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LAST MOMENT PREPARATION
Gilt edged securities refers to :
Ans. Govt. Securities.
Increasing CRR by RBI leads to :Ans. Squeeze in liquidity.
Market Captialisation means-
Ans. Number of shares issued by a company multiplied by current market price of
the share.
Unqualified Report means :
Ans. an Audit Report contains no "Clauses".
"Dividend Stripping" means__
Ans. Purchase or Sale of shares by the individuals or company prior or subsequent
to declaration of dividends.
Higher Foreign Exchange Reserves are associated with the risk of :
Ans. Fluctuation in exchange rates.
Collateralised Borrowing and Lending Obligation (CBLO) is a:
Ans. Money Market Instrument. .
Overhead expenses for Banking Sector compared to Manufacturing Sector is :
Ans. Low.
Islamic Banking means :
Ans. banking according to the Principles of Shariat
G8 Countries consist mainly of:
Ans. Developed nations.
Which State took the initiatives for consolidation of Co-operative banks :
Ans. Maharashtra
Expand VAT :
Ans. Value Added Tax
Minimum period for which a Commercial Paper can be issued is :
Ans. 7 days
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Monetary Museum of India established by RBI is located at :
Ans. Mumbai
Yes Bank has been promoted by :
Ans. Mr. Rana Kapoor
The country which has banned sale of Tobacco is :
Ans. Bhutan
Expand SACP :
Ans. Special Agriculture Credit Plan .
Dr. Montek Singh Ahluwalia at present is :
Ans. Deputy Chairman of the Planning Commission
Expand OSU :
Ans. Off Shore Unit
Maximum Forex permissible to a Resident Indian going abroad as tourist :
Ans. US $ 10,000 per financial year.
Banks are required to preserve records as per provisions of :
Ans. Sec 45Y, Banking Regulations Act
KYC norms were implemented to :
Ans. Prevent Money Laundering.
A unique example of Co-op bank converting to a private commercial bank :
Ans. Development Credit Bank
Licence for starting a new Commercial bank is given by :
Ans. RBI
RBI rediscounts bills of the banks at :
Ans. Bank Rate
Which charge does not require registration in case of limited companies :Ans. Pledge
Irrevocable LC denotes that :
Ans. Terms and condition of LC cannot be changed without
consent of beneficiary.
Worla Elders days IS on :
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Ans. 1st October.
Chairperson of Committee on Corporate Governance in Banks :
Ans. A.S. Ganguly
Committee associated with funding of Tea industry :Ans. Madhukar Committee.
Which committee is associated with Rural Credit System :
Ans. V S Vyas Committee
Montreal Protocol relates to :
Ans. Protection of Ozone Layer
Import Licence are issued for :
Ans. CIF value
The cases referred to Lok Adalats formed by DRT is for :
Ans. above Rs. 20 lac.
NK Singh Committee is associated :
Ans. Foreign direct investment (FDI)
NIXI :
Ans. Telecom Regulatory Authority of India (TRAI) has recommended the
establishment of Internet exchanges :
Ans. Nationallntemet Exchange of India
According Multi Commodity Exchange, _ is the largest Potential Market in the
Futures Trading of Carbon Credits in India :
Ans. Gujarat
__ has become the First Public Sector Bank to raise Equity Capital through
Qualified Institutional Placement (QIP) :
Ans. Bank of India
According to the Global Information Technology Report 2007-08, __ is the Most
Networked Economy in the World :Ans. Denmark
Supreme Court upheld the Law enacted by the Union Government providing _
quota for other backward classes in Central educational institution such as IIT/ IIM
from Academic year 2008-09 :
Ans. 27%.
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Postal Index Number (PIN) will be changed from :
Ans. 6 to 8 digits, to ensure speedier delivery of post.
____ is ranked as the World's Most Powerful Brand for the second straight year :
Ans. Google
The US has placed India and 8 other countries on its 'Priority Watch List' for this
year for falling to protect __ :
Ans. The Copyrights, Patents and Trade Marks of American Producers from Piracy .
