Banking Awareness Questions Syndicate Bank PO CAPUSEL PDF
Today we share Banking Awareness Questions Syndicate Bank PO CAPUSEL PDF.This Banking questions consist of important Banking Awareness questions which was asked in previous year Bank exams of SBI PO , SBI Clerk , SBI Associate PO , IBPS PO and IBPS Clerk and RBI Assistant.
Important Banking Awareness Questions From Previous Year Bank Exams
This capusel(Banking Awareness Questions Syndicate Bank PO CAPUSEL PDFL ) Most important Banking Awareness Questions with answers and fact details for your Bank exam, CAPUSEL. These solved Banking Awareness Questions cover topics like Private and Public sector banks,Syndicate Bank PO RBI, RRB, SEBI, NHB, IRDA, Financial Institutions, National Council etc. These objective type questions are very useful to crack the banking awareness section of competitive exams like Syndicate Bank PO, IBPS, Bank PO, SBI PO, RRB, RBI, LIC, Specialist Officer, Clerk etc
Banking Awareness Questions Syndicate Bank PO CAPUSEL PDF
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17. What is Stale Cheque?
Ans: A cheque which is presented to a bank after 3 months from date of issue is considered as
stale chequeand will often not be honored for cash or deposit at a bank.
18. What is Bancassurance?
Ans: The selling of life assurance and other insurance products and services by banking
institutions.
19. The objective of KYC guidelines is to prevent banks from being used, intentionally or
unintentionally, by criminal elements for money laundering or terrorist financing activities.
What is the full form of KYC?
Ans: Know Your Customer (KYC)
20. Know Your Customer (KYC) guidelines are issued under: Ans: Section 35A of the Banking
Regulation Act, 1949
21. In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not
exceed rupees:
Ans: Rs. 1 lakh
22. In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not
exceed rupees:
Ans: Rs. 50,000
23. In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month
does not exceed rupees: Ans: Rs. 10,000
24. At which rate RBI give loans to commercial banks?
Ans: Repo rate
25. Full form of CASA:
Ans: Current Account Saving Account
26. In what denominations Commercial Paper (CP) can be issued? Ans: Rs. 5 lakh
27. What is the minimum denomination of Treasury bills to issue in India? Ans: Rs. 25,000
28. Who cannot issue Certificate of Deposit (CD)?
Ans: Regional Rural Banks (RRBs) and Local Area Banks (LABs)
29. Expand ASBA:
Ans: Application Supported by Blocked Amount
30. Depositor Education and Awareness Fund (DEAF) is maintained with: Ans: RBI
31. Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with: Ans:
Central Bank (RBI)
32. What is the maximum amount per transaction NEFT limit for cash-based remittances to
Nepal?
Ans: Rs. 50,000
33. What does CAR stands for?
Ans: Capital Adequacy Ratio
34. IFSC code consists of _____ alpha numeric code.
Ans: 11 digits
35. When money is lent or borrowed for one day or on overnight basis it is known as: Ans: Call
Money
36. When money is lent or borrowed for between 2 days and 14 days it is known as: Ans:
Notice money
37. When money is lent or borrowed for a period of more than 14 days, it is known as: Ans:
Term money
38. Treasury Bills and Certificate of Deposit are considered as the ____instruments.
Ans: negotiable money market
39. Commercial Paper (CP) is an unsecured money market instrument issued in the form of a
_____.
Ans: Promissory note.
40. What is the upper limit in Public Provident Fund (PPF)?
Ans: Rs. 1.5 lakhs