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100+ Free Punjab PSEB Matric NSQF BFSI Practice Questions

Punjab School Education Board (PSEB) Matric Class 10 NSQF Banking Financial Services & Insurance (BFSI) — Microfinance Executive (Subject Code 94) practice questions are available now; exam metadata is being verified.

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

Key Facts: Punjab PSEB Matric NSQF BFSI Exam

94

PSEB Matric NSQF subject code (BFSI Microfinance Executive)

PSEB Scheme of Studies Class 10

40 + 50 + 10

Theory + Practical + INA

PSEB Scheme of Studies (BFSI 94)

10 + 30

Employability + Vocational theory split (syllabus 2026–27)

PSEB Class 10 BFSI Microfinance Executive Syllabus 2026–27

33%

Typical Pass Threshold

Standard PSEB Matric passing criteria (confirm current circular)

100 FREE

English MCQ practice questions on this page

OpenExamPrep 2026 study adaptation

PSEB Matric NSQF BFSI (code 94, Microfinance Executive) is Punjab’s Class 10 Banking, Financial Services & Insurance skill paper: Theory 40 + Practical 50 + INA 10 = 100. Free English MCQ practice covers SHG, KYC, collections, customer service, ethics, and employability—not a full written/practical simulation.

Sample Punjab PSEB Matric NSQF BFSI Practice Questions

Try these sample questions to test your Punjab PSEB Matric 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 intended to provide?
A.Stock-market margin trading facilities for urban investors
B.Foreign-currency hedging products for multinational companies
C.Small-scale financial services to low-income individuals and groups who lack access to formal banking
D.Only large infrastructure loans backed by government guarantees
Explanation: Microfinance focuses on small credit, savings, and related services for people and groups underserved by traditional banks.
2What is the main goal of financial inclusion in India?
A.Restrict bank accounts to salaried city workers only
B.Ensure all segments of society can access useful, affordable formal financial products and services
C.Replace every bank branch with cryptocurrency kiosks
D.Increase stamp duty on rural land records
Explanation: Financial inclusion means bringing people into the formal financial system with affordable, useful products such as accounts, credit, insurance, and payments.
3In microfinance field operations, what does collecting receivables mainly mean?
A.Purchasing shares of listed banks for the branch portfolio
B.Paying staff salaries from cash collected at group meetings
C.Issuing new ATM cards without verification
D.Recovering loan installments, fees, and related dues from borrowers as per the agreed schedule
Explanation: Receivables collection is the process of collecting repayments, fees, and charges due from clients according to policy and legal guidelines.
4Why should a microfinance executive follow legal guidelines during collection?
A.To hide overdue cases from the branch manager
B.To protect client rights, avoid harassment, and keep the institution compliant with regulations
C.To maximize pressure tactics without any limit
D.To skip all documentation after the first visit
Explanation: Collection must respect laws, codes of conduct, and client dignity; illegal pressure can lead to penalties and reputational harm.
5What is a Self-Help Group (SHG) in the Indian microfinance context?
A.A government department that prints currency notes
B.A single high-net-worth investor club for mutual funds only
C.A small voluntary group of people, often women, who save together and access credit, sometimes linked to banks
D.A stock-exchange committee that sets share prices daily
Explanation: SHGs are small community groups that pool savings, lend internally, and may obtain bank linkage for larger credit needs.
6How do regular SHG or Joint Liability Group (JLG) meetings support collections?
A.They replace the need for any KYC documents forever
B.They allow officers to skip depositing cash at the branch
C.They cancel all interest charges automatically
D.They enable installment collection, peer support, attendance tracking, and early detection of repayment stress
Explanation: Group meetings are operational hubs for collecting dues, reinforcing discipline, and spotting problems early through peer pressure and monitoring.
7What is the correct practice after collecting cash repayments in the field?
A.Give the cash to an unverified third party without documentation
B.Report and deposit the amount at the branch/bank as per SOP and obtain a receipt
C.Keep the cash at home until the end of the month without records
D.Use the cash for personal expenses and repay later if convenient
Explanation: Field collections must be promptly reported, deposited, and receipted under standard operating procedures to prevent loss and fraud.
8What does POS commonly stand for in microfinance field collection contexts?
A.Priority of Staff promotions
B.Passport of State officials
C.Point of Sale (device or location used for electronic payment acceptance)
D.Price of Shares on the stock market only
Explanation: POS (Point of Sale) devices help accept electronic payments and improve transparency of collections.
9Why is biometric verification useful during group meetings or disbursement/collection events?
A.It permanently deletes all loan records after verification
B.It replaces the need for any interest calculation
C.It automatically approves every loan without credit checks
D.It helps confirm the identity of the right client and reduces impersonation risk
Explanation: Biometrics strengthen identity assurance so the correct person receives or repays funds.
10What is an overdue loan installment?
A.A fixed deposit that matured early
B.A repayment that has not been paid by the due date as per the loan schedule
C.A loan that was never disbursed
D.An interest-free grant from a charity
Explanation: Overdue means the installment was not paid when it fell due under the repayment schedule.

About the Punjab PSEB Matric NSQF BFSI Practice Questions

Verified exam format metadata for Punjab School Education Board (PSEB) Matric Class 10 NSQF Banking Financial Services & Insurance (BFSI) — Microfinance Executive (Subject Code 94) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.