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1. Bank "A" sanctioned and disbursed a sum of Rs. 12000 on 1/4/2015, it charges interest on Half yearly basis. It levies 12% p.a. as interest on the account. The borrower did not repay any money during the year. The amount of interest to be charged in the account on 30/09/2015 is___________.
   1.   Rs. 1440
   2.   Rs. 600
   3.   Rs. 720
   4.   Rs. 840
2. An account holder who is not only unable to physyically present in the bank but also not even able to put his/her thumb impression on the cheque/withdrawal form due to certain physical incapacity, want to take cash payment. The Bank will ____________.
   1.   Refuse payment and advise to close down the account.
   2.   Obtain a mark on the cheque/withdrawal from in the presence of two independent witnessess of which one should be bank official
   3.   Obtain a mark on the cheque/withdrawal from in the presence of two indepedent witnessess known to the bank
   4.   Advise to obtain a medical certificate from govt hospital indicating the stage of physical incapacity and add name of his close relative in the account.
3. Lender of the last resort to bank means ___________.
   1.   Capital influsion by central Govt. to comply with the capital adequacy norms under BASEL agreements
   2.   Liquidity supports by RBI to banks on a temporary basis thrugh repo
   3.   RBI lends to banks for maintaining adequate SLR
   4.   Fund support by central Goverment when any bank's position in turmoil
4. POS stands for _________________.
   1.   Payment of Sale
   2.   Point of Sale
   3.   Point of Settlement
   4.   Purchase and Sale
5. The term Bank's customer does not include_____________.
   1.   Anyone coming to the bank with the intention of opening his account.
   2.   Anyone conducting a banking transaction with the bank.
   3.   An individual borrower of the bank.
   4.   Any legal entity having a deposit account with the bank.
6. You have deposited Rs.10,000 in a bank for 1 year. The rate of interest is 10% p.a. What aggregate amount you will get back if the rate of interest is simple ?
   
   1.   Rs. 11,000
   2.   Rs. 12,000
   3.   Rs. 13,000
   4.   Rs. 14,000
7. What does BC means in Banking System?
   1.   Business Correspondent
   2.   Bank Customer
   3.   Banking Client
   4.   Business Clien
8. Which of the following is a right step taken by the bank that can help the borrower affected by the natural calamities to repay their loan?
   1.   Waiver of interest on loans by bank
   2.   Rescheduling of the existing loan.
   3.   Fresh finance for starting business
   4.   Write off the entire existing dues
9. KYC means__________?
   1.   Know your clients
   2.   Know your call
   3.   Know your customers
   4.   None of the above
10. Which of following is not the correct way to handle complaints ?
    1.   By getting emotionally involved in the issue
    2.   By addressing the interest of the customer
    3.   By asking customer to provide feedback
    4.   By giving customer to provide feedback
11. Which one of the following is the maximum period for which overdraft is allowed under PMJDY?
    1.   12 months
    2.   36 months
    3.   48 months
    4.   24 months
12. A payment Bank _________ ( select most appropriate option from among the following )
    1.   Can not accept deposits
    2.   Can accept deposits in a saving bank account only
    3.   Can accept deposits in a saving bank account and current account only
    4.   Can accepts any type of deposits but not exceeding Rs. One lakh per customer.
13. A Bank can accept fixed deposit for a maximum period of _____________.
    1.   30 years
    2.   20 years
    3.   10 years
    4.   Any time
14. Which of the following statement relate to the meaning of "Aadhaar seeding" in an account ?
    1.   Opening the account through business correspondents.
    2.   Obtaining Aadhaar card as a document for account opening
    3.   Linking the Aadhaar card details with the account opened
    4.   Processing the application for aadhaar card.
15. Recurring deposit is classified as _____________.
    1.   Demand Deposit
    2.   Hybrid Deposit
    3.   Flexi Deposit
    4.   Term Deposit
16. Fixed deposit is classified as __________.
    1.   Demand Deposit
    2.   Loan Product
    3.   Term Deposit
    4.   All of the above
17. ________ is the price that somone pays for the loan taken from a bank.
