Class Room Daily Dose Booklet: DDB No: BA 05 Answers and Explanations

 

MAGME SCHOOL OF BANKING 

Class Room - Daily Dose Booklet
 DDB NO: BA 05

Banking Awareness

Answers 

1	d) Infosys
2	d) Oil Companies
3	c) participatory notes
4	b) credit cards
5	a) Adam Smith
6	c) International Developmental Association
7	c) Meet its long term debt obligations
8	a) Increasing trend
9	c) Senior citizens
10	b) Purchasing power of money decreases
11	b) Core Banking
12	e) Shares and Bonds
13	c) Nomination
14	d) Entry load
15	b) World Trade Organization
16	c) Balance Sheet
17	b) Senior Citizens
18	d) Prevention of Money laundering Act
19	d) Letter of credit
20	b) Banking
21	a) Mutual Funds
22	d) NABARD
23	d) All of the above
24	b) RBI Governor
25	c) Treasury bill
26	b) Non Banking Financial Companies
27	a) The asset to be free from any liability
28	c) Current Account and saving Account
29	a) Mobile Vans
30	a) Exchange rate
31	a) Mutual funds
32	a) Individuals
33	a) De-regulated by RBI
34	d) Current accounts, savings bank accounts and term deposit accounts.
35	a) Repayable after an agreed period
36	b) Savings bank accounts and current accounts.
37	a) No interest is paid on current deposit accounts.
38	b) Virtual banking
39	a) Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank
40	d) Dishonour of the cheque
41	a) YH Malegam
42	c) Accounts in which shares of various companies are traded in electronic form
43	a) National Electronic Funds Transfer
44	c) Bancassurance
45	e) Limited Liability Partnership
46	c) A cheque which has completed 3 months from the date of its issue.
47	e) Daily product basis
48	d) Govt of India
49	A. Reserve Bank of India
50	B. Take up the matter with concerned Bank Branch within 30 days of cause of action
51	b) Within 1 year
52	d) Rs 10,00,000
53	a) CGM or GM of RBI
54	d) No Frills Account
55	d) Vehicle details of the customer
56	b) Anti Money Laundering
57	b) True
58	a) Form 15G
59	a) True
60	e) Only A B C
61	d) Only A, and B
62	a) Term deposit
63	d) The bank of the Drawer of the Cheque
64	a) Individuals Banks Board
65	b) Non Performing Asset (An asset which ceases to generate income)
66	d) White Label ATMs
67	d) Payment and Settlement Act
68	c) Cheque Truncation System
69	c) Equated
70	E. All 1, 2 and 3
71	c) General Budget
72	b) Aegon Religare
73	b) term deposit
74	e) Law of Motion
75	a) Visa
76	e) All major countries and their alliances
77	d) Cash Reserve Ratio
78	b) Liquid Advance & Finance
79	b) Washington DC
80	d) exchange rate
81	b) US Dollar
82	b) NABARD
83	B. No restrictions on transactions
84	C. Builders
85	D. Individuals
86	D. Debt instrument
87	C. Workers in the unorganized sector
88	D. CRR
89	c) Ministry of Finance
90	e) Rs 2,500
91	E. Cold chain
92	d) 25 p.
93	d) IRDA
94	(d) 7.4 percent
95	(a) Airtel Payments Bank
96	(c) Shikha Sharma
97	(b) Mumbai
98	(e) Electronic
99	(d) Mumbai
100	(d) Interface
101	(e) Canara Bank
102	(b) Real Estate Investment Trust
103	(b) Fino Paytech
104	(c) Yes Bank
105	(c) Thrissur, Kerala
106	(a) Mahabaleshwara Mavinakudige Subrahmanya
107	(a) Foreign Account Tax Compliance Act
108	(e) Sale
109	c) Calcutta
110	c) Both of Above
111	b) UCO Bank
112	e) Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla
113	e) Australia
114	e) All of The Above
115	b) A Lower Balance
116	a) Writing a Cheque
117	a) 1965
118	a) Complaints of bank customers relating to certain services rendered by banks.
119	b) Reserve Bank of India
120	f) None of These
121	e) All of the Above
122	a) Section 22
123	b) 'ways and means'
124	a) Capital Account Convertibility
125	a) Mortgage
126	b) Investigation and Enforcement
127	a) CRR and SLR
128	b) RBI or Government of India or Both have at least 51% shares in the bank
129	b) Arbitrage
130	d) All of The Above
131	d) All of The Above
132	e) Qatar
133	c) European Union
134	b) Grindlays Bank
135	d) 19 Nationalized Banks + SBI + 5 SBI Associates +IDBI
136	c) Royal Commission on Indian Currency and Finance
137	d) All of Above
138	b) National Rural Employment Program
139	b) Accounts Payable
140	(e) All the above
141	(b) Suited for only lower value transactions
142	(e) All the above
143	(a) Indian Financial System Code
144	(c) Bankers cheque/ Pay order
145	(b) Clearing and settlement
146	(c) An account opened by an Indian bank in the foreign countries in their banks and in that country currency for settlement in that country's currency.
147	(a) No Treasury Bills issued by State Government
148	(e) None of these
149	(c) Reserve Bank of India (RBI)
150	(d) All the above
151	(c) Bear run
152	(a) Debenture
153	(b) RBI put into circulation
154	(d) Only a and b
155	(d) All the above
156	e) Banker's Bank
157	e) RBI
158	d) SIDBI
159	b) Zero Coupon Bond
160	e) All those given as options
161	b) Mumbai
162	c) Petroleum Import
163	c) RBI
164	b) Central bank
165	d) to accept money from public
166	d) Reserve Bank of India
167	c) Reserve Bank of India
168	b) K.J. Udeshi
169	a) April-March
170	d) Indian Bank Association
171	d) a direction to the paying bank to make payment of the cheque through a bank
172	b) Drawer
173	c) Drawer and drawee are the same but he payee is different
174	c) negotiable instrument
175	d) All of the above
176	d) two transverse parallel lines on a cheque
177	d) all of the above
178	d) both 1 and 2
179	d) 1 and 2
180	e) all of the above.
181	c) 5 years
182	b) Delhi Stock Exchange
183	e) Medical Insurance
184	d) All of the above
185	a) A percentage of aggregate deposits of the bank
186	d) NABARD
187	c) Accounts in which shares of various companies are traded in electronic form
188	b) Security on immovable property for a loan
189	d) Giriraj Singh
190	d) Dr. D subbarao
191	b) RBI
192	a) Safe custody
193	a) Reserve Bank of India
194	a) Undesirable persons
195	e) All the above
196	a) Non - banking financial companies acceptance of public deposits (Revenue Bank) directions 1998
197	c) Companies Act 1956
198	b) Relatives in the from of loans
199	a) Section 7 of Banking Regulation Act
200	a) Section 22 of banking Regulation Act