Practice Banking System in India Questions and Answers

• The bailment of goods as security for payment of debt or performance of a promise is called:
• If a person is missing then after how many years is that person considered deceased after the complaint is filed?
• Section 45ZA in BANKING REGULATION ACT 1949 deals with?
• Rupee revenue stamp is used for which amount in India?
• As per RBI decision demand draft above Rs.20,000/- what should be followed?
• The risk that the bank will not receive funds from its counter-parties on the due date is called
• EEFC account acts like which account?
• DSCR indicates the ability of a company to?
• The current ratio can be numerically expressed in the form of the following equation
• Funds flow statement is prepared to :
• What is charge created on gold loan?
• Which of the following term is a strategy that tries to limit risks in financial assets?
• Which of the following term is the practice where you pledge an asset (in this case, a car) to a bank when applying for a loan?
• Which of the following term is correct regarding Basic Savings Bank Deposit Account (BSBDA)?
• Which is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time?
• Which of the following is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlemen...
• In which state is the Insurance Regulatory and Development Authority of India (IRDAI) headquartered?
• In which city is the National Bank for Agriculture and Rural Development (NABARD) headquartered?
• In which year was the Small Industries Development Bank of India (SIDBI) established?
• Who is the Managing Director (MD) and Chief Executive Officer (CEO) of National Housing Bank (NHB)?
• In which city is the Advertising Standards Council of India (ASCI) headquartered?
• Non-Banking Financial Companies (NBFCs) are the Financial Intermediaries engaged primarily in the business of i. Accepting Deposits ii. Lending loans and a...
• Which of the following is considered as a Non-Banking Financial Company (NBFC)?
• Which among the followings are correct statements with regard to NBFC in India? (A) All NBFCs should be registered with RBI. (B) NBFCs cannot accept demand...
• Which one of the following is an example for Non-Banking Financial institution?
• Which of the following is considered as a Non-Banking Financial Company (NBFC)?
• As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ______ of its net assets as 'qu...
• NBFCs in India are companies that are registered under which of the following Act?
• As per the provisions of the SARFAESI Act, if the borrower fails to comply with the notice, the Bank may:
• What is moratorium period for small and startup firms under Insolvency and Bankruptcy Code 2016?
• Central Registry of Securitization Asset Reconstruction and Security Interest(CERSAI) is under which provision?
• Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?
• Under the Pradhan Mantri Suraksha Bima Yojana risk coverage of ________for accidental death and complete disability and _______ for partial disability is g...
• Consider the following Statements about Atal Pension Yojana (APY) and choose the option with correct Statements. I- APY is open to all saving bank/post of...
• Pradhan Mantri Mudra Yojana is aimed at increasing the confidence of young, educated or skilled workers who would now be able to aspire to become first gen...
• The Government Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one W...
• The Pradhan Mantri Vaya Vandana Yojana (PMVVY) has been launched by the Government to protect elderly persons aged 60 years and above against a future fall...
• Consider the following Statements and choose the option with correct Statements. I- Pradhan Mantri Awaas Yojana –Gramin (PMAY-G) was launched in 2016. II...
• Consider the following Statements and choose the option with correct Statements. I- Jal Jeevan Mission was launched in 2019 as a Central Sector Scheme. I...
• The objective of Pradhan Mantri Gram Sadak Yojana (PMGSY) is to provide single all-weather road connectivity to all eligible unconnected habitations of the...