    1.   Premium
    2.   Interest
    3.   Penalty
    4.   Service Charge
18. Which one of the following has hugely changed the banking culture ?
    1.   More operational freedom available with banks
    2.   Spread of banking to the remote corners of the country
    3.   Merger of the strong banks with the weak banks
    4.   Increased use and adoption of technology in banking
19. As per RBI guidelines, banks must clasify their assests or loans into which of the following four categories?
    1.   Standard, Sub standard, doutfull, loss
    2.   Standard, Below standard, doubtful, loss
    3.   Standard, Non- standard, doubtful, loss
    4.   Standard, Non-perfoming, doubtful, loss
20. A loan of Rs. One lakh has been given under Pradhan Mantri Mudra Yojna, It will be categorized Under________________
    1.   Shishu Scheme
    2.   Kishore Scheme
    3.   Tarun Scheme
    4.   Artisan Scheme
21. When was the PMJDY launched in the country ?
    1.   2010
    2.   2011
    3.   2014
    4.   2012
22. Which one of the following is true regarding services provided by the banks?
    1.   Bank provide both Financial and Non- Financial Services
    2.   Crop Loan is a FIinancial Service
    3.   Kisan Credit Card is an example of a financial services
    4.   All of the above
23. BHIM ( Bharat Interface for money) is an app for making payment transactions using_______system and ___________for identification.
    1.   IMPS, Mobile Number
    2.   UPI, Bank Account
    3.   IMPS, Account Name
    4.   UPI, Payment Address
24. Which among the following is a credit product of banks?
    1.   Fixed Deposit
    2.   Demand Draft
    3.   Kisan Credit Card
    4.   Recurring Deposit
25. Small Finance Banks are required to provide atleast 50% of loans whose amount per borrower ________.
    1.   Does not exceed Rs. 25 lakh
    2.   Does not exceed Rs. 30 lakh
    3.   Does not exceed Rs. 35 lakh
    4.   Does not exceed Rs. 50 lakh
26. under DBTL Scheme, One of the key agencies involved in the process is ___________.
    1.   Village Panchayat
    2.   LPG Distributor
    3.   Primary School
    4.   All of the above
27. Relationship between the banker and customer can be of varies types depending on the type of transaction, which one of the following does not result in the banker-customer relationship?
