Neptune Microfinance Bank Test Past Questions And Answers
Here are 20 Neptune Microfinance Bank questions with multiple-choice options and suggested answers:
What is the primary objective of Neptune Microfinance Bank?
a) Providing affordable housing loans
b) Offering investment advisory services
c) Promoting financial inclusion
d) Facilitating international money transfers
Answer: c) Promoting financial inclusion
Which of the following services does Neptune Microfinance Bank provide?
a) Business consulting
b) Car rentals
c) Mortgage refinancing
d) Microcredit loans
Answer: d) Microcredit loans
What is the minimum age requirement to open an account at Neptune Microfinance Bank?
a) 16 years
b) 18 years
c) 21 years
d) 25 years
Answer: b) 18 years
What types of accounts are offered by Neptune Microfinance Bank?
a) Savings accounts
b) Checking accounts
c) Fixed deposit accounts
d) All of the above
Answer: d) All of the above
What is the interest rate offered on Neptune Microfinance Bank's savings accounts?
a) 1% per annum
b) 3% per annum
c) 5% per annum
d) 8% per annum
Answer: c) 5% per annum
Which of the following documents is typically required to open a business account at Neptune Microfinance Bank?
a) Utility bill
b) Driver's license
c) Certificate of incorporation
d) Birth certificate
Answer: c) Certificate of incorporation
How can customers access their Neptune Microfinance Bank accounts?
a) Online banking
b) Mobile banking app
c) ATMs
d) All of the above
Answer: d) All of the above
What is the maximum loan amount available for individual borrowers at Neptune Microfinance Bank?
a) $1,000
b) $5,000
c) $10,000
d) $50,000
Answer: c) $10,000
How long is the typical repayment period for loans at Neptune Microfinance Bank?
a) 3 months
b) 6 months
c) 12 months
d) 24 months
Answer: b) 6 months
Which of the following industries does Neptune Microfinance Bank prioritize for lending?
a) Agriculture
b) Technology
c) Manufacturing
d) Tourism
Answer: a) Agriculture
Does Neptune Microfinance Bank offer insurance services?
a) Yes
b) No
Answer: b) No
Can customers apply for loans online at Neptune Microfinance Bank?
a) Yes
b) No
Answer: a) Yes
What is the interest rate on Neptune Microfinance Bank's fixed deposit accounts?
a) 2% per annum
b) 4% per annum
c) 6% per annum
d) 10% per annum
Answer: c) 6% per annum
Are there any penalties for early loan repayment at Neptune Microfinance Bank?
a) Yes
b) No
Answer: b) No
How many branches does Neptune Microfinance Bank have nationwide?
a) 5
b) 10
c) 20
d) 50
Answer: d) 50
What is the maximum withdrawal limit per day at Neptune Microfinance Bank ATMs?
a) $500
b) $1,000
c) $2,000
d) $5,000
Answer: c) $2,000
Does Neptune Microfinance Bank offer foreign currency exchange services?
a) Yes
b) No
Answer: b) No
How often does Neptune Microfinance Bank provide account statements to its customers?
a) Monthly
b) Quarterly
c) Annually
d) On request
Answer: a) Monthly
Does Neptune Microfinance Bank charge fees for account maintenance?
a) Yes
b) No
Answer: b) No
What is the customer support hotline for Neptune Microfinance Bank?
a) 0800-123-4567
b) 0900-987-6543
c) 0700-567-8901
d) 0800-555-1234
Answer: c) 0700-567-8901.
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