Bank questions current affairs

101. After completion of 15 years, Public Provident
Fund (PPF) can be extended up to how many
years?
Ans: 5 years

102. Short term Money lending process is known as:
Ans: Call Money

'103. Treasury bill tenure:
Ans: 91 days, 182 days, 364 days

104. Minimum limit for medium scale enterprises is
Rs. 5 Cr. what is maximum limit?
Ans: 10 Cr.

105. Prime Lending Rate is replaced by:
Ans: Base rate

106. Banks cannot grant Loan below which rate:
Ans: Base Rate

107. If RBI reduces CRR, what happens:
Ans: Credit Supply increases, loans get cheaper.

108. Name the scheme to include every people
under banking system:
Ans: Financial Inclusion

109. Special Drawing Right (SDR) is a monetary
unit of:
Ans: IMF

110. Cheque which is not crossed is called:
Ans: Open cheque

111. Teaser rates are related to which type of
loans:
Ans: Home loans

112. What is Teaser loan?
Ans: If a bank offers a slightly lower rate in the
initial years and higher rate in later years, it is
called a teaser loan.

113. The RBI policy rate which is purely an
indicative rate used by RBI to signal long – term
outlook on interest rates is:
Ans: Bank rate

114. The term ‘pre – shipment’ finance relates to:
Ans: export credit

115. A receipt listed in India and traded in rupees
declaring ownership of shares of a foreign
company:
Ans: Indian Depository Receipt (IDR)

116. With effect from July 2012, for calculating of
lending rates, the RBI has advised banks to switch
over to the:
Ans: Base Rate systems

117. Mobile banking fund transfer limit in a day:
Ans: Rs. 50,000

118. The seed capital of Bhartiya Mahila Bank is:
Ans: Rs.1000 crore

119. “Lender of the Last Resort” by Banks is
known as:
Ans: RBI

120. “Fixed deposit” is also referred to as:
Ans: Term Deposit

121. The holidays for the banks are declared as
per:
Ans: Negotiable Instruments Act

122. In banking business, when the borrowers avail
a term Loan, initially they are given a repayment
holiday and this is referred as:
Ans: Moratorium

123. Regulator of Micro, Small and Medium
enterprises in India:
Ans: SIDBI (Small Industries Development Bank of
India)

124. A worldwide financial messaging network which
exchanges between banks and financial institutions
is known as:
Ans: Structured Financial Messaging System
(SFMS)

125. The term “Smart Money” refers to:
Ans: Credits Card

126. The maximum deposit amount insured by
DICGC?
Ans: Rs. 1 lakh per depositors across all banks

127. With reference to a cheque which is the
‘drawee bank’?
Ans: The bank upon which the cheque is drawn

128. In which of the following fund transfer
mechanisms, can funds be moved from one bank to
another and where the transaction is settled
instantly without being bunched with any other
transaction?
Ans: RTGS

129. Bad advances of a Bank are called:
Ans: Non – performing Asset- NPA

130. By increasing repo rate, the economy may
observe the following effects:
Ans: rate of interest on loans and advances will be
costlier

131. Increased interest rates, as is existing in the
economy at present will:
Ans: mean higher cost of raw materials

132. The sole authority to issue and manage
currency in India:
Ans: RBI

133. In India, one- rupee coins are issued by:
Ans: Govt. of India

134. Fixed deposits and recurring deposits are:
Ans: repayable after an agreed period

135. When a bank returns a cheque unpaid, it is
called:
Ans: dishonour of the cheque

136. What is ‘Demat Accounts’?
Ans: Accounts in which shares of various companies
are traded in electronic form

137. When the rate of inflation increases:
Ans: purchasing power of money decreases

138. Banks in India are regulated under:
Ans: Banking Regulation Act, 1949

139. Banking sector falls under which of the
following sectors?
Ans: Service Sector

140. ASBA scheme is related to the purchase of:
Ans: IPO

141. In a bank, which of the following are the usual
types of accounts?
Ans: Current accounts, Savings bank accounts and
Term deposit accounts

142. The most powerful tool used by the Reserve
Bank of India to control inflation is to:
Ans: raise interest rates

143. NEFT and RTGS in banking terminology speak
of:
Ans: electronic fund transfer from bank to bank

144. The ownership of public sector banks rests:
Ans: jointly with the Government of India and the
shareholders from the public

145. If a cheque is postdated, the bank on which it
is drawn:
Ans: will not honour the cheque before the date of
the cheque

146. Regulator of Capital Market in India:
Ans: SEBI

147. First Indian Bank to introduce credit card:
Ans: Central Bank of India

148. RBI nationalized in:
Ans: 1949

149. Loans of very small amounts given to low
income groups is called:
Ans: Micro Credit

150. RBI established in:
Ans: 1935.
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