BANKING AWARENESS MCQS PART 06

BANKING AWARENESS MCQS PART 06

1. The Headquarters of National Payments Corporation of India(NPCI) is ________
A. New Delhi       
B. Hyderabad       
C. Mumbai       
D. Chennai

2. Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________
A. Rs 25,000 crore and Rs.3,000 crore
B. Rs 20,000 crore and Rs.4,000 crore
C. Rs 15,000 crore and Rs.4,000 crore
D. Rs 20,000 crore and Rs.3,000 crore

3. Authorised capital of National Payments Corporation of India (NPCI) is _________ and paid up capital is _______
A. Rs 300 crore and Rs 100 crore
B. Rs 350 crore and Rs 50 crore
C. Rs 200 crore and Rs 100 crore
D. Rs 100 crore and Rs 50 crore

4. NABARD was set up with an initial capital of __________
A. 100 crore       
B. 200 crore       
C. 300 crore       
D. 500 crore

5. Minimum amount that can be invested in Kinas Vikas Patra(KVP) Certificate is _________
A. Rs.100           
B. Rs.200       
C. Rs.500       
D. Rs.1000

6. The amount invested in Kinas Vikas Patra(KVP) would get doubled in ________ months.
A. 100           
B. 105           
C. 110           
D. 115

7. The 5-year National saving certificate has the interest rate of _____________
A. 7.1%           
B. 7.2%       
C. 8.1%           
D. 8.2%

8. In National Savings Certificates, investment up to ________ per annum qualifies for IT Rebate under section 80C of Income Tax Act.
A. Rs.10 lakh       
B. Rs.2 lakh       
C. Rs.5 lakh       
D. Rs.1 lakh

9. A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____.
A. Rs. 500 and Rs 1.50 lakhs
B. Rs. 1000 and Rs 2.50 lakhs
C. Rs. 2000 and Rs 3.50 lakhs
D. Rs. 5000 and Rs 4.50 lakhs

10. The Public Provident Fund(PPF) has the interest rate of _____________
A. 7.1%           
B. 7.2%       
C. 8.1%           
D. 8.2%

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