- After completion of 15 years, Public Provident Fund (PPF) can be extended up to how many years?
Answers: 5 years
- Short term Money lending process is known as:
Answers: Call Money
- Treasury bill tenure:
Answers: 91 days, 182 days, 364 days
- Minimum limit for medium scale enterprises is Rs. 5 Cr. what is maximum limit?
Answers: 10 Cr.
- Prime Lending Rate is replaced by:
Answers: Base rate
- Banks cannot grant Loan below which rate:
Answers: Base Rate
- If RBI reduces CRR, what happens:
Answers: Credit Supply increases, loans get cheaper.
- Name the scheme to include every people under banking system:
Answers: Financial Inclusion
- Special Drawing Right (SDR) is a monetary unit of:
- Cheque which is not crossed is called:
Answers: Open cheque
- Teaser rates are related to which type of loans:
Answers: Home loans
- What is Teaser loan?
Answers: If a bank offers a slightly lower rate in the initial years and higher rate in later years, it is called a teaser loan.
- The RBI policy rate which is purely an indicative rate used by RBI to signal long – term outlook on interest rates is:
Answers: Bank rate
- The term ‘pre – shipment’ finance relates to:
Answers: export credit
- A receipt listed in India and traded in rupees declaring ownership of shares of a foreign company:
Answers: Indian Depository Receipt (IDR)
- With effect from July 2012, for calculating of lending rates, the RBI has advised banks to switch over to the:
Answers: Base Rate systems
- Mobile banking fund transfer limit in a day:
Answers: Rs. 50,000
- The seed capital of Bhartiya Mahila Bank is:
Answers: Rs.1000 crore
- “Lender of the Last Resort” by Banks is known as:
- “Fixed deposit” is also referred to as:
Answers: Term Deposit
- The holidays for the banks are declared as per:
Answers: Negotiable Instruments Act
- In banking business, when the borrowers avail a term Loan, initially they are given a repayment holiday and this is referred as:
- Regulator of Micro, Small and Medium enterprises in India:
Answers: SIDBI (Small Industries Development Bank of India)
- A worldwide financial messaging network which exchanges between banks and financial institutions is known as:
Answers: Structured Financial Messaging System (SFMS).
- The term “Smart Money” refers to:
Answers: Credits Card
- The maximum deposit amount insured by DICGC?
Answers: Rs. 1 lakh per depositors across all banks
- With reference to a cheque which is the ‘drawee bank’?
Answers: The bank upon which the cheque is drawn
- 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?
- Bad advances of a Bank are called:
Answers: Non – performing Asset
- By increasing repo rate, the economy may observe the following effects:
Answers: rate of interest on loans and advances will be costlier
- Increased interest rates, as is existing in the economy at present will:
Answers: mean higher cost of raw materials
- The sole authority to issue and manage currency in India:
- In India, one- rupee coins are issued by:
Answers: Govt. of India
- Fixed deposits and recurring deposits are:
Answers: repayable after an agreed period
- When a bank returns a cheque unpaid, it is called:
Answers: dishonour of the cheque
- What is ‘Demat Accounts’?
Answers: Accounts in which shares of various companies are traded in electronic form
- When the rate of inflation increases:
Answers: purchasing power of money decreases
- Banks in India are regulated under:
Answers: Banking Regulation Act, 1949
- Banking sector falls under which of the following sectors?
Answers: Service Sector
- ASBA scheme is related to the purchase of:
- In a bank, which of the following are the usual types of accounts?
Answers: Current accounts, Savings bank accounts and Term deposit accounts
- The most powerful tool used by the Reserve Bank of India to control inflation is to:
Answers: raise interest rates
- NEFT and RTGS in banking terminology speak of:
Answers: electronic fund transfer from bank to bank
- The ownership of public sector banks rests:
Answers: jointly with the Government of India and the shareholders from the public
- If a cheque is postdated, the bank on which it is drawn:
Answers: will not honour the cheque before the date of the cheque
- Regulator of Capital Market in India:
- First Indian Bank to introduce credit card:
Answers: Central Bank of India
- RBI nationalized in:
- Loans of very small amounts given to low income groups is called:
Answers: Micro Credit
- RBI established in: