Banking Awareness Questions and Answers | Online Quiz for Practice

46. Nomination once done can

1. Not be cancelled
2. Be cancelled
3. Not be changed
4. None of above

47. NRI means

1. Non Rural Individuals
2. Non Rural Immigrants
3. Non Resident Indian
4. None of above

48. PAN means

1. A kind of utensil
2. Primary Account Number
3. Permanent Account Number
4. None of above

49. PAN number is required for

1. Deposits less than Rs.50,000/-
2. Deposits in excess of Rs.1 lac
3. Deposits Rs.50,000/- & above
4. All transactions

50. Payment of cheque can be stopped by

1. Beneficiary
2. Nominee
3. Drawer of cheque
4. All of above

51. PMJDY LIC Insurance of Rs.30,000/- is available for first time accounts opened

1. On 15th August 2014
2. On 26th January 2015
3. Between 15th August 2014 and 26th January 2015
4. None of above

52. PPF means

1. Pension Planning Funds
2. Person having Pension Facilities
3. Public Provident Fund
4. Permanent Practitioners Forum

53. Self Help Group involves

1. Group of 5 to 20 people
2. Regular saving habits
3. Inter-lending within the group members
4. All of above

54. TDS means

1. Time Deposit Scheme
2. Total Deposit Scheme
3. Tax Deducted at Source
4. None of above

55. The safest place for keeping money

1. A pit dug in the ground
2. An iron box
3. Bank
4. Money lender

56. Timely repayment of loans results

1. Good reputation
2. No tension
3. Easily availability of loan in future
4. All of above

57. To whom Overdraft facility of Rs.5,000/- in PMJDY Account is available?

1. After 6 months of satisfactory conduct of account
2. One account per household
3. Customers in age group of 18-60 years
4. All of above

58. Under APY, fixed pension can be chosen from:

1. Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-
2. Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-, Rs.6,000/-
3. Rs.500/-, Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-
4. None of above

59. Under PMSBY, accidental death claim is available for:

1. Rs.1 lac
2. Rs.2 lac
3. Rs.3 lac
4. None of above

60. Under PMSBY, partial disability claim is available for:

1. Rs.50,000/-
2. Rs.1 lac
3. Rs.2 lac
4. None of above