100 Objective Questions( BANKING AWARENESS )

1) What is Shadow Banking?
Ans :- Financial transactions and other activities of non-banking financial intermediary,
2) Devaluation of Mudra –
Ans :- Increases the exports and decreases the imports of a country,
3) The RBI does not transact the business of which State government?
Ans :- Jammu and Kashmir,
4) A PAN has initially a five-alphabet series like AFZPK 7190 K. Here P stands for –
Ans :- Individual,
5) Long-term fiscal policy was announced by which Finance Minister of India?
Ans :- VP Singh,
6) The National Payment Corporation of India (NPCI) has launched a mobile based payment facility. This facility is known as –
Ans :- IMPS,
7) Bad loans in banking terminology are generally known as –
Ans :- NPA,
8) The controlling authority of government expenditure is –
Ans :- The Finance Ministry,
9) Effective Revenue Deficit was introduced in the Union Budget of –
Ans :- 2011-12,
10) Interest payment is an item of –
Ans :-Revenue expenditure,
11) Foreign currency which has a tendency of quick migration is called –
Ans :- Hot currency,
12) Ad hoc Treasury Bill System of meeting budget deficit in India was abolished on –
Ans :- 31st March, 1997,
13) Convertibility of the rupee implies –
Ans :- Freely permitting the conversion of rupee to other major currencies and vice versa,
14) Interest on savings bank account is now calculated by banks on which basis?
Ans :- Daily product basis,
15) Which is the largest shareholder (in percentage shareholding) of a nationalized bank?
Ans :- Govt. of India,
16) Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of which citizens?
Ans :- Senior citizens,
17) Lending to Micro Finance Institutions by Bank considered as finance to which sector?
Ans :- Priority Sector,
18) What is money laundering?
Ans :- Conversion of Money which is illegally obtained,
19) Which is a measure taken by Reserve Bank of India to control inflation in our country?
Ans :- Raising of Repo / Reverse Repo Rate,
20) What type of loan is granted by banks for purchase of white goods?
Ans :- Consumer durables loan,
21) What are fixed deposits and recurring deposits?
Ans :- Repayable on demand,
22) Which accounts are allowed to be operated by cheques?
Ans :- Savings bank accounts and current accounts,
23) What is Mortgage?
Ans :- Security on immovable property for a loan given by a bank,
24) Which will setup sore banking infrastructure for rural banks?
Ans :- NABARD,
25) What is the name of cheque when a bank returns unpaid?
Ans :- Dishonor of the cheque,
26) Which state became the first state in the country to launch RBI’s e-payment system for commercial tax payers?
Ans :- Karnataka,
27) Interest payable on savings bank accounts is regulated by which bank?
Ans :- RBI,
28) Many times we read about Hawala transactions in newspapers. Hawala in India is prohibited under the provision of which Act?
Ans :- Foreign Exchange Management Act,
29) Which is material alteration of a negotiable instrument?
Ans :- Converting an order cheque to bearer cheque,
30) Which loan constitutes the largest percentage of Retail loans in India?
Ans :- Home loans,
31) Credit risk to the bank is high from which of these cards?
Ans :- Credit cards,
32) Which is a Credit Card Association?
Ans :- Master Card,
33) What is the Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as?
Ans :- Exchange rate,
34) Which are the bank branches that can undertake foreign exchange business directly are known as in foreign exchange?
Ans :- Exchange branches,
35) By which is insurance cover for bank deposits in our country provided?
Ans :- DICGC,
36) Which is the loan of very small amounts given to low income groups?
Ans :- Micro credit,
37) Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industry/ market?
Ans :- Banking industry,
38) What is the maximum period for which domestic term deposits are normally accepted by banks in our country?
Ans :-10 years,
39) Monetary Policy as an arm of the economic policy is administered by which bank?
Ans :- Reserve Bank of India,
40) Which reserves can act as a liquidity buffer for commercial banks during crisis times?
Ans :- SLR,
41) By whom are Savings bank accounts opened?
Ans :- Individuals for savings purposes,
42) Many a times we read in the news paper about CASA deposits of banks. CASA what are deposits?
Ans :- Demand deposits,
43) Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact?
Ans :- More liquidity in the market,
44) Whose signature is found on a 50 rupee currency note in India?
Ans :- Governor, RBI,
45) Which institution is involved mainly in granting Housing Loans?
Ans :- HDFC,
46) Almost all banks in our country have introduced which facility for granting crop loans to farmers?
Ans :- Kisan Credit Cards,
47) What is meant by financial inclusion?
Ans :- Making available banking services at an affordable cost,
48) Which agency/organization in India maintains the Micro. Finance Development and Equity Fund?
Ans :- National Bank for Agriculture and Rural Development (NABARD),
49) A bank branch receives a counterfeit note of Rs. 100 from the customer, which customer wants it back. Which action should be taken by the Bank?
Ans :- Will impound and not return,
50) In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
Ans :- Microfinance Institutions,
51) What is the mean of Bad debts?
Ans :- Amounts owed to a company that are not going to be paid,
52) What is the maximum permissible limit for investment in PDF account in a financial year?
Ans :- Rs. 150000,
53) In our country, till when a cheque remains valid for payment for from the date of issue?
Ans :- 3 months,
54) The Govt. of India has acquired RBI’s stake in one of the major banks of India. Which that bank?
Ans :- State Bank of India,
55) Credit Cards are known by which another name?
Ans :- Plastic money,
56) On domestic term deposits, banks in our country generally offer additional rate of interest on term deposits from which citizens?
Ans :- Senior citizens,
57) Which instrument cannot be transferred from one person to another by endorsement?
Ans :- Fixed Deposit Receipt,
58) Crossing applies to which instrument?
Ans :- Cheques,
59) Salary payable by Government of India to an Indian Citizen for services outside India –
Ans :- Is taxable in India,
60) Which asset can be mortgaged?
Ans :- Land and Building,
61) Which is foreign bank having offices/branches in India?
Ans :- Standard Chartered Bank,
62) Basel-II norms are associated with which aspect of the banking industry?
Ans :- Risk management,
63) If PAN details are not provided, the TDS is deducted at which rate?
Ans :- 20%,
64) What does the lowering of Bank Rate by the Reserve Bank of India leads to –
Ans :- More liquidity in the market,
65) By which bank is the rate of interest on Savings Bank Account stipulated? –
Ans :- RBI,
66) Which bodies regulates monetary policy in India?
Ans :- Reserve Bank of India,
67) Resurgent India Bonds were issued in US Dollar, Pound Sterling and –
Ans :- Deutsche Mark,
68) Currency market is regulated by the Reserve Bank of India (RBI), while currency futures are jointly regulated by the RBI and which other banks ?
Ans :- SEBI,
69) A bank without any branch network that offers its services remotely through online banking, telephone/mobile banking and inter-bank ATM network alliances is known as -
Ans :- Universal Banking,
70) The present Indian monetary system is based on –
Ans :- Minimum Reserve System,
71) In India, which is regulated by the forward Markets Commission?
Ans :- Commodities Futures Trading,
72) Goodwill account is a –
Ans :- Real account,
73) Financial year in banks is a period from –
Ans :- April to March,
74) If saving exceeds investment, how will the national income?
Ans :- Remain constant,
75) ... is the rate of which the central bank of a country (Reserve Bank of India) lends money to commercial banks in the event of any shortfall of funds -ans :-Repo Rate,
76) How does a decrease in SLR affect the market?
Ans :- Liquidity increases,
77) What does DTL stand for in the field of banking?
Ans :- Demand and Time Liabilities,
78) Real time settlement of fund transfer is known as –
Ans :- RTGS,
79) In banking business, when the borrowers avail a Term Loan, Initially they are given a repayment holiday and this is referred to as -
Ans :- Moratorium,
80) Interest below which a bank is not expected to lend to customers is known as -
Ans :- Base Rate,
81) Interest on Savings deposit nowadays is -
Ans :- Fixed by the respective Banks,
82) Banking Ombudsman is appointed by -
Ans :- RBI,
83) Bank deposits that can be withdrawn without notice are called -
Ans :- Demand deposits,
84) Suvidha Fixed Deposit scheme was launched by which bank?
Ans :- IDBI,
85) What does Demonetization mean?
Ans :-Withdrawal of currency from circulation which is done to ambush black market,
86) Increase in cash reserve ratio leads to -
Ans :- decrease in bank credit,
87) The Reserve Bank of India came into existence on -
Ans :- April 1, 1936,
88) How many banks were nationalized in 1969?
Ans :- 14,
89) The Reserve Bank of India issues notes under the following note issue method -
Ans :- Minimum reserve system,
90) The place where bankers meet and settle their mutual claims and accounts is known as -
Ans :- Clearing House,
91) Banks in India were nationalised for the first time in the year -
Ans :- 1969,
92) In India since Independence -
Ans :- the rate of savings and investment have gone up,
93) When was the IDBI ( Industrial Development Bank of India ) instituted?
Ans :- 1964,
94) When was the Reserve Bank of India taken over by the Government?
Ans :- 1948,
95) Bank rate is the rate of interest -
Ans :- At which Commercial Banks borrow money from RBI,
96) The highest dnomination of currency notes in circulation as legal tender in India is a present -
Ans :- Rs. 1000,
97) Who headed the Committee on Computerisation in Indian banks (1988)?
Ans :- M. Narasimhan,
98)The Reserve Bank of India issues -
Ans :- all the currency notes except the one rupee note,
99) The main function of the Exim Bank is -
Ans :- to promote exports and curtail imports,
100) A Bank's Fixed Deposit is also referred to as a -
Ans :- Term Deposit,

