BANKING GK

1.  LAF stands for…………………………..  (Liquidity Adjustment Facility)

2.  Validity of a cheque in India is …………….. months from the date of cheque.  (3)

3.  Right of a banker to retain goods and securities until the discharge of debt is called …………   (lien)

4.  Income tax, sales tax and wealth tax authorities issue ……………..  attachment order  (revenue)

5.  In India, a minor can open and transact alone if his age is more than ………..  years (10)

6.  If an account is not operated for a period of …………. months, it is classified as a dormant or an inoperative account.  (24)

7.  Placement, Layering and integration are the three stages in ………….  (money laundering)

8.  The Main activity of the Financial Intelligence Unit India (FIUIND) is to control……  (money laundering)

9.  Any utility bill (electricity, telephone bill etc.,) can be accepted by a banker as proof of address provided that it should not be more than ……..  months old   (2)

10.  TDS is applicable if the annual income from all term deposits of a person exceeds Rs…………….  Per year  (10000)

11.  PAN has …………….  alphabetical characters in it.  (6)

12.  Max. per bank, per party insurance coverage available for deposits is for Rs…………….  (10000)

13.  For bank deposits, insurance coverage is extended by ………………  (DICGC)

14.  Minimum period for which term deposit can be made in Indian banks is …………..  (7 days)

15.  Cash transaction repot includes all single transactions amounting to above Rs.10 lacs and cumulative of all transactions in a month if it exceeds ……………  lacs   (10)

16.  Chief regulator of insurance sector in India is ……………….  (IRDA)

17.  Appelate authority in Banking Ombudsman scheme is …………………….  (Deputy Governor, Banking division, RBI)

18.  In banking, an unclaimed deposit is one which is not operated for ………….. years from the date of deposit in case of demand liabilities and from the date of maturity in case of term liabilities.

19.  The central board of RBI has …………….  members in it.  (21)

20.  Urjit patel, the present Governor of RBI is its……………..th Governor.  (24)

21.  RBI stipulated banks to extend interest in SB accounts on a ……………  basis  (quarterly)

22.  Taking away of legal tender character of a currency is called …….  (demonetization) 

23.  Central govt. has …………..  percentage share in the authorized capital of RRBs (50)

24.  GST at a rate of  ……………  percent is applicable to all banking services.  (18)

25.  Max. limit fixed for NEFT transaction is ………………  (no limit)

26.  Rupay card is issued by ………………..   (National Payment corporation of India)

27.  Banks transfer unclaimed deposit to a fund named …………….  maintained with RBI  (DEAF)

28.  Priority sector target for RRBs is ……………..  percentage of their total advances   (75)

29.  For those savings bank accounts, classified as ‘small’, the max. per month transactions available is ….  (4)

30.  Expanded form of the fund named DEAF is ……………. (Depositor Education and Awareness Fund)

31.  Currently, denominations of Rs.2000/- are printed at presses set up by …… (Bharatiya Reserve bank Note Mudran Pvt. Ltd)

32.  RIDF is maintained with ………………….  (NABARD)

33.  In case of accounts maintained by NRIs, the type of account, the interest income from which comes under income tax bracket is ……………  (NRO)

34.  Foreign banks with branches 20 or more have to achieve priority sector target of 40% by …………….  (March 2018)

35.  Bulk deposits are amounting to more than ………………  (1 crore)

36.  If loan is granted on deposits, the max. interest rate can be ……………. Percent above the deposit rate.  (2)

37.  For tax saver deposit in banks, its period of deposit is …………..  years  (5)

38.  The initial period of deposit of a PPF account is  …….. years (15)

39.  The  ……………… of a company is known as the character of the company which specifies its name, authorized capital, registered office, address, objects etc.,  (memorandum of association)

40.  A person seeking an information as per RTI, 2005 has to pay a fee of …………..  (Rs.10/-)