Banking Awareness Questions with Answers, 2013

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BANKING AWARENESS
QUESTIONS WITH
ANSWERS, 2013

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Job alerts regarding all the government and private jobs easily.

1. External credit rating agencies as approved by the RBI

Answer: CRISIL, ICRA, CARE and FITCH India.
2. What is full form of CRISIL
Answer: Credit Rating Information Services of India Limited
3. Approach has been adopted by PNB for Credit Risk
Answer: Standardized Approach w.e.f. 31.3.08.
4. Risk weight on Regulatory Retail Portfolio:
Answer: 75%
5. Advances have been covered under Thrust Area of Retail segment for 2009-10
Answer: Housing Loans, Education Loans, Auto Loans, Loans to Pensioners, Reverse Mortgage Loan Scheme,
Loans to Traders
6. Retail exposure means
Answer: Maximum aggregated retail exposure to one counterpart should not exceed the threshold limit of
Rs.5 crore.
7. What is meant by Productive Sector
Answer: Agriculture, export credit, SME, Infrastructure, Service sector
8. Benchmark PLR (BPLR) of PNB
Answer: 11.00% w.e.f. 01.05.2009.

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9. The terms Credit Exposures includes

Answer: Funded and non-funded credit limits
10. What is meant by substantial exposure
Answer: Single borrowers enjoying credit facilities in excess of a threshold limit of 10% of capital funds of a
Bank
11. Unsecured Exposure Ceiling
Answer: Not exceeding 25% of the total outstanding advances.
12. Advances to individuals against security of shares and debentures
Answer: Rs. 10 lakh against physical shares and Rs.20 lakh against dematerialised shares.
13. Credit Scoring Models in retail segment
Answer: PNB Score.
14. Valuation when the property is Rs.50 crore & above
Answer: done from two valuers on the Banks approved panel.
15. Working capital assessment under Nayak Committee:
Answer: WC requirements of Rs. 5.00 crore for SME and Rs. 2.00 crore for Traders.
16. Cash Budget System for MPBF is followed in:
Answer: Sugar, Tea, Service Sector, construction activity, Film Production.
17. Ceiling on Term Loans as per ALM:
Answer: Term loans repayable above 5 years shall not exceed 50% of the term deposits with remaining
maturity period of above 5 years.
18. Vetting of Loan Documents:
Answer: Rs. 2 crore & above
19. Cut off limit for submission of Legal Compliance Certificate:
Answer: Rs.10 lakh & above
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20. Preventive Monitoring System (PMS) is applicable on:

Answer: Sanctioned limits (FB plus NFB) above Rs. 1 crore.
21. Name of PMS package:
Answer: PNB Rakshak.
22. Stock Audit is done in:
Answer: Fund Based working capital limits of Rs.5 crore and above (Rs. 1 cr with rating B and below)
23. Monitoring of Weak/Irregular Accounts by Head Office:
Answer: Above Rs.10 lac on monthly basis.
24. Corporate Debt Restructuring is applicable on:
Answer: Accounts with exposure of more than Rs. 10 crore from more than one banks
25. Validity period of Credit Risk Rating:
Answer: 12 months from the month of confirmation of rating or 18 months from the date of balance sheet,
which ever is earlier.
26. Updating of Customer Identification Data for Low Risk Customers:
Answer: once in 5 years
27. Updating of Customer Identification Data for Medium & High Risk Customers:
Answer: once in 2 years
28. Mobile Banking limit for fund transfer:
Answer: Rs 50,000/- per customer for both funds transfer and purchase of goods/services
29. May I Help You Counter:
Answer: Staff strength of 10 or more.
30. PAN No. Quoting:
Answer: For FD above Rs.50000 and for cash deposit Rs. 50000 or more
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31. Maximum compensation of fraud due to hacking/phishing through netbanking:

Answer: Rs. 5000/- only.
32. CIB guidelines about lockers:
Answer: Engraving of Banks Name & Branch Code on Locker Keys
33. Star series notes:
Answer: In Denomination of Rs. 10, 20, 50
34. Changes regarding Mortgage of IP:
Answer: It can be done at places located in Cantonment Area also at specified places.
35. Post Audit of Term Loans:
Answer: Rs. 1.00 crore and above within one month of disbursement.
36. Reporting of Frauds in Public Sector Banks in cases of Rs. 1.00 crore and above upto Rs. 5.00 crore with staff
involvement:
Answer: CBI (Anti Corruption Branch)
37. Reporting of Frauds in Public Sector Banks in all cases of Rs. 5.00 crore and above:
Answer: Banking Security and Fraud Cell which is specialised cell of the Economic Offences Wing of the CBI.
38. QAB In Saving Bank Accounts of Senior Citizens:
Answer: Nil
39. Instant Credit for small USD Cheques:
Answer: up to USD 500.
40. Premium CA customers:
Answer: Quarterly average balance of Rs 1 Lac and above in the previous quarter.
41. Premium SFcustomers:
Answer: Quarterly average balance of Rs 50000/- and above in the previous quarter.
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42. Sanction of Term Loan in PNB Baghban:

Answer: Rs. 15.00 lac for Medical facilities only.
43. Risk Weight on Education loan:
Answer: 75%
44. Outstation Cheque Collection Charges:
Answer: 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
45. Collateral in Education loan:
Answer: In loan amount of Rs.7.51 lac and above
46. Personal Loan Scheme for Public:
Answer: Minimum Rs. 50,000/ and maximum Rs. 5.00 lac
47. PNB Special Housing Loan Scheme For New Accounts Under Fixed Option:
Answer: Limit raised to Rs. 50.00 lac
48. A bank can sell NPA only after:
Answer: The account has remained NPA for 24 months.
49. The purchasing bank/FI can further sell NPA:
Answer: After 15 months of the purchase.
50. Personal Loan Scheme For Pensioners:
Answer: Quantum of Finance increased from Rs.1 lac to Rs.1.5 lac.
51. Financing Rickshaw Pullers:
Answer: TL to the extent of 8500/- to 12000/-.
52. Overseas Corporate Bodies:
Answer: OCBs are entities established outside India and predominantly owned by NRIs (at least 60% of the
paid up capital).
53. Advance remittance without bank guarantee for import of goods:
Answer: USD 5 million
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54. Advance remittance for import of services:

