Computer Literacy in Banking (Chapter-14): Comprehensive 120 MCQs for Competitive Exam Preparation in India Computer AwarenessTest 1Test 2Test 3Test 4Test 5Test 60% Report a question What's wrong with this question?You cannot submit an empty report. Please add some details. Computer Literacy in Banking MCQs Test-320 MCQs20 Marks10 Minutes 1 / 20What is the penalty for not complying with KYC norms? Free account for a year Account closure or restriction on operations Free movie tickets Ban from using mobile banking 2 / 20What is the minimum age requirement to open a bank account? 21 years 12 years 18 years 25 years 3 / 20Which type of bank account is suitable for earning interest while keeping funds liquid? Fixed deposit account Recurring deposit account Current account Savings account 4 / 20What is the primary document required for KYC verification? Fitness certificate Facebook profile Passport Pan card 5 / 20Which of the following documents is NOT required to open a bank account? Birth certificate PAN card Aadhaar card Passport-sized photograph 6 / 20What is the purpose of providing an address proof when opening a bank account? To receive emails from the bank To receive ATM card offers To ensure the account holder's identity To receive discounts at local stores 7 / 20Which of the following is a commonly accepted identification document for opening a bank account? Passport Bus ticket College ID card Shopping receipt 8 / 20What is the first step in opening a bank account? Depositing money Filling out an application form Choosing the bank's location Setting up online banking 9 / 20Why do banks need to follow KYC norms? To prevent identity theft and money laundering To sell insurance policies To inconvenience customers To increase bank fees 10 / 20What is the main purpose of a fixed deposit account? Instant access to funds Only for senior citizens Regular investment with a fixed return Earning high interest with flexible withdrawals 11 / 20What is the key difference between a savings account and a current account? Savings account has no withdrawal limit Current account is for business purposes Savings account offers higher interest Current account is suitable for long-term savings 12 / 20What is the main characteristic of a savings account? Withdrawal restrictions Fixed term Used for business purposes High interest rates 13 / 20What is KYC? Keep Your Cash Know Your Customer Keep Your Credit Know Your Card 14 / 20What is a pension? A one-time payment for buying a car An investment in stocks A regular payment after retirement A type of loan 15 / 20What is an overdraft facility? A retirement account An investment account A savings account Borrowing more money than you have in your account 16 / 20What information is collected under KYC? Blood type Color preference Social media profiles Personal and financial information of customers 17 / 20Why is it important to provide a valid mobile number when opening a bank account? To get discounts on mobile recharge To receive spam calls To receive daily balance updates To receive transaction alerts and OTPs 18 / 20What is the purpose of remittances? Borrowing money from the bank Opening a fixed deposit account Transferring funds from one place to another Buying luxurious items 19 / 20What is a personal loan? A loan for buying a house A loan for personal expenses like weddings or education A loan for purchasing a car A loan for business expansion 20 / 20Which type of bank account is primarily designed for business transactions? Fixed deposit account Recurring deposit account Current account Savings account Previous 1 2 3 4 5 6 7NextRelated Posts Mastering Computer Abbreviations (Chapter-14): A Competitive Exam Guide (210+ MCQs) MS Excel Mastery Quiz (Chapter-6): 110 MCQs to Test Your Spreadsheet Skills! Internet & Web Browsers MCQs Tests (Chapter-8): Prepare for Competitive Exams with 110+ MCQsLeave a Reply Cancel Reply Save my name, email, and website in this browser for the next time I comment. I have read and accepted the Privacy Policy * Δ
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