CCC Question Answers MCQs on Financial Literacy in English

1.  we should keep our savings with banks because
   a) It is safe
   b) Earns interest
   c) Can be withdrawn anytime
   d) All of above 

2. Bank does not give loan against
   a) Gold Ornaments
   b) LIC policy
   c) Lottery ticket
   d) NSC

3. Bank having maximum number of branches in India
   a) Reserve Bank of India
   b) State Bank of India
   c) Punjab National Bank
   d) Bank of Baroda
4. 100/- Rupee note is signed by
   a) Prime Minister
   b) Finance Minister
   c) RBI Governor
   d) None of above 

5. ATM password should be kept in
   a) Personal diary
   b) Office diary
   c) Memory
   d) All of above 

6. ATM password to be shared only with
   a) Spouse
   b) Obedient son
   c) Obedient daughter
   d) None of above 

7. Nomination can be done in
   a) Savings Bank account
   b) Recurring Deposit account
   c) Fixed Deposit account
   d) All of above 

1. 8. Who is the present Governor of RBI?
      a) C. Chakrabarty
      b) D K Mittal
      c) Raghuram Rajan
      d) Montek Singh Ahluwalia

9. Minimum age required to open SB account in the bank
a) 8 years
b) 10 years
c) 12 years
d) None of above

11. Bank does not provide loans for
    a) Crop loans
    b) Education loans
    c) Home loans
    d) Drinking & Gambling

12. KYC means
    a) Know your customer
    b) Know your character
    c) Both of above
    d) None of above

13. Loans from money lenders are
    a) With High rate of interest
    b) No proper accounting
    c) No transparency
    d) All of above

14. ATM means
    a) Any Time Money
    b) Auto Truck of Mahindra
    c) Automated Teller Machine
    d) None of above 

15. Timely repayment of loans results
    a) Good reputation
    b) No tension
    c) Easily availability of loan in future
    d) All of above 

16. Defaulter of loan means
    a) Not paying loan installments
    b) Bad reputation
    c) Illegal activities
    d) None of above 

17. Life insurance means
    a) Insurance of human
    b) Insurance of life of human and Cattle
    c) Insurance of Life of Machines
    d) All of above

18. General Insurance relates to insurance against
    a) Fire
    b) Theft
    c) Burglary
    d) All of above

19. Aadhaar is
    a) 12 digit number card
    b) Identity proof issued by UIDAI
    c) Both (a) & (b)
    d) None of above 

20. E or S means
    a) East or South zone
    b) Easy and Swift
    c) Either or Survivor
    d) None of above

21. Which is prohibited for writing on currency notes?

a) Political message

b) Religious message

c) Personal message

d) All of above

22. PPF means

a) Pension Planning Funds

b) Person having Pension Facilities

c) Public Provident Fund

d) Permanent Practitioner’s Forum

23. Highest denomination of currency notes issued by RBI is

a) 100/-

b) 500/-

c) 1,000/-

d) 10,000/-

24. NRI means

a) Non Rural Individuals

b) Non Rural Immigrants

c) Non Resident Indian

d) None of above

25. PAN means

a) A kind of utensil

b) Primary Account Number

c) Permanent Account Number

d) None of above

26. Who is the present Chairman of State Bank of India?

a) Arundhati Bhattacharya

b) P. Bhatt

c) Pratip Chaudhuri

d) Chanda Kochar

27. Bank provides loans for

a) Home

b) Car

c) Education

d) All of above

28. Which currency note has security thread?

a) 50/-

b) 100/-

c) 500/-

d) All of above

29. The safest place for keeping money

a) A pit dug in the ground

b) An iron box

c) Bank

d) Money lender

30. Gold and silver ornaments should be kept in bank lockers

a) It is safe

b) No risk of theft

c) Both (a) & (b)

d) None of above