- Theory
- Practical
Sample Questions: BFSI Sector, Theory
| Question 1 | |
|---|---|
| In which of the following file formats data can be exported from management information systems for analysis? | |
| Option 1 | .jpg |
| Option 2 | .csv |
| Option 3 | .exe |
| Option 4 | .css |
| Right Option | 2 |
| Question 2 | |
|---|---|
| What is ad hoc reporting? | |
| Option 1 | Reports scheduled in advance |
| Option 2 | Custom reports created for a specific purpose |
| Option 3 | Reports that are generated weekly |
| Option 4 | Condensed version of detailed report |
| Right Option | 2 |
| Question 3 | |
|---|---|
| An automated report system needs to determine if a sales figure is ‘Excellent’, ‘Good’, or ‘Needs Improvement’. Which function is best suited for this? | |
| Option 1 | VLOOKUP |
| Option 2 | IF combined with nested conditions |
| Option 3 | Data Sort |
| Option 4 | Chart Selection |
| Right Option | Choice-2 |
| Question 4 | |
|---|---|
| What is the correct guideline for collecting an Aadhaar card for customer verification in a financial institution? | |
| Option 1 | Aadhaar should be collected only in physical form and stored manually. |
| Option 2 | Institutions can collect Aadhaar details digitally with customer consent and follow UIDAI masking guidelines. |
| Option 3 | Aadhaar must be collected along with PAN in all cases, with no exceptions. |
| Option 4 | Aadhaar can be stored without encryption for internal use. |
| Right Option | 2 |
| Question 5 | |
|---|---|
| Which of the following documents is NOT acceptable as proof of identity for a foreign citizen applying for a PAN in India? | |
| Option 1 | Copy of Passport |
| Option 2 | Copy of Person of Indian Origin (PIO) card issued by the Government of India |
| Option 3 | Copy of Overseas Citizenship of India (OCI) card issued by the Government of India |
| Option 4 | Copy of Driver’s License issued in the applicant’s country of residence |
| Right Option | 4 |
| Question 6 | |
|---|---|
| The Permanent Account Number (PAN) is a unique _______-digit alphanumeric identifier issued by the Income Tax Department of India. | |
| Option 1 | 12 |
| Option 2 | 8 |
| Option 3 | 10 |
| Option 4 | 15 |
| Right Option | 2 |
| Question 7 | |
|---|---|
| The TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal is primarily used for managing _______ related activities. | |
| Option 1 | Direct Tax Code filing |
| Option 2 | GST returns |
| Option 3 | TDS and TCS compliance |
| Option 4 | Bank loan applications |
| Right Option | 3 |
| Question 8 | |
|---|---|
| What is the primary purpose of segmenting prospective customers in the banking industry? | |
| Option 1 | To increase marketing costs |
| Option 2 | To better understand customer needs and provide tailored services |
| Option 3 | To reduce the number of customers in a bank |
| Option 4 | To avoid offering financial services in rural areas |
| Right Option | 2 |
| Question 9 | |
|---|---|
| Which Indian government initiative encourages door-to-door banking services for financial inclusion? | |
| Option 1 | Start-Up India |
| Option 2 | Pradhan Mantri Jan Dhan Yojana (PMJDY) |
| Option 3 | Make in India |
| Option 4 | Digital India |
| Right Option | 2 |
| Question 10 | |
|---|---|
| ________is an asset of the bank. | |
| Option 1 | Deposits |
| Option 2 | Loans |
| Option 3 | Borrowings |
| Option 4 | Current libilities |
| Right Option | 2 |
Sample Questions: BFSI Sector, Practical
| S.No | Sub-sector | Job role / QP code /Version /NSQF level | NOS | Question | Answer |
|---|---|---|---|---|---|
| 1 | Lending | Accounts Assistant /BSC Q4101/V4/ 4 | BSC/N4101: Perform data analysis using MS-Excel | During an audit, it was found that some financial data is inconsistent. You are asked to rectify this by collecting accurate data. Which department should be prioritized for initial data collection? | Finance |
| 2 | Finance and Accounts | Accounts Assistant/BSC Q8103/V4/ 4 | BSC/N8108: Prepare tax compliance related document | Rahul is applying to register his new company under the Ministry of Corporate Affairs (MCA) in India. He submits documents, including the Memorandum of Association (MoA), Articles of Association (AoA), and identity proof of directors. However, during the verification process, the registrar finds that one of the director’s identity proofs is unclear. What should Rahul do next to ensure a smooth registration process? | Resubmit the unclear document with a clearer copy as per MCA guidelines. |
| 3 | Lending | BSC/N8401: Source customers for banking services | BSC/N8401: Source customers for banking services | Small and marginal farmers with land holdings of 5 acres and less and landless laborers, tenant farmers and share croppers are given loans under ____________. | Finance for weaker sections |
