CCC Topic Wise Practice Set-19 (CCC Digital Financial Tool and Applications)

CCC Online Test 50 Questions

01. MUDRA scheme is applicable to which type of MSE businesses under Income Generation purpose?

A) Newly start-up
B) Existing business for expansion or upgradation
C) Both A and B
D) None of these

--- Answer is----> C) Both A and B

02. Total loans sanctioned/ disbursed under PMMY is accessible to _________ for information of the Banks/ NBFCs / MFIs, General Public at large.

A) DFS website
B) PMO website
C) MUDRA Portal
D) None

--- Answer is-----> C) MUDRA Portal

03. Who is eligible to get the MUDRA Loans under PMMY out of following borrowers?

A) Large Corporates
B) Municipal Corporations
C) Small fruit vendors, vegetables sellers etc
D) None

--- Answer is-----> C) Small fruit vendors, vegetables sellers etc

04. What is the amount of overdraft facility sanctioned under PMJDY is classified as MUDRA loans under PMMY?

A) 10000
B) 5000
C) 50000
D) 15000

--- Answer is-----> B) 5000

05. The loans sanctioned by banks/ NBFCs/ MFIs on or after 08-April-2015 upto `10 lacs for small business income generating activities are known as PMMY loans.

A) True
B) False

--- Answer is-----> A) True

06. What does PMMY Stand for?

A) Pradhan Mantri Money Yojana
B) Pradhan Mantri Mudra Yojana
C) Primary Money Market Yojana
D) Primary Market Money Yojana

--- Answer is-----> B) Pradhan Mantri Mudra Yojana

07. What is the maximum loan amount available under PMMY?

A) 10Lacs
B) 5Lacs
C) 2Lacs
D) None of these

--- Answer is-----> A) 10Lacs

08. How much loan can be availed under "Shishu" Category?

A) 50000
B) 100000
C) 5000
D) 10000

--- Answer is-----> A) 50000

09. Loan of 5 lacs is covered under which category?

A) Shishu
B) Kishore
C) Tarun
D) None

--- Answer is-----> B) Kishore

10. Who can avail the PMMY loan?

A) Any Indian Citizen
B) Any firm, body corporate, company, or any other entity incorporated in India
C) A & B both
D) None of these

--- Answer is-----> C) A & B both

11. From where the PMMY loan can be availed?

A) Public Sector Banks, Private Sector Banks, Foreign Banks, Cooperative Banks,RRBs, NBFCs and MFIs
B) Directly from MUDRA
C) A & B both
D) Only RBI

--- Answer is-----> A) Public Sector Banks, Private Sector Banks, Foreign Banks, Cooperative Banks,RRBs, NBFCs and MFIs

12. MUDRA Card is a debit card on which payment platform?

A) RuPay
B) Visa
C) MasterCard
D) Platinum Master

--- Answer is-----> A) RuPay

13. Under APY, fixed pension can be choosen from___?

A) Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-, Rs.6,000/-
B) Rs.500/-, Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-
C) Rs.500/-, Rs.1,500/-, Rs.2,500/-, Rs.3,500/-, Rs.4,500/-
D) Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-

--- Answer is-----> D) Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-

14. Can illiterate person be issued Debit card?

A) Yes
B) No

--- Answer is-----> A) Yes

15. Under PMSBY, partial disability claim is available for?

A) Rs 200000/-
B) Rs 50000/-
C) Rs 100000/-
D) None

--- Answer is-----> C) Rs 100000/-

16. What is validity period of cheque?

A) 4 months from date of issue
B) 6 months from date of issue
C) 3 months from date of issue
D) No Limit

--- Answer is-----> C) 3 months from date of issue

17. Under PMSBY, accidental death claim is available for Rs 2Lakh.

A) False
B) True

--- Answer is-----> B) True

18. Which type of deposits earns higher interest rate

A) Fixed Deposits
B) Savings Account
C) Current account
D) None

--- Answer is-----> A) Fixed Deposits

19. What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)

A) Covers life insurance up to Rs.2 lac
B) Accident insurance cover
C) Both
D) None of above

--- Answer is-----> A) Covers life insurance up to Rs.2 lac

20. What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

A) Life insurance cover
B) Accidental insurance cover
C) Overdraft up to Rs.5,000/-
D) None

--- Answer is-----> B) Accidental insurance cover

21. What is Atal Pension Yojana (APY)?

A) Provides social security to the unorganized sector
B) Encourages workers to voluntarily save for their retirement.
C) Fixed pension is paid on attaining age of 60 years
D) All of above

--- Answer is-----> D) All of above

22. What is the minimum deposit required while opening a BSBD (Basic Savings Bank Deposit ) Account?

A) 1000
B) 500
C) 100
D) No minimum deposit required

--- Answer is-----> D) No minimum deposit required

23. What kinds of services are available free in ‘Basic Savings Bank Deposit Account’?

A) Receipt / credit of money through NEFT / RTGS
B) No annual maintenance charges on ATM-cum-Debit card
C) 4 withdrawals in a month (including ATM withdrawals)
D) All of above

