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Key Facts: Haryana BSEH Secondary NSQF BFSI Exam

BFI 978

BSEH Secondary NSQF subject code (BFSI)

BSEH Class 10 NSQF syllabus / QP design 2025–26

30 + 50 + 20

Theory + Practical + Internal Assessment

BSEH NSQF Course Structure 2025–26 (confirm circular)

2h 30m

Theory Paper Duration

BSEH NSQF Question Paper Design 2025–26

33%

Typical Pass Threshold

Standard BSEH Secondary passing criteria (confirm current circular)

100 FREE

English MCQ practice questions on this page

OpenExamPrep 2026 study adaptation

BSEH Secondary NSQF BFSI (Code BFI 978) is Haryana’s Class 10 Banking, Financial Services & Insurance skill paper: Theory 30 + Practical 50 + IA 20 = 100, about 2h 30m theory, pass typically 33%. Free English MCQ practice covers receivables, microfinance, customer service, ethics, and employability—not a full written/practical simulation.

Sample Haryana BSEH Secondary NSQF BFSI Practice Questions

Try these sample questions to review concepts for the Haryana BSEH Secondary NSQF BFSI exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What is microfinance primarily designed to provide?
A.Small financial services to low-income individuals and groups who lack access to traditional banking
B.Only large corporate project loans with high collateral
C.Stock market trading accounts for high-net-worth investors
D.Foreign exchange hedging products for exporters only
Explanation: Microfinance delivers small-scale credit, savings, and related services to low-income people and groups who are often excluded from mainstream banking.
2What does financial inclusion mainly aim to achieve?
A.Limiting banking services to urban salaried customers only
B.Access to useful and affordable formal financial products and services for all segments of society
C.Replacing all cash transactions with cryptocurrency nationwide
D.Increasing bank branch rents in commercial districts
Explanation: Financial inclusion means bringing people into the formal financial system with affordable, useful products such as accounts, credit, insurance, and payments.
3Which statement best distinguishes microfinance from financial inclusion?
A.Microfinance and financial inclusion are identical terms with no difference
B.Financial inclusion only means giving free cash to every household
C.Microfinance is a set of small-scale financial services; financial inclusion is the broader goal of universal formal financial access
D.Microfinance is only life insurance sold in cities
Explanation: Microfinance is a service model (small loans/savings etc.). Financial inclusion is the wider policy goal of ensuring everyone can access formal finance.
4In microfinance, what does the collection process mainly involve?
A.Designing new bank buildings in metropolitan cities
B.Setting RBI policy rates for the entire banking system
C.Issuing equity shares on the stock exchange
D.Receiving loan repayments from customers according to schedule and recording them correctly
Explanation: Collection is the operational process of receiving scheduled loan repayments and accounting for them properly.
5Why must microfinance collectors follow legal guidelines during recovery?
A.To protect customer rights and avoid harassment while recovering dues lawfully
B.To ignore all documentation and speed up cash pickup only
C.To force customers to sell homes without due process
D.To share private loan data publicly for marketing
Explanation: Legal recovery guidelines prevent abusive practices and ensure collections respect customer rights and applicable law.
6What is biometric verification commonly used for in microfinance group meetings?
A.Measuring the height of bank furniture for interior design
B.Confirming the identity of group members before transactions or attendance recording
C.Predicting stock prices for equity research
D.Calculating corporate income tax for large firms
Explanation: Biometrics (for example fingerprints) help confirm that the correct group member is present and authorizing the transaction.
7Why do microfinance institutions conduct group meetings?
A.To cancel all loan agreements permanently each week
B.To train only investment bankers for derivatives trading
C.To collect repayments, share information, reinforce group discipline, and support peer monitoring
D.To close every customer account after one meeting
Explanation: Group meetings are a core microfinance operating practice for collections, information sharing, and peer support/discipline.
8What does POS stand for in banking and payments context?
A.Proof of Salary
B.Public Ownership Scheme
C.Priority Overnight Settlement
D.Point of Sale
Explanation: POS (Point of Sale) is the terminal or system where a payment transaction is accepted at the merchant or service point.
9Which is a key benefit of using a POS system?
A.Faster, more accurate billing and electronic payment capture with better records
B.Eliminating the need for any customer identification forever
C.Removing all regulatory compliance requirements
D.Guaranteeing zero loan defaults automatically
Explanation: POS systems speed checkout, reduce cash-handling errors, and create electronic records of transactions.
10After field cash collection in microfinance, what should the officer typically do next?
A.Keep cash indefinitely without any record
B.Update receipts, account for cash, and report collections to the branch as per process
C.Lend the collected cash informally to friends
D.Destroy loan cards so no audit is possible
Explanation: Proper process requires receipting, updating records, and reporting collected cash to the branch.

About the Haryana BSEH Secondary NSQF BFSI Exam

The Haryana Secondary NSQF Banking, Financial Services & Insurance examination is the Class 10 skill-subject paper conducted by the Board of School Education Haryana (BSEH). Subject code BFI 978 assesses collection of receivables, microfinance services, customer-centric orientation, banking integrity and ethics, teamwork, and Class 10 employability skills (communication, self-management, ICT, entrepreneurship, green skills). Full subject marks under the 2025–26 scheme are Theory 30 (60/2) + Practical 50 + Internal Assessment 20 = 100, with a theory duration of about 2 hours 30 minutes. The official paper is a mixed written theory exam plus practical/portfolio/viva components, not pure multiple-choice. The 100 questions on this page are an English-language multiple-choice study adaptation with step-by-step explanations for concept drills and self-assessment.

