banking extra

Which of the following is NOT a function of a bank?

• Accepting deposits

• Issuing currency notes

• Providing loans

• Facilitating payments

What is the full form of IMPS?

• International Mobile Payment Service

• Immediate Payment Service

• Interbank Mobile Payment Service

• Instant Mobile Payment Service

IMPS is available:

• Only during bank working hours

• Only on weekdays

• 24x7, throughout the year

• Only during business hours

Which of the following statements is true about NEFT?

• NEFT is a real-time transfer service

• NEFT transactions are processed in hourly batches

• NEFT is available 24x7

• NEFT requires physical presence at the bank

The minimum amount for an RTGS transaction is:

• ₹2,000

• ₹20,000

• ₹2 lakh

• ₹5 lakh

Which of the following is true about Business Correspondents?

• They are bank employees

• They are individuals/entities engaged by banks to provide banking services in remote areas

• They can issue loans without bank approval

• They are used only for international banking

What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?

• A) To promote digital literacy

• B) To provide universal access to banking facilities

• To provide agricultural subsidies

• To offer housing loans

Which of the following categories of loans is not covered under PMMY?

• Shishu

• Kishor

• Tarun

• Ganga

Microfinance primarily targets which group of people?

• Large corporations

• Middle-income households

• Low-income households

• Government employees

What is a key characteristic of Self Help Groups (SHGs)?

• They are sponsored by large corporations

• They focus on individual lending

• They rely on collective responsibility and savings

• They are part of international banks