Important Fact and news of RBI:

1.  RBI has launched a website explaining ways to detect counterfeit notes with a tagline 'Pehchano Paise Ki Boli, Kyunki Paisa
Bolta Hai'.
2.  R.B.I. directed Banks to follow Clean Note Policy.
3.  RBI started Plastic Money Project on Trial Basis in 5 cities of India with the denomination of 10 rupees and will continue with
other small denominations depending upon the success of these notes.
4.  The Union Government and RBI on 12 March 2013 decided to introduce one billion pieces of 10 Rupees bank notes made of
plastic on a field trial basis in five cities of Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla.
5.  RBI guide lines for the clearance of all the cheques is 2 days.
6.  RBI hiked the investment limit in government securities by FIIs and long-term investors $25 billion from $20 billion and in
corporate bonds $50 billion from $45 billion.
7.  Under the  'Basic Savings Bank Deposit Account (BSBDA) scheme, any individual, including poor or those from weaker section
of the society, can open zero balance account in any bank (including foreign banks).
8.  RBI permitted the premature encashment of 8% savings (Taxable) Bonds for individual investors who are 60 years and above
in age.
9.  RBI issued norms for currency swap window for fresh foreign currency non-resident bank- FCNR(B) deposits mobilized for a minimum tenor of 3 years.
10.  RBI allowed the Non-Resident Investors including NRIs to buy Shares under FDI Scheme. Till now, the FIIs (Foreign Institutional Investor), QFIs (Qualified Foreign Investors) and NRIs were eligible to invest and acquire the shares on the recognized stock exchanges of India in compliance with the FEMA (Foreign Exchange Management Act) regulations. But the NRIs were not allowed to acquire shares on exchange
(bourses) under the FDI Scheme.
11.  The RBI said, min paid-up equity of 25 % should be held directly by the lender. Also, repayment of the principal will commence only after completion of minimum average maturity of 7 years and no prepayment will be allowed before maturity.
12.  RBI opens special dollar window for 3 oil marketing firms: the central bank has activated the forex swap window, whereby it will undertake sell/buy of dollar-rupee forex swaps for a fixed period with Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum through a designated bank.
13.  The RBI imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds to curb demands for gold. Also banks were asked to ensure that the amount of loan to any customer against gold ornaments, gold Jewellery and gold coins (weighing up to 50
grams) should be within the board approved limit.
14.  UAE Exchange, one of the largest foreign exchange firms in the United Arab Emirates, has applied to RBI for a banking license in India.
15.  The RBI has increased banks' cost of borrowing short term money through the Marginal Standing Facility (MSF) rate and
Bank Rate each by 200 basis points (2 per cent) to 10.25 per cent. The RBI has capped the amount banks can borrow from
overnight markets to Rs. 75,000 crore.
16.  The Reserve Bank opened a special borrowing window of Rs 25,000 crore to help the crisis-ridden mutual funds tide over
liquidity problems.
17.  Aditya Birla Group chairman Kumar Mangalam Birla has resigned from RBI board to avoid any conflict of interest as one of
his group firm is in the race for a new banking licence.
18.  In view of a series of chit fund frauds, RBI has decided to set up a separate forum for coordination and sharing information
to rein in such investment schemes.
19.  Reserve Bank will examine financials of 34,754 non-banking finance companies (NBFCs) to ascertain their eligibility. "The
main objective is to determine whether among these companies there are NBFCs that ought to have registered with the RBI
for carrying on their NBFI (non-banking financial institution) activities,".
20.  The RBI announced its decision to buy long-term government bonds worth Rs 80 billion (nearly $1.3bn) to pump more
liquidity into the country's banking system.
21.  Rajan announced an external committee, under the chairmanship of former Governor Bimal Jalan, to screen applicants for
new bank licences, from January next year.
22.  Karur Vysya Bank wins best banker award.

