Promotion Wiziq

8/4/2019 Promotion Wiziq

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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


18/26

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,