BANKING AWARENESS - ONE LINER

�� Banking ombudsman is appointed by – RBI
�� Tax free union territory – Pudhucherry
�� Maximum age for retirement of MD/CEO for all private banks – 70 years
�� New savings schemes introduced by SBI for children – pehlaKadam and PehliUdaan
�� Financial inclusion – Ensuring accessibility to bank accounts for many/all.
�� Vijay Mallya ‘willfull defaulter is declared by – United Bank of India
�� Mutual funds are regulated by – Securities Exchange Board of India (SEBI)
�� Equator- the term associated with Banking operations
�� U.T.I officially changed by – Axis bank
�� Regulatory authority of rural banks – RBI and NABARD
��EBT – Electrical Benefit Transfer
�� BMB Smartbanking – internet banking facility launched by BharatiyaMahila Bank
�� NABARD – Handles refinance for agriculture and rural development in India
�� ICICI – allow to open bank account for children above 10
�� Kotak Mahindra Bank – launched FACEBOOK based social networking instant fund transfer
�� SBI – introduced first multi-currency international debit card.
�� Microsoft – ready to set up data centres end of 2015.
�� The foreign exchange reserves are kept by – RBI
�� Bank of Rajastan merged with UCO bank
�� Drawer in bank cheques – who issues the cheque.
�� Drawee in bank cheque – always the banker
�� Union bank – first bank to set up talking ATM
�� SBI Associate banks – initially seven banks
�� During inflation tax should be increased.
�� Industrial sector – biggest tax paying sector in India
�� SBI – first Indian bank to touch market capital up to Rs.100000 crore
�� Insurance sector regulated by – Insurance Regulatory and Development Authority (IRDA)
�� United commercial bank – Expanded form UCO bank
�� TRIPS and TRIMS associated with – WTO
�� SBI and Bank of India – first two Indian banks to open branch in Pakistan
�� The merchant banking activities in India governed by - SEBI
�� RBI establish in – April 1, 1935.
�� Original name of SBI – Bank of Calcutta and Bank of Bengal
�� SBI comes into existence in – 1955
�� Hum Hai Na is the slogan of ICICI
�� World bank established in 1944
�� Headquarter of world bank is Washington DC.
�� World bank 12th president – Jim Yong Kim
�� SIDBI – Small Industries Development Bank of India
�� NHB – National Housing Bank
�� NHB established in 9th July, 1988
�� NDTL – Net Demand and Time Liabilities.
�� KYC – Know Your Customer
�� Inflation – increase in general level of price for goods and service
�� Bearer cheque – payable to any person who present it for payment at the bank counter
�� Capital market deals in – Long term funds and Debt and Equity
�� Banking commission established in – 1972
�� IRDA headquarter – Hyderabad
�� SBI formulated under – SBI Act 1955
�� ICICI – first universal bank established in country
�� Scheduled commercial banks got license under – Banking Regulation Act 1949
�� Laxmi commercial bank merged with Canara bank
�� If ATM is out of order it is called operational risk
�� When computer is not worked in banks is called operational risk
�� Credit risk – If loans are not repaid in time
�� Market risk – If the bank products failed to service in market
�� IFSC denotes Branch code of any bank
�� IFSC consist of 11 digits
�� Global bank – Take over by Oriental bank of commerce
�� RBI does not issue one rupee note
�� Bank of baroda – first bank to open branch outside India at London
�� NRI deposits called as Hot Money
�� LAB – Local Area Banks
�� Oriental bank of commerce – first bank to issue capital to public.
�� SEBI consists of chairman and five members
�� Bank rate – when RBI desires to restrict expansion of credit it raises.
�� Dishonour of the cheque – when bank returns the the cheque unpaid
�� Mortgage is the security on immovable property
�� FINO – Financial Information Network and Operation Limited
�� When the purchasing power of money decreases then rate of inflation increase.
�� DICGC – Deposits Insurance and Credit Guarantee Corporation of India Limited
�� Money laundering – conversion of money which is illegal.
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Airtel payment bank.....
Airtel payment bank
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Place - Rajasthan
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joint venture - Airtel , Kotak mahindra
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% share - Airtel (80%) , Kotak mahindra (20%)
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Chairman - shashi arora
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rate of interest - 7.25℅
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initail investment - 3000cr rs
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New one rupee notes to be in circulation soon��✌��
▶ Important facts about it������
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The new one rupee note contains the words ‘भारत सरकार’ above the words "Government of India" with the bilingual signature of Shaktikanta Das, Secretary, Ministry of Finance and with the replica of new rupee one coin with ₹ symbol of 2017 issued with ‘सत्‍यमेवजयते’ and capital insert letter ‘L’ in the numbering panel.��

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On the reverse side, it contains the words ‘भारत सरकार’ above the words "Government of India" with the year 2017 on the representation of One Rupee coin with ₹ symbol with floral design.��

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The surrounding design consists of the picture of 'Sagar Samrat' - the oil exploration platform - and authentic rendering of value in fifteen Indian languages in the language panel with the year figure shown on the centre bottom in international number. ��

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Here's the dimensions and paper composition of the new note:-������
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> Shape and Size: Rectangular 9.7 x 6.3 cm☺
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> Paper Composition:������
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a) 100 percent (Cotton) Rag Content ��            b) Weight of Paper:- 90 Grams per Square Meter ��                                         

c) Thickness of Paper:- 110 microns��
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Multi-tonal Watermarks :-������
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(i) Ashoka Pillar in the window without words ‘सत्‍यमेव जयते’��

(ii) Hidden Numeral ‘1’ in the centre��
(iii) Hidden Word ‘भारत’ vertically arranged on right hand side. ��
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��������BANKING ONE LINERS��������
Exchange of cash flow in different currency is known as: Ans: Currency Swap
●
Expand ASBA:Ans: Application Supported by Blocked Amount
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Fastest mode of transaction: Ans: RTGS
●
First Indian Bank to introduce credit card: Ans: Central Bank of India
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Fixed Deposit (FD)Account may be opened for a minimum period of: Ans: 7 days
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Fixed deposits and recurring deposits are: Ans: repayable after an agreed period
●
Forward Market Commission merge with: Ans: SEBI
●
Full form IFSC – Ans: Indian Financial System Code
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Full form of CASA –Ans: Current Account Saving Account
●
Full form of CVV: Ans: Card Verification Value
●
Full form of EFT: Ans: Electronic Fund Transfer
●
Full form of REIT:Ans: Real State Investment Trust
●
How much amount of money can RBI lend to a bank? Ans: 2% of NDTL
●
How much amount RBI allows in 'Tap and pay'transactions without PIN? Ans: Rs. 2000
●
How much fee charged to file a complaint under Banking Ombudsman? Ans: Banking
Ombudsman does not charge any fee
●
How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana'
scheme? Ans: Rs. 5,000
●
If a cheque is postdated, the bank on which it is drawn: Ans: will not honour the cheque
before the date of the cheque
●
If any customer is not satisfied by the decision of Banking Ombudsman, customer can
appeal against the award before the appellate authority within how many days from the
date of receipt? Ans 30 days
●
If RBI reduces CRR, what happens: Ans: Credit Supply increases, loans get cheaper.
222 IFRS full form:Ans: International Financial Reporting Standards
●
IFSC code consists of _____ alpha numeric code. Ans: 11 digits (The IFSC is an 11 digit
alpha numeric code, with the first four digits identifying the bank, fifth is numeric(kept
0) and the last six digits represent the bank branch.)
●
IMPS - Immediate Payment Service is an interbank electronic instant mobile money
transfer service through mobile phones in India, the facility is provided by: Ans: NPCI
(National Payment Corporation of India)
●
In a bank, which of the following are the usual types of accounts? Ans: Current
accounts, Savings bank accounts and Term deposit accounts
●
In banking business, when the borrowers avail a term Loan, initially they are given a
repayment holiday and this is referred as: Ans: Moratorium
●
In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does
not exceed rupees: Ans: Rs. 50,000
●
In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does
not exceed rupees: Ans: Rs. 1 lakh
●
In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a
month does not exceed rupees: Ans: Rs. 10,000
●
In CBS, C stands for: Ans: Core
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In CRAR, A stands for: Ans: Assets (Capital to Risk Weighted Assets Ratio)
●
In India, one- rupee coins are issued by: Ans: Govt. of India
●
In what denominations Commercial Paper (CP) can be issued? Ans: Rs. 5 lakh
●
In which of the following fund transfer mechanisms,can funds be moved from one bank
to another and where the transaction is settled instantly without being bunched with any
other transaction?Ans: RTGS
●
Increased interest rates, as is existing in the economy at present will: Ans: mean higher
cost of raw materials
●
PIN is a number allocated to an individual and used to validate electronic transactions.
●Expand PIN:Ans: Personal Identification Number
●
Pradhan Mantri Jan Dhan Yojana' is a Scheme for: Ans: Financial inclusion
●
Prime Lending Rate is replaced by: Ans: Base rate
●
Purpose of starting Minor account for 10 years children: Ans: Financial inclusion
●
RBI established on: Ans: April1, 1935
●
RBI extended the timeline for full implementation of Basel III norms till: Ans: 31 March
2019
●
RBI gave in-principle for Banking license to: Ans: IDFC and Bandhan
●
RBI lifted a ban on carrying Indian bank notes of Rs1,000 and Rs. 500 denominations to
and from:Ans: Nepal and Bhutan
●
RBI measure to liquidate the market: Ans: Repo rate.
●
RBI nationalized in: Ans: January 1, 1949
●
RBI policy related to money laundering? Ans: Know Your Customer
●
Regulator of Capital Market in India:Ans: SEBI
●
Regulator of Micro, Small and Medium enterprises in India: Ans: SIDBI (Small
Industries Development Bank of India)
●
RuPay Card is an Indian version of credit/debit card is launched by which organization:
Ans: NPCI (National Payments Corporation of India)
●
Short term Money lending process is known as: Ans: Call Money
●
SLR ((Statutory Liquidity Ratio)is the amount a commercial banks needs to maintain in
the form of _______before providing credit to its customers. Ans: cash, or gold, or govt.
approved securities (Bonds)
●
Special Drawing Right (SDR) is a monetary unit of: Ans: IMF
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Teaser rates are related to which type of loans: Ans: Home loans
●
The Banks has converted all ‘no - frills' accounts’ into: Ans: Basic Savings Bank
Deposit Accounts
●
The Central Bank of India has adopted new measure of inflation: Ans: Consumer Price
Index (CPI)
●
The holidays for the banks are declared as per: Ans: Negotiable Instruments Act
●
The maximum deposit amount insured by DICGC? Ans: Rs. 1 lakh per depositors across
all banks
●
The most powerful tool used by the Reserve Bank of India to control inflation is to: Ans:
raise interest rates
●
The MUtual funds in India follow accounting standards laid by: Ans: SEBI (Securities and Exchange Board of India)
●
Know Your Customer (KYC) guidelines are issued under: Ans: Section 35A of the
