Banking and Financial Awareness - Online Test
Q1. One of the functions of Central Bank among the following is
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. Consider the following for the Atal pension Yojana?
1) This scheme is available for the Citizens of India in the age group of 18-40 years.
2) Government would co- contribute to each subscriber 50% or 1000 per annum, whichever is less. However, for this, Subscriber shouldn’t be a tax payer and also shouldn’t be covered under any social security scheme.
3) Only commercial banks are allowed to offer this scheme.
Code-
1) This scheme is available for the Citizens of India in the age group of 18-40 years.
2) Government would co- contribute to each subscriber 50% or 1000 per annum, whichever is less. However, for this, Subscriber shouldn’t be a tax payer and also shouldn’t be covered under any social security scheme.
3) Only commercial banks are allowed to offer this scheme.
Code-
Answer : Option A
Explaination / Solution:
Atal pension yojana which is available for the citizen of India, can even be offered by Small finance and payment banks along with Scheduled commercial bank.
Q3. One of the functions of commercial l banks among the following is
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. What does C4IR stands for?
Answer : Option D
Explaination / Solution:
C4IR denotes Centre for industrial revolution, and is the initiative of World Economic forum, in partnership with Reliance industries limited for promoting digital India and the digital India programme. This has been set up in Mumbai.
Q5. An economy based on barter system is also called as
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. What has been the Budget estimate of the fiscal deficit for the year 2018-19?
Answer : Option B
Explaination / Solution:
3.3% of the GDP has been set up as the budget estimate of the fiscal deficit for the year 2018-19. This increased in the target, as compared to 3.2% of last year, has been done to boast spending in the economy.
Q7. One of the primary functions of money is
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees:
Answer : Option C
Explaination / Solution:
In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees Rs. 1 lakh.
Note: In BSBDA account –
(1) the balance at any point of time does not exceed rupees: Rs. 50,000
(2) the withdrawals and transfers in a month does not exceed rupees: Ans: Rs. 10,000
Q9. One of the secondary functions of money is
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. In, CAR, what A stands for _____.
Answer : Option D
Explaination / Solution:
CAR stands for Capital Adequacy Ratio.
