WorksheetsIIBF Exam 51-71
Total questions: 21
Worksheet time: 21mins
Which of the following are the main features of Micro-Finance?
I. Finance is for short and medium term.
II. Loans given are of small amount.
III. It is targeted at low income group.
IV. The credit is secured by assets.
(i)and (ii) only
(i), (ii) and (iii) only
(ii) and (iii) only
(iii) and (iv) only
Microfinance is extending financial services to ____________.
The poor
The farmers only
The socially excluded only
The agricultural labourers only
BPL means ____________
Banana Plantation Loan
Bank Plan for Lending
Beyond Poverty Line
Below Poverty Line
Which of the following Self Help Groups is permissible without registration as per the prescribed norms?
SHG with 5 members from a single family in a village with population of 15000 persons all below poverty line.
SHG with 15 members of whom 3 members (being neighbours of 7 other members) are marginally above poverty line and none of them are office bearer.
SHG with 25 members with 2 members above poverty line.
SHG with 10 members with 2 members marginally above poverty line of whom one is the Group Leader.
The source of revenue for a business correspondent is __________
Service charges levied by the business correspondent on the bank’s customers.
A percentage of interest paid on the deposits mobilized by the business correspondent.
Commission/ fee paid by the bank to the business correspondent.
Any of the above.
Which of the following activities may be undertaken by a business correspondent as per extant guidelines
I. Advice on managing money
II. Debt counseling
III. Appraisal and sanction of loan applications
IV. Sale of micro insurance
(i), (ii) and (iv) only
(i), (ii) and (iii) only
(i), and (iii) only
(i), (ii), (iii) and (iv)
Which of the following actions is not appropriate for a Business Correspondent?
Protecting the privacy of the customer even if disclosing his business may attract more customer.
Giving the customer complete, factual and truthful information about the bank’s product even he may the customer.
Treating all customers alike even though favouring customers from a particular group may provide good business.
All the above actions are appropriate.
Which of the following statements is true in respect of the association of business correspondent
Business Correspondents cannot operate from ultra-small branches.
Business Correspondents can operate from ultra-small branches.
Business Correspondents should cater only to the customers of the ultra-small branches
Where Business Correspondents operate from ultra-small branches, no bank employee or office present.
Which of the following statements is correct regarding PMJDY?
Bank account can be opened outside of a bank branch premises.
Bank account can be opened in single name only.
Bank account can be opened with minimum deposit only.
Bank account can be opened on fixed days only.
Business Correspondents have a key role in providing financial services under Pradhan Mantri Jan-Dhan Yojana. They are known as
Grahak Mitra
Jan Dhan Mitra
Bank Mitra
Bank Pratinidhi
Which of the following are main objectives of Atal Pension Yojana?
(i) Aimed at organized sector
(ii) Inculcate habit of savings
(iii) Provide social security
(iv) Open to people of all ages
(i) and (ii) only
(ii) and (iii) only
(i), (ii) and (iii) only
(ii), (iii) and (iv) only
What is the amount of Life Insurance Cover available to account-holder under PMJDY?
Rs 1,00,000
Rs 80,000
Rs 50,000
Rs 30,000
Which one of the following facilities is being extended to people under the DBTL scheme?
Direct Benefit Token of LPG Subsidy.
Direct Benefit Transfer of LPG Subsidy.
Direct Bills Transfer of LPG Subsidy.
Direct Bills Token of LPG Subsidy.
SSA stands for ______
Service Sub Area
Sub Service Authority
Service Sub Authority
Sub Service Area
Which one of the following is a must for getting the benefit of subsidy under DBTL?
Bank account
PAN Number
Ration card
Telephone bill
The insurance cover under Pradhan Mantri Jeevan Jyoti Bima Yojana is renewable periodically on payment of renewable premium preferably through _____________
NEFT remittance before the due date
Payment at the bank holding the bank account
IMPS remittance before the due date
Auto debit mandate on the saving account
The participating banks in the life insurance scheme under PMJJBY are ________
Administrators
Master Policy Holder
Principal Policy Holder
Insurers
For making remittance through mobile banking using IMPS, the remitter has to obtain _______
Moblie Money Identifier and Moblie Banking Pin
Moblie Money Identifier only
Moblie Banking Pin only
Unique Customer Identifier only
Which of the following is correct regarding the security for the Overdraft facility under PMJDY?
Mortgage of house
Pledge of life policy
Charge on assets
No security.
Which one of the following is the full form of PIN required for using the RuPay Debit Card?
People Identity Number
People Identity Numeral
Personal Idea Number
Personal Identification Number
Under Pradhan Mantri Suraksha Bima Yojana the cover available in case of loss of one eye is _______
Rs 50,000
Rs 5 Lakh
Rs 2 Lakh
Rs 1 Lakh
