... 4 37. What is a type of home loan for older homeowners that requires no monthly mortgage...
Transcript of ... 4 37. What is a type of home loan for older homeowners that requires no monthly mortgage...
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1. What is the full form of 'PCA'?
- Prompt Corrective Action. 'PCA'. PCA is a
mechanism that will be forced by Reserve
Bank of India upon banks that shows signs of
stress which means the banks which have low
capital adequacy or high Non-performing
Assets.
2. What is the full form of 'GDR'?
- Global Depositary Receipt. A global
depositary receipt (GDR) is a bank certificate
issued in more than one country for shares in
a foreign company. The shares are held by a
foreign branch of an international bank. The
shares trade as domestic shares but are
offered for sale globally through the various
bank branches.
3. Interest -Risk is a type of? -
- Market risk. Interest Risk is a type of Market
risk which is the potential for changes in
interest rates to reduce a bank's earnings and
lower its net worth.
4. What is Credit risk?
- Credit risk is the associated with an
investment where the borrower is not able to
repay the amount to the lender. This can
occur on account of poor financial condition of
the borrower, and it represents a risk for the
lender.
5. Bharatiya Reserve Bank Note Mudran
Private Limited (BRBNMPL), subsidiary of
Reserve Bank of India manages 2
Presses. The presses located at
- one at Mysore in Karnataka and the other at
Salboni in West Bengal.
6. An accounting term that refers to the
process of allocating the cost of an
intangible asset over a period of time is
known as -
- Amortization.
7. CASA stands for-
- Current and Savings account. A current
account savings account (CASA) is aimed at
combining the features of savings and
checking accounts to entice customers to
keep their money in the bank by paying very
low or no interest on the current account and
an above-average return on the savings
portion
8. ‘LAF’ in banking stands for -
-Liquidity adjustment facility (LAF). Liquidity
adjustment facility (LAF) is a monetary policy
tool which allows banks to borrow money
through repurchase agreements. LAF is used
to aid banks in adjusting the day to day
mismatches in liquidity. LAF consists of repo
and reverse repo operations.
9. What is Investment banking?
- Investment banking is a specific division of
banking related to the creation of capital for
other companies, governments and other
entities. Investment banks underwrite new
debt and equity securities for all types
of corporations, aid in the sale of securities,
and help to facilitate mergers and
acquisitions, reorganizations and broker
trades for both institutions and private
investors.
10. Which organization is the lender of last
resort in a country?
- Central Bank (for Example- RBI in India)
11. What is the full form of 'FATF' -
- Financial Action Task Force (FATF). FATF is
an intergovernmental organization founded in
1989 on the initiative of the G7 to develop
policies to combat money laundering. In 2001
its mandate expanded to include terrorism
financing.
12. Under call money market, funds are
transacted on--
- an overnight basis. Call Money market is
open only for scheduled commercial banks
and primary dealers.
13. What is the full form of CAGR?
- Compound Annual Growth Rate. It is a rate
for the geometric progression ratio that
provides a constant rate of return over the
time period. In this market one day
(overnight) loans can be availed by banks to
meet their short term liquidity requirements.
14. The state-owned UCO Bank
headquartered in
- Kolkata
15. What does 'NACH' stands for -
- National Automated Clearing House
(NACH).
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16. What does 'SFMS' stands for -
- Structured Financial Messaging
System. Structured Financial Messaging
System. SFMS is a secure messaging standard
developed to serve as a platform for intra-bank
and inter-bank applications. It is an Indian
standard similar to SWIFT (Society for World-Wide
Interbank Financial Telecommunications).
17. As per RBI, ARCs must have the
minimum net corpus of how much
amount crore by 2019 ?
- Rs 100 crore
18. What does 'ICO' stands for -
- Initial Coin Offering (ICO). It is an
unregulated means by which funds are raised
for a new cryptocurrency venture. An Initial
Coin Offering (ICO) is used by startups to
bypass the rigorous and regulated capital-
raising process required by venture capitalists
or banks.