In a bid to enhance the insurance cover for exporters, the Govt. has decided to
pump in Rs. 100 Crore in _ by way of increasing its Equity :
Ans. ECGC.
Per Capita Income of Indian is estimated at _ at current prices for 2007-08 as
against Rs 16,668 In 2000-01 :
Ans. Rs. 33,299.
_ has the Largest Petroleum Reserves (almost 1I4th of the World's proven total
petroleum reserves) in the World :
Ans. Saudi Arabia.
China is getting the better of India in Carbon Credits Trading. While the biggest
projects in China produces an estimated 11 million Certified Emission Reduction a
year, Biggest Prolect in India produces only _ :
Ans. 4 million a year.
Loss making banks can make donations totaling Rs _ lakhs only in a financial
year :
Ans. Rs.5lac
Is Wheat a commercial crop :
Ans. No
Largest trading partner country of India :
Ans. USA
Maximum cotton yielding country :
Ans. India
Maximum coffee yield :
Ans. Brazil
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Raksha Kawach :
Ans. Railway Security
Dronacharya award relates to :
Ans. Award to Sports Coach
Which among the currencies is the costliest in term of Indian Rupee :
Ans. Pound Sterling
The revised definition of sick SSI unit has been given by :
Ans. Kohli Committee
Which unit of valuation is known as 'Paper Gold' :
Ans. SDR.
Emission standard given by :
Ans. Mashelkar Panel.
Currency of Greece :
Ans. Euro
Dialysis is related to :
Ans. Kidney patients
Cholesterol is related to :
Ans. Heart problems.
10th Dec. is observed as :
Ans. Human Rights Day.
Which RBI Committee is studying Lenders liability :
Ans. Dr. N. L. Mitra.
Which of the following is the computer language :
Ans. COBOL.
Which gas is emitted by motor vehicle :Ans. Carbon mono oxide.
Name of Special animal protection group :
Ans. PETA (People for Ethical Treatment of Animals).
Handloom' is considered as second largest economic activity after :
Ans. Agriculture in India.
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Documents under LC should be dealt with by the negotiating I issuing bank within
a time period of not exceeding _ banking days excluding the date of receipt of
documents :
Ans. 5 banking days
If the due date of CDs falls on a holiday it should be paid on :
Ans. preceding working day.
____ refers to purchase of book debts I receivables without recourse to the
sellers :
Ans. Factoring
Maximum housing loans which would be treated as priority sector advance is :
Ans. Rs. 20 lacs.
Green back currency refers to :
Ans. US$.
Public holidays are excluded for determining time for presentation or acceptance
for payment under :
Ans. Section 105 of Negotiable Instruments Act 1881.
Sec. 45Z of Banking Regulation Act 1949 deals with :
Ans. Return of paid instruments to account holders.
Can Bank exercise right of Set-off in respect of contingent liabilities :Ans. No
US $ rate is increased from Rs. 401- to Rs. 43/- It will benefit the :
Ans. Exporters and will lead to increase in exports.
Bearer demand draft cannot be issued as per under Section __ RBI Act :
Ans. Sec 31 of RBI Act
If a Sole Trustee dies, the Trust will be managed by :
Ans. Court appointed Trustee
Section 22 of the NI Act provides for a grace period 3 days to be added for
arriving at the due date for a :
Ans. Usance bill.
Equitable Mortgage was created by deposit of title deeds on 1.6.2008.
Subsequently Registered Mortgage was executed on 2.6.2008 on same property.
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Which Mortgage will have priority :
Ans. Equitable Mortgage
Mulberry loan is related to :
Ans. Sericulture.
Pre-paid expenses in the shape of insurance premium are classified in the
Balance Sheet as :
Ans. Current asset
The Borrowing of the Board of Directors of the Public Ltd Company should not
exceed :
Ans. Paidup capital and free reserves.
Working Capital assessment for SSI units sanctioned Working Capital limit upto Rs
5 crore is as per :
Ans. Nayak committee.
State-sponsored Corporation granted loan for on-lending to Weaker Section is
covered by the bank under :
Ans. Indirect advance to agriculture.