Banking Regulation Act, 1949
●
Loans of very small amounts given to low income groups is called: Ans: Micro Credit
●
MICR code consists of how many digits?Ans: 9 digits.(First three digits denotes city,
next three digits representing the bank and the last three digits representing the bank
branch)
●
Minimum & Maximum Limit of NEFT: Ans: no limit
●
Minimum amount for Certificate of Deposit has been fixed at: Ans: Rs. 1 Lakh
●
Minimum capital requirement for Foreign banks that want to set up operations in India
is: Ans: Rs. 500 crore
●
Minimum capital requirement for new banks in private sector is: Ans: Rs. 500 crore
●
Minimum capital requirement for Non-Banking Financial Company (NBFC) is: Ans: Rs.
500 crore
●
Minimum limit for medium scale enterprises is Rs. 5Cr. what is maximum limit? Ans:
10 Cr.
●
Mobile banking fund transfer limit in a day: Ans: Rs. 50,000
●
Mutual funds regulated by: Ans: SEBI (Securities and Exchange Board of India)
●
Name the scheme to include every people under banking system: Ans: Financial
Inclusion
●
NEFT and RTGS in banking terminology speak of: Ans: electronic fund transfer from
bank to bank
● Pension scheme for unorganized sector:Ans: Swavalamban
●
The NBFCs are allowed to accept/renew public deposits for a minimum period of:Ans:
12 months ( and maximum period of 60 months)
●
The objective of KYC guidelines is to prevent banks from being used, intentionally or
unintentionally, by criminal elements for money laundering or terrorist financing
activities. What is the full form of KYC? Ans: Know Your Customer (KYC)
●
The ownership of public sector banks rests: Ans: jointly with the Government of India
and the shareholders from the public
●
The RBI policy rate which is purely an indicative rate used by RBI to signal long – term
outlook on interest rates is: Ans: Bank rate
●The seed capital of Bhartiya Mahila Bank is: Ans: Rs.1000 crore
● The sole authority to issue and manage currency in India: Ans: RBI
●The term ‘pre – shipment’ finance relates to: Ans: export credit
● The term “Smart Money” refers to: Ans: Credits Card
●Treasury bill tenure:Ans: 91 days, 182 days, 364 days
●
Treasury Bills and Certificate of Deposit are considered as the ____instruments.Ans:
negotiable money market
●Treasury bills are available for a minimum amount of:Ans: Rs. 25,000
●
Under which service, customers may access their bank account and perform basic
transactions from any of the member branch offices. Ans: Core Banking Solution (CBS)
● What does CAR stands for? Ans: Capital Adequacy Ratio
●
What is ‘Demat Accounts’? Ans: Accounts in which shares of various companies are
traded in electronic form
●
What is Bancassurance? Ans: The selling of life assurance and other insurance products
and services by banking institutions.
● What is full form of CTS? Ans: Cheque Truncation System
●
What is Repo rate? Ans: It is the rate is the rate at which RBI lends money to the
commercial banks.
●
What is Stale Cheque? Ans: A cheque which is presented to a bank after 3 months from
date of issue is considered as stale cheque and will often not be honored for cash or
deposit at a bank.
●
What is Teaser loan? Ans: If a bank offers a slightly lower rate in the initial years and
higher rate in later years, it is called a teaser loan.
●What is the full form of MTSS? Ans: Money Transfer Service scheme
●
What is the loan limit for education under priority sector for studies abroad? Ans: Rs. 20
lakh (Loans to individuals for educational purposes including vocational courses upto
Rs.10 lakh for studies in India and Rs. 20 lakh for studies abroad are included under
priority sector.)
●
What is the maximum amount per transaction NEFT limit for cash-based remittances to
Nepal? Ans: Rs. 50,000
●What is the minimum amount required to open a Fixed Deposit (FD)? Ans: Rs.1000
● What is the minimum denomination of Treasury bills to issue in India? Ans: Rs. 25000
●
What is the minimum paid-up capital requirement of both small banks and payments
banks in India? Ans: Rs. 100 crore
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����BANKING ONE LINERS����
�� Rates of Interest on deposits are determined by--------- The Bank itself.
�� Foreign exchange Reserves of India are kept in the custody of ------RBI.
�� The Export-Import Bank of India was set up in ------ January 1982.
�� The Banking Regulation Act was implemented on----- March 10, 1949.
�� The RBI Act was implemented on ----------------------- 6 March 1934.
�� The minimum capital requirement Payment Banks is Rs ----100 cr
�� The minimum capital requirement Small Banks is Rs -----100 cr
�� How much percentage of the net credits of Small Finance Banks should be in priority sector lending ------ 75%
�� How much percentage of the net credits of Commercial Banks should be in priority sector lending--------40%
�� KYC guidelines followed by the banks have been framed on the recommendations of the-----RBI.
�� How many codes are there in SWIFT code----8 or 11(4—bank code,2-country code,2-location code,3—branch code)
�� Regulator of Capital Market........SEBI
�� When a bank returns a cheque unpaid, it is called-----Dishonor cheque
�� Banking Ombudsman Scheme is applicable to the business of--- All scheduled commercial banks including RRBs.
�� World Investment Report has been published by---UNCTAD.
16. The full form of ‘CORE’ ---- Centralized Online Realtime Exchange.
�� RBI was nationalized on - ----- 1 January 1949.
�� SDR, the currency of the IMF, is in the form of ------ Book keeping entry only.
�� In India, National income is estimated by ---- Central Statistical Organization(CSO).
�� What would be the New Price Index that would measure inflation------- CPI (2012).
�� The Chairman of SEBI is nominated by ------ GoI.
�� The full form LAF ----- Liquidity Adjustment Facility(repo,reverese repo).
�� ‘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.

