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100+ Free CHSE Odisha Vocational Banking (BANK) Practice Questions

Council of Higher Secondary Education, Odisha (CHSE Odisha) Higher Secondary (+2) Vocational Banking (trade code BANK) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: CHSE Odisha Vocational Banking (BANK) Exam

40+60

Theory + practical marks per BANK paper under official Banking.pdf scheme

CHSE Odisha Banking (BANK) syllabus PDF

BANK

Official CHSE Odisha Vocational Banking trade code on syllabus catalog

CHSE Odisha Banking.pdf / syllabus page item Banking

Paper I–II

General banking, deposits, planning; AML, KYC, risk, inclusion/BC–BF

CHSE Banking.pdf Paper I–II units

~30%

Commonly cited minimum pass floor per component—confirm circular

CHSE vocational AHSE practice / notifications

Not BFSI

Distinct from separate BFSI BC/BF job-role syllabus PDF

CHSE syllabus page BFSI vs Banking items

English MCQ

This bank is a free study adaptation, not official practical certification

OpenExamPrep practice policy

CHSE Odisha Vocational Banking (BANK) is a +2 trade with heavy practical weight (commonly 40 theory + 60 practical per paper), covering deposits, RBI, loans, NI, digital banking, KYC/AML and inclusion—not a pure MCQ board paper. Distinct from BFSI BC/BF, Vocational Insurance and elective Banking & Insurance. This free 2026 bank is an English MCQ study adaptation for theory fluency only.

Sample CHSE Odisha Vocational Banking (BANK) Practice Questions

Try these sample questions to test your CHSE Odisha Vocational Banking (BANK) exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the standard legal sense used in Indian banking study, banking primarily means accepting deposits from the public for the purpose of:
A.Lending or investment, repayable on demand or otherwise and withdrawable by cheque, draft, order or otherwise
B.Only printing currency notes for the Union Government
C.Only collecting income-tax dues as a tax department
D.Only operating a stock-exchange brokerage desk
Explanation: Banking is defined around accepting public deposits for lending or investment, with funds repayable and withdrawable by instruments such as cheque, draft or order. Note issue is a central-bank function; tax collection and pure brokerage are not the core statutory definition of banking.
2Which of the following best describes a primary function of commercial banks?
A.Issuing all currency notes in unlimited amounts without RBI
B.Framing the Union Budget every year
C.Conducting general elections
D.Accepting deposits and granting loans and advances
Explanation: Commercial banks intermediate funds: they accept deposits and provide loans/advances. Budgeting, exclusive note issue and elections are government/central-bank or constitutional functions, not commercial-bank primary functions.
3Agency and general utility services of banks (such as collecting cheques, safe custody, or remittances) are commonly classified as:
A.Functions reserved exclusively for insurance companies
B.Functions of the Election Commission
C.Secondary (ancillary) functions of commercial banks
D.The only primary function of RBI
Explanation: Besides primary deposit–lending functions, banks perform secondary/agency and general utility services. These are not exclusive RBI primary functions or election/insurance-only roles.
4In the structure of the Indian banking system, the apex monetary authority is the:
A.Life Insurance Corporation of India only
B.School education board only
C.Municipal Corporation of a city only
D.Reserve Bank of India (RBI)
Explanation: RBI is India’s central bank and apex monetary authority. LIC is an insurer; municipal bodies and school boards are not monetary apex institutions.
5Retail banking primarily focuses on services for:
A.Individual customers and small household/SME needs such as savings accounts, personal loans and cards
B.Only wholesale inter-bank money-market dealing with no retail products
C.Only sovereign bond underwriting for governments worldwide
D.Only military procurement contracts
Explanation: Retail banking serves individuals and small customers with deposits, personal credit, cards and similar products. Pure wholesale inter-bank dealing, exclusive sovereign underwriting, or military procurement are not the retail focus.
6Universal banking typically refers to a model in which a bank offers:
A.Only pure agricultural labour contracting with no financial products
B.Only passport printing services
C.A wide range of financial services combining commercial banking with investment/fee-based activities under regulation
D.Only school textbook publishing
Explanation: Universal banking blends traditional commercial banking with broader financial services (within regulatory limits). It is not labour contracting, passport printing or textbook publishing.
7Which statement correctly contrasts scheduled and non-scheduled banks in the Indian context (basic vocational understanding)?
A.Non-scheduled banks alone may issue all currency notes
B.Scheduled banks never accept public deposits
C.Only non-scheduled banks may use the word “bank” in India
D.Scheduled banks are listed in the Second Schedule to the RBI Act and meet specified conditions; non-scheduled banks are not so listed
Explanation: Scheduled banks appear in the RBI Act’s Second Schedule subject to capital and other conditions; non-scheduled banks do not. Note issue is not a non-scheduled privilege; scheduled banks do accept deposits; use of “bank” is regulated for both categories under banking law.
8Regional Rural Banks (RRBs) were established mainly to:
A.Replace RBI as the sole monetary authority
B.Regulate stock exchanges exclusively
C.Issue all high-denomination currency notes
D.Provide banking facilities in rural areas, especially for agriculture and weaker sections
Explanation: RRBs expand rural credit and banking outreach for agriculture and weaker sections. They do not replace RBI, issue currency as their main role, or regulate stock exchanges.
9Cooperative banks in India are characteristically associated with:
A.Member-owned cooperative structure serving members and local communities under cooperative and banking regulation
B.Foreign military alliances only
C.Exclusive monopoly over all private equity funds worldwide
D.Issuing passports to non-residents only
Explanation: Cooperative banks are member-based institutions under cooperative frameworks and banking regulation. They are not military alliances, global PE monopolies or passport issuers.
10Nationalisation of major commercial banks in India (notably 1969 and later waves) aimed mainly to:
A.Transfer all banking exclusively to foreign military agencies
B.Abolish all bank deposits permanently
C.Extend banking to priority sectors and weaker sections and align bank credit with social/developmental goals
D.End RBI’s existence
Explanation: Bank nationalisation sought broader social control of credit, branch expansion and priority-sector focus. It did not abolish deposits, hand banking to foreign military agencies or end RBI.

About the CHSE Odisha Vocational Banking (BANK) Practice Questions

Verified exam format metadata for Council of Higher Secondary Education, Odisha (CHSE Odisha) Higher Secondary (+2) Vocational Banking (trade code BANK) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.