❮ पिछला भाग अगला भाग ❯
Q11. What is the full form of 'EMI' related to loan repayments?
A) Easy Monthly Installment
B) Equal Monthly Investment
C) Equated Monthly Installment
D) Equity Monthly Interest
Answer: C) Equated Monthly Installment
Explanation: An EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar month to pay off a Personal Loan or Home Loan.
Q12. Which of the following accounts is mandatory for trading in the Share Market in India?
A) Savings Account
B) Current Account
C) Demat Account
D) Recurring Deposit Account
Answer: C) Demat Account
Explanation: To invest in the Stock Market or buy shares, one must open a Demat Account along with a Trading Account.
Q13. 'Third Party Insurance' is mandatory in India for which category?
A) Life Insurance
B) Motor Vehicles
C) Health Insurance
D) Property Insurance
Answer: B) Motor Vehicles
Explanation: Under the Motor Vehicles Act, holding a valid Car Insurance or Bike Insurance policy (at least Third Party) is legally compulsory for driving on Indian roads.
Q14. What does 'NPA' stand for in the banking sector?
A) Non-Performing Asset
B) Net Profitable Asset
C) New Private Account
D) National Payment Agency
Answer: A) Non-Performing Asset
Explanation: An NPA (Non-Performing Asset) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. It is often referred to as "Bad Loans".
Q15. Which entity regulates the Mutual Fund industry in India?
A) AMFI
B) RBI
C) SEBI
D) IRDAI
Answer: C) SEBI
Explanation: The Securities and Exchange Board of India (SEBI) regulates the securities market, including Mutual Funds, to protect investor interests.
Q16. The 11-digit alphanumeric code printed on a cheque is known as:
A) MICR Code
B) IFSC Code
C) Swift Code
D) Pan Number
Answer: B) IFSC Code
Explanation: IFSC (Indian Financial System Code) is used to identify the specific bank branch during online fund transfers like NEFT and RTGS.
Q17. What is the maximum insurance cover provided by DIGC (Deposit Insurance and Credit Guarantee Corporation) to a bank depositor if the bank fails?
A) ₹1 Lakh
B) ₹2 Lakh
C) ₹5 Lakh
D) ₹10 Lakh
Answer: C) ₹5 Lakh
Explanation: Each depositor in a bank is insured up to a maximum of ₹5 Lakh for both principal and interest amount held in the same capacity and same right.
Q18. A 'Grace Period' in an insurance policy refers to:
A) The time to file a claim
B) The extra time given to pay the premium after the due date
C) The waiting period for pre-existing diseases
D) The time before the policy starts
Answer: B) The extra time given to pay the premium after the due date
Explanation: If you miss your Life Insurance or Health Insurance premium due date, the company gives a Grace Period (usually 15-30 days) to pay without losing coverage.
Q19. Which of the following is considered a 'Plastic Money'?
A) Demand Draft
B) Credit Card
C) Cheque
D) Gift Voucher
Answer: B) Credit Card
Explanation: Credit Cards and Debit Cards are often referred to as "Plastic Money" as they facilitate cashless transactions.
Q20. What is the full form of 'UPI' in digital payments?
A) Unified Payment Interface
B) Unique Payment Identification
C) Universal Payment Interface
D) Union Process of India
Answer: A) Unified Payment Interface
Explanation: UPI is a real-time payment system that helps in transferring funds between two bank accounts instantly using a mobile platform.
यह रहा उस कोड का छोटा और आसान (Compact) वर्जन। यह काम वही करेगा लेकिन कोड कम है।
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