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CCC28 - Chapter 8 - Digital Financial Services

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Which mobile wallet does not permit cash withdrawal?

a)

Open Wallet

b)

Semi-Open Wallet

c)

Semi-Closed Wallet

d)

Closed Wallet

2.

Fixed deposits and recurring deposits are

a)

Repayable on demand

b)

Repayable after an agreed period

c)

Non-Repayable

d)

Repayable after the death of depositors

3.

Which is the largest commercial Bank in India?

a)

SBI

b)

HDFC

c)

ICICI

d)

Axis Bank

4.

UPI interface governed by

a)

RBI

b)

SBI

c)

Finance Ministry

d)

Govt. of India

5.

In which year NEFT services have been started?

a)

2005

b)

2002

c)

2009

d)

1999

6.

PAN Card is valid only for

a)

Cardholder's ID only

b)

To deposit in the bank

c)

To drive a car

d)

All of these

7.

We should keep our savings in banks because Money will be safe in

a)

Banks

b)

Get interested

c)

Any time you can withdraw your Money

d)

All of these

8.

Which function is used to calculate the Rate of Return, Loan, Amount, and Future Value?

a)

Statistical function

b)

Financial function

c)

Logical function

d)

Mathematical function

9.

What is the meaning of Internet Banking?

a)

Banking through the internet

b)

Dealing with foreign countries

c)

Net Practice

d)

Meeting of banks on the net

10.

What does the Pradhan Mantri Suraksha Bima Yojana (PMSBY) cover?

a)

Accidental Insurance

b)

Life Insurance

c)

Overdraft up to Rs. 5000/-

d)

All of these

11.

The safest place to keep Money

a)

In Iron box

b)

Digging a hole in the ground

c)

In the Bank

d)

At home

12.

Who is a Bank Mitre?

a)

Bank-appointed banking correspondents

b)

Important customer of the Bank

c)

The security guard of the bank branch

d)

Representative of Bank Security

13.

How much loan is available in Pradhan Mantri Mudra Yojana (PMMY)?

a)

1 lakh

b)

5 lakhs

c)

10 lakhs

d)

50 lakhs

14.

General insurance is for whom?

a)

Fire

b)

Theft

c)

Burglary

d)

All of these

15.

What is the full form of MGNREGS

a)

Mahatma Gandhi Rural Employment Generation Scheme

b)

Mahatma Gandhi Nutrition & Rural Employment Generation Scheme

c)

Mahatma Gandhi National Rural Employment Guarantee Scheme

d)

Mahatma Gandhi National Registration of Employee for Government Schemes

16.

Who issues coins?

a)

RBI

b)

SBI

c)

Central Government

d)

Govt. of India

17.

Once nomination is appointed

a)

Cannot he cancelled

b)

Cannot be changed

c)

Can be changed

d)

Can be change only one time

18.

What is the full form of PMMY?

a)

Pradhan Mantri Money Yojana

b)

Pradhan Mantri Mudra Yojana

c)

Primary Money Market Yojana

d)

Prime Minister Mudra Yojana

19.

Which of the following method is used to read check-in a bank?

a)

OCR

b)

MCR

c)

MICR

d)

OMR

20.

PAN number is required

a)

On depositing more than Rs 50,00

b)

On depositing less than Rs 50,00

c)

Both

d)

None

21.

RTGS stands for Real-Time Grass Settlement.

a)

True

b)

False

22.

EDS stands for

a)

Electronics Date System

b)

Electric Data System

c)

Electronics Data Secondary

d)

Electronics Data System

23.

Who controls credits in India?

a)

Government of India

b)

Reserve Bank of India

c)

State Bank of India

d)

Indian Bank

24.

Who can open an account under PMJDY?

a)

People above the age of 10 only

b)

Women only

c)

Head of the house only

d)

All of the above

25.

IMPS means immediate Payment Service managed by

a)

NPCI

b)

RBI

c)

Bank

d)

None of these