Banking Awareness Test - 1


10 Questions MCQ Test IBPS Clerk Prelims - Study Material, Mock Tests | Banking Awareness Test - 1


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This mock test of Banking Awareness Test - 1 for Banking Exams helps you for every Banking Exams entrance exam. This contains 10 Multiple Choice Questions for Banking Exams Banking Awareness Test - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Banking Awareness Test - 1 quiz give you a good mix of easy questions and tough questions. Banking Exams students definitely take this Banking Awareness Test - 1 exercise for a better result in the exam. You can find other Banking Awareness Test - 1 extra questions, long questions & short questions for Banking Exams on EduRev as well by searching above.
QUESTION: 1

Name the scheme which was announced in August 2014 to ensure comprehensive financial inclusion of all the households in the country by providing universal access to banking facilities with at least one basic bank account to every household, financial literacy, access to credit, insurance and pension facility?

Solution:
QUESTION: 2

 PMJDY offers unbanked persons easy access to banking services and awareness about financial products through financial literacy programmes. In addition, they receive a RuPay debit card, with inbuilt accident insurance cover of _____________, and access to overdraft facility upon satisfactory operation of account or credit history of ______________ months. 

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QUESTION: 3

In which year, all eligible account holders can access their bank accounts personal accident insurance cover under PMSBY, life insurance cover under PMJJBY, and guaranteed minimum pension to subscribers under APY.

Solution:
QUESTION: 4

 Which scheme is available to people in the age group of 18 to 50 years having a bank account who give their consent to join/enable auto-debit?

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QUESTION: 5

The risk coverage under the PMSBY scheme is __________ lakh for accidental death and full disability and Rs. 1 lakh for partial disability.

Solution:
QUESTION: 6

The premium is ______________ per annum which is to be auto-debited in one installment from the subscriber’s bank account as per the option given by him on or before 31st May of each annual coverage period under the PMJJBY scheme. 

Solution:
QUESTION: 7

 The Pradhan Mantri Suraksha Bima Yojana or PMSBY is available to people in the age group ____________ years with a bank account who give their consent to join/ enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. 

Solution:
QUESTION: 8

The premium of how much amount per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment under Pradhan Mantri Suraksha Bima Yojana?

Solution:
QUESTION: 9

_____________ is a pension scheme for citizens of India focussed on the unorganised sector workers. 

Solution:
QUESTION: 10

Name the scheme, Under a loan of upto Rs. 50,000 is given under sub-scheme ‘Shishu’; between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore’; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’.

Solution:

The scheme was launched on 8th April 2015. Under the scheme a loan of upto Rs. 50,000 is given under sub-scheme ‘Shishu’; between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore’; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’. Loans taken do not require collaterals.