We have made a quiz on types of banking. This a part of Fundamentals of Banking in short FUBG. This a group quiz.

2. 30 seconds time for each question.
1)
5 marks for direct answer.
2)
3 marks for indirect answer.
3)
5 question/group and 5 round
4)
No excuses will granted for delay answer
5)

3. 1. What is not the liability of Bank?
Savings A/C
A)
Current A/C
B)
Recurring Deposit
C)
Home Loan
D)
Answer : Option ‘D’

4. 2. What is the minimum tenure of term
deposit?
1 year
A)
10 year
B)
6 month
C)
7 days
D)
Answer : Option ‘D’

5. 3. How many types of savings accounts
bank normally offers?
1
A)
2
B)
3
C)
4
A)
Answer : Option ‘C’

6. 4. ‘Basic Saving Bank Account Deposit’ – is the full
form of BSBDA A/C.
True False
Answer : ‘False’

7. 5. What is the minimum required age to open
Savings account?
10 year
A)
16 year
B)
21year
C)
18year
D)
Answer : Option ‘A’

8. 6. KYC documents are required to open
BSBDA small account.
True False
Answer : ‘False’

9. 7. In BSBDA account total credit can exceed 1 lakh
rupees in a year?
True False
Answer : ‘False’

10. 8. NRE & FCNR accounts are not taxable.
True False
Answer : ‘True’

11. 09. What is the full form of FCNR account?
Foreign Currency Non
Resident
A)
France Currency Non
Resident
B)
Foreign Capital Non
Resident
C)
Foreign Currency Resident
D)
Answer : Option ‘A’

12. 10. In Recurring Deposits
a fixed sum is deposited
every month
A)
Interest is paid at FDR
rate
B)
period of deposit is a fixed
tenure
C)
All the above
D)
Answer : Option ‘D’

13. 11. NRI means
Non Rural Individuals
A)
Non Resident India
B)
Non Rural Immigrants
C)
None of above
D)
Answer : Option ‘B’

14. 12. KYC means
Know Your Customer
A)
Both A &B
B)
Know your character
C)
None of above
D)
Answer : Option ‘A’

15. 13. Which type of deposits earns higher interest
rate
Current account
A)
Fixed Deposits
B)
Savings Account
C)
None of above
D)
Answer : Option ‘B’

16. 14. What is the minimum deposit required while
opening a BSBD Account?
Rs.100/-
A)
No minimum deposit
required
B)
Rs.1,000/-
C)
Rs.500/-
D)
Answer : Option ‘B’

17. 15. Maximum tenure of Fixed Deposit is
5 years
A)
08 years
B)
7 years
C)
10 years
D)
Answer : Option ‘D’

18. 16. Fixed Deposit can
not be withdrawn
before maturity
A)
withdrawn before
maturity
B)
paid only after maturity
C)
All of above
D)
Answer : Option ‘B’

19. 17. PAN number is required for
Deposits less than
Rs.50,000/-
A)
Deposits Rs.50,000/-
& above
B)
Deposits in excess of Rs.1
lakh
C)
All transactions
D)
Answer : Option ‘B’

20. 18. Who can open bank account?
Indian citizen
A)
Non Resident Indian
B)
Illiterate
C)
All of the above
D)
Answer : Option ‘D’

21. 19. Which type of currency withdrawal in NRO ?
INR
A)
Pound
B)
Euro
C)
All of the above
D)
Answer : Option ‘A’

22. 20. Who can open FCNR account ?
NRI
A)
Both
B)
PIO
C)
None of these
D)
Answer : Option ‘B’

23. 21. Which type of currency is deposited and withdrawn
in FCNR account?
foreign
A)
Both
B)
INR
C)
None of these
D)
Answer : Option ‘A’

24. 22. Loans granted for a period of 3 years and more are
called demand loan. (T/F)
Answer : ‘False’
True False

25. 23. Who can open Regular Savings Bank Account ?
Minor
A)
Blind Person
B)
Major
C)
All of these
D)
Answer : Option ‘D’

26. 24. Foreign Remittance are not allowed in BSBDA small
account . (T/F)?
Answer : ‘True’
True False

27. 25. Payment cannot be done unlimited number of time in
current account.(T/F)?
Answer : ‘False’
True False

28. 26. Fixed deposit period in NRE account is
Min 1 year max 5 years
A)
Min 6 months max 1
years
B)
Min 1 year max 10 years
C)
None above of these
D)
Answer : Option ‘D’

29. 27. LAP or Loan against property is in the category of
secured loan. (T/F)?
Answer : ‘True’
True False

30. 28. Overdraft facility is not available in savings account.
(T/F)?
Answer : ‘True’
True False

31. 29. Usually Pakistani individual resident can’t open a
NRE account. (T/F)?
Answer : ‘True’
True False

32. 30. Interest earn is not tax free in NRE account. (T/F)?
Answer : ‘False’
True False

33. 31. IN NRO account whole account balance is
repatriable. (T/F)?
Answer : ‘False’
True False

34. 32. Loan granted for a period of less than 36 months as
known as-
Term Loan
A)
Demand Loan
B)
Business Loan
C)
House Loan
D)
Answer : Option ‘B’

35. 33. ‘ Home loan’ is a part of
Overdraft Loan
A)
Demand Loan
B)
Business Loan
C)
Retail Loan
D)
Answer : Option ‘B’

36. 34. PMJDY scheme is a part of Regular saving bank
account.(T/F)?
Answer : ‘False’
True False

37. 35. Minor can open regular savings bank account.(T/F)?
Answer : ‘True’
True False

38. 36. In current account Bank does not pay any interest to
the customer on their deposit (T/F)?
Answer : ‘True’
True False

39. 37. Form 15G is for Senior citizen(T/F)?
Answer : ‘False’
True False

40. 38‘ What is the withdrawal limit/month in BSBDA
account?
4 times
A)
10 times
B)
5 times
C)
None of these
D)
Answer : Option ‘B’

41. 39‘ What is the TDS rate on the term deposit of the
customer who generally not added PAN card with it?
10%
A)
5%
B)
20 %
C)
None of these
D)
Answer : Option ‘C’

42. 41. What is the minimum period for recurring deposit?
6 months
A)
10 year
B)
1 year
C)
None of these
D)
Answer : Option ‘A’

43. 40. FEMA means?
Foreign Exchange
Management Act
A)
Foreign Management
Exchange Act
B)
Foreign Exchange
Management
C)
None of these
D)
Answer : Option ‘A’

44. Hope you all have enjoyed.