BC EXAM -ENGLISH QUIZ 30112022

A micro Enterprise in manufacturing sector is one where the investment in plant and machinery does not exceed Rs.

•  10 lakhs

• 15 lakhs

•  25 lakhs

•  20 lakhs

Answer explanation

25 lakhs IS THE CORRECT ANSWER

Which of the following is the tagline of Pradhan Mantri Jan-Dhan Yojana (PMJDY) ?

•  Mera Khata Bhagya Vidhata

• Mera Khata Sabka Vidhata

• Mera Khata Mera Vidhata

• Mera Khata Bhagyasali

Branches may not open accounts for those customers who are not able to provide KYC documents, the total credits summation in all the accounts taken together is not expected to exceed Rs. ____ in a year.

• 3 Lakhs

• 5 Lakhs

• 1 Lakh1 Lakh

• 7 Lakhs

Working capital credit facilities are intended to make the borrower's ____ credit requirements.

• Fixed Term

• Short-term

• Long-term

• None of these

Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY), covers life insurance up to Rs. _____

• 4 Lakhs

• 3 Lakhs

• 1 Lakh

• 2 Lakhs

In Recurring Deposits, interest is not paid at FDR rate.

• True

• False

With which type of MSE businesses under Income Generation Purpose is the MUDRA scheme applicable to?

• Existing business for upgradation

• Existing businesses for expansion

• Newly startups

• All the above

SLBC is a forum at State level ensuring co-ordination between Government and Banks on matters pertaining to banking development. What does SLBC stand for?

• State Level Banking Committee

• State Level Banking Certificate

• Static Level Banking Club

• State Level Bankers' club

A recurring deposit account requires the customer to deposit a fixed amount....

• At a specified intervals for any period

•  At specified intervals for a specified period

• At will for a specified period

• Any time for his/her convenience

Overdraft facility of Rs.5,000/- in PMJDY Account is available to...

• One account per household

• After 6 months of satisfactory conduct of account

•  Customers in age group of 18-60 years

• All the above