BA
RMRevathy:
Banking Awareness::
1. Rates of Interest on deposits are determined by--------- The Bank itself.
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2. Foreign exchange Reserves of India are kept in the custody of ------RBI.
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3. The Export-Import Bank of India was set up in ------ January 1982.
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4. The Banking Regulation Act was implemented on----- March 10, 1949.
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5. The RBI Act was implemented on ----------------------- 6 March 1934.
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6. The minimum capital requirement Payment Banks is Rs ----100 cr
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7. The minimum capital requirement Small Banks is Rs -----100 cr
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8. How much percentage of the net credits of Small Finance Banks should be in priority sector lending ------ 75%
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9. How much percentage of the net credits of Commercial Banks should be in priority sector lending--------40%
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10. KYC guidelines followed by the banks have been framed on the recommendations of the-----RBI.
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11. How many codes are there in SWIFT code----8 or 11(4—bank code,2-country code,2-location code,3—branch code)
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12. regulator of Capital Market........SEBI
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13. When a bank returns a cheque unpaid, it is called-----Dishonor cheque
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14. Banking Ombudsman Scheme is applicable to the business of--- All scheduled commercial banks including RRBs.
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15. World Investment Report has been published by---UNCTAD.
16. The full form of ‘CORE’ ---- Centralized Online Realtime Exchange.
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17. RBI was nationalized on - ----- 1 January 1949.
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18. SDR, the currency of the IMF, is in the form of ------ Book keeping entry only.
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19. In India, National income is estimated by ---- Central Statistical Organization(CSO).
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20. What would be the New Price Index that would measure inflation------- CPI (2012).
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21. The Chairman of SEBI is nominated by ------ GoI.
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22. the full form LAF ----- Liquidity Adjustment Facility(repo,reverese repo).
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23. ‘Ways and Means’ advances refers to ----- The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues.
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24. transferring local financial assets into foreign financial asset freely and at market determined exchange rates-------- Capital Accounts Convertibility.
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25. unsecured bonds that cannot be converted to company equity or stock ---- Non Convertible Debentures.
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26. CIBIL score range ----- 300-900.
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27. Foreign Currency which has a tendency of quick migration is called-Hot Currency.
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28. World Development Report published by------ World bank
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29. Educational for All Development Index is released by ---- UNO
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30. World Economic Outlook” Report ------ IMF.
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31. On the basis of recommendations of which of the following committees NABARD was established------sivaramana committee.
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32. RRBs is established in ------ 2 Oct 1975.
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33. SBI establishment day is celebrated on ------ 1st July.
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34. What is the full form of IIP------- Index of Industrial Production.
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35. Call money is related to ------ Money market.
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36. Report on Currency and Finance ------RBI.
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37. Which day is celebrated as the Banks Nationalization Day ------ 19 july
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38. Nationalize 14 major commercial bank on ----19 july,1969(deposit over 50 cr).
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39. 6 more private banks were nationalized on ----1980(deposits over 200 crores).
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40. currency which is hyper sensitive and fluctuates frequently.----Soft currency(weak currency).
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41. In NUUP, a customer can access banking services by just pressing -----*99#.
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42. How many digits are there in Mobile Money Identifier(MMID)----7
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43. How User will know whether his/her AADHAAR number is seeded/linked to any bank account number or not-----dial *99*99# on mobile
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44. A customer can link how many account to the same mobile number----more than one.
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45. Which of the following is the parent organisation of UPI----NPCI.
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46. Customers using the UPI system only share ----vIRTUAL ADDRESS.
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47. What is the upper transaction limit of UPI system----1 lakh.
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48. the following acts helps a bank in its day-to-day activities ---- Negotiable Instruments Act..
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49. Transfer of any instrument to another person by signing on its back or face or on a slip of paper at
tached to it is known as........ endorsement.
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50. What is meant by a scheduled bank---- A bank included in 2nd schedule of RBI Act, 1934.
