IIBF BC Exam

Business Correspondents / Facilitators Exam – Introduction
Business Correspondents (BCs) play an important role in achieving financial inclusion. The BCs act as a bridge between Bank branches and the people in the area. A BC is the first point of contact and the front face of the bank branch to the people. In order to enable the BCs to be more effective, they need to be imparted the desired level of knowledge. In this context, IIBF has launched a certificate examination with the following objectives.

1.

Demand deposit can be withdrawn on ____

 Request

 Demand

 Persuasion

 Sanction by manager

2.

Who can stop the payment of cheque?

 Nominee

 Beneficiary

 Drawer

 None of the above

3.

What is the minimum deposit required to open a BSBD account?

 Rs.100/-

 Rs.500/-

 Rs.1000/-

 No minimum deposit required

4.

In recurring deposits,

 Interest is paid at FDR rate

 Period of deposit is a fixed tenure

 If fixed some is deposited every month

 All of the above

5.

Smart cards use PINs rather than passwords. What does PIN stand for?

 Pure Interest Number

 Personal Identical Number

 Personal Identification Number

 None of the above

6.

What is the maximum period for which crop loans are given?

 6 months

 9 months

 12 months

 18 months

7.

Principle functions of banks are:

 Accepting deposits

 Landing and investing

 Non-fund business and remittance service

 All of the above

8.

NPAs are critical for the health of a bank. What does NPA stand for?

 Net performing asset

 New performing asset

 Non performing asset

 New promising asset

9.

What name has been given to the business correspondent agent who facilitate bank and banking related services, especially in unbanked areas of the country?

 Bank Mitra

 Bank Sathi

 Bank Dost

 None of the above

10.

Which of the following type of deposits or higher interest rate?

 Savings Account

 Current Account

 Fixed Deposits

 None of the above

11.

A micro Enterprise in manufacturing sector is one where the investment in plant and machinery does not exceed Rs.____

 10 lakhs

 15 lakhs

 20 lakhs

 25 lakhs

12.

Which of the following is the tagline of Pradhan Mantri Jan-Dhan Yojana (PMJDY) ?

 Mera Khata Bhagya Vidhata

 Mera Khata Sabka Vidhata

 Mera Khata Mera Vidhata

 None of the above

13.

Branches may not open accounts for those customers who are not able to provide KYC documents provided KYC documents, provided, the total credits summation in all the accounts taken together is not expected to exceed Rs. ____ in a year.

 1 Lakh

 3 Lakhs

 5 Lakhs

 7 Lakhs

14.

Working capital credit facilities are intended to made the borrower’s ____ credit requirements.

 Short-term

 Long-term

 Medium

 All of the above

15.

Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY), covers life insurance up to Rs.____

 1 Lakh

 2 Lakhs

 3 Lakhs

 4 Lakhs

16.

In Recurring Deposits, interest is not paid at FDR rate.

 True

 False

17.

With which type of MSE businesses under Income Generation Purpose is the MUDRA scheme applicable to?

 Newly startups

 Existing businesses for expansion

 Existing business for upgradation

 All of the above

18.

SLBC is a forum at State level ensuring co-ordination between Government and Banks on matters pertaining to banking development. What does SLBC stand for?

 State Level Banking Committee

 State Level Banking Certificate

 Static Level Banking Club

 None of the above

19.

A recurring deposit account requires the customer to deposit a fixed amount ____

 At will for a specified period

 At a specified intervals for any period

 At specified intervals for a specified period

 All of the above

20.

Overdraft facility of Rs.5,000/- in PMJDY Account is available to ____

 One account per household

 Customers in age group of 18-60 years

 After 6 months of satisfactory conduct of account

 All of the above

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IIBF (BC/BC) Certification FAQs

What is IIBF Business Correspondents/Facilitators (BC/BF) certification?It is a professional certification exam in Business Correspondents (BCs) / Business Facilitators (BFs) conducted by the Indian Institute of Banking and Finance. IIBF (Business Correspondent) certified candidates earn academic credential that can offer career growth opportunities.Is it a computer based test?Yes, IIBF (BC / BF) examination is held in online mode.Do I have to pay for this mock test?No, this IIBF Business Correspondents mock test is absolutely free.

Business Correspondents / Facilitators Exam – Introduction

Business Correspondents (BCs) play an important role in achieving financial inclusion. The BCs act as a bridge between Bank branches and the people in the area. A BC is the first point of contact and the front face of the bank branch to the people. In order to enable the BCs to be more effective, they need to be imparted the desired level of knowledge. In this context, IIBF has launched a certificate examination with the following objectives.

The objective of the course is to provide basic knowledge in banking operations and help the Business Correspondents / Facilitators understand the following aspects:

• The role / functions of banks
• The basics of banking operations and procedures
• Role and function of BC / BFs
• Financial advising and counselling
• PMJDY, PMJJBY, PMSBY, APY
• Central Govt. and Local Govt. Sponsored Schemes.

MEDIUM OF EXAMINATION :

Examination will be conducted in English, Hindi and other vernacular languages viz., Marathi, Malayalam, Gujarati, Kannada, Oriya, Bengali, Tamil, Telugu and Assamese.

PATTERN OF EXAMINATION:

• (i) Question Paper will contain 100 objective type multiple choice questions for 100 marks. The Institute may however vary the number of questions to be asked for a subject
• (ii) The examination will be held in Online Mode only
• (iii) There will NOT be negative marking for wrong answers.

DURATION OF EXAMINATION:

The duration of the examination will be of 2 hours

SYLLABUS

• General Banking
  • Deposits
  • Accounting, Finance & Operations
  • Structure of Indian Banking and Types of Banks
  • Principles of Lending
  • Loans and Advances
  • Different Categories of Loans
• Financial Inclusion and Role of BCs
  • Role of FLCs
  • Role of ICT in Financial Inclusion
  • PMJDY, PMJJBY, PMSBY, APY
• Technical Skills
  • Handling Micro ATMs, Biometric and Other Devices etc.
  • Digital Banking Products
• Central Government and Local State Government Sponsored Schemes
• Soft Skills and Behavioural Aspects

ELIGIBILITY

Candidates with SSC / SSLC / Matriculation or equivalent qualification will be eligible for admission.

Passing Criteria

50%

EXAMINATION FEES

For one attempt 800/- Plus GST