Hypothecation has been defined in :
Ans. Section 2 (n) of SARFAESI Act.
In a cheque drawn by the drawer, the name of payee is written in English and the
other parts, in vernacular language :Ans. The cheque will be paid if otherwise in order.
Guarantor stepping into the shoes of creditor on discharging the liability of the
principal borrower :
Ans. Right of Subrogation.
In Sec 148 of Indian Contract Act, Bailment refers to :
Ans. Delivery of goods from one person to another person for some purpose and
when the purpose will be over, goods will be returned or disposed-off as per the
direction of the deliverer, i.e. bailor.
Know Your Customer (KYC) guidelines :
Ans. Prevent banks from being used unwittingly used by criminal elements for
transfer of illegal funds/ money laundering activities.
Preferential payment to depositors in respect of winding up of a Banking
Company is provided :
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Ans. under section 43 A of Banking Regulation Act 1949.
If Operating Cycle is longer :
Ans. This implies that higher amount of working capital will be required.
Clayton's Rule applies to :Ans. appropriation of payments.
Vostro account means :
Ans. Foreign Bank's A/c with us.
RFC ale can be opened by :
Ans. home returned NRls.
Guarantees covering series of transactions :
Ans. Continuing Guarantees.
Buyer takes possesSion of goods and enjoys as Sole Owner of goods although
price of goods not fully paid :
Ans. Hire Purchase.
As per Sec. 26 NI Act, Minor may draw, endorse, deliver, Negotiable Instrument so
as to bind all parties except himself :
Ans. True.
Mr. A, a current A/c holder executed a power of attorney in favour of Mr. B to
operate Current Deposit A/c. Mr. A's death notice is served on the Banker. A chequeduly signed by Mr. B. is received for payment the Bank has to :
Ans. Dishonour the Cheque.
Contract of Insurance is an :
Ans. indemnity contract.
Bailment is in :
Ans. Indian Contract Act Sec. 148.
Cheque may be crossed by drawer, holder, banker :Ans. All (Sec. 125)
Mortgage by Deposit of title of deeds is :
Ans. Equitable Mortgage (Transfer of Property Act, Sec. 58F).
Mortgage is defined :
Ans. Transfer of Property Act Sec. 58(F)
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Minor can be appointed as an Agent :
Ans. Principal is responsibIe (Sec. 184 of Contract Act).
A/c Payee crossing is not recognised by an act :
Ans. Outcome of custom and usuage.
Cheque validfiy period has now statutory sanction as per :
Ans. Sec; 138 of NI Act
Writing name of bank on face of Cheque with or without two parallel lines
Ans. Special Crossing. .
A/C payee crossing is direction to :
Ans. Collecting banker.
Garnishee Order applies to :
Ans. Credit Balance in CC
Unclaimed Deposit 10 years and above :
Ans. RBI (Sec. 26 of Banking Regulation Act)
Material alteration :
Ans. Requires drawers authentication.
Possession & ownership with borrower :
Ans. Hypothecation
Safe Custody is covered under which act :
Ans. Indian Contract Act
Safe Deposit Locker relationship with banker is :
Ans. Lessor Lessee.
Debt Equity Ratio :
Ans. Type of Solvency Ratio
Break even paint means :
Ans. No profit no loss.
Target of agriculture finance :
Ans. 18% of ANBC or Credit balance of off Balance sheet items, whichever is
higher.
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Current ratio = Current Assets + Current Liabilities.
Under RTI Act, the person seeking information should have qualifying eligibility of
:
Ans. Indian Citizenship .
Minimum and maximum maturity period of a Commercial Paper :
Ans. 7 days and 1 year.
New name of the Ministry of NRI Affairs :
Ans. Ministry of Overseas Indian Affairs.
Most popular bench mark rate for Indian money market for one day call rates is :
Ans. MIBOR
What is the Cash Reserve Ratio that the Overseas Banking units have to maintain
while opening the branch in SEZs :
Ans. No requirement
The country that revalued its currency Yuan against the US dollar is :
Ans. China
What is the maximum amount for which the CGTMSE guarantee cover is
available :
Ans. Fund & Non Fund based Rs. 1 cr.
