BFSI | Assesments

A BFSI internship provides hands-on experience in the finance sector, covering areas such as banking operations, financial analysis, customer service, investment planning, risk management, and insurance processing. Interns gain insights into how financial institutions operate and are introduced to tools, policies, and compliance procedures.

Objectives

Understand the structure and functions of the BFSI industry.
Gain experience with financial products like loans, mutual funds, insurance policies, etc.
Learn regulatory frameworks (e.g., RBI guidelines, IRDAI norms).
Assist in data analysis, customer onboarding, market research, or process improvement.

Key Responsibilities

Assist with account opening, KYC documentation, and transaction processing.
Analyze customer portfolios and suggest financial products.
Support in auditing, compliance checks, and risk assessment.
Perform competitor/market research and prepare reports.
Use tools like Excel, Tally, or financial CRMs for data entry or analysis.

Skills You’ll Gain

Financial Analysis & Reporting
Communication & Client Handling
Basic Accounting & Taxation
Regulatory Compliance Knowledge
Use of tools like MS Excel, CRM systems, and banking software
Understanding of financial instruments and risk products

Important Notice:
Once you start the quiz, you will not be able to pause, exit, or restart it. Please ensure you are ready before begin.

Banking, financial services and insurance D1

1 / 50

1) Which app was launched by the Government to ease credit to MSMEs?

a) Udyog Mitra

b) Bharat Udyam

c) MSME Connect

d) PSB Loans in 59 Minutes

2 / 50

2) Who regulates IPOs in India?

a) BSE

b) IRDAI

c) SEBI

d) RBI

3 / 50

3) PAN is mandatory for:

a) None of the above

b) Getting ATM card

c) Opening a basic savings account

d) Depositing cash above ₹50,000

4 / 50

4) Basel Norms are related to:

a) Taxation

b) Insurance rules

c) Capital adequacy in banks

d) Agriculture loans

5 / 50

5) If a bank gives 8% simple interest per annum, what will ₹5,000 become in 3 years?

a) ₹6,200

b) ₹5,800

c) ₹6,500

d) ₹6,000

6 / 50

6) Which act governs foreign exchange in India?

a) FERA

b) FEMA

c) FEBA

d) FEMA 2.0

7 / 50

7) In Budget 2025, what is the government’s target fiscal deficit?

a) 6.4%

b) 5.1%

c) 4.5%

d) 3.5%

8 / 50

8) Which quality is most important in customer service?

a) Empathy

b) Friendliness

c) Strictness

d) Casualness

9 / 50

9) A BFSI employee must maintain:

a) Strict body language

b) Customer trust and data confidentiality

c) Product knowledge only

d) Aggressive sales attitude

10 / 50

10) A PAN card is issued by:

a) SEBI

b) RBI

c) NSDL

d) Income Tax Department

11 / 50

11) A man sells a product at ₹1,200 and gains 20%. What was the cost price?

a) ₹980

b) ₹1,000

c) ₹960

d) ₹900

12 / 50

12) If the interest earned on ₹6,000 for 2 years is ₹960, what is the rate of interest?

a) 8%

b) 12%

c) 10%

d) 7%

13 / 50

13) Which entity regulates commodity markets?

a) RBI

b) FMC

c) IRDAI

d) SEBI

14 / 50

14) What is the average of 12, 14, 16, 18, 20?

a) 15

b) 18

c) 16

d) 17

15 / 50

15) A person spends 30% of his income on rent, 25% on food, and 15% on travel. What percent is left?

a) 30%

b) 35%

c) 25%

d) 20%

16 / 50

16) KYC stands for:

a) Know Young Customer

b) Know Your Character

c) Know Your Customer

d) Know Your Country

17 / 50

17) Which of the following are included in Priority Sector Lending?

a) Education

b) Micro & Small Enterprises

c) All of the above

d) Agriculture

18 / 50

18) ATM stands for:

a) Automatic Teller Machine

b) Any Time Money

c) All of the above

d) Automated Teller Machine

19 / 50

19) What does NACH stand for?

a) None of the above

b) New Account Clearing Help

c) National Automated Clearing House

d) National Account Clearing House

20 / 50

20) If 4 pens cost ₹32, what is the cost of 10 pens?

a) ₹60

b) ₹90

c) ₹80

d) ₹100

21 / 50

21) The ratio of the ages of A and B is 3:4. If A is 24 years, what is B’s age?

a) 40

b) 32

c) 30

d) 36

22 / 50

22) ‘Bank rate’ is:

a) Rate charged for ATM usage

b) Rate at which RBI lends money to commercial banks

c) Rate at which money can be withdrawn

d) Rate at which banks give loans to customers

23 / 50

23) A sum of money doubles in 4 years at simple interest. What is the rate per annum?

