Banking Awareness

Banking Awareness

ATMs

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Here are some MCQs on ATMs 1. What does ATM stand for? a. Automated Teller Machine b. Advanced Transaction Machine c. Automatic Transaction Module d. All-Time Money 2. Who is credited with inventing the ATM? a. John Shepherd-Barron b. James Goodfellow c. John McDonnell d. Sir George Cayley 3. Which country installed the world’s first … Read more

Self-Help Groups

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Here are some MCQs on Self-Help Groups 1. What is the purpose of a Self-Help Group (SHG) in the banking sector? a) To provide low-interest loans to its members b) To encourage financial inclusion and empowerment of women c) To promote savings habits among individuals d) All of the above 2. SHGs are an effective … Read more

Lead Bank Scheme

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Here are some MCQs on Lead Bank Scheme 1. Which agency started the Lead Bank Scheme in India? a) Reserve Bank of India b) Ministry of Finance c) Indian Banks’ Association d) NABARD 2. When was the Lead Bank Scheme implemented? a) 1965 b) 1970 c) 1980 d) 1990 3. The Lead Bank Scheme was … Read more

Payment of Pension to Government Pensioners

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Here are some MCQs on Payment of Pension to Government Pensioners 1. The payment of pension to government pensioners is governed by which act? a) Pension Act, 1871 b) Pension Act, 1972 c) Pension Act, 2004 d) Pension Act, 2019 2. The pension of a government employee is calculated based on which factor? a) Last … Read more

Credit to Micro, Small and Medium Enterprises

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Here are some MCQs on Credit to Micro, Small and Medium Enterprises 1. What is the maximum loan amount that can be availed by micro enterprises under the Credit to Micro, Small and Medium Enterprises scheme? a) Rs. 5 lakh b) Rs. 10 lakh c) Rs. 20 lakh d) Rs. 50 lakh 2. Which bank … Read more

Micro Credit and Micro Finance

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Here are some MCQs on Micro-Credit and Micro-Finance 1. What is the main objective of micro-credit? a) To provide small loans to low-income individuals b) To promote economic development in rural areas c) To alleviate poverty through financial inclusion d) All of the above 2. Which organization is known for pioneering micro-credit initiatives? a) World … Read more

Debit Cards & Credit Cards

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Here are some MCQs on Debit Cards & Credit Cards 1. Which of the following is a characteristic of a debit card? a) It allows users to borrow money b) It is linked to a credit line c) It deducts funds directly from a bank account d) It charges interest on purchases 2. What is … Read more

Lending Risks and Non-performing Assets

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Here are some MCQs on Lending Risks and Non-performing Assets 1. What is a non-performing asset (NPA)? a) An asset that is not performing well b) An asset that has defaulted in payments for more than 90 days c) An asset that has been sold to a non-financial institution d) An asset that has no … Read more

Lending Operations

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Here are some MCQs on Lending Operations 1. Which of the following is NOT a type of lending operation? a) Mortgage loans b) Personal loans c) Equity investments d) Business loans 2. Which of the following parties is NOT involved in a lending operation? a) Lender b) Borrower c) Regulator d) Auditor 3. What is … Read more

IMPORTANT EXAMS

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