1. A note which, has
become dirty due to usage and also includes a two piece note pasted together
wherein both the pieces presented belong to the same note, and form the entire
note is known as?
Answer. Soiled
note
2. What is the
minimum age to open a bank account?
Answer. 10 years
3. Interest on
Savings A/c is calculated on __________?
Answer. Daily Balance
Basis
4. Name the class of
NBFC, which is a company and has as its principal business the receiving of
deposits, under any scheme or arrangement or in any other manner and not being
Investment, Asset Financing, Loan Company?
Answer. Residuary
Non-Banking Company
5. What is the
maximum amount per transaction limit for cash-based remittances to Nepal with
the help of NEFT?
Answer. Rs.50,000
6. Name the account
which is maintained in foreign currency with an Authorised Dealer i.e. a bank
dealing in foreign exchange by business persons in India who require foreign
exchange on regular basis?
Answer. Exchange
Earners' Foreign Currency Account (EEFC)
7. Non-Resident
Ordinary Rupee Account (NRO Account) may be opened / maintained in the form
of_________?
Answer. Current,
Savings, Recurring or Fixed deposit accounts
8. The Banking
Ombudsman is a senior official appointed by whom to redress customer complaints
against deficiency in certain banking services?
Answer. The Reserve
Bank of India
9. What is the full
form of BRBNMPL?
Answer. Bhartiya
Reserve Bank Note Mudran Private Limited
10. Name the market
to get funds for 1 day only?
Answer. Call Money
Market
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