�� transferring local financial assets into foreign financial asset freely and at market determined exchange rates-------- Capital Accounts Convertibility.

�� unsecured bonds that cannot be converted to company equity or stock ---- Non Convertible Debentures.
�� CIBIL score range ----- 300-900.
�� Foreign Currency which has a tendency of quick migration is called-Hot Currency.
�� World Development Report published by------ World bank
�� Educational for All Development Index is released by ---- UNO
�� World Economic Outlook” Report ------ IMF.
�� On the basis of recommendations of which of the following committees NABARD was established------sivaramana committee.
�� RRBs is established in ------ 2 Oct 1975.
�� SBI establishment day is celebrated on ------ 1st July.
�� What is the full form of IIP------- Index of Industrial Production.
�� Call money is related to ------ Money market.
�� Report on Currency and Finance ------RBI.
�� Which day is celebrated as the Banks Nationalization Day ------ 19 july
�� Nationalize 14 major commercial bank on ----19 july,1969(deposit over 50 cr).
�� 6 more private banks were nationalized on ----1980(deposits over 200 crores).
�� currency which is hyper sensitive and fluctuates frequently.----Soft currency(weak currency).
�� In NUUP, a customer can access banking services by just pressing -----*99#.
�� How many digits are there in Mobile Money Identifier(MMID)----7
�� How User will know whether his/her AADHAAR number is seeded/linked to any bank account number or not-----dial *99*99# on mobile
�� A customer can link how many account to the same mobile number----more than one.
�� Which of the following is the parent organisation of UPI----NPCI.
�� Customers using the UPI system only share ----vIRTUAL ADDRESS.
�� What is the upper transaction limit of UPI system----1 lakh.
�� The following acts helps a bank in its day-to-day activities ---- Negotiable Instruments Act..
�� 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.

