Debt Recovery Tribunal is expected to decide a case within
Under the marginal standing facility what is the time period for which the facility can be availed from RBI
Term Round Tripping in case of FDI relates to
The facility of exchange of mutilated notes would be available at
The term HOT CARD refers to 1. lost card 2. stolen card 3. misplaced card 4. misused card
which combination is correct
A saving bank account or a current account is to be treated as inoperative accounts if there is no operation in the account for the last
In the opening of Savings Account (few other accounts also) bank ask to write Nominee name. Who shall be nominee?
Which among the following does not decided the RBI?
Which of the following is provided by the Reserve Bank of India for meeting day-to-day receipt and expenditure mismatch to both central and state governments?
India's trade gap has been showing a negative growth for the last few months. What does "Trade Gap" mean?
What is the principal function of SIDBI?
RBI works as a banker to the State/Central Governments by agreement. But there is no fixed minimum reserve balance for the State Governments.
All state Governments are required to maintain a minimum reserve balance with RBI, but it depends upon the size of the economy of the state and its budget.
Whenever there is a temporary mismatch in the cash flow of the receipts and payments of the State Governments. To handle this mismatch, there is a WMA scheme / facility which refer to Ways and Means Advances.
Some Points about WMA :_
1.RBI makes WMA to the state governments for aperiod of 90 Days.
2.If the state government take WMA against the collateral Government securities, it is called Special WMA.
3.If they are not against the security, then they are provided WMA based upon the three-year average of actual revenue and capital expenditure of the state. This is called normal WMA.
4.WMA limits are if exceeded, is called overdraft.
5.A state Government can withdraw an overdraft for maximum of 14 days consecutively.
6.A state Government can withdraw an overdraft for maximum 36 days in a quarter.
As per the new final guidelines released by the Reserve Bank of India for issuing new banking license norms to allow private and public sector as well as Non-Banking Financial Companies (NBFCs) to enter the fray. Which of the following statement is/are correct in this regard?
1. The final guidelines sets 49% cap on foreign holding in new banks and minimum paid-up equity capital is Rs 1000 crore
2.The paid-up equity capital should be Rs 500 crore and they will have to get listed within three years of operation
3. New banks will have to set up 25 % of its branches in unbanked rural areas.
Q. What type of computers are used as client computers (most of the time) in a client-server system?
a. Mainframe
b. Mini-computer
c. Microcomputer
d. PDA
e. None of these
what should be the correct answer..?
frnds for banking awareness i've kiran publications clerk book.. is it enough for ibps PO???
What is Cluster financing?
A.10. Cluster based approach to lending is intended to provide a full-service approach to cater to the diverse needs of the MSE sector which may be achieved through extending banking services to recognized MSE clusters. A cluster based approach may be more beneficial (a) in dealing with well-defined and recognized groups (b) availability of appropriate information for risk assessment (c) monitoring by the lending institutions and (d) reduction in costs.
What is the definition of a sick unit?
A.20. As per the extant guidelines, a unit is considered as sick when any of the borrowal account of the unit remains substandard for more than 6 months or there is erosion in the net worth due to accumulated cash losses to the extent of 50% of its net worth during the previous accounting year and the unit has been in commercial production for at least two years. The criteria will enable banks to detect sickness at an early stage and facilitate corrective action for revival of the unit.
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Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999 and duly passed by the Government of India
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Recently a portal was launched by The Union Minister for Commerce This India's Government-to-Business (G2B) portal developed by Infosys in a Public Private Partnership (PPP) Model . Name it
Bulk Deposit means ?
Kargil war was ended ________ ?