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100+ Free Haryana BSEH Secondary NSQF BFSI Practice Questions

Board of School Education Haryana (BSEH) Secondary Class 10 NSQF Banking, Financial Services & Insurance (Code BFI 978) practice questions are available now; exam metadata is being verified.

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Overall Secondary pass percentages are published with each BSEH result; no fixed standing subject-wise BFSI pass-rate figure is used here. Pass Rate
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2026 Statistics

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 test your Haryana BSEH Secondary NSQF BFSI exam readiness. 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 Practice Questions

Verified exam format metadata for Board of School Education Haryana (BSEH) Secondary Class 10 NSQF Banking, Financial Services & Insurance (Code BFI 978) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.