Answer: USD 500,000
55. Limit for direct receipt of import bills:
Answer: USD 300,000.
56. Foreign Direct investments in Nationalised Banks:
Answer: 20 per cent of paid-up capital.
57. Foreign Direct investments in SSI units:
Answer: 24 per cent of paid-up capital.
58. Realisation of Export Proceeds:
Answer: 12 months
59. Foreign Currency bill is to be removed from currency position:
Answer: After 30 days of expiry of NTP in case of demand bills and after 30 days of due date in case of usance
bills
60. Exchange Control Declaration (GR) Form:
Answer: For Exports to all countries made otherwise than by post.
61. PP Form:
Answer: Exports to all countries by parcel post
62. Form A-1:
Answer: For Imports exceeding USD 500 or its equivalent
63. Form A-2:
Answer: In respect of remittance applications for miscellaneous non-trade current account transactions of
value not exceeding USD 5,000
64. Import of Forex into India- Submission of CDF form:
Answer: 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
65. Types of R-Returns:
Answer: Two types i.e. R-Return (NOSTRO) and R-Return (VOSTRO).

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66. R-Returns should be submitted:

Answer: 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.
67. Remittances from NRO accounts:
Answer: Not exceeding USD 1 million per financial year
68. PNB Global Credit Card:
Answer: Minimum Income Rs. 80000, Maximum Rs. 2.00 lac for salaried and Rs. 1.40 lac for businessmen
69. Credit Guarantee Fund for SME:
Answer: One time guarantee fee of 1.5% of the credit facility sanctioned, Annual Service fee of 0.75% of credit
facility sanctioned.
70. Appeal against the order of DRT:
Answer: Can be filed in DRAT within 45 days from the date of receipt of order of DRT.

71. Service charges for NEFT transactions:

Answer: Rs.5 for transfer of funds up to Rs.1 lakh and Rs.25 for transactions of Rs.1 lakh and above.

72. Risk weights on banks exposures to all unrated claims on corporates:

Answer: 100 per cent
73. The ceiling rate on export credit in foreign currency was raised from:
Answer: LIBOR + 100 basis points to LIBOR + 350 basis points.
74. The period of entitlement of the first slab of post-shipment rupee export credit extended:
Answer: From 90 days to 180 days.
75. Changes in the concept of Priority Sector:
Answer: 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
76. Penal Interest to Large Units for delayed payment to SME sector:
Answer: Three times Bank rate presently 18%.

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77. Age limit for Prime Minister's Employment Generation Programme (PMEGP):
Answer: 18 years and above.
78. Eligibility under PMEGP:
Answer: Projects costing upto Rs.10.00 lacs (maximum) under business/service sector and Rs.25.00 lacs
(maximum) under manufacturing sector.
79. Right to Information Act 2005 came to effect w.e.f:
Answer: 15.06.05
80. JLG group may have:
Answer: 4-10 members.
81. Limit for Produce (Marketing) Loan Scheme:
Answer: Maximum loan upto Rs.10 lakh
82. Cherry Picking means:
Answer: Investment in Mutual Funds
83. Dividend Stripping:
Answer: Purchase of shares before declaration of dividend and sale after declaring dividend
84. Fiscal Deficit:
Answer: Capital expenditure minus capital receipts
85. Philips Curve relates to:
Answer: Poverty and Unemployment
86. Inequality in income & wealth is shown by:
Answer: Lorenz Curve
87. Gresham's Law in Economics:
Answer: Bad Money drives out good money
88. Balance of Trade refers to:
Answer: net of value of exports and value of imports (merchandise account).
89. Mezzanine Financing:
Answer: A hybrid of debt and equity financing.

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90. Revenue receipts:

Answer: Receipts by way of direct and indirect taxes, interest, dividends and profits from investments, fees
and other receipts from services rendered by the Govt.
91. Capital receipts:
Answer: Receipts by way of loans raised from the market, borrowing from RBI, external assistance from
foreign Govts, recoveries of loans and advances.
92. Revenue expenditure:
Answer: These are expenses incurred for the normal running of the Govt. departments, interest charges on
debt and subsidies.
93. Capital expenditure:
Answer: It is the expenditure incurred on acquisition of assets and investments, loans and advances to State
Govts.
94. Capital budget:
Answer: It consists of capital receipts and payments and also incorporates transactions in the Public Account.
95. Plan expenditure:
Answer: It is the outlay on schemes and programmes formulated by various Ministries under the 5-year plan.
96. Non-plan expenditure:
Answer: It is the expenditure outside that incurred in keeping with the programmes formulated under the 5year plan.
97. Revenue deficit:
Answer: It is the excess of Govt. revenue expenditure over revenue receipts.
98. Budgetary deficit:
Answer: It is excess of total expenditure (capital and revenue) over total receipts, bridged through
borrowings from the market and RBI.
99. Fiscal deficit:
Answer: It is excess of total expenditure over revenue receipts and capital receipts after excluding borrowing
100. Gross Domestic Product:
Answer: Money value of final goods of services produced during a year within domestic territory of a
country.

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101. Net Domestic Product:

Answer: GDP - Depreciation
102. Gross National Product:
Answer: GDP + net factor income from abroad
103. Net National Product:
Answer: GNP - Depreciation
104. National Income:
Answer: Net national product at factor cost, which include total of net domestic product at factor cost plus
net factor income from abroad.
105. NNP at factor cost:
Answer: NNP at market price (-) indirect taxes (+) subsidies
106. Per capital income:
Answer: National income / population
107. The upgraded LADDER system is called as:
Answer: Cris-Mac
108. Gilt edged securities refers to :
Answer: Govt. Securities.
109. Increasing CRR by RBI leads to :
Answer: Squeeze in liquidity.
110. Market Captialisation means:
Answer: Number of shares issued by a company multiplied by current market price of the share.
111. Unqualified Report means :
Answer: an Audit Report which contains no "Clauses".
112. "Dividend Stripping" means:
Answer: Purchase or Sale of shares by the individuals or company prior or subsequent to declaration of
dividends.
113. Higher Foreign Exchange Reserves are associated with the risk of:
Answer: Fluctuation in exchange rates.
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114. Collateralised Borrowing and Lending Obligation (CBLO) is a:

Answer: Money Market Instrument.
115. Overhead expenses for Banking Sector compared to Manufacturing Sector is :
Answer: Low.
116. Islamic Banking means :
Answer: banking according to the Principles of Shariat
117. G8 Countries consist mainly of:
Answer: Developed nations.
118. Which State took the initiatives for consolidation of Co-operative banks :
Answer: Maharashtra
119. Expand VAT:
Answer: Value Added Tax
120. Minimum period for which a Commercial Paper can be issued is:
Answer: 7 days
121. Monetary Museum of India established by RBI is located at:
Answer: Mumbai
122. The country which has banned sale of Tobacco is:
Answer: Bhutan
123. Expand SACP:
Answer: Special Agriculture Credit Plan .
124. Expand OSU:
Answer: Off Shore Unit
125. Maximum Forex permissible to a Resident Indian going abroad as tourist:
Answer: US $ 10,000 per financial year.
126. Banks are required to preserve records as per provisions of :
Answer: Sec 45Y, Banking Regulations Act
127. KYC norms were implemented to:
Answer: Prevent Money Laundering.
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128. A unique example of Co-op bank converting to a private commercial bank:

Answer: Development Credit Bank
129. Licence for starting a new Commercial bank is given by:
Answer: RBI
130. RBI rediscounts bills of the banks at :
Answer: Bank Rate
131. Which charge does not require registration in case of limited companies:
Answer: Pledge
132. Irrevocable LC denotes that:
Answer: Terms and condition of LC cannot be changed without consent of beneficiary.
133. Chairperson of Committee on Corporate Governance in Banks:
Answer: A.S. Ganguly
134. Committee associated with funding of Tea industry :
Answer: Madhukar Committee.
135. Which committee is associated with Rural Credit System :
Answer: V S Vyas Committee
136. Montreal Protocol relates to :
Answer: Protection of Ozone Layer
137. Import Licence are issued for :
Answer: CIF value
138. The cases referred to Lok Adalats formed by DRT is for :
Answer: above Rs. 20 lac.
139. NK Singh Committee is associated :
Answer: Foreign direct investment (FDI)
140. NIXI :
Answer: National lnternet Exchange of India

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141. ____ has become the First Public Sector Bank to raise Equity Capital through Qualified Institutional
Placement (QIP):
Answer: Bank of India
142. According to the Global Information Technology Report 2007-08, __ is the Most Networked Economy in the
World:
Answer: Denmark

143. Postal Index Number (PIN) will be changed from:

Answer: 6 to 8 digits, to ensure speedier delivery of post.
144. ____ is ranked as the World's Most Powerful Brand for the second straight year:
Answer: Google
145. The US has placed India and 8 other countries on its 'Priority Watch List' for this year for falling to protect __ :
Answer: The Copyrights, Patents and Trade Marks of American Producers from Piracy .
146. 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:
Answer: ECGC.
147. ___ has the Largest Petroleum Reserves (almost 1/4th of the World's proven total petroleum reserves) in the
World:
Answer: Saudi Arabia.
148. 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 _:
Answer: 4 million a year.
149. Loss making banks can make donations totaling Rs ___ lakhs only in a financial year :
Answer: Rs.5lac
150. Is Wheat a commercial crop :
Answer: No
151. Largest trading partner country of India :
Answer: USA
152. Maximum cotton yielding country :
Answer: India
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153. Maximum coffee yield :

Answer: Brazil
154. Raksha Kawach :
Answer: Railway Security
155. Dronacharya award relates to :
Answer: Award to Sports Coach
156. Which currency is the costliest in term of Indian Rupee:
Answer: Pound Sterling
157. The revised definition of sick SSI unit has been given by :
Answer: Kohli Committee
158. Which unit of valuation is known as 'Paper Gold' :
Answer: SDR.
159. Emission standard given by :
Answer: Mashelkar Panel.
160. Dialysis is related to:
Answer: Kidney patients
161. Cholesterol is related to:
Answer: Heart problems.
162. 10th Dec. is observed as:
Answer: Human Rights Day.
163. Which RBI Committee is studying Lenders liability:
Answer: Dr. N. L. Mitra.
164. Which gas is emitted by motor vehicle:
Answer: Carbon mono oxide.
165. Name of Special animal protection group:
Answer: PETA (People for Ethical Treatment of Animals).

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166. Handloom' is considered as second largest economic activity after:

Answer: Agriculture in India.
167. 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 :
Answer: 5 banking days
168. If the due date of CDs falls on a holiday it should be paid on :
Answer: preceding working day.
169. ____ refers to purchase of book debts I receivables without recourse to the sellers:
Answer: Factoring
170. Maximum housing loans which would be treated as priority sector advance is:
Answer: Rs. 25 lacs.
171. Green back currency refers to:
Answer: US $.
172. Public holidays are excluded for determining time for presentation or acceptance for payment under:
Answer: Section 105 of Negotiable Instruments Act 1881.
173. Sec. 45Z of Banking Regulation Act 1949 deals with:
Answer: Return of paid instruments to account holders.
174. Can Bank exercise right of Set-off in respect of contingent liabilities:
Answer: No
175. US $ rate is increased from Rs. 47 to Rs. 49. It will benefit the:
Answer: Exporters and will lead to increase in exports.
176. Bearer demand draft cannot be issued as per under Section __ RBI Act:
Answer: Sec 31 of RBI Act
177. If a Sole Trustee dies, the Trust will be managed by :
Answer: Court appointed Trustee
178. Section 22 of the NI Act provides for a grace period 3 days to be added for arriving at the due date for a:
Answer: Usance bill.

