Banking GK which can come in Banking Exam

MICR code consists of how many digits

9 digits

10 digits

7 digits

6 digits

 

What is the minimum limit in RTGS system

2 lakhs and there is no upper limit in RTGS

3 lakhs and there is no upper limit in RTGS

4 lakhs and there is no upper limit in RTGS

1 lakhs and there is no upper limit in RTGS

 

 

What is full form of CTS

Cheque Truncation System

Cash Truncation System

Carry Forward Truncation System

None of these

 

Name the service where customers may access their bank account and perform basic transactions form any of the member branch office.

Core Banking Solution

Card Banking Solution

Cash Banking Solution

None of these

 

Exchange of cash flow in the different currency is known as

Currency Swap

Cash Swap

Chaque Swap

None of these

 

Assets or loans which stop performing after 90 days is known as

Non Performing Asset

Performing Asset

Cash Flow

None of these

 

Who controls the Monetary Policy in India

RBI

Finance Ministry

Prime Minister

None of these

 

Which card is issued by NPCI (National Payments Corporation of India)

RuPay Card

Credit Card

Debit Card

None of these

 

What is CAD

Current Account deficit.

Current Account Deposit

Cash amount deposited

None of these

 

 

What is IFSC

Indian Financial System Code

International Financial System Code

Imperial Financial System Code

None of these

 

Commercial paper can be issued for a maximum period of

365 Days or 1 year

265 Days

165 Days

None of these

 

The Mutual funds in India follow accounting standards laid by

SEBI

IRDA

RBI

None of these

 

Minimum amount for certificate of Deposit has been fixed at

1 lakh

2 lakh

3 lakh

None of these

 

AML full form

Anti Money Laundering

Automatic Money Laundering

Anytime Money Laundering

None of these

 

Full form of PIN

Personal Identification Number

People Identification Number

Personal Identity Number

None of these

 

What is Repo Rate

It is the rate  at which RBI lends money to the commercial banks.

It is the rate at which Commercial Bank lends money to the RBI.

It is the rate at which Commercial Bank lends money to the Customer.

None of these.

 

What is slate cheque

A cheque which is presented to a bank after three months from date of issue is considered as stale cheque and will often not honored for cash or deposit at a bank.

The torn cheque

The Bounce Cheque

None of these

 

What is Bancassurance

The selling of life assurance and other insurance products and services by banking institutions.

The selling of motorvehicle insurance

The selling of term plan

None of these

 

KYC full form

Know your customer

Knowledge of Young Customer

Key of your Cash

Key of your Cheque

 

KYC guidelines are issued under

Section 35A of the Banking Regulation Act, 1949

Section 34A of the Banking Regulation Act, 1951

Section 33A of the Banking Regulation Act, 1949

Section 33A of the Banking Regulation Act, 1951

 

 

In BSBDA (Basic Saving Bank Deposit Account) the credit in a Financial year does not exceed rupees

1 lakh

2 lakh

3 lakh

4 lakh

 

In BSBDA (Basic Saving Bank Deposit Account) the balance at any points of time does not exceed rupees

Rs. 50,000

Rs. 40,000

Rs. 30,000

None of these

 

In BSBDA (Basic Saving Bank Deposit Account) the withdrawals and transfers in a months can not  exceed rupees

Rs. 10,000/-

Rs. 20,000/-

Rs. 30,000/-

None of these

 

At which rate RBI give loan to commercial banks

Repo Rate

Reverse Repo Rate

Cash Flow

None of these

 

Full form of CASA

Current Account Saving Account

Cash Account and Serving Account

Cash Associate Saving Associate

None of these

 

In which denominations Commercial Paper (CP) can be issued

Rs. 5 Lakhs

Rs. 6 Lakhs

Rs. 4 Lakhs

Rs. 2 Lakhs.

 

What is the minimum denomination of Treasury Bills to issue in India

Rs. 25,000

Rs. 35,000

Rs. 45,000

Rs. 95,000

 

Who cannot issue Certificate of Deposit

Regional Rural Banks (RRBs) and Local Area Banks (LABs)

Central Bank

RBI

None of these

 

Full form of ASBA

Application Supported by Blocked Amount

Applied System of Banking Assets

Application System of Banking Assets

None of these

 

Depositor Education and Awareness Fund is maintained with

RBI

IRDA

CCI

FICCI

 

Cash Reserve Ration (CRR) is the amount of funds that the banks have to keep with

Central Bank (RBI)

Finance Ministry

Banking Association

None of these

 

What  is the maximum amount per transaction NEFT Limit for Cash based remittances to Nepal

Rs. 50,000

Rs. 75,000

Rs. 25,000

None of these

 For practice in Banking GK you can use the website www.sarkariresultsre.co.in

 

 

 

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