Quiz 1

Basic Finance Quiz

  1. The safest place for keeping money
  2. Money lender
    An iron box
    Bank
  3. Gold and silver ornaments should be kept in bank lockers
  4. It is safe
    No risk of theft
    Both
  5. ATM can be used for
  6. Cash withdrawal
    Statement of account
    Both
  7. Bank provides loans for
  8. Home
    Education
    All of above
  9. General Insurance relates to insurance against
  10. Fire
    Burglary
    Both
  11. KYC means
  12. Know your character
    Know your customer
    Both
  13. Loans from money lenders are
  14. With High rate of interest
    No transparency
    All of above
  15. ATM password to be shared only with
  16. Spouse
    Obedient daughter
    None
  17. Life insurance means
  18. Insurance of human
    Insurance of Life of Machines
    Insurance of life of human and Cattle
  19. We should keep our savings with banks because
  20. It is safe
    Can be withdrawn anytime
    Both
  21. Internet Banking Refers To
  22. Opening of account through ATM
    Operation of account through internet
    Both
  23. RTGS Stands For
  24. Real Time Gross Settlemen
    Ready Time Gross Settlement
    Ready Time Grocery Settlement
  25. Can Illiterate Person Be Issued Debit Card?
  26. No
    Yes
    Only in case of joint account
  27. NEFT Stands For
  28. National Electronic Fund Transfer
    National Electric Fund Transfer
    National Electrical Fund Transfer
  29. Education Loans
  30. Cover tuition fee & expenses
    Are repayable after completion of course
    Both