Product Knowledge Test

1.

1 point

What is the full form of ULIP?

Unit linked insurance plan.

Unreserved linked insurance plan.

Unit liable insurance plan.

None of the above

2.

1 point

Reserve bank of India (RBI) was established in-

1935

1938

1947

1948

3.

1 point

What is IFSC code?

Indian Firm Study Codes

The Indian Fine System Code

Indian Finance Security Code

The Indian Financial System Code.

4.

1 point

Interest payable on savings bank accounts is-

Decided by banks without following any conditions by RBI.

Not regulated by RBI.

Regulated by central government.

Decided by banks following the guidelines of RBI

5.

1 point

Is it mandatory to have any account for opening FD?

Yes, it is mandate.

No, it is not required.

Basic savings account required.

None of the above

6.

1 point

Non Banking Financial Companies (NBFCs) are financial institution that-

Hold a banking licence.

Does not hold a banking licence.

Are government undertaking institutions.

None of the above

7.

1 point

What would be the maturity amount for compound interest of 10,000 for tenure of 3 years?

12682.417

12765.685

12427.397

None of the above

8.

1 point

What is inflation?

General decrease in prices and fall in the purchasing value of money.

General increase in prices and fall in the purchasing value of money.

No changes in prices.

None of the above.

9.

1 point

Rupay debit card cannot be used in the following location:

India’s metro location

India’s non metro location

Overseas

Both A & B

10.

1 point

Banks in India are regulated by-

Banking regulation Act, 1949

RBI Act, 1934

Companies Act.

None of the above

11.

1 point

Swapna is a proprietor for a small scale industry. She has a Trade in current account. The current balance in her account is Rs 11550/-. What is the non maintenance charge?

6000

2500

3000

9000

12.

1 point

What is there any minimum / maximum amount for RTGS transactions?

The minimum amount to be remitted through RTGS is INR 5 lakh

The minimum amount to be remitted through RTGS is INR 4 Lakh

The minimum amount to be remitted through RTGS is INR 3 Lakh

The minimum amount to be remitted through RTGS is INR 2 lakh

13.

1 point

Customer having a basic savings a/c. She has miss placed the old cheque book and requesting for a new one. What is charge for a new cheque book of 25 leaves?

Rs 50/-

Rs 25/-

Rs 100/-

Free

14.

1 point

Ques : What is Full Form of IMPS

Inside master price service

Intelligent Mob Pay service

Interbank Mobile Payment Service

Intel Mobile Paying services

15.

1 point

What is the full form NEFT?

Net Electronic Funds taken

Nationalized Electronic Fine Transfer

National Electronic Fund Transfer

National Elevation fund transfer

16.

1 point

Customer having a Business current a/c has made an IMPS transaction of 5,00,000 at Non home branch location. What would be the IMPS outward charges?

Rs 15/- per transaction

After aggregation limit Rs 15/- per transaction

Rs 15/- is chargeable up to 5 lacks

None of the above

17.

1 point

Customer having standard savings a/c has deposited a cash of Rs 2,00,000/- at home location. What would be the deposit charges?

30

300

600

None of the above

18.

1 point

In India additional interest rate is allowed on retail domestic term deposits for-

Minor citizens.

Womens. Womens. Women

Senior citizens

None of the above.

19.

1 point

Wholesale banking is also called,
i)Corporate banking.
ii)Commercial banking

Only (i)

Only (ii)

Both (i) and (ii)

None of the above

20.

1 point

How many character does IFSC code has?

11 character code

12 character Code

8 Character Code

9 Character Code

21.

1 point

What is/are the main functions of RBI?
(i). Notes Issuance.
(ii). Government's Banker.
(iii). Banker's Bank.
(iv). Bank's Supervision.

Only (i)

Both (ii) and (iii)

Both (iii) and (iv)

All of the above

22.

1 point

Customer having basic and small savings a/c can group with the following:

Current a/c grouping

Savings a/c grouping

Both A & B

None of the above

23.

1 point

Customer deposited 20,000 for a tenure of 90 days. What would be the Maturity amount?

20665.685

20308.219

20427.397

None of the above

24.

1 point

The full form of RTGS is :

Real Time Gross Settlement

Read To Gross Seating

Reset To Gross settlement

Retail To Green Settlement

25.

1 point

EMI stands for-

Equal Monthly Installment.

Extra Monthly Installment.

Extra Monthly Investment.

Equated Monthly Installment.

Product Knowledge Test_Genisys Group