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Test bank questions, Exams of Banking and Finance

University of Texas - DallasBanking and Finance

Multiple Choice Questions with Answer Key.

Typology: Exams

2021/2022

Uploaded on 03/31/2022

dewan
dewan 🇺🇸

4.6

(17)

254 documents

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bg1
1. We should keep our savings with
banks because
a) It is safe
b) Earns interest
c) Can be withdrawn anytime
d) All of above
2. Bank does not give loan against
a) Gold Ornaments
b) LIC policy
c) Lottery ticket
d) NSC
3. 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
4. 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
6. ATM password to be shared only
with
a) Spouse
b) Obedient son
c) Obedient daughter
d) None of above
7. Nomination can be done in
a) Savings Bank account
b) Recurring Deposit account
c) Fixed Deposit account
d) All of above
8. Who is the present Governor of
RBI?
a) K.C. Chakrabarty
b) D K Mittal
c) Raghuram Rajan
d) Montek Singh Ahluwalia
9.
is the logo of
a) State Bank of India
b) Punjab National Bank
c) Bank of Baroda
d) None of above
10. Minimum age required to open SB
account in the bank
a) 8 years
b) 10 years
c) 12 years
d) None of above
11. Bank does not provide loans for
a) Crop loans
b) Education loans
c) Home loans
d) Drinking & Gambling
12. KYC means
a) Know your customer
b) Know your character
c) Both of above
d) None of above
13. Loans from money lenders are
a) With High rate of interest
b) No proper accounting
c) No transparency
d) All of above
Multiple Choice Questions
pf3
pf4
pf5
pf8

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Download Test bank questions and more Exams Banking and Finance in PDF only on Docsity!

  1. We should keep our savings with banks because a) It is safe b) Earns interest c) Can be withdrawn anytime d) All of above
  2. Bank does not give loan against a) Gold Ornaments b) LIC policy c) Lottery ticket d) NSC
  3. 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
  4. 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
  6. ATM password to be shared only with a) Spouse b) Obedient son c) Obedient daughter d) None of above
  7. Nomination can be done in a) Savings Bank account b) Recurring Deposit account

c) Fixed Deposit account d) All of above

  1. Who is the present Governor of RBI? a) K.C. Chakrabarty b) D K Mittal c) Raghuram Rajan d) Montek Singh Ahluwalia

is the logo of a) State Bank of India b) Punjab National Bank c) Bank of Baroda d) None of above

  1. Minimum age required to open SB account in the bank a) 8 years b) 10 years c) 12 years d) None of above
  2. Bank does not provide loans for a) Crop loans b) Education loans c) Home loans d) Drinking & Gambling
  3. KYC means a) Know your customer b) Know your character c) Both of above d) None of above
  4. Loans from money lenders are a) With High rate of interest b) No proper accounting c) No transparency d) All of above

Multiple Choice Questions

  1. ATM means a) Any Time Money b) Auto Truck of Mahindra c) Automated Teller Machine d) None of above
  2. Timely repayment of loans results a) Good reputation b) No tension c) Easily availability of loan in future d) All of above
  3. Defaulter of loan means a) Not paying loan instalments b) Bad reputation c) Illegal activities d) None of above
  4. 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
  5. General Insurance relates to insurance against a) Fire b) Theft c) Burglary d) All of above
  6. Aadhaar is a) 12 digit number card b) Identity proof issued by UIDAI c) Both (a) & (b) d) None of above
  7. E or S means a) East or South zone

b) Easy and Swift c) Either or Survivor d) None of above

  1. Which is prohibited for writing on currency notes? a) Political message b) Religious message c) Personal message d) All of above
  2. PPF means a) Pension Planning Funds b) Person having Pension Facilities c) Public Provident Fund d) Permanent Practitioner’s Forum
  3. Highest denomination of currency notes issued by RBI is a) Rs.100/- b) Rs.500/- c) Rs.1,000/- d) Rs.10,000/-
  4. NRI means a) Non Rural Individuals b) Non Rural Immigrants c) Non Resident Indian d) None of above
  5. PAN means a) A kind of utensil b) Primary Account Number c) Permanent Account Number d) None of above
  6. Who is the present Chairman of State Bank of India? a) Arundhati Bhattacharya b) O.P. Bhatt
  1. Nomination once done can a) Not be cancelled b) Be cancelled c) Not be changed d) None of above
  2. Who can open bank account? a) Indian citizen b) Non Resident Indian c) Illiterate d) All of above
  3. PAN number is required for a) Deposits less than Rs.50,000/- b) Deposits in excess of Rs.1 lac c) Deposits Rs.50,000/- & above d) All transactions
  4. TDS means a) Time Deposit Scheme b) Total Deposit Scheme c) Tax Deducted at Source d) None of above
  5. Maximum amount of Cheque a) Rs.100 crore b) No limit c) Rs.1 crore d) None of above
  6. Bank draft is issued by a) Private Sector Banks b) Regional Rural Banks c) Public Sector Banks d) All of above
  7. 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

  1. Payment of cheque can be stopped by a) Beneficiary b) Nominee c) Drawer of cheque d) All of above
  2. Account payee cheques can be paid a) At cash counter of Bank b) At ATM c) By deposit in Bank account d) None of above
  3. 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
  4. While making nomination, signature of nominee is required on a) Account Opening Form b) Nomination form c) Affidavit d) None of above
  5. Interest on Savings Bank Deposits is paid a) Every month b) Quarterly c) Half yearly d) Yearly
  6. Mutilated notes a) should be burnt away b) should be thrown away

c) can be exchanged at Bank d) None of above

  1. ATM can be used for a) Cash withdrawal b) Account enquiry c) Statement of account d) All of above
  2. 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
  3. Fixed Deposit can a) not be withdrawn before maturity b) paid only after maturity c) withdrawn before maturity d) All of above
  4. Interest on FDRs is compounded on a) Monthly basis b) Quarterly basis c) Half yearly basis d) Yearly basis
  5. Contents of locker are a) only known to hirer b) known to Bank c) Both (a) & (b) d) None of above
  6. If locker rent is not paid, Bank can a) seal the locker b) stop operation of locker

c) break open the locker after giving suitable notice d) All of above

  1. 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
  2. Maximum tenure of Fixed Deposit is a) 5 years b) 7 years c) 8 years d) 10 years
  3. What is RuPay Debit Card? a) Domestic debit card b) Introduced by National Payments Corporation of India c) Accepted at all ATMs & PoS machines d) All of above
  4. To whom Overdraft facility of Rs.5,000/- 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
  5. What is Direct Benefit Transfer?
  1. What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)? a) Covers life insurance up to Rs.2 lac b) Accident insurance cover c) Both (a) & (b) d) None of above
  2. Which type of deposits earns higher interest rate? a) Current account b) Savings Account c) Fixed Deposits d) None of above
  3. Under PMSBY, accidental death claim is available for: a) Rs.1 lac b) Rs.2 lac c) Rs.3 lac d) None of above
  4. What is validity period of cheque? a) 4 months from date of issue b) 3 months from date of issue c) 1 month from date of issue d) Unlimited
  5. Under PMSBY, partial disability claim is available for: a) Rs.50,000/- b) Rs.1 lac c) Rs.2 lac d) None of above
  6. Can illiterate person be issued Debit card? a) No b) Yes c) Only in case of joint account d) Only in case he is head of family 78. 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 79. PMJDY LIC Insurance of Rs.30,000/- is available for first time accounts opened a) On 15th August 2014 b) On 26th January 2015 c) Between 15th August 2014 and 26th January 2015 d) None of above 80. _______ 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 Bima Yojana beneficiaries d) All of above

Answer Key

Q. A. Q. A. Q. A. Q. A.

1 d 21 d 41 c 61 d

2 c 22 c 42 c 62 c

3 b 23 c 43 b 63 a

4 c 24 c 44 d 64 d

5 c 25 c 45 d 65 d

6 d 26 a 46 c 66 a

7 d 27 d 47 c 67 c

8 c 28 d 48 d 68 d

9 a 29 c 49 d 69 b

10 b 30 c 50 c 70 d

11 d 31 a 51 c 71 a

12 a 32 a 52 d 72 a

13 d 33 d 53 d 73 c

14 c 34 a 54 c 74 b

15 d 35 b 55 b 75 b

16 a 36 d 56 a 76 b

17 a 37 a 57 d 77 b

18 d 38 a 58 c 78 a

19 c 39 b 59 d 79 c

20 c 40 d 60 d 80 d