Banks Special - Banking Awareness

                                Banks Special - Banking Awareness

1. Cash kept in the currency chest is owned by
Ans. Reserve Bank of India 

2. Bank can't proceed against the borrower under SARFAESI Act where
Ans. Liability is less than 1 lakh

3. The minimum capital required to start a new private sector bank is?
Ans. 500 crore

4. RBI injects liquidity through
Ans. Reduction of Repo Rate

5. A customer requested to include his wife and daughter as nominees after one year of opening of the account. Will it be accepted?
Ans. Nomination should be made only in favour of single name. Hence can't be considered

6. What is the relationship between the Bank and Overdraft Customer where the account is showing credit balance?
Ans. Debtor & Creditor

7. Who is known as Father of 'White Revolution' in India?
Ans. Verghese Kurien

8. Who owns the Share Capital of the RBI?
Ans. Govt. of India

9. Warren Buffet, considered world's most successful investor of the 20th century and one of the world's wealthiest people belongs to which country?
Ans. USA

10. The largest exporter of diary products in India is?

Ans. Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)