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Loans & Interest (Basic) MCQs – Free Practice Questions

Loans & Interest (Basic) is part of Banking Awareness in government exams such as Banking Prelims (IBPS / SBI type), IBPS RRB (Office Assistant / Officer). This page has 200 free practice questions in English and Hindi, with correct answers and explanations and short revision notes.

ऋण और ब्याज (मूल) – हिंदी और अंग्रेज़ी में 200 निःशुल्क अभ्यास प्रश्न, उत्तर और व्याख्या के साथ।

Read short notesPractise with explanationsQuick quiz (10 questions)Timed topic test

Questions: 200 · Sets of 50: 4 · Difficulty mix: 85 easy, 37 hard, 78 medium · Languages: English and Hindi

Sample Loans & Interest (Basic) questions with answers

Q1. EMI stands for:

EMI का पूर्ण रूप क्या है?

  1. Extra Monthly Interest
  2. Equal Money Investment
  3. Equated Monthly Instalment
  4. Easy Money Interest
Answer: Equated Monthly Instalment. EMI = Equated Monthly Instalment.
EMI = Equated Monthly Instalment

Q2. Which is the correct order of MUDRA loan categories from smallest to largest?

मुद्रा ऋण श्रेणियों का छोटे से बड़े का सही क्रम कौन-सा है?

  1. Shishu, Tarun, Kishore, Tarun Plus
  2. Tarun, Kishore, Shishu, Tarun Plus
  3. Kishore, Shishu, Tarun, Tarun Plus
  4. Shishu, Kishore, Tarun, Tarun Plus
Answer: Shishu, Kishore, Tarun, Tarun Plus. MUDRA categories: Shishu (up to ₹50,000), Kishore (up to ₹5 lakh), Tarun (up to ₹10 lakh), Tarun Plus (up to ₹20 lakh, from 2024).
मुद्रा श्रेणियाँ: शिशु (₹50,000 तक), किशोर (₹5 लाख तक), तरुण (₹10 लाख तक), तरुण प्लस (₹20 लाख तक, 2024 से)।

Q3. A loan repaid in fixed instalments over a set number of years (e.g. to buy machinery) is a:

तय वर्षों में तय किस्तों में चुकाया जाने वाला ऋण (जैसे मशीनें खरीदने के लिए) क्या है?

  1. Overdraft
  2. Call money
  3. Cash credit
  4. Term loan
Answer: Term loan. A term loan is repaid in fixed instalments over a set period, for example to buy machinery.
टर्म लोन तय अवधि में तय किश्तों में चुकाया जाता है, जैसे मशीनरी ख़रीदने के लिए।

Q4. A borrower pays an EMI of ₹2,500 for 12 months on a loan of ₹27,000. How much interest does he pay in total?

एक ऋणी ₹27,000 के ऋण पर 12 महीने तक ₹2,500 की EMI देता है। वह कुल कितना ब्याज देता है?

  1. ₹30,000
  2. ₹5,500
  3. ₹27,000
  4. ₹3,000
Answer: ₹3,000. Total paid = 2500 × 12 = ₹30,000; interest = ₹30,000 − ₹27,000 = ₹3,000.
कुल भुगतान = 2500 × 12 = ₹30,000; ब्याज = ₹30,000 − ₹27,000 = ₹3,000।

Q5. What is the difference between compound interest and simple interest on ₹25,000 at 6% per year for 2 years?

₹25,000 पर 6% वार्षिक दर से 2 वर्ष के चक्रवृद्धि और साधारण ब्याज का अंतर कितना है?

  1. ₹1,500
  2. ₹45
  3. ₹90
  4. ₹180
Answer: ₹90. For 2 years, CI − SI = P × (R/100)² = 25000 × (6/100)² = ₹90.
2 वर्ष के लिए CI − SI = P × (R/100)² = 25000 × (6/100)² = ₹90।

Q6. Loans given to businesses for day-to-day needs like buying raw material and paying wages are:

कच्चा माल खरीदने और मज़दूरी देने जैसी रोज़ की ज़रूरतों के लिए व्यवसायों को दिए गए ऋण क्या हैं?

  1. Education loans
  2. Working capital loans
  3. Reverse mortgages
  4. Home loans
Answer: Working capital loans. Working capital loans meet day-to-day needs such as raw material and wages.
कार्यशील पूँजी ऋण कच्चा माल और मज़दूरी जैसी रोज़ की ज़रूरतें पूरी करते हैं।

Q7. A loan given against the security of gold ornaments is a:

सोने के गहनों के बदले दिया गया ऋण क्या है?

  1. Personal loan
  2. Gold loan
  3. Vehicle loan
  4. Education loan
Answer: Gold loan. A gold loan is given against gold ornaments as security.
गोल्ड लोन सोने के गहनों को ज़मानत रखकर दिया जाता है।

Q8. Simple interest of ₹1,600 is charged on a loan of ₹8,000 for 2 years. What is the rate of interest per year?

₹8,000 के ऋण पर 2 वर्ष में ₹1,600 साधारण ब्याज बनता है। वार्षिक ब्याज दर क्या है?

  1. 12%
  2. 10%
  3. 9%
  4. 20%
Answer: 10%. R = SI × 100 ÷ (P × T) = 1600 × 100 ÷ (8000 × 2) = 10%.
R = ब्याज × 100 ÷ (P × T) = 1600 × 100 ÷ (8000 × 2) = 10%।

Q9. A loan of ₹1,40,000 is taken at 6% simple interest per year for 2 years. What is the total interest?

₹1,40,000 का ऋण 6% वार्षिक साधारण ब्याज पर 2 वर्ष के लिए लिया गया। कुल ब्याज कितना होगा?

  1. ₹33,600
  2. ₹16,800
  3. ₹1,56,800
  4. ₹8,400
Answer: ₹16,800. SI = P × R × T ÷ 100 = 1,40,000 × 6 × 2 ÷ 100 = ₹16,800.
साधारण ब्याज = P × R × T ÷ 100 = 1,40,000 × 6 × 2 ÷ 100 = ₹16,800।

Q10. Ravi borrows ₹60,000 from a bank at 12.5% simple interest per year. How much must he repay in total after 2 years?

रवि बैंक से ₹60,000 12.5% वार्षिक साधारण ब्याज पर उधार लेता है। 2 वर्ष बाद उसे कुल कितना चुकाना होगा?

  1. ₹15,000
  2. ₹67,500
  3. ₹75,000
  4. ₹90,000
Answer: ₹75,000. Interest = 60,000 × 12.5 × 2 ÷ 100 = ₹15,000. Total = 60,000 + 15,000 = ₹75,000.
ब्याज = 60,000 × 12.5 × 2 ÷ 100 = ₹15,000। कुल = 60,000 + 15,000 = ₹75,000।
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