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Bank Loan Insurance Question And Answer MCQs Solved With Answers
1. Mutilated notes
A. should be burnt away
B. should be thrown away
C. can be exchanged at Bank (Answer)
D. None of above
2. ATM can be used for
A. Cash withdrawal
B. Account enquiry
C. Statement of account
D. All of above (Answer)
3. Upon detection of a counterfeit note at the counter, Bank
A. Returns the note to the customer
B. Exchange with a genuine Note
C. Deposit in Account
D. Impound the Note and issue receipt (Answer)
4. Fixed Deposit can
A. not be withdrawn before maturity
B. paid only after maturity
C. withdrawn before maturity (Answer)
D. All of above
5. Interest on FDRs is compounded on
A. Monthly basis
B. Quarterly basis (Answer)
C. Half yearly basis
D. Yearly basis
6. Contents of locker are
A. only known to hirer (Answer)
B. known to Bank
C. Both A & B
D. None of above
7. If locker rent is not paid, Bank can
A. seal the locker
B. stop operation of locker
C. break open the locker after giving suitable notice
D. All of above (Answer)
8. MGNREGS stands for
A. Mahatma Gandhi National Rural Employment Generation Scheme
B. Mahatma Gandhi Nutrition & Rural Employment Generation Scheme
C. Mahatma Gandhi National Rural Employment Guarantee Scheme (Answer)
D. None of above
9. Maximum tenure of Fixed Deposit is
A. 5 years
B. 7 years
C. 8 years
D. 10 years (Answer)
10. What is RuPay Debit Card ?
A. Domestic debit card
B. Introduced by National Payments Corporation of India
C. Accepted at all ATMs & PoS machines
D. All of above (Answer)