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179. Mulberry loan is related to:

Answer: Sericulture.
180. Pre-paid expenses in the shape of insurance premium are classified in the Balance Sheet as:
Answer: Current asset
181. The Borrowing of the Board of Directors of the Public Ltd Company should not exceed:
Answer: Paid-up capital and free reserves.
182. Working Capital assessment for SSI units sanctioned Working Capital limit upto Rs 5 crore is as per :
Answer: Nayak committee.
183. State-sponsored Corporation granted loan for on-lending to Weaker Section is covered by the bank under:
Answer: Indirect advance to agriculture.
184. Hypothecation has been defined in:
Answer: Section 2 (n) of SARFAESI Act.
185. In a cheque drawn by the drawer, the name of payee is written in English and the other parts, in vernacular
language:
Answer: The cheque will be paid if otherwise in order.
186. Guarantor stepping into the shoes of creditor on discharging the liability of the principal borrower:
Answer: Right of Subrogation.
187. In Sec 148 of Indian Contract Act, Bailment refers to:
Answer: 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.
188. Know Your Customer (KYC) guidelines:
Answer: Prevent banks from being used unwittingly used by criminal elements for transfer of illegal funds/
money laundering activities.
189. Preferential payment to depositors in respect of winding up of a Banking Company is provided:
Answer: under section 43 A of Banking Regulation Act 1949.
190. If Operating Cycle is longer:
Answer: This implies that higher amount of working capital will be required.

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191. Clayton's Rule applies to:

Answer: appropriation of payments.
192. Vostro account means :
Answer: Foreign Bank's A/c with us.
193. RFC ale can be opened by:
Answer: home returned NRls.
194. Guarantees covering series of transactions :
Answer: Continuing Guarantees.
195. Buyer takes possession of goods and enjoys as Sole Owner of goods although price of goods not fully paid :
Answer: Hire Purchase.
196. As per Sec. 26 NI Act, Minor may draw, endorse, deliver, Negotiable Instrument so as to bind all parties
except himself :
Answer: True.

197. 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:
Answer: Dishonour the Cheque.
198. 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:
Answer: The Cheque will be paid if otherwise in order.
199. Contract of Insurance is an :
Answer: indemnity contract.
200. Bailment is defined in :
Answer: Indian Contract Act Sec. 148.
201. Cheque may be crossed by drawer, holder, banker :
Answer: All (Sec. 125)
202. Mortgage by Deposit of title of deeds is :
Answer: Equitable Mortgage (Transfer of Property Act, Sec. 58F).
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203. Mortgage is defined :

Answer: Transfer of Property Act Sec. 58(F)
204. Minor can be appointed as an Agent :
Answer: Principal is responsibIe (Sec. 184 of Contract Act).
205. A/c Payee crossing is not recognised by an act:
Answer: Outcome of custom and usuage.
206. Cheque validfiy period has now statutory sanction as per:
Answer: Sec; 138 of NI Act
207. Writing name of bank on face of Cheque with or without two parallel lines
Answer: Special Crossing. .
208. A/C payee crossing is direction to:
Answer: Collecting banker.
209. In CC a/c Garnishee Order applies to:
Answer: Credit Balance in CC
210. Unclaimed Deposit 10 years and above :
Answer: RBI (Sec. 26 of Banking Regulation Act)
211. Material alteration:
Answer: Requires drawers authentication.
212. Possession & ownership with borrower :
Answer: Hypothecation
213. Safe Custody is covered under which act :
Answer: Indian Contract Act
214. Safe Deposit Locker relationship with banker is :
Answer: Lessor Lessee.
215. Debt Equity Ratio :
Answer: Type of Solvency Ratio
216. Break even point means :
Answer: No profit no loss.
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217. Target of agriculture finance :

Answer: 18% of ANBC or Credit balance of off Balance sheet items, whichever is higher.
218. Under RTI Act, the person seeking information should have qualifying eligibility of:
Answer: Indian Citizenship .
219. Minimum and maximum maturity period of a Commercial Paper:
Answer: 7 days and 1 year.
220. New name of the Ministry of NRI Affairs :
Answer: Ministry of Overseas Indian Affairs.
221. Most popular bench mark rate for Indian money market for one day call rates is:
Answer: MIBOR
222. What is the Cash Reserve Ratio that the Overseas Banking units have to maintain while opening the branch in
SEZs:
Answer: No requirement
223. The country that revalued its currency against the US dollar is:
Answer: China revaluated Yuan against US dollar.
224. What is the maximum amount for which the CGTMSE guarantee cover is available:
Answer: Fund & Non Fund based Rs. 1 cr.
225. Who has formulated the 'Swaran Jayanti Gram Swarozgar Yojana:
Answer: Ministry of Rural Development
226. Which bank has started 'Abhay' credit counselling centres in association with NGO:
Answer: Bank of India.
227. Concept of Priority Sector came in the year __ :
Answer: 1972
228. What is the minimum and maximum number of persons that can form JLG for tenant farmers:
Answer: 4 to 10 .
229. What is the name of in-built device in a computer where data is stored:
Answer: Hard Disc

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230. What is the target of correspondence in Hindi from Region C to Region C:

Answer: 55% of total letter sent
231. What is Corporate Governance:
Answer: Management of an organisation to enhance value for all stakeholders .
232. Commission of Govt. business other than Pension:
Answer: 9 paisa per Rs. 100 turnover.
233. Expand HTML:
Answer: HyperText Marttup Language
234. Number of alphabets in a PAN Card:
Answer: Total 10, out of which 6 alphabets and 4 Numerals.
235. Oldest and largest foreign bank in India:
Answer: Standard Chartered Bank
236. What is Internet:
Answer: Network for Networks
237. Information Technology Act came in to effect from :
Answer: 1.6.2000
238. 'Buy now Pay later' is related to:
Answer: Credit Card
239. Maximum dividend payout ratio for a bank is:
Answer: 40%
240. What enables computers to interact with other network through telephone lines:
Answer: Modem
241. Extent of Investment fluctuation reserve for banks Minimum 5% of securities classified as held for:
Answer: Trading and Available for Sale.
242. Smallest part of computer memory is:
Answer: Bit .

