• 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
• 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 FDRs so 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 currency rates 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
• 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
• 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
• 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
• 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 :
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
• 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,
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
• 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 FDRs so 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 currency rates 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
• 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
• 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
• 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
• 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 :
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
• 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,
final preparation
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Reviewed by pavan nadagundla
on
May 28, 2012
Rating: