WorksheetsBanking questions
Total questions: 25
Worksheet time: 13mins
Banks collect the savings of the individuals and lend them out to different set of people.
True
False
Cant say
Rate of interest charged from the borrowers or loans is usually higher than the rate of interest paid to the depositors of the bank.
True
False
Cant say
Banking structure in India is broadly classified in to Scheduled banks and
Unscheduled banks
Private banks
Public sector banks
Rural Banks
PSU banks are those in which the Govt of India holds more than ________% of share capital/ownership.
51
80
90
25
Walk-In customers can avail facilities like
Currency exchange
Cash deposit in to account holder account of that bank
Purchase a demand draft
All of the above
Functions of a bank for the customers of that bank are:
a)Fund transfer facilities
b) Accepting deposits and allowing withdrawals from their accounts
Only Option a)
Option a and b both
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
Passbook
Debit card
Cheque
Credit card
Under the ________________, the depositor deposits the money only once at the time of opening the account
Savings account
Fixed Deposit account
Current account
Minor account
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.
Sweep account
Recurring deposit account
Deposit in minor account
Cheque book account
Savings accounts can be
Minor accounts
Joint accounts
Sweep accounts
All of the above
__________________________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.
Digital Banking
Door Step Banking
Internet Banking
Online dispute resolution
Clean note policy of RBI means
there should not be any writings/slogans on currency notes
the currency notes can be scribbled with colour pens/pencils
Currency note can be torn
none of the above
Total number of Public sector banks as on Januray 2021 in India are
10
12
15
21
________________________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.
Co-operative banks
Payments Bank
Rural banks
Private banks
___________________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".
Central Bank
Reserve Bank Of India(RBI)
The Banking Codes and Standards Board of India (BCSBI)
Govt Of India
__________________________________along with Govt of India, is responsible for the design, production and overall management of the nation’s currency.
Banking Codes and Standards Board of India (BCSBI)
Reserve Bank of India
State Governments
Central Bank
Four printing presses of RBI print and supply banknotes. These are at Dewas in Madhya Pradesh, Nasik in Maharashtra,
Salboni in West Bengal and
Chennai in Tamil Nadu
Hyderabad in Telangana
Mysore in Karnataka
Kolkata in West Bengal
Coins are minted by
Government of India
State Governments
RBI
Public sector banks
________________ is banker to banks.
RBI
Govt of India
Ministry of Finance
State Governments
___________________________are individuals engaged by a bank in India for providing banking services in unbanked / under-banked geographical territories of our country
Agents
Intermediary agent
Banking Correspondents (BCs)
None of the above
RTGS 24x7x365 was launched with effect from
December 14, 2020
January 20,2021
November 10, 2020
August 20, 2020
The _____________________issues the cheque directing his bank to pay a certain amount of money to a certain person or his order to the bearer.
Drawee
Payee
Drawer
Bearer
Government welfare schemes which can be registered in banks are
PMSBY(Pradhan Mantri Suraksha Bhima Yojana)
PMJJBY(Pradhan Mantri Jeevan Jyothi Bhima Yojana)
Atal Pension Yojana(APY)
All of the above
Full form of KYC is
Know your country
Know Your customer
Know your currency
Know your code
RBI is established on
April 1, 1925
April 1, 1935
April 1, 1969
April 1, 1970