19. Non-Banking Financial Company-Micro
Finance Institutions (NBFC-MFIs) is
regulated by –
- Reserve Bank of India
20. ELSS stands for -
- Equity Linked Saving Schemes. Equity-
linked savings scheme popularly known are
open-ended, diversified equity schemes
offered by mutual funds in India. They offer
tax benefits under the new Section 80C of
Income Tax Act 1961
21. The National Institute of Securities
Markets (NISM) is a public trust
established in 2006 by which of the
following organizations?
- Securities and Exchange Board of India
(SEBI)
22. What does 'SWIFT' stands for?
- Society for Worldwide Interbank Financial
Telecommunication. It is a Global
communication network that facilitates a
24-hour secure international exchange of
payment instructions between banks, central
banks, multinational corporations, and major
securities firms.
23. Bandhan Bank Limited, which is an
Indian banking and financial services
company, deals prominently in which
type of loans?
- Micro-Finance
24. What is the maximum deposit limit of
IPPB Savings Account? -
- Rs 1 Lakh
25. What do you understand by 'LTV'?
- The loan-to-value (LTV) ratio is a financial
term used by lenders to express the ratio of
a loan to the value of an asset purchased. The
term is commonly used by banks and building
societies to represent the ratio of the first
mortgage line as a percentage of the total
appraised value of real property.
26. Who is the head of the cabinet-level
committee related to the merger of
public sector banks?
- Arun Jaitley
27. Which organisation publishes the World
Economic Outlook (WEO) report?
- International Monetary Fund (IMF)
28. 'Ease of doing business' report is
published by which organisation?
- World Bank
29. Pradhan Mantri mudra yojana scheme
available in which types of banks?
- All Banks
30. What does 'UPI' stands for -
- Unified Payment Interface. A UPI is a single
window mobile payment system launched by
the National Payments Corporation of India
(NPCI).
31. What does 'RERA' stands for -
- Real Estate Regulatory Agency.
32. What is the term for the Note which has
become dirty and limp due to excessive
use is called -
- Soiled Note
33. The concern for environmental
sustainability by the banks has given rise
to the concept of
- Green Banking
34. Which type of account is interest-free
account?
- Current Account
35. What does 'WMA' Stands for?
- Ways and Means Advances. The Reserve
Bank of India gives temporary loan facilities
to the centre and state governments as a
banker to the government. This temporary
loan facility is called Ways and Means
Advances (WMA).
36. What is a type of short-term loan,
typically taken out for a period of
2 weeks to 3 years pending the
arrangement of larger or longer-term
financing
- Bridge Loan
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37. What is a type of home loan for older
homeowners that requires no monthly
mortgage payments
- Reverse mortgage
38. What is the meaning of "S" in CERSAI?
- Securitisation (Central Registry of
Securitisation Asset Reconstruction and
Security Interest of India)
39. What is the maximum compensation
offered under the banking ombudsman
scheme
- Rs 20 Lakh
40. What is the meaning of "F" in IFSC?
- Financial (Indian Financial System
Code). IFSC Code refers to Indian Financial
System Code, which is an eleven-character
code assigned by RBI to identify every bank
branches uniquely, that are participating in
NEFT system in India. This code is used by
electronic payment system applications such
as RTGS, NEFT and CFMS.
41. MMID is used for -
- Mobile Banking
42. Which bank does not issue credit cards?
- Payment Bank
43. What does SEBI stand for?
- Board (Securities and Exchange Board of
India). The Securities and Exchange Board of
India is the regulator for the securities market
in India
44. What does IFC stand for?
- Finance (International Finance
Corporation). The International Finance
Corporation is an international financial
institution that offers investment, advisory,
and asset-management services to encourage
private-sector development in developing
countries.
45. What is the full form of 'MUDRA' in
MUDRA Bank?
- Micro Units Development Refinance
Agency. MUDRA Bank is a public sector
financial institution in India. It provides loans
at low rates to micro-finance institutions and
non-banking financial institutions which then
provide credit to MSMEs.
46. What does 'SHG' stands for?
- Self-help group (SHG).
47. Which is the first payment Bank in India?
- Airtel Payments Bank Ltd
48. What is the minimum capital required for
small finance bank?
- 100 Cr
49. Cheque and DD come under which act -
- Negotiable Instrument Act 1881.
