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BANKING PRODUCT AND SERVICES

Max. Marks : 21 No. of Qs. 21 Time : 15 min. Date : ........./......../................
1. Mobicash Easy is a mobile wallet which offers facilities such 5. Many times we see banks advertise - “Anywhere Banking:
as fund transfer, bill payment, balance enquiry, mini statement, Anytime Banking”. Which of the following products/
mobile top-ups and DTH recharge. facilities launched by banks make(s) it possible for the
This facility has been introduced by which of the following customers to avail banking services 24 × 7?
banks? (A) ATM
(a) State Bank of India (b) HDFC Bank (B) Internet Banking
(c) Corporation Bank (d) Union Bank of India (C) Universal chequebook facility
(e) ICICI Bank (a) Only (A) (b) Only (B)
2. The Asian development Bank (ADB) and Government of (c) Both (A) and (B) (d) Only (C)
India have signed loan agreement to improve rural roads. (e) All (A), (B) and (C)
In this context, which of the following statement is/are 6. The RBI is planning to introduce. “Plastic Currency Notes".
correct?
What is/are the benefits of "Plastic Notes”?
1. The loan amount is the first tranche of &800 million
(1) Long shelf life.
financing facility.
(2) It will replace plastic money like Credit Cards which
2. The project includes the construction of 3461 km of all
lead to fraud.
– weather rural roads in 5 states.
(3) Printing of such notes would be cheaper.
3. The first phase of the project will be completed in
December, 2015 (a) Only 3 (b) Only 2
(a) Only 1 (b) Only 3 (c) Both 1 & 3 (c) Only 1 (d) All 1, 2 and 3
(d) Both 2 &3 (e) All are correct (e) None of these
3. Insurance service provided by various banks is commonly 7. Which of the following is not the part of the Scheduled
known as .... Banking structure in India?
(a) Investment Banking (a) Money Lenders
(b) Portfolio Management (b) Public Sector Banks
(c) Merchant Banking (c) Private Sector Banks
(d) Bancassurance (d) Regional Rural Banks
(e) Micro Finance (e) State Cooperative Banks
4. Which bank of India has announced the launch of a home 8. Small Savings Scheme like national savings certificates,
loan product named ‘Happy Ending Home Loan’, in which Public Provident Fund, Monthly Income Schemes are popular
the last 12 months’ equated monthly instalments (EMIs) will among the salaried people. Which financial institutions
be waived if the borrower diligently services the loan? manage these schemes?
(a) ICICI Bank (b) HDFC Bank (a) Public Sector Banks (b) Commercial Banks
(c) Axis Bank (d) State Bank of India
(c) Post Offices (d) Co-operative Banks
(e) Corporation Bank
(e) None of these
1. a b c d e 2. a b c d e 3. a b c d e 4. a b c d e 5. a b c d e
RESPONSE 6. a b c d e 7. a b c d e 8. a b c d e
GRID
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9. Which of the following is/are the right(s) of customer 15. The Reverse Mortgage scheme is launched to give benefit
towards his banker? to which of the following groups of society?
(a) To receive a statement of his account from a banker (a) Persons below 60 yrs
(b) To sue the bank for any loss and damages (b) Senior Citizens
(c) Unemployed youth
(c) To sue the banker for not maintaining the secrecy of
(d) Orphans
his account
(e) All of the above
(d) All of the above 16. Which of the following scheme is not meant for investment
(e) None of these purposes?
10. Which of the following factors is not required to be (a) National saving certificate
considered to analyze the repayment capacity of a borrower? (b) Infrastructure bonds
(a) Working capital management (c) Mutual funds
(b) Personal educational qualifications (d) Letter of credit
(c) Financial leverage (e) None of these
17. Systematic investment Plans relates to:
(d) Interest rate risk management
(a) Mutual Funds
(e) None of these
(b) Life Insurance Companies
11. Which of the following is a facilitating service of core loan
(c) Commercial Banks
products of retail banking services? (d) Post office savings schemes
(a) Current or savings accounts (e) None of these
(b) Legal services for documentation 18. Which of the following is an example of cash less purchase?
(c) Delivery of loan at promised time period (a) Debit card
(d) Flexibility in prepayment of loan (b) Credit card
(e) None of these (c) ATM withdrawal
12. Funded Services under corporate banking does not include? (d) All of the above
(e) None of these
(a) Working Capital Finance
19. Which one of the following is not an electronic banking
(b) Bill Discounting
delivery channel?
(c) Export Credit (a) Mobile Vans
(d) Letters of Credit (d) Mobile Phone Banking
(e) None of these (c) Internet Banking
13. ''Swabhiman'' Scheme is related- (d) Tele Banking
(a) Rich Customers of the Bank (e) ATM
(b) RRBs 20. Now-a-days Banks are selling third party products. Example
(c) To provide basic banking services to bankless villages of third party product is:
(d) Both (b) and (c) (a) Mutual funds
(b) Term deposits
(e) None of these
(c) Credit cards
14. A centralized database with online connectivity to branches,
(d) All of these
internet as well as ATM-network which has been adopted (e) None of these
by almost all major banks of our country is known as? 21. What are White Label ATMs
(a) Investment Banking (a) ATMs set up and run by non-banking entities
(b) Core Banking (b) ATMs set up and run by banking entities
(c) Mobile Banking (c) ATMs in rural areas
(d) National Banking (d) ATMs in Defence areas
(e) Specialized Banking (e) ATM set up in Uttaranchal

RESPONSE 9. a b c d e 10. a b c d e 11. a b c d e 12. a b c d e 13. a b c d e

14. a b c d e 15. a b c d e 16. a b c d e 17. a b c d e 18. a b c d e
GRID 19. a b c d e 20. a b c d e 21. a b c d e
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HINTS & SOLUTIONS

1. (a) State Bank of India has launched a mobile wallet facility- 9. (d) 10. (b) 11. (a)
‘Mobicash Easy’. It is a prepaid account accessible 12. (d)
over mobile phones, enabling consumers to send
13. (c) To provide basic banking services to bankless villages
remittances to any bank account.
14. (b) 15. (b) 16. (d)
2. (e) ADB and the Government of India signed a $252 million
17. (a) 18. (d) 19. (a)
loan to improve rural roads. The interest rate for the
loan has to be determined in accordance with ADB’s 20. (a)
LIBOR – based lending facility. 21. (a) RBI has given nod to Muthoot Finance to set up White
3. (d) 4. (c) 5. (c) Label ATMs .ATMs set up and run by non-banking
entities are called White Label ATMs (WLAs) .
6. (c) 7. (a) 8. (c)