Who has formulated the 'Swaran Jayanti Gram Swarozgar Yojana :
Ans. Ministry of Rural Development
Which bank has started 'Abhay' credit counselling centres in association with
NGO :
Ans. Bank of India.
Concept of Priority Sector came in the year __ :
Ans. 1972
What is the minimum and maximum number of persons that can form JLG for
tenant farmers :
Ans. 4 to 10 .
What is the name of in-built device in a computer where data is stored :
Ans. Hard Disc
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What is the target of correspondence in Hindi from Region C to Region C :
Ans. 55% of total letter sent
What is Corporate Governance :
Ans. Management of an organisation to enhance value for all stakeholders .
Commission of Govt. business other than Pension :
Ans. 9 paisa per Rs. 100 turnover.
Expand HTML :
Ans. HyperText Marttup Language
Number of alphabets in a PAN Card :
Ans. Total 10, out of which 6 alphabets and 4 Numerals.
Oldest and largest foreign bank in India :
Ans. Standard Chartered Bank
What is Internet :
Ans. Network for Networks
Information Technology Act came in to effect from :
Ans. 1.6.2000
'Buy now Pay later' is related to :
Ans. Credit Card
Maximum dividend payout ratio for a bank is :
Ans. 40%
What enables computers to interact with other network through telephone lines :
Ans. Modem
Extent of Investment fluctuation reserve for banks Minimum 5% of securities
classified as held for :
Ans. Trading and Available for Sale.
Smallest part of computer memory is :
Ans. Bit .
A branch is considered as rural branch if it is located as a place with population
below :
Ans. 10,000. (RBI definition), however for PMEGP it is 20000
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Converting physical shares to electronic from is called :
Ans. Dematerialization
Official Language Committee Meeting :
Ans. Once in a quarter
Minimum age of minor for self operated account :
Ans. 10 years
Vyas committee recommendations relates to :
Ans. Agriculture credit
Committee which recommended about Universal Banking :
Ans. R.H. Khan
Nathu La Pass opened up for trade between China & India is in which State -,- :
Ans. Sikklm
The Uniform Custom & Practices for Documentary Credits (UCP 600) has _ as the
total number of Articles :
Ans. 39
Agency commission rat~ for governments business receipts is at the rate of_ per
transaction :
Ans. Rs. 45
Which sector has become the world's biggest source of employment :
Ans. Services
'Which States has become the first State in India to launch evening Courts :
Ans. Gujarat
The country which is known as 'Land of Co-operative' is :
Ans. Denmark
The time period of settlement in case of RTGS is : Ans. "Two Hour
Which state has got the maximum agricultural credit from the nationalized banks
:
Ans. Andhra Pradesh
As per the latest WTO report, the biggest importer country in the world during
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2005 is :
Ans. USA
Foreign Banks in India and Indian banks having presence outside India are to
comply with Basel II norms w.e.f. :
Ans. 31st March, 2008
In the total food grain output of India, what is the share of Kharif Crops :
Ans. 50%
The Grameen Bank Model of micro-finance institution was developed originally by
:
Ans. Bangladesh
Interest on Cash Reserve Ratio eligible balance is paid by RBI on __ basis :
Ans. No interest is paid
Banks are required to maintain minimum of __ of theirCRR requirement on a daily
basis :
Ans. 70%
Stamp duty payable on a Promissory Note is governed by :
Ans. Indian Stamps Act
Banks can raise up to __ of the total Tier-I capital in the form of perpetual dell :
Ans. 15%
The rate of commission paid by government for pension payment is :
Ans. . Rs. 60 per transaction
'Customer' has been defined in :
Ans. KYC Guidelines
What is the cut-off point for reforming fraud cases to CBI :
Ans. Rs. 1 crore
RTGS will minimize __ risk :
Ans. Settlement risk
What are the Indian Depository Receipts :
Ans. Financial Instruments that allow foreign companies to mobilize funds from
Indian markets
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Which act gives legal guarantee of 100 days employment in rural areas to 1
person in every household :
Ans. National Rural Employment Guarantee Act
Service tax has to be remitted to the Govt. A/c by :
