Question (1) What is the maximum period for which domestic term deposits
are normally accepted by banks in our country?
Ans: 10 years. Question (2) Which agency/organization in India maintains the Micro. Finance Development and Equity Fund? Ans: NABARD. Question (3) Which is a Credit Card Association? Ans: Master Card. Question (4) What is the mean of Bad debts? Ans: Amounts owed to a company that are not going to be paid. Question (5) What is the maximum permissible limit for investment in PDF account in a financial year? Ans: Rs. 70,000 Question (6) The letter F denotes which word in the term IFRS? Ans: Financial. Question (7) Which loan constitutes the largest percentage of Retail loans in India? Ans: Home loans. Question (8) What is meant by financial inclusion? Ans: Making available banking services at an affordable cost. Question (9) Many times we read the term ECB in newspapers. What is the full form of ECB? Ans: External Commercial Borrowing. Question (10) In our country, till when a cheque remains valid for payment for from the date of issue? Ans: 3 months. Question (11) Crossing applies to which instrument? Ans: Cheques. Question (12) While investing in mutual funds we come across a term called NAV. What is the meaning of NAV? Ans: Net Asset Value. Question (13) Assume that Reserve Bank of India reduces the Bank Rate by 1%, what will be its impact? Ans: More liquidity in the market. Question (14) Whose signature is found on a 50 rupee currency note in India? Ans: Governor, RBI. Question (15) Which is material alteration of a negotiable instrument? Ans: Converting an order cheque to bearer cheque. Question (16) Which asset can be mortgaged? Ans: Land and Building. Question (17) Interest payable on savings bank accounts is regulated by which bank? Ans: RBI. Question (18) Many times we read about SHGs in financial newspapers. What is the full form of the term? Ans: Self Help Groups. Question (19) Which is not an electronic Banking delivery channel? Ans: Mobile Vans. Question (20) The Govt. of India has acquired RBIs stake in one of the major banks of India. Which that bank? Ans: State Bank of India. Question (21) Credit Cards are known by which another name? Ans: Plastic money. Question (22) Which instrument cannot be transferred from one person to another by endorsement? Ans: Fixed Deposit Receipt. Question (23) What is the full form of FINO a term we see frequently in financial newspapers? Ans: Financial Inclusion Network and Operations. Question (24) Lending to Micro Finance Institutions by Bank considered as finance to which sector? Ans: Priority Sector. Question (25) What is money laundering? Ans: Conversion of Money which is illegally obtained. uestion (26) If PAN details are not provided, the TDS is deducted at which rate? Ans: 20% Question (27) What does the lowering of Bank Rate by the Reserve Bank of India leads to? Ans: More liquidity in the market. Question (28) What is the Expand term of ALM as used in Banking/Finance sector? Ans: Asset Liability Management. Question (29) What is the full form of ULIP, the term which was in the news recently? Ans: Unit Linked Insurance Plan. Question (30) By which bank is the rate of interest on Savings Bank Account stipulated? Ans: RBI. Question (31) What is the Rate at which the domestic currency can be converted into foreign currency and vice-versa is known as? Ans: Exchange rate. Question (32) By which is insurance cover for bank deposits in our country provided? Ans: DICGC. Question (33) Which is the loan of very small amounts given to low income groups? Ans: Micro credit. Question (34) What is Mortgage? Ans: Security on immovable property for a loan given by a bank. Question (35) Which will setup sore banking infrastructure for rural banks? Ans: NABARD. Question (36) What is the name of cheque when a bank returns unpaid? Ans: Dishonor of the cheque. Question (37) Which is a measure taken by Reserve Bank of India to control inflation in our country? Ans: Raising of Repo / Reverse Repo Rate. Question (38) What type of loan is granted by banks for purchase of white goods? Ans: Consumer durables loan. Question (39) When a banker talks about CDR, what is he talking about? Ans: Corporate Debt Restructuring. Question (40) Fiscal policy in India is formulated by which ministry? Ans: The Finance Ministry.
Question (41) Which institution is involved mainly in granting Housing
Loans? Ans: HDFC. Question (42) Almost all banks in our country have introduced which facility for granting crop loans to farmers? Ans: Kisan Credit Cards. Question (43) Banks in our country normally publicise that additional interest rate is allowed on retail domestic term deposits of which citizens? Ans: Senior citizens. Question (44) What are fixed deposits and recurring deposits? Ans: Repayable on demand. Question (45) Which is foreign bank having offices/branches in India? Ans: Standard Chartered Bank. Question (46) Basel-II norms are associated with which aspect of the banking industry? Ans: Risk management. Question (47) What is the expand term of FLCC? Ans: Financial Literacy and Credit Counseling. Question (48) Which state became the first state in the country to launch RBIs e-payment system for commercial tax payers? Ans: Karnataka. Question (49) What is the mean of NEFT? Ans: National Electronic Funds Transfer system. Question (50) Interest on savings bank account is now calculated by banks on which basis? Ans: Daily product basis. Question (51) What does the letter L stands for in the term LAF commonly used in financial/economic news? Ans: Liquidity. Question (52) Monetary Policy as an arm of the economic policy is administered by which bank? Ans: Reserve Bank of India. Question (53) Which reserves can act as a liquidity buffer for commercial banks during crisis times? Ans: SLR. Question (54) By whom are Savings bank accounts opened? Ans: Individuals for savings purposes. Question (55) For repayment of loan availed from Banks NBFC we come across a term known as EMI What does it stand for? Ans: Equated Monthly Installment. Question (56) Many a times we read in the news paper about CASA deposits of banks. CASA what are deposits? Ans: Demand deposits. Question (57) Credit risk to the bank is high from which of these cards? Ans: Credit cards. Question (58) Why does depreciation of an asset occur? Ans: Wear and tear. Question (59) Which accounts are allowed to be operated by cheques? Ans: Savings bank accounts and current accounts. Question (60) What does the letter L denote in term LAF as referred every now and then in relation to monetary policy of the RBI? Ans: Liquidity.