Banking Quiz on Debit Cards Benefits

<p>₹ 5,000 (C)</p> Signup and view all the answers

<p>₹ 5,000 (B)</p> Signup and view all the answers

<p>2 times (C)</p> Signup and view all the answers

<p>10% (A)</p> Signup and view all the answers

<p>₹1000 (D)</p> Signup and view all the answers

<p>Railway ticket bookings (D)</p> Signup and view all the answers

<p>Once every quarter (B)</p> Signup and view all the answers

<p>Personal accident cover (B)</p> Signup and view all the answers

<p>₹100 (C)</p> Signup and view all the answers

<p>₹2 Lakhs (D)</p> Signup and view all the answers

<p>Rs. 500 lakhs (C)</p> Signup and view all the answers

<p>Rs. 25 lakhs (B)</p> Signup and view all the answers

<p>EASE 4.0 (C)</p> Signup and view all the answers

<p>Rs. 1 crore (B)</p> Signup and view all the answers

<p>₹32.07 lakhs crores (C)</p> Signup and view all the answers

<p>Rs. 20 lakhs (C)</p> Signup and view all the answers

<p>35% (A)</p> Signup and view all the answers

<p>Rs. 250 lakhs (C)</p> Signup and view all the answers

<p>₹5000 per transaction (D)</p> Signup and view all the answers

<p>Advances to Commercial Real Estate – Residential Housing Sector (A)</p> Signup and view all the answers

<p>450 GW (A)</p> Signup and view all the answers

<p>90 days (A)</p> Signup and view all the answers

<p>Chief General Manager (HR) (B)</p> Signup and view all the answers

<p>₹500 (A)</p> Signup and view all the answers

<p>We Lead (C)</p> Signup and view all the answers

<p>7 days (B)</p> Signup and view all the answers

<p>₹250 per day (D)</p> Signup and view all the answers

<p>₹10 + GST (B)</p> Signup and view all the answers

<p>₹100 + GST (A)</p> Signup and view all the answers

<p>A (A)</p> Signup and view all the answers

<p>84680 01122 (C)</p> Signup and view all the answers

<p>₹0.20 (A)</p> Signup and view all the answers

<p>₹20 + GST (A)</p> Signup and view all the answers

<p>No fee required (B)</p> Signup and view all the answers

<p>₹ 30 Crores (A)</p> Signup and view all the answers

<p>BOB CMA Card (B)</p> Signup and view all the answers

<p>5 years (B)</p> Signup and view all the answers

<p>₹ 25 Lakhs (B)</p> Signup and view all the answers

<p>₹ 10 Lakhs (C)</p> Signup and view all the answers

<p>Baroda Contractor Scheme (A)</p> Signup and view all the answers

<p>120 months (C)</p> Signup and view all the answers

<p>BOB ICSI Card (B)</p> Signup and view all the answers

The maximum amount of money you can withdraw from an ATM in a single day.

The maximum amount of money you can spend using your debit card at a point of sale (POS) or online in a single day.

A feature that allows you to make small purchases without entering your PIN at a point of sale terminal. You can use it for purchases under a certain amount.

An extra benefit that comes with some debit cards, which provides financial assistance if you are injured or unable to work.

The maximum value of discounts offered on travel bookings with a particular debit card.

This debit card comes with higher daily withdrawal and spending limits compared to regular cards.

This card offers rewards points for spending on fuel at BPCL petrol pumps.

This benefit provides discounts on various activities like airport transfers, outstation cabs, and booking experiences.

This feature offers discounts on bus bookings.

This benefit provides discounts on hotel bookings.

This card allows higher daily limits for ATM withdrawals and POS/E-commerce transactions.

This service provides assistance with various tasks, like flight bookings, table reservations, and gift deliveries.

A loan specifically designed for financing solar energy projects with a minimum loan amount of ₹10 lakhs and a maximum of ₹30 crores. The repayment period can extend up to 120 months, including a grace period.

A loan scheme that provides financial assistance to textile units with a minimum loan amount of ₹25 lakhs and a maximum of ₹50 crores. The repayment period for the term loan is 9 years.

