BANKING AWARENESS MCQS PART 03

BANKING AWARENESS MCQS PART 03

1. The seed capital of Bharatiya Mahila Bank is ________
A. Rs.5000 crore       
B. Rs.1000 crore       
C. Rs.500 crore       
D. Rs.100 crore       
E. None of the above

2. Which of the following is an investment advisory discipline?
A. Corporate Industrial Finance       
B. Offshare Banking
C. Wholesale Banking               
D. Wealth Management
E. Trade Finance

3. Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both?
A. Balance of Payments
B. Value of the food grain stock of a country
C. Gross National Product
D. Gross National Income (GNI)
E. Total collection of Direct Taxes in a year

4. When there is a difference between all receipts and expenditure of the Government of India both capital and revenue it is called __________
A. Revenue Deficit       
B. Budgetary Deficit       
C. Zero Budgeting
D. Trade Gap       
E. Balance of Payment Problem

5. Lack of access to financial services is technically known as ______
A. Financial Instability       
B. Financial Stability       
C. Financial Inclusion
D. Financial Exclusion       
E. Poverty

6. Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth
A. Five years       
B. Four years       
C. Six years       
D. Eight years
E. Ten years

7. If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year.
A. Rs.50       
B. Rs.100       
C. Rs.25       
D. Rs.75   
E. Rs.125

8. In Sukanya Samriddhi Account, What is the maximum limit on number of deposits either in a month or in a Financial year?
A. 5       
B. 4           
C. 6       
D. 8       
E. No limit

9. Investment under senior citizen savings scheme qualifies for the benefit of __________ of the Income Tax Act, 1961.
A. Section 60C       
B. Section 70C       
C. Section 80C       
D. Section 90C
E. None of the Above

10. What is the maturity period for senior citizen savings scheme?
A. 3 years       
B. 5 years       
C. 2 years       
D. 5 years   
E. 4 years

Answer Keys:
1.B
2.D
3.A
4.B
5.D
6.E
7.A
8.E
9.C
10.B