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Pedagogy MCQs Solved With Answers
1. PAN number is required for
A. Deposits less than Rs.50,000/-
B. Deposits in excess of Rs.1 lac
C. Deposits Rs.50,000/- & above (Answer)
D. All transactions
2. TDS means
A. Time Deposit Scheme
B. Total Deposit Scheme
C. Tax Deducted at Source (Answer)
D. None of above
3. Maximum amount of Cheque
A. Rs.100 crore
B. No limit (Answer)
C. Rs.1 crore
D. None of above
4. Bank draft is issued by
A. Private Sector Banks
B. Regional Rural Banks
C. Public Sector Banks
D. All of above (Answer)
5. Self Help Group involves
A. Group of 5 to 20 people
B. Regular saving habits
C. Inter-lending within the group members
D. All of above (Answer)
6. Payment of cheque can be stopped by
A. Beneficiary
B. Nominee
C. Drawer of cheque (Answer)
D. All of above
7. Account payee cheques can be paid
A. At cash counter of Bank
B. At ATM
C. By deposit in Bank account (Answer)
D. None of above
8. In Recurring Deposits
A. a fixed sum is deposited every month
B. period of deposit is a fixed tenure
C. interest is paid at FDR rate
D. All of above (Answer)
9. While making nomination, signature of nominee is required on
A. Account Opening Form
B. Nomination form
C. Affidavit
D. None of above (Answer)
10. Interest on Savings Bank Deposits is paid
A. Every month
B. Quarterly
C. Half yearly (Answer)
D. Yearly