A loan program that provides financial assistance to educational institutions with a minimum loan amount of ₹25 lakhs and a maximum of ₹15 crores (or ₹25 crores for specific cities). The loan can cover term loans, vehicle funding, and overdraft facilities.

A loan scheme that provides credit to artisans with a maximum limit of ₹2 lakhs for a maximum period of 3 years.

A loan scheme that offers credit to small businesses with a maximum limit of ₹10 lakhs for a maximum period of 3 years.

A loan scheme specifically designed for contractors with a minimum loan amount of ₹10 lakhs and a maximum of ₹30 crores. The loan requires a margin of 25% for overdraft and 20% for bank guarantees/letters of credit.

A credit card specifically designed for Micro, Small and Medium Enterprises (MSMEs) with a minimum limit of ₹0.25 lakhs and a maximum limit of ₹10 lakhs.

A credit card specifically designed for Small and Medium Enterprises (SMEs) with a 10% maximum permissible bank finance (MPBF) limit.

A loan scheme offered by banks for small and medium-sized enterprises (SMEs) with a maximum limit of ₹ 10 crores or 4.5 times the borrower's tangible net worth, whichever is lower.

CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) is a government scheme that backs loans up to ₹ 500 lakhs for SMEs, ensuring the lender is covered if the borrower defaults.

The maximum limit for a new credit facility provided by a bank to businesses, regardless of collateral used for other existing loans.

A national scheme that provides loans of ₹ 10 lakhs to ₹ 1 crore to individuals in specific categories, promoting entrepreneurship.

Public Sector Banks launched this initiative in 2015, focusing on improving financial services and customer experience.

A new tax regime introduced to offer simplified tax calculations with standard deductions.

A government initiative to resolve income tax disputes amicably and avoid lengthy court proceedings.

A loan program offered by Mudra (Micro Units Development and Refinance Agency) that was previously capped at ₹ 10 Lakhs but has been increased to ₹ 20 lakhs for businesses that qualified under the 'Tarun' category.

A system used for instant money transfers in India, UPI123pay allows transactions up to INR 10,000 per transaction. It supports 12 languages.

A feature similar to UPI123pay, UPI Lite Wallet allows for faster transactions with a lower limit of INR 5000 per transaction and a daily limit of INR 1000.

Domestically Systematically Important Insurers (D-SII) are major insurance companies deemed crucial for a country's financial stability.

The target is to achieve 450 Gigawatts (GW) of renewable energy capacity by 2030, with 280 GW coming from solar power and 140 GW from wind power.

SEBI (Securities and Exchange Board of India) requires 1000 listed companies to file Business Responsibility and Sustainability Reports (BRSR) to promote corporate social responsibility.

The Reserve Bank of India (RBI) has set different interest rates for various loan categories, including farm credit, residential housing loans, and commercial real estate.

The Bank of Baroda has an Ethics Function led by Dr. Mukund Rajan, ensuring that their code of ethics is followed by employees, customers, and other stakeholders.

The Bank of Baroda's POSH (Prevention of Sexual Harassment) policy ensures women's safety and provides a framework for handling complaints. The entire process should be completed within 90 days.

If your debit card transactions exceed ₹500 in a year, you must report it to the relevant authorities.

The Right to Information (RTI) Act allows citizens to request information from public authorities. You can access information by paying a fee of ₹10, and the reply is expected in 30 days. Penalties may apply for delayed responses.

The Consumer Protection Act (COPRA) protects consumer rights. It establishes forums at different levels to handle consumer complaints and grievances based on the financial amount involved. District, State, and National Forums handle cases based on the limit.

Banks charge fees for certain transactions like ATM withdrawals. For financial transactions, the fee is ₹10 + GST, and for non-financial transactions, it's ₹5 + GST.

Banks charge fees for home banking services. The cost can vary based on customer type.

Bank accounts have limits on the number of transactions they allow, and charges apply beyond those limits.

Banks may charge for closing bank accounts. They waive these charges if the account is closed within 14 days. Otherwise, they impose a fee after 14 days but within one year from the date of the first transaction.

Banks may charge for declining debit card transactions due to insufficient funds.