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Free Practice Questions for CHSE Odisha Vocational Banking (BANK)

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Exam Review

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 review concepts for the CHSE Odisha Vocational Banking (BANK) exam. 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) Exam

Odisha CHSE Higher Secondary Vocational Banking (BANK) is the +2 vocational Banking trade listed on the official CHSE syllabus page. Core theory themes include banking principles and Indian banking structure; RBI functions and credit-control tools; deposit products and account operations; loans and advances; negotiable instruments (especially cheques); digital banking and electronic remittances; KYC and anti-money laundering (PMLA 2002); financial inclusion and BC/BF last-mile roles; customer service ethics; and basic bank accounting/financial-planning ideas (balance-sheet sides, TVM). Assessment is typically theory-plus-practical (commonly 40+60 marks per paper under Banking.pdf Paper I–II). This free local bank provides English four-option MCQs for concept revision; pair it with bank visits, form-filling practicals, written short answers and official CHSE materials via chseodisha.nic.in. It does not replace required practical or skill assessment, and it is not a substitute for the separate BFSI BC/BF course, Vocational Insurance, or Commerce elective Banking & Insurance.

Exam sponsor: Council of Higher Secondary Education, Odisha (CHSE Odisha). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

CHSE Odisha Higher Secondary Vocational Banking (BANK) is the official syllabus-catalog Banking vocational trade. Official Banking.pdf: Paper I (theory 40 + practical 60) covers financial literacy, general banking, bank deposits and introduction to financial planning; Paper II (theory 40 + practical 60) covers AML, KYC/compliance ethics, risk management basics and financial inclusion with BC/BF roles. Practicals include HR/soft skills and BC/BF communication, borrower profiling, cash budgeting, literacy and marketing tasks. This trade is distinct from (1) BFSI Business Correspondent/Business Facilitator full job-role syllabus, (2) Vocational Insurance trade, and (3) Commerce Group-I elective Banking & Insurance. Official assessment mixes written theory with substantial practical skill evidence. This free bank is an English-language MCQ study adaptation—not a full practical or long-answer simulation. Confirm current syllabus and circulars on chseodisha.nic.in.

Time Limit

As notified (40-mark vocational trade theory commonly ~2 hours; practical scheduled separately, often ~3 hours)

Passing Score

~30% minimum in subject components (e.g. ~12/40 theory and ~18/60 practical where that split applies); confirm current AHSE circular

Exam / Certification Fees

Included in the CHSE Odisha AHSE examination fee for the session (collected through the affiliated vocational institution; no separate public per-trade marketplace fee for all categories).

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.

~12% of this local bank

Financial Literacy & General Banking

Banking definition, structure, functions, types and developmental role.

~10% of this local bank

RBI & Credit Control

Central-bank functions; CRR, SLR, bank rate, OMO; selective tools.

~12% of this local bank

Bank Deposits & Operations

Deposit products, account lifecycle, customers, LAD, secrecy.

~10% of this local bank

Loans & Advances

CC/OD/term loans, PSL, security modes, bill discounting, NPA, EMI.

~10% of this local bank

Negotiable Instruments

Cheques, crossing, endorsement, PN/BOE, DD, dishonour themes.

~10% of this local bank

Digital Banking

CBS, NEFT/RTGS/IMPS/UPI, cards, net/mobile banking, cyber hygiene.

~12% of this local bank

KYC & AML

KYC/CIP/CDD, PMLA, STR, records, risk-based KYC, FATF, red flags.

~8% of this local bank

Financial Inclusion & BC/BF

Inclusion, microfinance, SHG linkage, BC/BF roles, PMJDY, literacy.

~8% of this local bank

Customer Service & Ethics

Service quality, integrity, grievances, ethical selling, controls.

~8% of this local bank

Bank Accounting & Planning Basics

B/S sides, interest income, TVM, statements, ethics, credit creation.

