Here are some MCQs on Various Saving Schemes and Products 1. Which of the following is NOT a type of savings account? a) High-yield savings account b) Certificate of deposit c) Money market account d) Checking account 2. A savings account typically offers: a) Higher interest rates than checking accounts b) Lower interest rates than … Read more
Here are some MCQs on Banking Ombudsman Scheme 1. Who is the final authority for appointing the Banking Ombudsman in India? a) Reserve Bank of India b) Ministry of Finance c) Securities and Exchange Board of India d) Indian Banks’ Association 2. Banking Ombudsman Scheme was first introduced in India in which year? a) 1982 … Read more
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
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
Here are some MCQs on Financial Inclusion 1. What is financial inclusion? a) Providing easy access to financial services to all individuals b) Excluding certain individuals from accessing financial services c) Providing financial services only to wealthy individuals 2. What is the goal of financial inclusion? a) To ensure that everyone has a bank account … Read more
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
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
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
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
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
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