Thursday, July 12, 2012

1000 Banking Questions



1001 QUESTIONS 
FOR 
LAST MOMENT PREPARATION

1. External credit rating agencies as approved by the RBI: 


Ans. CRISIL, ICRA, CARE and FITCH India.

2. What is full form of CRISIL: 


Ans. Credit Rating Information Services of India Limited

3. Approach has been adopted by PNB for Credit Risk: 


Ans. Standardized Approach w.e.f. 31.3.08.

4. Risk weight on Regulatory Retail Portfolio:


 Ans. 75%

5. Advances have been covered under Thrust Area of Retail segment for 2009-10: 


Ans. Housing Loans, Education Loans, Auto Loans, Loans to Pensioners, Reverse

Mortgage Loan Scheme, Loans to Traders

6. Retail exposure means: 


Ans. Maximum aggregated retail exposure to one counterpart should not exceed the threshold limit of Rs.5 crore.

7. What is meant by Productive Sector:


 Ans. Agriculture, export credit, SME, Infrastructure, Service sector

8. Benchmark PLR (BPLR) of PNB: 


Ans. 11.00% w.e.f. 01.05.2009.

9. The terms Credit Exposures includes: 


Ans. Funded and non-funded credit limits



10. Single Borrower Exposure limit in case of Oil companies (for 2009-10 extended to 2010-11): 


Ans. 25% of the capital funds of the bank.

11. What is meant by substantial exposure: 


Ans. Single borrowers enjoying credit facilities in excess of a threshold limit of 10% of capital funds of a Bank

12. Unsecured Exposure Ceiling: 


Ans. Not exceeding 25% of the total outstanding advances.

13. Advances to individuals against security of shares and debentures:


 Ans. Rs. 10 lakh against physical shares and Rs.20 lakh against dematerialised shares.

14. Credit Scoring Models in retail segment: 
Ans. PNB Score.

15. Valuation when the property is Rs.50 crore & above: 


Ans. done from two valuers on the Bank’s approved panel.

16. Working capital assessment under Nayak Committee: 


Ans. WC requirements of Rs. 5.00 crore for SME and Rs. 2.00 crore for Traders.


17. Cash Budget System for MPBF is followed in: 


Ans. Sugar, Tea, Service Sector, construction activity, Film Production.

18. Ceiling on Term Loans as per ALM: 


Ans. Term loans repayable above 5 years shall not exceed 50% of the term deposits with remaining maturity period of above 5 years.

19. Vetting of Loan Documents:


 Ans. Rs. 2 crore & above

20. Cut off limit for submission of Legal Compliance Certificate: 


Ans. Rs.10 lakh & above

21. Preventive Monitoring System (PMS) is applicable on:


 Ans. Sanctioned limits (FB plus NFB) above Rs. 1 crore.

22. Name of PMS package:


 Ans. PNB Rakshak.

23. Stock Audit is done in: 


Ans. Fund Based working capital limits of Rs.5 crore and above (Rs. 1 cr with rating B and below)

24. Monitoring of Weak/Irregular Accounts by Head Office: 


Ans. Above Rs.10 lac on monthly basis.

25. Corporate Debt Restructuring is applicable on: 


Ans. Accounts with exposure of more than Rs. 10 crore from more than one banks

26. Validity period of Credit Risk Rating: 


Ans. 12 months from the month of confirmation of rating or 18 months from the date of balance sheet, which ever is earlier.

27. Updating of Customer Identification Data for Low Risk Customers: 


Ans. once in 5 years

28. Updating of Customer Identification Data for Medium & High Risk Customers: 


Ans. once in 2 years

29. Mobile Banking limit for fund transfer: 


Ans. Rs 50,000/- per customer for both funds transfer and purchase of goods/services

30. May I Help You Counter:


 Ans. Staff strength of 10 or more.

31. PAN No. Quoting: 


Ans. For FD above Rs.50000 and for cash deposit Rs. 50000 or more

32. Maximum compensation of fraud due to hacking/phishing through netbanking: 


Ans. Rs. 5000/- only.

33. CIB guidelines about lockers: 


Ans. Engraving of Banks’ Name & Branch Code on Locker Keys

34. Star series notes: 


Ans. In Denomination of Rs. 10, 20, 50

35. Changes regarding Mortgage of IP: 


Ans. It can be done at places located in Cantonment Area also at specified places.

36. Post Audit of Term Loans: 


Ans. – Rs. 1.00 crore and above within one month of disbursement.

37. Reporting of Frauds in Public Sector Banks in cases of Rs. 1.00 crore and above upto Rs. 5.00 crore with staff involvement:


 Ans. CBI (Anti Corruption Branch)

38. Reporting of Frauds in Public Sector Banks in all cases of Rs. 5.00 crore and above: 


Ans. Banking Security and Fraud Cell which is specialised cell of the Economic Offences Wing of the CBI.

39. QAB In Saving Bank Accounts of Senior Citizens: 


Ans. Nil

40. Instant Credit for small USD Cheques: 


Ans. up to USD 500.

41. Premium CA customers: 


Ans. Quarterly average balance of Rs 1 Lac and above in the previous quarter.


42. Premium SF customers: 


Ans. Quarterly average balance of Rs 50000/- and above in the previous quarter.

44. Sanction of Term Loan in PNB Baghban: 


Ans. Rs. 15.00 lac for Medical facilities only.

45. Rate of Interest on PNB Baghban: 


Ans. 10.5% w.e.f. 1st May 2009.

46. Risk Weight on Education loan: 


Ans. 75%

47. Outstation Cheque Collection Charges: 


Ans. Rs. 50 for instrument upto Rs. 10000, Rs. 100 for instrument above Rs. 10000 to Rs. 1.00 lac and Rs. 150 for instrument above Rs. 1.00 lac

48. Collateral in Education loan: 


Ans. In loan amount of Rs.7.51 lac and above



49. Personal Loan Scheme for Public: 


Ans. Minimum Rs. 50,000/ and maximum Rs. 5.00 lac

50. PNB Special Housing Loan Scheme For New Accounts Under Fixed Option: 


Ans. Limit raised to Rs. 50.00 lac

51. A bank can sell NPA only after:


 Ans. The account has remained NPA for 24 months.

52. The purchasing bank/FI can further sell NPA: 


Ans. After 15 months of the purchase.

53. Personal Loan Scheme For Pensioners: 


Ans. Quantum of Finance increased from Rs.1 lac to Rs.1.5 lac.

54. Financing Rickshaw Pullers: Ans. TL to the extent of 8500/- to 12000/-.
55. Overseas Corporate Bodies: Ans. OCBs are entities established outside India and predominantly owned by NRIs (at least 60% of the paid up capital).
56. Advance remittance without bank guarantee for import of goods: Ans. USD 5 million
57. Advance remittance for import of services: Ans. USD 500,000
58. Limit for direct receipt of import bills: Ans. USD 300,000.
59. Foreign Direct investments in Nationalised Banks: Ans. 20 per cent of paid-up capital.
60. Foreign Direct investments in SSI units: Ans. 24 per cent of paid-up capital.
61. Realisation of Export Proceeds: Ans. 12 months
62. Foreign Currency bill is to be removed from currency position: Ans. After 30 days of expiry of NTP in case of demand bills and after 30 days of due date in case of usance bills
63. Exchange Control Declaration (GR) Form: Ans. For Exports to all countries made otherwise than by post.
65. PP Form: Ans. Exports to all countries by parcel post
66. Form A-1: Ans. For Imports exceeding USD 500 or its equivalent
67. Form A-2: Ans. In respect of remittance applications for miscellaneous non-trade current account transactions of value not exceeding USD 5,000
68. Import of Forex into India- Submission of CDF form: Ans. where the aggregate value of the foreign exchange in the form of currency notes, bank notes or travelers’ cheques exceeds USD 10,000 or value of Currency Notes exceeds USD 5,000
69. Types of R-Returns: Ans. Two types i.e. R-Return (NOSTRO) and R-Return (VOSTRO).
70. R-Returns should be submitted: Ans. Twice a month as at the close of business on 15th and the last day of the month to reach RBI within 7 calendar days from the close of period.
71. Remittances from NRO accounts: Ans. Not exceeding USD 1 million per financial year
72. PNB Global Credit Card: Ans. Minimum Income Rs. 80000, Maximum Rs. 2.00 lac for salaried and Rs. 1.40 lac for businessmen
73. Credit Guarantee Fund for SME: Ans. One time guarantee fee of 1.5% of the credit facility sanctioned, Annual Service fee of 0.75% of credit facility sanctioned.
74. Appeal against the order of DRT: Ans. Can be filed in DRAT within 45 days from the date of receipt of order of DRT.
75. Target for PS Banks Capitalisation as per Union Budget 2010-11: Ans. Rs.16,500 crore provided to ensure that the Public Sector Banks are able to attain a minimum 8 per cent Tier-I capital by March 31, 2011
76. Target for Agri Credit Flow for 2010-11 : Ans. Rs.375000 crore
77. Objective of Financial Inclusion to cover the population by March 2012: Ans. Appropriate Banking facilities to be provided to habitations having population in excess of 2000.

