CCC Question Answers MCQs on Financial Literacy in English

31. Currency notes are issued by

a) RBI

b) NABARD

c) Public sector banks

d) Central Government

32. Coins are issued by

a) Government of India

b) NABARD

c) Public sector banks

d) State Bank of India

33. Bank Pass Book is

a) Issued by Bank

b) Contains transaction details of Bank account

c) Shows balance in account

d) All of above

34. Banks pays interest on

a) Deposits

b) Loans

c) Both (a) & (b)

d) None of above

35. Bank charges interest on

a) Deposits

b) Loans

c) Both (a) & (b)

d) None of above

36. Education Loans

a) Cover tuition fee & expenses

b) Are repayable after completion of course

c) Granted for studies in India & abroad

d) All of above

37. Business Correspondent means

a) An agent who provides banking services

b) An agent of business house

c) A type of money lender

d) None of above

38. Internet banking refers to

a) Operation of account through internet

b) Opening of account through ATM

c) Both (a) & (b)

d) None of above

39. Nomination once done can

a) Not be cancelled

b) Be cancelled

c) Not be changed

d) None of above

40. Who can open bank account?

a) Indian citizen

b) Non Resident Indian

c) Illiterate

d) All of above