    1.   Keeping goods in safe custody with the bank
    2.   Remiting money to relatives through the bank
    3.   Borrowing Money from the Bank
    4.   Working for the Bank as its Business Correspondent
28. Which of the following accounts is are eligible to be opened under PMJDY ?
    1.   Accounts in the name of illtreate persons
    2.   Joint Accounts
    3.   Individual Accounts
    4.   All of the Above
29. The price of insurance is called _____________-----.
    1.   Fee
    2.   Service Charge
    3.   Premium
    4.   Installment
30. PMJDY Focuses on Coverage of ______________.
    1.   Village above 2000 population
    2.   Rural Area Excluding Urban Area
    3.   Male members of the rural Family
    4.   All Households
31. Which one of the following is must for getting the benefits of subsidy under DBTL ?
    1.   BANK Account
    2.   PAN Number
    3.   Ration Card
    4.   Telephone Bill
32. A 'standard Assest' of a bank is defined as an assests which is __________.
    1.   Not a Non- Performing Assest
    2.   A doubtful Assest
    3.   A loss Asset
    4.   None of the above
33. What is the minimum balance to be maintained in bank account opened under PMJDY?
    1.   There is no minimum balance stipulation
    2.   Rs. 5
    3.   Rs. 10
    4.   Rs. 100
34. Which one of the following is the most important feature of an SHG ?
    1.   Compulsory Minimum Saving
    2.   Only Men as members
    3.   Self Help is the Best Help
    4.   Both A & C
35. Which is the correct sequence of three stage of Money Laundering ?
    1.   Placement, Layering, Integration
    2.   Layering, Cleansing, Placement
    3.   Intergration, Layering, Placement
    4.   Placement, Laundering, Cleansing
36. Which one of the following statements is correct regarding PMJDY ?
    1.   Bank account can be opened outside of a bank branch premises
    2.   Bank account can be opened in single names only
    3.   Bank account can be opened with minimum deposit only
    4.   Bank account can be opened on fixed days only
37. The accident cover under PMSBY shall terminate on the number attaining the age of ________.
    1.   60 years
    2.   65 years
    3.   70 years
    4.   75 years
38. Which one of the following debit card is issued to the bank accounts opened under PMJDY ?
    1.   Visa Card
    2.   Rupay Card
    3.   MasterCard
    4.   Maestro Card
39. Which one of the following is not considered to be a soft skill ?
    1.   Confidence Approach
    2.   Positive Outlook
    3.   Patient Beharvior
    4.   Academic Knowledge
40. PMJDY Means_____________.
    1.   Pradhan Mantri Jan Dhan Yojna
    2.   Pradhan Mantri Janandolan Yojna
    3.   Primary Money Jodan Yojna
    4.   None of the above
41. Micro ATM is basically a bio-Metric hand-held device enabled with___________.
    1.   New technology
    2.   Future Banking
    3.   Authentication
    4.   Codes
42. The repayment of Loans depends upon________.
    1.   Borrower's capacity to pay only
    2.   Borrower's Willingness to pay only
    3.   Borrower's income generation only
    4.   All of the above
43. Which one of the following is the device at BC centers for faclitating cashless purchases to customers.
    1.   Biometric
    2.   POS Machine
    3.   ATM
    4.   Kiosk
44. Which one of the following facilities is being extended to people under the DBTL scheme ?
    1.   Direct Benefit Token of LPG Subsidy
    2.   Direct Benefit Transfer of LPG Subsidy
    3.   Direct Bills Transfer of LPG Subsidy
    4.   Direct Bills Token of LPG Subsidy
45. Which of the following statements is not true in respect of the Near Field Communication Mobile ?
    1.   Customer Account is maintained with the local branch of the bank
    2.   Business correspondent keeps working capital account with branch
    3.   Deposits and Withdrawals can be carried out offline also
    4.   Cost per transaction is less than that incurred from ATM.
46. Which one of the following is not a feature of a micro- ATM?
    1.   Connected to core banking system
    2.   Hand held device operated by BC
    3.   Needs Biometric Authentication
    4.   Used for bill payment by customer
47. Which one of the following is the use of the Query Serivce Aadhaar Mapper (QSAM) ?
    1.   To know Account opening status with bank
    2.   To know aadhaar seeding status with bank
    3.   To know account balance with the bank
    4.   To know cheque issued status with the banks
48. Which one the following is the full form of PIN required for using the Rupay Debit Card?
    1.   People Identity Number
    2.   People Identity Number
    3.   Personal idea Number
    4.   Personal Identifiaction Number
49. In case of deposit accounts, Nomination help bank in handling over balance,( select the most appropriate option from among the following )
    1.   In a deceased person accounts to the legal heir
    2.   To a person as desire by he deceased customer
    3.   To a person of banks choice legally
    4.   All of the above
50. Which of the following is not true in regard to "floating rate'?
    1.   The rate of interest is determined by marketing condition
    2.   There is change in the rate of interest on yearly basis
    3.   The interest is recovered over and Above the principal
    4.   The reset clause determines the interest rate periodicty
51. There are various verities of co-operatives bank in our country which one of the following not one of them ?
    1.   Urban Co-operative bank
    2.   Regional Rural Bank
    3.   Land Development Bank
    4.   District Central Co-Operative Bank
52. The bank is an institution which has to deposit from and lend money to____________
    1.   All members of society or public
    2.   Middle class of society
    3.   Rich class of society
    4.   Poor class of society
53. In a normal recurrign deposit for two years, the depositor makes_________
    1.   Monthly deposit of fixed sum for two years
    2.   Deposit of the entire amount at the begining
    3.   Yealy deposit of a fixed sum for two years
    4.   None of the above
54. The core functions of a bank include____________
    1.   Deposit - taking only
    2.   Leasing only
    3.   Funds transfer / remitance only
    4.   Both A and C
55. Which of the following is not associated with the IT enabled Financial inclusion through banking Correspondence ?
    1.   Increase the outreach of banking in rural areas.
    2.   Handling huge volumes of rural banking transactions
    3.   Incurring high delivery coasts for serving rural masses
    4.   Encountering problems of connectivity in rural areas.
56. Whether the bank account opened under PMJDY can be transferred to any branch of the bank as per the request of the account holder?
    1.   No, it cannot be transferred to any branch of the bank
    2.   Yes,it can be transferred to any branch of the bank within the state only.
    3.   Yes,it can be transferred to any branch of the bank within the district only.
    4.   Yes,it can be transferred to any branch of the bank in any city town / other states.
57. SSA stands for_____________
    1.   service sub area
    2.   sub service authority
    3.   service sub authority
    4.   sub service area
58. Unstrutured Supplementary Service Data ( USSD) Solutions will work______________
    1.   When you download the related app
    2.   By dialing *99#
    3.   By dialing all toll free number of the concerned bank
    4.   By using phone call banking though M-PIN
59. Current accounts and Savings account are also known as _______________
    1.   Fixed Deposit
    2.   Demand Deposits
    3.   Term Deposits
    4.   All of the above
60. Those person who do not have any of the 'officialy valid documents' can open small accounts with banks where Balance in accounts should not be more than ______ at any point of the time.