Ans. 5th of the succeeding month
The risk of loss resulting from inadequate or failed intemal processes, people and
systems or from external events is :
Ans. Operational risk
Which committee had recommended formation of Banking Standards and Codes
Board to prescribe guidelines in the banking sector for improving customer
service :
Ans. S.S. Tarapore Committee
Which state stands first in promoting SHG movement :
Ans. Andhra Pradesh
ICRA, the rating company has become an associate of :
Ans. Moody's Investor Service
Under what provisions Lok Adalats are set up :
Ans. Legal Services Authority Act, 1987
What is MCA-21 :
Ans. It is the e-governance project of Ministry of Corporate affairs
The new name of UTI Bank is :
Ans. Axis Bank
BPO & KPO stand for :
Ans. Business Process Outsourcing & Knowledge Process Outsourcing
International Bank for Devl. & Reconstruction is also known as :
Ans. World Bank
WWW refers to :
Ans. World Wide Web
The book 'A View from the Outside- Why good Economics works for every one' is
written by :
Ans. P.Chidambaram
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Ministry of Labour has banned children less than 14 yrs from working as domestic
help :
Ans. With effect from 10th October 2006.
. ICRA,CRISIL,CARE,FITCH India are names of :
Ans. RBI approved rating agencies In India
A Common Goods & Services tax is expected to be implemented from :
Ans. April 2010
'Pure Banking, Nothing Else' is the signing off statement of _ :
Ans. State Bank of India
Finnacle, the popular Banking software is a product of :
Ans. INFOSYS
'Metropolitan' group includes all banked centres with population of and above :
Ans. 10,00,000
RBI has allowed NBFCs registered with RBI to issue co-branded credit cards with
banks, without risk sharing, with prior RBI approval, for an initial period of :
Ans. Two Years
Under population group of banked centres, 'Semi urban' group includes all
banked centres with population of 10,000 and above but less than :
Ans. 1,00,000
'Urban' group is that which has a population above 1,00,000 but below :
Ans. 10,00,000
Which sector has become the world's biggest source of employment :
Ans. Services
Which is the largest country in the world in terms of land area :
Ans. Russia
Which State has become the first State in India to launch evening courts :
Ans. Gujarat
The country which is known as 'Land of Co-operative' is :
Ans. Denmark
Right to Education to all children between the age of 6to 14 years is :
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Ans. A fundamental right
The time period of settlement in case of RTGS is :
Ans. Two Hour
Which state has got the maximum agricultural credit from the nationalized banks:
Ans. Andhra Pradesh
Which state is at the top in agricultural production in India :
Ans. Punjab
In the total food grain output of India, what is the share of Kharif Crops :
Ans. 50%
Who is the chairperson of the National Commission on Farmers Dr.
M.S.Swaminathan
What is India's share in world's total exports of milk dairy products :
Ans. 0.5%
A bank's aggregate Capital market exposure shall not exceed __ % of the net
worth of the bank on a solo and consolidated basis :
Ans. 40%
Service tax recovered by the Bank in a month has to be remitted to the Govt. A/c
by :Ans. 5th of the succeeding month
Two currencies which have been include by RBI in the basket of currencies to
which rupee is linked :
Ans. Yuan & Hong Kong dollar
What is the maximum limit permitted for investment by FDls in the equity capital
of ARCs :
Ans. 49%
ICRA, the rating company has become an associate of :
Ans. Moody's Investor Service
No passport need be presented to money changers for encashment of dollars up
to :
Ans. USD500
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Who is the industry leader in mortgage loan :
Ans. HDFC
What is the ceiling for issue of Innovative perpetual debt instrument by banks :
Ans. It should not exceed 15% of total Tier1 capital of the bank
Who is the Chairman of the Committee to recommend the frame work for fuller
Capital Account Convertibility :
Ans. S.S. Tarapore, former Deputy Governor,
RBI Interest subsidy on farm credit has to be claimed by banks :
Ans. on quarterly basis
Risk weight for investment in RIDF by banks to meet shortfall in agricultural
sector is :
Ans. 100% .
