Thursday, October 15, 2015

FAQs on Indian Banking to understand it better....part 4

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FAQs on Indian Banking to understand it better....part 3

76. Who issues Treasury bills (T-bills) in India?

Ans: Government of India

77. Treasury bills are available for a minimum

amount of:

Ans: Rs. 25,000

78. Minimum & Maximum Limit of NEFT:

Ans: no limit

79. What is the rate of interest rate on provident

fund for the current fiscal?

Ans: 8.75%

80. Govt. to implement GST (Goods & Services Tax)

new indirect tax regime from:

Ans: 1st April 2016

81. RBI extends deadline for exchanging pre-2005

currency from June 30, 2015 to

Ans: December 31, 2015

82. How much amount RBI allows in 'Tap and pay'

transactions without PIN?

Ans: Rs. 2000

83. RBI lifted a ban on carrying Indian bank notes

of Rs 1,000 and Rs. 500 denominations to and


Ans: Nepal and Bhutan

84. C stands for in "KYC":

Ans: Customer

85. Pension scheme for unorganized sector:

Ans: Swavalamban

86. Full form of REIT:

Ans: Real State Investment Trust

87. Forward Market Commission merge with:


88. Purpose of starting Minor account for 10 years


Ans: Financial inclusion

89. Full form of CVV:

Ans: Card Verification Value

90. Bank of International Settlement headquarter:

Ans: Switzerland

91. Who appoints Banking Ombudsman officer?

Ans: RBI

92. IFRS full form:

Ans: International Financial Reporting Standards.

93. Corporate Social Responsibility committee

headed is by Ans: Anil Baijal

94. Which is the Regulatory body for RRBs?


95. RBI policy related to money laundering?

Ans: Know Your Customer

96. Mutual funds regulated by:

Ans: SEBI (Securities and Exchange Board of India)

97. What is the full form of MTSS?

Ans: Money Transfer Service scheme

98. How much amount of money can RBI lend to a


Ans: 2% of NDTL

99. What RBI does to Increase its Monetary Base?

Ans: OMO Open Market Operations

100. Which rate does RBI Reduces to Increase

liquidity in market?

Ans: Repo Rate

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