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Free Practice Questions for Punjab PSEB Matric NSQF BFSI

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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 review concepts for the Punjab PSEB Matric NSQF BFSI exam. 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 Exam

The Punjab Matric NSQF BFSI (Microfinance Executive) examination is the Class 10 skill-subject paper conducted under the Punjab School Education Board (PSEB). Subject code 94 assesses collection of receivables, microfinance services (including SHG, KYC, and basic loan products), customer-centric orientation, banking integrity and ethics, teamwork, and Class 10 employability skills (communication, self-management, ICT, entrepreneurship, green skills). Full subject marks under the Board scheme of studies are Theory 40 + Practical 50 + INA 10 = 100. The official assessment is a mixed written theory exam plus practical and internal assessment components, not pure multiple-choice. The 100 questions on this page are an English-language multiple-choice study adaptation with step-by-step explanations for concept drills and self-assessment.

Exam sponsor: Punjab School Education Board (PSEB). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Official: Theory 40 (Employability Skills ~10 + Vocational Skills ~30: Collection of Receivables; Microfinance Services to Customers; Customer Centric Service Orientation; Integrity, Banking Ethics and Team Work) + Practical 50 + INA 10 = 100. Local bank: English MCQ study adaptation with explanations.

Time Limit

Theory duration as per the PSEB Matric datesheet for the NSQF skill subject (confirm the current datesheet on pseb.ac.in); practical/INA follow school schedules under Board rules.

Passing Score

Typically about 33% under standard PSEB Matric / NSQF skill-subject rules for relevant theory, practical, and aggregate components; confirm the latest Board circular for your examination year.

Exam / Certification Fees

Included in the standard PSEB Matric examination fee notification.

Exam sponsor website

Reported exam pass rate: Overall Matric pass percentages are published with each PSEB result; no fixed standing subject-wise BFSI pass-rate figure is used here.. 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.

22%

Collection of Receivables

Microfinance and financial inclusion; SHG/group meetings; collection process and legal guidelines; biometric and POS; cash collection and branch reporting; settlements, overdue, write-off; NPA; MUDRA, NBFC, and credit-registry basics.

22%

Microfinance Services to Customers

Executive role; KYC and documentation; capacity assessment; term and working-capital loans; insurance basics; follow-up and post-sale service; SHG–bank linkage and JLG; cross-selling, retention, and responsible lending.

16%

Customer Centric Service Orientation

Client-first service; grievances; communication skills; cultural sensitivity; irate-customer handling; feedback; avoiding mis-selling; brand value; confidentiality.

15%

Integrity, Banking Ethics and Team Work

Integrity and code of conduct; corrupt practices; DICGC awareness; data security; CERSAI/CKYCR awareness; fair recovery; teamwork and CRM; fraud reporting.

25%

Employability Skills

Communication cycle and barriers; self-management and goals; ICT and cyber hygiene; entrepreneurship; green skills and sustainable workplace habits.

Preparing for the Punjab PSEB Matric NSQF BFSI Exam

What You Need to Know

  • Passing score: Typically about 33% under standard PSEB Matric / NSQF skill-subject rules for relevant theory, practical, and aggregate components; confirm the latest Board circular for your examination year.
  • Assessment: Official: Theory 40 (Employability Skills ~10 + Vocational Skills ~30: Collection of Receivables; Microfinance Services to Customers; Customer Centric Service Orientation; Integrity, Banking Ethics and Team Work) + Practical 50 + INA 10 = 100. Local bank: English MCQ study adaptation with explanations.
  • Time limit: Theory duration as per the PSEB Matric datesheet for the NSQF skill subject (confirm the current datesheet on pseb.ac.in); practical/INA follow school schedules under Board rules.
  • Exam / certification fees: Included in the standard PSEB Matric examination fee notification. 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

Punjab PSEB Matric NSQF BFSI: Suggested Study Strategy

1Memorize full forms: KYC, SHG, JLG, NPA, POS, MUDRA, NBFC, DICGC, CRM, CERSAI, CKYCR, NSQF, INA.
2Trace the collection cycle: group meeting → loan card → cash receipt → branch deposit/report → settlement updates.
3Know asset classes in order: Standard → Sub-standard → Doubtful → Loss (NPA).
4Practise short written answers on financial inclusion vs microfinance, SHG–bank linkage, KYC purpose, and integrity vs unfair practices.
5Link employability units (communication barriers, goal setting, password safety, green skills) to field BFSI scenarios.
6Build a practical glossary notebook of definitional words used in collections, loans, insurance, KYC, and ethics for viva readiness.

Frequently Asked Questions

Is the official PSEB Matric NSQF BFSI exam multiple-choice?

No. Official PSEB Matric NSQF BFSI (Microfinance Executive, code 94) is Theory 40 + Practical 50 + INA 10 = 100, with mixed written theory plus practical and internal assessment—not a pure MCQ-only board paper. The 100 questions on this page are an English-language MCQ study adaptation with explanations.

What is the marks split for PSEB Matric NSQF BFSI (code 94)?

Under the PSEB scheme of studies, Banking Financial Services and Insurance (BFSI) (94) Microfinance Executive is Theory 40 + Practical 50 + INA 10 = 100. The 2026–27 syllabus splits theory content into Employability Skills (10) and Vocational Skills (30). Confirm practical/INA rules and the current datesheet on pseb.ac.in.

What is the passing score for PSEB Matric NSQF BFSI?

Under typical PSEB Matric rules, candidates need about 33% as the pass threshold for relevant external and aggregate components (with any minimum theory floor stated in the circular). Verify the latest Board result circular for your examination year, including practical requirements.

What syllabus does PSEB Matric NSQF BFSI follow?

Class 10 BFSI Microfinance Executive covers Employability Skills (communication, self-management, ICT, entrepreneurship, green skills) and Vocational Skills: Collection of Receivables; Microfinance Services to Customers; Customer Centric Service Orientation; Integrity, Banking Ethics and Team Work. See the 2026–27 syllabus PDF on static.pseb.ac.in.

How much does the PSEB Matric NSQF BFSI exam cost?

BFSI (94) is not separately priced as a public standalone fee. The fee is included in the standard PSEB Matric examination registration. Check https://www.pseb.ac.in and your school for the current fee circular.

How should I use this free MCQ bank for the official paper?

Use these MCQs for daily concept drills on microfinance, SHG, KYC, collections, customer service, ethics, and employability. Also practise written short answers from the skill textbook, complete practical notebook/portfolio work, and revise viva terminology so you are ready for theory, practical, and INA.