Preparing for the CHSE Odisha Vocational Banking (BANK) Exam

What You Need to Know

  • Passing score: ~30% minimum in subject components (e.g. ~12/40 theory and ~18/60 practical where that split applies); confirm current AHSE circular
  • Assessment: CHSE Odisha Higher Secondary Vocational Banking (BANK) is the official syllabus-catalog Banking vocational trade. Official Banking.pdf: Paper I (theory 40 + practical 60) covers financial literacy, general banking, bank deposits and introduction to financial planning; Paper II (theory 40 + practical 60) covers AML, KYC/compliance ethics, risk management basics and financial inclusion with BC/BF roles. Practicals include HR/soft skills and BC/BF communication, borrower profiling, cash budgeting, literacy and marketing tasks. This trade is distinct from (1) BFSI Business Correspondent/Business Facilitator full job-role syllabus, (2) Vocational Insurance trade, and (3) Commerce Group-I elective Banking & Insurance. Official assessment mixes written theory with substantial practical skill evidence. This free bank is an English-language MCQ study adaptation—not a full practical or long-answer simulation. Confirm current syllabus and circulars on chseodisha.nic.in.
  • Time limit: As notified (40-mark vocational trade theory commonly ~2 hours; practical scheduled separately, often ~3 hours)
  • Exam / certification fees: Included in the CHSE Odisha AHSE examination fee for the session (collected through the affiliated vocational institution; no separate public per-trade marketplace fee for all categories). 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

CHSE Odisha Vocational Banking (BANK): Suggested Study Strategy

1Map deposit products: savings vs current vs fixed vs recurring—and demand vs time deposit ideas.
2Drill the quantitative credit-control set: CRR, SLR, bank rate, OMO—and contrast with selective tools.
3Master cheque parties, general vs special crossing, endorsement and banker secrecy exceptions.
4Memorise KYC/AML anchors: Know Your Customer, CIP/CDD, PMLA 2002, STR and record retention.
5Separate NEFT, RTGS, IMPS and UPI by speed/value/use-case, plus CBS as the branch backbone.
6Keep scope clean: BANK ≠ full BFSI BC/BF course ≠ Vocational Insurance ≠ elective Banking & Insurance.
7Pair every MCQ session with practical journal skills—this bank does not replace CHSE practical assessment.
8Use Banking.pdf and current AHSE circulars from chseodisha.nic.in as the syllabus authority.

Frequently Asked Questions

How is CHSE Odisha Vocational Banking (BANK) officially examined?

Banking is a CHSE Odisha Higher Secondary Vocational trade (code BANK) listed on the official syllabus page. Under the Banking.pdf scheme, Paper I and Paper II each commonly carry Theory 40 marks and Practical 60 marks. Theory mixes objective and short/long items; practicals test occupational skills, forms, communication and related tasks. Confirm the year’s timetable and circulars on chseodisha.nic.in.

Is this the same as BFSI Business Correspondent/Business Facilitator?

No. BFSI (Banking Financial Services and Insurance) BC/BF is a separate CHSE vocational job-role syllabus (CLASS-XI-XII-VOC-BFSI.pdf). Vocational Banking (BANK) is the distinct Banking catalog item (Banking.pdf). BANK Paper II does include financial inclusion and BC/BF roles as a unit, but the full BFSI course is a different programme.

Is this the same as Commerce elective Banking and Insurance?

No. Commerce Group-I fourth elective Banking & Insurance is an academic elective paper that pairs commercial banking with substantial insurance units. Vocational Banking (BANK) is a vocational trade with theory-plus-practical assessment focused on banking operations, KYC/AML, deposits and inclusion skills.

Is this practice bank the same format as the official CHSE BANK paper?

No. Official assessment is theory-plus-practical with substantial skill evidence. This bank is a free English-language multiple-choice study adaptation for concept revision—not an official blueprint replica and not a substitute for practicals, viva or occupational skill requirements.

What topics does BANK theory cover?

Per Banking.pdf: financial literacy and general banking; bank deposits and operations; financial planning basics; AML (PMLA 2002); KYC/compliance; risk management basics; financial inclusion and BC/BF. This local bank also drills RBI tools, loans, negotiable instruments and digital payments as core +2 banking theory.

What is the pass mark?

CHSE vocational trade subjects commonly require about 30% minimum in applicable theory and practical components (for example about 12 out of 40 theory and 18 out of 60 practical where that split applies). Confirm the current AHSE notification on chseodisha.nic.in.

What does the exam cost?

Examination charges are included in the CHSE Odisha AHSE fee structure notified for the session and collected through the affiliated vocational institution—no separate public per-trade marketplace fee for every candidate category.

Does this bank replace practical training?

No. Official BANK practicals (forms, account operations skills, BC/BF communication, literacy and related tasks) remain required. Use this bank for theory MCQ fluency alongside hands-on vocational training.