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Banking GK Digest

1. What is the minimum time period of Fixed Deposit (FD) Account
Ans: 7 days

2. Minimum amount required to open a Fixed Deposit (FD)?
Ans: Rs.1000

3. __ account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance.
Ans: 'No Frills '

4. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme for:
Ans: Financial inclusion

5. Limit of overdraft facility under Pradhan Mantri Jan Dhan Yojana scheme?
Ans: Rs. 5,000

6. In CBS, C stands for:
Ans: Core
CBS: Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.

7. In CRAR, A stands for:
Ans: Assets (Capital to Risk Weighted Assets Ratio)
CRAR is a standard metric to measure balance sheet strength of banks.

8. 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)

9. __ is a monetary policy to which allows banks to borrow money through repurchase agreements?
Ans: Liquidity adjustment facility (LAF)

10. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called ?
Ans: mutilated cheque

11. How much fee charged to file a complaint under
Banking Ombudsman?
Ans: Zero

12. Who is the appellate authority in Banking
Ombusdsman?
Ans Deputy Governor of RBI

13. 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

14. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called ?
Ans: White Label ATMs.

15. Where is the headquarters Infrastructure Development Finance Company
Ans: Chennai

16. Minimum capital requirement for new banks in private sector is:
Ans: Rs. 500 crore

17. A Non-Banking Financial Company (NBFC) is a company registered under the:
Ans: Companies Act, 1956

18. Minimum capital requirement for Non-Banking Financial Company (NBFC) is ?
Ans: Rs. 500 crore

19. The NBFCs are allowed to accept/renew public deposits for a minimum period of ... ?
Ans: 12 months (and maximum period of 60 months)

20. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?
Ans: 12.5 per cent per annum

21. Minimum capital requirement for Foreign banks that want to set up operations in India is:
Ans: Rs. 500 crore

22. What is the minimum paid-up capital requirement of both small banks and payments banks in India?
Ans: Rs. 100 crore

23. RBI extended the timeline for full implementation of Basel III norms till:
Ans: 31 March 2019

24. 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

25. _______ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Ans: Marginal Standing Facility (MSF)

26. Who issues Treasury bills (T-bills) in India?
Ans: Government of India

27. Treasury bills are available for a minimum amount of:
Ans: Rs. 25,000

28. Minimum & Maximum Limit of NEFT:
Ans: no limit

29. Full form of CASA ?
Ans: Current Account Saving Account

30. Full for of CST?
Ans: Central sales tax

31. RBI extends deadline for exchanging pre-2005 currency from December 31, 2015 to
Ans: 30 June 2016

32. How much amount RBI allows in 'Tap and pay' transactions without PIN?
Ans: Rs. 2000

33. RBI lifted a ban on carrying Indian bank notes of Rs 1,000 and Rs. 500 denominations to and from:
Ans: Nepal and Bhutan

34. C meaning in KYC:
Ans: Customer

35. Pension scheme for unorganized sector?
Ans: Swavalamban

36. Full form of REIT:
Ans: Real State Investment Trust

37. Forward Market Commission merge with:
Ans: SEBI

38. Purpose of starting Minor account for 10 years children:
Ans: Financial inclusion

39. Full form of CVV:
Ans: Card Verification Value

40. Bank of International Settlement headquarter:
Ans: Switzerland

41. Who appoints Banking Ombudsman officer?
Ans: RBI

42. IFRS full form:
Ans: International Financial Reporting Standards

43. Corporate Social Responsibility committee headed is by
Ans: Anil Baijal

94. Name the Regulatory body for RRBs?
Ans: NABARD

45. Name RBI policy related to money laundering?
Ans: Know Your Customer

46. Mutual funds regulated by:
Ans: SEBI (Securities and Exchange Board of India)

47. What is the full form of MTSS?
Ans: Money Transfer Service scheme.

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. But only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible.

