Banking General Awareness Financial Institutions in India Question Bank

done Practice Questions - Financial Inclusion Total Questions - 40

• question_answer1)
  Which of the following banking concepts emphasizes on the delivery of banking services at an affordable cost?
  A)
   Social Banking done clear
  B)
   Mass Banking done clear
  C)
   Financial Inclusion done clear
  D)
   None of these done clear
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• question_answer2)
  Financial inclusion creates a platform for
  A)
   money saving done clear
  B)
   providing formal credit avenues done clear
  C)
   promoting transparency in public subsidies and welfare programmes done clear
  D)
   All of the above done clear
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• question_answer3)
  Which of the following promote(s) financial inclusion?
  A)
   Business correspondent mechanism done clear
  B)
   No-frills accounts done clear
  C)
   Lead Bank Schemes done clear
  D)
   All of the above done clear
  E)
   None of these done clear
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• question_answer4)
  Which of the following types of bank accounts provides a low-cost access to customers?
  A)
   No-frills accounts done clear
  B)
   Savings account done clear
  C)
   Current Accounts done clear
  D)
   Both [b] and [c] done clear
  E)
   None of these done clear
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• question_answer5)
  Cheque book can be issued on a Kisan Credit Card Account if the loan amount is above
  A)
   Rs. 25,000                    done clear
  B)
   Rs. 50,000 done clear
  C)
   Rs. 1,00,000                 done clear
  D)
   Rs. 75,000 done clear
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• question_answer6)
  With reference to India, consider the following

  1. Lead Bank Scheme

  2. No-frills accounts

  3. Differential Rate of Interest scheme

  4. Teaser loans

  Which of the above can be considered as steps taken to achieve "financial inclusion" in India?
  A)
   1, 3, 4                          done clear
  B)
   2, 3, 4 done clear
  C)
   3, 4                              done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer7)
  Which of the following cities was/were exempted from the Lead Bank Scheme?
  A)
   Delhi                            done clear
  B)
   Mumbai done clear
  C)
   Varanasi           done clear
  D)
   both [a] and [b] done clear
  E)
   None of these done clear
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• question_answer8)
  Which of the following statements is/are correct about Local Area Banks?

  I. They will be allowed to perform all functions of a scheduled commercial bank.

  II. They are likely to have a capital adequacy ratio higher than 15% to offset business risk.

  A)
   I only done clear
  B)
   II only done clear
  C)
   Both I and II done clear
  D)
   None of these done clear
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• question_answer9)
  Which of the following statements is/are correct about Swabhiman scheme?

  I. It focuses on the opening of bank accounts in rural areas.

  II. Banks to operate in areas with population of more than 1600 in plain areas and 1000 in north-eastern and hilly states.

  A)
   I only done clear
  B)
   II only done clear
  C)
   Both I and II done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer10)
  Which of the following sectors is/are eligible for Interest Subvention Scheme?
  A)
   Textile                          done clear
  B)
   Automobile done clear
  C)
   Agriculture        done clear
  D)
   Both [a] and [c] done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer11)
  Priority sector lending focuses on which of the following sectors?
  A)
   Education done clear
  B)
   Agriculture done clear
  C)
   Small scale industries done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer12)
  What amount can be availed as housing loans in metro cities under priority sector lending?
  A)
   Rs. 28 lakh                    done clear
  B)
   Rs. 20 lakh done clear
  C)
   Rs. 15 lakh                    done clear
  D)
   Rs. 10 lakh done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer13)
  Which of the following programmes aims at promoting savings among rural women?
  A)
   Rashtriya Mahila Kosh done clear
  B)
   Mahila Samriddhi Yojna done clear
  C)
   Indira Manila Ypjna done clear
  D)
   Jawahar Rozgar Yojna done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer14)
  Which of the following is not a feature of the Pradhan Mantri Jan Dhan Yojana?
  A)
   No provision of minimum balance accounts done clear
  B)
   Accidental insurance cover of Rs. 3 lakh done clear
  C)
   Issuance of RuPay debit cards done clear
  D)
   All of the above done clear
  E)
   None of these done clear
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• question_answer15)
  What is the full form of NUUP?
  A)
   National Unique USSD Platform done clear
  B)
   National Unified USSD Platform done clear
  C)
   National Uniform USSD Platform done clear
  D)
   National Umbrella USSD Platform done clear
  E)
   None of these done clear
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• question_answer16)
  Which of the following statements is/are correct about Basic Savings Bank Deposit Account?

  I. It has been introduced by RBI with an aim to promote financial inclusion.

  II. It allows opening of a bank account with Rs. 500 as minimum balance.

  III. All the existing 'No-frills' accounts opened by the banks are converted into BSBDA.

  A)
   I only                           done clear
  B)
   I and III done clear
  C)
   II and III           done clear
  D)
   I, II and III done clear
  E)
   None of these done clear
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• question_answer17)
  Khan Commission was set up in 2004 to
  A)
   review monetary policy done clear
  B)
   introduce loan schemes done clear
  C)
   prepare report on financial inclusion done clear
  D)
   review the financial status of public sector banks done clear
  E)
   None of these done clear
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• question_answer18)
  Committee on Financial Inclusion headed by Dr. C. Rangarajan was set up in
  A)
   2004 done clear
  B)
   2006 done clear
  C)
   2009 done clear
  D)
   2002 done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer19)
  Which of the following committees suggested initiatives on Medium-term Path on Financial Inclusion?
  A)
   R. Gandhi Committee done clear
  B)
   Deepak Mohanty Committee done clear
  C)
   Usha Thorat Committee done clear
  D)
   Nachiket Mor Committee done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer20)
  According to Nachiket Mor Committee, every adult should have bank account by
  A)
   2016                            done clear
  B)
   2017 done clear
  C)
   2018                            done clear
  D)
   2020 done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer21)
  What is/are the main reason(s) for the lack of financial inclusion in India?
  A)
   Inability to provide collateral security done clear
  B)
   Poor credit absorption capacity done clear
  C)
   Inadequate reach of the institutions done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer22)
  Which of the following statements is/are correct about National Rural Financial Inclusion Plan?

