HOW SMART ARE YOU?

How much do you know about the basics of personal finance and banking? Find out if you are as smart as you think you are...

BEGINNER

Q1. What is KYC? a) Kisan Yog Card b) Know Your Credit c) Know Your Customer

Q2. What is bank/ other lender charges as cost of borrowing called? a) Interest earned b) Interest rate c) Interest paid

Q3. What is OTP? a) One Time Payment b) One Time Password c) One Time Pension

Q4. A bank account that doesn’t earn interest? a) Savings Account b) PPF Account c) Current Account

Q5. PIN stands for? a) Personal Identification Number b) Permanent Information Number c) Person Interested in Nature

Q6. The currency note is signed by... a) Prime Minister b) Finance minister c) RBI governor

INTERMEDIATE

Q1. You earn higher interest from FD as a senior citizen? a) Yes b) No

Q2. Savings bank account that does not operate for more than 24 months is called? a) Inactive account b) Dead account c) Dormant account

Q3. Which among the following is the most liquid asset? a) Land b) Gold c) Cash

Q4. A public announcement of an inability to repay a loan is called... a) Deposit b) Bankruptcy c) Mortgage

Q5. Minimum age required to open savings bank account? a) 8 years b) 10 years c) 12 years

Q6. Which is a subsidiary of RBI? a) SIDBI b) NABARD c) National Housing Bank

EXPERT

Q1. What is DIGC? a) Defined Insurance Guarantee Corporation b) Deposit Investment Guaranteed Credit c) Deposit Insurance and Credit Guarantee Corporation

Q2. What is CIR? a) Credit Information Report b) Credit Intelligence Report c) Credit Interest Rate

Q3. The number of characters in an IFSC code is... a) 9 b) 13 c) 11

Q4. The quantity of goods and services you can buy with your money? a) Bank balance b) Buying power c) Inflation

Q5. The gradual increase in overall prices over time a) Interest b) Future value c) Inflation

Q6. Nomination on savings accounts can be? a) Not cancelled b) Cancelled c) Can't be changed