Unique Computer Education-Ronak Gupta

Question 1

What is RuPay Debit Card ?

(A) Domestic debit card

(B) Introduced by National Payments Corporation of

(C) Accepted at all ATMs & PoS machines

(D) All of above

Question 2

ATM can be used for

(A) Cash withdrawal

(B) Account enquiry

(C) Statement of account

(D) All of above

Question 3

How much rupees can a person remit in 1 day by USSSD ?

(A) 10000

(B) 5000

(C) 15000

(D) 25000

Question 4

UPI payment interface Developed by

(A) National Payments Corporation of India

(B) Finance mini

(C) Bank

(D) None of above

Question 5

What does the bank take interest on ?

(A) Saving Account

(B) Fix Deposit

(C) Current Account

(D) Loan

Question 6

What is the full form of KYC ?

(A) Keep your customers cool

(B) Keep your cool

(C) Know your customers

(D) Know your credit

Question 7

Bank having maximum number of branches in India

(A) Reserve Bank of India

(B) State Bank of India

(C) Punjab National Bank

(D) Bank of Baroda

Question 8

While making nomination, signature of nominee is required on

(A) Account Opening Form

(B) Nomination form

(C) Affidavit

(D) None of above

Question 9

Interest on Savings Bank Deposits is paid

(A) Every month

(B) Quarterly

(C) Half yearly

(D) Yearly

Question 10

Maximum tenure of Fixed Deposit is

(A) 5 years

(B) 7 years

(C) 8 years

(D) 10 years

Question 11

AEPS stand for

(A) Aadhaar Enabled Payment System

(B) Auto Enabled Payment System

(C) Aadhaar Enabled Payment Service

(D) Aadhaar Enabled Pay Service

Question 12

In Recurring Deposits,

(A) a fixed sum is deposited every month

(B) period of deposit is a fixed tenure

(C) interest is paid at FDR rate

(D) All of above

Question 13

Can a nominee be added to a bank account ?

(A) Fixed deposit account

(B) Recurring Deposit Account

(C) Savings bank account

(D) All of the above

Question 14

NEFT stands for

(A) National Electric Fund Transfer

(B) National Electronic Fund Transfer

(C) National Electrical Fund Transfer

(D) None of Above

Question 15

Who should tell ATM password only

(A) Spouse

(B) Obedient son

(C) Obedient daughter

(D) None of the above

Question 16

What is restricted in currency notes ?

(A) Political message

(B) Religious message

(C) personal message

(D) All of the above

Question 17

What is Aadhar ?

(A) 12 Digit Number

(B) Identity Card

(C) 12 Digit Number and Identity Card

(D) None of these

Question 18

Upon detection of a counterfeit note at the counter, Bank

(A) Returns the note to the customer

(B) Exchange with a genuine Note

(C) Deposit in Account

(D) Impound the Note and issue receipt

Question 19

Currency notes are issued by

(A) RBI

(B) NABARD

(C) Public sector banks

(D) Central Government

Question 20

Meaning of life insurance

(A) Human insurance

(B) Life insurance of human and animal

(C) Machine insurance

(D) All of the above

Question 21

Self Help Group involves

(A) Group of 5 to 20 people

(B) Regular saving habits

(C) Inter-lending within the group members

(D) All of above

Question 22

PAN means

(A) A kind of utensil

(B) Primary Account Number

(C) Permanent Account Number

(D) None of above

Question 23

100/- Rupee note is signed by

(A) Prime Minister

(B) Finance Minister

(C) RBI Governor

(D) None of above

Question 24

Payment of cheque can be stopped by

(A) Beneficiary

(B) Nominee

(C) Drawer of cheque

(D) All of above

Question 25

Which is prohibited for writing on currency notes ?

(A) Political message

(B) Religious message

(C) Personal message

(D) All of above

Question 26

Contents of locker are

(A) only known to hirer

(B) known to Bank

(C) Both (a) & (b)

(D) None of above

Question 27

Things kept in the locker

(A) Only the locker holder knows

(B) The bank knows

(C) Both (A) and (B)

(D) None of the above

Question 28

Maximum amount of Cheque

(A) Rs.100 crore

(B) No limit

(C) Rs.1 crore

(D) None of above

Question 29

ATM means

(A) Any Time Money

(B) Auto Truck of Mahindra

(C) Automated Teller Machine

(D) None of above

Question 30

If locker rent is not paid, Bank can

(A) seal the locker

(B) stop operation of locker

(C) break open the locker after giving suitable no

(D) All of above

Question 31

RTGS stands for

(A) Real Time Gross Sale

(B) Real Time Gross Settlement

(C) Real Time Growth Settlement

(D) Real Time Group Service

Question 32

Mutilated notes

(A) should be burnt away

(B) should be thrown away

(C) can be exchanged at Bank

(D) None of above

Question 33

The minimum age required for the APY Pension is ?

(A) 50

(B) 55

(C) 60

(D) 65

Question 34

Coins are issued by

(A) Government of India

(B) NABARD

(C) Public sector banks

(D) State Bank of India

Question 35

Which currency note has security thread ?