RBI Annual Policy Statement for 2010-11 (Que 79 to 82)
79. Bank Rate: Ans. Retained at 6.0 per cent.
80. Repo rate: Ans. increased by 25 basis points from 5.00 per cent to: Ans. 5.25 per cent
81. Reverse Repo Rate: Ans. Increased by 25 basis points from 3.5 per cent to 3.75 per cent..
82. CRR : Ans. Increased by 25 basis points from 5.75 per cent to 6.00 per cent
83. Loan against NRE and FCNR (B) deposits: Ans. Limit enhanced from Rs.20 lakh to Rs.1 crore
84. Service charges levied for transfer of funds under outward RTGS transactions: Ans. Rs.25 for transactions of Rs.1 lakh and up to Rs.5 lakh, and Rs.50 for transactions of Rs.5 lakh and above.
85. Service charges for NEFT transactions: Ans. Rs.5 for transfer of funds up to Rs.1 lakh and Rs.25 for transactions of Rs.1 lakh and above.
86. The provisioning requirements for all types of standard assets: Ans. 0.40 per cent except agricultural and SME sectors with 0.25 per cent and commercial Real Estate 1.00%
87. Risk weights on banks’ exposures to all unrated claims on corporates: Ans. 100 per cent
88. The ceiling rate on export credit in foreign currency was raised from: Ans. LIBOR + 100 basis points to LIBOR + 350 basis points.
89. The period of entitlement of the first slab of post-shipment rupee export credit extended: Ans. From 90 days to 180 days.
90. Changes in the concept of Priority Sector: Ans. Retail Trade will not be a separate segment. It has been included in SME sector. Loans granted by banks to HFCs for
on-lending for housing up to Rs.20 lakh per dwelling unit
91. Penal Interest to Large Units for delayed payment to SME sector: Ans. Three times Bank rate presently 18%.
92. Age limit for Prime Minister's Employment Generation Programme (PMEGP): Ans. 18 years and above.
93. Eligibility under PMEGP: Ans. Projects costing upto Rs.10.00 lacs (maximum) under business/service sector and Rs.25.00 lacs (maximum) under manufacturing sector.
94. Right to Information Act 2005 came to effect w.e.f: Ans. 15.06.05
95. JLG group may have: Ans. 4-10 members.
96. Limit for Produce (Marketing) Loan Scheme: Ans. Maximum loan upto Rs.10 lakh
97. Cherry Picking means: Ans. Investment in Mutual Funds
98. Dividend Stripping: Ans. Purchase of shares before declaration of dividend and sale after declaring dividend
99. Fiscal Deficit: Ans. Capital expenditure minus capital receipts
100. Philips Curve relates to: Ans. Poverty and Unemployment
101. Inequality in income & wealth is shown by: Ans. Lorenz Curve
102. Gresham's Law in Economics: Ans. Bad Money drives out good money
103. Balance of Trade refers to: Ans. net of value of exports and value of imports (merchandise account).
104. Mezzanine Financing: Ans. A hybrid of debt and equity financing.
105. Revenue receipts: Ans. Receipts by way of direct and indirect taxes, interest, dividends and profits from investments, fees and other receipts from services rendered by the Govt. .
106. Capital receipts: Ans. Receipts by way of loans raised from the market, borrowing from RBI, external assistance from foreign Govts, recoveries of loans and advances.
107. Revenue expenditure: Ans. These are expenses incurred for the normal running of the Govt. departments, interest charges on debt and subsidies.
108. Capital expenditure: Ans. It is the expenditure incurred on acquisition of assets and investments, loans and advances to State Govts.
109. Capital budget: Ans. It consists of capital receipts and payments and also incorporates transactions in the Public Account.
110. Plan expenditure: Ans. It is the outlay on schemes and programmes formulated by various Ministries under the 5-year plan.
111. Non-plan expenditure: Ans. It is the expenditure outside that incurred in keeping with the programmes formulated under the 5-year plan.
112. Revenue deficit: Ans. It is the excess of Govt. revenue expenditure over revenue receipts.
113. Budgetary deficit: Ans. It is excess of total expenditure (capital and revenue) over total receipts, bridged through borrowings from the market and RBI.
114. Fiscal deficit: Ans. It is excess of total expenditure over revenue receipts and capital receipts after excluding borrowing
115. Gross Domestic Product: Ans. Money value of final goods of services produced during a year within domestic territory of a country.
116. Net Domestic Product: Ans. GDP - Depreciation
117. Gross National Product: Ans. GDP + net factor income from abroad
118. Net National Product: Ans. GNP - Depreciation
119. National Income: Ans. Net national product at factor cost, which include total of net domestic product at factor cost plus net factor income from abroad.
120. NNP at factor cost: Ans. NNP at market price (-) indirect taxes (+) subsidies
121. Per capital income: Ans. National income / population
122. The upgraded LADDER system is called as: Ans. Cris-Mac
123. Gilt edged securities refers to : Ans. Govt. Securities.
124. Increasing CRR by RBI leads to : Ans. Squeeze in liquidity.
125. Market Captialisation means: Ans. Number of shares issued by a company multiplied by current market price of the share.
126. Unqualified Report means : Ans. an Audit Report which contains no "Clauses".
127. "Dividend Stripping" means: Ans. Purchase or Sale of shares by the individuals or company prior or subsequent to declaration of dividends.
128. Higher Foreign Exchange Reserves are associated with the risk of: Ans. Fluctuation in exchange rates.
129. Collateralised Borrowing and Lending Obligation (CBLO) is a: Ans. Money Market Instrument.
130. Overhead expenses for Banking Sector compared to Manufacturing Sector is : Ans. Low.
131. Islamic Banking means : Ans. banking according to the Principles of Shariat
132. G8 Countries consist mainly of: Ans. Developed nations.
133. Which State took the initiatives for consolidation of Co-operative banks : Ans. Maharashtra
134. Expand VAT: Ans. Value Added Tax
135. Minimum period for which a Commercial Paper can be issued is: Ans. 7 days
136. Monetary Museum of India established by RBI is located at: Ans. Mumbai
137. The country which has banned sale of Tobacco is: Ans. Bhutan
138. Expand SACP: Ans. Special Agriculture Credit Plan .
139. Expand OSU: Ans. Off Shore Unit
140. Maximum Forex permissible to a Resident Indian going abroad as tourist: Ans. US $ 10,000 per financial year.
141. Banks are required to preserve records as per provisions of : Ans. Sec 45Y, Banking Regulations Act
142. KYC norms were implemented to: Ans. Prevent Money Laundering.
143. A unique example of Co-op bank converting to a private commercial bank: Ans. Development Credit Bank
144. Licence for starting a new Commercial bank is given by: Ans. RBI
145. RBI rediscounts bills of the banks at : Ans. Bank Rate
146. Which charge does not require registration in case of limited companies: Ans. Pledge
147. Irrevocable LC denotes that: Ans. Terms and condition of LC cannot be changed without consent of beneficiary.
148. Chairperson of Committee on Corporate Governance in Banks: Ans. A.S. Ganguly
149. Committee associated with funding of Tea industry : Ans. Madhukar Committee.
150. Which committee is associated with Rural Credit System : Ans. V S Vyas Committee
151. Montreal Protocol relates to : Ans. Protection of Ozone Layer
152. Import Licence are issued for : Ans. CIF value
153. The cases referred to Lok Adalats formed by DRT is for : Ans. above Rs. 20 lac.
154. NK Singh Committee is associated : Ans. Foreign direct investment (FDI)
155. NIXI : Ans. National lnternet Exchange of India
156. Risk Weight on Housing loans:

Category of loan/advance

Risk weight

Housing loans to individuals:
i) Outstanding upto Rs.30 Lacs and LTV upto 75%
ii) Outstanding above Rs.30 Lacs and LTV upto 75%
iii) Where LTV ratio is more than 75%, irrespective of outstanding


50%
75%
100%






157. ____ has become the First Public Sector Bank to raise Equity Capital through Qualified Institutional Placement (QIP): Ans. Bank of India
158. According to the Global Information Technology Report 2007-08, __ is the Most Networked Economy in the World: Ans. Denmark
159. 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%.
160. Postal Index Number (PIN) will be changed from: Ans. 6 to 8 digits, to ensure speedier delivery of post.
161. ____ is ranked as the World's Most Powerful Brand for the second straight year: Ans. Google
162. 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 .
163. 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.
164. 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.
165. ___ has the Largest Petroleum Reserves (almost 1/4th of the World's proven total petroleum reserves) in the World: Ans. Saudi Arabia.
166. 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.
167. Loss making banks can make donations totaling Rs ___ lakhs only in a financial year : Ans. Rs.5lac
168. Is Wheat a commercial crop : Ans. No
169. Largest trading partner country of India : Ans. USA
170. Maximum cotton yielding country : Ans. India
171. Maximum coffee yield : Ans. Brazil
172. Raksha Kawach : Ans. Railway Security
173. Dronacharya award relates to : Ans. Award to Sports Coach
174. Which currency is the costliest in term of Indian Rupee: Ans. Pound Sterling
175. The revised definition of sick SSI unit has been given by : Ans. Kohli Committee
176. Which unit of valuation is known as 'Paper Gold' : Ans. SDR.
177. Emission standard given by : Ans. Mashelkar Panel.
178. Dialysis is related to: Ans. Kidney patients
179. Cholesterol is related to: Ans. Heart problems.
180. 10th Dec. is observed as: Ans. Human Rights Day.
181. Which RBI Committee is studying Lenders liability: Ans. Dr. N. L. Mitra.
182. Which gas is emitted by motor vehicle: Ans. Carbon mono oxide.
183. Name of Special animal protection group: Ans. PETA (People for Ethical Treatment of Animals).
184. Handloom' is considered as second largest economic activity after: Ans. Agriculture in India.
185. 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
186. If the due date of CDs falls on a holiday it should be paid on : Ans. preceding working day.
187. ____ refers to purchase of book debts I receivables without recourse to the sellers: Ans. Factoring
188. Maximum housing loans which would be treated as priority sector advance is: Ans. Rs. 25 lacs.
189. Green back currency refers to: Ans. US $.
190. Public holidays are excluded for determining time for presentation or acceptance for payment under: Ans. Section 105 of Negotiable Instruments Act 1881.
191. Sec. 45Z of Banking Regulation Act 1949 deals with: Ans. Return of paid instruments to account holders.
192. Can Bank exercise right of Set-off in respect of contingent liabilities: Ans. No
193. US $ rate is increased from Rs. 47 to Rs. 49. It will benefit the: Ans. Exporters and will lead to increase in exports.
194. Bearer demand draft cannot be issued as per under Section __ RBI Act: Ans. Sec 31 of RBI Act
195. If a Sole Trustee dies, the Trust will be managed by : Ans. Court appointed Trustee
196. 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.
197. 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
198. Mulberry loan is related to: Ans. Sericulture.
199. Pre-paid expenses in the shape of insurance premium are classified in the Balance Sheet as: Ans. Current asset
200. The Borrowing of the Board of Directors of the Public Ltd Company should not exceed: Ans. Paid·up capital and free reserves.
201. Working Capital assessment for SSI units sanctioned Working Capital limit upto Rs 5 crore is as per : Ans. Nayak committee.
202. State-sponsored Corporation granted loan for on-lending to Weaker Section is covered by the bank under: Ans. Indirect advance to agriculture.
203. Hypothecation has been defined in: Ans. Section 2 (n) of SARFAESI Act.
204. 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.
205. Guarantor stepping into the shoes of creditor on discharging the liability of the principal borrower: Ans. Right of Subrogation.
206. 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.
207. Know Your Customer (KYC) guidelines: Ans. Prevent banks from being used unwittingly used by criminal elements for transfer of illegal funds/ money
laundering activities.
208. 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.
209. If Operating Cycle is longer: Ans. This implies that higher amount of working capital will be required.
210. Clayton's Rule applies to: Ans. appropriation of payments.
211. Vostro account means : Ans. Foreign Bank's A/c with us.




212. RFC ale can be opened by: Ans. home returned NRls.
213. Guarantees covering series of transactions : Ans. Continuing Guarantees.
214. Buyer takes possession of goods and enjoys as Sole Owner of goods although price of goods not fully paid : Ans. Hire Purchase.
215. As per Sec. 26 NI Act, Minor may draw, endorse, deliver, Negotiable Instrument so as to bind all parties except himself : Ans. True.
216. 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.
217. Mr B opened an account on 12.04.09, got issued cheque book on 17.04.09. A cheque dated 10.04.09 is presented for payment, what will be the fate of the cheque:
Ans. The Cheque will be paid if otherwise in order.
218. Contract of Insurance is an : Ans. indemnity contract.
219. Bailment is defined in : Ans. Indian Contract Act Sec. 148.
220. Cheque may be crossed by drawer, holder, banker : Ans. All (Sec. 125)
221. Mortgage by Deposit of title of deeds is : Ans. Equitable Mortgage· (Transfer of Property Act, Sec. 58F).
222. Mortgage is defined : Ans. Transfer of Property Act Sec. 58(F)
223. Minor can be appointed as an Agent : Ans. Principal is responsibIe (Sec. 184 of Contract Act).
224. A/c Payee crossing is not recognised by an act: Ans. Outcome of custom and usuage.
225. Cheque validfiy period has now statutory sanction as per: Ans. Sec; 138 of NI Act
226. Writing name of bank on face of Cheque with or without two parallel lines Ans. Special Crossing. .
227. A/C payee crossing is direction to: Ans. Collecting banker.
228. In CC a/c Garnishee Order applies to: Ans. Credit Balance in CC
229. Unclaimed Deposit· 10 years and above : Ans. RBI (Sec. 26 of Banking Regulation Act)
230. Material alteration: Ans. Requires drawers authentication.
231. Possession & ownership with borrower : Ans. Hypothecation
232. Safe Custody is covered under which act : Ans. Indian Contract Act
233. Safe Deposit Locker relationship with banker is : Ans. Lessor· Lessee.
234. Debt Equity Ratio : Ans. Type of Solvency Ratio
235. Break even paint means : Ans. No profit no loss.
236. Target of agriculture finance : Ans. 18% of ANBC or Credit balance of off Balance sheet items, whichever is higher.
237. Current ratio = Current Assets / Current Liabilities.
238. Under RTI Act, the person seeking information should have qualifying eligibility of: Ans. Indian Citizenship .
239. Minimum and maximum maturity period of a Commercial Paper: Ans. 7 days and 1 year.
240. New name of the Ministry of NRI Affairs : Ans. Ministry of Overseas Indian Affairs.
241. Most popular bench mark rate for Indian money market for one day call rates is: Ans. MIBOR
242. What is the Cash Reserve Ratio that the Overseas Banking units have to maintain while opening the branch in SEZs: Ans. No requirement
243. The country that revalued its currency against the US dollar is: Ans. China revaluated Yuan against US dollar.
244. What is the maximum amount for which the CGTMSE guarantee cover· is available: Ans. Fund & Non Fund based Rs. 1 cr.
245. Who has formulated the 'Swaran Jayanti Gram Swarozgar Yojana: Ans. Ministry of Rural Development
246. Which bank has started 'Abhay' credit counselling centres in association with NGO: Ans. Bank of India.
247. Concept of Priority Sector came in the year __ : Ans. 1972
248. What is the minimum and maximum number of persons that can form JLG for tenant farmers: Ans. 4 to 10 .
249. What is the name of in-built device in a computer where data is stored: Ans. Hard Disc
250. What is the target of correspondence in Hindi from Region C to Region C: Ans. 55% of total letter sent
251. What is Corporate Governance: Ans. Management of an organisation to enhance value for all stakeholders .
252. Commission of Govt. business other than Pension: Ans. 9 paisa per Rs. 100 turnover.
253. Expand HTML: Ans. HyperText Marttup Language
254. Number of alphabets in a PAN Card: Ans. Total 10, out of which 6 alphabets and 4 Numerals.
255. Oldest and largest foreign bank in India: Ans. Standard Chartered Bank
256. What is Internet: Ans. Network for Networks
257. Information Technology Act came in to effect from : Ans. 1.6.2000
258. 'Buy now Pay later' is related to: Ans. Credit Card
259. Maximum dividend payout ratio for a bank is: Ans. 40%
260. What enables computers to interact with other network through telephone lines: Ans. Modem
261. Extent of Investment fluctuation reserve for banks Minimum 5% of securities classified as held for: Ans. Trading and Available for Sale.
262. Smallest part of computer memory is: Ans. Bit .
263. 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
264. Converting physical shares to electronic from is called: Ans. Dematerialization
265. Official Language Committee Meeting: Ans. Once in a quarter
266. Minimum age of minor for self operated account: Ans. 10 years
267. Vyas committee recommendations relates to: Ans. Agriculture credit
268. Committee which recommended about Universal Banking: Ans. R.H. Khan
269. The Uniform Custom & Practices for Documentary Credits (UCP 600) has _ as the total number of Articles: Ans. 39
270. Agency commission rat~ for governments business receipts is at the rate of_ per transaction: Ans. Rs. 45
271. Which sector has become the world's biggest source of employment: Ans. Services
272. 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