Which are the three pillars under Basel II norms :
Ans. (a) Regulatory requirement of capital, b) Supervisory review, c) Market
discipline
Banks have kept Investment Fluctuation Reserves to manage :
Ans. Interest rate risk
Indian bank that has been named in the top 500 list of Fortune Global 500
companies :Ans. State Bank of India
Opening of branches by Banks is covered under _ of the Banking Regulation
Act,1949 :
Ans. Section 23
Banks have to file with Income Tax Department returns on a __ basis in respect of
Interest paid to resident depositors not exceeding Rs. 10,000:
Ans. Quarterly
RBI's permission to open a bank branch is valid for _ from the date of the
consolidated authorization letter issued by it :
Ans. one year
Which of the following is related to 'Yellow Revolution' :
Ans. Oilseeds Production
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Annual growth rate of national income was recorded lowest during :
Ans. Third Plan
According to the Sarva Shiksha Abhiyan, India's every child would be able to go to
school by :
Ans. 2015
Banks prefer going. to Lok Adalat because :
Ans. No court fees,' no appeal and compromise decree.
NICL is abbreviation of :
Ans. National Insurance Company Ltd.
Who decides the quantum of agricultural finance :
Ans. District Technical Committee.
The term Insider Trading refers to :
Ans. Sale and Purchase of shares based on classified information available to those
connected with company.
What is meant by Pari-Passu charge :
Ans. Pro-rata in the ratio of outstanding within the consortium approved limits.
Which financial institutions converted into a Bank on 01.10.04 :
Ans. lDBI Ltd.
Fire wall is used for :Ans. Hardware/software to protect the IT system/website from unauthorized access.
The foreign bank which has its own currency chest in India :
Ans. Standard Chartered
What is Internet :
Ans. Network of Networks
Expand INFINET :
Ans. Indian financial Network
Deferred payment guarantee is a :
Ans. financial guarantee
Net Block means :
Ans. Fixed Assets minus depreciation
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The declared objective of the 11 th Plan is :
Ans. Faster and More InclusiveGrowth
Committee on Financial Inclusion for RRBs __ :
Ans. Dr. C Rangarajan.
SARFAESI Act has been extended to loans advanced by :
Ans. RRBs.
RRBs to accept :
Ans. NRE / FCNR deposits.
National Housing Bank (NHB) to launch _ for senior citizens :
Ans. Reverse mortgage
___ , to be the sole identification no. for all participants in the securities market
with an alpha-numeric prefix or suffix to distinguish a particular kind of account :
Ans. PAN.
Limit of per investor per year with respect to Capital Gains bonds issued by NHAI
and REC under section 54EC to continue :
Ans. Rs.50 lakh
Risk weight on loans up to Rs.1 lakh against gold and silver ornaments for all
categories of banks reduced to :
Ans. 50%
Risk weight on residential housing loans to individuals for loans up to Rs.30 lakh
has been reduced to % :
Ans. 50%
The requirement of 'no due' certificate to be dispensed with for small loans up to
Rs. __ to Small and Marginal Farmers, share-croppers and the like and instead,
obtain self-declaration from the borrower :
Ans. 1,00,000.
RRBs can now take up Corporate agency business for distribution of insurance
products, including health and animal insurance on basis :
Ans. Without risk participation.
Under SARFAESI. secured creditor, before taking possession of the charged
assets, should give notice of _ days to the borrower or his authorized agent :
Ans. 60
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For getting finance under SJSRY scheme, the max. project cost for Individuals :
Ans. 50000
A company is inviting application for fixed deposits from general public. The FDRsso made by it will be classified under :
Ans. Liabilities
A bill becoming due for payment within __ shall be treated under current
liability :
Ans. 12 months.
Exposure norms for different industries/indivlduals/ groups fixed by the Banks/RBI
are part of :
Ans. Risk Management
. Pre-operative expenses are included in :
Ans. Intangible assets
Pre-paid expenses-are classified as :
Ans. Current assets
Assets = Liabilities are as per :
Ans. Dual aspect concept
Normally, Foreign Traveler cheque 'buying rate is better than Foreign currencyrates because of :
Ans. Holding cost
A bill of USD one lac under Letter of Credit is due for payment after one month.