(A) Rs 5

(B) Rs 10

(C) Rs 50

(D) Rs 100

Question 36

General Insurance relates to insurance against

(A) Fire

(B) Theft

(C) Burglary

(D) All of above

Question 37

PPF means

(A) Pension Planning Funds

(B) Person having Pension Facilities

(C) Public Provident Fund

(D) Permanent Practitioners Forum

Question 38

What is Atal Pension Yojana (APY) ?

(A) Provides social security to the unorganized se

(B) Encourages workers to voluntarily save for the

(C) Fixed pension is paid on attaining age of 60 y

(D) All of above

Question 39

IMPS stands for

(A) Immediate Payment Service

(B) Internet Payment Service

(C) Internet Pay Service

(D) Internet Media Payment Service

Question 40

What is Pradhan Mantri Suraksha Bima Yojana (PMSBY) ?

(A) Accidental insurance cover

(B) Life insurance cover

(C) Overdraft up to Rs.5,000/-

(D) None of above

Question 41

Internet banking means

(A) Account Operation by Internet

(B) Account opened through ATM

(C) Both (a) and (b)

(D) None of the above

Question 42

In which year NEFT services has started

(A) 2005

(B) 2002

(D) 2006

Question 43

USSD stands for

(A) User Sale Service Data

(B) User Supplementary Service Data

(C) Unstructured Supplementary Service Data

(D) Unique Supplementary Service Data

Question 44

Business Correspondent means

(A) An agent who provides banking services

(B) An agent of business house

(C) A type of money lender

(D) None of above

Question 45

KYC means

(A) Know your customer

(B) Know your character

(C) Both of above

(D) None of above

Question 46

Which is the maximum value note issued by RBI?

(A) ₹ 1000 note

(B) ₹ 2000 note

(C) ₹ 5000 note

(D) ₹ 10000 note

Question 47

Which type of deposits earns higher interest rate

(A) Current account

(B) Fixed deposits

(C) Saving account

(D) None of These

Question 48

PAN number is required for

(A) Deposits less than Rs.50,000/-

(B) Deposits in excess of Rs.1 lac

(C) Deposits Rs.50,000/- & above

(D) All transactions

Question 49

Education Loans

(A) Cover tuition fee & expenses

(B) Are repayable after completion of course

(C) Granted for studies in India & abroad

(D) All of above

Question 50

We should keep our savings with banks because

(A) It is safe

(B) Earns interest

(C) Can be withdrawn anytime

(D) All of above

Question 51

What is the full form of PIN ?

(A) Personal Identification Number

(B) Prusent Identification Number

(C) Personal Identification Name

(D) None of these

Question 52

General insurance is related to which insurance

(A) The fire

(B) Theft

(C) Bump

(D) All of the above

Question 53

What is the minimum amount required for opening a Basic Savings Bank Account ?

(A) Rs. 100/-

(B) No Minimum Amount Required

(C) Rs. 1000/-

(D) Rs. 500/-

Question 54

QR code stand for

(A) Quick Response code

(B) Quick Result code

(C) Quick Restore

(D) None of above

Question 55

Bank does not give loan against

(A) Gold Ornaments

(C) Lottery ticket

(D) NSC

Question 56

Under PMSBY, accidental death claim is available for:

(A) Rs.1 lac

(B) Rs.2 lac

(C) Rs.3 lac

(D) None of above

Question 57

Loans from money lenders are

(A) With High rate of interest

(B) No proper accounting

(C) No transparency

(D) All of above

Question 58

Who can open bank account

(A) Indian citizen

(B) Non Resident Indian

(C) Illiterate

(D) All of above

Question 59

ATM Means.

(A) Any time money

(B) Auto truck of Mahindra

(C) Automated Teller Machine

(D) None of above

Question 60

Defaulter of loan means

(A) Not paying loan instalments

(B) Bad reputation

(C) Illegal activities

(D) None of above

Question 61

Which type of deposits earns higher interest rate?

(A) Current account

(B) Savings Account

(D) None of above

Question 62

What is Direct Benefit Transfer ?

(A) Cash discount on goods

(B) Remittance through Banks

(C) Transfer of social benefits / subsidies direct

(D) None of above

Question 63

What is Rupay Card ?

(A) Plastic Card

(B) ATM card

(C) Debit Card

(D) Both B and C

Question 64

Account payee cheques can be paid

(A) At cash counter of Bank

(B) At ATM

(C) By deposit in Bank account

(D) None of above

Question 65

Minimum age required to open SB account in the bank

(A) 8 years

(B) 10 years

(C) 12 years

(D) None of above

Question 66

Bank provides loans for

(A) Home

(B) Car

(C) Education

(D) All of above

Question 67

MGNREGS stands for

(A) Mahatma Gandhi National Rural Employment Gener

(B) Mahatma Gandhi Nutrition & Rural Employment Ge

(C) Mahatma Gandhi National Rural Employment Guara

(D) None of above

Question 68

Bank draft is issued by

(A) Private Sector Banks

(B) Regional Rural Banks

(C) Public Sector Banks

(D) All of above

Question 69

What is the maximum amount that can be remitted by AEPS ?

