Overdraft up to Rs.5,000/-
d. None of Above
Q71. What is Pradhan Mantri Jiwan
Jyoti Bema Yojana [PMJJBY]?
a. Get life insurance cover up to Rs. 2 lakh
b. Accident insurance cover
c. None of Above
Q72. Which type of Deposit earns
higher interest rate ?
a. Current Account
b. Savings Account
c. Fixed Deposits
d. None of Above
Q73.Under PMSBY, accidental death
claim is available for.
a. 1 lac
b. 2 lac
c. 3 lac
d. None of Above
Q74. What is validity period of
cheque?
a. 4 months form date of issue
b. 3 months from date of issue
c. 1 month from date of issue
d. Unlimited Ans – b
Q75. Under PMSBY, partial disability
claim is available for.
a. 50,000/-
b. 1 lac
c. 2 lac
d. None of Above Ans – b
Q76. Can illiterate person be issued
Debit card?
a. No
b. Yes
c. Only in cash of join account
d. Only in cash he is head of family
Q77. Under APY, fixed pension can be
chosen from.
a. 1,000/- , Rs.2,000/- , Rs.3,000/- ,
Rs.4,000/- , Rs.5,000/-
b. 2,000/- , Rs.3,000/-
c. , Rs.4,000/- , Rs.5,000/- ,Rs.6,000/- ,Rs.500/- ,Rs.
Rs.1,000/- , Rs.2,000/- , Rs.3,000/- , Rs.4,000/-
d. None of above Ans – a
Q78. PMJDY LIC Insurance of
Rs.30,000/-is available for first time account opened.
a. On 15th August 2014
b. On 26th January 2015
c. Between 15th August
2014 and 26th January 2015
d. None of above
Q79. Are not covered under 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 Bema Yojana Beneficiaries
d. All of above
Q80. Who is Bank Metra ?
a. Banking Correspondents engaged by Banks
b. Valuable customer of bank
c. Security Guard in a branch
d. None of above
Q81. What does PMMY Stand for ?
a. Pradhan Mantri Money Yojana
b. Pradhan Mantri Mudra Yojana
c. Primary Money Market Yojana
d. None of Above
Q82. What is the maximum loan amount
available under PMMY? Banks either directly or in association with MFIs
a. 00 lacs
b. 00 lacs
c. 00 lacs
d. None of Above
Q83. How much loan can be availed
under “Shishu” Category ?
a. 10,000/-
b. 50,000/-
c. 1,00,000/-
d. None of above
Q84. Loan of ‘5 lacs is covered under
which category ?
a. Shishu
b. Kishor
c. Tarun
d. All of above
Q85. What is the purpose for which
MUDRA loan can be availed for carrying on any activity related to ?
a. Manufacturing, Processing, Trading,
Services
b. Personal loan
c. Investment in Shares, commodities in Primary or
Secondary Market
d. All of Above
Q86. PMMY Loan is given for which
purpose ? Banks either directly or in association with MFIs
a. Income Generation Purpose
b. Consumption Purpose
c. Both of above
d. None of above
Q87. What are the Collateral
/securities to be kept with Banks for getting loans for MSE under PMMY ?
a. Mortgage of movable or immovable Assets
b. Third Party Guarantee
c. NIL
d. None of Above
Q88. Who can avail the PMMY
loan ?
a. Any Indian Citizen
b. Any firm, body corporate, company, or any other entity
incorporated in India
c. Both [a] & [b]
d. one of above
e. We should keep our savings with banks because.
Q89. From Where the PMMY loan can
bank availed ?
a. Public Sector Banks, Private Sector
Banks, Foreign Banks, Cooperative Banks, RRBs, NBFCs and MFIs
b. Directly from MUDRA
c. Both {a} & {b}
d. None of above
Q90. PMMY Loan can be availed
from the bank in which ? Banks either directly or in association with MFIs
a. The customer has the banking relation with the bank
b. The customer does not have the prior banking
relationship [saving /current account ]with the bank
c. Both {a} & {b}
d. None of Above
Q91. What is the role of MUDRA under
PMMY Loans .
a. MUNDRA is a direct lending institution and lends to
small/micro units entrepreneurs directly for PMMY
b. Acts as a Refinance Agency and
refinances to all banks, NBFCs, MFIs for onward lending to customers under
different categories of PMMY loans, as per need of the customer
c. MUDRA is regulator of banks
d. None of above Ans – b
Q92. The borrowers can avail the
credit in a hassle free and flexible manner with the MUDRA CARD which is a .
a. Debit Card with Sanctioned limit
b. Credit Card
c. Ordinary Debit Card
d. None of Above
Q93. MUDRA Card is a debit card on
which payment platform ?
a. RuPey
b. Visa
c. Master Card
d. None of above
Q94. What is the use of MUDRA
Card ? And how it can be used ?
a. In drawing cash from ATM or Business Correspondent
b. Make purchases using Point of Sale [POS] machine.
c. Both of above
d. None of above
Q95. Who issue the MUNDRA Card to
customer ?
a. Banks either directly or in
association with MFIs
b. MFIs directly
c. MUDRA
d. None of above
Q96. PMMY loans are applicable
to ?
a. All banks all over India
b. Within the Notified areas / locations in India
c. All banks all over India and abroad
d. All of above
Q97 .What are the interest rates of
the PMMY loans extended by banks ,NBFCs ,MFIs that should fall within the
overall RBI Guidelines.
a. Reasonable rates decided by lending
banks, NBFCs, MFIs, that should fall within the overall RBI Guidelines
b. The rates as prescribed by MUDRA
c. Uniform rates as stipulated by the RBI
d. None of above
Q98. PMMY Loans are provided for what
Tenure ?
a. 1 year
b. 2 year
c. Depends on cash flows of the
business and decided by the lending Institution
d. All of above
Q99. What is the grievance redressal
mechanism available against bank officials in the event of non -sanction of
loans ?
a. The matter can be escalated to the next higher office
[region / Zone] on the Bank
b. Customer can be register complaint on Banks Nobel Office
PMMY or PMMY Mission office or PMMY Toll Free
c. Both of Above
d. None of above
Q100. What are the
documents that are required to be submitted for availing loans under
MUDRA ?
a. Standard loans Application Form
b. KYC and other Documents as may require as per internal
guidelines of lending banks /NBFC/MFI
c. Both of above
d. None of above
Q101. Who monitors the implementation
of PMMY progress at National level?
a. MUDRA/Department of Financial
Services
b. State Level Bankers Committee [SLBC]
c. Both
d. None of Above
Q102. Where are the Frequently Asked
Question {FAQs} on PMMY Loans available for information of the Lending
Institutions/public ?
a. DFS website
b. PMO website
c. MUDRA website
d. None of above
Q103. Simple Project profiles for
running or setting up of micro/small enterprises is available.
a. DFS website
b. MUDRA website
c. PMO website
d. None of above
Q104. MUDRA has been set up by
whom ? We should keep our savings with banks because
a. Government of India
b. RBI
c. SEBI
d. All of above
Q105. The loans sanctioned by
banks/NBFCs/MFIs on or after up to ’10 lacs for small business income –
generating activities are known as PMMY loans.
a. 18-Mar-15
b. 08-Apr-15
c. 20-May-15
d. None of Above
Q106. What is the amount of overdraft
facility sanctioned under PMJDY is classified as MUDRA loans under PMMY?
a. ‘5,000/
b. ’10,000/-
c. ’12,000/-
d. All of Above
Q107. Who is eligible to get the MUDRA
Loans under PMMY out of following borrowers ?
a. Large Corporates
b. Municipal Corporation
c. Small fruit vendors, vegetables
sellers etc
d. All of Above
Q108. Total loans sanctioned/disbursed
under PMMY is accessible to for information of the Banks/ NBFCs/ MFIs, General
Public at large.
a. DFS website
b. MUDRA Patrol
c. PMO website
d. None of above
Q109. All PMMY loans will be governed
by formulated by MUDRA ,in consultation with DFS, rating agencies, MFIN and
Sa-Dhan and other stakeholders for adoption by all the lending institutions.
a. MUDRA Loans cade of lending
b. MUDRA Loans Charter
c. PMMY Loan charter
d. None of above Ans -b
Q110. MUDRA scheme is applicable to
which type of MSE businesses under income Generation purpose.
a. Newly start ups
b. Existing business for expansion or upgradation
c. Both of Above
d. all of Above
e. Reasonable rates decided by lending banks, NBFCs, MFIs
111. What are the interest rates of
the PMMY loans extended by banks
Ans- Reasonable rates decided by lending banks, NBFCs, MFIs
