Banking General Awarness - 2

1.What will happen if there is an  increase Cash Reserve Ratio ?
  
 - Their will be decrease in lendable resources .

2.FRBM Stands for ?

- Fiscal Responsibility and Budget Management .

3.Goods and Service Tax would be replace which tax ?

- VAT ( Value Added Tax) .

4.KYC Stands for ?

- Know Your Customer .

5.Savings Account is also known as ?

- Common man account

6.What is the main function of the World Bank ?

-   To promote the international trade growth .

7.Which policy is adopted RBI during inflation ?

- Dear Money Policy .

8.How many directors are associated with RBI ?

- 15

9.What is percentage of FDI in private sector bank ?

- 74%

10.ASBA stands for ?

- Application Supported by Blocked Amount .

Q 1. What will happen if there is an increase in Cash Reserve Ratio (CRR)?
A. Their will be a decrease in lendable resources
Q 2. Why Reserve Bank of India (RBI) also known as lender of last resort?
A. As RBI is also known as Banker of Banks, it provides emergency advances to the banks during the time of crisis.
Q 3. Whenever a bank returns a cheque unpaid, then what that cheque is called?
A. Dishonour Cheque
Q 4. Which is the third largest public sector bank of India?
A. Punjab National Bank (PNB), whereas Bank of Broda stood 2nd and SBI on 1st position.
Q 5. What does ASBA stands for?
A. Application Supported by Blocked Amount
Q 6. In which year RBI announced Banking Ombudsman scheme?
A. 1995
Q 7. What is the percentage of Foreign Direct Investment (FDI) in private sector banks?
A. 74%
Q 8. How many directors are associated with reserve Bank of India?
A. Fifteen
- See more at: http://www.governmentvacancies.in/important-general-banking-awareness-questions-for-ibps-poclerk-exam/#sthash.ZYdHrmW7.dpuf
Q 1. What will happen if there is an increase in Cash Reserve Ratio (CRR)?
A. Their will be a decrease in lendable resources
Q 2. Why Reserve Bank of India (RBI) also known as lender of last resort?
A. As RBI is also known as Banker of Banks, it provides emergency advances to the banks during the time of crisis.
Q 3. Whenever a bank returns a cheque unpaid, then what that cheque is called?
A. Dishonour Cheque
Q 4. Which is the third largest public sector bank of India?
A. Punjab National Bank (PNB), whereas Bank of Broda stood 2nd and SBI on 1st position.
Q 5. What does ASBA stands for?
A. Application Supported by Blocked Amount
Q 6. In which year RBI announced Banking Ombudsman scheme?
A. 1995
Q 7. What is the percentage of Foreign Direct Investment (FDI) in private sector banks?
A. 74%
Q 8. How many directors are associated with reserve Bank of India?
A. Fifteen
- See more at: http://www.governmentvacancies.in/important-general-banking-awareness-questions-for-ibps-poclerk-exam/#sthash.ZYdHrmW7.dpuf
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