Important Banking Awareness Questions From Previous Year Bank Exams

1. MICR code consists of how many digits? Ans: 9 digits.(First three digits denotes city, next three digits representing the bank and the last three digits representing the bank branch)2. What is the minimum limit in RTGS system?

3. What is full form of CTS? Ans: Cheque Truncation System4. Under which service, customers may access their bank account and perform basic transactions from any of the member branch offices.Ans: Core Banking Solution (CBS)5. Exchange of cash flow in different currency is known as: Ans: Currency

Swap6. Assets or loans which stop performing after 90 days is known as: Ans: Non

PerformingAsset (NPA)7. Who controls the Monetary Policy in India?

8. Which card is issued by NPCI (National Payments Corporation of India)?Ans: RuPay Card9. Definition of Current Account deficit:Ans: A measurement of a country's trade in which the value of goods and services it imports exceeds the value of goods and services it exports.10. Full form IFSC – Ans: Indian Financial System Code11. Commercial paper can be issued for a maximum period of: Ans: 365 days or

1 year.12. The Mutual funds in India follow accounting standards laid by:

13. Minimum amount for Certificate of Deposit has been fixed at: Ans: Rs. 1 Lakh

14. AML is a term mainly used in the financial and legal industries. Expandthe term AML: Ans: Anti Money Laundering15. PIN is a number allocated to an individual and used to validate electronic transactions. Expand PIN:Ans: Personal Identification Number16. What is Repo rate?Ans: It is the rate is the rate at which RBI lends money to the commercial banks.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.

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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 BankingRegulation Act, 194921. In BSBDA (Basic Savings Bank Deposit Account) the credits in a financial year does not exceed rupees:Ans: Rs. 1 lakh22. In BSBDA (Basic Savings Bank Deposit Account) the balance at any point of time does not exceed rupees:Ans: Rs. 50,00023. In BSBDA (Basic Savings Bank Deposit Account) the withdrawals and transfers in a month does not exceed rupees: Ans: Rs. 10,00024. At which rate RBI give loans to commercial banks?Ans: Repo rate25. Full form of CASA:

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)?

29. Expand ASBA:Ans: Application Supported by Blocked Amount30. Depositor Education and Awareness Fund (DEAF) is maintained with: Ans: RBI31. 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. 50,00033. What does CAR stands for?

34. IFSC code consists of _____ alpha numeric code. Ans: 11 digits35. When money is lent or borrowed for one day or on overnight basis it is known as:

Ans: CallMoney36. When money is lent or borrowed for between 2 days and 14 days it is known

as: Ans:Notice money37. When money is lent or borrowed for a period of more than 14 days, it is known

as: Ans:Term money38. Treasury Bills and Certificate of Deposit are considered as the ____instruments.

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)?

41. As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques is _____. Ans: 3 months

42. What is the time limit for an asset or loan to be declared as Non-PerformingAsset? Ans: 90 days43. Deposit Insurance and Credit Guarantee Corporation (DICGC) does not cover:

44. RBI measure to liquidate the market: Ans: Repo rate.45. Full form of EFT: Ans: Electronic Fund Transfer46. Fastest mode of transaction: Ans: RTGS

47. Alphanumeric code on cheque is known as: Ans: Indian Financial System Code (IFSC)48. Bank pays interest on savingsaccount? Ans: Daily Basis49. What is the loan limit for education under priority sector for studies abroad? Ans: Rs. 20 lakh(Loans to individuals for educational purposes including vocational courses uptoRs.10 lakh for studies in India and Rs. 20 lakh for studies abroad are included under priority sector.)50. RuPay Card is an Indian version of credit/debit card is launched by which

organization:Ans: NPCI (National Payments Corporation of India)51. Fixed Deposit (FD)Account may be opened for a minimum period of: Ans: 7

days52. What is the minimum amount required to open a Fixed Deposit (FD)? Ans:

Rs.100053. The Banks has converted all ‘no - frills' accounts’ into:

54. 'Pradhan Mantri Jan Dhan Yojana' is a Scheme for: Ans: Financial inclusion55. How much overdraft facility to be provided in 'Pradhan Mantri Jan Dhan Yojana'

scheme?Ans: Rs. 5,00056. In CBS, C stands for: Ans: Core57. In CRAR, A stands for:

58. IMPS - Immediate Payment Service is an interbank electronic instant mobile money transfer service through mobile phones in India, the facilityis provided by:Ans: NPCI (National Payment Corporation of India)59. The Central Bank of India has adopted new measure of inflation:

60. When a cheque is torn into two or more pieces and presented for payment, such a cheque is called:Ans: mutilated cheque61. How much fee charged to file a complaint under Banking Ombudsman?

