Banking Knowledge capsule

Q1. The concept of payment banks was suggested by which committee ?

Ans. Nachiket Mor

Q2. The Balance Sheet and Profit and Loss Account of a bank in India are prepared according to set "Proforma" provided by:

Ans. Banking Regulations Act, 1949

Q3. BASEL III should have been implemented initially in full by all SCBs before :

Ans. 31.03.2019

Q4. ECGS means :

Ans. Export Credit Guarantee Corporation

Q5. What is the amount of loan in Tarun Segment of MUDRA loan?

Ans. Above ₹5 lakh to ₹10 lakh

Q6. Who is the appellate authority for banking ombudsman scheme?

Ans. Deputy Governor RBI

Q7. CRMC under risk management deals with :

Ans. Credit Risk Management Committee

Q8. Which statement is called " Where Got and Where Gone" ?

Ans. Cash Flow

Q9. A bond carries a specific interest rate which is called :

Ans. Coupon Rate

Q10. EBITDA margin refers to 

Ans. Earnings Before Interest Taxes Depreciation and Amortization 

Q11. When the bank's lock is fixed on the godown, the charge is known as :

Ans. Pledge

Q12. CRR refers to the share of ____ that banks have to maintain with RBI of their net demand and time liabilities.

Ans. Liquid cash

Q13. An unsecurd loan extended by one corporate to another is called :

Ans. Commercial Paper

Q14. BCSBI stands for :

Ans. Banking Codes and Standards Board of India

Q15. Scheduled Bank means a bank -

Ans. included in the Second Schedule to the RBI Act, 1934

Q16. Sec 131 of Negotiable Instrument Act, 1881 extends protection to the -

Ans. Collection Banker

Q17. Which rates is not decided by RBI ?

Ans. Base Rate

Q18. Which rates are decided by RBI ?

Ans. Bank Rate, Repo Rate, Cash Reserve Ratio, Reverse Repo Rate

Q19. Banking Ombudsman Scheme is applicable to the business of -

Ans. All scheduled commercial banks including RRBs

Q20. What does EBT stands for ?

Ans. Electronic Benefit Transfer

Q21. What is CRAR ?

Ans. Capital to Risk Asset Ratio

Q22. Which document is not required for opening a bank account ?

Ans. Domicile Certificate

Q23. SFMS stands for -

Ans. Structured Through Financial Messaging System

Q24. All Cash Transaction (CTR) of more than ₹__ lakhs equivalent in foreign currency be reported to FIU-IND every month on or before ____ of succeeding month as per POMLA Act -

Ans. ₹10 lakhs, 15th

Q25. Fixed Deposit is which types of instrument?

Ans. Not Negotiable