Banking & Financial Awareness
1. Current account becomes dormant when there are no withdrawals for the last ____________?
Ans : 24 months
2. One rupee notes bear the signature of ___________?
Ans : Secretary, Ministry of Finance (Government of India)
3. A PPF account holder can deposit a maximum of ?
Ans : 1.5 Lakh
4. What do we mean by "ECB" in financial terms ?
Ans : External Commercial Borrowings
5. "Currency Swap" is an instrument to manage _________?
Ans : Cash Flows in different currencies
6. Penalty for delaying solving the problem of ATM after 7 days ?
Ans : Rs 100 DAILY
7. Which Payment Bank is the first to start it's business ?
Ans : Airtel M-Commerce
8.Interest on the savings bank accounts is compounded ________?
Ans : Daily
9. UPI is launched by ?
Ans : NPCI
10. Electronic Fund Transfer scheme of RBI has been renamed as:
Ans : National Electronic Fund Transfer
11. Which one of the following rates is not decided by RBI ?
Ans : Base Rate
12. Which of the following bank is generally not considered as Commercial bank ?
Ans : Development Bank
13. Which bank first introduced Automated Teller Machine (ATM) in India (1987) ?
Ans : HSBC
14. Which of the following organisation maintains CRR ?
Ans : RBI
15. Which of the following is not the part of prudential guidelines issued by Reserve Bank of India ?
Ans : Lon recovery rules
16. Which of the following organizations issues guidelines related to 'Participatory Notes as used in Financial World ?
Ans : SEBI
17. In which type of accounts bank generally don't pay interest ?
Ans : Current Account
18. As per the new guidelines issued by RBI, the minimum required capital to set up a bank by corporate is set at ___________ .
Ans : 500 crore
19. Which of the following acts as the Regulators for the Credit Rating Agencies in India ?
Ans : SEBI
20. One of the major challenges faced by the Banking Industry is Money Laundering. Name the Act/Norms launched by the banks to curb Money Laundering, in general ?
Ans : Know your customer norms
21. A cheque becomes stale after _____ ?
Ans : 3 months
22. Foreign exchange Reserves of India are kept in the custody of __________ ?
Ans : Reserve Bank of India
23. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purpose ?
Ans : Kisan Credit Card
24. RBI was nationalized on -
Ans : 1 January 1949
25. Which Payment system settles transactions on hourly basis ?
Ans : NEFT
Ans : 24 months
2. One rupee notes bear the signature of ___________?
Ans : Secretary, Ministry of Finance (Government of India)
3. A PPF account holder can deposit a maximum of ?
Ans : 1.5 Lakh
4. What do we mean by "ECB" in financial terms ?
Ans : External Commercial Borrowings
5. "Currency Swap" is an instrument to manage _________?
Ans : Cash Flows in different currencies
6. Penalty for delaying solving the problem of ATM after 7 days ?
Ans : Rs 100 DAILY
7. Which Payment Bank is the first to start it's business ?
Ans : Airtel M-Commerce
8.Interest on the savings bank accounts is compounded ________?
Ans : Daily
9. UPI is launched by ?
Ans : NPCI
10. Electronic Fund Transfer scheme of RBI has been renamed as:
Ans : National Electronic Fund Transfer
11. Which one of the following rates is not decided by RBI ?
Ans : Base Rate
12. Which of the following bank is generally not considered as Commercial bank ?
Ans : Development Bank
13. Which bank first introduced Automated Teller Machine (ATM) in India (1987) ?
Ans : HSBC
14. Which of the following organisation maintains CRR ?
Ans : RBI
15. Which of the following is not the part of prudential guidelines issued by Reserve Bank of India ?
Ans : Lon recovery rules
16. Which of the following organizations issues guidelines related to 'Participatory Notes as used in Financial World ?
Ans : SEBI
17. In which type of accounts bank generally don't pay interest ?
Ans : Current Account
18. As per the new guidelines issued by RBI, the minimum required capital to set up a bank by corporate is set at ___________ .
Ans : 500 crore
19. Which of the following acts as the Regulators for the Credit Rating Agencies in India ?
Ans : SEBI
20. One of the major challenges faced by the Banking Industry is Money Laundering. Name the Act/Norms launched by the banks to curb Money Laundering, in general ?
Ans : Know your customer norms
21. A cheque becomes stale after _____ ?
Ans : 3 months
22. Foreign exchange Reserves of India are kept in the custody of __________ ?
Ans : Reserve Bank of India
23. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purpose ?
Ans : Kisan Credit Card
24. RBI was nationalized on -
Ans : 1 January 1949
25. Which Payment system settles transactions on hourly basis ?
Ans : NEFT
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