Multiple Choice Questions

1 Multiple Choice Questions c) Fixed Deposit account d) All of above 1. We should keep our savings with banks because a) It is safe b) Earns interest 8. Who is the present Governor of RBI? c) Can be withdrawn anytime a) Chakrabarty d) All of above b) D K Mittal c) Raghuram Rajan 2. Bank does not give loan against d) Montek Singh Ahluwalia a) Gold Ornaments b) LIC policy 9. c) Lottery ticket is the logo of d) NSC a) Pradhan Mantri Jan Dhan Yojana b) Central Bank of India 3. Bank having maximum number of c) Reserve Bank of India branches in India d) None of above a) Reserve Bank of India b) State Bank of India 10.

2 Minimum age required to open SB. c) Punjab National Bank account in the bank d) Bank of Baroda a) 8 years b) 10 years 4. 100/- Rupee note is signed by c) 12 years a) Prime Minister d) None of above b) Finance Minister c) RBI Governor 11. Bank does not provide loans for d) None of above a) Crop loans b) Education loans 5. ATM password should be kept in c) Home loans a) Personal diary d) Drinking & Gambling b) Office diary c) Memory 12. KYC means d) All of above a) Know your customer b) Know your character 6. ATM password to be shared only c) Both of above with d) None of above a) Spouse b) Obedient son 13.

3 Loans from money lenders are c) Obedient daughter a) With High rate of interest d) None of above b) No proper accounting c) No transparency 7. Nomination can be done in d) All of above a) Savings Bank account b) Recurring Deposit account 14. ATM means d) None of above a) Any Time Money b) Auto Truck of Mahindra 21. Which is prohibited for writing on c) Automated Teller Machine currency notes? d) None of above a) Political message b) Religious message 15. Timely repayment of loans results c) Personal message a) Good reputation d) All of above b) No tension c) Easily availability of loan in future d) All of above 22.

4 PPF means a) Pension Planning Funds 16. Defaulter of loan means b) Person having Pension a) Not paying loan instalments Facilities b) Bad reputation c) Public Provident Fund c) Illegal activities d) Permanent Practitioner's d) None of above Forum 17. Life insurance means 23. Highest denomination of currency a) Insurance of human notes issued by RBI is b) Insurance of life of human a) and Cattle b) c) Insurance of Life of Machines c) ,000/- d) All of above d) ,000/- 18. General Insurance relates to 24. NRI means insurance against a) Non Rural Individuals a) Fire b) Non Rural Immigrants b) Theft c) Non Resident Indian c) Burglary d) None of above d) All of above 25.

5 PAN means 19. Aadhaar is a) A kind of utensil a) 12 digit number card b) Primary Account Number b) Identity proof issued by c) Permanent Account Number UIDAI d) None of above c) Both (a) & (b). d) None of above 26. Who is the present Union Finance Minister of India? 20. E or S means a) Shri Arun Jaitley a) East or South zone b) Shri Rajnath Singh b) Easy and Swift c) Shri Manohar Parrikar c) Either or Survivor d) Shri Suresh Prabhu b) Contains transaction details 27. Bank provides loans for of Bank account a) Home c) Shows balance in account b) Car d) All of above c) Education d) All of above 34.

6 Banks pays interest on a) Deposits 28. Which currency note has security b) Loans thread? c) Both (a) & (b). a) d) None of above b) c) 35. Bank charges interest on d) All of above a) Deposits b) Loans c) Both (a) & (b). d) None of above 29. The safest place for keeping money a) A pit dug in the ground b) An iron box c) Bank 36. Education Loans d) Money lender a) Cover tuition fee & expenses b) Are repayable after 30. Gold and silver ornaments should be completion of course kept in bank lockers c) Granted for studies in India &.

7 A) It is safe abroad b) No risk of theft d) All of above c) Both (a) & (b). d) None of above 37. Business Correspondent means a) An agent who provides 31. Currency notes are issued by banking services a) RBI b) An agent of business house b) NABARD c) A type of money lender c) Public sector banks d) None of above d) Central Government 38. Internet banking refers to 32. Coins are issued by a) Operation of account a) Government of India through internet b) NABARD b) Opening of account through c) Public sector banks ATM.

8 D) State Bank of India c) Both (a) & (b). d) None of above 33. Bank Pass Book is 39. Nomination once done can a) Issued by Bank a) Not be cancelled b) Be cancelled c) Not be changed 46. Payment of cheque can be stopped d) None of above by a) Beneficiary 40. Who can open bank account? b) Nominee a) Indian citizen c) Drawer of cheque b) Non Resident Indian d) All of above c) Illiterate d) All of above 47. Account payee cheques can be paid a) At cash counter of Bank 41. PAN number is required for b) At ATM. a) Deposits less than c) By deposit in Bank account ,000/- d) None of above b) Deposits in excess of lac c) Deposits ,000/- & 48.

9 In Recurring Deposits, above a) a fixed sum is deposited d) All transactions every month b) period of deposit is a fixed 42. TDS means tenure a) Time Deposit Scheme c) interest is paid at FDR rate b) Total Deposit Scheme d) All of above c) Tax Deducted at Source d) None of above 49. While making nomination, signature of nominee is required on a) Account Opening Form b) Nomination form 43. Maximum amount of Cheque c) Affidavit a) crore d) None of above b) No limit c) crore d) None of above 50. Interest on Savings Bank Deposits is 44.

10 Bank draft is issued by paid a) Private Sector Banks a) Every month b) Regional Rural Banks b) Quarterly c) Public Sector Banks c) Half yearly d) All of above d) Yearly 45. Self Help Group involves 51. Mutilated notes a) Group of 5 to 20 people a) should be burnt away b) Regular saving habits b) should be thrown away c) Inter-lending within the c) can be exchanged at Bank group members d) None of above d) All of above 52. ATM can be used for 58. MGNREGS stands for a) Cash withdrawal a) Mahatma Gandhi National b) Account enquiry Rural Employment c) Statement of account Generation Scheme d) All of above b) Mahatma Gandhi Nutrition &.