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243. A branch is considered as rural branch if it is located as a place with population below:
Answer: 10,000. (RBI definition), however for PMEGP it is 20000
244. Converting physical shares to electronic from is called:
Answer: Dematerialization
245. Official Language Committee Meeting:
Answer: Once in a quarter
246. Minimum age of minor for self operated account:
Answer: 10 years
247. Vyas committee recommendations relates to:
Answer: Agriculture credit
248. Committee which recommended about Universal Banking:
Answer: R.H. Khan
249. The Uniform Custom & Practices for Documentary Credits (UCP 600) has _ as the total number of Articles:
Answer: 39
250. Agency commission rat~ for governments business receipts is at the rate of_ per transaction:
Answer: Rs. 45
251. Which sector has become the world's biggest source of employment:
Answer: Services
252. Foreign Banks in India and Indian banks having presence outside India are to comply with Basel II norms
w.e.f.:
Answer: 31st March, 2008
253. In the total food grain output of India, what is the share of Kharif Crops:
Answer: 50%
254. The Grameen Bank Model of micro-finance institution was developed originally by:
Answer: Bangladesh
255. Interest on Cash Reserve Ratio eligible balance is paid by RBI on __ basis:
Answer: No interest is paid

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256. Banks are required to maintain minimum of __ of their CRR requirement on a daily basis:
Answer: 70%
257. Stamp duty payable on a Promissory Note is governed by :
Answer: Indian Stamps Act
258. Banks can raise up to __ of the total Tier-I capital in the form of perpetual debt:
Answer: 15%
259. The rate of commission paid by government for pension payment is :
Answer: . Rs. 60 per transaction
260. 'Customer' has been defined in :
Answer: KYC Guidelines
261. What is the cut-off point for reforming fraud cases to CBI :
Answer: Rs. 1 crore
262. RTGS will minimize __ risk:
Answer: Settlement risk
263. What are the Indian Depository Receipts:
Answer: Financial Instruments that allow foreign companies to mobilize funds from Indian markets
264. Which act gives legal guarantee of 100 days employment in rural areas to 1 person in every household:
Answer: National Rural Employment Guarantee Act (NREGA)
265. Service tax has to be remitted to the Govt. A/c by :
Answer: 5th of the succeeding month
266. The risk of loss resulting from inadequate or failed intemal processes, people and systems or from external
events is :
Answer: Operational risk
267. Which committee had recommended formation of Banking Standards and Codes Board to prescribe
guidelines in the banking sector for improving customer service:
Answer: S.S. Tarapore Committee
268. Which state stands first in promoting SHG movement:
Answer: Andhra Pradesh
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269. ICRA, the rating company has become an associate of :

Answer: Moody's Investor Service
270. Under what provisions Lok Adalats are set up:
Answer: Legal Services Authority Act, 1987
271. What is MCA-21 :
Answer: It is the e-governance project of Ministry of Corporate affairs
272. The new name of UTI Bank is :
Answer: Axis Bank
273. BPO & KPO stand for :
Answer: Business Process Outsourcing & Knowledge Process Outsourcing
274. International Bank for Dev. & Reconstruction is also known as :
Answer: World Bank
275. WWW refers to :
Answer: World Wide Web
276. The book 'A View from the Outside- Why good Economics works for every one' is written by :
Answer: P.Chidambaram
277. Ministry of Labour has banned children less than 14 yrs from working as domestic help:
Answer: With effect from 10th October 2006.
278. ICRA,CRISIL,CARE,FITCH India are names of :
Answer: RBI approved rating agencies In India
279. PNB has made it mandatory to extend collateral free/without third party guarantee loans up to _________to
the MSEs by the branches.:
Answer: Rs. 100 lakh
280. 'Pure Banking, Nothing Else' is the signing off statement of _ :
Answer: State Bank of India
281. Finacle, the popular Banking software is a product of :
Answer: INFOSYS

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282. 'Metropolitan' group includes all banked centres with population of and above:
Answer: 10,00,000
283. 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 :
Answer: Two Years
284. Under population group of banked centres, 'Semi urban' group includes all banked centres with population
of 10,000 and above but less than:
Answer: 1,00,000
285. 'Urban' group is that which has a population above 1,00,000 but below:
Answer: 10,00,000
286. Which sector has become the world's biggest source of employment:
Answer: Services
287. Which is the largest country in the world in terms of land area:
Answer: Russia
288. Which State has become the first State in India to launch evening courts:
Answer: Gujarat
289. The country which is known as 'Land of Co-operative' is:
Answer: Denmark
290. Right to Education to all children between the age of 6 to 14 years is :
Answer: A fundamental right
291. The time period of settlement in case of RTGS is :
Answer: Two Hour
292. Which state has got the maximum agricultural credit from the nationalized banks :
Answer: Andhra Pradesh
293. Which state is at the top in agricultural production in India:
Answer: Punjab
294. In the total food grain output of India, what is the share of Kharif Crops:
Answer: 50%
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295. Who is the chairperson of the National Commission on Farmers

Answer: Dr. M.S.Swaminathan
296. What is India's share in world's total exports of milk dairy products:
Answer: 0.5%
297. A bank's aggregate Capital market exposure shall not exceed __ % of the net worth of the bank on a solo and
consolidated basis:
Answer: 40%
298. Service tax recovered by the Bank in a month has to be remitted to the Govt. A/c by:
Answer: 5th of the succeeding month
299. Two currencies which have been included by RBI in the basket of currencies to which rupee is linked:
Answer: Yuan & Hong Kong dollar
300. What is the maximum limit permitted for investment by FDls in the equity capital of ARCs:
Answer: 49%
301. ICRA, the rating company has become an associate of :
Answer: Moody's Investor Service
302. No passport need be presented to money changers for encashment of dollars up to:
Answer: USD500
303. Who is the industry leader in mortgage loan :
Answer: HDFC
304. What is the ceiling for issue of Innovative perpetual debt instrument by banks :
Answer: It should not exceed 15% of total Tier1 capital of the bank
305. Who is the Chairman of the Committee to recommend the frame work for fuller Capital Account
Convertibility:
Answer: S.S. Tarapore, former Deputy Governor.
306. RBI Interest subsidy on farm credit has to be claimed by banks:
Answer: on quarterly basis
307. Risk weight for investment in RIDF by banks to meet shortfall in agricultural sector is:
Answer: 100% .
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308. Which are the three pillars under Basel II norms :

