List of One liners Banking Questions for IBPS, RRB, SBI

➡ BANKING ONE LINERS
▪ Rates of Interest on deposits are determined by——— The Bank itself.
▪ Foreign exchange Reserves of India are kept in the custody of ——RBI.
▪ The Export-Import Bank of India was set up in —— January 1982.
▪ The Banking Regulation Act was implemented on—– March 10, 1949.
▪ The RBI Act was implemented on ———————– 6 March 1934.
▪ The minimum capital requirement Payment Banks is Rs —-100 cr
▪ The minimum capital requirement Small Banks is Rs —–100 cr
▪ How much percentage of the net credits of Small Finance Banks should be in priority sector lending —— 75%
▪ How much percentage of the net credits of Commercial Banks should be in priority sector lending——–40%
▪ KYC guidelines followed by the banks have been framed on the recommendations of the—–RBI.
▪ How many codes are there in SWIFT code—-8 or 11(4—bank code,2-country code,2-location code,3—branch code)
▪ Regulator of Capital Market……..SEBI
▪ When a bank returns a cheque unpaid, it is called—–Dishonor cheque
▪ Banking Ombudsman Scheme is applicable to the business of— All scheduled commercial banks including RRBs.
▪ World Investment Report has been published by—UNCTAD.
▪ The full form of ‘CORE’ —- Centralized Online Realtime Exchange.
▪ RBI was nationalized on – —– 1 January 1949.
▪ SDR, the currency of the IMF, is in the form of —— Book keeping entry only.
▪ In India, National income is estimated by —- Central Statistical Organization(CSO).
▪ What would be the New Price Index that would measure inflation——- CPI (2012).
▪ The Chairman of SEBI is nominated by —— GoI.
▪ The full form LAF —– Liquidity Adjustment Facility(repo,reverese repo).
▪ ‘Ways and Means’ advances refers to —– The temporary advance made to the government by its Bankers to bridge the interval between expenditure and the flow of receipt of revenues.
▪ Transferring local financial assets into foreign financial asset freely and at market determined exchange rates——– Capital Accounts Convertibility.
▪ Unsecured bonds that cannot be converted to company equity or stock —- Non Convertible Debentures.
▪ CIBIL score range —– 300-900.
▪ Foreign Currency which has a tendency of quick migration is called-Hot Currency.
▪ World Development Report published by—— World bank
▪ Educational for All Development Index is released by —- UNO
▪ World Economic Outlook” Report —— IMF.
▪ On the basis of recommendations of which of the following committees NABARD was established——sivaramana committee.
▪ RRBs is established in —— 2 Oct 1975.
▪ SBI establishment day is celebrated on —— 1st July.
▪ What is the full form of IIP——- Index of Industrial Production.
▪ Call money is related to —— Money market.
▪ Report on Currency and Finance ——RBI.
▪ Which day is celebrated as the Banks Nationalization Day —— 19 july
▪ Nationalize 14 major commercial bank on —-19 july,1969(deposit over 50 cr).
▪ 6 more private banks were nationalized on —-1980(deposits over 200 crores).
▪ currency which is hyper sensitive and fluctuates frequently.—-Soft currency(weak currency).
▪ In NUUP, a customer can access banking services by just pressing —–*99#.
▪ How many digits are there in Mobile Money Identifier(MMID)—-7
▪ How User will know whether his/her AADHAAR number is seeded/linked to any bank account number or not—–dial *99*99# on mobile
▪ A customer can link how many account to the same mobile number—-more than one.
▪ Which of the following is the parent organisation of UPI—-NPCI.
▪ Customers using the UPI system only share —-vIRTUAL ADDRESS.
▪ What is the upper transaction limit of UPI system—-1 lakh.
▪ The following acts helps a bank in its day-to-day activities —- Negotiable Instruments Act..
▪ Transfer of any instrument to another person by signing on its back or face or on a slip of paper attached to it is known as…….. endorsement.
▪ What is meant by a scheduled bank—- A bank included in 2nd schedule of RBI Act, 1934.
▪ The Definition of ‘Banking’ is given in—- The Banking Regulation Act, 1949.
▪ Banks are required to maintain SLR under —– Section 24 of the Banking Regulation Act.
▪ “Micro Credit” means —— Loan of very small amount
▪ Expand FSDC—– Financial Stability and Development Council
▪ Certificate of Deposits can be issued for a maximum period of—365 days(minimum 7 days)
▪ LLP— Limited Liability Partnership.
▪ One rupee notes bear the signature of………. Secretary, Ministry of Finance.
▪ security on immovable property for a loan given by a bank —– Mortagage.
▪ What is “Stagflation —– inflation after deflations.
▪ National Savings Certificate matures at the end of—- 5 years.
▪ Certificates of Deposits have a minimum value of _—- 1 lakh.
▪ Under which method of note-issue the RBI issues notes—- Minimum Reserve System.
▪ A rise in the reserve ratio of banks —- Will lead to a decrease in the money supply
▪ FCNR accounts can be opened and maintained as—— Term Deposit Accounts
▪ An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company—– IDR
▪ Interest on the savings bank accounts is compounded —— Daily
▪ Current account becomes dormant when there are no withdrawals for the last— 2 years
▪ A cheque becomes stale after —- 3 months
▪ is a temporary pass through account held by a third party during the process of a transaction between two parties— Escrow Account
▪ CRAR—– Capital to Risk (Weighted) Assets Ratio
▪ On a cheque instead of two parallel lines only bank’s name is written. It is a—— Special crossing
▪ Concept of tobin tax is associated with—Foreign exchange transctions
▪ A NBFC prohibited—-accepted demand deposits
▪ A account is mainted by an indian bank in the foreign countries—-Nostro account
▪ ASBA(Applications Supported by Blocked Amount) is associated with—IPO
▪ Banking Ombudsmen is appointed by RBI under—Banking Regulation act
▪ Systematic investment plan is related to —– mutual funds
▪ A NBFC is a company registerd under —-Companies act,1956
▪ The interest rate charged by banks to their largest, most secure, and most creditworthy customers on short-term loans—- Prime lending rate:
▪ A loan offered to an individual who does not qualify for a loan at the prime rate due to their credit history—- Sub prime lending
▪ Is introduction necessary while opening a bank account—-NO
▪ PSLC —-Priority Sector Lending Certificates
▪ The Banking Ombudsman Scheme is introduced under—–Section 35 A of the Banking Regulation Act, 1949
▪ Maximum amount of compensation as specified under Banking Ombudsman—–10 lakh
▪ Maximum amount for mental agony and harassment in case of creditcard—-1 lakh
▪ Commercial Paper (CP) introduce in—— 1990
▪ minimum and maximum period of maturity prescribed for CP—-7days—1 year
▪ In what denominations a CP that can be issued—–5 lakh or multiples thereof.
▪ which date Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ? 500/- and ? 1000/—November 8
▪ Fully KYC complaint account holders may be allowed to withdraw of PMJDY For month–10000
▪ Non KYC compliant account holders may be allowed to withdraw of PMJDY For month—5000
▪ PMGKDS stands— Pradhan Mantri Garib Kalyan Deposit Scheme,2016– Taxation and Investment Regime
▪ Last date declarant make the deposit into the scheme PMGKDS—- March 2017
▪ Who defines a person resident in India— Foreign Exchange Management Act, 1999 (FEMA)
▪ ATMs set up, owned and operated by non-banks are called—-White Label ATMs