Banking Awareness in Business Management : Practice MCQ Questions & Answers with Explanations

4 withdrawals in a month (including ATM withdrawals)

All of above

Receipt / credit of money through NEFT / RTGS

No annual maintenance charges on ATM-cum-Debit card

Accepted at all ATMs & PoS machines

All of above

Domestic debit card

Introduced by National Payments Corporation of India

Deposit in Account

Impound the Note and issue receipt

Returns the note to the customer

Exchange with a genuine Note

Group of 5 to 20 people

Regular saving habits

Inter-lending within the group members

All of above

Deposits less than Rs.50,000/-

Deposits in excess of Rs.1 lac

Deposits Rs.50,000/- & above

All transactions

Mahatma Gandhi National Rural Employment Generation Scheme

Mahatma Gandhi Nutrition & Rural Employment Generation Scheme

Mahatma Gandhi National Rural Employment Guarantee Scheme

None of above

seal the locker

stop operation of locker

break open the locker after giving suitable notice

All of above

Cover tuition fee & expenses

Are repayable after completion of course

Granted for studies in India & abroad

All of above

only known to hirer

known to Bank

Both a and b

None of above

Issued by Bank

Contains transaction detailsof Bank account

Shows balance in account

All of above

Crop loans

Education loans

Home loans

Drinking & Gambling

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

Income Tax Payee

Aam Aadmi Bima Yojana beneficiaries

All of above

It is safe

Earns interest

Can be withdrawn anytime

All of above

K.C. Chakrabarty

D K Mittal

Raghuram Rajan

Montek Singh Ahluwalia

Arundhati Bhattacharya

O.P. Bhatt

Pratip Chaudhuri

Chanda Kochar