Worksheetsbanking extra
Total questions: 11
Worksheet time: 6mins
Which of the following is NOT a function of a bank?
Accepting deposits
Issuing currency notes
Providing loans
Facilitating payments
What is the full form of IMPS?
International Mobile Payment Service
Immediate Payment Service
Interbank Mobile Payment Service
Instant Mobile Payment Service
IMPS is available:
Only during bank working hours
Only on weekdays
24x7, throughout the year
Only during business hours
Which of the following statements is true about NEFT?
NEFT is a real-time transfer service
NEFT transactions are processed in hourly batches
NEFT is available 24x7
NEFT requires physical presence at the bank
The minimum amount for an RTGS transaction is:
₹2,000
₹20,000
₹2 lakh
₹5 lakh
Which of the following is true about Business Correspondents?
They are bank employees
They are individuals/entities engaged by banks to provide banking services in remote areas
They can issue loans without bank approval
They are used only for international banking
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
A) To promote digital literacy
B) To provide universal access to banking facilities
To provide agricultural subsidies
To offer housing loans
Which of the following categories of loans is not covered under PMMY?
Shishu
Kishor
Tarun
Ganga
Microfinance primarily targets which group of people?
Large corporations
Middle-income households
Low-income households
Government employees
What is a key characteristic of Self Help Groups (SHGs)?
They are sponsored by large corporations
They focus on individual lending
They rely on collective responsibility and savings
They are part of international banks
What distinguishes Joint Liability Groups (JLGs) from SHGs?
JLGs have a formal legal structure
JLGs are generally larger in size
JLGs are based on the principle of joint liability
JLGs are funded by international organizations
