76 practice sets · Page 1 of 4
Who is Bank Mitra?
Security guard in a branch
Valuable customer of Bank
Banking Correspondents engaged by Banks
None of above
Correct Answer: C — Banking Correspondents engaged by Banks
Explanation:
Banking Correspondents engaged by Banks
Who can open bank account?
Indian citizen
Illiterate
All of above
Non Resident Indian
Correct Answer: C — All of above
Explanation:
All of above
Who can open an account under PMJDY?
Only lady of the house
Minor above the age of 10 years
Only head of the family
All of above
Correct Answer: D — All of above
Explanation:
All of above
While making nomination, signature of nominee is required on
Nomination form
None of above
Affidavit
Account Opening Form
Correct Answer: B — None of above
Explanation:
None of above
Which type of deposits earns higher interest rate?
Savings Account
None of above
Fixed Deposits
Current account
Correct Answer: C — Fixed Deposits
Explanation:
Fixed Deposits
Which is prohibited for writing on currency notes?
All of above
Political message
Personal message
Religious message
Correct Answer: A — All of above
Explanation:
All of above
Which currency note has security thread?
Rs.50/-
Rs.100/-
All of above
Rs.500/-
Correct Answer: C — All of above
Explanation:
All of above
What kinds of services are available free in Basic Savings Bank Deposit Account?
No annual maintenance charges on ATM-cum-Debit
card Receipt / credit of money
through NEFT / RTGS 4 withdrawals
in a month (including ATM withdrawals)
All of above
Correct Answer: D — in a month (including ATM withdrawals)
Explanation:
All of above
What is validity period of cheque?
3 months from date of issue
1 month from date of issue
4 months from date of issue
Unlimited
Correct Answer: A — 3 months from date of issue
Explanation:
3 months from date of issue
What is the minimum deposit required while opening a BSBD Account?
No minimum deposit required
Rs.1,000/-
Rs.100/-
Rs.500/-
Correct Answer: A — No minimum deposit required
Explanation:
No minimum deposit required
What is the maximum amount of deposits acceptable in Small accounts?
Rs.50,000/-
None of above
Rs.30,000/-
Rs.40,000/-
Correct Answer: A — Rs.50,000/-
Explanation:
Rs.50,000/-
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
