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
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Expand ASBA:Ans: Application Supported by Blocked Amount
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Fastest mode of transaction: Ans: RTGS
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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
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Forward Market Commission merge with: Ans: SEBI
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Full form IFSC – Ans: Indian Financial System Code
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Full form of CASA –Ans: Current Account Saving Account
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Full form of CVV: Ans: Card Verification Value
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Full form of EFT: Ans: Electronic Fund Transfer
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Full form of REIT:Ans: Real State Investment Trust
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How much amount of money can RBI lend to a bank? Ans: 2% of NDTL
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How much amount RBI allows in 'Tap and pay'transactions without PIN? Ans: Rs. 2000
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How much fee charged to file a complaint under Banking Ombudsman? Ans: Banking
Ombudsman does not charge any fee
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How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana'
scheme? Ans: Rs. 5,000
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If a cheque is postdated, the bank on which it is drawn: Ans: will not honour the cheque
before the date of the cheque
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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
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If RBI reduces CRR, what happens: Ans: Credit Supply increases, loans get cheaper.
222 IFRS full form:Ans: International Financial Reporting Standards
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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.)
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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)
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In a bank, which of the following are the usual types of accounts? Ans: Current
accounts, Savings bank accounts and Term deposit accounts
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In banking business, when the borrowers avail a term Loan, initially they are given a
repayment holiday and this is referred as: Ans: Moratorium
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In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does
not exceed rupees: Ans: Rs. 50,000
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In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does
not exceed rupees: Ans: Rs. 1 lakh
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In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a
month does not exceed rupees: Ans: Rs. 10,000
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In CBS, C stands for: Ans: Core
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In CRAR, A stands for: Ans: Assets (Capital to Risk Weighted Assets Ratio)
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In India, one- rupee coins are issued by: Ans: Govt. of India
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In what denominations Commercial Paper (CP) can be issued? Ans: Rs. 5 lakh
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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
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Increased interest rates, as is existing in the economy at present will: Ans: mean higher
cost of raw materials
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PIN is a number allocated to an individual and used to validate electronic transactions.
●Expand PIN:Ans: Personal Identification Number
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Pradhan Mantri Jan Dhan Yojana' is a Scheme for: Ans: Financial inclusion
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Prime Lending Rate is replaced by: Ans: Base rate
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Purpose of starting Minor account for 10 years children: Ans: Financial inclusion
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RBI established on: Ans: April1, 1935
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RBI extended the timeline for full implementation of Basel III norms till: Ans: 31 March
2019
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RBI gave in-principle for Banking license to: Ans: IDFC and Bandhan
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RBI lifted a ban on carrying Indian bank notes of Rs1,000 and Rs. 500 denominations to
and from:Ans: Nepal and Bhutan
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RBI measure to liquidate the market: Ans: Repo rate.
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RBI nationalized in: Ans: January 1, 1949
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RBI policy related to money laundering? Ans: Know Your Customer
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Regulator of Capital Market in India:Ans: SEBI
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Regulator of Micro, Small and Medium enterprises in India: Ans: SIDBI (Small
Industries Development Bank of India)
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RuPay Card is an Indian version of credit/debit card is launched by which organization:
Ans: NPCI (National Payments Corporation of India)
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Short term Money lending process is known as: Ans: Call Money
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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)
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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
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The Banks has converted all ‘no - frills' accounts’ into: Ans: Basic Savings Bank
Deposit Accounts
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The Central Bank of India has adopted new measure of inflation: Ans: Consumer Price
Index (CPI)
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The holidays for the banks are declared as per: Ans: Negotiable Instruments Act
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The maximum deposit amount insured by DICGC? Ans: Rs. 1 lakh per depositors across
all banks
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The most powerful tool used by the Reserve Bank of India to control inflation is to: Ans:
raise interest rates
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The MUtual funds in India follow accounting standards laid by: Ans: SEBI (Securities and Exchange Board of India)
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Know Your Customer (KYC) guidelines are issued under: Ans: Section 35A of the
Banking Regulation Act, 1949
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Loans of very small amounts given to low income groups is called: Ans: Micro Credit
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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)
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Minimum & Maximum Limit of NEFT: Ans: no limit
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Minimum amount for Certificate of Deposit has been fixed at: Ans: Rs. 1 Lakh
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Minimum capital requirement for Foreign banks that want to set up operations in India
is: Ans: Rs. 500 crore
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Minimum capital requirement for new banks in private sector is: Ans: Rs. 500 crore
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Minimum capital requirement for Non-Banking Financial Company (NBFC) is: Ans: Rs.
500 crore
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Minimum limit for medium scale enterprises is Rs. 5Cr. what is maximum limit? Ans:
10 Cr.
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Mobile banking fund transfer limit in a day: Ans: Rs. 50,000
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Mutual funds regulated by: Ans: SEBI (Securities and Exchange Board of India)
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Name the scheme to include every people under banking system: Ans: Financial
Inclusion
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NEFT and RTGS in banking terminology speak of: Ans: electronic fund transfer from
bank to bank
● Pension scheme for unorganized sector:Ans: Swavalamban
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The NBFCs are allowed to accept/renew public deposits for a minimum period of:Ans:
12 months ( and maximum period of 60 months)
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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)
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The ownership of public sector banks rests: Ans: jointly with the Government of India
and the shareholders from the public
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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
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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
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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
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What is ‘Demat Accounts’? Ans: Accounts in which shares of various companies are
traded in electronic form
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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
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What is Repo rate? Ans: It is the rate is the rate at which RBI lends money to the
commercial banks.
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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.
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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
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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.)
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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
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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

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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
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���� 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).