Financial Inclusion – Banking Awareness Quiz
Dear Aspirants,
Welcome
to Mentor for Bank Exams. Today we are providing the important banking
awareness questions based Financial Inclusion, Banking Correspondents, Self
Help Groups, Joint Liability Groups. These questions will help you for the
upcoming bank and insurance exams.
1. Which of the
following efforts fall under Financial Inclusion Plan (FIP) of RBI /
government?
a) Nationalization
of banks
b) Priority
Sector Lending (PSL) targets
c) Zero
balance accounts, like BSBDA, Jan-Dhan Account, Small Account, etc.
d) All of the above
2. Which of the
following is not true regarding Financial Inclusion Plan?
a) Relaxed
and simplified KYC norms for account opening
b) Mandatory
branches in unbanked villages
c) BSBDA Accounts with minimum
balance criteria
d) Micro
branches to be opened in rural area, that can be operated by Business Correspondents
3. Suppose, two or
more people have taken a loan) If one of them is unable to pay, then other
members are fully liable to pay the whole amount of loan) This refers to -
a) Joint Liability
b) Several
Liability
c) Both (a)
and (b)
d) None of
the above
4. Financial Inclusion
means provision of -
a) Financial services namely,
payments, remittances, savings, loans and insurance at affordable cost to
persons not yet given the same
b) ration
at affordable cost to persons not yet given the same
c) house at
affordable cost to persons not yet given the same
d) education
at affordable costs to persons not yet given the same
5. What is the full
form of 'FINO' - a term we see frequently in financial newspapers?
a) Financial
Investment Network and Operations
b) Financial Inclusion Network and
Operations
c) Farmers'
Investment in National Organization
d) Farmers'
Inclusion News and Operations
6. Who is a Banking /
Business Correspondent Agent (BCA)?
a) An authorized representative of a
bank, who offer banking services where the bank doesn't have a branch
b) Any
person who provides banking services in rural area
c) An
authorized representative of a bank, who makes profit for banks, by making
business
d) None of
the above
7. Which of the
following is true regarding BCA?
a) A BCA can provide services for
more than one bank
b) A BCA
can provide services for only one bank
c) A BCA
doesn't work for banks
d) None of
the above is true
8. Which of the
followings are eligible as BCA?
i) Individuals,
like retired bank employees, retired teachers, retired gov) employees,
ex-serviceman, etc.
ii) NGOs, MFIs
iii) Registered
Cooperative Societies
iv) Post
Offices
v) Bank
employees
a) Only (i)
and (ii)
b) All except (v)
c) All are
eligible
d) Only (v)
9. Which of the
following is true regarding SHG?
a) A small
voluntary group of poor people, generally from the same economic background,
that promotes small savings among the members and make a common fund to help
themselves
b) Government
/ RBI has introduced several SHG - bank linkage program for Financial Inclusion
c) Full
form of SHG is Self Help Group
d) All of the above
