Banks Special - Banking Awareness
1. Loans not exempted from Base Rate Purview?
Ans. Consortium Advance
2. Visually challenged persons are allowed to avail the following banking facilities?
A) Cheque Book
B) Debit Card
C) ATM card
D) Locker
Ans. (B) Debit Card
3. Housing Loan up to __________ is treated as Priority Sector
Ans. 25 lakh in Metro with population above 10 lakh to 15 lakh in other centres
4. Nominee can exercise his right
Ans. On the death of the depositor
5. Balances under Cash Reserve Ratio(CRR) earn interest @ __________
Ans. No interest
6. Banks are allowed to accept deposits under Capital Gains Scheme in ___________
Ans. Savings & Fixed
7. During March 2015, a reserve Bank of India (RBI) committee had recommended introduction of PSLCs to enable banks "to meet their PSL requirements even while leveraging their comparitiveadvantage in lending". What does the PSLC sands for?
Ans. Priority Sector Lending Certificates
8. Zero Coupon Bonds refers to
Ans. Bond issued at discount from its face value without interest
9. ATMs that are owned and managed by non-banking entities are called as ________
Ans. White label ATM
10. For transfer of funds through NEFT(National Electronic Fund Transfer) and minimum and maximum amount that can be transferred are
Ans. Rs. 5,000 and maximum 1 lakh
1. Loans not exempted from Base Rate Purview?
Ans. Consortium Advance
2. Visually challenged persons are allowed to avail the following banking facilities?
A) Cheque Book
B) Debit Card
C) ATM card
D) Locker
Ans. (B) Debit Card
3. Housing Loan up to __________ is treated as Priority Sector
Ans. 25 lakh in Metro with population above 10 lakh to 15 lakh in other centres
4. Nominee can exercise his right
Ans. On the death of the depositor
5. Balances under Cash Reserve Ratio(CRR) earn interest @ __________
Ans. No interest
6. Banks are allowed to accept deposits under Capital Gains Scheme in ___________
Ans. Savings & Fixed
7. During March 2015, a reserve Bank of India (RBI) committee had recommended introduction of PSLCs to enable banks "to meet their PSL requirements even while leveraging their comparitiveadvantage in lending". What does the PSLC sands for?
Ans. Priority Sector Lending Certificates
8. Zero Coupon Bonds refers to
Ans. Bond issued at discount from its face value without interest
9. ATMs that are owned and managed by non-banking entities are called as ________
Ans. White label ATM
10. For transfer of funds through NEFT(National Electronic Fund Transfer) and minimum and maximum amount that can be transferred are
Ans. Rs. 5,000 and maximum 1 lakh
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