Answer: (a) Regulatory requirement of capital, b) Supervisory review, c) Market discipline
309. Banks have kept Investment Fluctuation Reserves to manage:
Answer: Interest rate risk
310. Indian bank that has been named in the top 500 list of Fortune Global 500 companies :
Answer: State Bank of India
311. Opening of branches by Banks is covered under _ of the Banking Regulation Act,1949:
Answer: Section 23
312. 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:
Answer: Quarterly
313. RBI's permission to open a bank branch is valid for _ from the date of the consolidated authorization letter
issued by it:
Answer: one year
314. ____ is related to 'Yellow Revolution' :
Answer: Oilseeds Production
315. Annual growth rate of national income was recorded lowest during:
Answer: Third Plan
316. According to the Sarva Shiksha Abhiyan, India's every child would be able to go to school by:
Answer: 2015
317. Banks prefer going. to Lok Adalat because:
Answer: No court fees,' no appeal and compromise decree.
318. NICL is abbreviation of:
Answer: National Insurance Company Ltd.
319. Who decides the quantum of agricultural finance :
Answer: District Technical Committee.

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320. The term Insider Trading refers to:

Answer: Sale and Purchase of shares based on classified information available to those connected with
company.
321. What is meant by Pari-Passu charge:
Answer: Pro-rata in the ratio of outstanding within the consortium approved limits.
322. Which financial institutions converted into a Bank on 01.10.04 :
Answer: lDBI Ltd.
323. Fire wall is used for:
Answer: Hardware/software to protect the IT system/website from unauthorized access.
324. The foreign bank which has its own currency chest in India:
Answer: Standard Chartered
325. What is Internet:
Answer: Network of Networks
326. Expand INFINET :
Answer: Indian financial Network
327. Deferred payment guarantee is a :
Answer: financial guarantee
328. Net Block means:
Answer: Fixed Assets minus depreciation
329. The declared objective of the 11 th Plan is :
Answer: Faster and More InclusiveGrowth
330. Committee on Financial Inclusion for RRBs __ :
Answer: Dr. C Rangarajan.
331. SARFAESI Act has been extended to loans advanced by :
Answer: RRBs.
332. RRBs to accept :
Answer: NRE / FCNR deposits.

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333. National Housing Bank (NHB) to launch _ for senior citizens:

Answer: Reverse mortgage
334. ___ , 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:
Answer: PAN.
335. Limit of per investor per year with respect to Capital Gains bonds issued by NHAI and REC under section 54EC
to continue :
Answer: Rs.50 lakh
336. Risk weight on loans up to Rs.1 lakh against gold and silver ornaments for all categories of banks reduced to:
Answer: 50%
337. Risk weight on residential housing loans to individuals for loans up to Rs.30 lakh has been reduced to % :
Answer: 50%
338. 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:
Answer: 1,00,000.
339. RRBs can now take up Corporate agency business for distribution of insurance products, including health and
animal insurance on basis:
Answer: Without risk participation.
340. Under SARFAESI. secured creditor, before taking possession of the charged assets, should give notice of _
days to the borrower or his authorized agent:
Answer: 60
341. For getting finance under SJSRY scheme, the max. project cost for Individuals:
Answer: Rs. 50000
342. A company is inviting application for fixed deposits from general public. The FDRs so made by it will be
classified under:
Answer: Liabilities
343. A bill becoming due for payment within __ shall be treated under current liability:
Answer: 12 months.

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344. Exposure norms for different industries/indivlduals/ groups fixed by the Banks/RBI are part of:
Answer: Risk Management
345. Pre-operative expenses are included in :
Answer: Intangible assets
346. Pre-paid expenses-are classified as :
Answer: Current assets
347. Assets = Liabilities are as per:
Answer: Dual aspect concept
348. Normally, Foreign Traveler cheque 'buying rate is better than Foreign currency rates because of :
Answer: Holding cost
349. 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:
Answer: Gain
350. Dividend distribution tax is being paid by :
Answer: Company
351. CBS refers to :
Answer: Centralized Banking Solution
352. RBI has now dispensed with restrictive provisions of service area approach except for:
Answer: Loans under Govt Sponsored Programmes
353. 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:
Answer: 6 : 3
354. Debtors velocity ratio of a company is very low, it does indicates :
Answer: Debtors collection management of the company is good
355. At what rate, RBI provides advance to Banks against the Govt securities:
Answer: Repo Rate
356. Best explain the term "CBLO' :
Answer: It is type of money market instrument, which is used to borrow and lend funds against securities
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357. Bill for collection appears in the balance sheet on :

Answer: Liability side
358. Increases in CRR causes :
Answer: Decreases the lendable resources of the banks
359. 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 :
Answer: 4.00 lacs
360. The difference between Term loan and Deferred payment guarantee is the :
Answer: Outlay of funds
361. Main advantage of Cheque Truncation is the :
Answer: It decreases the cost of handling of large paper volume of small vote cheques
362. The basic Principal of WC management is :
Answer: Profitability goes with liquidity
363. 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 :
Answer: Spin off
364. Corporate Governance comprises of :
Answer: Board of directors, Company officials & shareholders
365. The Ratio is most affected by decrease in current liabilities :
Answer: Current Ratio
366. The %age of risk weight on cash balances with RBI is :
Answer: 0%.
367. The %age of risk weight on Central Govt. Guaranteed advances is the :
Answer: 0%
368. As per RBI Act, the floor limit is __ and ceiling limit of CRR is____ :
Answer: Nil and 20%.
369. The minimum Floor limit and maximum ceiling limit for SLR is :
Answer: Nil and 40%
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370. CRR is maintained as a %age of __ and SLR maintained as a %age. of __:

Answer: NDTL : DTL .
371. In Red Clause Letter of credit importer has given which type of banking facility for the benefit of the exporter
Answer: Finance for purchase of raw material
372. In respect of letter of credit business, the term "deferred credit' is used for :
Answer: a type of supplier's credit .
373. 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:
Answer: One year
374. TDS will be deducted if amount of rent exceeds Rs. __ p.a. to single payee :
Answer: 1.20 lacs
375. Tax deducted for deposit accounts should be deposited within :
Answer: 7 days of the following month.
376. A cheque has been issued by Director of the Company is received after the death of the director. Whether
cheque will be paid:
Answer: Yes, since cheque has been issued in the representative capacity
377. Note printing by RBI results in :
Answer: Inflation generally
378. Which bank has launched EMI Card:
Answer: ICICI Bank.
379. Maturity proceeds of FCNR (B) deposits can be remitted:
Answer: To the depositors and to third parties outside India at the request of the depositors
380. Which is a derivative instrument in the financial market:
Answer: Credit default swap
381. Multicity cheque is payable at all ___ branches:
Answer: Core banking
382. In the case of a white label credit card the brand of the issuer is:
Answer: Not mentioned
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383. ____ is true in respect of issue of duplicate CDs:

Answer: It can be issued only in physical form
384. Process of inviting subscriptions to a public issue is through a tendering process which is known as:
Answer: Book building
385. 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:
Answer: 20
386. __ ATM eliminates the need for PIN entry and authenticated customer transactions by thumb impressions:
Answer: Biometric
387. Provisions made by a bank in excess of the regulatory provisions is known as__ provisions:
Answer: Floating
388. Innovative perpetual debt instruments are issued only with __ options:
Answer: Call
389. A company incorporated outside India can issue:
Answer: IDR
390. Who has formed the Rural Credit Bureau:
Answer: ICICI, CIBIL, NABARD
391. Which is the widely accepted in the Money Market Operations:
Answer: Treasury Bills
392. Maximum limit under General Credit Card is Rs._ 100% of the oulstandings are treated as __ agricultural
advance:
Answer: Rs. 25,000 ; Indirect
393. Date of expiry is not mentioned in the LC. Documents are presented for negotiation. In this case:
Answer: Cannot be negotiated as the LC is not valid.
394. As per recent RBI guidelines Branch level Customer Committee should also include___ as member:
Answer: A customer who should be senior citizen.
395. Working group on procedure and processing of Agricultural loans is headed by_ :
Answer: C.P. Swarankar
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396. 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 ___ :
Answer: 3 days.
397. Which state is at the top of a list of best e-governed 20 states:
Answer: Goa
398. Surrender value in the context of Life insurance policy means:
Answer: Minimum value that is given by an insurance company in the case of foreclosure of the policy
399. Star series notes means those notes which are placed in replacement of defective notes issued in the
denomination of :
Answer: Rs10, Rs 20, Rs 50
400. When RBI sells the securities to banks and gets cash from banks under LAF, RBI pays interest to banks at :
Answer: Reverse Repo Rate
401. Decision given by the Ombudsman has to be implemented by the bank within:
Answer: 1 month from the date of receipt of acceptance from complainant
402. In the context of collection of cheques, conversion means:
Answer: Crediting the amount of the cheque to the account of a person who is not entitled to it.
403. 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.
Answer: 30%, 30%
404. ______ is part of the larger emission trading which is a method worked out to control pollution by using
economic incentives:
Answer: Carbon Trading
405. According to Transparency International (TI) corruption index, India has ranked:
Answer: 72
406. ______has agreed to declare all its nuclear programmes and disable its main atomic reactor by the end of
the year under US supervision:
Answer: N. Korea
407. For bank the main advantage of referring the matter to Lok Adalats is:
Answer: It is based on mutual consent hence decision and its execution is fast.
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408. For which of the Industries Cash budget system for assessment of MPBF has recently been adopted by the
bank:
Answer: Service, Software, Sugar, Tea.
409. Probate is a document issue by Court of law and is the' nature of :
Answer: An official confirmation of the will of the deceased.
410. Currency & Finance is a report being published by:
Answer: RBI
411. Twin sisters of Bretton Woods:
Answer: World Bank and IMF.
412. Which,type of Letter of Credits, pre-shipment credit is offered :
Answer: Red-clause letter of credit
413. Explain the term 'Islamic Banking' :
Answer: Banking without the factor like" Interest on money deposited or lent"
414. In Ombudsman Scheme, Customer Service Committee Report is to be submitted on __ basis :
Answer: Quarterly
415. The risk associated with higher foreign exchange reserves is :
Answer: Exchange rate movement risk
416. What is the maximum discount that a company can offer to retail investors for their public issues?:
Answer: 10%
417. Which country has chosen the face of its motherhood as the first woman to be featured in its banknotes? :
Answer: South Korea
418. India ranks as _ in the list of largest carbon emitters:
Answer: Fourth
419. Who is the head of internal working gap set up by RBI to examine the recommendations of the Radhakrishna
Export on Agricultural indebtedness?:
Answer: Mr V.S. Das
420. Account of Bank of America with us will be treated as:
Answer: Vostro account
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421. Explain the term "Foreign exchange transaction":

Answer: Any exchange transaction done in foreign currency
422. If a person fails to pay to Central Govt. the tax deducted, he shall be punishable with rigorous Imprisonment
maximum upto:
Answer: 7 years
423. The cut-off limit for taking cognizance of the instances of siphoning/diversion of funds by willful defaulters:
Answer: 25 lacs .
424. The CDR scheme applies only to finance given under multiple banking/consortium, with outstanding
exposure of Rs.___ & above:
Answer: 10 crores
425. 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 ___%:
Answer: 50%. 25%
426. Under SGSY scheme, the %age of amount financed that should go towards women:
Answer: 40%
427. The minimum amount that can be remitted through RTGS:
Answer: Rs. 2 lacs
428. Explain the term "Qualified audit report':
Answer: A claused report containing certain clauses i.e. qualifications of the auditors
429. Joint Liability Group (JLG) is an informal group consisting of preferably_ individuals coming together and
engaged in similar type of economic activity:
Answer: 4 to 10
430. Minimum and maximum period of Commercial Paper is:
Answer: 7 days and 1 year.
431. Increase in Repo rate is done primarily to:
Answer: Tighten the money supply
432. The process being adopted these days to determine the price of shares is called:
Answer: Book Building

