Banking Quiz

1. ATMs which are set up, owned and operated by non-banks are called as?
Answer.  White Label ATMs

2. Waht is the name of the asset which has remained NPA for a period exceeding 12 months?

Answer. Doubtful asset

3. Which is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches?

Answer. NEFT

4. Name the account which are maintained only in the form of term deposits of 1 to 5 years & can be in any freely convertible currency?

Answer. Foreign Currency Non Resident (Bank) Account – FCNR (B) Account

5.  If a cheque is presented for payment after 3 months from the date of the cheque it is called as?

Asnwer. Stale Cheque

6) If anyone is not satisfied with the decision passed by the Banking Ombudsman, he/she can approach the appellate authority. who is the appellate authority under this?

Answer.  Deputy Governor of the RBI

7. ______________________ is a short term security (7 days to 365 days) issued by a corporate entity (other than a bank), at a discount to the face value?

Answer. Commercial Paper

8. Name the financial instrument which are issued for short term (up to one year) borrowing by RBI on behalf of  the Government of India?

Answer. Treasury Bills

9. What is the Overall PSL Target for Domestic Bank/Foreign Bank with more than 20 Branches?

Answer. 40 percent of Adjusted Net Bank Credit

10. Farmers with landholding of up to 1 hectare are considered as?

Answer.  Marginal Farmers