�� What is meant by a scheduled bank---- A bank included in 2nd schedule of RBI Act, 1934.
�� The Definition of ‘Banking’ is given in---- The Banking Regulation Act, 1949.
�� Banks are required to maintain SLR under ----- Section 24 of the Banking Regulation Act.
�� “Micro Credit” means ------ Loan of very small amount
�� Expand FSDC----- Financial Stability and Development Council
�� Certificate of Deposits can be issued for a maximum period of---365 days(minimum 7 days)
�� LLP--- Limited Liability Partnership.
�� One rupee notes bear the signature of.......... Secretary, Ministry of Finance.
�� security on immovable property for a loan given by a bank ----- Mortagage.
�� What is “Stagflation ----- inflation after deflations.
�� National Savings Certificate matures at the end of---- 5 years.
�� Certificates of Deposits have a minimum value of _---- 1 lakh.
�� Under which method of note-issue the RBI issues notes---- Minimum Reserve System.
�� A rise in the reserve ratio of banks ---- Will lead to a decrease in the money supply
�� FCNR accounts can be opened and maintained as------ Term Deposit Accounts
�� An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company----- IDR

�� Interest on the savings bank accounts is compounded ------ Daily
�� Current account becomes dormant when there are no withdrawals for the last--- 2 years
�� A cheque becomes stale after ---- 3 months
�� is a temporary pass through account held by a third party during the process of a transaction between two parties--- Escrow Account
�� CRAR----- Capital to Risk (Weighted) Assets Ratio
�� On a cheque instead of two parallel lines only bank’s name is written. It is a------ Special crossing
�� Concept of tobin tax is associated with---Foreign exchange transctions
�� A NBFC prohibited----accepted demand deposits
�� A account is mainted by an indian bank in the foreign countries----Nostro account
�� ASBA(Applications Supported by Blocked Amount) is associated with---IPO
�� Banking Ombudsmen is appointed by RBI under---Banking Regulation act
�� Systematic investment plan is related to ----- mutual funds
�� A NBFC is a company registerd under ----Companies act,1956
�� The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans---- Prime lending rate:

�� 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

�� Is introduction necessary while opening a bank account----NO
�� PSLC ----Priority Sector Lending Certificates
�� The Banking Ombudsman Scheme is introduced under-----Section 35 A of the Banking Regulation Act, 1949
�� Maximum amount of compensation as specified under Banking Ombudsman-----10 lakh
�� Maximum amount for mental agony and harassment in case of creditcard----1 lakh
�� Commercial Paper (CP) introduce in------ 1990
�� minimum and maximum period of maturity prescribed for CP----7days---1 year
�� In what denominations a CP that can be issued-----5 lakh or multiples thereof.
�� which date Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ? 500/- and ? 1000/---November 8
�� Fully KYC complaint account holders may be allowed to withdraw of PMJDY For month--10000
�� Non KYC compliant account holders may be allowed to withdraw of PMJDY For month---5000
�� PMGKDS stands--- Pradhan Mantri Garib Kalyan Deposit Scheme,2016-- Taxation and Investment Regime
�� last date declarant make the deposit into the scheme PMGKDS---- March 2017
�� who defines a person resident in India--- Foreign Exchange Management Act, 1999 (FEMA)
�� ATMs set up, owned and operated by non-banks are called----White Label ATMs

����������������������������
What is Para Banking Activity?
Banks can undertake certain eligible financial services or activities either departmentally or by setting up subsidiaries is called Para Banking. We could also define Para banking activities as the activities which are done by a Bank apart from its normal day to day activities (like deposit, withdrawal etc.)

Para banking activities are the activities carried out by the bank which are apart from its normal day-to-day activities.
The normal day-to-day activities involve deposits, withdrawals, giving credit, etc.
But this does not mean that bank can go for any type of activity by its own. The Para Banking activities which can be performed by bank have been permitted by RBI. Banks can do these activities either departmentally or by setting up subsidiaries to undertake the type of business.

The Para Banking activities are such as insurance business, portfolio management services, to become pension fund managers, mutual funds business, money market mutual funds, underwriting of bonds of PSUs, investment in venture capital funds, etc.

Banks must follow the whole set of guidelines as given by RBI.

Activities of Indian Banks which come under Para Banking are as follows
1- Banks’ investment in Venture Capital Funds (VCFs)
2- Banks as sponsors to Infrastructure Debt Funds
3- Equipment leasing, Hire purchase business and Factoring services
4- Primary Dealership business
5- Underwriting of Corporate Shares and Debentures
6- Underwriting of bonds of Public Sector Undertakings
7- Retailing of Government Securities
8- Mutual Fund Business
9- Money Market Mutual Funds
10- (MMMFs)Cheque Writing Facility for Investors of MMMFs
11- Insurance business Pension Fund Management (PFM) by banks
12- Referral Services
13- Membership of SEBI approved Stock Exchanges Portfolio Management services
14- Safety Net’ Schemes
15- Disclosure of commissions/ remunerations
��������������������������
���� Banking & Financial points ����
●GDP – Gross Domestic Product.
●NBFC – Non banking finance company.
Bear and Bulls related to – Stock Market.
●SDR (Special Drawing Rights)  issued by – IMF.
●Financial Inclusion -- Banking services to rural people termed.
●The details of the companies financial position in the annual report of a company is known as – balance sheet.
●Insurance companies regulate in India – IRDA (Insurance Regulatory Development Authority).
●The financial body which frames Monetary and Financial policy in India – RBI.
●RBI says Rupee Over valued, what it means -- The rupee has lost only against the dollar but appreciated against other currencies.
●.For preventing frauds and counterfeiting in a bank, RBI has proposed a scheme called – Know Your Customer (KYC).
●Organization deals with Fertilizer industry – IFFCO (Indian Farmers Fertiliser Cooperative Limited).
●FCCB stand for - Foreign Currency Convertible Bond.
●MAT stand for – Minimum Alternate Tax.
●Monetary Policy include - CRR and SLR.
●SME – Small and Medium Enterprises.
●Foreign exchanges are done in – US Dollars.
●Home loans are given to – Individuals.
●SME loans are given to – ALL Small Scale Industries(SSI).
●FCRA – Foreign Contribution Regulation Act.
●APEC – Asia Pacific Economic Cooperation.
●NPA – Non Performing assets
●Basel II norms – Maintaining Capital Adequate ratio
●POS – Point of sale
●ECS – Electronic Clearing system
●The exchange of goods between the two or more countries is known as - FTA(Free Trade Agreement).
●
●Full form of TPF– Trade policy Forum.
Credit Rating agency in India – CRISIL
●Stocks and bonds are trade – Capital Market
●Service Tax is Shared by – Central Government.
●FTA released by – Ministry of Commerce & Industry
●Reverse Mortgage scheme is related to – For Senior Citizens
●First to start Mutual Fund trading on BSE – UTI Mutual Fund.
●IIP (Index of Industrial Production) was released by – Central Statistical Organization (CSO).
●World Investment Report released by – UNCTAD.
●NCDEX (National Commodity and Derivatives Exchange) commodity stock exchange is headquartered—Mumbai
●NABARD(National Bank for Agriculture and rural development bank ) is headquartered – Mumbani
●ADB (Asian Development Bank ) is headquartered – Manila
●POS -- Point of Scale
●VAT stands for -- Value Added Tax
●GST : Good and Service Tax.
●Who issue & regulate currency -- RBI
●NEFT full form -- National Electronic Fund Transfer.
●Full form of LLP – Limited Liability Partnership.
●Max limit for RTGS (Real Time Gross Settlement) - No limit.
●Which bank can accept deposit -- commercial bank
●Insurance services given by banks are called – Bancassurance.
●Bank are connected to all banking network -- Core Banking Solution.
●Financial inclusion is -- Banking facilities to all of them whom not has provided as yet.
●Who has maximum share in nationalized Bank -- Govt of India.
●Demat account use for -- for shares trading in electronic form.
●RTGS minimum threshold limit recently raised to – 2  lac
●Govt. sharehold in public sector banks cant be below –51%
●NEFT system uses which codes -- IFS Codes.
●KYC procedure requires -- ID & address proof of the customer
●Self Help groups means -- Self-Help Groups are prime platform for social mobilization of women and creating awareness about legal and political rights.