62. Who is the appellate authority in Banking Ombusdsman?Ans Deputy Governor of RBI63. If any customer is not satisfied by the decision of Banking Ombudsman, customer can appeal against the award before the appellate authority within how many days from the date of receipt?Ans 30 days64. ATMs or Cash Dispensing machine which are owned and operated byNon-Banking Financial Companies are called: Ans: White Label ATMs.65. RBI gave in-principle for Banking license to:

66. Minimum capital requirement for new banks in private sector is: Ans: Rs. 500crore

67. A Non-Banking Financial Company (NBFC) is a company registered under the:

68. Minimum capital requirement for Non-Banking Financial Company (NBFC) is:Ans: Rs. 500 crore69. The NBFCs are allowed to accept/renew public deposits for a minimum period

of:

70. A NBFCs cannot offer interest rates higher than the ceiling rate prescribed by RBI? What is the present ceiling?Ans: 12.5 per cent per annum71. Minimum capital requirement for Foreign banks that want to set up operations

in India is:Ans: Rs. 500 crore72. What is the minimum paid-up capital requirement of both small banks and payments banks in India?Ans: Rs. 100 crore

73. RBI extended the timeline for full implementation of Basel III norms till: Ans: 31 March 201974. SLR ((Statutory Liquidity Ratio)is the amount a commercial banks needs to maintain in the form of _______before providing credit to its customers.Ans: cash, or gold, or govt. approved securities (Bonds)75. _______ is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities.Ans: Marginal Standing Facility (MSF)76. Who issues Treasury bills (T-bills) in India?

77. Treasury bills are available for a minimum amount of:Ans: Rs. 25,00078. Minimum & Maximum Limit of NEFT: Ans: no limit79. Full form of CASA –

80. Govt. to implement GST (Goods & Services Tax) new indirect tax regime from: Ans: 1st

April 201681. RBI extends deadline for exchanging pre-2005 currency from December 31,

2015 to – 30June 201682. How much amount RBI allows in 'Tap and pay' transactions without PIN?

83. RBI lifted a ban on carrying Indian bank notes of Rs 1,000 and Rs. 500 denominations to and from:Ans: Nepal and Bhutan84. C stands for in "KYC": Ans: Customer85. Pension scheme for unorganized sector:Ans: Swavalamban86. Full form of REIT:Ans: Real State Investment Trust87. Forward Market Commission merge with: Ans: SEBI88. Purpose of starting Minor account for 10 years children: Ans: Financial

inclusion89. Full form of CVV: Ans: Card Verification Value90. Bank of International Settlement headquarter:

91. Who appoints Banking Ombudsman officer? Ans: RBI92. IFRS full form:

93. Corporate Social Responsibility committee headed is by Ans: Anil Baijal94. Which is the Regulatory body for RRBs?

95. RBI policy related to money laundering? Ans: Know Your Customer96. Mutual funds regulated by:

97. What is the full form of MTSS? Ans: Money Transfer Service scheme98. How much amount of money can RBI lend to a bank? Ans: 2% of NDTL99. What RBI does to Increase its Monetary Base?

100. Which rate does RBI Reduces to Increase liquidity in market? Ans: Repo Rate

101. After completion of 15 years, Public Provident Fund (PPF) can be extended up to how many years?Ans: 5 years102. Short term Money lending process is known as:Ans: Call Money

103. Treasury bill tenure:

104. Minimum limit for medium scale enterprises is Rs. 5 Cr. what is maximum limit? Ans: 10

Cr.105. Prime Lending Rate is replaced by: Ans: Base rate106. Banks cannot grant Loan below which rate:

107. If RBI reduces CRR, what happens:

108. Name the scheme to include every people under banking system: Ans:Financial

Inclusion109. Special Drawing Right (SDR) is a monetary unit of:

110. Cheque which is not crossed is called: Ans: Open cheque111. Teaser rates are related to which type of loans: Ans: Home loans

