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BANKING SERVICES

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Minimum and Maximum limits for RTGS

a)

Minimum 2 Lakhs and Maximum No limit

b)

Minimum 1 Lakhs and Maximum 10 Lakhs

c)

Minimum 1 Rupees and Maximum No limit

d)

Minimum 5 Lakhs and Maximum 50Lakhs

2.

Cheque is a ___ instrument

a)

Paper

b)

Money alternative

c)

Negotiable

d)

All the Above

3.

Full Form of ATM

a)

Automatic transferring MAchine

b)

Automated Teling Machine

c)

Asynchronous Transfer Mode

d)

Automated Teller Machine

4.

CRISIL is a

a)

Controller of all financial Institutions

b)

Credit Rating Agencies

c)

Bank Rating Agencies

d)

Non-Banking Institution Rating Agencies

5.

Is there any minimum and maximum cash withdrawal limit per day for Saving Account Holders?

a)

Yes

b)

No

c)

Maybe

d)

All of the Above

6.

Who is the governor of Reserve Bank of India

a)

Sanjay Malhotra

b)

Urjit Patel

c)

Nirmala Sitharaman

d)

None of the List

7.

Which of the following statement/statements is/are correct regarding the 'Overdraft' facility of the Banks?

a)

Bank provides this facility to current account holders.

b)

Account holder can withdraw money anytime up to the provided limit.

c)

Account holder needs to pay interest only on borrowed amount for the period for which he took loan.

d)

All are Correct

8.

In which year was the Reserve Bank of India established ?

a)

1947

b)

1949

c)

1935

d)

1952

9.

Expand the term EMI as used in banking/finance sector?

a)

Easy Monthly Instalment

b)

Equal Monthly Investment

c)

Equated Mortgage Investment

d)

Equated Monthly Instalment

10.

What does M in M-Banking Facility being offered by banks to their customers, stand for?

a)

Money

b)

Message

c)

Marginal

d)

Mobile Phone