    1.   Rs. 10000
    2.   Rs. 25000
    3.   Rs. 50000
    4.   Rs. 20000
61. What is the amount of Life-Insurance Cover available to account holder under PMJDY?
    1.   Rs. 10,000
    2.   Rs. 80,000
    3.   Rs. 50,000
    4.   Rs. 30,000
62. Which of the following person cannot act as a Banking Corresspondent?
    1.   Retired teachers
    2.   Govt. employees
    3.   Ex-serviceman
    4.   Insurance agents
63. Which one of the following is true in regard to Fixed Deposit Reciepts?
    1.   It is transferable like a cheque
    2.   It is negotiable instrument
    3.   it is payable only on its due date
    4.   it is payable at the branch of issue
64. SBI is a ____________
    1.   Private sector Bank
    2.   Co-operative Bank
    3.   Public sector Bank
    4.   Regional Rural Bank
65. If the present address is differenct that of printed on Aadhaar Card, then___________
    1.   Accounts cannot be opened under PMJDY
    2.   The account can still be opened under PMJDY on the basis of self certified of current address
    3.   Account can only be opened after updating address on Aadhaar card
    4.   Account can be opened in the name of other person in the family whose address is updated in Aadhaar card
66. BPL means ____________
    1.   Banana Plantation Loan
    2.   Bank Plan for Lending
    3.   Beyond Poerty Lines
    4.   Below Poverty Lines
67. Which one of the following deposits earns the maximum amount of interest to the depositer for one Year? ( Assume the equal amount of Deposit)
    1.   Fixed deposit With simple interest payable monthly
    2.   A Deposit with Quarterly compound interest
    3.   A fixed deposit with simple interest payable quarterly
    4.   All the above three deposits earn equal amount of interest
68. "DO'S and Don'ts " for BCs include______________
    1.   Maintenance of secrecy of the customer information
    2.   Non- indulgence in local politics
    3.   Function without affliation a particular caste or creed.
    4.   All of above
69. Which one of the following is an improvement under PMJDY for using mobile banking?
    1.   Customer can avail mobile banking service through a normal phone
    2.   SMS Initiated mobile banking is more secure than other modes banking
    3.   It replaces all existing channels of banking
    4.   None of the above
70. Under BF/BC model, KYC Compliance is the sole responsibilty of __________
    1.   BC's
    2.   BF's
    3.   Bank's Branches
    4.   Employees of BCs
71. Farmers Clubs are informal Forums at grass roots organized by
    1.   District level Authorities
    2.   Affluent farmer in the area Rural Branches of banks
    3.   Rural branches of banks
    4.   Business Correspondents
72. Which one of the following statements is correct regarding business correspondents (BC).
    1.   People can open account but can not make withdrawals from BC points
    2.   People cannot open account but make withdrawal from BC Points
    3.   People can open account and can make withdrawals from BC points
    4.   None of the above
73. Guidlines on KYC norms are issued by....
    1.   RBI
    2.   GOI
    3.   WORLD BANK
    4.   IMF
74. Non-performing Assets means a loan or an advance where ......
    1.   The account is regular and earns income for bank.
    2.   Interest and or installment of principal remains overdue for a period of more than 90 days.
    3.   Interest and or installment of principal remains overdue for a period up to 60 days.
    4.   None of the above.
75. Which of the following are the main reasons for customer complaints? (i) staff behavior and attitude (ii) Use of improper technology (iii) High bank charges and interest (iv) Indequate infrastructure.
    1.   (i), (ii) and (iii) only
    2.   (i), (ii) and (iv) only
    3.   (i), (iii) and (iv) only
    4.   (ii), (iii) and (iv) only
76. Which one of the following is correct regarding the security for the overdraft facility under PMJDY ?
    1.   Mortgage of house
    2.   Pledge of life policy
    3.   Charge on assets
    4.   No security
77. In banking transactions, a customer is generally recognized by his/her......
    1.   Signature on record with the bank
    2.   Photograph
    3.   Hand Writing
    4.   Voice
78. Which of the following can be a valid reason for complaint under the banking Ombudsman Scheme?
    1.   Non-acceptance of loan application due to credit history
    2.   Delay in sanction or disbursement due to internal reasons
    3.   Rejection of and application for project being unviable
    4.   Application of the revised interest rates as per RBI norms
79. Bank use_____ as a fesible and viable method of outeach in remote and unbanked centres.
    1.   ICT Kiosks.
    2.   Panchayats.
    3.   Co- operative Societies
    4.   Post Offices.
80. Pradhan Mantri Suraksha Bima Yojna is available to ...............
    1.   All depositors of the banks
    2.   Only the depositors who have opened accounts under PMJDY
    3.   Only persons living poverty line
    4.   All indidual bank account holders in the age of 18 to 70.
81. Your customer has deposited Rs. 20,000 for one year at 6% per annum with monthly compound interest which is invested in the account what would be maturity amount of this deposit ?
