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Rural Banking Quiz

Authored by Ankit Aggarwal

Life Skills

University

Used 4+ times

Rural Banking Quiz
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69 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of _____.

30 days

90 days

12 months

18 months

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Substandard assets are assets which has remained NPA for a period less than or equal to _____.

3 months

6 months

12 months

24 months

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Doubtful assets are assets which would be classified as doubtful if it has remained in the substandard category for a period of ____.

3 months

6 months

12 months

24 months

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

KYC will be carried out at the following stages _____.

Opening a new account

When the bank feels it necessary to obtain additional information from existing customers based on conduct of the account

Opening a Locker facility

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The objective of KYC/AML guidelines is ____.

To prevent banks from being used by criminals for money laundering or terrorist financing activities

To collect information of all citizens

To assist the government in social welfare schemes

To create a database of credit defaulters

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Those in need of finance like farmers, small scale units, rural industries are generally ignored by banks as they are not considered

Credit worthy

Well informed

All of the above

None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____ were established in 1975 with a view to develop the rural economy.

Commercial Banks

Regional Rural Banks

Co-operative Banks

Private Sector Banks

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