50. What is the full form of 'UPI'?
- Unified Payment Interface. Unified
Payments Interface (UPI) is a system that
powers multiple bank accounts into a single
mobile application (of any participating bank),
merging several banking features, seamless
fund routing & merchant payments into one
hood.
51. Cheque truncation system introduced in
which year?
- 2010. Cheque Truncation System (CTS) is
a cheque clearing system undertaken by the
Reserve Bank of India (RBI) for faster clearing
of cheques. As the name suggests,
truncation is the process of stopping the flow
of the physical cheque in its way of clearing.
52. The Banking Codes and Standards Board
of India was registered as a society
under which act -
- Societies Registration Act, 1860
53. National Financial Switch (NFS) is run by
- National Payments Corporation of
India (NPCI)
54. What is the meaning of "S" in MSF?
- Marginal Standing Facility. MSF is the rate at
which the banks are able to borrow overnight
funds from RBI against the approved
government securities.
55. What is the meaning of "P" in APBS?
- Aadhaar Payment Bridge System. APBS is
the new payment service offered by the
National Payments Corporation of India
(NPCI) using the “Aadhaar” number, issued by
the Unique Identification Authority of India
(UIDAI).
56. Risk of collapse of the entire financial
system on the market is called-
- Systemic risk
57. RBI was nationalized in which year?
- 1st January 1949.
58. Cheque written by drawer and dated at
some point in past is called -
- Ante-dated cheque
59. As per RBI norms on small banks, initial
promoter stake for first 5 years should
not be less than -
- 40 percent
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60. The NBFCs are allowed to accept/renew
public deposits for a minimum period of
12 months and the maximum period of
how many months?
- 60 months
61. The government of India has changed
CII base year from 1981 to-
- 2001
62. Payment Banks are not permitted to-
- Payment banks cannot issue loans and
credit cards.
63. What is the meaning of "D" in MDR?
- Discount (Merchant Discount Rate). MDR is
a fee charged from a merchant by a bank for
accepting payments from customers through
credit and debit cards in their establishments.
64. Metric which defines operating liquidity
available to business is known as?
- Working capital
65. Institute for Development & Research in
Banking Technology (IDRBT) is located
in?
- Hyderabad
66. What does 'CRR' stands for?
- Cash (Cash Reserve Ratio). It is the
percentage of cash deposits that banks need
to keep with the Reserve Bank of India on a
fortnightly basis.
67. Marginal Standing Facility (MSF) started
in which year?
- 2011-12.
68. DICGC is a government body responsible
for -
- providing insurance of deposits. Deposit
Insurance and Credit Guarantee Corporation
is a subsidiary of Reserve Bank of India. It
was established on 15 July 1978 under
Deposit Insurance and Credit Guarantee
Corporation Act, 1961 for the purpose of
providing insurance of deposits and
guaranteeing of credit facilities.
69. Where is the Headquarter of SIDBI?
- Lucknow
70. RuPay a new card payment scheme
launched by which organization?
- National Payments Corporation of India
(NPCI). RuPay is an Indian domestic card
scheme conceived and launched by the
National Payments Corporation of India
(NPCI). It was created to fulfil the Reserve
Bank of India's desire to have a domestic,
open loop, and multilateral system of
payments in India.
71. Where is the Head Office of Standard
Chartered Bank?
- London, UK
72. What does "I" stand for in LEI?
- Identifier (Legal Entity Identifier). Legal
Entity Identifier India Limited is A Wholly
Owned Subsidiary of The Clearing Corporation
of India Ltd. acts as a Local Operating Unit
(LOU) for issuing globally compatible Legal
Entity Identifiers (LEIs) in India
73. What does "E" stand for in AEPS?
- Aadhaar Enabled Payment System. AEPS is
a bank led model which allows online
interoperable financial transaction at PoS
(Point of Sale / Micro ATM) through the
Business Correspondent (BC)/Bank Mitra of
any bank using the Aadhaar authentication.
74. Class of derivative whose value is at least
partly derived from one or more
underlying stock exchange securities?
