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