38 - Financial Inclusion
1. Which one of the is PMJDY related to?
[A] Financial inclusion
[B] Bank
[C] Literacy
[D] Female education
[B] Bank
[C] Literacy
[D] Female education
2. What is the amount for accidental insurance cover in PMJDY?
[A] Rs. 1 lac
[B] Rs. 2 lac
[C] Rs. 50 lac
[D] Rs. 10 lac
[B] Rs. 2 lac
[C] Rs. 50 lac
[D] Rs. 10 lac
3. What is/are the main aim of financial inclusion?
[A] to maintain a certain quantity of liquid assets with themselves at any point of time of their total time and
[B] to control money supply in the economy
[C] to provide basic banking services to all section of society in urban areas or rural areas at affordable cost
[D] Both A and B
[B] to control money supply in the economy
[C] to provide basic banking services to all section of society in urban areas or rural areas at affordable cost
[D] Both A and B
4. Financial inclusion means which of the following?
[A] retail banking
[B] bringing all poor people under banking net
[C] financial statements
[D] wholesale banking
[B] bringing all poor people under banking net
[C] financial statements
[D] wholesale banking
5. Which of the following efforts fall under Financial inclusion plan of RBI/Government?
[A] Nationalization of banks
[B] Public Sector Lending targets
[C] Zero Balance accounts
[D] All of the above
[B] Public Sector Lending targets
[C] Zero Balance accounts
[D] All of the above
6. Which of the following is not true regarding Financial Inclusion plan?
[A] Simplified KYC norms for accounts opening
[B] Mandatory branches in unbanked villages
[C] BSBDA accounts with minimum balance criteria
[D] Micro branches to be opened in rural area
[B] Mandatory branches in unbanked villages
[C] BSBDA accounts with minimum balance criteria
[D] Micro branches to be opened in rural area
7. What is the full form of FINO?
[A] Financial Investment Network and Operations
[B] Farmers’ Investment Network and Operations
[C] Farmers’ Inclusion Network and Operations
[D] Financial Inclusion Network and Operations
[B] Farmers’ Investment Network and Operations
[C] Farmers’ Inclusion Network and Operations
[D] Financial Inclusion Network and Operations
8. Who among the following is a banking corresponding agent?
[A] An authorized representative of bank who offer banking services in unbanked areas
[B] Any person who offer banking services in unbanked areas
[C] An authorized representative of bank who makes profits for banks
[D] None of the above
[B] Any person who offer banking services in unbanked areas
[C] An authorized representative of bank who makes profits for banks
[D] None of the above
9. Which of the following is true regarding BCA?
[A] BCA works for Insurance companies
[B] A BCA can provide services to only 1 bank
[C] A BCA can provide services to more than 1 bank
[D] None of the above
[B] A BCA can provide services to only 1 bank
[C] A BCA can provide services to more than 1 bank
[D] None of the above
10. Financial Inclusion means provision of which of the following?
[A] Financial services like payments, remittances, savings, loans, etc at affordable cost.
[B] Ration at affordable cost
[C] House at affordable cost
[D] Education at affordable cost
[B] Ration at affordable cost
[C] House at affordable cost
[D] Education at affordable cost