41.
Loans from money lenders are
A
With High rate of interest
B
No proper accounting
C
All of above
D
No transparency
Answer and explanation
Correct Answer: C — All of above
All of above
ObjectiveMcq
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76 practice sets · Page 3 of 4
Loans from money lenders are
With High rate of interest
No proper accounting
All of above
No transparency
All of above
Life insurance means
Insurance of human
All of above
Insurance of Life of Machines
Insurance of life of human and Cattle
Insurance of human
KYC means
Know your customer
None of above
Both of above
Know your character
Know your customer
Internet banking refers to
Opening of account through ATM
Operation of account through internet
None of above
Both a and b
Operation of account through internet
Interest on Savings Bank Deposits is paid
Half yearly
Quarterly
Every month
Yearly
Half yearly
Interest on FDRs is compounded on
Half yearly basis
Quarterly basis
Yearly basis
Monthly basis
Quarterly basis
In Recurring Deposits,
A fixed sum is deposited every month
Interest is paid at FDR rate
Period of deposit is a fixed tenure
All of above
All of above
If locker rent is not paid, Bank can
All of above
stop operation of locker
seal the locker
break open the locker
after giving suitable notice
All of above
Highest denomination of currency notes issued by RBI is
Rs.500/-
Rs.1,000/-
Rs.100/-
Rs.10,000/-
Rs.1,000/-
Gold and silver ornaments should be kept in bank lockers
Both a and b
None of above
No risk of theft
It is safe
Both a and b
General Insurance relates to insurance against
All of above
Burglary
Fire
Theft
All of above
Fixed Deposit can
Paid only after maturity
Withdrawn before maturity
All of above
Not be withdrawn before maturity
withdrawn before maturity
Education Loans
Granted for studies in India and abroad
Repayable after completion of course
Cover tuition fee and expenses
All of above
All of above
E or S means
Easy and Swift
Either or Survivor
East or South zone
None of above
Either or Survivor
Defaulter of loan means
Illegal activities
Not paying loan instalments
None of above
Bad reputation
Not paying loan instalments
Currency notes are issued by
Public sector banks
RBI
NABARD
Central Government
RBI
Contents of locker are
Both a and b
None of above
Known to Bank only
Known to hirer only
only known to hirer
Coins are issued by
NABARD
Government of India
Public sector banks
State Bank of India
Government of India
Can illiterate person be issued Debit card?
Yes
Only in case of joint account
Only in case he is head of family
No
Yes
Business Correspondent means
An agent who provides banking services
An agent of business house
A type of money lender
None of above
An agent who provides banking services