273. In the total food grain output of India, what is the share of Kharif Crops: Ans. 50%
274. The Grameen Bank Model of micro-finance institution was developed originally by: Ans. Bangladesh
275. Interest on Cash Reserve Ratio eligible balance is paid by RBI on __ basis: Ans. No interest is paid
276. Banks are required to maintain minimum of __ of their CRR requirement on a daily basis: Ans. 70%
277. Stamp duty payable on a Promissory Note is governed by : Ans. Indian Stamps Act
278. Banks can raise up to __ of the total Tier-I capital in the form of perpetual debt: Ans. 15%
279. The rate of commission paid by government for pension payment is : Ans. . Rs. 60 per transaction
280. 'Customer' has been defined in : Ans. KYC Guidelines
281. What is the cut-off point for reforming fraud cases to CBI : Ans. Rs. 1 crore
282. RTGS will minimize __ risk: Ans. Settlement risk
283. What are the Indian Depository Receipts: Ans. Financial Instruments that allow foreign companies to mobilize funds from Indian markets
284. Which act gives legal guarantee of 100 days employment in rural areas to 1 person in every household: Ans. National Rural Employment Guarantee Act
(NREGA)
285. Service tax has to be remitted to the Govt. A/c by : Ans. 5th of the succeeding month
286. The risk of loss resulting from inadequate or failed intemal processes, people and systems or from external events is : Ans. Operational risk
287. 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
288. Which state stands first in promoting SHG movement: Ans. Andhra Pradesh
289. ICRA, the rating company has become an associate of : Ans. Moody's Investor Service
290. Under what provisions Lok Adalats are set up: Ans. Legal Services Authority Act, 1987
291. What is MCA-21 : Ans. It is the e-governance project of Ministry of Corporate affairs
292. The new name of UTI Bank is : Ans. Axis Bank
293. BPO & KPO stand for : Ans. Business Process Outsourcing & Knowledge Process Outsourcing
294. International Bank for Dev. & Reconstruction is also known as : Ans. World Bank
295. WWW refers to : Ans. World Wide Web
296. The book 'A View from the Outside- Why good Economics works for every one' is written by : Ans. P.Chidambaram
297. Ministry of Labour has banned children less than 14 yrs from working as domestic help: Ans. With effect from 10th October 2006.
298. ICRA,CRISIL,CARE,FITCH India are names of : Ans. RBI approved rating agencies In India
299. PNB has made it mandatory to extend collateral free/without third party guarantee loans up to _________to the MSEs by the branches.: Ans. Rs. 100 lakh
300. 'Pure Banking, Nothing Else' is the signing off statement of _ : Ans. State Bank of India
301. Finacle, the popular Banking software is a product of : Ans. INFOSYS
302. 'Metropolitan' group includes all banked centres with population of and above: Ans. 10,00,000
303. 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
304. 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
305. 'Urban' group is that which has a population above 1,00,000 but below: Ans. 10,00,000
306. Which sector has become the world's biggest source of employment: Ans. Services
307. Which is the largest country in the world in terms of land area: Ans. Russia
308. Which State has become the first State in India to launch evening courts: Ans. Gujarat
309. The country which is known as 'Land of Co-operative' is: Ans. Denmark
310. Right to Education to all children between the age of 6 to 14 years is : Ans. A fundamental right
311. The time period of settlement in case of RTGS is : Ans. Two Hour
312. Which state has got the maximum agricultural credit from the nationalized banks : Ans. Andhra Pradesh
313. Which state is at the top in agricultural production in India: Ans. Punjab
314. In the total food grain output of India, what is the share of Kharif Crops: Ans. 50%
315. Who is the chairperson of the National Commission on Farmers Ans. Dr. M.S.Swaminathan
316. What is India's share in world's total exports of milk dairy products: Ans. 0.5%
317. 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%
318. 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
319. Two currencies which have been included by RBI in the basket of currencies to which rupee is linked: Ans. Yuan & Hong Kong dollar
320. What is the maximum limit permitted for investment by FDls in the equity capital of ARCs: Ans. 49%
321. ICRA, the rating company has become an associate of : Ans. Moody's Investor Service
322. No passport need be presented to money changers for encashment of dollars up to: Ans. USD500
323. Who is the industry leader in mortgage loan : Ans. HDFC
324. 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
325. Who is the Chairman of the Committee to recommend the frame work for fuller Capital Account Convertibility: Ans. S.S. Tarapore, former Deputy
Governor,
326. RBI Interest subsidy on farm credit has to be claimed by banks: Ans. on quarterly basis
327. Risk weight for investment in RIDF by banks to meet shortfall in agricultural sector is: Ans. 100% .
328. Which are the three pillars under Basel II norms : Ans. (a) Regulatory requirement of capital, b) Supervisory review, c) Market discipline
329. Banks have kept Investment Fluctuation Reserves to manage: Ans. Interest rate risk
330. Indian bank that has been named in the top 500 list of Fortune Global 500 companies : Ans. State Bank of India




331. Opening of branches by Banks is covered under _ of the Banking Regulation Act,1949: Ans. Section 23
332. 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
333. 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
334. ____ is related to 'Yellow Revolution' : Ans. Oilseeds Production
335. Annual growth rate of national income was recorded lowest during: Ans. Third Plan
336. According to the Sarva Shiksha Abhiyan, India's every child would be able to go to school by: Ans. 2015
337. Banks prefer going. to Lok Adalat because: Ans. No court fees,' no appeal and compromise decree.
338. NICL is abbreviation of: Ans. National Insurance Company Ltd.
339. Who decides the quantum of agricultural finance : Ans. District Technical Committee.
340. The term Insider Trading refers to: Ans. Sale and Purchase of shares based on classified information available to those connected with company.
341. What is meant by Pari-Passu charge: Ans. Pro-rata in the ratio of outstanding within the consortium approved limits.
342. Which financial institutions converted into a Bank on 01.10.04 : Ans. lDBI Ltd.
343. Fire wall is used for: Ans. Hardware/software to protect the IT system/website from unauthorized access.
344. The foreign bank which has its own currency chest in India: Ans. Standard Chartered
345. What is Internet: Ans. Network of Networks
346. Expand INFINET : Ans. Indian financial Network
347. Deferred payment guarantee is a : Ans. financial guarantee
348. Net Block means: Ans. Fixed Assets minus depreciation
349. The declared objective of the 11 th Plan is : Ans. Faster and More InclusiveGrowth
350. Committee on Financial Inclusion for RRBs __ : Ans. Dr. C Rangarajan.
351. SARFAESI Act has been extended to loans advanced by : Ans. RRBs.
352. RRBs to accept : Ans. NRE / FCNR deposits.
353. National Housing Bank (NHB) to launch _ for senior citizens: Ans. Reverse mortgage
354. ___ , 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.
355. 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
356. Risk weight on loans up to Rs.1 lakh against gold and silver ornaments for all categories of banks reduced to: Ans. 50%
357. Risk weight on residential housing loans to individuals for loans up to Rs.30 lakh has been reduced to % : Ans. 50%
358. 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.
359. RRBs can now take up Corporate agency business for distribution of insurance products, including health and animal insurance on basis: Ans. Without risk
participation.
360. 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
361. For getting finance under SJSRY scheme, the max. project cost for Individuals: Ans. Rs. 50000
362. A company is inviting application for fixed deposits from general public. The FDRs so made by it will be classified under: Ans. Liabilities
363. A bill becoming due for payment within __ shall be treated under current liability: Ans. 12 months.
364. Exposure norms for different industries/indivlduals/ groups fixed by the Banks/RBI are part of: Ans. Risk Management
365. Pre-operative expenses are included in : Ans. Intangible assets
366. Pre-paid expenses-are classified as : Ans. Current assets
367. Assets = Liabilities are as per: Ans. Dual aspect concept
368. Normally, Foreign Traveler cheque 'buying rate is better than Foreign currency rates because of : Ans. Holding cost
369. 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
370. Dividend distribution tax is being paid by : Ans. Company
371. CBS refers to : Ans. Centralized Banking Solution
372. RBI has now dispensed with restrictive provisions of service area approach except for: Ans. Loans under Govt Sponsored Programmes
373. 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
374. Debtors velocity ratio of a company is very low, it does indicates : Ans. Debtors collection management of the company is good
375. At what rate, RBI provides advance to Banks against the Govt securities: Ans. Repo Rate
376. Best explain the term "CBLO' : Ans. It is type of money market instrument, which is used to borrow and lend funds against securities
377. Bill for collection appears in the balance sheet on : Ans. Liability side
378. Increases in CRR causes : Ans. Decreases the lendable resources of the banks
379. 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
380. The difference between Term loan and Deferred payment guarantee is the : Ans. Outlay of funds
381. Main advantage of Cheque Truncation is the : Ans. It decreases the cost of handling of large paper volume of small vote cheques
382. The basic Principal of WC management is : Ans. Profitability goes with liquidity
383. 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
384. Corporate Governance comprises of : Ans. Board of directors, Company officials & shareholders
385. The Ratio is most affected by decrease in current liabilities : Ans. Current Ratio
386. The %age of risk weight on cash balances with RBI is : Ans. 0%.