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433. In SGSY scheme, the funding pattern between Central and State Govt. is:
Answer: 75: 25
434. As per the Micro, Small & Medium Enterprises Development Act 2006, the definition of Medium Enterprise.
Answer: Investment in Plant and Machinery above Rs. 5.00 Cr to Rs. 10.00 Cr.
435. 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:
Answer: Indirect agriculture
436. 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.
Answer: Former or Survivor
437. No Collateral is required for Education loans upto Rs.____
Answer: For loan less than Rs. 7.51 lacs.
438. The white plastic cards are:
Answer: Duplicate/counterfeit cards
439. Under SGSY scheme, women SHG should have a minimum share %age of:
Answer: 50
440. As per the recent directive of RBI, the method for charging rate of interest should be applied to SGSY group
Loans:
Answer: On individual loan sanctioned basis
441. The %age or risk weight to be applied to the NPA purchased from other banks is:
Answer: 100%
442. RBI has permitted banks Door Step banking under:
Answer: Banking Regulation Act
443. Explain the term 'Market Capitalization of a Company:
Answer: Total equity shares x current market value per share

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36

444. 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 _____:
Answer: Mutilated Notes
445. Disclosure of segment reporting under Accounting Standard enhanced to include more categories of
Corporate I Wholesale banking, Retail banking and other Banking business:
Answer: AS 17 ....
446. The Indian Financial Network (INFINET) system to be operationalised as a __network by the Institute for Dev.
& Research in Banking Technology:
Answer: MultiProtocol
447. 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:
Answer: One
448. India's rank in Human Development Index in UNDP Report is:
Answer: 124 out of 173.
449. The account which, NRI can open joint account with Resident Indians:
Answer: NRO
450. As per the Micro, Small & Medium Enterprises Development Act 2006, the definition of Micro Service
Enterprises:
Answer: Investment in equipments not exceeding Rs. 10 lacs.
451. 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:
Answer: Irrevocable
452. 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:
Answer: 100%
453. In all a bill exchange, there is no mention about the date of payment. On which date, it will be payable:
Answer: On demand
454. A bank has purchased cheque under its instant credit scheme. What is the position of a banker:
Answer: Holder for value

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455. When we are in oversold position and currency is appreciating, squaring of the position will result in:
Answer: Loss
456. Not Negotiable crossing is a direction of the customer to:
Answer: Collecting Banker
457. In Ombudsman Scheme, Customer Service Committee Report is to be submitted on __ basis:
Answer: Quarterly
458. Study of fund flow statement indicates:
Answer: Sources and Uses of funds available with the company.
459. 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:
Answer: Rs. 62.50 lacs
460. Risk associated with frauds by employee of the bank is covered:
Answer: Operational Risk
461. w.e.f ___ State Govt guaranteed advances would be subject to same norms for asset classification as other
advances:
Answer: 31.03.06
462. In case of SME advances QMS forms have been simplified and Current ratio norms relaxed to:
Answer: 1.25:1
463. Planning Commission of India was established in the year:
Answer: 1950
464. Central Bank of the country was established on 1st April 1935 under the Reserve Bank of India Act 1934 on
the recommendations of:
Answer: Hilton - Young Commission (1926)
465. 'PIN' in Smart Card is called:
Answer: Personal Identification Number
466. The rupee exchange rate is currently linked with:
Answer: Basket of currencies
467. To operate in India, Fils are required to apply to:
Answer: SEBI
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468. As per the Union budget the date for the implementation of a single goods and services tax, as per the Kelker
Committee recommendations:
Answer: 1st April 2010
469. Cash Budget method for working out bank finance was suggested by:
Answer: Kannan Committee.
470. For financing sugar industry method is used:
Answer: cash budget.
471. Maximum project cost under National Equity Fund:
Answer: 50 lacs
472. Expand M I C R:
Answer: Magnetic Ink Character Recognition
473. Export refinance is provided by:
Answer: RBI
474. While granting advance against Life Insurance Policy, bank consider:
Answer: surrender valu of the policy.
475. A cheque is dated before the date of presentation is:
Answer: Ante dated cheque
476. New name of Vikas Volunteer Programme:
Answer: Farmers Club
477. For availing finance from bank, whether registration as SSI is compulsory:
Answer: No
478. A Credit Card can be called as:
Answer: Plastic Money
479. The Stamp duty on a demand Bill of exchange of Rs 1000 is:
Answer: Nil as no stamp duty is levied on demand bills
480. Network in same building:
Answer: LAN

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481. Crossing can be opened by:

Answer: Drawer
482. Number of categories of Forex offices:
Answer: 3 (Category A,B,C)
483. Signatures or photo taken on a computer for distribution to other computers through:
Answer: Scanning
484. Bills of Exchange without any consideration:
Answer: Accommodation Bill
485. Committee on Procedure and Performance Audit
Answer: S.S. Tarapore
486. Number of Public Sector Banks including SBI & Associates_:
Answer: 28 (including lDBI Ltd)
487. Reason for turnaround of Indian Bank is:
Answer: Customers loyalty.
488. Company issuing dividend to large number of shareholders will use facility of
Answer: ECS

489. In India's GDP, maximum share is contributed by the:

Answer: Service sector
490. In India's GDP, the sector whose share is declining:
Answer: Agriculture.
491. In which sector, Central Govt. has highest outlay:
Answer: Railways
492. Maximum amount of FDI in private sector bank:
Answer: 74%
493. Stock exchange with maximum business:
Answer: Mumbai

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494. Chhatrapati Shivaji Terminal at Mumbai has been included in:

Answer: World Heritage list.
495. Web site address of a firm is called as:
Answer: URL(Uniform Resource Locator)
496. Data encryption means:
Answer: Converting data into machine language
497. 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:
Answer: Whistle Blowing
498. What is the ceiling for issue of Innovative perpetual debt instrument by banks:
Answer: It should not exceed 15% of total Tier-1 capital of the bank
499. Who was the Chairman of the Committee to recommend the frame work for fuller Capital Account
Convertibility:
Answer: S.S. Tarapore
500. The panel for Financial Inclusion is headed by:
Answer: Dr. C. Rangarajan

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