●Reverse mortgage loan -- Finance given to senior citizens against residential houses/flats.
●Fastest inter bank transfer is by --  RTGS.
●ASBA -- Application Supported by Blocked Amount.
●SLR -- The minimum reserves each bank must hold to customer deposits and  notes.
●FINO -- Financial Inclusion Network and Operations.
●C.A.G. -- Comptroller and Auditor General
●Rights issue mean -- Sale of securities to existing share holders
●Secondary Market regulated by – SEBI
●Expand NOHC -- Non-Operative Holding Company
●CDSL means -- Central Depository Services Limited
●NSDL means -- National Securities Depository Limited
●ETF stands for -- Exchange Traded Fund
●Core banking means – Connectivity of branches, ATM and online systems of all branches.
●The Foreign Exchange Reserve of India are kept in the custody of -- Reserve Bank of India.
●Plastic money -- Credit Card, Debit Card
●PPP means : purchasing power parity.
●N.A.V.  – Net Assets Value.
●Controlling & regulate Share market : SEBI (Security Exchange Board of India).

N e w s A t @ G l a n c e(1st june,2017)

♨ *1. World No Tobacco Day is observed around the world every year on May 31. The theme for World No Tobacco Day 2017 is "Tobacco – a threat to development."* 

��Tedros Adhanom Ghebreyesus will be the New head of WHO  after replacing Margaret Chan.

��Headquarter of WHO is in Geneva, Switzerland.

��The member States of the World Health Organization (WHO) created World No Tobacco Day in 1987.

♨ *2. The Minister of Defence and National Security of Fiji, Ratu Inoke Kubuabola accompanied by his delegation signed a MoU with the Minister of Defence, Finance and Corporate Affairs, Shri Arun Jaitley in New Delhi.*

��Fiji Capital is Suva and its Currency is Fijian Dollar.

��Frank Bainimarama is the PM of Fiji.

♨ *3. India and Germany inked twelve memoranda of understanding and agreements following bilateral delegation-level talks presided over by Prime Minister Narendra Modi and Germany Chancellor Angela Merkel.* 

�� The agreements inked included nine joint declarations of intent (JDIs) and three memoranda of understanding.

��The agreements include collaboration in the field of digitalization, skill development, and cooperation in cyber policy.

�� Besides, the two nations also agreed to resume the free trade talks between India and the European Union.

��The Capital of Germany is Berlin and its Currency is  Euro.

♨ *4. 43rd G7 Summit was held on 26-27 May, 2017 in Taormina, Sicily, Italy.*

��The 43rd G7 summit was the first summit for British Prime Minister Theresa May.

��The Group of 7 (G7) is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

��The European Union is also represented within the G7.  

��The theme of the Italian G7 Summit 2017 is-" Building the Foundation of Renewed Trust." 

��The first occasion of G7 Summit was in 1980 in Venice, Italy.

��Next G-7 Summit will be held in Canada in 2018.

��This is the sixth time that Italy has taken over the rotating G7 Presidency.

��PM of Italy is Paolo Gentiloni and the capital and currency is Rome and Euro respectively.

♨ *5. The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. New one rupee notes with predominantly pink-green on obverse and reverse in combination with other colours will be soon put into circulation.*

��The note will bear signature of Shaktikanta Das, Secretary in the Ministry of Finance.

��BP Kanungo is the New Deputy Governor of RBI after replacing of R Gandhi.

��Urjit Patel is the 24th Governor of RBI and its headquarter is in Mumbai.

��RBI was nationalised in 1949.

♨  *6. According to India Development Report released by World Bank,  India had one of the lowest female participation in the workforce, ranking 120th among 131 countries.*

��World Bank President is Jim Yong Kim and its headquarter is in Washington D.C. USA.

��World Bank was founded in 1944.

