CCC Question Answers MCQs on Financial Literacy in English

CCC Question Answers MCQs on Financial Literacy in English

CCC Question Answers MCQs on Financial Literacy in English

DOEACC/NIELIT recently added a new topic i.e. Financial Inclusion/Financial Literacy in its DOEACC/NIELIT CCC/Course on computer Certification Programme. So we are here with CCC Question Answers MCQs on Financial Literacy in English for you which will help you out while preparing for DOEACC CCC Examination.

CCC Question Answers MCQs on Financial Literacy in English
CCC Question Answers MCQs on Financial Literacy in English

Index to CCC Question Answers MCQs on Financial Literacy in English

NoQuestionOptions
1.We should keep our savings with banks becausea)     It is safe

b)     Earns interest

c)     Can be withdrawn anytime

d)     All of above

2.ATM password to be shared only witha)     Spouse

b)     Obedient son

c)     Obedient daughter

d)     None of above

3.KYC meansa)     Know your customer

b)     Know your character

c)     Both of above

d)     None of above

4.Loans from money lenders area)     With High rate of interest

b)     No proper accounting

c)     No transparency

d)     All of above

5.Life insurance meansa)      Insurance of human

b)      Insurance of life of human and Cattle

c)       Insurance of Life of Machines

d)      All of above

6.General Insurance relates to insurance againsta)      Fire

b)      Theft

c)       Burglary

d)      All of above

7.Bank provides loans fora)     Home

b)     Car

c)     Education

d)     All of above

8.Which currency note has security thread?a)     Rs.50/-

b)     Rs.100/-

c)     Rs.500/-

d)     All of above

9.The safest place for keeping moneya)     A pit dug in the ground

b)     An iron box

c)     Bank

d)     Money lender

10.Gold and silver ornaments should be kept in bank lockersa)     It is safe

b)     No risk of theft

c)     Both (a) & (b)

d)     None of above

11.Bank Pass  Book isa)     Issued by Bank

b)     Contains transaction details of Bank account

c)     Shows balance in account

d)     All of above

12.Banks pays interest ona)     Deposits

b)     Loans

c)     Both (a) & (b)

d)     None of above

13.Bank charges interest ona)     Deposits

b)     Loans

c)     Both (a) & (b)

d)     None of above

14.Internet banking refers toa)     Operation of account through internet

b)     Opening of account through ATM

c)     Both (a) & (b)

d)     None of above

15.In Recurring Deposits,a)     a fixed sum is deposited every month

b)     period of deposit is a fixed tenure

c)     interest is paid at FDR rate

d)     All of above

16.ATM can be used fora)     Cash withdrawal

b)     Account enquiry

c)     Statement of account

d)     All of above

17.What is RuPay Debit Card?a)     Domestic debit card

b)     Introduced by National Payments Corporation of India

c)     Accepted at all ATMs & PoS machines

d)     All of above

18.Aadhaar isa)      12 digit number card

b)      Identity proof issued by UIDAI

c)      Both (a) & (b)

d)      None of above

19.PAN meansa)     A kind of utensil

b)     Primary Account Number

c)     Permanent Account Number

d)     None of above


Answer Keys for CCC Question Answers MCQs on Financial Literacy in English

Q.A.Q.A.
1d11a
2d12b
3a13c
4d14c
5a15d
6d16d
7d17d
8c18c
9c19c
10d


Solved Sample Model Question In Paper with answers or Practice Set

No.QuestionOptions
1.Currency notes are issued bya)     RBI

b)     NABARD

c)     Public sector banks

d)     Central Government

2.Coins are issued bya)     Government of India

b)     NABARD

c)     Public sector banks

d)     State Bank of India

3.Education  Loansa)     Cover tuition fee & expenses

b)     Are repayable after completion of course

c)     Granted for studies in India & abroad

d)     All of above

4.Who can open bank accounta)     Indian citizen

b)     Non Resident Indian

c)     Illiterate

d)     All of above

5.What is meant by Aadhaar seeding?a)      Linking of Aadhaar with Bank account

b)      Duplicate issuance of Aadhaar

c)      Transfer of Aadhaar

d)      None of above

6.What are the benefits attached to PMJDY?a)      Accident insurance cover of Rs.1.00 lac

b)      Life insurance cover of Rs.30,000/-

c)      Overdraft facility up to Rs.5,000/-

d)      All of above

7.Who can open an account under PMJDY?a)      Minor above the age of 10 years

b)      Only lady of the house

c)      Only head of the family

d)      All of above

8.Who is Bank Mitra?a)     Banking Correspondents engaged by Banks

b)      Valuable customer of Bank

c)      Security guard in a branch

d)      None of above

9.What is Atal Pension Yojana (APY)?a)     Provides social security to the unorganized sector

b)      Encourages workers to voluntarily save for their retirement

c)     Fixed pension is paid on attaining age of 60 years

d)     All of above

10.What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)?a)      Accidental insurance cover

b)      Life insurance cover

c)      Overdraft up to Rs.5,000/-

d)      None of above

11.What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)?a)      Covers life insurance up to Rs.2 lac

b)      Accident insurance cover

c)      Both (a) & (b)

d)      None of above

12.Which type of deposits earns higher interest rate?a)      Current account

b)      Savings Account

c)      Fixed Deposits

d)      None of above

13.Under PMSBY, accidental death claim is available for:a)      Rs.1 lac

b)      Rs.2 lac

c)      Rs.3 lac

d)      None of above

14.Can illiterate person be issued Debit card?a)      No

b)      Yes

c)      Only in case of joint account

d)      Only in case he is head of family

15.NEFT stands fora)      National Electric Fund Transfer

b)      National Electronic Fund Transfer

c)      National Electrical Fund Transfer

d)      None of Above

16.RTFG stands fora)      Real Time Gross Settlement

b)      Ready Time Gross Settlement

c)      Ready Time Grocery Settlement

d)      None of Above



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