387. The %age of risk weight on Central Govt. Guaranteed advances is the : Ans. 0%
388. As per RBI Act, the floor limit is __ and ceiling limit of CRR is____ : Ans. Nil and 20%.
389. The minimum Floor limit and maximum ceiling limit for SLR is : Ans. Nil and 40%
390. CRR is maintained as a %age of __ and SLR maintained as a %age. of __: Ans. NDTL : DTL .
391. 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
392. In respect of letter of credit business, the term "deferred credit' is used for : Ans. a type of supplier's credit .
393. complainant is not satisfied with the reply given, within a period of_ from the date of cause of action arise as per Banking Ombudsman Scheme: Ans. One year
394. TDS will be deducted if amount of rent exceeds Rs. __ p.a. to single payee : Ans. 1.20 lacs
395. Tax deducted for deposit accounts should be deposited within : Ans. 7 days of the following month.
396. 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
397. Note printing by RBI results in : Ans. Inflation generally
398. Which bank has launched EMI Card: Ans. ICICI Bank.
399. 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
400. Which is a derivative instrument in the financial market: Ans. Credit default swap
401. Multicity cheque is payable at all ___ branches: Ans. Core banking
402. In the case of a white label credit card the brand of the issuer is: Ans. Not mentioned
403. ____ is true in respect of issue of duplicate CDs: Ans. It can be issued only in physical form
404. Process of inviting subscriptions to a public issue is through a tendering process which is known as: Ans. Book building
405. 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
406. __ ATM eliminates the need for PIN entry and authenticated customer transactions by thumb impressions: Ans. Biometric
407. Provisions made by a bank in excess of the regulatory provisions is known as__ provisions: Ans. Floating
408. Innovative perpetual debt instruments are issued only with __ options: Ans. Call
409. A company incorporated outside India can issue: Ans. IDR
410. Who has formed the Rural Credit Bureau: Ans. ICICI, CIBIL, NABARD
411. Which is the widely accepted in the Money Market Operations: Ans. Treasury Bills
412. Maximum limit under General Credit Card is Rs._ 100% of the oulstandings are treated as __ agricultural advance: Ans. Rs. 25,000 ; Indirect
413. 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.
414. As per recent RBI guidelines Branch level Customer Committee should also include___ as member: Ans. A customer who should be senior citizen.
415. Working group on procedure and processing of Agricultural loans is headed by_ : Ans. C.P. Swarankar
416. 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.
417. Which state is at the top of a list of best e-governed 20 states: Ans. Goa
418. 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
419. 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
420. When RBI sells the securities to banks and gets cash from banks under LAF, RBI pays interest to banks at : Ans. Reverse Repo Rate
421. 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
422. 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.
423. 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.
424. Ans. 30%, 30%
425. ______ is part of the larger emission trading which is a method worked out to control pollution by using economic incentives: Ans. Carbon Trading
426. According to Transparency International (TI) corruption index, India has ranked: Ans. 72
427. ______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
428. 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.
429. For which of the Industries Cash budget system for assessment of MPBF has recently been adopted by the bank: Ans. Service, Software, Sugar, Tea.
430. Probate is a document issue by Court of law and is the' nature of : Ans. An official confirmation of the will of the deceased.
431. Currency & Finance is a report being published by: Ans. RBI
432. Twin sisters of Bretton Woods: Ans. World Bank and IMF.
433. Which,type of Letter of Credits, pre-shipment credit is offered : Ans. Red-clause letter of credit
434. Explain the term 'Islamic Banking' : Ans. Banking without the factor like" Interest on money deposited or lent"
435. In Ombudsman Scheme, Customer Service Committee Report is to be submitted on __ basis : Ans. Quarterly
436. The risk associated with higher foreign exchange reserves is : Ans. Exchange rate movement risk
437. What is the maximum discount that a company can offer to retail investors for their public issues?: Ans. 10%
438. Which country has chosen the face of its motherhood as the first woman to be featured in its banknotes? : Ans. South Korea
439. India ranks as _ in the list of largest carbon emitters: Ans. Fourth
440. 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
441. Account of Bank of America with us will be treated as: Ans. Vostro account
442. Explain the term "Foreign exchange transaction": Ans. Any exchange transaction done in foreign currency
443. If a person fails to pay to Central Govt. the tax deducted, he shall be punishable with rigorous Imprisonment maximum upto: Ans. 7 years




444. The cut-off limit for taking cognizance of the instances of siphoning/diversion of funds by willful defaulters: Ans. 25 lacs .
445. The CDR scheme applies only to finance given under multiple banking/consortium, with outstanding exposure of Rs.___ & above: Ans. 10 crores
446. Under SARFAESI act, before making appeal before DRAT against the decision of DRT, a borrower has to deposit at least___% of the amount
decreed by the DRT. DRAT, however, may reduce the amount to ___%: Ans. 50%. 25%
447. Under SGSY scheme, the %age of amount financed that should go towards women: 40%
448. The minimum amount that can be remitted through RTGS: Ans. Rs. 1 lacs
449. Explain the term "Qualified audit report': Ans. A claused report containing certain clauses i.e. qualifications of the auditors
450. Joint Liability Group (JLG) is an informal group consisting of preferably_ individuals coming together and engaged in similar type of economic activity: Ans.
4 to 10
451. Minimum and maximum period of Commercial Paper is: Ans. 7 days and 1 year.
452. Increase in Repo rate is done primarily to: Ans. Tighten the money supply
453. The process being adopted these days to determine the price of shares is called: Ans. Book Building
454. In SGSY scheme, the funding pattern between Central and State Govt. is: Ans. 75: 25
455. As per the Micro, Small & Medium Enterprises Development Act 2006, the definition of Medium Enterprise. Ans. Investment in Plant and Machinery above Rs.
5.00 Cr to Rs. 10.00 Cr.
456. Loans for construction and running of cold storage units are designed to store agriculture produce / products situated at____ are classified under PS under_
segment Irrespective of location: Ans. Indirect agriculture
457. One of your valuable customer has come to you and he wants joint account with his wife. However, he wants that the account should be available for operation to his
wife only after his death. Which type of the account is best suited. Ans. Former or Survivor
458. No Collateral is required for Education loans upto Rs.____ Ans. For loan less than Rs. 7.51 lacs.
459. The white plastic cards are: Ans. Duplicate/counterfeit cards
460. Under SGSY scheme, women SHG should have a minimum share %age of: 50
461. As per the recent directive of RBI, the method for charging rate of interest should be applied to SGSY group Loans: Ans. On individual loan sanctioned basis
462. The %age or risk weight to be applied to the NPA purchased from other banks is: Ans. 100%
463. RBI has permitted banks Door Step banking under: Ans. Banking Regulation Act
464. Explain the term 'Market Capitalization of a Company: Ans. Total equity shares x current market value per share
465. The Reserve Bank of India Note (Refund) Rules (as amended up to 1980) to be modified in order to make it easier for the public to obtain the refund value in respect
of _____: Ans. Mutilated Notes
466. Disclosure of segment reporting under Accounting Standard enhanced





to include more categories of Corporate I Wholesale banking, Retail banking and other Banking business: Ans. AS 17 ....
467. The Indian Financial Network (INFINET) system to be operationalised as a __network by the Institute for Dev. & Research in Banking Technology: Ans.
Multi·Protocol
468. For claims payable by DICGC to depositors, it is proposed to treat Joint deposits held in the names of 'A & B' and 'B & A' to be two separate a/cs eligible for maximum
claim of Rs. ___ lakh each: Ans. One
469. India's rank in Human Development Index in UNDP Report is: Ans. 124 out of 173.
470. The account which, NRI can open joint account with Resident Indians: Ans. NRO
471. As per the Micro, Small & Medium Enterprises Development Act 2006, the definition of Micro Service Enterprises: Ans. Investment in equipments not exceeding
Rs. 10 lacs.
472. In a Letter of Credit, if nothing is mentioned, whether it is revocable or irrevocable, strictly in terms of UCPDCICC - 600, it will it be treated as: Ans. Irrevocable
473. Resident Indian, rendering professional services as described under FEMA in his/her individual capacity can keep upto_____% of their foreign exchange earnings in
EEFC accounts: Ans. 100%
474. In how many number of currencies, FCNR(B) account can be opened - 5
475. Which type of Letter of Credits, pre-shipment credit is offered: Ans. Red-clause letter of credit
476. In all a bill exchange, there is no mention about the date of payment. On which date, it will be payable: Ans. On demand
477. A bank has purchased cheque under its instant credit scheme. What is the position of a banker: Ans. Holder for value
478. When we are in oversold position and currency is appreciating, squaring of the position will result in: Ans. Loss
479. Not Negotiable crossing is a direction of the customer to: Ans. Collecting Banker
480. In Ombudsman Scheme, Customer Service Committee Report is to be submitted on __ basis: Ans. Quarterly
481. Study of fund flow statement indicates: Ans. Sources and Uses of funds available with the company.
482. Small and Micro Enterprises (Mfg and Service both) covered are eligible for guarantee cover of 75% of the default amount under CGTMSE. The maximum amount
claim is:Rs. 62.50 lacs
483. Risk associated with frauds by employee of the bank is covered: Ans. Operational Risk
484. w.e.f ___ State Govt guaranteed advances would be subject to same norms for asset classification as other advances: Ans. 31.03.06
485. In case of SME advances QMS forms have been simplified and Current ratio norms relaxed to: Ans. 1.25:1
486. Planning Commission of India was established in the year: Ans. 1950
487. Central Bank of the country was established on 1st April 1935 under the Reserve Bank of India Act 1934 on the recommendations of: Ans. Hilton - Young
Commission (1926)
488. 'PIN' in Smart Card is called: Ans. Personal Identification Number
489. The rupee exchange rate is currently linked with: Ans. Basket of currencies
490. To operate in India, Fils are required to apply to: Ans. SEBI
491. As per the Union budget the date for the implementation of a single goods and services tax, as per the Kelker Committee recommendations: Ans. 1st April
2010
492. Cash Budget method for working out bank finance was suggested by: Ans. Kannan Committee.
493. For financing sugar industry method is used: Ans. cash budget.
494. Maximum project cost under National Equity Fund: Ans. 50 lacs
495. Expand M I C R: Ans. Magnetic Ink Character Recognition
496. Export refinance is provided by: Ans. RBI
497. While granting advance against Life Insurance Policy, bank consider: Ans. surrender valu of the policy.
498. A cheque is dated before the date of presentation is: Ans. Ante dated cheque
499. New name of Vikas Volunteer Programme: Ans. Farmers Club
500. For availing finance from bank, whether registration as SSI is compulsory: Ans. No
501. A Credit Card can be called as: Ans. Plastic Money
502. The Stamp duty on a demand Bill of exchange of Rs 1000 is: Ans. Nil as no stamp duty is levied on demand bills
503. Network in same building: Ans. LAN
504. Crossing can be opened by: Ans. Drawer
505. Number of categories of Forex offices: Ans. 3 (Category A,B,C)
506. Signatures or photo taken on a computer for distribution to other computers through: Ans. Scanning
507. Bills of Exchange without any consideration: Ans. Accommodation Bill
508. Committee on Procedure and Performance Audit - S.S. Tarapore
509. Number of Public Sector Banks including SBI & Associates_: Ans. 28 (including lDBI Ltd)
510. Reason for turnaround of Indian Bank is: Ans. Customers loyalty.
511. Company issuing dividend to large number of shareholders will use facility of -ECS
512. In India's GDP, maximum share is contributed by the: Ans. Service sector
513. In India's GDP, the sector whose share is declining: Ans. Agriculture.
514. In which sector, Central Govt. has highest outlay: Ans. Railways
515. Maximum amount of FDI in private sector bank: Ans. 74%
516. Stock exchange with maximum business: Ans. Mumbai
517. Chhatrapati Shivaji Terminal at Mumbai has been included in: Ans. World Heritage list.
518. Web site address of a firm is called as: Ans. URL(Uniform Resource Locator)
519. Data encryption means: Ans. Converting data into machine language
520. The process of reporting by employees of banks to RBI directly any case of irregularities such as corruption, misuse of office, fraud or failure to comply with RBI rules is
called: Ans. Whistle Blowing