SOME IMPORTANT POINTS

 Name of the wife of the President of India is- Suvra Mukherjee
 President Pranab Mukherjee has authored the book - Beyond Survival
 Prior to being the President of India, Pranab Mukherjee was India‟s __________- Union
Minister of Finance
 Who is the current Union Minister of Finance? - P. Chidambaram
 Who is responsible for the fiscal policy of India? - Finance Minister
 Prime Minister Manmohan Singh is the __________ PM of India.- 13th

 Tehelka is a _______. – Magazine/ Website/ Tabloid
 Volocopter, the world‟s first green helicopter which is noiseless and emission free has been
tested in which country? – Germany
 Tessy Mohan is the Project Director of __________. – Agni IV
 Tessy Thomas was conferred ______________ for her outstanding contribution for making
India self-reliant in the field of missile technology. - Lal Bahadur Shastri National Award
 Full form of AMFI is ________. - Association of Mutual Funds in India
 What does M stand for in CAMELS ratings? – Management Quality
 Full form of CHOGM is ___________. - Commonwealth Heads of Government Meeting
 Expand CRISIL. - Credit Rating Information Services of India Limited
 Expand EGoM. - Empowered Group of Ministers
 The capital of Algeria is _________. – Algiers
 The currency of Libya - Dinar
 The capita of Burkina Faso is ________. Ouagadougou
 The currency of Nigeria - Naira
 The author of the book „God of Small Things‟ is – Arundhati Roy
 The author of „Five Point Someone‟- Chetan Bhagat
 The author of „Pride and Prejudice‟- Jane Austen
 The Author of the book „Joseph Anton‟- Salman Rushdie
 The author of the book „The Luminaries‟ is - Eleanor Catton
 Who is the winner of The Man Booker Prize 2013? - Eleanor Catton
 The author of the book „Bring Up the Bodies‟ – Hilary Mantel
 As per the RBI guidelines PSBs has to give loans to women SHGs at the interest rate of
______. – 7 per cent
 The GAAR rules will become applicable by which year? – 2016
 A type of risk related to the trustworthiness of business is called ________. – Reputational
Risk
 Whenever a bank gives out a loan in a fractional-reserve banking system, a new sum of
virtual money is created. This process is called _________. – Money Creation
 The Reserve Bank of India will launch Inflation indexed Bonds which will be indexed to – CPI
 C.N.R. Rao, who is to be conferred the prestigious Bharat Ratna Award, is a famous –
Scientist
 Who has been appointed as the CMD of Bharatiya Mahila Bank? - Usha
Ananthasubramanian
 How many major central banks of the world have made their network of currency swap facility
permanent? – Six
 Expand PACS. - Primary Agricultural Cooperative Societies
 Pin code given to Supreme Court is – 110 201
 Who is the Chairman of Insurance Regulatory and Development Authority? - T. S. Vijayan
 Which bank has, recently, launched a campaign named ‘Own Your NPA’? – IDBI Bank
 Expand P-Notes. – Participatory Notes
 Fitch has scaled down its projections on India‟s growth to _________ for the current fiscal. -
4.8%
 Which organization is responsible for introduction of KYC norms in India? – RBI
 AML-KYC day is observed in India on which day? - First working day of August each year
 CTS scheme was first implemented by RBI in which city? – New Delhi
 The deadline for implementing the CTS 2010 as given by RBI is - 31 December 2013
 The maximum amount per transaction in NEFT is limited to _________ for cash-based
remittances and remittances to Nepal. - Rs.50,000
 Expand CORE in Core Banking Solutions. - Centralized Online Real-time Environment
 Normal core banking functions will include _________________. - Deposit accounts,
Loans, Mortgages and Payments.
 Expand IFSC. - Indian Financial System Code
 What is the processing fee for the inward transactions in RTGS? – Free
 Whom should a person contact, in case of non-credit or delay in credit to the beneficiary
account under RTGS system? – Bank Branch (If the issue is not resolved satisfactorily,
complaint may be lodged to the Customer Service Department of RBI)
 Who is responsible for the fiscal policy of India? - Finance Minister
 Prime Minister Manmohan Singh is the __________ PM of India.- 13th

