Banks Special - Banking Awareness

                      Banks Special - Banking Awareness

1. Call money Market interest are linked to...................
Ans. Market Forces

2. Transaction Password relates to ...............
Ans. Internet Banking

3. Nomination in respect of the following is to be witnessed by two persons.
A) All deposit accounts
B) Deposit accounts where the nominee is a minor
C) Physically challenged accounts
D) Thumb impression accounts
Ans. (D) Thumb mpression accounts

4. When the contents of the Negotiable Instrument are modified by the drawer, it is treated as
Ans. Material alteration

5. Prepayment charges are exempted for
Ans. Housing Loans,Education Loans, Agriculture Loans

6. IFSC code consists of _______ Digits
Ans. 11

7. One Bank account per family is mandatory to avail
Ans. Direct Benefit Transfer benefit(subsidy)

8. What is the time limit to furnish the requested information under Right to Information Act(RTI) and what is the penalty for non-compliance of the said norm?
Ans. 30 days & Rs.100 per day

9. The documents to be insisted from a NRI for opening an account is 
Ans. Copies of Passport and VISA, Local and Overseas adresses, Compliance of KYC norms and Latest Passport size photographs

10. Minimum and Maximum period of Certificate of Deposits

Ans. 7 days & 1 year