There is appreciation is rupee. The importer will :
Ans. Gain
Dividend distribution tax is being paid by :
Ans. Company
CBS refers to :
Ans. Centralized Banking Solution
RBI has now dispensed with restrictive provisions of service area approach except
for :
Ans. Loans under Govt Sponsored Programmes
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In deceased deposit accounts, where nomination has been exercised, banks to
inform nominee within. _ months in case of deposit accounts 'and Within months in
case of locker accounts :
Ans. 6 : 3
Debtors velocity ratio of a company is very low, it does indicates :Ans. Debtors collection management of the company is good
At what rate, RBI provides advance to Banks against the Govt securities :
Ans. Repo Rate
Best explain the term "CBLO' :
Ans. It is type of money market instrument, which is used to borrow and lend funds
against securities
Bill for collection appears in the balance sheet on :
Ans. Liability side
The purpose of Star Series Numbered Notes is the :
Ans. To be issued to general public
Increases in CRR causes :
Ans. Decreases the lendable resources of the banks
A borrower has been sanctioned working Capital limit of Rs. 3 lacs at margin of
25%. The amount of stock required to avail the sanctioned limit fully :
Ans. 4.00 lacs
The difference between Term loan and Deferred payment guarantee is the :
Ans. Outlay of funds
Main advantage of Cheque Truncation is the :
Ans. It decreases the cost of handling of large paper volume of small vote cheques
The basic Principal of WC management is :
Ans. Profitability goes with liquidity
A company sells off part of its assets and make a separate company i.e., unlock
its value. After selling off its assets it continues business with the remaining assets.
This is called :
Ans. Spin off
Corporate Governance comprises of :
Ans. Board of directors, Company officials & shareholders
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The Ratio is most affected by decrease in current liabilities :
Ans. Current Ratio
The %age of risk weight on cash balances with RBI is :
Ans. 0%.
The %age of risk weight on Central Govt. Guaranteed advances is the :
Ans. 0%
As per RBI Act, the floor limit is __ and ceiling limit of CRR is____ :
Ans. Nil and 20%.
The minimum Floor limit and maximum ceiling limit for SLR is :
Ans. Nil and 40%
CRR is tnaintained as a %age of __ and SLR maintained as a %age. of __ :
Ans. NDTL : DTL .
Up to how much period, pre-shipment credit card extended without the prior
approval of RBI :
Ans. 360 days
In Red Clause Letter of credit importer has given which type of banking facility for
the benefit of the exporter :
Ans. Finance for purchase of raw material
In respect of letter of credit business, the term "deferred credit' is used for :
Ans. a type of supplier's credit .
complainant is not satisfied with the reply given, within a period of_ from the date
of cause of action arise :
Ans. One year
TDS will be deducted if amount of rent exceeds Rs. __ p.a. to single payee :
Ans. 1.20 lacs
Tax deducted for deposit accounts should be deposited within :
Ans. 7 days of the following month.
A cheque has been issued by Director of the Company is received after the death
of the director. Whether cheque will be paid :
Ans. Yes, since cheque has been issued in the representative capacity
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Note printing by RBI results in :
Ans. Inflation generally
USD is depreciating as compared to world currencies because of :
Ans. Current account deficit
Which bank has launched EMI Card :
Ans. ICICI Bank.
