Retail Products

Which of the following is typically NOT a feature of a fixed deposit?

• Fixed interest rate

• Early withdrawal penalties

• High liquidity

• Fixed tenure

Which retail banking product is designed to provide a line of credit that customers can use as needed, up to a certain limit?

• Personal Loan

• Credit Card

• Fixed Deposit

• Savings Account

What type of account is typically used by businesses to manage their daily transactions?

• Savings Account

• Current Account

• Fixed Deposit

• Recurring Deposit

Which of the following is a secured retail banking loan product?

• Personal Loan

• Credit Card

• Home Loan

• Overdraft Facility

What is the main difference between a savings account and a current account?

• Savings accounts earn interest, while current accounts do not

• Current accounts are for individuals, while savings accounts are for businesses

• Current accounts have withdrawal limits, while savings accounts do not

• Savings accounts have higher fees than current accounts

A customer wants to save a fixed amount of money each month and earn interest. Which product should they choose?

• Fixed Deposit

• Recurring Deposit

• Current Account

• Savings Account

Which retail banking product is designed for individuals who need a short-term loan but do not want to withdraw from their savings?

• Personal Loan

• Overdraft Facility

• Fixed Deposit

• Mutual Fund

What is the primary benefit of using a credit card responsibly?

• Earn high interest on savings

• Convenience and Build a good credit history

• Get cash back on Expenditure

• Avoid all banking fees

What is the primary objective of Priority Sector Lending (PSL)?

• To provide loans to large corporations

• To ensure adequate credit flow to economically weaker sections and underdeveloped sectors

• To promote international trade

• To increase foreign direct investment

Which of the following sectors is NOT typically included under Priority Sector Lending?

• Agriculture

• Micro, Small, and Medium Enterprises (MSMEs)

• Real Estate Development

• Education