521. 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
522. Who was the Chairman of the Committee to recommend the frame work for fuller Capital Account Convertibility: Ans. S.S. Tarapore
523. The panel for Financial Inclusion is headed by: Ans. Dr. C. Rangarajan
524. Interest subsidy on farm credit has to be claimed by banks: Ans. on quarterly basis
525. Rajiv Gandhi Grameen Vidyut Yojna relates to: Ans. Electrification of rural area
526. For a VRS Retiree, what i.s the minimum age to invest in Senior Citizen Scheme 2004: Ans. 55 years
527. OLTAS stands for: Ans. Online Tax Accounting System
528. RIDF is maintained by: Ans. NABARD
529. Committee on Corporate Governance appointed by SEBI: Ans. Kumar Mangalam Birla
530. Tata Group has launched 'Tata Credit Card' in association with: Ans. State Bank of India
531. The book 'The Argumentative Indian' has been wntten by: Ans. Amartya Sen
532. Which state has received the largest number of formal approvals for establishing Special Economic Zones (SEZs): Ans. Maharashtra
533. As per the estimates released by CSO per Capita income of average Indian during 2008-09 is : Ans. Rs 37,490 per annum
534. Business @ The Speed of Thought has been written by: Ans. Bill Gates
535. For take over of loans from other banks : Ans. Only borrowal accounts in "Standard Category" having Credit Risk Rating ‘BB’ or better can be taken over from
other banks.
536. What is the cut off limit for MCB and LCBs? Ans: MCBs will handle proposals between Rs.5 crore and Rs.25 crore at places where LCBs are also located and loan
proposals of Rs.5 crore and above at places where LCBs are not located. LCBs will handle loan proposals above Rs. 25 crore.
537. All bank Officers of_ and above are subject to CVC junsdiction: Ans. Scale V
538. 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
539. 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
540. Validity of Income Tax refund order is: Ans. 3 month
541. As per World Trade Organization (WTO) farm subsidy is likely to be phased out completely by the year: Ans. 2013
542. The country on whose model Special Economic Zones have been introduced by India: Ans. China
543. What is R 123 agreement: Ans. R 123 agreement is a part of Indo-US Nuclear pact.
544. Which steel company was in news for acquiring 'Corus' a major Steel company in Germany: Ans. Tata Steel Ltd (Previously known as TISCO).
545. What is "Right to Information Act": Ans. It is a new law which gives the Indian citizen aright to seek and know information about public institutions.
546. The 11th Five year plan period is: Ans. From 1·04-2007- 2012.
547. What Is National Rural Employment scheme: Ans. Central Govt. scheme where the rural poor are guaranteed with atieast 100 days employment in a year.
548. A massive welfare programme announced by Central Government for building Rural Infrastructure, helping the rural poor: Ans. Bharat Nirman.
549. WTO talks failed due to which topic: Ans. US Farm Subsidies
550. Full form of RBIA: Ans. Risk Based Internal Audit
551. Computer print out is also referred to as: Ans. Hard copy
552. CMs/AGMs/DGMs/Circle Heads/GMs (HO) in case of borrowers with credit risk rating of ‘A’ & above may exercise loaning powers in case of ‘AAA’ & ‘AA’ rated
borrowers: Ans: In case of AAA and A rated borrowers 125% and in case of ‘A’ rated borrowers, 110% of their normal loaning powers
553. Form 15 (G) is applicable for citizens aged below___ years. Ans. 65 years
554. Value of wear and tear relating to Fixed Assets which is treated as non cash expenditure is known as: Ans. Depreciation
555. The Interest rate offered by a Debt Instrument such as a bond is known as ____ rate: Ans. Coupon rate
556. Method of Financing of Seasonal industries: Ans. Cash Budget method
557. Signature stored in computer with the help of: Ans. Scanner
558. India to host 2010 Common Weatth Games in _. New Delhi
559. Greenback currency: Ans. US Dollar
560. CRAR stands for: Ans. Capital to Rlsk·welghted Assets Ratio I Capital Adequacy
561. Registration of partnership firms is to be done with: Ans. Registrar of firms
562. Largest producer of Rubber: Ans. Kerala
563. HOI refers to: Ans. Human Development Index
564. Paper Gold refers to_.: Ans. Special Drawing Rights
565. NCDEX is refers to_: Ans. National Commodity and Derivative Exchange.
566. Standard and Poor is an _.: Ans. International rating agency
567. Blue revolution refers to: Ans. Fishery
568. Full form of SFMS _: Ans. Structured Financial Messaging System
569. India's first Offshore Banking Unit (OBU) was set up by SEEPZ in _: Ans. SBI, Mumbai
570. What is the name of new scheme for boosting exports of fruits, vegetables, flowers: Ans. Vithesh Krlshi Upaj Yojana ..
571. Which office will administer the affairs of foreign trade:? DFGT·
572. Who are honoured with 'Pravasi Bhartiya' award: Ans. NRl's I PIO
573. Maximum amount in Senior Citizen Scheme 2004: Ans. Rs 151akhs
574. 'Metropolitan' group includes all banked centres with population of __ and above: Ans. 10,00,000
575. The aggregate Exposure of a bank to capital markets in all forms (fund based and nonfund based) should not exceed ___ of its net worth, as on March 31 of previous
year: Ans. 40%
576. Risk weight on Exposure of banks to Commercial Real Estate has been reduced to: Ans. 100%
577. Banks may extend finance to employees (of other Corporates) for purchasing shares of their own companies under ESOP to the extent of ___ of the purchase price of
the shares or Rs. 20 lakh, whichever is lower: Ans. 90%




578. Committee set up for reviewing the provisions of the Armed Forces (special powers) act: Ans. Jeevan Ready Committee
579. Which country has demonstrated the military capability of destroying orbiting satellite: Ans. China
580. Which organization has launched project Guardian: Ans. Interpol
581. What is Mure Gen: Ans. Coal fueled zero emissions power plant
582. Sunita Williams has become the second woman of Indian Origin to venture into space. The first woman is: Ans. Kalpana Chawala
583. 'Golden Peacock' is associated with: Ans. Cinema
584. Nifty is a value Weighted index composed of how many scripts: Ans. 50
585. BSE SENSEX is a value Weighted index composed of how many scripts: Ans. 30
586. Which organization has decided to double its lending to India by 2008 in the areas of water, transport, energy and urban infrastructure: Ans. Asian
Development Bank
587. India with Bangladesh & Pakistan is set to host the Cricket World Cup final in: Ans. 2011
588. Football World Cup 2010 to be held in: Ans. South Africa
589. The private lending arm of the World Bank is: Ans. International Finance Corporation
590. Centre has increased the old age pension under the National social assistance programme from Rs. 75 to: Ans. Rs. 200 per month
591. Anglo-Dutch steel company has been acquired by Tata groups was: Ans. Corus Group
592. The maximum cap on foreign direct investment (FDI) in insurance sector is: Ans. 26%
593. 37th Chief Justice of India: Ans. K.G. Balakrishnan
594. Who became the first bowler to take 700 wickets in his test career: Ans. Shane Warne
595. In terms of literacy, the State which tops is: Ans. Kerala
596. The Technology Upgradation Fund Scheme is related to the: Ans. Textile Sector and Jute.
597. UN has declared the year 2009 as: Ans. National Fibre Year
598. Which is the city of Joy: Ans. KoIkatta
599. Where is Nathula Pass: Ans. Slkklm (Trade route between China & India)
600. Wal-Mart collaboration with Bharti is related to: : Ans. Retail
601. Hindi Divas is celebrated on: Ans. 14th September
602. What is Laksha: : Ans. Pilotless Aircraft
603. Reply in RTI Act must be given within: Ans. 30 days
604. 1% concession is given in interest rate in education loan if: Ans. interest is paid in moratorium period.
605. As per IBA's new model deposit policy the age of minor for opening saving bank account is: Ans. 10 years.
606. Keyboard, mouse, touch pad, are: Ans. Input devices of computer.
607. Current ratio of 0.85 implies: Ans. Negative Net Working Capital.
608. Cut-off point for referring Fraud cases to CBI, if the involvement of bank official is not suspected: Ans. Re. 1 crore and above.
609. A depositor who has opened his recurring deposit account on 10 day of a month can deposit the instalment: Ans. On any day during the month.
610. The Risk Weight for Housing Loan upto Rs 30 lacs against mortgage: Ans. 50%. ( Above Rs 30 lacs is 75%)
611. Repo transaction refers to: Ans. Injection of the liquidity by RBI under liquidity adjustment facility.
612. A 65 years older depositor requests not to deduct TDS at source on Form to be submitted: Ans. 15 H.
613. Commissioner of IPL removed after charges of Gross Irregularities: Ans. Lalit Modi
614. Negative Lien is a: Ans. declaration given by the company that the assets given for creating charge is owned by it and there is no charge of any bank on it.
615. The formula for calculating Break-Even Point in terms of units is = Fixed Costs IContribution
616. State Foreign Minister, who has to resign after his alleged involvement in IPL investments : Ans. Shashi Tharoor
617. The ceiling for referring cases for recovery of Lok Adalat is: Ans. Rs. 20 lacs.
618. The maximum amount of credit granted under Laghu Udayami Card Scheme is: Ans. Rs. 10 lacs.
619. Under Rain Water Harvesting Scheme for SC/ST farmers, the subsidy component is: Ans. 50%.
620. CDR is applicable in case of borrowers having multiple banking exposure of: Ans. Rs. 10 crore and above.
621. Service Area Approach is applicable to: Ans. Govt. Sponsored Scheme.
622. High Value Export refers to: Ans. Export amounting to Rs. 100 crore and above during last 1 year.
623. The rate at which currency is purchased is called: Ans. Bid rate
624. When RBI increases SLR: Ans. It leads to decrease in loanable resources of balance.
625. In the Joint Account, with operational mandate of 'either or survivor' income tax attachment order will apply to the balance to the extent of: Ans. 50%
626. Liquid surplus implies: Ans. Excess of Current Assets over the Current Liabilities.
627. Capitalization of Reserves implies: Ans. Using of reserves to issue bonus shares.
628. Balance of Trade refers to: Ans. net of value of exports and value of imports (merchandise account).
629. Income tax refund order is valid: : Ans. 3 months.
630. Head quarters of SWIFT is at: : Ans. Brussels.
631. _____ refers to conversion of money derived from illegal activities into assets that appear to have accrued from legitimate source: Ans. Money Laundering.
632. Certificate of Origin issued by: : Ans. Chamber of Commerce.
633. Revaluation reserve is not a part: Ans. of free reserves.
634. Depreciation @ of 33.33% on straight line method has to be charged on: Ans. computer.
635. Contribution refers to Sales minus: Ans. Variable cost.
636. TDR is not a: Ans. Negotiable instrument.
637. Standard and Poor is an: Ans. International rating agency.
638. Blue revolution refers to: Ans. Fishery.
639. 45-ZA to ZE of the Banking Regulation Act deals with: Ans. Nomination.




