________ is a temporary pass through account held by a third party during the pr
ocess of a transaction between two parties--- Escrow Account
Ways and Means advances refers to ----- The temporary advance made to the governme nt by its Bankers to bridge the interval between expenditure and the flow of rec eipt of revenues. Micro Credit means ------ Loan of very small amount 6 more private banks were nationalized on ----1980(deposits over 200 crores). A account is mainted by an indian bank in the foreign countries----Nostro accoun t A cheque becomes stale after ---- 3 months A customer can link how many account to the same mobile number----more than one. A loan offered to an individual who does not qualify for a loan at the prime rat e due to their credit history---- Sub prime lending A NBFC is a company registerd under ---- Companies act,1956 A NBFC prohibited---- accepted demand deposits A Non-Banking Financial Company (NBFC) is a company registered under the----Comp anies Act, 1956 A rise in the reserve ratio of banks ---- Will lead to a decrease in the money s upply An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company----- IDR ASBA(Applications Supported by Blocked Amount) is associated with---IPO ATMs set up, owned and operated by non-banks are called----White Label ATMs Banking Ombudsman Scheme is applicable to the business of--- All scheduled comme rcial banks including RRBs. Banking Ombudsmen is appointed by RBI under---Banking Regulation act Banks are required to maintain SLR under ----- Section 24 of the Banking Regulat ion Act. Call money is related to ------ Money market. Can NBFC accept demand deposits ---- no Certificate of Deposits can be issued for a maximum period of---365 days(minimum 7 days) Certificates of Deposits have a minimum value of _---- 1 lakh. CIBIL score range ----- 300-900. Commercial Paper (CP) introduce in------ 1990 Concept of tobin tax is associated with---Foreign exchange transctions CRAR----- Capital to Risk (Weighted) Assets Ratio Currency which is hyper sensitive and fluctuates frequently.----Soft currency(we ak currency). Current account becomes dormant when there are no withdrawals for the last--- 2 years Customers using the UPI system only share ----vIRTUAL ADDRESS. Educational for All Development Index is released by ---- UNO Expand FSDC----- Financial Stability and Development Council FCNR accounts can be opened and maintained as------ Term Deposit Accounts Foreign Currency which has a tendency of quick migration is called-Hot Currency. Foreign exchange Reserves of India are kept in the custody of ------RBI. Fully KYC complaint account holders may be allowed to withdraw of PMJDY For mont h--10000 How many codes are there in SWIFT code----8 or 11(4 bank code,2-country code,2-loc ation code,3 branch code) How many digits are there in Mobile Money Identifier(MMID)----7 How much percentage of the net credits of Commercial Banks should be in priority sector lending--------40% How much percentage of the net credits of Small Finance Banks should be in prior ity sector lending ------ 75% How User will know whether his/her AADHAAR number is seeded/linked to any bank a ccount number or not-----dial *99*99# on mobile In India, National income is estimated by ---- Central Statistical Organization( CSO). In NUUP, a customer can access banking services by just pressing -----*99#. In what denominations a CP that can be issued-----5 lakh or multiples thereof. Interest on the savings bank accounts is compounded ------ Daily Is Deposit Insurance and Credit Guarantee Corporation available to depositors of NBFCs---No Is introduction necessary while opening a bank account----NO KYC guidelines followed by the banks have been framed on the recommendations of the-----RBI. Last date declarant make the deposit into the scheme PMGKDS---- March 2017 LLP--- Limited Liability Partnership. Maximum amount for mental agony and harassment in case of creditcard----1 lakh Maximum amount of compensation as specified under Banking Ombudsman-----10 lakh Minimum and maximum period of maturity prescribed for CP----7days---1 year National Savings Certificate matures at the end of---- 5 years. Nationalize 14 major commercial bank on ----19 july,1969(deposit over 50 cr). Non KYC compliant account holders may be allowed to withdraw of PMJDY For month- --5000 On a cheque instead of two parallel lines only bank s name is written. It is a---- -- Special crossing On the basis of recommendations of which of the following committees NABARD was established------sivaramana committee. One rupee notes bear the signature of.......... Secretary, Ministry of Finance. PMGKDS stands--- Pradhan Mantri Garib Kalyan Deposit Scheme,2016-- Taxation and Investment Regime PSLC ----Priority Sector Lending Certificates Rates of Interest on deposits are determined by--------- The Bank itself. RBI was nationalized on - ----- 1 January 1949. Regulator of Capital Market........SEBI Report on Currency and Finance ------RBI. RRBs is established in ------ 2 Oct 1975. SBI establishment day is celebrated on ------ 1st July. SDR, the currency of the IMF, is in the form of ------ Book keeping entry only. Security on immovable property for a loan given by a bank ----- Mortagage. Systematic investment plan is related to ----- mutual funds The Banking Ombudsman Scheme is introduced under-----Section 35 A of the Banking Regulation Act, 1949 The Banking Regulation Act was implemented on----- March 10, 1949. The Chairman of SEBI is nominated by ------ GoI. The Definition of Banking is given in---- The Banking Regulation Act, 1949. The Export-Import Bank of India was set up in ------ January 1982. The following acts helps a bank in its day-to-day activities ---- Negotiable Ins truments Act.. The full form LAF ----- Liquidity Adjustment Facility(repo,reverese repo). The full form of CORE ---- Centralized Online Realtime Exchange. The interest rate charged by banks to their largest, most secure, and most credi tworthy customers on short-term loans---- Prime lending rate: The minimum capital requirement Payment Banks is Rs ----100 cr The minimum capital requirement Small Banks is Rs -----100 cr The RBI Act was implemented on ----------------------- 6 March 1934. 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 la bel ATM Transfer of any instrument to another person by signing on its back or face or o n a slip of paper attached to it is known as........ endorsement. Transferring local financial assets into foreign financial asset freely and at m arket determined exchange rates-------- Capital Accounts Convertibility. Under which method of note-issue the RBI issues notes---- Minimum Reserve System . Unsecured bonds that cannot be converted to company equity or stock ---- Non Con vertible Debentures. What is Stagflation ----- inflation after deflations. What is meant by a scheduled bank---- A bank included in 2nd schedule of RBI Act , 1934. What is the full form of IIP------- Index of Industrial Production. What is the upper transaction limit of UPI system----1 lakh. What would be the New Price Index that would measure inflation------- CPI (2012) . When a bank returns a cheque unpaid, it is called-----Dishonor cheque When did Payment and Settlement Systems Act----20 th dec 2007. Which date Withdrawal of Legal Tender Character of the old Bank Notes in the den ominations of ? 500/- and ? 1000/---November 8 Which day is celebrated as the Banks Nationalization Day ------ 19 july Which of the following is the parent organisation of UPI----NPCI. Who defines a person resident in India--- Foreign Exchange Management Act, 1999 (FEMA) World Development Report published by------ World bank World Economic Outlook Report ------ IMF. World Investment Report has been published by---UNCTAD. Sharing is Caring...