Practice Banking System in India Questions and Answers

• The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?
• ____________ of the Negotiable Instrument Act 1881 deals with the dishonor of cheques and the consequences, thereon.
• A stale is cheque is such that it is presented after ____________ from the date of its issue, at the bank.
• In the banking parlance, CTS stands for –
• The committee that recommended setting up Small Finance Banks in India was headed by –
• The headquarters of the European Investment Bank are situated in –
• With reference to the NBFCs, consider the following statements: 1. It is a company registered under the Companies Act, 1956 2. NBFC cannot accept demand ...
• Which one of the following statements is true Cooperative Banking?
• FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of FI...
• Which of the following is an alphanumeric code that facilitates electronic funds transfer in India?
• As per the current FDI policy, the foreign shareholding in private sector banks is allowed up to?
• Which of the following central bank is not the members of the Asian Clearing Union?
• In which of the following facility the borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again?
• Which of the following gives the recommendations to the government on top-level appointments like full-time Directors, non-Executive Chairman in Public Sec...
• Which of the following system enabling the citizens of the country to utilize any ATM of a connected bank?
• The regional offices of Securities and Exchange Board of India (SEBI) is not located in which one of the following locations?
• Which specific institutions in India does not qualify as Market Infrastructure Institutions?
• What is the maximum time period given to the states to repay the Ways and Means Advances extended to them by the RBI?
• Which among the following is/are NOT covered under the insurance cover issued by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
• What is the maximum amount that can be borrowed by banks under the Marginal Standing Facility (MSF) route?
• Which among the following is NOT a qualitative measure of monetary policy undertaken by the RBI in India?
• What is the loan amount in the education sector for studying abroad that is included in the Priority Sector by the RBI?
• The asset size of a non-banking finance company should be _____________ or more in order for it to be identified as a systemically important NBFC.
• Consider the following about Prevention of Money Laundering Act. I. PMLA was enacted in 2002 and it came into force in 2005. II. The PLMA has been amended ...
• Consider the following statement: I. MDs and CEOs of asset reconstruction companies (ARCs) cannot have more than three terms in office. II. The term of M...
• The RBI has allowed international trade settlement in rupees for which AD banks need to open ____________, in terms of Regulation 7(1) of Foreign Exchange ...
• Under the Liberalised Remittance scheme (LRS), the received/ realised/ unspent/ unused foreign exchange, unless reinvested, shall be repatriated and surren...
• Protection of paying banker against forged endorsement in Bearer Cheques is available under which section of NI Act?
• Which section of NI Act provides protection to collecting Banker?
• After issue of demand notice under section 13 (2) of SARFAESI, what is the time limit within which the secured creditor can initiated an action for enforce...
• Sarfaesi action cannot be imposed if ____________.
• Premium amount of and minimum age of entry in PM Suraksham Bima Yojna?
• Lok Adalat to settle banking disputes involving amount up to?
• Expand UCPDC?
• What is the full form of MUDRA?
• Which of the following is characteristics of an inchoate instrument?
• Which section of RBI Act 1934 prescribes the CAR for SCBA without any floor or ceiling rate? Which section of RBI Act 1934 prescribes the CAR for SCBA with...
• The minimum age of joining APY is 18 years and maximum age is _____.
• How many members of one family can avail financial assistance under PMEGP scheme?
• Negative lien means