Dear Readers,
1-What is the primary objective of the Jan Dhan Yojana scheme launched by the Indian government?
A) Promoting digital payments
B) Providing access to financial services to all households
C) Encouraging foreign investment
D) Boosting agricultural exports
E) None of these
Answer: B
2-In the context of banking, what does 'CASA' stand for?
A) Current Account and Savings Account
B) Credit and Savings Association
C) Cash and Savings Authorization
D) Corporate and Savings Agreement
E) None of these
Answer: A
3-Who regulates and supervises the functioning of non-banking financial companies (NBFCs) in India?
A) RBI
B) SEBI
C) IRDAI
D) NABARD
E) None of these
Answer: A
4-What is the minimum and maximum tenure for a Fixed Deposit (FD) account in most banks?
A) Minimum: 3 months, Maximum: 5 years
B) Minimum: 6 months, Maximum: 10 years
C) Minimum: 1 year, Maximum: 15 years
D) Minimum: 2 years, Maximum: 20 years
E) None of these
Answer: B
5-Which Indian bank introduced the first credit card in the country?
A) ICICI Bank
B) HDFC Bank
C) State Bank of India
D) Axis Bank
E) None of these
Answer: C
6-What is the primary function of the Small Industries Development Bank of India (SIDBI)?
A) Regulating stock markets
B) Promoting small-scale industries and businesses
C) Managing foreign exchange reserves
D) Providing agricultural loans
E) None of these
Answer: B
7-Which committee is associated with recommending measures to strengthen digital payments in India?
A) Tendulkar Committee
B) Rangarajan Committee
C) Watal Committee
D) Narasimham Committee
E) None of these
Answer: C
8-What is the full form of 'IMPS' in the context of online banking?
A) Immediate Mobile Payment Service
B) Indian Money Payment System
C) Instant Money Processing Service
D) Interbank Mobile Payment System
E) None of these
Answer: D
9-Who is the current Chairman of the Securities and Exchange Board of India (SEBI)?
A) U K Sinha
B) Madhabi Puri Buch
C) Raghuram Rajan
D) Shaktikanta Das
E) None of these
Answer: B
10-Which Indian bank is known as the "Green Bank" due to its focus on sustainable and eco-friendly banking practices?
A) ICICI Bank
B) Axis Bank
C) Yes Bank
D) IDFC FIRST Bank
E) None of these
Answer: C
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MAHENDRA GURU