CCC Question Answers MCQs on Financial Literacy in English

CCC Question Answers MCQs on Financial Literacy in English Solved Sample Model Question n Paper with answers or Practice Set

No. Question Options
1. Currency notes are issued by a)     RBI

b)     NABARD

c)     Public sector banks

d)     Central Government

2. Coins are issued by a)     Government of India

b)     NABARD

c)     Public sector banks

d)     State Bank of India

3. 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

4. Who can open bank account a)     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 for a)      National Electric Fund Transfer

b)      National Electronic Fund Transfer

c)      National Electrical Fund Transfer

d)      None of Above

16. RTFG stands for a)      Real Time Gross Settlement

b)      Ready Time Gross Settlement

c)      Ready Time Grocery Settlement

d)      None of Above

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6 comments on “CCC Question Answers MCQs on Financial Literacy in English
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