640. ADR stands for: Ans. American Depository Receipt.
641. Value Dating in Foreign Exchange refers to : Ans. Date of Credit of proceeds to correspondentaccount/Nostro.
642. Bankers Lien is a general lien is an: Ans. Implied Pledge
643. Under SARAFESI Act, banks are required to serve a notice to defaulting borrower ___days before taking possession of the assets: Ans. 60
644. LFAR means: Ans. Long Form Audit Report.
645. Debt Service Coverage Ratio (DSCR) is calculated to: Ans. assess the surplus generation capacity of the unit so as to fix the repayment schedule.
646. SFMS stands for: Ans. Structured Financial Messaging System.
647. Goodwill I Patent I Trademark: Ans. are intangible assets.
648. Yuan is the Currency of: : Ans. China.
649. DCB stands for: Ans. Demand Collection and Balance register.
650. Extemal Commercial Borrowings (ECBs) are part of: Ans. Capital Account transaction.
651. Self-Help Group scheme has been formulated on the basis of: Ans. Kalia Committee Recommendation.
652. Ghosh Committee recommendation, deals with: Ans. Frauds.
653. RBI has deregulated interest rates in all alcs except: Ans. SB Account.
654. A person appointed by the court for person's estate who died without a will is: : Ans. Administrator.
655. Nomination by an illiterate person is witnessed by: Ans. Two persons
656. Registration of charge with ROC for hypothecation on movable assets has to be done within: Ans. 30 days
657. Objective of CRISIL is rating of: Ans. Debt Instruments of Indian companies.
658. Debt Equity ratio is a: Ans. Solvency ratio .
659. India consumes: Ans. One fifth of world's Gold output.
660. Indian Railways: : Ans. largest railway network in the world under single management.
661. India has: : Ans. 3rd largest army in the world -1.5 million strong.
662. India has the highest producer and consumer of Tea accounting for: Ans. 30% of global production and 25% of global consumption.
663. India has more than 70000 bank branches, which is among the: Ans. 'highest in the world.
664. Govt. established Pension Fund Regulatory and Development Authority (PFRDA) which will issue licences: Ans. to Pension Fund Managers.
665. Who publishes FDI statistics in India - RBI and CSO
666. Scheme meant for food to families that fall in the limits of below poverty – Antyodaya Anna Yojana
667. Maru Gochar Yojana has been introduced in: : Ans. Rajasthan
668. Scheme which aims at elementary education: : Ans. Sarva Shiksha Abhiyan.
669. User participation in various watershed conservation projects : : Ans. Hariyalli.
670. 'SARAS' the first indigenously designed civilian aircraft light multi-role transport plane is developed by: Ans. National aerospace Laboratories, Bangalore.
671. National Train Enquiry System (NTES): Ans. Railway passengers can check the status of their trains on the Internet.
672. The winner of 3rd IPL finals are : Ans. Chenai Super Kings (Captain M.S.Dhoni). CSK defeated Mumbai Indians captained by Sachin Tendulkar.
673. Project Varuna: Ans. cloud seeding operation to bring artificial rains.
674. New name for Bombay Stock Exchange - BSE Ltd
675. Nodal agency which is to look into corporate, stock, bank and tax frauds and related economic offices - Serious Frauds Investigation Office (SFIO)
676. World's largest provider of financial information - Reuter Group.
677. Operation flood relates to: : Ans. Milk production
678. Cash crops group: : Ans. Cotton, Oil seeds, Ground·nut and Pulses
679. V.B. Reddy committee: : Ans. Small Savings
680. Committee that has looked into ways to reduce costs of demat operations· C.B. Bhave Committee
681. SPV (Special purpose Vehicle) mechanism is suggested for divestment of Govt.'s stake in Public Sector Unit
682. Take Out finance relates to: : Ans. Infrastructure loans
683. INFINET is: : Ans. RBI's VSAT based communications system
684. JPC Committee relates to: : Ans. Ketan Parekh Scam
685. In Camel's Rating 'E' stands for: : Ans. Earnings
686. Advance for Pisciculture is granted under segment: : Ans. Agriculture
687. Which country is the world's largest producer of sugarcane: : Ans. Brazil
688. Country which hosted Olympics 2008: : Ans. China
689. The office of USA defence services is in: : Ans. Pentagon
690. Which country has the largest insurance market: : Ans. USA
691. State / Union Territory Level banker's Committee (SLBC / UTLBC) convener banks in all States / Union Territories have been advised to identify at least one suitable
district in each state / U.T for achieving 100% 'financial inclusion' by providing? Ans. No frills Account, General purpose credit cards.
692. Under KYC guidelines the account of introducer should be atleast how many month old? Ans. 6 months old.
693. From which date BASEL II is to be implemented. And what are the pillars? Ans. Date 31 March 2008, Pillars are Minimum Capital requirement, Supervisory Review
and Market discipline.
694. What is the rate of TDS on rent more than rupees 1,20,000/- for individuals? Ans. 15.3%
695. Repatriation allowed from NRO account on account of proceed of immoveable property upto the maximum amount of? Ans. USD 1 million
696. Maximum time period available to the banker for the scrutiny of LC documents is?Ans. Five working days.
697. How many permitted currencies are there in FCNR accounts?Ans. 5 currencies (latest Addition CAD, AUD) Rests are USD, Pound, Euro.
698. XOS relates to?Ans. Overdue export bill statement.
699. For how long the NPA should be there in the books of the selling bank? Ans. 24 months.
700. Period for reply to customer's objections under SARFAESI? Ans. 7 days.




701. Minimum time period of notice required for the sale of immoveable property under SARFAESI? Ans. 30 days.
702. What is Firewall? Ans. Protection from intrusion by hackers.
703. Define cheque Truncation? Ans. Replacing physical cheque with electronic image.
704. Under RTGS in how many days customer gets credit? Ans. Same day.
705. Under KYC guidelines reporting/monitoring is compulsory for the transaction of Rs .? Ans. 10 lacs & more.
706. What is the penalty for the violation of Section 269 under IT Act 1961 (Cash payment of term deposit of more than Rs 20,000/-? Ans. Penalty equivalent to
amount of default and/or imprisonment of one year.
707. What is the Cut of limit where banks can give differential rate of interest? Ans. Rs. 15,00,000/-.
708. Exposure norms for single borrower without taking to the extra 5% for infrastructure? Ans. 15%
709. Exposure norms for group borrower without taking to the extra 5%? Ans. 40%
710. What is the penalty in right to information Act? Ans. Rs. 250/- per day maximum 25,000/-.
711. Medium Enterprise? Ans. Investment in plant and machinery above 5 crore to 10 crore.
712. Payee of the cheque refuses to sign at the bank of the cheque, what will you do? Ans. Takes stamped receipt.
713. Hypothecation is defined in which Act? Ans. SARFAESI Act (Section 2-9)
714. TDS on deposit is to be remitted latest by? Ans. 7th of next month.
715. Wage revision of Bank employees signed on 27th April 2010 is ____th BP settlement and is applicable from_____? Ans. 9th, 1st Nov 2007
716. In which account more than one nomination can be accepted? Ans. In locker accounts under joint operation.
717. How much amount of foreign currency one is permitted to keep? Ans. USD 2000.
718. For tourism/private visit to foreign country. What is the maximum amount permitted? Ans. USD 10,000.
719. Under Liberalized Remittance Scheme what is the maximum amount permitted per calendar year? Ans. USD 50,000 . per financial year
720. Upto, which account form A2, is not required? Ans. USD 5,000.
721. Under SARFAESI, the minimum-qualifying amount is? Ans. Rs. 1 lac.
722. Crystallization of Export bill is done after how many days of notional transit period? Ans. 30 Days.
723. What shall be the applicable rate, while crystallizing the export bill? Ans. T.T. buying rate.
724. Perpetual Bond is considered to be part of Tier I, Why? Ans. Because it has no maturity date and in the form of equity.
725. When Hindi Divas is celebrated? Ans. 14th September
726. Safe deposit of Articles is defined under which Act? Ans. Indian Contract Act.
727. What is the minimum and maximum time period of FCNR deposits? Ans. Minimum one-year maximum five years.
728. Service Tax is to be deposited latest by? Ans. 5th of next month.
729. Director of company dies cheque signed by him is presented in clearing? Ans. Cheque will be passed.
730. Base currency is appreciating and bank is in over sold position. What is the effect on the profitability on the bank? Ans. Bank will incur loss.
731. Forged notes tendered by customers. What the bank should do? Ans. Impound the note after giving receipt.
732. When RBI applies reverse Repo Operations? Ans. To bring down the liquidity in the system.
733. The base currency is depreciating and the banker is in over bought position. What will be the effect on profitability? Ans. Bank insures loss.
734. Under which Act Lok Adalat is formed? Ans. Legal Services Authority Act 1987.
735. An NRI can open a joint account with resident individual in which account? Ans. NRO account.
736. Frauds are to be reported to the Police if it is less then? Ans. Rs. 1 crore.
737. Validity of the cheque is six months. It is defined under which Act? Ans. It's not defined under any Act.
738. Who can stop payment the draft? Ans. No one, it is the value paid instrument.
739. Where the registration of modgage is done? Ans. The property is located.
740. A & B having account appoints X as agent. Be dies next day, cheque signed by X is presented in clearings? Ans. Cheque will be returned.
741. What is the minimum and maximum SLR? Ans. 0% & no limit
742. Foreign bank having rupee account in India - for the Indian bank this account is? Ans. Vostro account
743. Under which charge the position and owner ship remains with hypothecator? Ans. Hypothecation.
744. Who decides the exchange rates in India? Ans. Demand & Supply.
745. The pensioner is required to submit life certificate every year in the month of? Ans. November.
746. As per RBI, which is, miss match bank note? Ans. Joining of two different notes.
747. Maximum amount for Lok Adalat? Ans. Rs. 20 lacs.
748. Minimum Notice Period for possession under SARFAESI Act? Ans. 60 Days.
749. What is the minimum age of minor for opening the Self Operated SB account? Ans. 10 years.
750. CDR - What is the amount of eligible loan? Ans. Rs. 10 crores & more.
751. To Ombudsman - Complaint can be made from date of cause of action upto the maximum period of? Ans. One year.
752. What is the paid up capital of ARC? Ans. Min. of Rs. 100 crore or 15% of assets acquired which ever is more.
753. Is right of set off is available between 2 banks? Ans. No, with in the bank of at all branches, no other banks.
754. In case of pledge, the bailer is called - pawner and the bailee is called? Ans. Pawnee
755. SB interest rate is fix by whom? Ans. RBI
756. Fixed deposit rates are decided by whom? Ans. By banks themselves.
757. What is the minimum and maximum time period for term deposits? Ans. 7 days to 10 years.(Normally)
758. For appeal against DRT decision to DRAT, how much amount to be deposited? Ans. 50 % of outstanding.
759. If a charge is not filed by a company within 30 days from the date of execution of documents. Can it be filed or not? Ans. It can be filed with the consent of ROC
for the next 30 days.
760. As per present norms frauds are to be reported to RBI within? Ans. Three weeks from the date of detection.
761. What is present repo rate and reverse repo rate? Ans. 4.75% and 3.25% (RBI annual policy dated 21.04.09).