112. What is Teaser loan?Ans: If a bank offers a slightly lower rate in the initial years and higher rate in later years, it is called a teaser loan.113. The RBI policy rate which is purely an indicative rate used by RBI to signal long – term outlook on interest rates is: Ans: Bank rate114. The term ‘pre – shipment’ finance relates to:

115. A receipt listed in India and traded in rupees declaring ownership of shares of a foreign company:Ans: Indian Depository Receipt (IDR)116. With effect from July 2012, for calculating of lending rates, the RBI has advised banks to switch over to the:Ans: Base Rate systems117. Mobile banking fund transfer limit in a day:

118. The seed capital of Bhartiya Mahila Bank is:Ans: Rs.1000 crore119. “Lender of the Last Resort” by Banks is known as:Ans: RBI120. “Fixed deposit” is also referred to as: Ans: Term Deposit121. The holidays for the banks are declared as per:

122. In banking business, when the borrowers avail a term Loan, initially they are given a repayment holiday and this is referred as: Ans: Moratorium123. Regulator of Micro, Small and Medium enterprises in India:

124. A worldwide financial messaging network which exchanges between banks and financial institutions is known as:Ans: Structured Financial Messaging System (SFMS)125. The term “Smart Money” refers to:

126. The maximum deposit amount insured by DICGC? Ans: Rs. 1 lakh per depositors across all banks127. With reference to a cheque which is the ‘drawee bank’?Ans: The bank upon which the cheque is drawn

128. In which of the following fund transfer mechanisms, can funds be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction?

Ans: RTGS129. Bad advances of a Bank are called: Ans: Non – performing Asset130. By increasing repo rate, the economy may observe the following

effects:Ans: rate of interest on loans and advances will be costlier131. Increased interest rates, as is existing in the economy at present will:Ans: mean higher cost of raw materials132. The sole authority to issue and manage currency in India: Ans: RBI133. In India, one- rupee coins are issued by:

134. Fixed deposits and recurring deposits are: Ans: repayable after an agreed period135. When a bank returns a cheque unpaid, it is called: Ans: dishonour of the cheque136. What is ‘Demat Accounts’?Ans: Accounts in which shares of various companies are traded in electronic form

137. When the rate of inflation increases: Ans: purchasing power of money decreases138. Banks in India are regulated under: Ans: Banking Regulation Act, 1949139. Banking sector falls under which of the following sectors? Ans: Service

Sector140. ASBA scheme is related to the purchase of:

141.In a bank, which of the following are the usual types of accounts?Ans: Current accounts, Savings bank accounts and Term deposit accounts142. The most powerful tool used by the Reserve Bank of India to control

inflation is to:Ans: raise interest rates143. NEFT and RTGS in banking terminology speak of:Ans: electronic fund transfer from bank to bank144. The ownership of public sector banks rests:Ans: jointly with the Government of India and the shareholders from the public145. If a cheque is postdated, the bank on which it is drawn: Ans: will not honour the cheque before the date of the cheque146. Regulator of Capital Market in India:

147. First Indian Bank to introduce credit card: Ans: Central Bank of India148. RBI nationalized in: Ans: January 1, 1949149. Loans of very small amounts given to low income groups is called: Ans:

Micro Credit

150. RBI established in: Ans: April1, 1935

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United NationsHeadquarters

International Organizations Headquarters

UNO (United Nations Org) New YorkUNICEF New York

UNCTAD (United Nations GenevaConference on Trade &

Development)WHO (World Health Org) Geneva

ILO (International Labour Org) GenevaWMO (World Meteorological Org) Geneva

World Intellectual Property Org GenevaInternational Standards Org. Geneva

IMF (International Monetary Fund) Washington DCWorld Bank Washington DC

UNESCO (United Nations ParisOECD (Org. for Economic Paris

UNIDO (United Nations Industrial ViennaIAEA (International Atomic Energy Vienna

OPEC(Organization of Petroleum ViennaAmnesty International London

Commonwealth of Nations LondonIM(International Maritime London

ICJ (International Court of Justice) The HagueFAO(Food and Agricultural Rome

NATO(North Atlantic Treaty BrusselsTransparency International Berlin

SAARC(South Asian Association KathmanduASEAN (Association of South East Jakarta

APEC (Asia Pacific Economic SingaporeOrganization of Islamic Cooperation Jeddah

Banks Tag Lines Headquarters

Bank(s) Headquarter Tag Line

Allahabad Bank KolkataA Tradition of Trust

Where India BanksAndhra Bank Hyderabad

India’s International BankBank of Baroda Vadodara

Bank of India MumbaiRelationship Beyond Banking

Bank ofPune

One Family One BankMaharashtra

Bharatiya MahilaEmpowering Women Empowering India

New DelhiBank Ltd

Canara Bank Bangalore Together We Can

Central Bank ofMumbai

Central to you Since 1911India

Corporation Bank MangaloreA Premier Public Sector Bank

Dena Bank MumbaiTrusted Family Bank

Banking For All, “Aao Sochein Bada”IDBI Bank Mumbai

Indian Bank ChennaiYour Tech- Friendly Bank

Indian Overseas Chennai Good People to Grow WithBank

Oriental Bank ofWhere Every Individual Is Committed

GurugramCommerce

Punjab National New Delhi The Name You Can Bank UponBank

Punjab and SindNew Delhi

Where Service Is A Way Of LifeBank

State Bank of India MumbaiThe Banker To Every Indian

State Bank of Jaipur The Bank with a VisionBikaner and Jaipur

State Bank ofModern Innovative Dependable

HyderabadHyderabad

State Bank ofBangalore

Working for a Better TomorrowMysore

State Bank ofBlending Modernity with Tradition

PatialaPatiala

State Bank of Thiruvananthapuram A Long Tradition of TrustTravancore

Syndicate Bank Manipal Faithful Friendly

UCO Bank KolkataHonours Your Trust

Union Bank of India MumbaiGood People to Bank With

United Bank ofKolkata

The Bank That Begins With “U”India

Vijaya Bank BangaloreA Friend You Can Bank On

Bandhan Bank KolkataHope for The Poor

You Focus On Exports We Cover TheECGC Bank Mumbai Risks

HDFC MumbaiWe Understand Your World Indeed

Axis Bank Mumbai Badhti Ka Naam Zindagi

ICICI Bank Mumbai Hum Hai Na, Khyal Apka

IDFC Mumbai ---------

Wildlife SanctuariesWildlife sanctuary "Sajnekhali" is situated in : West Bengal

Wildlife sanctuary "Sonandi" is situated in : Uttrakhand

Wildlife sanctuary "Pulicat lake" is situated in : Tamil Nadu

Wildlife sanctuary "Sohelwa" is situated in : Uttar Pradesh

Wildlife sanctuary "Trishna" is situated in : Tripura

Wildlife sanctuary "Pangolakha" is situated in : Sikkim

Wildlife sanctuary "Phulwari Ki Nal" is situated in : Rajasthan

Wildlife sanctuary "Abohar" is situated in : Punjab

Wildlife sanctuary "Karlapat" is situated in : Odisha

Wildlife sanctuary "Lengteng" is situated in : Mizoram

Gundla Wildlife sanctuary is located in: Andhra Pradesh

Dibang Wildlife sanctuary is located in : Arunachal Pradesh

Kaimur Wildlife sanctuary is located in :Bihar

Gir Wildlife sanctuary is located in :Gujrat

Kibber Wildlife sanctuary is located in: Himanchal Pradesh

Nagarjuna Sagar Wildlife sanctuary is located in: Andhra Pradesh

Pakhui Wildlife sanctuary is located in: Arunachal Pradesh

Bhimbandh Wildlife sanctuary is located in: Bihar

Narayana Sarovar Wildlife sanctuary is located in: Gujrat

Dhauladhar Wildlife sanctuary is located in: Himanchal Pradesh

Dams and RiversPodagada Dam is situated in : Odisha

Upper Aliyar Dam is situated in : Tamil Nadu

Aruna Dam is situated in : Maharashra

Ukai Dam is situated in : Gujrat

Chakra Dam is situated in : Karnataka

Teesta-V dam is situated in : Sikkim

Jakham Main dam is situated in : Rajasthan

Minimata Bango dam is situated in : Chhattisgarh

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Pillur dam is situated in : Tamil Nadu

Rihand dam is situated in : Uttar

Pradesh River Supa dam is built on:

Kali Nadi

River Nagarjuna Sagar dam is built on:

Krishna River Pong dam is built on: Beas

River Tehri dam is built on: Bhagirathi

River Sardar Sarovar dam is built:

Narmada Ramganga Dam is situated in:

Uttarakhand Kakki Dam is situated in:

Kerala

Nagi Dam is situated in: Bihar

Koyna Dam is situated in:

Maharashtra Pillur Dam is situated

in: Tamil Nadu

National Games and Sports of Some CountriesUnited States of America: Baseball

Spain: Bull-fighting

Canada: Ice Hockey

India: Hockey

Russia: Chess

Scotland: Rugby Football

England: Cricket

Japan: Ju-Jitsu

Australia: Cricket

Pakistan: Hockey

China: Table Tennis

List of Important Stadiums in India

Barabati Stadium -Cuttack

Barkatullah Khan Stadium -Jodhpur

Brabourne Stadium -Mumbai

Eden Gardens -Kolkata

Feroz Shah Kotla -Delhi

Gandhi Stadium -Jalandhar

Green Park -Kanpur

Indira Gandhi Stadium -Vijayawada

Rajiv Gandhi Port Silver Jubilee Stadium -VisakhapatnamJawaharlal Nehru Stadium -New Delhi

Lal Bahadur Shastri Stadium -Hyderabad

M.Chinnaswamy Stadium -Bangalore

MA Chidambaram Stadium -Chennai

Madhavrao Scindia Cricket Ground -Rajkot

Moin-ul-Haq Stadium -Patna

Sardar Vallabhai Patel Motera Stadium -Ahmedabad

Sawai Mansingh Stadium -Jaipur

Vidarbha CA Ground -Nagpur

Wankhede Stadium –Mumbai

India’s Largest, Biggest and HighestThe Longest River Bridge: Mahatma Gandhi Setu Patna (5.575 km.)

The Largest Lake: Wular Lake (J & K)

The Largest Dam: Bhakra Dam, on Sutlej river (Punjab)

The Largest Desert: Thar (Rajasthan)

The Largest cave temple: Kailash Temple ( Ellora, Maharastra)

The Largest mosque: Jama Masjid (Delhi)

The Longest tunnel: Jawahar Tunnel, Banihal Pass (J & K)

The Largest Delta: Sunderbans (W. Bengar)

The State with maximum forest area: Madhya Pradesh

The Longest Corridor: Corridor of Ramnathswami Temple at Rameswaram (Tamil Nadu)

The highest Waterfall: Jog or Garsoppa (Karnataka)

The Longest Road: Grand Trunk Road (Kolkata to Delhi)

The highest Gate way: Buland Darwaza, Fatehpur Sikri( U.P.)

The Longest River: The Ganga (2640 km. long)

The Largest Museum: Indian Museum, Kolkata

The largest Dome: Gol Gumbuz, Bijapur (in Karantaka)

The tallest Statue: Gomateswara (Karnataka)

The largest Public Sector Bank: State Bank of India

The biggest canti lever Bridge: Rabindra Setu or Howrah Bridge (Kolkata)

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The Longest Canal: Indira Gandhi Canal or Rajasthan Canal (Rajasthan)

The Longest Railway Platform: Gorakhpur (U.P.)

The biggest Stadium: Yuva Bharti (Salt Lake) Stadium Kolkata

The most populous City: Mumbai (Maharashtra)

The largest Sea Bridge: Anna Indira Gandhi Bridge (Tamil Nadu)

The longest Passenger Train Route: Dibrugarh to Kanyakumari

The Oldest Church: St. Thomas Church at Palayar, Trichur (Kerala)

The Longest National Highway: NH-7 (Varanasi to Kanyakumari)

The State with Longest Coast Line: Gujarat

The highest Lake: Devtal Lake, Gadhwal (Uttarakhand)

The largest Saline Water Lake: Chilka Lake (Orissa)

The Largest Fresh Water Lake: Kolleru Lake (Andhra Pradesh)

Largest Cave: Amarnath (J & K)

The Longest River of Southern India: Godawari

The Longest Dam: Hirakud Dam (Orissa)

The highest Gallantry Award: Param Vir Chakra

The highest Award: Bharat Ratna

The largest Gurudwara: Golden Temple, Amritsar

The longest Sea Beach: Marina Beach (Chennai)

The Highest Road: Road at Khardungla, (in Leh-Manali Sector)

The Largest Artificial Lake: Govind Sagar ( Bhakhra Nangal)

The Highest Batttle field and the Longest Glacier: Siachen Glacier

The Biggest River Island: Majuli Bramhaputra river, (Assam)

The Largest Planetarium: Birla Planetorium (Kolkata)

The Highest Airports: Leh Airport (Ladakh)