(A) 5000

(B) 50000

(C) 100000

(D) 10000

Question 70

What is a Rupay debit card ?

(A) Home debit card

(B) Started by Indian National Payment Corporation

(C) Accepted by All ATMs and POS machines

(D) All of the above

Question 71

Payment Gateway refers to

(A) a merchant service authorizing payments for e-

(B) a merchant service to resolve financial disput

(C) networking switch at a bank/financial institut

(D) None of the Above

Question 72

E or S means

(A) East or South zone

(B) Easy and Swift

(C) Either or Survivor

(D) None of above

Question 73

Bank lends

(A) House

(B) car

(C) Education

(D) All of the above

Question 74

Aadhar is-

(A) 12 digit number card

(B) None of the options

(C) Both 12 digit number card & Identity proof iss

(D) Identity proof issued by UIDAI

Question 75

PMSBY has Accidental Sum Insured

(A) 50,000

(B) 1 Lakh

(C) 2 Lakh

(D) 3 Lakh

Question 76

What is meant by Aadhaar seeding ?

(A) Linking of Aadhaar with Bank account

(B) Duplicate issuance of Aadhaar

(C) Transfer of Aadhaar

(D) None of above

Question 77

Bank charges interest on

(A) Deposits

(B) Loans

(C) Both (a) & (b)

(D) None of above

Question 78

Banks pays interest on

(A) Deposits

(B) Loans

(C) Both (a) & (b)

(D) None of above

Question 79

What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY) ?

(A) Covers life insurance up to Rs.2 lac

(B) Accident insurance cover

(C) Both (a) & (b)

(D) None of above

Question 80

Nomination can be done in

(A) Savings Bank account

(B) Recurring Deposit account

(C) Fixed Deposit account

(D) All of above

Question 81

What is the maximum amount of deposits acceptable in Small accounts ?

(A) 30,000/-

(B) 40,000/-

(C) 50,000/-

(D) 1,00,000/-

Question 82

ATM password should be kept in

(A) Personal diary

(B) Office diary

(C) Memory

(D) All of above

Question 83

What is Direct Benefit Transfer (DBT) ?

(A) Cash discount on items

(B) Remittances through banks

(C) Direct Benefit Transfer of beneficiaries of So

(D) None of the these

Question 84

Nomination once done can

(A) Not be cancelled

(B) Be cancelled

(C) Not be changed

(D) None of above

Question 85

Who is Bank Mitra ?

(A) Banking Correspondents engaged by Banks

(B) Valuable customer of Bank

(C) Security guard in a branch

(D) None of above

Question 86

What means by PAN

(A) A type of utensil

(B) Primary account number

(C) Permanent Account Number

(D) None of the these

Question 87

The safest place for keeping money

(A) A pit dug in the ground

(B) An iron box

(C) Bank

(D) Money lender

Question 88

What are the benefits attached to PMJDY ?

(A) Accident insurance cover of Rs.1.00 lac

(B) Life insurance cover of Rs.30,000/

(C) Overdraft facility up to Rs.5,000/-

(D) All of above

Question 89

Internet banking refers to

(A) Operation of account through internet

(B) Opening of account through ATM

(C) Both (a) & (b)

(D) None of above

Question 90

Who can open an account under PMJDY Scheme ?

(A) person who is more than 10 years

(B) House wife

(C) Only head of the family

(D) All of the above

Question 91

Can illiterate person be issued Debit card ?

(A) No

(B) Yes

(C) Only in case of joint account

(D) Only in case he is head of family

Question 92

Full Form of PRA is ?

(A) Permanent Rate Access

(B) Primary Rate Access

(C) Primary Rate Apply

(D) Personal Rate Access

Question 93

Who can open an account under PMJDY ?

(A) Minor above the age of 10 years

(B) Only lady of the house

(C) Only head of the family

(D) All of above

Question 94

What is the result of repayment of loans from time to time ?

(A) Good credit

(B) No worries

(C) Easy credit in the future

(D) All of the above

Question 95

NRI means

(A) Non Rural Individuals

(B) Non Rural Immigrants

(C) Non Resident Indian

(D) None of above

Question 96

Bank does not provide loans for

(A) Crop loans

(B) Education loans

(C) Home loans

(D) Drinking & Gambling

Question 97

UPI stands for

(A) User Payment Interface

(B) Unified Payment Interface

(C) Unique Payment Interface

(D) Universal Payment Interface

Question 98

What is validity period of cheque ?

(A) 4 months from date of issue

(B) 3 months from date of issue

(C) 1 month from date of issue

(D) Unlimited

Question 99

Bank passbook

(A) Is issued by the bank

(B) Details of bank account transactions

(C) Shows the balance of the account

(D) All of the above

Question 100

Use of ATMs

(A) Cash withdrawal

(B) Account inquiries

(C) Account Description

(D) All of the above