 Tehelka is a _______. – Magazine/ Website/ Tabloid
 Volocopter, the world‟s first green helicopter which is noiseless and emission free has been
tested in which country? – Germany
 Tessy Mohan is the Project Director of __________. – Agni IV
 Tessy Thomas was conferred ______________ for her outstanding contribution for making
India self-reliant in the field of missile technology. - Lal Bahadur Shastri National Award
 Full form of AMFI is ________. - Association of Mutual Funds in India
 What does M stand for in CAMELS ratings? – Management Quality
 Full form of CHOGM is ___________. - Commonwealth Heads of Government Meeting
 Expand CRISIL. - Credit Rating Information Services of India Limited
 Expand EGoM. - Empowered Group of Ministers
 The capital of Algeria is _________. – Algiers
 The currency of Libya - Dinar
 The capita of Burkina Faso is ________. Ouagadougou
 The currency of Nigeria - Naira
 The author of the book „God of Small Things‟ is – Arundhati Roy
 The author of „Five Point Someone‟- Chetan Bhagat
 The author of „Pride and Prejudice‟- Jane Austen
 The Author of the book „Joseph Anton‟- Salman Rushdie
 The author of the book „The Luminaries‟ is - Eleanor Catton
 Who is the winner of The Man Booker Prize 2013? - Eleanor Catton
 The author of the book „Bring Up the Bodies‟ – Hilary Mantel
 As per the RBI guidelines PSBs has to give loans to women SHGs at the interest rate of
______. – 7 per cent
 The GAAR rules will become applicable by which year? – 2016
 A type of risk related to the trustworthiness of business is called ________. – Reputational
Risk
 Whenever a bank gives out a loan in a fractional-reserve banking system, a new sum of
virtual money is created. This process is called _________. – Money Creation
 The Reserve Bank of India will launch Inflation indexed Bonds which will be indexed to – CPI
 C.N.R. Rao, who is to be conferred the prestigious Bharat Ratna Award, is a famous –
Scientist
 Who has been appointed as the CMD of Bharatiya Mahila Bank? - Usha
Ananthasubramanian
 How many major central banks of the world have made their network of currency swap facility
permanent? – Six
 Expand PACS. - Primary Agricultural Cooperative Societies
 Pin code given to Supreme Court is – 110 201
 Who is the Chairman of Insurance Regulatory and Development Authority? - T. S. Vijayan
 Which bank has, recently, launched a campaign named ‘Own Your NPA’? – IDBI Bank
 Expand P-Notes. – Participatory Notes
 Fitch has scaled down its projections on India‟s growth to _________ for the current fiscal. -
4.8%
 Which organization is responsible for introduction of KYC norms in India? – RBI
 AML-KYC day is observed in India on which day? - First working day of August each year
 CTS scheme was first implemented by RBI in which city? – New Delhi
 The deadline for implementing the CTS 2010 as given by RBI is - 31 December 2013
 The maximum amount per transaction in NEFT is limited to _________ for cash-based
remittances and remittances to Nepal. - Rs.50,000
 Expand CORE in Core Banking Solutions. - Centralized Online Real-time Environment
 Normal core banking functions will include _________________. - Deposit accounts,
Loans, Mortgages and Payments.
 Expand IFSC. - Indian Financial System Code
 What is the processing fee for the inward transactions in RTGS? – Free
 Whom should a person contact, in case of non-credit or delay in credit to the beneficiary
account under RTGS system? – Bank Branch (If the issue is not resolved satisfactorily,
complaint may be lodged to the Customer Service Department of RBI)

