IMPORTANT BANKING CONCEPTS

1.The term packing credit means

advances against goods in packages

 advance for import of goods 

advance for export of goods 

advance for financing the purchase, processing, manufacturing or packing of goods for export against a letter of

2.The DICGC operates the Credit Guarantee Scheme for small scale industries on behalf of the

LIC IBA Union Government None of these

3."Window dressing" means

the modern way of decorating a branch office

a decorative way of presenting the Balance Sheet and Profit and Loss Account of a bank at its annual general meeting

manipulation of accounts with a view not to give the share holders a true and fair view 

a practice of presenting final accounts of a bank with a view to exhibit a favourable position

4.The term "dormant accounts" means

accounts showing an average balance of less than Rs. 100 during a half year

accounts which remains inoperative for an extended period of time 

accounts which have been blocked under the exchange control regulations 

loan/cash credit/overdraft accounts which are considered irrecoverable

5.World Investment Report is annually published by

IBRD WTO IMF UNCTAD

General Knowledge

1.Expand BIS.

Bank for International Settlements 

Bank for Industrial Settlements 

Bank for Industrial Sectors 

Bank for International Services

2.For a foreigner, temporarily residing in India, type of account to be opened is

Resident Account

NRO Account

NRE Account

All of the above

3.For which of the following categories of banks is "protected Disclosure Scheme" applicable?

Co-operative Banks

Private Banks and Foreign Banks 

Public Sector Banks

All of the above

4.The punch line "Feel the Difference" is associated with

DCB Bank

Deutsche Bank 

Yes Bank 

Citibank

5.VDMS in Government transactions means

Verified Date-wise Monthly Statement

Valuable Data Management System 

Variable Data Matching System 

All of the above

GK and Banking Awareness

1.A marginal farmer is the one who owns

up to 2.5 acres of dry land 

up to 1.25 acres wet land

either A or B 

All of the above

2.Bank branches need to report suspicious transaction to

Controllers concerned RBI CVC FIU-IND, New Delhi

3.Bank for International Settlement (BIS) is headquartered at

Manila Chicago Basle, Switzerland All of the above

4.Banks can receive deposits from customers up to a maximum period of

10 years 15 years 20 years 25 years

5.Credit Card related grievances can also be referred to

Consumer Forum Ombudsman Lok Adalat All of these

Banking Awareness

1.The main function(s) of IMF is/are to

Finance investment loans to developing countries

Act as a private sector lending arm of the World Bank

Help to solve balance of payment problems of member countries

All of the above

2.The Headquarters of NABARD is situated in

Delhi Mumbai Lucknow Kolkata

3.What is the full form of ASBA?

Allotment supported by Blocked Amount

Application supported by Blocked Amount

Application supported by Bank Amount 

Allotment supported by Bank Account

4.National Savings Certificate matures at the end of

Six years Six and half years Seven years Eight years

5.A cheque drawn on a Treasury is treated as a

Cheque Negotiable instrument Bill Government cheque

Banking and Economy

1.The currency, Euro, has been introduced w.e.f.

01.01.1999 01.01.2000 01.08.2001 01.03.2002

2.RBI absorbs liquidity in the system through

Repo Reverse Repo Both A and B All of the above

3.Regional Rural Banks (RRBs) are regulated by

NABARD Reserve Bank of India Sponsoring Bank

Board of respective RRBs

4.The services under the Consumer Protection include

Banking, Financing and Insurance 

Transport and Processing 

Supply of electrical and other energy

All of the above

5.Under provisions of which one of the following Acts, the RBI issues directives to the Banks in India?

RBI Act Banking Regulation Act Essential Commodities Act Both A and B above

General Knowledge

1.CRM means

Customer Relationship Management Customer Retention Manager Customer's Relatives Meet Channel Route Market

2.Bancassurance means

Assurance give by banks of Loanees Assurance to bank with one bank Assurance to repay loans Selling insurance products through banks

3."HNI" means

Highly Non-interested Individuals Highly Needy Individuals High Networth Individuals All of the above

4.Expand "EPZ".

Economical Plus Zone Entertainment Plus Zone Export Promotion Zone Electronic Promotion Zone

5.E.P.S. in share market stands for

Earnings per share Electronic Payment System Employee Pension Scroll Equated Payment System