48. How much amount of money can RBI lend to a bank?
Ans: 2% of NDTL - Net Demand and Time Liabilities

49. What RBI does to Increase its Monetary Base?
Ans: Open Market Operations

50. Which rate does RBI Reduces to Increase liquidity in market?
Ans: Repo Rate

क्लर्क के लिए जीके डाइजेस्ट 50 Shortnotes

1. What is the minimum time period of Fixed Deposit (FD) Account
Ans: 7 days

2. Minimum amount required to open a Fixed Deposit (FD)?
Ans: Rs.1000

3. __ account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance.
Ans: 'No Frills '

4. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme for:
Ans: Financial inclusion

5. Limit of overdraft facility under Pradhan Mantri Jan Dhan Yojana scheme?
Ans: Rs. 5,000

6. In CBS, C stands for:
Ans: Core
CBS: Core Banking Solution (CBS) is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on CBS network, regardless of where he maintains his account.

7. In CRAR, A stands for:
Ans: Assets (Capital to Risk Weighted Assets Ratio)
CRAR is a standard metric to measure balance sheet strength of banks.

8. 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)

9. __ is a monetary policy to which allows banks to borrow money through repurchase agreements?
Ans: Liquidity adjustment facility (LAF)

10. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called ?
Ans: mutilated cheque

11. How much fee charged to file a complaint under
Banking Ombudsman?
Ans: Zero

12. Who is the appellate authority in Banking
Ombusdsman?
Ans Deputy Governor of RBI

13. 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

14. ATMs or Cash Dispensing machine which are owned and operated by Non-Banking Financial Companies are called ?
Ans: White Label ATMs.

15. Where is the headquarters Infrastructure Development Finance Company
Ans: Chennai

16. Minimum capital requirement for new banks in private sector is:
Ans: Rs. 500 crore

17. A Non-Banking Financial Company (NBFC) is a company registered under the:
Ans: Companies Act, 1956

18. Minimum capital requirement for Non-Banking Financial Company (NBFC) is ?
Ans: Rs. 500 crore

19. The NBFCs are allowed to accept/renew public deposits for a minimum period of ... ?
Ans: 12 months (and maximum period of 60 months)

20. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?
Ans: 12.5 per cent per annum

21. Minimum capital requirement for Foreign banks that want to set up operations in India is:
Ans: Rs. 500 crore

22. What is the minimum paid-up capital requirement of both small banks and payments banks in India?
Ans: Rs. 100 crore

23. RBI extended the timeline for full implementation of Basel III norms till:
Ans: 31 March 2019

24. 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

25. _______ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.
Ans: Marginal Standing Facility (MSF)

26. Who issues Treasury bills (T-bills) in India?
Ans: Government of India

27. Treasury bills are available for a minimum amount of:
Ans: Rs. 25,000

28. Minimum & Maximum Limit of NEFT:
Ans: no limit

29. Full form of CASA ?
Ans: Current Account Saving Account

30. Full for of CST?
Ans: Central sales tax

31. RBI extends deadline for exchanging pre-2005 currency from December 31, 2015 to
Ans: 30 June 2016

32. How much amount RBI allows in 'Tap and pay' transactions without PIN?
Ans: Rs. 2000

33. RBI lifted a ban on carrying Indian bank notes of Rs 1,000 and Rs. 500 denominations to and from:
Ans: Nepal and Bhutan

34. C meaning in KYC:
Ans: Customer

35. Pension scheme for unorganized sector?
Ans: Swavalamban

36. Full form of REIT:
Ans: Real State Investment Trust

37. Forward Market Commission merge with:
Ans: SEBI

38. Purpose of starting Minor account for 10 years children:
Ans: Financial inclusion

39. Full form of CVV:
Ans: Card Verification Value

40. Bank of International Settlement headquarter:
Ans: Switzerland

41. Who appoints Banking Ombudsman officer?
Ans: RBI

42. IFRS full form:
Ans: International Financial Reporting Standards

43. Corporate Social Responsibility committee headed is by
Ans: Anil Baijal

94. Name the Regulatory body for RRBs?
Ans: NABARD

45. Name RBI policy related to money laundering?
Ans: Know Your Customer

46. Mutual funds regulated by:
Ans: SEBI (Securities and Exchange Board of India)

47. What is the full form of MTSS?
Ans: Money Transfer Service scheme.

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. But only inward personal remittances into India such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible.

48. How much amount of money can RBI lend to a bank?
Ans: 2% of NDTL - Net Demand and Time Liabilities

49. What RBI does to Increase its Monetary Base?
Ans: Open Market Operations

50. Which rate does RBI Reduces to Increase liquidity in market?
Ans: Repo Rate

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