continue from... FAQs on Indian Banking to understand it better....part 4
101. After completion of 15 years, Public Provident
Fund (PPF) can be extended up to how many
years?
Ans: 5 years
102. Short term Money lending process is known as:
Ans: Call Money
103. Treasury bill tenure:
Ans: 91 days, 182 days, 364 days
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 rate
106. Banks cannot grant Loan below which rate:
Ans: Base Rate
107. If RBI reduces CRR, what happens:
Ans: Credit Supply increases, loans get cheaper.
108. Name the scheme to include every people
under banking system:
Ans: Financial Inclusion
109. Special Drawing Right (SDR) is a monetary
unit of:
Ans: IMF
110. Cheque which is not crossed is called:
Ans: Open cheque
111. 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 rate
114. The term ‘pre – shipment’ finance relates to:
Ans: export credit
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 systems
117. Mobile banking fund transfer limit in a day:
Ans: Rs. 50,000
118. The seed capital of Bhartiya Mahila Bank is:
Ans: Rs.1000 crore
119. “Lender of the Last Resort” by Banks is
known as:
Ans: RBI
120. “Fixed deposit” is also referred to as:
Ans: Term Deposit
121. The holidays for the banks are declared as
per:
Ans: Negotiable Instruments Act
122. In banking business, when the borrowers avail
a term Loan, initially they are given a repayment
holiday and this is referred as:
Ans: Moratorium
123. Regulator of Micro, Small and Medium
enterprises in India:
Ans: SIDBI (Small Industries Development Bank of
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:
Ans: Credit Card
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