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 theeconomic 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 SLRaffect 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,