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December 18, 2016

Top 100 One Liners on Banking Awareness

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Hi friends, I am Sarath Chandra Reddy. Today I am sharing Banking Top 100 One Liners for upcoming Bank Exams. Happy Reading.

Banking Awareness One-Liners

  1. ________ is a temporary pass through account held by a third party during the process of a transaction between two parties--- Escrow Account
  2. ‘Ways and Means’ advances refers to ----- The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues.
  3. “Micro Credit” means ------ Loan of very small amount
  4. 6 more private banks were nationalized on ----1980(deposits over 200 crores).
  5. A account is mainted by an indian bank in the foreign countries----Nostro account
  6. A cheque becomes stale after ---- 3 months
  7. A customer can link how many account to the same mobile number----more than one.
  8. A loan offered to an individual who does not qualify for a loan at the prime rate due to their credit history---- Sub prime lending
  9. A NBFC is a company registerd under ---- Companies act,1956
  10. A NBFC prohibited---- accepted demand deposits
  11. A Non-Banking Financial Company (NBFC) is a company registered under the----Companies Act, 1956
  12. A rise in the reserve ratio of banks ---- Will lead to a decrease in the money supply
  13. An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company----- IDR
  14. ASBA(Applications Supported by Blocked Amount) is associated with---IPO
  15. ATMs set up, owned and operated by non-banks are called----White Label ATMs
  16. Banking Ombudsman Scheme is applicable to the business of--- All scheduled commercial banks including RRBs.
  17. Banking Ombudsmen is appointed by RBI under---Banking Regulation act
  18. Banks are required to maintain SLR under ----- Section 24 of the Banking Regulation Act.
  19. Call money is related to ------ Money market.
  20. Can NBFC accept demand deposits ---- no
  21. Certificate of Deposits can be issued for a maximum period of---365 days(minimum 7 days)
  22. Certificates of Deposits have a minimum value of _---- 1 lakh.
  23. CIBIL score range ----- 300-900.
  24. Commercial Paper (CP) introduce in------ 1990
  25. Concept of tobin tax is associated with---Foreign exchange transctions
  26. CRAR----- Capital to Risk (Weighted) Assets Ratio
  27. Currency which is hyper sensitive and fluctuates frequently.----Soft currency(weak currency).
  28. Current account becomes dormant when there are no withdrawals for the last--- 2 years
  29. Customers using the UPI system only share ----vIRTUAL ADDRESS.
  30. Educational for All Development Index is released by ---- UNO
  31. Expand FSDC----- Financial Stability and Development Council
  32. FCNR accounts can be opened and maintained as------ Term Deposit Accounts
  33. Foreign Currency which has a tendency of quick migration is called-Hot Currency.
  34. Foreign exchange Reserves of India are kept in the custody of ------RBI.
  35. Fully KYC complaint account holders may be allowed to withdraw of PMJDY For month--10000
  36. How many codes are there in SWIFT code----8 or 11(4—bank code,2-country code,2-location code,3—branch code)
  37. How many digits are there in Mobile Money Identifier(MMID)----7
  38. How much percentage of the net credits of Commercial Banks should be in priority sector lending--------40%
  39. How much percentage of the net credits of Small Finance Banks should be in priority sector lending ------ 75%
  40. How User will know whether his/her AADHAAR number is seeded/linked to any bank account number or not-----dial *99*99# on mobile
  41. In India, National income is estimated by ---- Central Statistical Organization(CSO).
  42. In NUUP, a customer can access banking services by just pressing -----*99#.
  43. In what denominations a CP that can be issued-----5 lakh or multiples thereof.
  44. Interest on the savings bank accounts is compounded ------ Daily
  45. Is Deposit Insurance and Credit Guarantee Corporation available to depositors of NBFCs---No
  46. Is introduction necessary while opening a bank account----NO
  47. KYC guidelines followed by the banks have been framed on the recommendations of the-----RBI.
  48. Last date declarant make the deposit into the scheme PMGKDS---- March 2017
