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100+ Free CHSE Odisha Vocational BFSI (BC/BF) Practice Questions

Council of Higher Secondary Education, Odisha (CHSE Odisha) Higher Secondary (+2) Vocational BFSI — Business Correspondent / Business Facilitator practice questions are available now; exam metadata is being verified.

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Key Facts: CHSE Odisha Vocational BFSI (BC/BF) Exam

BC/BF job role

CHSE Odisha Higher Secondary Vocational BFSI focuses on Business Correspondent and Business Facilitator competencies

CHSE Odisha CLASS-XI-XII-VOC-BFSI.pdf

Theory + practical

Official assessment mixes written theory with practical BC/BF skills, records, and viva

CHSE Higher Secondary Vocational examination practice

AHSE package

Examination fee is part of CHSE AHSE enrollment/form-fill-up as notified (not a separate open marketplace trade fee)

CHSE Odisha AHSE enrollment/form-fill-up fee notifications

Not BANK trade

Distinct from Vocational Banking (BANK) and from Commerce elective Banking & Insurance

CHSE syllabus catalog BFSI vs Banking vs elective items

Schemes focus

Class XII themes include PMJJBY, PMSBY, APY and cashless/CSP inclusion channels

CHSE CLASS-XI-XII-VOC-BFSI.pdf Class XII units

Theory MCQ aid

This free bank is theory-knowledge practice only; practical and viva evidence are not replaced

OpenExamPrep adaptation note; CHSE vocational practical scheme

Free 100-question English MCQ study bank for Odisha CHSE +2 Vocational BFSI (BC/BF). Official subject mixes theory with practical BC/BF skills under AHSE vocational rules. Distinct from BANK trade, Vocational Insurance and elective Banking & Insurance. Fee is part of the AHSE package as notified. Theory-knowledge only—practical/viva not replaced. Source: CLASS-XI-XII-VOC-BFSI.pdf and chseodisha.nic.in.

Sample CHSE Odisha Vocational BFSI (BC/BF) Practice Questions

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

1In the Indian banking system studied for vocational BFSI, the apex monetary authority is the:
A.Life Insurance Corporation of India only
B.Reserve Bank of India (RBI)
C.A district school education board only
D.A municipal corporation only
Explanation: The Reserve Bank of India is India’s central bank and apex monetary authority. LIC is primarily an insurer; education boards and municipal bodies are not monetary apex institutions.
2Commercial banks primarily intermediate funds by:
A.Accepting deposits and granting loans and advances
B.Issuing all currency notes without any central bank role
C.Framing the Union Budget each year
D.Conducting general elections
Explanation: Commercial banks accept public deposits and provide loans and advances. Currency issue is largely RBI’s domain; budgeting and elections are government/constitutional functions.
3Agency and general utility services of banks (such as collecting cheques, safe custody or remittances) are commonly classified as:
A.The only primary function of the Election Commission
B.Functions reserved exclusively for insurance companies
C.Secondary (ancillary) functions of commercial banks
D.Functions that abolish deposit-taking forever
Explanation: Besides primary deposit–lending functions, banks perform secondary/agency and general utility services. These are not exclusive insurance or election functions.
4Which statement best describes financial inclusion as used in BFSI vocational study?
A.Ensuring access to useful and affordable formal financial products for underserved people
B.Allowing only large corporations to open bank accounts
C.Closing all rural bank branches permanently
D.Banning digital payments nationwide
Explanation: Financial inclusion aims to bring underserved households and small enterprises into the formal financial system with useful, affordable products. Restricting access or banning digital channels runs against inclusion goals.
5Scheduled commercial banks in India operate under the broader regulatory oversight of the:
A.Local sports clubs only
B.Reserve Bank of India and applicable banking laws
C.Village theatre societies only
D.International tourism offices only
Explanation: Scheduled commercial banks are regulated under Indian banking law with RBI as the primary banking regulator. Sports clubs, theatre societies and tourism offices do not regulate banks.
6Retail banking primarily focuses on services for:
A.Only wholesale inter-bank money-market dealing with no retail products
B.Individual customers and household/small-business needs such as savings accounts and small loans
C.Only sovereign bond underwriting for foreign governments
D.Only military procurement contracts
Explanation: Retail banking serves individuals and small household/SME needs—savings/current accounts, personal loans, cards and related products—not pure wholesale or defence procurement markets.
7In a commercial bank’s balance-sheet view used for basic vocational literacy, customer deposits are typically treated as:
A.Assets of the bank that the bank owns free of any obligation
B.Liabilities of the bank because the bank owes those funds to depositors
C.Share capital issued by the Election Commission
D.Physical land titles held by the municipal corporation
Explanation: Deposits are liabilities: the bank must repay depositors on demand or as per terms. Loans are typically assets; deposits are not free bank-owned equity or municipal land titles.
8Which institution typically provides the last-mile banking outlet network that Business Correspondents extend further into villages and underserved areas?
A.Only fashion design studios
B.Banks and their authorised banking outlet / BC channel arrangements
C.Only cinema halls
D.Only foreign embassies
Explanation: BCs extend the bank’s authorised last-mile network beyond brick-and-mortar branches. Fashion studios, cinemas and embassies are not banking outlet networks.
9Cooperative banks and regional rural banks are relevant to BFSI students mainly because they:
A.Replace RBI as the only currency printer worldwide
B.Often serve rural and semi-urban customers who may need BC/BF support for inclusion
C.Abolish all KYC rules permanently
D.Operate only stock exchanges
Explanation: RRBs and cooperative banks are important for rural/semi-urban outreach where BC/BF models support inclusion. They do not replace RBI note issue or abolish KYC.
10A bank branch, ATM, and a Business Correspondent point of presence are all examples of:
A.Channels through which banking services can reach customers
B.Only non-financial entertainment venues
C.Institutions that print passport books
D.Bodies that set school board syllabi
Explanation: Service delivery channels include branches, ATMs, digital channels and BC points of presence. They are not entertainment venues, passport printers or school boards.

About the CHSE Odisha Vocational BFSI (BC/BF) Practice Questions

Verified exam format metadata for Council of Higher Secondary Education, Odisha (CHSE Odisha) Higher Secondary (+2) Vocational BFSI — Business Correspondent / Business Facilitator is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.