--- Answer is-----> D) All of above

24. What is the maximum amount of deposits acceptable in Small accounts?

A) 30000
B) 50000
C) 10000
D) 100000

--- Answer is-----> B) 50000

25. Who is Bank Mitra?

A) Valuable customer of Bank
B) Security guard in a branch
C) Banking Correspondents engaged by Banks
D) None

--- Answer is-----> C) Banking Correspondents engaged by Banks

26. Who can open an account under PMJDY?

A) Minor above the age of 10 years
B) Only lady of the house
C) Only head of the family
D) All of above

--- Answer is-----> D) All of above

27. What are the benefits attached to PMJDY?

A) Accident insurance cover of Rs 1Lac
B) Life insurance cover of Rs 30000
C) Overdraft facility up to Rs 5000
D) All of above

--- Answer is-----> D) All of above

28. What is meant by Aadhaar seeding?

A) Duplicate issuance of Aadhaar
B) Transfer of Aadhaar
C) Linking of Aadhaar with Bank accountn
D) None

--- Answer is-----> C) Linking of Aadhaar with Bank account

29. What is Direct Benefit Transfer (DBT)?

A) Cash discount on goods
B) Remittance through Banks
C) Transfer of social benefits /subsidies directly in Bank accounts of beneficiaries
D) None of these

--- Answer is-----> C) Transfer of social benefits /subsidies directly in Bank accounts of beneficiaries

30. To whom Overdraft facility of Rs 5000 in PMJDY Account is available?

A) After 6 months of satisfactory conduct of account
B) One account per household
C) Customers in age group of 18-60 years
D) All of above

--- Answer is-----> D) All of above

31. 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 the above

--- Answer is-----> D) All of the above

32. The Maximum tenure of Fixed Deposit is?

A) 5 years
B) 7 years
C) 10 years
D) 8 years

--- Answer is-----> C) 10 years

33. MGNREGS is stands for?

A) Mahatma Gandhi National Rural Employment Generation Scheme
B) Mahatma Gandhi National Rural Employment Guarantee Scheme
C) Mahatma Gandhi Nutrition & Rural Employment Generation Scheme
D) None

--- Answer is-----> B) Mahatma Gandhi National Rural Employment Guarantee Scheme

34. 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 is-----> D) All of above

35. ATM can be used for?

A) Cash withdrawal
B) Account enquiry
C) Statement of account
D) All of above

--- Answer is-----> D) All of above

36. Mutilated notes___?

A) should be burnt away
B) should be thrown away
C) can be exchanged at Bank
D) None

--- Answer is-----> C) Can be exchanged at Bank

37. Gold and silver ornaments should be kept in bank lockers__?

A) No risk of theft
B) It is safe
C) Both (A) & (B)
D) None

--- Answer is-----> C) Both (A) & (B)

38. In Recurring Deposits (RD),____?

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 is-----> D) All of above

39. Payment of Cheque can be stopped by?

A) Nominee
B) Beneficiary
C) Drawer of Cheque
D) None

--- Answer is-----> C) Drawer of Cheque

40. Bank draft is issued by

A) Private Sector Banks
B) Regional Rural Banks
C) Public Sector Banks
D) All of above

--- Answer is-----> D) All of above

41. Maximum amount of Cheque is made upto?

A) 100 crore
B) 10 crore
C) 10 crore
D) No Limit

--- Answer is-----> D) No Limit

42. TDS means Tax Deducted at Source.

A) True
B) False

--- Answer is-----> A) True

43. PAN number is required for___?

A) Deposits less than 50000
B) Deposits 50000 & above
C) Every bank deposits
D) Every bank transactions

--- Answer is-----> B) Deposits 50000 & above

44. Who can open bank account?

A) Indian citizen
B) Non Resident Indian (NRI)
C) Illiterate
D) All of above

--- Answer is-----> D) All of above

45. Nomination once done can___?

A) Be cancelled
B) Not be cancelled
C) Not be changed
D) None

--- Answer is-----> A) Be cancelled

46. Who is Business Correspondent?

A) An agent of business house
B) An agent who provides banking services
C) A type of money lender
D) None of these

--- Answer is-----> B) An agent who provides banking services

47. Bank charges interest on?

A) Deposits
B) Loans
C) Both (A) & (B)
D) None

--- Answer is-----> B) Loans

48. Banks pays interest on deposits.

A) True
B) False

--- Answer is-----> A) True

49. The Bank Pass Book is___?

A) Issued by Bank
B) Shows balance in account
C) Contains transaction details of Bank account
D) All of above

--- Answer is-----> D) All of above

50. Coins are issued by?

A) Government of India
B) NABARD
C) Public sector banks
D) None of these

--- Answer is-----> A) Government of India