1/13/2018 Gmail - 100 One Liners on Banking Awareness

anish singh <singh.anish10@gmail.com>

100 One Liners on Banking Awareness

Manish Kumar Singh <manish991ms@gmail.com> Sat, Jan 13, 2018 at 12:28 AM
To: nehakhandelwal438 <nehakhandelwal438@gmail.com>, kumaririshu1994 <kumaririshu1994@gmail.com>, anish
singh <singh.anish10@gmail.com>

⏩⏩ 100 One Liners on Banking Awareness ⏪⏪

1. __ is a temporary pass through account held by a third party during the
process of a transaction between two parties--- Escrow Account
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2. ‘Ways and Means’ advances refers to ----- The temporary advance made to
the government by its Bankers to bridge the interval between expenditure and
the flow of receipt of revenues.
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3. “Micro Credit” means ------ Loan of very small amount
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4. 6 more private banks were nationalized on ---1980(deposits over 200
crores).
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5. A account is mainted by an indian bank in the foreign countries----Nostro
account
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6. A cheque becomes stale after ---- 3 months
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7. A customer can link how many account to the same mobile number----more
than one.
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8. A loan offered to an individual who does not qualify for a loan at the prime
rate due to their credit history---- Sub prime lending
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9. A NBFC is a company registerd under ---- Companies act,1956
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10. A NBFC prohibited---- accepted demand deposits
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11. A Non-Banking Financial Company (NBFC) is a company registered under
the----Companies Act, 1956
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12. A rise in the reserve ratio of banks ---- Will lead to a decrease in the money
supply
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13. An instrument in the form of Depository Receipt created by an Indian

Depository against underlying equity shares of the issuing company----- IDR
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14. ASBA(Applications Supported by Blocked Amount) is associated with---IPO
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15. ATMs set up, owned and operated by non-banks are called----White Label
ATMs
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16. Banking Ombudsman Scheme is applicable to the business of--- All
scheduled commercial banks including RRBs.
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17. Banking Ombudsmen is appointed by RBI under---Banking Regulation act
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18. Banks are required to maintain SLR under ----- Section 24 of the Banking
Regulation Act.
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19. Call money is related to ------ Money market.
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20. Can NBFC accept demand deposits---- No
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21. Certificate of Deposits can be issued for a maximum period of---365
days(minimum 7 days)
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22. Certificates of Deposits have a minimum value of _---- 1 lakh.
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23. CIBIL score range ----- 300 - 900.
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24. Commercial Paper (CP) introduce in------ 1990
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25. Concept of tobin tax is associated with---Foreign exchange transctions
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26. CRAR----- Capital to Risk (Weighted) Assets Ratio
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27. Currency which is hyper sensitive and fluctuates frequently.----Soft
currency(weak currency).
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28. Current account becomes dormant when there are no withdrawals for the
last--- 2 years
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29. Customers using the UPI system only share ---vIRTUAL ADDRESS.

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30. Educational for All Development Index is released by ---- UNO
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31. Expand FSDC----- Financial Stability and Development Council
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32. FCNR accounts can be opened and maintained as------ Term Deposit
Accounts
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33. Foreign Currency which has a tendency of quick migration is called-Hot
Currency.
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34. Foreign exchange Reserves of India are kept in the custody of ------RBI.
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35. Fully KYC complaint account holders may be allowed to withdraw of PMJDY
For month--10000
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36. How many codes are there in SWIFT code----8 or 11(4—bank code,2-
country code,2-location code,3— branch code)
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37. How many digits are there in Mobile Money Identifier(MMID)----7
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38. How much percentage of the net credits of Commercial Banks should be in
priority sector lending--------40%
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39. How much percentage of the net credits of Small Finance Banks should be
in priority sector lending ------ 75%
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40. How User will know whether his/her AADHAAR number is seeded/linked to
any bank account number or not-----dial *99*99# on mobile
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41. In India, National income is estimated by ---- Central Statistical
Organization(CSO).
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42. In NUUP, a customer can access banking services by just pressing -----
*99#.
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43. In what denominations a CP that can be issued-----5 lakh or multiples
thereof.
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44. Interest on the savings bank accounts is compounded ------ Daily
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45. Is Deposit Insurance and Credit Guarantee Corporation available to

