Browse topic-based CBSE practice sets.
214 practice sets · Page 6 of 11
What is RuPay Debit Card?
Introduced by National Payments Corporation of India
Domestic debit card
All of above
Accepted at all ATMs and PoS machines
Correct Answer: C — All of above
Explanation:
All of above
What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
Overdraft up to Rs.5,000/-
Life insurance cover
Accidental insurance cover
None of above
Correct Answer: C — Accidental insurance cover
Explanation:
Accidental insurance cover
What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)?
Covers life insurance up to Rs.2 lac
None of above
Accident insurance cover
Both a and b
Correct Answer: A — Covers life insurance up to Rs.2 lac
Explanation:
Covers life insurance up to Rs.2 lac
What is meant by Aadhaar seeding?
Duplicate issuance of Aadhaar
Transfer of Aadhaar
Linking of Aadhaar with Bank account
None of above
Correct Answer: C — Linking of Aadhaar with Bank account
Explanation:
Linking of Aadhaar with Bank account
What is Direct Benefit Transfer?
Remittance through Banks
Transfer of social benefits/subsidies directly in Bank accounts of beneficiaries
None of above
Cash discount on goods
Correct Answer: B — Transfer of social benefits/subsidies directly in Bank accounts of beneficiaries
Explanation:
Transfer of social benefits / subsidies directly in Bank accounts of beneficiaries
What is Atal Pension Yojana (APY)?
Provides social security to the unorganized sector
All of above
Encourages workers to voluntarily save for their retirement
Fixed pension is paid on attaining age of 60 years
Correct Answer: B — All of above
Explanation:
All of above
What are the benefits attached to PMJDY?
Overdraft facility up to Rs.5,000/-
Life insurance cover of Rs.30,000/-
Accident insurance cover of Rs.1.00 lac
All of above
Correct Answer: D — All of above
Explanation:
All of above
Upon detection of a counterfeit note at the counter, Bank
Returns the note to the customer
Exchange with a genuine Note
Impound the Note and issue
receipt Deposit in Account
Correct Answer: C — Impound the Note and issue
Explanation:
Impound the Note and issue receipt
Under PMSBY, partial disability claim is available for:
None of above
Rs.2 lac
Rs.1 lac
Rs.50,000/-
Correct Answer: C — Rs.1 lac
Explanation:
Rs.1 lac
Under PMSBY, accidental death claim is available for:
Rs.3 lac
None of above
Rs.1 lac
Rs.2 lac
Correct Answer: D — Rs.2 lac
Explanation:
Rs.2 lac
Under APY, fixed pension can be chosen from:
Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-, Rs.6,000/-
Rs.500/-, Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-
Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-
None of above
Correct Answer: C — Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-
Explanation:
Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-
To whom Overdraft facility of Rs.5,000/- in PMJDY Account is available?
One account per household
After 6 months of satisfactory conduct of account
All of above
Customers in age group of 18-60 years
Correct Answer: C — All of above
Explanation:
All of above
Timely repayment of loans results
Easily availability of loan in future
All of above
Good reputation
No tension
Correct Answer: B — All of above
Explanation:
All of above
The safest place for keeping money
An iron box
Money lender
A pit dug in the ground
Bank
Correct Answer: D — Bank
Explanation:
Bank
TDS means
Tax Deducted at Source
None of above
Total Deposit Scheme
Time Deposit Scheme
Correct Answer: A — Tax Deducted at Source
Explanation:
Tax Deducted at Source
Self Help Group involves
All of above
Regular saving habits
Inter-lending within group members
Group of 5 to 20 people
Correct Answer: A — All of above
Explanation:
All of above
PPF means
Public Provident Fund
Permanent Practitioners Forum
Pension Planning Funds
Person having Pension Facilities
Correct Answer: A — Public Provident Fund
Explanation:
Public Provident Fund
PMJDY LIC Insurance of Rs.30,000/- is available for first time accounts opened
On 15th August 2014
None of above
Between 15th August 2014 and 26th January 2015
On 26th January 2015
Correct Answer: C — Between 15th August 2014 and 26th January 2015
Explanation:
Between 15th August 2014 and 26th January 2015
Payment of cheque can be stopped by
Beneficiary
All of above
Drawer of cheque
Nominee
Correct Answer: C — Drawer of cheque
Explanation:
Drawer of cheque
PAN number is required for
Deposits in excess of Rs.1 lac
All transactions
Deposits Rs.50,000/- and above
Deposits less than Rs.50,000/-
Correct Answer: C — Deposits Rs.50,000/- and above
Explanation:
Deposits Rs.50,000/- and above
