1. Financial inclusion means provision of

    (A) financial services namely, payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the same

    (B) ration at affordable cost to persons not yet given the same

    (C) house at affordable cost to persons not yet given the same

    (D) food at affordable cost to persons not yet given the same

    (E) education at affordable cost to persons not yet given the same

2. Interest payable on savings bank accounts is.......

    (A) not regulated by RBI

    (B) regulated by Sate Governments

    (C) regulated by Central Government

    (D) regulated by RBI

    (E) regulated by Finance minister

3. Fixed deposits and recurring deposits are........

    (A) repayable after an agreed period

    (B) repayable on demand

    (C) not repayable

    (D) repayable after death of depositors

    (E) repayable on demand or after an agreed period as per bank's choice

4. Which of the following states became the first state in the country to launch RBI's e-payment system for commercial tax payers?

    (A) Andhra Pradesh    (B) Kerala

    (C) Gujarat                      (D) Maharashtra

    (E) Karnataka

5. When a bank returns a cheque unpaid, it is called 

    (A) payment of the cheque

    (B) drawing of the cheque

    (C) cancelling of the cheque

    (D) dishonor of the cheque

    (E) taking of the cheque

6. What type of loan is granted by banks for purchase of white goods?

    (A) Consumption loan

    (B) Mortgage loan

    (C) Consumer durables loan

    (D) Home loan

    (E) None of these

7. Largest shareholder (in percentage shareholding) of a nationalized bank is

    (A) RBI                              (B) NABARD

    (C) LICI                              (D) Govt. of India

    (E) IBA

8. What is money laundering?

    (A) Conversion of assets into cash

    (B) Conversion of Money which is illegally obtained

    (C) Conversion of cash into gold

    (D) Conversion of gold into cash

    (E) Conversion of gold with foreign currency

9. Which one of the following constitutes the largest percentage of Retail loans in India?

    (A) Auto loans                               (B) Personal loans

    (C) Personal overdrafts             (D) Consumer loans

    (E) Home loans

10. What is the maximum period for which domestic term deposits are normally accepted by banks in our country?

    (A) 3 years                      (B) 5 years

    (C) 7 years                       (D) 10 years

    (E) 12 years

Answer :

Q.           Ans.

1              A

2              D

3              B

4              E

5              D

6              C

7              D

8              B

9              E

10           D