  I. It focuses on providing credit to at least 50% of financially excluded households.

  II. Commercial Banks and Regional Rural Banks have been selected for the implementation of the plan.

  A)
   I only done clear
  B)
   II only done clear
  C)
   Both I and II done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer23)
  How many 'Basic Savings Bank Deposit Accounts (BSBDA)' can be opened by an individual?
  A)
   One                             done clear
  B)
   Three done clear
  C)
   Two                             done clear
  D)
   Four done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer24)
  Which of the following is promoted through   National   Unified   USSD Platform?
  A)
   Mobile banking done clear
  B)
   Net banking done clear
  C)
   Credit cards distribution done clear
  D)
   Cyber security done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer25)
  Which of the following is/are eligible for priority sector lending in the agricultural sector?
  A)
   Farm credit done clear
  B)
   Agriculture infrastructure done clear
  C)
   Ancillary activities done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer26)
  Kisan Credit Cards are an effective way of reaching out to the farmers by the banks. What assistance does a farmer receive in this way?
  A)
   Credit facility for crops against an approved limit done clear
  B)
   Short-term credit facility against value of his crops done clear
  C)
   Long-term credit is provided against his land holdings done clear
  D)
   Loan is permissible against crops sold/ but payment yet to be received by the farmer done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer27)
  Which of the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund?
  A)
   Government of India, NABARD and RBI done clear
  B)
   NABARD, UTI and RBI done clear
  C)
   SIDBL Government of India and IDBI Bank done clear
  D)
   SIDBI, NABARD and UTI done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer28)
  Which of the following statements is/are correct about Aadhar Payment Bridge?

  I. It ensures financial inclusion.

  II. It aims at credit disbursements based on UID number.

  A)
   I only                           done clear
  B)
   II only done clear
  C)
   Both I and II done clear
  D)
   None of these done clear
  View Solution play_arrow

• question_answer29)
  Which of the following was/were recommended by the Nachiket Mor Committee?

  I. Providing a universal bank account to all Indians above the age of 18 years by January 1, 2016

  II. Establishing wholesale banks for credit outreach

  III. Adjusting 50 per cent priority sector lending target with adjustments for sectors and regions based on difficulty in lending

  IV. Allowing differentiated licensees for banks

  A)
   II only done clear
  B)
   I and IV done clear
  C)
   I, II and III done clear
  D)
   I, II, III and IV done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer30)
  Which of the following is impacted by life cover to GDP ratio?
  A)
   Meaningful Financial Inclusion done clear
  B)
   Loan Disbursement done clear
  C)
   Inflation done clear
  D)
   Deflation done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer31)
  In financial inclusion, business correspondent scheme is also a part of it. Which of the following services is/are provided by the business correspondent scheme?
  A)
   Disbursal of small credit only done clear
  B)
   Cash deposit done clear
  C)
   Recovery of loan done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer32)
  Which of the following committees has given its recommendations on financial inclusions?
  A)
   Rakesh Mohan committee done clear
  B)
   Rangarajan committee done clear
  C)
   Sinha committee done clear
  D)
   Gadgil committee done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer33)
  Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign assets freely at market determined exchange rates?
  A)
   Capital account convertibility done clear
  B)
   Financial deficit management done clear
  C)
   Minimum support price done clear
  D)
   Restrictive trade practices done clear
  E)
   None of these   done clear
  View Solution play_arrow

• question_answer34)
  Which of the following efforts fall under Financial Inclusion Plan (FIP) of RBI/ government?
  A)
   Nationalization of banks done clear
  B)
   Priority Sector Lending (PSL) targets done clear
  C)
   Zero balance accounts, like BSBDA, Jan-Dhan Account, Small Account done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer35)
  According to the new proposal on priority sector lending, what sub-target is to be created for Micro Enterprises in India?
  A)
   7%                               done clear
  B)
   7.5% done clear
  C)
   8%                               done clear
  D)
   8.5% done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer36)
  Which of the following committees recommended religion and caste as new below poverty line (BPL) criteria?
  A)
   N C Saxena Committee done clear
  B)
   C Rangarajan Committee done clear
  C)
   Kelkar Committee done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer37)
  RBI encourages provision of affordable financial services like
  A)
   zero-balance done clear
  B)
   no-frills bank accounts done clear
  C)
   access to payments and remittance facilities done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer38)
  The Reserve Bank of India established which of the following boards to encourage transparency in lending and fair pricing
  A)
   Securities and Exchange Board of India done clear
  B)
   Lending Standards Board done clear
  C)
   Banking Codes and Standards Board of India done clear
  D)
   Banks Board Bureau done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer39)
  Loans of very small amounts given to low income groups are called
  A)
   Cash credit done clear
  B)
   Simple overdraft done clear
  C)
   No-frills loans done clear
  D)
   All of the above done clear
  E)
   None of these done clear
  View Solution play_arrow

• question_answer40)
  Which of the following focus areas is monitored by the Bank Board Bureau?
  A)
   Forming strict norms to stop NPA done clear
  B)
   Implementation of BASEL norms on banking done clear
  C)
   Appointment of top bank personal done clear
  D)
   Attract financial inclusion plan done clear
  E)
   None of these       done clear
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