762. What kind of charges is not required to be registered under Section 125 of companies Act? Ans. Pledge and lien.
763. What is the target fixed by RBI for advances to women? Ans. 5% of their net bank credit.
764. What is the maximum amount of deposit under Senior Citizens deposit scheme? Ans. Rs. 15 lacs.
765. SLR is defined under which Act. Ans. Section 24 of BR Act.
766. Who issues garnishee order? Ans. Civil court.
767. Certificated of deposit & Commercial Papers can be issued minimum for how many days. Ans. 7 days.
768. Stamp duty of Rs. 1 on cash receipt is to be paid if the amount is. Ans. More than Rs.5, 000/-.
769. PAN has how many digits. Ans. 10
770. What is the maximum period upto which the consumer can approach consumer court. Ans. Maximum 2 years from the date of cause of action.
771. Banks under which Act maintain CRR. Ans. RBI act Section 42 and section 18 of BR Act (for non-schedule commercial Banks).
772. In which crossing the transferee does not get better title? Ans. Not Negotiable.
773. What is meant by leverage ratio? Ans. Capacity to borrow on the basis of owned funds.
774. Nomination facility is not available in which type of joints accounts? Ans. Safe custody.
775. What is the minimum time period for opening NRE term deposit account? Ans. 1 year.
776. Upto what population a place will be categorized rural area? Ans. Less than 10,000/-
777. Amounts in words and figures differ which is to be paid and under which section? Ans. Amount in words to be paid under section 18 of NI Act.
778. What is the periodicity of payment of interest on saving bank account? Ans. Half yearly.
779. w.e.f. 1st July 2010 BPLR will be replaced with ? Ans. Base rate
780. What is the rate of stamp duty payment on usance bill of exchange? Ans. Ad-Val Orem - according to usance period and amount.
781. w.e.f. 1st April in which type of deposit accounts, the procedure of interest calculation has been changed? Ans. Saving bank accounts (It will be calculated on daily
balance basis)
782. What is the age of Senior Citizen as per IBA? Ans. 60 years and above.
783. Relationship of banker and customer in case of locker is? Ans. Landlord - Tenant.
784. Discounting of Export bill by a banker results in inflow or out flow of foreign exchange? Ans. Inflow of foreign exchange.
785. Maximum amount for Arbitration by Ombudsman? Ans. Rs. 10 lacs.
786. Where the customer is defined? Ans. Under KYC guidelines of RBI.
787. Customer day is observed in branches on which date? Ans. 15th of each month.
788. R Returns sent by banks to RBI relates to? Ans. Transaction in foreign exchange.
789. Borrowing by RBI under liquidity adjustment is defined as? Ans. Reverse Repo - Sale of securities.
790. If there is a shortage of cash to be closed, which account to be debited? Ans. Protested account.
791. Validity of gold card for exporters is? Ans. 3 years.
792. What is the validity of import license and who is the issuing authority? Ans. 18 months & DGFT (Director General of Foreign Trade).
793. Which type of crossing is not defined under any act? Ans. A/c Payee crossing.
794. Which types of customers cannot open current account? Ans. Illiterate & minor.
795. Who is the governor of RBI? Ans. Dr D Subba Rao
796. Who is the Chairman of 12th Finance Commission? Ans. Dr. C. Rangrajan
797. What can be maximum number of partners in a firm other than banking business? Ans. 20
798. CRR is to be maintained by banks on which factors? Ans. Net demand and time liabilities.
799. Indian Stamp Act and limitation Act is applicable to which states of India? Ans. Whole of India accept J&K.
800. May I help you? Enquiry counter should be established in branches. What should be the minimum staff strength? Ans. 25
801. High value clearing is called for which amount? Ans. Rs. 1 lac and more.
802. Bridge loan is sanctioned for a maximum period of? Ans. 12 months.
803. Raj Bhasha Divas is celebrated on ? Ans. 14 September
804. Exposure norms for groups, other than infrastructure projects as defined by RBI is? Ans. 40%
805. For vetting of documents the threshold limit of credit facility is? Ans. Rs. 2 crores
806. Cash budget system is applicable to which crops? Ans. Sugar, Tea, Film & Services
807. Under CDR system the minimum outstanding of credit facilities from all the banks should be? Ans. 10 crores
808. Cut of limit for definition of will full defaulter as per RBI is? Ans. 25 lacs
809. What is the cap in investment on foreign direct investment in Private Sector Banks in India? Ans. 74%
810. What is the maximum amount a foreign bank can invest in the capital of Banking Subsidiary in India? Ans. 100%
811. What is the minimum bid size for entering Repo / reverse Repo? Ans. Rs. 5 crore & in multiple of 5 cores
812. What are MSS (Money Settlement System) instruments? Ans. The Treasury and Securities.
813. RBI has constituted and Advisory Committee on flow of credit to Agriculture is headed by? Ans. Prof. V.S. Vyas.
814. Public Holidays under NI are declared under which Saction? Ans. Section 25 of NI Act.
815. Protesting is associated with? Ans. Bill of exchange.
816. What is the due date of bill following due on a holiday? Ans. Next preceding day.
817. Inchoate Instruments means an instrument, which is? Ans. Incomplete
818. What is the time available for acceptance of bill? Ans. 48 hours
819. Where rate of interest is not mentioned in bill of exchange? Than what will be the rate of interest? Ans. 18%
820. A cheque bears special crossing in favour of two banks how such a cheque can be paid? Ans. Only if one bank is acting as agent of the other bank.
821. What is the maximum penalty to be imposed under NI Act for bouncing of cheques? Ans. Two years and/or double the amount of cheque under section 138 of
NI Act
822. Customer is defined under which act? Ans. under KYC norms.




823. Garnishee order is received in the name of one of the joint account holders. What will you do as a banker? Ans. It will not apply to the joint account.
824. In which of the account no nomination is permitted? Ans. Joint safe custody.
825. Photographs in the account should be replaced after how many years? Ans. 3 years.
826. Can bank exercise right to setoff after the receipt of garnishee order? Ans. Yes it can exercise for existing debts before acting on the orders.
827. After the death of a Karta in HUF there are two minor sons and mother. Who will the next Karta? Ans. Mother, on behalf of minor sons
828. Trust is formulated under which Act? Ans. Indian Trust Act 1882.
829. What are demand deposits? Ans. Saving Fund, Current Account & overdue term deposits.
830. What are time deposits? Ans. Term deposits and recurring deposits?
831. What is the penalty for pre-mature cancellation of term deposit? Ans. 2% for maturity of < 5 years, 1% for > 5 years.
832. What is the objective of Prevention of Money Laundering Act 2002? Ans. To check the proceeds of crimes are converted into white money thorough a series of
financial transactions.
833. Under KYC norms, what is the maximum periods upto, which the records are to be preserved? Ans. 20 years
834. What is the periodicity of reporting of cash transactions of Rs. 10 lac and more to controlling office? Ans. Fortnightly basis.
835. What are the charges for RTGS for Rs. 1.00 lac to Rs. 5.00 lac Ans. Rs. 25
836. What are the charges for non-maintenace of QAB in PNB Smart Roamer Account Ans. Rs. 825/- per quarter
837. What is the minimum and maximum amount under multi-benefit-deposit scheme? Ans. Rs. 1,000/- and no limit.
838. What is the minimum amount under flexi-fixed deposit scheme? Ans. Rs. 1 lac
839. What is the minimum and maximum period of deposit under flexi-fixed deposit scheme? Ans. 3 years & 10 years.
840. What is the minimum amount of monthly installment under Recurring Deposit Scheme? Ans. Rs. 100 & more in multiples thereof.
841. What is the minimum & maximum periods under Recurring Deposit Scheme? Ans. 6 months to 120 months in multiples of 3 months.
842. What is the minimum & maximum amount under the scheme Flexi RD Scheme? Ans. Rs. 100 or 10 times of core amount.
843. What is amount upto which a Demand Draft is signed with single signature. Ans. Less than Rs. 25,000/-
844. What are the charges for NEFT upto Rs. 1.00 lac Ans. Rs. 5/- per transaction
845. Whether recovery of EMIs in Housing Loan can be considered through ECS/Standing Instructions ? Ans. Recovery/repayment of EMIs in housing loan accounts may
also be considered through ECS/standing instruction mandate of the customers for debiting their accounts. Wherever ECS/Standing Instructions are obtained, 2-3 PDCs are
to be procured/ maintained by the branches/Retail asset branches to keep remedy alive under Section-138 of Negotiable Instruments Act.
846. PNB has insurance tie up with which company? Ans. Oriental Insurance Company.

847. What is the Minimum Deposit amount for Spectrum FD in PNB? Ans. Minimum deposit under Spectrum FDR has been reduced from Rs 1000/- to Rs 100/- as
initial deposit and thereafter in multiples of Rupee one (Re.1/-).
848. What is the minimum deposit amount in FD to avail overdraft facility? Ans. Rs.10000/-.
849. Who are premium saving Fund account customers? Ans. Customer who maintained minimum QAB of Rs. 50,000/- at CBS branches.
850. What is the maximum numbers of withdrawals permitted in SB accounts? Ans. 50 withdrawals every half-year.
851. What is the maximum number of operations in a locker is allowed in a year? Ans. 36 operations in a year.
852. What are the charges if number of operations in locker exceeds 24 in a year? Ans. Rs. 50 per operation exceeding 36.
853. What is the amount of overdraft in Total Freedom Salary Account? Ans. Rs. 30000/- or the last salary credited whichever is lower.
854. What is the minimum balance required to open the account under Saving Fund Salary Account? Ans. 0
855. What is the minimum number of accounts of the strength of the employer to open the account under this scheme? Ans. The minimum number of account
should be 10 or 75 % of the strength of the permanent employees of the corporate.
856. What is the minimum amount required to open Student Saving Fund Account? Ans. 0
857. What is the amount of overdraft facility given to students under the said scheme? Ans. Maximum Rs. 5,000/-, can be enhanced to Rs. 10,000/- in second year
provided OD facility should be into credit once in three months.
858. What is the minimum amount required to open the account under Auto - Sweep Account for Govt. Deposits? Ans. Rs. 1 lac
859. What is the cut off amount over which the interest will be given? Ans. Rs. 5 lacs
860. Simultaneous sale & purchase of currency at two different places. What is the name of this term? Ans. Swap
861. Define Arbitrage? Ans. To take the advantage of quoting of different rates in different markets.
862. An NRI is defined as a person who is not residing in India for more than how many days during the course of preceding financial year? Ans. 182 Days
863. Define Overseas Corporate Bodies? Ans. Companies and other corporate bodies which are owned to the extent of at least 60% by individuals of Indian
Nationality.
864. When Fema (Foreign Exchange Management Act) came into effect? Ans. 1st June, 2000
865. Non Resident Indian is defined under which Act? Ans. Not defined anywhere.
866. Unused foreign currency & traveler's cheques are to be surrendered within how many days of return? Ans. Currency notes within 90 days and TC's within 180
days of return.
867. A dealer has over sold position of USD. In the mean time INR has become stronger in relation to USD. What will be the impact on Dealer? Ans. Gainer
868. What is the status of the students went abroad for studies? Ans. Non Resident Indian
869. The maximum percentage of foreign exchange, which can be retained in EEFC account? Ans. 100%
870. The expiry date of an LC falls on 26th Jan a public holiday. Its due date will be? Ans. 25th January
871. Under UCPDC a norm the maximum variation in amount & quantity is allowed is? Ans. 10% of amount & 5% of quantity.
872. An LC has been received in favor of exporter, which allows exporter advance at reshipment stage and also for warehouse facility. What is the classification of this LC?
Ans. Green clause letter of credit
873. Transferable LC can be transferred how many times? Ans. Once only
874. Exporter can realize exports proceeds within a maximum period of? Ans. 180 days
875. There is an outflow of foreign currency & the nostro account of the bank is debited. Will it be a purchase or sale transaction? Ans. Sale transaction
876. An importer approaches the bank to retire an import bill. What rates will be applied? Ans. Bill selling rates.




