• Theory
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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 Option2
Question 2
What is ad hoc reporting?
Option 1Reports scheduled in advance
Option 2Custom reports created for a specific purpose
Option 3Reports that are generated weekly
Option 4Condensed version of detailed report
Right Option2
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 1VLOOKUP
Option 2IF combined with nested conditions
Option 3Data Sort
Option 4Chart Selection
Right OptionChoice-2
Question 4
What is the correct guideline for collecting an Aadhaar card for customer verification in a financial institution?
Option 1Aadhaar should be collected only in physical form and stored manually.
Option 2Institutions can collect Aadhaar details digitally with customer consent and follow UIDAI masking guidelines.
Option 3Aadhaar must be collected along with PAN in all cases, with no exceptions.
Option 4Aadhaar can be stored without encryption for internal use.
Right Option2
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 1Copy of Passport
Option 2Copy of Person of Indian Origin (PIO) card issued by the Government of India
Option 3Copy of Overseas Citizenship of India (OCI) card issued by the Government of India
Option 4Copy of Driver’s License issued in the applicant’s country of residence
Right Option4
Question 6
The Permanent Account Number (PAN) is a unique _______-digit alphanumeric identifier issued by the Income Tax Department of India.
Option 112
Option 28
Option 310
Option 415
Right Option2
Question 7
The TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal is primarily used for managing _______ related activities.
Option 1Direct Tax Code filing
Option 2GST returns
Option 3TDS and TCS compliance
Option 4Bank loan applications
Right Option3
Question 8
What is the primary purpose of segmenting prospective customers in the banking industry?
Option 1To increase marketing costs
Option 2To better understand customer needs and provide tailored services
Option 3To reduce the number of customers in a bank
Option 4To avoid offering financial services in rural areas
Right Option2
Question 9
Which Indian government initiative encourages door-to-door banking services for financial inclusion?
Option 1Start-Up India
Option 2Pradhan Mantri Jan Dhan Yojana (PMJDY)
Option 3Make in India
Option 4Digital India
Right Option2
Question 10
________is an asset of the bank.
Option 1Deposits
Option 2Loans
Option 3Borrowings
Option 4Current libilities
Right Option2

Sample Questions: BFSI Sector, Practical


S.NoSub-sector Job role / QP code /Version /NSQF levelNOSQuestionAnswer
1LendingAccounts Assistant /BSC Q4101/V4/ 4BSC/N4101: Perform data analysis using MS-ExcelDuring 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
2Finance and AccountsAccounts Assistant/BSC Q8103/V4/ 4BSC/N8108: Prepare tax compliance related documentRahul 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.
3LendingBSC/N8401: Source customers for banking servicesBSC/N8401: Source customers for banking servicesSmall 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

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