General Awareness-Banking Awareness
1-The functions of India Post Payments Bank(IPPB) are as follows-
a-It can set up its own outlets such as branches, Automated Teller Machines(ATMs).
b-Acceptance of demand deposits i.e current deposits, and saving banks deposits from Individuals, small business, and other entities, as permitted
under Banking Regulations Act.
c- it is restricted to hold a maximum balance of Rs 1,00,000 per individual customer.
2-In order to fulfill all the bank needs of the start-ups, a dedicated solution ‘Smart Up’ has recently been launched by HDFC Bank.
3-A Truncated Cheque is one which is scanned(CTS).
4-SIDBI Venture capital Ltd, SME Rating Agency of India Ltd(SMERA), ISARC-India SME Asset Reconstruction Company and CGTMSE Credit Guarantee Fund Trust for Micro and
Small Enterprises entities are floated by SIDBI.
5-For an auto renewed deposit, change of period from the date of renewal without penalty can be done provided, customer requests within 14 days.
6-GFCE stands for Government Final Consumption Expenditure.
7-3 years is the maximum period of deposit that can be opened under RFC.
8-Term deposit account can be opened under RFC(Resident Foreign Currency).
9-Savings Current, Recurring, Term Deposit accounts can be opened under NRO.
10-‘Refund Banker Scheme’ pertains to Income Tax.
11-CIBIL- Credit Information Bureau of India Ltd.
12-Public Sector Bank New Bank Of India was acquired by Punjab National Bank in 1993.
13-Apart from Cash, payments to any person, the merchant can be made through NEFT, Demand Draft, RTGS, Plastic Cards.
14-Call Money/Notice Money Market is the most active segment of the money market in India.
15-Kshatrapati Sivaji is the Chairman and Managing Director of SIDBI(Small Industries Development Bank Of India).
16-Ravi Kishan Thakkar is the Chairman and the Managing director of UCO Bank.
17-The Capital Adequacy Ratio Norms(CAR) in Bank industry were introduced by RBI in April 1992.
18-A Mandate has to be registered with-Need not be registered.
19-For opening Shaving account, under e-KYC, Account Holder’s authenticated details are received from UIDAI.
20- What should be the minimum deposit in a PPF(Public Provident Fund) Account?