1) interest on FORs is compounded on a) Monthly basis b) Quarterly basis rims she Right answer] ©) Half yearty basis, 4) Yearly basis ‘@2) Who has to pay for credit Guarantee cover for Overdraft under PMJDY? a) BCagent b) Borrower ¢) Concerned Bank (mis ic the Right Answer] 4) Government G3) The person who signs a cheque is called the drawer 2) True [rms ts tne Right Answer] b) False(Q4) BSBDA refers to 5 2) Basic Saving and Bank Deposit Account b) Basic Saving Bank Deposit Account [isis the Right Answer) ¢) Bank Saving and Bank Deposit Account ) None of the above Q5) RuPay debit card is introduced by a) Reserve bank of India ) Institute of Banking Personnel Selection ©) National Payments Corporation of India hiss tne Right Answer] 4) Ministry of Finance 'Q6) What is the correct formula for Simple Interest? a) SI= Principal - Rate of Interest * Time b) SI= Principal / Rate of Interest * Time ¢) SI=Principal + Rate of Interest * Time d)SL= Principal * Rate of Interest * Time [mis s me Right answer]@7) Current accounts © a) Tue b) False mists tne Right Answer) 8) The term SWIFT stands for which of the following ? ‘a) Society for World-Wide Interbank Financial Transfers b) Society for World-Wide International Financial Transfers. ©) Society for World-Wide Interbank Financial Telecommunication [mis s me ight Answer) d) Society for World-Wide International Financial Telecommunication ‘Q9) Which Banks can accept demand deposits - Current Deposits and Savings Bank Deposit - from individuals, small business and other entities but there is an upper limit of Rs.1 lakh per customer? a) Regional Rural Banks b) Foreign Banks ¢) Payment Banks (This is te ight Answer] ) Local Area Banks