1.Upper limit prescribed for RTGS transaction is
1) `1 lac
2) `2 lacs
3) `5 lacs
4) `50 lacs
5) No upper limit is prescribed
2.Distribution of insurance products and insurance policies by banks as corporate agents is known as
1) General Insurance
2) Non-life insurance
3) Bancassurance
4) Insurance banking
5) Deposit insurance
3.Which of the following schemes has been launched by the Govt of India to provide an identity to its all resident citizens and also to identify people who are poorest, often the last to stand up to ask for their share in govt schemes or lack identity?
1) Public Provident Fund scheme
2) Indira Gandhi Old Age Pension scheme
3) Social Security Scheme for Gramin Dak Sevaks
4) MG National Rural Employment Guarantee Act
5) Aadhaar Card scheme
4.Which of the following types of accounts are known as ‘Demat Accounts’?
1) Accounts which are Zero Balance Accounts
2) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.
3) Accounts in which shares of various companies are traded in electronic form
4) Accounts which are operated through internet banking facility
5) None of these
5.Which of the following statements is true?
1) Banks cannot accept demand and time deposits from public.
2) Banks can accept only demand deposits from public.
3) Banks can accept only time deposits from public.
4) Banks can accept both demand and time deposits from public.
5) Banks can accept demand and time deposits only from
government.
6.Interest payable on savings bank accounts is
1) not regulated by RBI.
2) regulated by State Governments.
3) regulated by Central Government
4) regulated by RBI.
5) regulated by Finance minister.
7.Which of the following is a correct statement?
1) State Bank of India is the sole authority to issue and manage currency in India.
2) A nationalised bank is the sole authority to issue and manage currency in India.
3) A cooperative bank is the sole authority to issue and manage currency in India.
4) RBI is the sole authority to issue and manage currency in India.
5) None of these
8. Accounts are allowed to be operated by cheques in respect of
1) Both savings bank accounts and fixed deposit accounts
2) Savings bank accounts and current accounts
3) Both savings bank accounts and loan accounts
4) Both savings bank accounts and cash accounts only
5) Both current accounts and fixed deposit accounts
9.Which of the following is a correct statement?
1) Normally no interest is paid on current deposit accounts.
2) Interest is paid on current accounts at the same rate as term deposit accounts.
3) The rate of interest on current account and savings account are the same.
4) No interest is paid on any deposit by the bank.
5) Savings deposits are the same as current deposits
10. The usual deposit accounts of banks are
1) Current accounts, electricity accounts and insurance premium accounts
2) Current accounts, post office savings bank accounts and term deposit accounts
3) Loan accounts, savings bank accounts and term deposit accounts
4) Current accounts, savings bank accounts and term deposit accounts
5) Current bill accounts and term deposit accounts
Answers-
1) `1 lac
2) `2 lacs
3) `5 lacs
4) `50 lacs
5) No upper limit is prescribed
2.Distribution of insurance products and insurance policies by banks as corporate agents is known as
1) General Insurance
2) Non-life insurance
3) Bancassurance
4) Insurance banking
5) Deposit insurance
3.Which of the following schemes has been launched by the Govt of India to provide an identity to its all resident citizens and also to identify people who are poorest, often the last to stand up to ask for their share in govt schemes or lack identity?
1) Public Provident Fund scheme
2) Indira Gandhi Old Age Pension scheme
3) Social Security Scheme for Gramin Dak Sevaks
4) MG National Rural Employment Guarantee Act
5) Aadhaar Card scheme
4.Which of the following types of accounts are known as ‘Demat Accounts’?
1) Accounts which are Zero Balance Accounts
2) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.
3) Accounts in which shares of various companies are traded in electronic form
4) Accounts which are operated through internet banking facility
5) None of these
5.Which of the following statements is true?
1) Banks cannot accept demand and time deposits from public.
2) Banks can accept only demand deposits from public.
3) Banks can accept only time deposits from public.
4) Banks can accept both demand and time deposits from public.
5) Banks can accept demand and time deposits only from
government.
6.Interest payable on savings bank accounts is
1) not regulated by RBI.
2) regulated by State Governments.
3) regulated by Central Government
4) regulated by RBI.
5) regulated by Finance minister.
7.Which of the following is a correct statement?
1) State Bank of India is the sole authority to issue and manage currency in India.
2) A nationalised bank is the sole authority to issue and manage currency in India.
3) A cooperative bank is the sole authority to issue and manage currency in India.
4) RBI is the sole authority to issue and manage currency in India.
5) None of these
8. Accounts are allowed to be operated by cheques in respect of
1) Both savings bank accounts and fixed deposit accounts
2) Savings bank accounts and current accounts
3) Both savings bank accounts and loan accounts
4) Both savings bank accounts and cash accounts only
5) Both current accounts and fixed deposit accounts
9.Which of the following is a correct statement?
1) Normally no interest is paid on current deposit accounts.
2) Interest is paid on current accounts at the same rate as term deposit accounts.
3) The rate of interest on current account and savings account are the same.
4) No interest is paid on any deposit by the bank.
5) Savings deposits are the same as current deposits
10. The usual deposit accounts of banks are
1) Current accounts, electricity accounts and insurance premium accounts
2) Current accounts, post office savings bank accounts and term deposit accounts
3) Loan accounts, savings bank accounts and term deposit accounts
4) Current accounts, savings bank accounts and term deposit accounts
5) Current bill accounts and term deposit accounts
Answers-
1.- 5
2.- 3
3.- 5
4.- 3
5.- 4
6.- 4
7.- 4
8.- 2
9.- 1
10.- 3
1.Upper limit prescribed for RTGS transaction is
1) `1 lac
2) `2 lacs
3) `5 lacs
4) `50 lacs
5) No upper limit is prescribed
2.Distribution of insurance products and insurance policies by banks as corporate agents is known as
1) General Insurance
2) Non-life insurance
3) Bancassurance
4) Insurance banking
5) Deposit insurance
3.Which of the following schemes has been launched by the Govt of India to provide an identity to its all resident citizens and also to identify people who are poorest, often the last to stand up to ask for their share in govt schemes or lack identity?
1) Public Provident Fund scheme
2) Indira Gandhi Old Age Pension scheme
3) Social Security Scheme for Gramin Dak Sevaks
4) MG National Rural Employment Guarantee Act
5) Aadhaar Card scheme
4.Which of the following types of accounts are known as ‘Demat Accounts’?
1) Accounts which are Zero Balance Accounts
2) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.
3) Accounts in which shares of various companies are traded in electronic form
4) Accounts which are operated through internet banking facility
5) None of these
5.Which of the following statements is true?
1) Banks cannot accept demand and time deposits from public.
2) Banks can accept only demand deposits from public.
3) Banks can accept only time deposits from public.
4) Banks can accept both demand and time deposits from public.
5) Banks can accept demand and time deposits only from
government.
6.Interest payable on savings bank accounts is
1) not regulated by RBI.
2) regulated by State Governments.
3) regulated by Central Government
4) regulated by RBI.
5) regulated by Finance minister.
7.Which of the following is a correct statement?
1) State Bank of India is the sole authority to issue and manage currency in India.
2) A nationalised bank is the sole authority to issue and manage currency in India.
3) A cooperative bank is the sole authority to issue and manage currency in India.
4) RBI is the sole authority to issue and manage currency in India.
5) None of these
8. Accounts are allowed to be operated by cheques in respect of
1) Both savings bank accounts and fixed deposit accounts
2) Savings bank accounts and current accounts
3) Both savings bank accounts and loan accounts
4) Both savings bank accounts and cash accounts only
5) Both current accounts and fixed deposit accounts
9.Which of the following is a correct statement?
1) Normally no interest is paid on current deposit accounts.
2) Interest is paid on current accounts at the same rate as term deposit accounts.
3) The rate of interest on current account and savings account are the same.
4) No interest is paid on any deposit by the bank.
5) Savings deposits are the same as current deposits
10. The usual deposit accounts of banks are
1) Current accounts, electricity accounts and insurance premium accounts
2) Current accounts, post office savings bank accounts and term deposit accounts
3) Loan accounts, savings bank accounts and term deposit accounts
4) Current accounts, savings bank accounts and term deposit accounts
5) Current bill accounts and term deposit accounts
Answers-
1) `1 lac
2) `2 lacs
3) `5 lacs
4) `50 lacs
5) No upper limit is prescribed
2.Distribution of insurance products and insurance policies by banks as corporate agents is known as
1) General Insurance
2) Non-life insurance
3) Bancassurance
4) Insurance banking
5) Deposit insurance
3.Which of the following schemes has been launched by the Govt of India to provide an identity to its all resident citizens and also to identify people who are poorest, often the last to stand up to ask for their share in govt schemes or lack identity?
1) Public Provident Fund scheme
2) Indira Gandhi Old Age Pension scheme
3) Social Security Scheme for Gramin Dak Sevaks
4) MG National Rural Employment Guarantee Act
5) Aadhaar Card scheme
4.Which of the following types of accounts are known as ‘Demat Accounts’?
1) Accounts which are Zero Balance Accounts
2) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there.
3) Accounts in which shares of various companies are traded in electronic form
4) Accounts which are operated through internet banking facility
5) None of these
5.Which of the following statements is true?
1) Banks cannot accept demand and time deposits from public.
2) Banks can accept only demand deposits from public.
3) Banks can accept only time deposits from public.
4) Banks can accept both demand and time deposits from public.
5) Banks can accept demand and time deposits only from
government.
6.Interest payable on savings bank accounts is
1) not regulated by RBI.
2) regulated by State Governments.
3) regulated by Central Government
4) regulated by RBI.
5) regulated by Finance minister.
7.Which of the following is a correct statement?
1) State Bank of India is the sole authority to issue and manage currency in India.
2) A nationalised bank is the sole authority to issue and manage currency in India.
3) A cooperative bank is the sole authority to issue and manage currency in India.
4) RBI is the sole authority to issue and manage currency in India.
5) None of these
8. Accounts are allowed to be operated by cheques in respect of
1) Both savings bank accounts and fixed deposit accounts
2) Savings bank accounts and current accounts
3) Both savings bank accounts and loan accounts
4) Both savings bank accounts and cash accounts only
5) Both current accounts and fixed deposit accounts
9.Which of the following is a correct statement?
1) Normally no interest is paid on current deposit accounts.
2) Interest is paid on current accounts at the same rate as term deposit accounts.
3) The rate of interest on current account and savings account are the same.
4) No interest is paid on any deposit by the bank.
5) Savings deposits are the same as current deposits
10. The usual deposit accounts of banks are
1) Current accounts, electricity accounts and insurance premium accounts
2) Current accounts, post office savings bank accounts and term deposit accounts
3) Loan accounts, savings bank accounts and term deposit accounts
4) Current accounts, savings bank accounts and term deposit accounts
5) Current bill accounts and term deposit accounts
Answers-
1.- 5
2.- 3
3.- 5
4.- 3
5.- 4
6.- 4
7.- 4
8.- 2
9.- 1
10.- 3
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