1. CRR funds are kept by the Banks in.........?
(1) Cash in hands at branches
(2) Balance with other banks
(3) Balance in a special accounts with RBI
(4) Funds in the currency chest
Ans-3
2. India's first indigenous payment gateway is ..........?
(1) India Expenditure (2) India Payment
(3) India Challan (4) India Pay
Ans-4
3. The interest on recurring deposit is paid on the basis of ?
(1) Simple interest calculated monthly basis
(2) Simple interest on monthly product basis
(3) Quarterly compounding
(4) Interest calculated on daily product basis
Ans-3
4. Which of the following is not an imperfect note?
(1) Wahsed note (2) Bleached note
(3) Multilated note (4) Oiled note
Ans-3
5. When bank accept a fixed sum of money from an individual for a definite term and pay on maturity with interest, the deposit is known as.....?
(1) Term deposit (2) Demand Deposit
(3) Bond (4) Mortgage
Ans-1
6. Issuing credit cards is a component of?
(1) Corporate Banking (2) Rural banking
(3) Retail Banking (4) Micro finace
Ans-3
7. Certificate of deposits have a minimum value of......?
(1) Rs 1 lakh (2) Rs 10 Lakh
(3) Rs 25 lakh (4) Rs 1 crore
Ans-1
8. CAPART is associated with which of the following?
(1) Energy sector (2) Rural Developemnt
(3) Infrastructure (4) Foreign trade
Ans- 2
9. A loan bearing low rate of interest is known as ........?
(1) Hard loan (2) Soft loan
(3) Capital Loan (4) Real Loan
Ans-2
10.When the loan is guaranteed for purchase of white goods it is called......?
(1) White goods loan
(2) Consumer durable loan
(3) Business loan
(4) Consumption loan
Ans-2
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