877. Within how many days of shipment, bill of lading should be submitted? Ans. 21 days
878. Every banking company to create reserve fund and 20% of its profits should be transferred to this fund before any dividend is declared? This is defining under which
Act? Ans. Section 17 (1) of Banking Regulation Act
879. An endorser of a negotiable instrument by express words excludes his liability. Which type of endorsement of this? Ans. Sans Recourse Endorsement
880. Appeal against the judgment by the Banking ombudsman can be made within how many days of the receipt of the award? Ans. 45 Days
881. Draft payable imperest entries should not outstand for how many days? Ans. 30 Days
882. What is the rate of interest for payment of interest of delayed collection of cheques/bills? Ans. In loan accounts BPLR, in other accounts FD rate applicable to the
delayed period in case delay in more than 90 days, it would be 2% above FD rate and in case of bills it is 2% above SF rates.
883. What is the penalty on pre-mature cancellation of an FDR? Ans. 1%. The rate payable will be the contractual or rate applicable for the period for which FDR has
run, whichever is lower.
884. Define special mention asset? Ans. Where the installment is overdue for more than 30 days.
885. Risk weight on bank exposure on real estate is : Ans. . 100 %
886. The main enentity of SFMS system is Ans. Hub & gateway & branch servers
887. SFMS is a system used in a bank for which purpose Ans. Electronics data interchange
888. In SFMS copies of sent and received massage are stored at Ans. Off line servers
889. Full form of TCP is Ans. Transmission control protocol
890. What is the full form of IP Ans. Internet protocol
891. The unrecognized inter branch entry which are six month old bank has to make how much provision Ans. 100 %
892. Bank cash transaction tax payable by a partnership firm on cash withdrawl from bank a/c, except SB A/c, the limit of withdrawal is Ans. More than Rs one lac.
893. Digital signature means Ans. Encrypted signature of sender
894. In fraud cases where Banks do not report to RBI, they can be penalized by RBI under which act Ans. Sec. 47 of BR act
895. The foreign born spouse of a NRI will be given which status as per FEMA Ans. PIO
896. If USD is being quoted at a discount for one month future transaction, how will this effect on importer? Ans. Importer will be benefited
897. Under UCPDC, if Quantity is mentioned as app., a tolerance lavel is allowed up to? Ans. 5 %
898. National knowledge commission is headed by whom Ans. Mr. Same Pitroda
899. The committee appointed by RBI for examining whether rupee can be made fully convertible is headed by Ans. S.S.Tarapore
900. What is the maximum cap on FCNR-B interest rates Ans. The interest rate should not exceed LIBOR/SWAP plus 100 basis points.
901. Can a minor be admitted as a partner in partnership firm Ans. Minor can admitted only for the benefits of the firm .His liability is limited to his share in the firm
902. Should minor sign in the a/c opening form of parternership firm in which he is a parter? Ans. No, Minor or his guardian need not signed AOF
903. In case of dissolution of a firm what should a banker do when a/c is in debit? Ans. Bank should stop operations to avoid application of rule in claytons case
904. Pvt. Ltd. Co. is not having certificate of commencement of business. How the a/c can be opened. Ans. Certificate of commencement of business is not required in
case of joint stock Co.
905. What is the document required to opened the a/c of joint stock co. Ans. Copy of memorandum of association, articles of association, certificate of incorporation
and resolution from board of director.
906. Garnishee order is not applicable in which cases Ans. Cheques sent for collection /uncleared effect, amount deposed after the order is received, debt due or
accruing due (FD), items in safe custody
907. How many No. of sections are there in NI ACT Ans. 147
908. Can minor draw, endorse or negotiate a negotiable instrument. Ans. Yes, so as to bind all parties except him self.
909. Income tax attachment orders for Rs. 10000/- is received on the a/c the balance of which is Rs 5000/-. Subsequently Rs. 20000 /-is deposited. How much amt. is
available for attachment. Ans. Rs.25000/-
910. In case of death of Muslim customer, claim will be settled under which acts. Ans. Personal law
911. Up to which amt. succession certificate is not to be insisted upon. Ans. Succession certificate required only if, dispute among the legal heirs
912. Is the authorized person allowed to operate the locker after the death of the hirer? Ans. No.
913. The locker is hired in the names of two persons, operated jointly. How many max. No. of Nominees can be there. Ans. Two
914. Preservation of bank records is governed under which Act? Ans. Section 45 -Y-BR Act.
915. In the joint a/c under E/S, income tax attachment order will apply to the balance up to which extent ? Ans. 50 percent
916. Book debts are charged by way of ? Ans. Assignment
917. The registration of partnership firm is to be done with ? Ans. Registrar of firms
918. What is the periodicity of submission of R returns ? Ans. Fortnightly basis
919. What is the man objective of KYC norms? Ans. To ensure that banking channel is not used for conversion of illegal funds into legal funds.
920. One of the trustees of a Trust maintaining an account with our bank is adjudged as insolvent .A cheque signed by him was presented through clearing after you
received the notice of insolvency of the trustee. What will you do? Ans. The cheque will be paid.
921. Documents of title to goods are transferable by which way? Ans. Endorsement and delivery
922. In a foreign exchange transaction a right but not the obligation to buy or sell is called? Ans. Option.
923. Mr. tejpal singh a sole proprietor of M/s impex pvt. Ltd. an exporter he seeks guidance as to which type of LC he should insist which will assure him that some
preshipment advance is made available at the instance of importer? Ans. Red clause LC.
924. Not -Negotiable crossing is a caution to whom? Ans. Endorsee
925. Deposit accounts which have not been operated for more than 10 year are called which type of a/c's Ans. Unclaimed deposits
926. Return of unclaimed deposits is required to be submitted to RBI under which act:? Ans. Sec. 26 of Banking Regulation act.
927. Rohit and Mohit are two minors and want to open self operated joint accounts and both have completed the age of 10 years and are literate? Ans. Yes, Account
can be opened with joint operation.
928. A state bill of lading is one- Ans. Which is overdue for more than 180 days.
929. What is Banker's lien? Ans. An implied pledge




930. For importer, a contract of insurance is a contract of? Ans. Indemnity,
931. Import license indicates: Ans. CIF value of imports
932. What is the "Foreclosure"? Ans. To stop the borrower to sell the mortgaged properly.
933. Stamp duty on which document does not vary from state to state? Ans. Bills of Exchange
934. An NRI approaches your branch to open public provident fund account (PPF) you will ? Ans. PPF account cannot be opened in the name of NRI
935. What is the minimum and maximum amt. of dep. in PPF a/c per annum Ans. Rs500, Rs 70000
936. If guarantor adjusts the loan in full and final. The right of the guarantor to step in the shoes of creditor upon full payment of debt is called the right of? Ans.
Subrogation
937. Special Purpose Vehicle (SPV) mechanism is suggested in the budget for development of? Ans. Infrastructure
938. Banking services delivered to a customer by means of a computer control system that does not directly involve usual banks branch is called? Ans. Virtual Banking
939. For banks to undertake Insurance business, what should be the networth of the bank? Ans. Rs. 300 crores
940. As per Goiporia committee, dishonored cheque should be returned to the party with in how much time? Ans. 24 hours
941. Time limit for Interbank Forex market has been extended recently up to? Ans. 5 p.m.
942. The aggregate Capital market exposure of banks should not exceed. What percentage of their network? Ans. 40 %
943. The maximum extent of FDI permissible in public sector bank is? Ans. 26%
944. Equitable mortgage was created by deposit of title deeds on 01.06.2 Subsequently Registered Mortgage was executed on 02.06.2 Which mortgage will have
priority? Ans. Equitable Mortgage
945. Clean Note Policy is governed under which Act? Ans. BR Act (Section 35A)
946. Who governs Letter of Credit? Ans. International Chamber of Commerce (Paris)
947. What is the minimum period of Recurring Account? Ans. 6 months.
948. In FCNR A/c, the exchange risk is borne by whom? Ans. By depositor himself.
949. An export bill has been sent in collection in which a/c the proceeds can be placed by an exporter after realization? Ans. EEFC
950. What is the maximum period upto, which Treasury Bills can be issued? Ans. 364 days
951. By adding a confirmation, the confirming bank undertakes the liability similar to the? Ans. Issuing Bank
952. Eligible Interest rate on CRR balance is? Ans. No interest paid
953. What is the validity period of traveler's cheques? Ans. No limit until the payment is made.
954. Under the roadmap for presence of foreign banks in India, the aggregate foreign Investment from all sources has been allowed upto a maximum of _____% of the paid
up capital while the resident Indian holding of capital has to be at least ____%. Ans. 74, 26
955. Articles left in safe custody can be delivered on the basis of succession certificate or not? Ans. Not
956. Whether loan can be given to a power of attorney holder in case of NRE deposits? Ans. Yes
957. Which entities are not eligible under KYC norms? Ans. PARTNERSHIP, PVT LTD, HUF, JOINT VENTURE
958. Diamond dollar account (DDA) scheme is available for companies dealing in purchase & sale of rough / cut diamond. What is the criteria? Ans. Company should
have good track record of ateast 3 years in business of diamonds and annual turnover of atleast Rs. 5 Crores & above in preceding three licensing year.
959. DICGC deposit cover max. amount of? Ans. Rs. 1 lac
960. 1 Kilobytes is equal to how many bytes? Ans. 1024 bytes
961. What is the validity of Income Tax refund order? Ans. I.T. Order is valid for 3 months.
962. How many witnesses are required for nomination by an illiterate person? Ans. 2 persons
963. Mulberry loan is given to? Ans. Sericulture
964. Silviculture relates to? Ans. Trees
965. After joining 10 new members in the EURO, what is the total number of members in the EURO? Ans. 25 members
966. Paper Gold relates to? Ans. Special Drawing Rights
967. DCB register is prepared on? Ans. 30th June
968. Pensions Accounts can be opened in Joint names or not? Ans. Yes, they can be opened in the Joint names of the pensioner and his/her spouse.
969. Cash in currency chest is held by the bank in what capacity? Ans. As an agent
970. KYC Norms are not applicable to account of? Ans. Companies
971. Transaction in a newly operated accounts are to be kept under close watch at least for a period of? Ans. 3 months
972. What will be the status of the nominee after the death of depositor? Ans. Turstee for legal heirs
973. What is the periodicity of holding the official language committee meating? Ans. Quaterly
974. Frauds of Rs. 1 lac & above should be reported to RBI within 3 weeks from the date of detection of Fraud. What is the Form for reporting? Ans. FMR 1
975. One of the partners stops payment of a cheque, can other partner revoke the stop payment? Ans. No, Signatures of all partners will be required to revoke stop
payment.
976. What is the time limit for customer related transactions in RTGS? Ans. Upto 4.30 p.m.
977. Is Airway bill a title of goods? Ans. No
978. What is the New name of Vikas Voluntary Vahini? Ans. Farmers Club
979. What is the maximum interest payable on FCNR(B) accounts? Ans. Same as LIBOR / SWAP of corresponding maturity+ 100 basis points.
980. What is the maximum interest payable on NRE (SF) and NRE (Term Deposit) accounts? Ans. Same as applicable to domestic saving accounts & LIBOR / SWAP +
175 basis points.
981. After how many years articles found in the locker room should be handed over the Police, if owner does not turnup? Ans. 3 years
982. What are the guidelines for payment of overdue interest? Ans. If the overdue period is less than 1 year, overdue interest will be paid @3.5% for overdue period tand
the applicable rate for the period for which FDR is renewed. But, the interest allowed on the overdue deposit shall be at the rate of 5% per annum (quarterly
compounded), if the overdue period of FDR is more than one year and deposit is further renewed atleast for a period equal to the period for which the FDR remained
overdue OR for five years, whichever is lower and is payable only on the amount of the deposit so renewed i.e. 5% for the overdue period and applicable rate of interest
for the further period for which it is renewed.




983. Foreign tourist on temparary visit in India can open which type of account? Ans. NRO Account
984. What is the maximum amount of cash that can be remitted on foot? Ans. Rs. 1 lac if distance is short.
985. A promissory note executed out of India and stamped at the time of execution with the proper Indian stamps is subsequently brought to India first holder will have
to be stamped again within? Ans. 3 months
986. What is the maximum period for issue of notice by the payee to the drawer for bouncing of cheque under NI, Act? Ans. 30 days
987. Whether cheque can be issued to an illiterate and blind customers? Ans. Yes, cheque book can be issued.
988. What is the TDS rate applicable to interest on NRO account? Ans. 33.99%
989. Exporter who wants to avail export credit, the quantum of credit will be determined on the basis of? Ans. FOB value
990. ABC Bank has its Head Office in Delhi. It has branches in India. Srilanka and Dubai. For the purpose of application of UCPDC 500, the branches in different countries
shall deemed to be? Ans. Branches of banks in different countries are considered another bank.
991. Power of attorney or mandate in favour of Minor for locker operation is permited or not? Ans. Permitted
992. Which bank is celebrating 75 years of his excellence? Ans. Reserve Bank
993. Among all nationalised banks, which bank has topped in Global Deposit? Ans. PNB
994. What is Bandwidth? Ans. The rated throughput capacity of a given network protocol or medium.
995. What is byte? Ans. A set of bits (usually 8 bits) that Operate as a unit to signify a character.
996. What is BIT? Ans. Stands for Binary digit. Smallest unit of information recognised by a computer. All digital information is composed of bits.
997. What is FTP? Ans. A protocol that provides for the Transfer of files between two systems. FTP is part of the TCP/IP Protocol suite.
998. Define Gateway? Ans. A hardware or software solution that enables communications between two dissimilar networking Systems or protocols. A gateway can
operate at any layer of the OSI Model.
999. What is Binary Code? Ans. A method of representing information the code defines that the electrical impulses that become computer information (data and
programmes) exist in either one of two states. It is either "on" or "off". The "on" state can be represented by a mark or a "1". The "off" state can be represented by a
"space" or a "O"(Zero).
1000. Explain Buffer? Ans. A storage area in RAM where a computer temporarily places data that is being transferred from one device to another (usually during
input / output operation).The plan used to ensure proper functioning or contiuity of business of a branch in case of failures is Business Continuity Plan. Failures can be
Hardware failure, Software Failure, Link failure etc.
1001. Define Business Continuity Plan? Ans. The plan used to ensure proper functioning or continuity of business of a branch in case of failures is Business Continuity
Plan. Failures can be Hardware failure, Software Failure, Link failure etc.










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