(Trade, Commodity, Credit, Interest Rate,
Equity) -
- Equity Derivative
75. The framework of Joint Lenders’ Forum
(JLF) by RBI is to strengthen the system
for revitalising the -
- stressed assets in the economy
76. Using SBI Mingle, the bank’s customers can
do a host of banking services on which
accounts at their own convenience?
- Facebook or Twitter
77. What does "M" stand for in MIBOR?
- Mumbai (Mumbai Interbank Offered Rate)
78. Where is the headquarter of Central
Registry of Securitisation Asset
Reconstruction and Security Interest of
India (CERSAI)?
- New Delhi
79. What does 'EFTPOS' stand for?
- Electronic funds transfer at point of
sale. EFTPOS is used as a method of payment
for goods and services. An EFTPOS machine is
an electronic device that assists in the
transfer of funds from a customers bank
account to a merchant(business) bank
account
80. Which bank has launched YONO (You
Need Only One) app?
- SBI
81. Where is the headquarter of IDFC Bank?
- Mumbai
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82. Bharatiya Reserve Bank Note Mudran
Private Limited (BRBNMPL) was
established by which organization?
- Reserve Bank of India.
83. Where is the headquarter of NABARD?
- Mumbai
84. What does "B" for in CBLO?
- Borrowing (Collateralized Borrowing and
Lending Obligations). A collateralized
borrowing and lending obligation (CBLO) is a
money market instrument that represents an
obligation between a borrower and a lender as
to the terms and conditions of a loan.
85. Teaser Loans are related to which type of
loans?
- Home Loans
86. What does 'SARFAESI' Act stand for?
- Securitisation and Reconstruction of
Financial Assets and Enforcement of Securities
Interest Act. This act allows banks and other
financial institution to auction residential or
commercial properties to recover loans.
87. What do you understand by Repo Rate?
- Repo rate is the rate at which the central
bank of a country (Reserve Bank of India in
case of India) lends money to commercial
banks in the event of any shortfall of
funds. Repo rate is used by monetary
authorities to control inflation.
88. What do you understand for 'Reverse
Repo Rate'?
- Reverse repo rate is the rate at which the
central bank of a country (Reserve Bank of
India in case of India) borrows money from
commercial banks within the country. It is a
monetary policy instrument which can be
used to control the money supply in the
country.
89. In a DEMAT account, actual money is
replaced by -
- Shares. A Demat Account is an account that
allows investors to hold their shares in an
electronic form. Stocks inDemat
account remain in dematerialized form.
Dematerialization is the process of converting
physical shares into electronic format.
90. What is the function of 'NACH'?
- National Payments Corporation of India
(NPCI) has implemented “National Automated
Clearing House (NACH)” for Banks, Financial
Institutions, Corporates and Government a
web-based solution to facilitate interbank,
high volume, electronic transactions which are
repetitive and periodic in nature.
91. How many digits are there in 'MICR'
code?
- The MICR code has nine digits in it. The first
three digits in the MICR code represent the
city code that is the city in which the bank
branch is located. The next three digits stand
for the bank code while the last three digits
represent the bank branch code.
92. Commercial Paper can be issued for
a period of
- Commercial Paper can be issued for
maturities between a minimum of 7 days and
a maximum of up to one year from the date
of issue.
93. What is Bankassurance?
- The selling of life assurance and other
insurance products and services by banking
institutions is known as Bankassurance.
94. Who is the appellate authority in Banking
Ombudsman?
- Deputy Governor of Reserve Bank of India.
95. Where is the headquarter of Bank of
International Settlement (BIS)?
- Basel, Switzerland
96. Bank Holidays are declared as per -
- Negotiable Instrument Act
97. MUDRA Bank is wholly owned subsidiary
of which organization?
- SIDBI
98. The headquarter of New Development
Bank (BRICKS Bank) is located in which
country?
- Shanghai, China.
99. What does 'CDR' stand for -
- Corporate Debt Restructuring. It is a
voluntary non-statutory mechanism under
which financial institutions and banks come
together to restructure the debt of companies
facing financial difficulties due to internal or
external factors, in order to provide timely
support to such companies.
100. Very small loan given to impoverished
people to help them become self-
employed is known as –
- Micro Credit
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