a) 35%

b) 25%

c) 30%

d) 20%

24 / 50

24) Which regulator was merged with SEBI in 2015?

a) TRAI

b) FMC

c) RBI

d) IRDAI

25 / 50

25) What digital currency pilot was launched by RBI?

a) BharatCoin

b) e-Paisa

c) e-RUPI

d) e₹ (e-Rupee)

26 / 50

26) Which among the following is a public sector insurance company?

a) HDFC Life

b) SBI Life Insurance

c) National Insurance Company

d) ICICI Lombard

27 / 50

27) Which is the regulator of Microfinance Institutions (MFIs)?

a) NABARD

b) SEBI

c) RBI

d) SIDBI

28 / 50

28) Which scheme aims to promote financial inclusion by providing banking services to all households?

a) Ujjwala Yojana

b) PMJDY

c) MGNREGA

d) Atal Pension Yojana

29 / 50

29) Communication in banking is important to:

a) Build clarity and trust

b) Close the case quickly

c) Avoid giving complete information

d) Argue with customers

30 / 50

30) The best way to deal with a dissatisfied customer is to:

a) Redirect to another department

b) Ignore the complaint

c) Listen actively and respond with empathy

d) Argue with them

31 / 50

31) Which scheme focuses on financial inclusion through direct bank transfers?

a) PMGKY

b) PMFBY

c) PMEGP

d) PMJDY

32 / 50

32) What is the repo rate as per the latest MPC announcement (2025)?

a) 6.50%

b) 7.00%

c) 5.75%

d) 6.00%

33 / 50

33) What is the minimum age required to open a Savings Bank (SB) account in India?

a) 10 years

b) 15 years

c) 12 years

d) 8 years

34 / 50

34) Find the missing number: 8, 16, 32, ?, 128

a) 64

b) 56

c) 96

d) 48

35 / 50

35) Which Indian bank was recently included in the world’s top 50 banks by market cap?

a) HDFC Bank

b) Axis Bank

c) SBI

d) ICICI Bank

36 / 50

36) The headquarters of RBI is in:

a) Chennai

b) Mumbai

c) Hyderabad

d) Delhi

37 / 50

37) Which of the following is a government body?

a) Bajaj Finance

b) HDFC

c) SEBI

d) ICICI

38 / 50

38) A person invests ₹10,000 at 10% compound interest for 2 years. What is the final amount?

a) ₹12,000

b) ₹11,000

c) ₹12,100

d) ₹11,200

39 / 50

39) Who is the current Governor of the RBI (as of 2025)?

a) Urjit Patel

b) D Subbarao

c) Raghuram Rajan

d) Shaktikanta Das

40 / 50

40) What does CRR stand for in banking?

a) Capital Reserve Requirement

b) Core Reserve Rate

c) Credit Reserve Ratio

d) Cash Reserve Ratio

41 / 50

41) Which of these is NOT regulated by RBI?

a) NBFCs

b) Foreign Exchange

c) Mutual Funds

d) Scheduled Banks

42 / 50

42) Which of these are not a function of commercial banks?

a) Credit creation

b) Accepting deposits

c) Issuing currency

d) Providing loans

43 / 50

43) KYC is mandatory under:

a) RBI Act

b) Companies Act

c) Insurance Act

d) Prevention of Money Laundering Act

44 / 50

44) LIC IPO was launched in which year?

a) 2022

b) 2019

c) 2018

d) 2023

45 / 50

45) Which payment interface has revolutionized real-time digital payments in India?

a) RTGS

b) UPI

c) NEFT

d) IMPS

46 / 50

46) Which of the following is a credit rating agency?

a) IRDAI

b) SIDBI

c) RBI

d) CARE

47 / 50

47) Which bank recently merged with HDFC Bank in 2023?

a) HDFC Ltd

b) Kotak Bank

c) ICICI Home Finance

d) Axis Bank

48 / 50

48) While dealing with an elderly customer, the best approach is:

a) Transfer the call

b) Use technical jargon

c) Hurry through the conversation

d) Be patient and respectful

49 / 50

49) Which of these is a function of SEBI?

a) Regulating insurance

b) Issuing loans

c) Regulating stock exchanges

d) Monitoring inflation

50 / 50

50) Which account is a zero-balance account with additional benefits, introduced as part of financial inclusion?

a) Recurring Deposit

b) Fixed Deposit

c) PMJDY Account

d) NRE Account

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Objectives

Key Responsibilities

Skills You’ll Gain

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