  49. LLP--- Limited Liability Partnership.
  50. Maximum amount for mental agony and harassment in case of creditcard----1 lakh
  51. Maximum amount of compensation as specified under Banking Ombudsman-----10 lakh
  52. Minimum and maximum period of maturity prescribed for CP----7days---1 year
  53. National Savings Certificate matures at the end of---- 5 years.
  54. Nationalize 14 major commercial bank on ----19 july,1969(deposit over 50 cr).
  55. Non KYC compliant account holders may be allowed to withdraw of PMJDY For month---5000
  56. On a cheque instead of two parallel lines only bank’s name is written. It is a------ Special crossing
  57. On the basis of recommendations of which of the following committees NABARD was established------sivaramana committee.
  58. One rupee notes bear the signature of.......... Secretary, Ministry of Finance.
  59. PMGKDS stands--- Pradhan Mantri Garib Kalyan Deposit Scheme,2016-- Taxation and Investment Regime
  60. PSLC ----Priority Sector Lending Certificates
  61. Rates of Interest on deposits are determined by--------- The Bank itself.
  62. RBI was nationalized on - ----- 1 January 1949.
  63. Regulator of Capital Market........SEBI
  64. Report on Currency and Finance ------RBI.
  65. RRBs is established in ------ 2 Oct 1975.
  66. SBI establishment day is celebrated on ------ 1st July.
  67. SDR, the currency of the IMF, is in the form of ------ Book keeping entry only.
  68. Security on immovable property for a loan given by a bank ----- Mortagage.
  69. Systematic investment plan is related to ----- mutual funds
  70. The Banking Ombudsman Scheme is introduced under-----Section 35 A of the Banking Regulation Act, 1949
  71. The Banking Regulation Act was implemented on----- March 10, 1949.
  72. The Chairman of SEBI is nominated by ------ GoI.
  73. The Definition of ‘Banking’ is given in---- The Banking Regulation Act, 1949.
  74. The Export-Import Bank of India was set up in ------ January 1982.
  75. The following acts helps a bank in its day-to-day activities ---- Negotiable Instruments Act..
  76. The full form LAF ----- Liquidity Adjustment Facility(repo,reverese repo).
  77. The full form of ‘CORE’ ---- Centralized Online Realtime Exchange.
  78. The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans---- Prime lending rate:
  79. The minimum capital requirement Payment Banks is Rs ----100 cr
  80. The minimum capital requirement Small Banks is Rs -----100 cr
  81. The RBI Act was implemented on ----------------------- 6 March 1934.
  82. Those Automated Teller Machines where hardware and the lease of the ATM machine is owned by a service provider, but cash management and connectivity to banking networks is provided by a sponsor bank whose brand is used on the ATM---Brown label ATM
  83. Transfer of any instrument to another person by signing on its back or face or on a slip of paper attached to it is known as........ endorsement.
  84. Transferring local financial assets into foreign financial asset freely and at market determined exchange rates-------- Capital Accounts Convertibility.
  85. Under which method of note-issue the RBI issues notes---- Minimum Reserve System.
  86. Unsecured bonds that cannot be converted to company equity or stock ---- Non Convertible Debentures.
  87. What is “Stagflation ----- inflation after deflations.
  88. What is meant by a scheduled bank---- A bank included in 2nd schedule of RBI Act, 1934.
  89. What is the full form of IIP------- Index of Industrial Production.
  90. What is the upper transaction limit of UPI system----1 lakh.
  91. What would be the New Price Index that would measure inflation------- CPI (2012).
  92. When a bank returns a cheque unpaid, it is called-----Dishonor cheque
  93. When did Payment and Settlement Systems Act----20 th dec 2007.
  94. Which date Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ? 500/- and ? 1000/---November 8
  95. Which day is celebrated as the Banks Nationalization Day ------ 19 july
  96. Which of the following is the parent organisation of UPI----NPCI.
  97. Who defines a person resident in India--- Foreign Exchange Management Act, 1999 (FEMA)
  98. World Development Report published by------ World bank
  99. World Economic Outlook” Report ------ IMF.
  100. World Investment Report has been published by---UNCTAD.
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