Exam sponsor: Board of School Education Haryana (BSEH). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Official (2025–26): Theory paper Code BFI 978, about 2 hours 30 minutes — Objective 15 marks, Very Short 12, Short Answer 18, Essay 15 (60 marks total, Theory contribution 30 after 60/2 scaling); External Practical 50 (hands-on skill, portfolio, viva components per Board scheme); Internal Assessment 20; grand total 100. Local bank: English MCQ study adaptation with explanations.

Time Limit

2 hours 30 minutes for the theory paper (confirm the current BSEH Secondary timetable / date sheet for Code BFI 978)

Passing Score

Typically 33% under standard BSEH Secondary / NSQF skill-subject rules; confirm the latest Board circular for external theory, practical, and aggregate requirements.

Exam / Certification Fees

Included in the annual BSEH Secondary examination fee notification.

Exam sponsor website

Reported exam pass rate: Overall Secondary pass percentages are published with each BSEH result; no fixed standing subject-wise BFSI pass-rate figure is used here.. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

27%

Collection of Receivables

Microfinance and financial inclusion; collection process and legal guidelines; biometric verification and group meetings; POS; cash collection and branch reporting; settlements, overdue, write-off; NPA types; MUDRA, NBFC, and Public Credit Registry.

25%

Microfinance Services to Customers

Financial soundness assessment; follow-up visits; term and working-capital loans; insurance basics; post-sale service; customer service, retention, and cross-selling; defaulter management and asset classification.

17%

Customer Centric Service Orientation

Client relationships and grievances; communication skills; social and cultural sensitivity; handling irate customers; feedback collection; avoiding mis-selling; protecting brand value.

15%

Integrity, Banking Ethics & Team Work

Depositors and DICGC; integrity and code of conduct; unfair/corrupt practices; customer data security; CERSAI/CKYCR awareness; ethical behaviour; teamwork and CRM.

16%

Employability Skills

Communication cycle and barriers; self-management and goal setting; basic computer operations and security; entrepreneurship qualities; sustainable development and green skills.

Preparing for the Haryana BSEH Secondary NSQF BFSI Exam

What You Need to Know

  • Passing score: Typically 33% under standard BSEH Secondary / NSQF skill-subject rules; confirm the latest Board circular for external theory, practical, and aggregate requirements.
  • Assessment: Official (2025–26): Theory paper Code BFI 978, about 2 hours 30 minutes — Objective 15 marks, Very Short 12, Short Answer 18, Essay 15 (60 marks total, Theory contribution 30 after 60/2 scaling); External Practical 50 (hands-on skill, portfolio, viva components per Board scheme); Internal Assessment 20; grand total 100. Local bank: English MCQ study adaptation with explanations.
  • Time limit: 2 hours 30 minutes for the theory paper (confirm the current BSEH Secondary timetable / date sheet for Code BFI 978)
  • Exam / certification fees: Included in the annual BSEH Secondary examination fee notification. Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

Haryana BSEH Secondary NSQF BFSI: Suggested Study Strategy

1Memorize full forms: NPA, POS, MUDRA, NBFC, DICGC, CRM, CERSAI, CKYCR, PCR, NSQF.
2Trace the microfinance collection cycle: group meeting → loan card → cash receipt → branch reporting → settlement updates.
3Know asset classes in order of quality: Standard → Sub-standard → Doubtful → Loss (NPA).
4Practise short written answers on financial inclusion vs microfinance, customer retention vs cross-selling, and integrity vs unfair practices.
5Link employability units (communication barriers, goal setting, computer security, green skills) to BFSI workplace scenarios.
6Build a practical glossary notebook of definitional words used in collections, loans, insurance, and ethics for viva readiness.

Frequently Asked Questions

Is the official BSEH Secondary NSQF BFSI exam multiple-choice?

No. The official BSEH Secondary NSQF Banking, Financial Services & Insurance paper (Code BFI 978) is a mixed written theory examination (objective, very short, short, and essay items) plus practical, portfolio, and viva components. The 100 questions on this page are an English-language MCQ study adaptation with explanations—they are not a full simulation of the official format.

What is the marks split and theory duration for BSEH Secondary NSQF BFSI?

Under the 2025–26 BSEH scheme, Theory is 30 marks (60 marks paper scaled by 60/2), External Practical is 50, and Internal Assessment is 20 (grand total 100). The theory paper is designed for about 2 hours 30 minutes. Confirm practical/IA rules and the current date sheet on bseh.org.in.

What is the passing score for BSEH Secondary NSQF BFSI?

Under typical BSEH Secondary rules, candidates need about 33% as the pass threshold for relevant external and aggregate components. Verify the latest Board circular for your examination year, including any separate practical requirements.

What syllabus does BSEH Secondary NSQF BFSI follow?

Class 10 Banking, Financial Services & Insurance (Code BFI 978) covers Collection of Receivables, Microfinance Services to Customers, Customer Centric Service Orientation, Integrity/Banking Ethics and Team Work, plus Employability Skills (communication, self-management, ICT, entrepreneurship, green skills). See the Class 10 NSQF QP design catalog on bseh.org.in.

How much does the BSEH Secondary NSQF BFSI exam cost?

BFSI is not separately priced as a public standalone fee. The fee is included in the annual BSEH Secondary examination fee notification. Check https://bseh.org.in for the current fee circular—do not rely on outdated fixed rupee figures from unofficial sources.

How should I use this free MCQ bank for the official paper?

Use these MCQs for daily concept drills on microfinance, collections, customer service, ethics, and employability. Also practise written short and essay answers from the skill textbook, complete practical notebook/portfolio work, and revise viva terminology so you are ready for theory, practical, and internal assessment.