♨ *7. This year Union Health Minister of India Jagat Prakash Nadda is chosen for WHO Director-General Special Recognition Awards for accelerating India’s tobacco control initiatives and taking bold measures to protect people against hazards of tobacco use.*

♨ *8. Coming next year, you won't have to rely on heavily accented lady for directions on Google Maps. Instead India will be having its own GPS system. 'NavIC' will be operational early 2018.*

��NavIC or 'Navigation with Indian Constellation' the name given by PM Narendra Modi after the launch of Indian Regional Navigation Satellite System IRNSS-1G, is designed to provide accurate position information to users within the country. 

♨ *9. Harmanpreet Kaur, the captain of India's T20 team has become the first Indian Women cricketer to play in Kia Super League, the England T20 League.*

♨ *10. India captain Virat Kohli is the lone cricketer from the country to feature in the top 10 of the ICC Players Rankings for ODIs as he managed to hold on to his third spot in the batsman's chart.*

��The top three batsmen  South Africa's AB de Villiers (874 rating points), Australian David Warner (871) and Kohli (852) are separated by just 22 points.

��Virat Kohli received the prestigious Polly Umrigar Award during BCCI’s International Cricketer of the Year awards 2017.

��Virat Kohli is the first to receive the Polly Umrigar Award award thrice.

��He had won the award in 2011-12 and in 2014-15.

♨ *11.Barcelona striker Lionel Messi won the European Golden Shoe for a record-equaling fourth time having scored 37 goals in the Spanish league.*

��He drew level with Real Madrid’s Cristiano Ronaldo with the fourth honor.

M o r n i n g N e w s(1st june,2017)

1. Defence Minister Arun Jaitley inaugurated a grid-connected solar power plant of 16 MW capacity at the Ordinance Factory in Telangana’s Medak. He also dedicated a 9 MW capacity windmill project installed at Dammur in Karnataka.

रक्षा मंत्री अरुण जेटली ने तेलंगाना के मेडक में आयुध निर्माणी में 16 मेगावाट क्षमता के ग्रिड से जुड़े सौर उर्जा संयंत्र का उद्घाटन किया। उन्होंने कर्नाटक के दम्मूर में नौ मेगावाट क्षमता की पवनचक्की परियोजना का भी शुभारंभ किया।

2. Veteran filmmaker and former Union minister Dasari Narayana Rao died. He was 75. 

प्रसिद्ध फिल्म निर्माता और पूर्व केन्द्रीय मंत्री दसारी नारायण राव का निधन हो गया। वह 75 वर्ष के थे।

3. President Pranab Mukherjee awarded Fujii Takeshi of Japan and Gabriela Nik Ilieva of US with the George Grearson Award for promoting Hindi language. 

राष्ट्रपति प्रणब मुखर्जी ने हिंदी भाषा को बढ़ावा देने के लिए फुजी ताकेशी और अमेरिका की गैबरीला निक इलीवा को जॉर्ज गियरसन पुरस्कार से सम्मानित किया।

4. The Centre has nominated former Union minister Ram Shankar Katheria and national secretary of the BJPs SC Morcha L Murugan as the chairman and the vice- chairman of the National Commission for Scheduled Castes respectively. 

केंद्र ने पूर्व केंद्रीय मंत्री रामशंकर कठेरिया और भाजपा के अनुसूचित जाति मोर्चा के राष्ट्रीय सचिव एल मुरूगन को राष्ट्रीय अनुसूचित जाति आयोग (एनसीएससी) का क्रमश: अध्यक्ष और उपाध्यक्ष नामित किया।

5. A V Girija Kumar has been appointed as Chairman-cum-Managing Director of Oriental Insurance Company Limited. 

ए वी गिरिजा कुमार को ओरिएंटल इंश्योरेंस कंपनी लि. का अध्यक्ष एवं प्रबंध निदेशक नियुक्त किया गया।

6. O P Prahladka took over as the new Chairman of Export Promotion Council for Handicrafts (EPCH). 

ओ पी प्रह्लादका ने हस्तशिल्प निर्यात संवर्धन परिषद (ईपीसीएच) के नये अध्यक्ष के रूप में पदभार ग्रहण किया।

7. Star Sports, the sports broadcast arm of Star India, has launched "Star Sports Tamil," the country's first Tamil sports channel. 

स्टार इंडिया की खेल प्रसारण से जुड़ी कंपनी स्टार स्पोर्ट्स ने 'स्टार स्पोर्ट्स तमिल' शुरू किया है जो देश का पहला तमिल खेल चैनल होगा।

8. Indian captain Virat Kohli is the only Indian cricketer to feature in the top 10 of the ICC Players Rankings for ODIs as he managed to hold on to his third spot in the batsman's chart. 

भारतीय कप्तान विराट कोहली एकमात्र भारतीय क्रिकेटर हैं जो आईसीसी वनडे खिलाड़ियों की रैंकिंग में शीर्ष दस में शामिल हैं। उन्होंने बल्लेबाजों की सूची में अपना तीसरा स्थान बरकरार रखा है।

9. Narendra Modi became the first Indian Prime Minister to visit Spain in nearly 30 years. 

नरेंद्र मोदी लगभग 30 वर्षों बाद स्पेन का दौरा करने वाले पहले भारतीय प्रधानमंत्री बने।

10. Only four Indians feature in 'ESPN's World Fame 100', a list ranking the world's 100 most famous athletes. Virat Kohli, ranked 13th, is followed by MS Dhoni at 15th place, while Yuvraj Singh and Suresh Raina are ranked 90th and 95th, respectively. 

ईएसपीएन की दुनिया के 100 सबसे प्रसिद्ध एथलीटों की रैंकिंग सूची 'ईएसपीएन वर्ल्ड फेम 100' में मात्र चार भारतीय शामिल हैं। इस सूची मे विराट कोहली 13 वें स्थान पर, महेंद्र सिंह धोनी 15 वें स्थान पर जबकि युवराज सिंह और सुरेश रैना क्रमशः 90 वें तथा 95 वां स्थान पर हैं.