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 • 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 : 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%. • 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 • 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. • 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. 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. Paid•up 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 : 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 cheque duly 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) • 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. • 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 • 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 • 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 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 • 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 • 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 : 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 • 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 Tier•1 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 • 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 • 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 • 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,