WorksheetsBanking unit3
Total questions: 25
Worksheet time: 13mins
What does CASA stand for in banking?
Credit and Saving Account
Current and Savings Account
Cash and Saving Account
Central and Savings Account
Which type of account is suitable for businesses for frequent transactions?
Fixed Deposit
Recurring Deposit
Savings Account
Current Account
In which type of deposit account is money deposited for a fixed tenure at a fixed interest rate?
Recurring Deposit
Current Account
Fixed Deposit
CASA Account
Jan Dhan Yojana was launched in which year?
2010
2012
2014
2015
What is the maximum balance limit for Jan Dhan accounts?
₹50,000
₹1,00,000
₹10,000
No limit
KYC stands for:
Know Your Code
Know Your Credit
Know Your Customer
Know Your Currency
Which document is not typically accepted for KYC?
Aadhaar
PAN Card
Electricity Bill
Library Card
A passbook is used in which type of account?
Fixed Deposit
Savings Account
Credit Card
Loan Account
Which is more environmentally friendly and preferred by banks now?
Passbook
Physical Statements
e-Statement
Cheque Book
A minor can operate which account under supervision?
Fixed Deposit
Current Account
Savings Account
Credit Account
Who is the ‘Customer’ in the Banker-Customer relationship?
Only borrowers
Only account holders
One who has a banking relationship
Only FD holders
Which of the following is a Special Type of Customer?
Salaried Employee
Minor
Trader
Depositor
Which is not a principle of sound lending?
Liquidity
Profitability
Security
Popularity
Which of the following is a priority sector in bank lending?
Large corporations
Agriculture
Real Estate
IT services
Repo rate is used by RBI to:
Give loans to the public
Control currency printing
Lend to banks
Collect taxes
Reverse Repo Rate is the rate at which:
Public lends to RBI
Banks borrow from RBI
RBI borrows from banks
Banks lend to public
What is NPA in banking terms?
National Payment Agency
Non-Payment Agreement
Non-Performing Asset
Net Profit Allocation
An asset is considered NPA if interest or installment is overdue for more than:
60 days
90 days
180 days
30 days
What is provisioning?
Giving new loans
Selling bad loans
Setting aside funds for NPAs
Writing off debt
Which of the following is not a type of loan?
Term Loan
Working Capital Loan
Saving Loan
Overdraft
Asset classification is done to:
Monitor bank employees
Manage customers
Identify risk of loan recovery
Audit physical assets
An example of a secured loan is:
Personal Loan
Car Loan
Credit Card Loan
Education Loan
What is a major factor in influencing bank lending?
Distance from bank
Customer’s dress code
Creditworthiness of borrower
Language of application
Which one of these is a source of lending for a bank?
Central Government
Deposits from customers
World Bank
Donations
Which customer type is considered high-risk for KYC?
Student
Housewife
Politically Exposed Person (PEP)
Senior Citizen
