January Month Banking Awareness 2018

January Month Banking Information 2018: 1. The State Bank of India reduced the base rate and benchmark prime lending rates by 30 basis points each, which will benefit nearly 80 lakh customers on the old pricing regime. 2. As per the HSBC report,Click here

Banking Awareness Study Material 2017 Set – 275

Banking Awareness Practice Set 1. ____________, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured. Answer : Broker 2. In which among the following year National IClick here

Banking Awareness Study Material 2017 Set – 274

Banking Awareness Practice Set 1. In which among the following year United India Insurance Company Limited was incorporated? Answer : 1938 2. Insurance firm AIA Group Ltd has decided to increase its stake in Tata AIA Life Insurance Co Ltd, a joinClick here

Banking Awareness Study Material 2017 Set – 273

Banking Awareness Practice Set 1. ____________ is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Answer : Life Insurance 2. ULIP is a life insurance product, which provides risk coverClick here

Banking Awareness Study Material 2017 Set – 272

Banking Awareness Practice Set 1. _____________ a/an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. Answer : InsClick here

Banking Awareness Study Material 2017 Set – 271

Banking Awareness Practice Set 1. With effect from March 31, 2005, an asset would be classified as _____________ if it has remained in the sub­standard category for a period of 12 months. Answer : Doubtful Assets 2. What is the financial limit UnClick here

Banking Awareness Study Material 2017 Set – 270

Banking Awareness Practice Set 1. __________ An asset, including a leased asset, becomes non­ performing when it ceases to generate income for the bank. Answer : NPA 2. NPA stands for Answer : Non ­performing Assets 3. MUDRA is a financial Click here

Banking Awareness Study Material 2017 Set – 269

Banking Awareness Practice Set 1. Who is the first Governor of RBI? Answer : Osborne Smith 2. Scheduled Banks of India are those banks, which are? Answer : Included in Second Schedule of RBI Act, 1934 3. Which banks is not merged with SBI Click here

Banking Awareness Study Material 2017 Set – 268

Banking Awareness Practice Set 1. Infrastructure Finance Company (IFC) is a non-banking finance company has a minimum Net Owned Funds of- Answer : Rs.300 Crore 2. Under which act NBFCs are incorporated? Answer : Companies Act, 1956 3. An Click here

Banking Awareness Study Material 2017 Set – 267

Banking Awareness Practice Set 1. Which Bank has launched 10-second paperless instant loan Scheme? Answer : HDFC 2. Which among the following organisation to provide Rs 30,000 crore credit to farmers for irrigation? Answer : NABARD 3. Which bClick here

Banking Awareness Study Material 2017 Set – 266

Banking Awareness Practice Set 1. ___________ to provide guaranteed clearing and settlement functions for transactions in Money, G-Secs, Foreign Exchange and Derivative markets. Answer : CCIL 2. _________ will be authorised operational entitiesClick here

Banking Awareness Study Material 2017 Set – 265

Banking Awareness Practice Set 1. NPCI is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). What does NPCI stands forClick here

Banking Awareness Study Material 2017 Set – 264

Banking Awareness Practice Set 1. Under OLTAS, only a Single Copy Challan is used with a tear off portion for the Tax Payer. What does OLTAS stand for Answer : On-line Tax Accounting System 2. What is the minimum period of maturity prescribed for Click here

Banking Awareness Study Material 2017 Set – 263

Banking Awareness Practice Set 1. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992 Answer : Statutory body 2. Which is a function of SEBI? AnsClick here

Banking Awareness Study Material 2017 Set – 262

Banking Awareness Practice Set 1. What is the purpose of KYC in banking? Answer : It is used for money laundering 2. Which types of cards is free from credit risk? Answer : Debit Card 3. FATF is an inter-governmental body established in _____Click here

Banking Awareness Study Material 2017 Set – 261

Banking Awareness Practice Set 1. Fiscal policy is concerned with which of the following? Answer : Public Revenue and Expenditure 2. In which of the following types of banking, there is a direct execution of the transaction between a bank and its Click here

Banking Awareness Study Material 2017 Set – 260

Banking Awareness Practice Set 1. Deposits under Foreign Currency Non-Resident (FCNR) scheme can be accepted for a maximum of Answer : five year 2. What is the full form of FCCB? Answer : Foreign Currency Convertible Bond 3. Which institutions Click here

Banking Awareness Study Material 2017 Set – 259

Banking Awareness Practice Set 1. What is the full form of ANBC in Banking? Answer : Adjusted Net Bank Credit 2. Who is the chairman of the board of AU Small Finance Bank? Answer : Mannil Venugopalan 3. Who was the chairperson of the ExternalClick here

Banking Awareness Study Material 2017 Set – 258

Banking Awareness Practice Set 1. The Reserve Bank of India (RBI) has granted “in-principle” approval to the ________ applicants to set up small finance banks under the “Guidelines for Licensing of Small Finance Banks? Answer : 10 2. The miClick here

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