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WorksheetsCCC30 - Chapter 8 - Digital Financial Services
Total questions: 25
Worksheet time: 13mins
What is Atal Pension Yojana (APY)?
Provides social security to the unorganized sector
Encourages workers to save for their retirement
Fixed pension voluntarily is paid on attaining the age of one year
All of these
We should keep our savings with banks because
It is safe
Earns interest
Can be withdrawn anytime
All of above
ATM password to be shared only with
Spouse
Obedient son
Obedient daughter
None of above
Loans from money lenders are
With High rate of interest
No proper accounting
No transparency
All of above
Life insurance means
Insurance of human
Insurance of life of human and Cattle
Insurance of Life of Machines
All of above
General Insurance relates to insurance against
Fire
Theft
Burglary
All of above
Bank provides loans for
Home
Car
Education
All of these
The safest place for keeping money
A pit dug in the ground
An iron box
Bank
Money lender
Gold and silver ornaments should be kept in bank lockers
It is safe
No risk of theft
Both
None
Bank PassBook is
Issued by Bank
Contains transaction details of Bank account
Shows balance in account
All of above
Banks pays interest on
Deposits
Loans
Both
None
Bank charges interest on
Deposits
Loans
Both
None
Internet banking refers to
Operation of account through internet
Opening of account through ATM
Both
None
In Recurring Deposits
a fixed sum is deposited every month
period of deposit is a fixed tenure
interest is paid at FDR rate
All of these
ATM can be used for
Cash withdrawal
Account enquiry
Statement of account
All of these
What is RuPay Debit Card?
Domestic debit card
Introduced by National Payments Corporation of India
Accepted at all ATMs & PoS machines
All of these
Aadhaar is
12 digit number card
Identity proof issued by UIDAI
Both
None
Currency notes are issued by
RBI
NABARD
Public sector banks
Central Government
Coins are issued by
Government of India
NABARD
Public sector banks
State Bank of India
Education Loans
Cover tuition fee & expenses
Are repayable after completion of course
Granted for studies in India & abroad
All of these
Who can open bank account
Indian citizen
Non Resident Indian
Illiterate
All of these
What is meant by Aadhaar seeding?
Linking of Aadhaar with Bank account
Duplicate issuance of Aadhaar
Transfer of Aadhaar
None
What are the benefits attached to PMJDY?
Accident insurance cover of Rs.1.00 lac
Life insurance cover of Rs.30,000/-
Overdraft facility up to Rs.5,000/-
All of these
Who can open an account under PMJDY?
Minor above the age of 10 years
Only lady of the house
Only head of the family
All of these
Who is Bank Mitra?
Banking Correspondents engaged by Banks
Valuable customer of Bank
Security guard in a branch
None of these
