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Banking questions

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Banks collect the savings of the individuals and lend them out to different set of people.

a)

True

b)

False

c)

Cant say

2.

Rate of interest charged from the borrowers or loans is usually higher than the rate of interest paid to the depositors of the bank.

a)

True

b)

False

c)

Cant say

3.

Banking structure in India is broadly classified in to Scheduled banks and

a)

Unscheduled banks

b)

Private banks

c)

Public sector banks

d)

Rural Banks

4.

PSU banks are those in which the Govt of India holds more than ________% of share capital/ownership.

a)

51

b)

80

c)

90

d)

25

5.

Walk-In customers can avail facilities like

a)

Currency exchange

b)

Cash deposit in to account holder account of that bank

c)

Purchase a demand draft

d)

All of the above

6.

Functions of a bank for the customers of that bank are:

a)

a)Fund transfer facilities

b)

b) Accepting deposits and allowing withdrawals from their accounts

c)

Only Option a)

d)

Option a and b both

7.

A _____________is a document that orders a bank to pay a specific amount of money from a person’s account to the person in whose name it has been issued

a)

Passbook

b)

Debit card

c)

Cheque

d)

Credit card

8.

Under the ________________, the depositor deposits the money only once at the time of opening the account

a)

Savings account

b)

Fixed Deposit account

c)

Current account

d)

Minor account

9.

A _______________________ is a special kind of term-deposit, which help people deposit a fixed amount each month and earn an interest which is equivalent to the interest on Fixed Deposits.

a)

Sweep account

b)

Recurring deposit account

c)

Deposit in minor account

d)

Cheque book account

10.

Savings accounts can be

a)

Minor accounts

b)

Joint accounts

c)

Sweep accounts

d)

All of the above

11.

__________________________is one such initiative taken by PSB(Public sector Bank) Alliance through which customers can avail major Banking transaction services at their Door Step through a common app.

a)

Digital Banking

b)

Door Step Banking

c)

Internet Banking

d)

Online dispute resolution

12.

Clean note policy of RBI means

a)

there should not be any writings/slogans on currency notes

b)

the currency notes can be scribbled with colour pens/pencils

c)

Currency note can be torn

d)

none of the above

13.

Total number of Public sector banks as on Januray 2021 in India are

a)

10

b)

12

c)

15

d)

21

14.

________________________banks is an Indian new model of banks conceptualised by the RBI, these banks can accept a restricted deposit but these banks cannot issue loans and credit cards.

a)

Co-operative banks

b)

Payments Bank

c)

Rural banks

d)

Private banks

15.

___________________is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the "Code of Bank's Commitment to Customers".

a)

Central Bank

b)

Reserve Bank Of India(RBI)

c)

The Banking Codes and Standards Board of India (BCSBI)

d)

Govt Of India

16.

__________________________________along with Govt of India, is responsible for the design, production and overall management of the nation’s currency.

a)

Banking Codes and Standards Board of India (BCSBI)

b)

Reserve Bank of India

c)

State Governments

d)

Central Bank

17.

Four printing presses of RBI print and supply banknotes. These are at Dewas in Madhya Pradesh, Nasik in Maharashtra,

Salboni in West Bengal and

a)

Chennai in Tamil Nadu

b)

Hyderabad in Telangana

c)

Mysore in Karnataka

d)

Kolkata in West Bengal

18.

Coins are minted by

a)

Government of India

b)

State Governments

c)

RBI

d)

Public sector banks

19.

________________ is banker to banks.

a)

RBI

b)

Govt of India

c)

Ministry of Finance

d)

State Governments

20.

___________________________are individuals engaged by a bank in India for providing banking services in unbanked / under-banked geographical territories of our country

a)

Agents

b)

Intermediary agent

c)

Banking Correspondents (BCs)

d)

None of the above

21.

RTGS 24x7x365 was launched with effect from

a)

December 14, 2020

b)

January 20,2021

c)

November 10, 2020

d)

August 20, 2020

22.

The _____________________issues the cheque directing his bank to pay a certain amount of money to a certain person or his order to the bearer.

a)

Drawee

b)

Payee

c)

Drawer

d)

Bearer

23.

Government welfare schemes which can be registered in banks are

a)

PMSBY(Pradhan Mantri Suraksha Bhima Yojana)

b)

PMJJBY(Pradhan Mantri Jeevan Jyothi Bhima Yojana)

c)

Atal Pension Yojana(APY)

d)

All of the above

24.

Full form of KYC is

a)

Know your country

b)

Know Your customer

c)

Know your currency

d)

Know your code

25.

RBI is established on

a)

April 1, 1925

b)

April 1, 1935

c)

April 1, 1969

d)

April 1, 1970