Maturity proceeds of FCNR (B) deposits can be remitted :
Ans. To the depositors and to third parties outside India at the request of the
depositors
Which is a derivative instrument in the financial market :
Ans. Credit default swap
Multicity cheque is payable at all ___ branches :
Ans. Core banking
In the case of a white label credit card the brand of the issuer is :
Ans. Not mentioned
Which one of the following is true in respect of issue of duplicate CDs :
Ans. It can be issued only in physical form
Process of inviting subscriptions to a public issue is through a tendering process
which is known as :Ans. Book building
Bank's direct investment in shares, convertible bonds, debentures, units of equity
oriented mutual funds and all exposures to venture capital should not exceed___ %
of its net worth :
Ans. 20
__ ATM eliminates the need for PIN entry and authenticated customer
transactions by thumb impressions :
Ans. Biometric
Provisions made by a bank in excess of the regulatory provisions is known as__
provisions :
Ans. Floating
Innovative perpetual debt instruments are issued only with __ options :
Ans. Call
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A company incorporated outside India can issue :
Ans. IDR
Who has formed the Rural Credit Bureau :
Ans. ICICI, CIBIL, NABARD
Which one of the following is not the strength of SHG :
Ans. Super profit orientation
Which is the widely accepted in the Money Market Operations :
Ans. Treasury Bills
Maximum limit under General Credit Card is Rs._ 100% of the oulstandings are
treated as __ agricultural advance :
Ans. Rs. 25,000 ; Indirect
Date of expiry is not mentioned in the LC. Documents are presented for
negotiation. In this case :
Ans. Cannot be negotiated as the LC is not valid.
As per recent RBI guidelines Branch level Customer Committee should also
include
___ as member :
Ans. A customer who should be senior citizen.
Working group on procedure and processing of Agricultural loans is headed by_ :
Ans. C.P. Swarankar
As per RBI directives, the complaints relating to cash not dispensed at ATMs
although deposit account is debited etc. should be disposed of within a period of
___ :
Ans. 3 days.
Which state is at the top of a list of best e-governed 20 states :
Ans. Goa
Surrender value in the context of Life insurance policy means :
Ans. Minimum value that is given by an insurance company in the case of
foreclosure of the policy
Star series notes means those notes which are placed in replacement of defective
notes issued in the denomination of :
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Ans. Rs10, Rs 20, Rs 50
When RBI sells the securities to banks and gets cash from banks under LAF, RBI
pays interest to banks at :
Ans. Reverse Repo Rate
Decision given by the Ombudsman has to be implemented by the bank within :
Ans. 1 month from the date of receipt of acceptance from complainant
In the context of collection of cheques, conversion means :
Ans. Crediting the amount of the cheque to the account of a person who is not
entitled to it.
As per Section 19(2) of the Banking Regulation Act, a banking company shall not
hold shares in a company, either as pledge or as owner of an amount exceeding _ of
the paid up capital of the company or _of its own paid up capital and reserves
whichever is less.
Ans. 30%, 30%
______ is part of the larger emission trading which is a method worked out to
control pollution by using economic incentives :
Ans. Carbon Trading
According to Transparency International (TI) corruption index, India has ranked :
Ans. 72
has agreed to declare all its nuclear programmes and disable its main atomic
reactor by the end of the year under US supervision :
Ans. N. Korea
For bank the main advantage of referring the matter to Lok Adalats is :
Ans. It is based on mutual consent hence decision and its execution is fast.
For which of the following Industries Cash budget system for assessment of MPBF
has recently been adopted by the bank :
Ans. Service, Software, Sugar, Tea.
Probate is a document issue by Court of law and is the' nature of :
Ans. An official confirmation of the will of the deceased.
Currency & Finance is a report being published by :
Ans. RBI
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Twin sisters of Bretton Woods :
Ans. World Bank and IMF.
Which,type of Letter of Credits, pre-shipment credit is offered :
Ans. Red-clause letter of credit
Explain the term 'Islamic Banking' :
Ans. Banking without the factor like" Interest on money deposited or lent"
In Ombudsman Scheme, Customer Service Committee Report is to be submitted
on __ basis :
Ans. Quarterly
The risk associated with higher foreign exchange reserves is :
Ans. Exchange rate movement risk
What is the maximum discount that a company can offer to retail investors for
their public issues? :
Ans. 10%
Which country has chosen the face of its motherhood as the first woman to be
featured in its banknotes? :
Ans. South Korea
India ranks as _ in the list of largest carbon emitters :
Ans. Fourth
Who is the head of internal working gap set up by RBI to examine the
recommendations of the Radhakrishna Export on Agricultural indebtedness? :
Ans. Mr V.S. Das,
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