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51. The Definition of ‘Banking’ is given in---- The Banking Regulation Act, 1949.
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52. Banks are required to maintain SLR under ----- Section 24 of the Banking Regulation Act.
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53. “Micro Credit” means ------ Loan of very small amount
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54. Expand FSDC----- Financial Stability and Development Council
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55. Certificate of Deposits can be issued for a maximum period of---365 days(minimum 7 days)
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56. LLP--- Limited Liability Partnership.
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57. One rupee notes bear the signature of.......... Secretary, Ministry of Finance.
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58. security on immovable property for a loan given by a bank ----- Mortagage.
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59. What is “Stagflation ----- inflation after deflations.
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60. National Savings Certificate matures at the end of---- 5 years.
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61. Certificates of Deposits have a minimum value of _---- 1 lakh.
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62. Under which method of note-issue the RBI issues notes---- Minimum Reserve System.
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63. A rise in the reserve ratio of banks ---- Will lead to a decrease in the money supply
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64. FCNR accounts can be opened and maintained as------ Term Deposit Accounts
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65. An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company----- IDR
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66. Interest on the savings bank accounts is compounded ------ Daily
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67. Current account becomes dormant when there are no withdrawals for the last--- 2 years
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68. A cheque becomes stale after ---- 3 months
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69. is a temporary pass through account held by a third party during the process of a transaction between two parties--- Escrow Account
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70. CRAR----- Capital to Risk (Weighted) Assets Ratio
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71. On a cheque instead of two parallel lines only bank’s name is written. It is a------ Special crossing
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72. Concept of tobin tax is associated with---Foreign exchange transctions
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73. A NBFC prohibited----accepted demand deposits
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74. A account is mainted by an indian bank in the foreign countries----Nostro account
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75. ASBA(Applications Supported by Blocked Amount) is associated with---IPO
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76. Banking Ombudsmen is appointed by RBI under---Banking Regulation act
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77. Systematic investment plan is related to ----- mutual funds
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78. A NBFC is a company registerd under ----Companies act,1956
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79. The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans---- Prime lending rate:
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80. A loan offered to an individual who does not qualify for a loan at the prime rate due to their credit history---- Sub prime lending
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81. Is introduction necessary while opening a bank account----NO
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82. PSLC ----Priority Sector Lending Certificates
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83. The Banking Ombudsman Scheme is introduced under-----Section 35 A of the Banking Regulation Act, 1949
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84. Maximum amount of compensation as specified under Banking Ombudsman-----10 lakh
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85. Maximum amount for mental agony and harassment in case of creditcard----1 lakh
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86. Commercial Paper (CP) introduce in------ 1990
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87. minimum and maximum period of maturity prescribed for CP----7days---1 year
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88. In what denominations a CP that can be issued-----5 lakh or multiples thereof.
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89. which date Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ? 500/- and ? 1000/---November 8
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90. Fully KYC complaint account holders may be allowed to withdraw of PMJDY For month--10000
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91. Non KYC compliant account holders may be allowed to withdraw of PMJDY For month---5000
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92. PMGKDS stands--- Pradhan Mantri Garib Kalyan Deposit Scheme,2016-- Taxation and Investment Regime
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93. last date declarant make the deposit into the scheme PMGKDS---- March 2017
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94. who defines a person resident in India--- Foreign Exchange Management Act, 1999 (FEMA)
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95. ATMs set up, owned and operated by non-banks are called----White Label ATMs
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96. Those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider, but cash ma
nagement and connectivity to
banking networks is provided by a sponsor bank whose brand is used on the ATM---Brown label ATM
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97. When did Payment and Settlement Systems Act----20 th dec 2007.
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98. A Non-Banking Financial Company (NBFC) is a company registered under the----Companies Act, 1956
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99. can NBFC accept demand deposits ---- no
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100.Is Deposit Insurance and Credit Guarantee Corporation available to depositors of NBFCs---No