    1.   Rs. 21,000
    2.   Rs. 21,234
    3.   Rs. 21,250
    4.   Rs. 21,224
82. ATM means_______________
    1.   Automated Time Money
    2.   Automated Teller Machine
    3.   Any Teller Money
    4.   All Teller Machine
83. Which one the following statements describes the basis funtions of a bank ?
    1.   To lend money and to appoint recovery agents to recover it
    2.   To accept money in the form of deposits and to lend it for legitimate business purpose
    3.   To accept tax payments and to remit it to the goverments
    4.   To remit money on behalf of customers and to issue Demand Drafts.
84. Brown Lable ATMs are___________
    1.   Meant for blind persons only where key pad is on Brail methodology
    2.   Those where the operations are outsourced to a third party
    3.   Those where withdrawal can be made without any limit and it is meant for HNIs and business communties only
    4.   Meant only for coin dispensing
85. A Loan of Rs. One lakh has been grandted to a farmer under kisan credit card scheme. The bank will______
    1.   Hypothecate the crops
    2.   Take the third party guarntee to secure the loan
    3.   Take mortgage of agricultural land to secure the loan
    4.   Take pledge of gold ornaments to secure the loan
86. KCC means____________
    1.   Kisan Cash Card
    2.   Kisan Credit Card
    3.   Kisan Customer Card
    4.   Kisan Cash Credit
87. Which of the followings is not a direct benefit of linking of Aadhaar to the bank account of the customer?
    1.   Serves as identity and address proof to enable banking transactions
    2.   Bank accounts can be opened through the elctronic mode
    3.   Faciliates the quick processing and sanction of credit facilities
    4.   Enables credit of Govt. subsidy/benefit schemes directly to account
88. Which of the following are main objectives of Atal Pension Yojna ? (i) Aimed to organized sector (ii) inculcate habit of saving (iii) Provide social security (iv) Open to people of all ages
    1.   (i) and (ii) only
    2.   (ii) and (iii) only
    3.   (i), (ii) and (iii) only
    4.   (i), (iii) and (iv) only
89. Kiosk Banking is a _______ Enabled PC based system which can also be called......
    1.   Internet; Bank
    2.   Technology; Retails Outlet
    3.   Technically; Outsorucing
    4.   Internet; Mini-branch
90. Which one of the technologies is associated with "Anytime Anywhere" banking?
    1.   Foregin Banking Network
    2.   Private Banking Network
    3.   Systems Banking Space
    4.   Core Banking Solutions
91. If the PMJDY account - holder wishes to get cheque book, he/she.............
    1.   Will have to fulfill minimum balance criteria, if any, of the banks
    2.   Will not have to fulfill minimum balance requirement of the bank
    3.   Will have to convert PMJDY account into saving ban account
    4.   Will not get book as PMJDY account has no provision for that
92. When in Housing loans, banks offer lower EMI in the intial years and higher EMI in the later years, the concept is known as .......
    1.   Step down repayment
    2.   Variable EMI
    3.   Step up repayment
    4.   Adjusted loan
93. Do's for BF's include....(i) Maintain secrecy of the customer information (ii) Non- indulgence in local politics (iii) Caste Bias
    1.   Only (i) is correct
    2.   Only (ii) is correct
    3.   Only (i) and (ii) is correct
    4.   Only (iii) is correct
94. Which of the following type of transaction are supported by Micro- ATMs with BCs?
    1.   Deposit, Withdrawal, Funds Transfer and Balance Enquiry
    2.   Deposit, Funds Transfer, Lockers and Balance Enquiry
    3.   Deposit, Withdrawal, Funds Transfer and Loan Enquiry
    4.   Deposit, Lending, Funds Transfer and Balance Enquiry
95. Which of the following is an important feature of a saving bank deposit account in Banks?
    1.   Convenience of depositing
    2.   Easy to withdraw in times of need
    3.   Nomination facility
    4.   All of the above
96. _________ are the intermediaries though which banks reach out to rural poor in areas where they have no branches.
    1.   Debit Recovery agents
    2.   Business Correspondent Agents
    3.   Village Panchayats
    4.   None of the above