depositors of NBFCs---No
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46. Is introduction necessary while opening a bank account----NO
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47. KYC guidelines followed by the banks have been framed on the
recommendations of the-----RBI.
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48. Last date declarant make the deposit into the scheme PMGKDS---- March
2017
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49. LLP--- Limited Liability Partnership.
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50. Maximum amount for mental agony and harassment in case of creditcard---
-1 lakh
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51. Maximum amount of compensation as specified under Banking
Ombudsman-----10 lakh
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52. Minimum and maximum period of maturity prescribed for CP----7days---1
year
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53. National Savings Certificate matures at the end of---- 5 years.
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54. Nationalize 14 major commercial bank on ----19 july,1969(deposit over 50
cr).
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55. Non KYC compliant account holders may be allowed to withdraw of PMJDY
For month---5000
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56. On a cheque instead of two parallel lines only bank’s name is written. It is a-
----- Special crossing
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57. On the basis of recommendations of which of the following committees
NABARD was established-----sivaramana committee.
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58. One rupee notes bear the signature of.......... Secretary, Ministry of
Finance.
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59. PMGKDS stands--- Pradhan Mantri Garib Kalyan Deposit Scheme,2016--
Taxation and Investment Regime

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60. PSLC ----Priority Sector Lending Certificates
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61. Rates of Interest on deposits are determined by--------- The Bank itself.
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62. RBI was nationalized on - ----- 1 January 1949.
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63. Regulator of Capital Market........SEBI
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64. Report on Currency and Finance ------RBI.
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65. RRBs is established in ------ 2 Oct 1975.
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66. SBI establishment day is celebrated on ------ 1st July.
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67. SDR, the currency of the IMF, is in the form of ------ Book keeping entry
only.
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68. Security on immovable property for a loan given by a bank ----- Mortagage.
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69. Systematic investment plan is related to ----- mutual funds
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70. The Banking Ombudsman Scheme is introduced under-----Section 35 A of
the Banking Regulation Act, 1949
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71. The Banking Regulation Act was implemented on----- March 10, 1949.
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72. The Chairman of SEBI is nominated by ------ GoI.
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73. The Definition of ‘Banking’ is given in---- The Banking Regulation Act,
1949.
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74. The Export-Import Bank of India was set up in ------ January 1982.
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75. The following acts helps a bank in its day-to-day activities ---- Negotiable
Instruments Act..
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76. The full form LAF ----- Liquidity Adjustment Facility(repo,reverese repo).
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77. The full form of ‘CORE’ ---- Centralized Online Realtime Exchange.
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78. The interest rate charged by banks to their largest, most secure, and most
creditworthy customers on short-term loans---- Prime lending rate:
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79. The minimum capital requirement Payment Banks is Rs ----100 cr
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80. The minimum capital requirement Small Banks is Rs -----100 cr
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81. The RBI Act was implemented on ----------------------- 6 March 1934.
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82. Those Automated Teller Machines where hardware and the lease of the
ATM machine is owned by a service provider, but cash management and
connectivity to banking networks is provided by a sponsor bank whose brand is
used on the ATM--Brown label ATM
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83. Transfer of any instrument to another person by signing on its back or face
or on a slip of paper attached to it is known as........ Endorsement.
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84. Transferring local financial assets into foreign financial asset freely and at
market determined exchange rates-------- Capital Accounts Convertibility.
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85. Under which method of note-issue the RBI issues notes---- Minimum
Reserve System.
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86. Unsecured bonds that cannot be converted to company equity or stock ----
Non Convertible Debentures.
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87. What is “Stagflation ----- inflation after deflations.
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88. What is meant by a scheduled bank---- A bank included in 2nd schedule of
RBI Act, 1934.
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89. What is the full form of IIP------- Index of Industrial Production.
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90. What is the upper transaction limit of UPI system----1 lakh.
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91. What would be the New Price Index that would measure inflation------- CPI
(2012).
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92. When
a bank returns a cheque unpaid, it is called-----Dishonor cheque

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93. When did Payment and Settlement Systems Act----20 th dec 2007.
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94. Which date Withdrawal of Legal Tender Character of the old Bank Notes in
the denominations of 500/- and 1000/---November 8
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95. Which day is celebrated as the Banks Nationalization Day ------ 19 july
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96. Which of the following is the parent organisation of UPI----NPCI.
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97. Who defines a person resident in India--- Foreign Exchange Management
Act, 1999 (FEMA)
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98. World Development Report published by------ World bank
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99. World Economic Outlook” Report ------ IMF.
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100. World Investment Report has been published by---UNCTAD.

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