Some expected Questions & Topics for IBPS Clerk-3 BANKING TERMS



IFSC
* The full form of IFSC is – Indian Financial System Code
* How many digits are contained in IFSC – 11
* The first four characters represent the – bank code
* The 5th character of a IFSC code is - zero
 The last 6 characters represent the – bank branch code
 The IFSC code facilitates - uniquely identifies a bank-branch participating in the NEFT system
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KYC
 The full form of KYC is – Know Your Customer
 KYC was introduced by – RBI
 RBI introduced KYC guidelines for all banks in the year - 2002
 The components of KYC – Identity proof , address proof , photographs
 The objective of KYC guidelines is – to prevent banks from criminal money laundering
activities
 KYC day is celebrated on – First working day of august every year
NEFT
 The full form of NEFT is – National Electronic Fund Transfer
 The minimum limit that could be transferred using NEFT – No Limit
 The maximum limit that could be transferred using NEFT – No Limit
 Can remittances be sent abroad using NEFT- No(except Nepal under the Indo-Nepal
Remittance Facility Scheme)
 Can NEFT be used to transfer funds from / to NRE and NRO accounts-Yes
 Maximum amount per transaction for cash-based remittances to Nepal is limited to -
Rs.50,000/-
KISAN CREDIT CARD
 The full form of KCC – Kisan Credit Card
 KCC scheme was intoduced by – GOI , RBI , NABARD
 KCC scheme was introduced in the year – 1998
 The objective of KCC is – to fulfill the credit needs of farmers during cropping season through
banking system.
BSBDA
 The full form of BSBDA is – Basic Saving Bank Deposit Account
 The BSBDA scheme is launched by – RBI
 Who can open BSBDA - Any individual, including poor or those from weaker section of the
society
 BSBDA guidelines are applicable to -all scheduled commercial banks in India including
foreign banks having branches in India.
 As per guidelines issued on 22 august 2012 by RBI, all the existing No-frill accounts opened
by the banks are now converted into – BSBDA
 What is the initial minimum deposit required while opening a Basic saving bank deposit
accounts – Zero Balance
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 How many 'Basic Savings Bank Deposit Account' can an individual have in one bank – Only
one
 Whether there are any restrictions like age, income, amount etc criteria for opening BSBDA
by banks - No
 The BSBDA helps in promoting – Financial Inclusion
BASE RATE
 What is base rate ? – The minimum interest rate of a bank below which it cannot lend to
public
 The BPLR(Benchmark prime lending rate)was introduced in the year - 2003
 The BPLR was converted into base rate on – july 2010
 RBI made mandatory for all banks to introduced w.e.f. – 1
stJuly 2010
 The minimum base rate is fixed by – RBI
SAVING ACCOUNT
 Saving Deposit Accounts are part of – Demand deposits of banks
 The objective of saving account is – to encourage small savings done by people
 The current interest rate on saving account as per RBI is – 4 %
 The minimum interest rate in saving deposit account is fixed by – RBI


PUBLIC SECTOR BANKS
 The majority stake in a public sector bank is held by – Government of India(i.e.more than
50%)
 How many public sector banks are operating within INDIA ? – 27 (BMB recently added)
 Among the public sector banks ,the number of nationalised banks are – 19
 The name of the newly established public sector bank – Bhartiya Mahila Bank
 The headquarter of BMB is located in – New Delhi
 The newly elected chairman of BMB is – Usha Ananthasubramanian
 BMB is started with the initial minimum capital of – Rs.1000 crore
 1
st
 woman chairperson of SBI – Arundhati Bhattacharya
OLYMPIC 2012
 The summer Olympics 2012 was held in – London,UK
 The mascot of London Olympics 2012 - Wenlock
 India won how many medals in 2012 summer Olympics – 6
 How many silver medals won by India in summer Olympics 2012 - 2
 How many bronze medals won by India in summer Olympics 2012 – 4
 Who won maximum number of medals in summer Olympics 2012 – USA(46g,29s,29b=104)
 The rank of India in summer Olympics 2012 – 55
 Who won silver medal in shooting – Vijay Kumar
 Who won silver medal in wrestling – Sushil Kumar
 Who won bronze in shooting – Gagan Narang
 Yogeshwar Dutt won bronze in summer olympics2012.He is related to -wrestling
 Who won bronze in boxing – Mary Kom
 Who won bronze in badminton – Saina Nehwal
 Who was the flag bearer from India in the opening of summer Olympics 2012 ? – Sushil
Kumar
 Join us on- https://www.facebook.com/Emahendras
 Who was the flag bearer from India in the closing of summer Olympics 2012? – Mary Kom
ELECTRIC DATA CAPTURE MACHINE(EDC)
 The full form of EDC – Electric Data Capture
 EDS is a computerized system designed for - collection of clinical data in electronic format

IFSC
 The full form of IFSC is – Indian Financial System Code
 How many digits are contained in IFSC – 11
 The first four characters represent the – bank code
 The 5th
 character of a IFSC code is - zero
 The last 6 characters represent the – bank branch code
 The IFSC code facilitates - uniquely identifies a bank-branch participating in the NEFT system
https://www.facebook.com/Emahendras
KYC
 The full form of KYC is – Know Your Customer
 KYC was introduced by – RBI
 RBI introduced KYC guidelines for all banks in the year - 2002
 The components of KYC – Identity proof , address proof , photographs
 The objective of KYC guidelines is – to prevent banks from criminal money laundering
activities
 KYC day is celebrated on – First working day of august every year
NEFT
 The full form of NEFT is – National Electronic Fund Transfer
 The minimum limit that could be transferred using NEFT – No Limit
 The maximum limit that could be transferred using NEFT – No Limit
 Can remittances be sent abroad using NEFT- No(except Nepal under the Indo-Nepal
Remittance Facility Scheme)
 Can NEFT be used to transfer funds from / to NRE and NRO accounts-Yes
 Maximum amount per transaction for cash-based remittances to Nepal is limited to -
Rs.50,000/-
KISAN CREDIT CARD
 The full form of KCC – Kisan Credit Card
 KCC scheme was intoduced by – GOI , RBI , NABARD
 KCC scheme was introduced in the year – 1998
 The objective of KCC is – to fulfill the credit needs of farmers during cropping season through
banking system.
BSBDA
 The full form of BSBDA is – Basic Saving Bank Deposit Account
 The BSBDA scheme is launched by – RBI
 Who can open BSBDA - Any individual, including poor or those from weaker section of the
society
 BSBDA guidelines are applicable to -all scheduled commercial banks in India including
foreign banks having branches in India.
 As per guidelines issued on 22 august 2012 by RBI, all the existing No-frill accounts opened
by the banks are now converted into – BSBDA
 What is the initial minimum deposit required while opening a Basic saving bank deposit
accounts – Zero Balance
 Join us on- https://www.facebook.com/Emahendras
 How many 'Basic Savings Bank Deposit Account' can an individual have in one bank – Only
one
 Whether there are any restrictions like age, income, amount etc criteria for opening BSBDA
by banks - No
 The BSBDA helps in promoting – Financial Inclusion
BASE RATE
 What is base rate ? – The minimum interest rate of a bank below which it cannot lend to
public
 The BPLR(Benchmark prime lending rate)was introduced in the year - 2003
 The BPLR was converted into base rate on – july 2010
 RBI made mandatory for all banks to introduced w.e.f. – 1
stJuly 2010
 The minimum base rate is fixed by – RBI
SAVING ACCOUNT
 Saving Deposit Accounts are part of – Demand deposits of banks
 The objective of saving account is – to encourage small savings done by people
 The current interest rate on saving account as per RBI is – 4 %
 The minimum interest rate in saving deposit account is fixed by – RBI


PUBLIC SECTOR BANKS
 The majority stake in a public sector bank is held by – Government of India(i.e.more than
50%)
 How many public sector banks are operating within INDIA ? – 27 (BMB recently added)
 Among the public sector banks ,the number of nationalised banks are – 19
 The name of the newly established public sector bank – Bhartiya Mahila Bank
 The headquarter of BMB is located in – New Delhi
 The newly elected chairman of BMB is – Usha Ananthasubramanian
 BMB is started with the initial minimum capital of – Rs.1000 crore
 1st woman chairperson of SBI – Arundhati Bhattacharya
OLYMPIC 2012
 The summer Olympics 2012 was held in – London,UK
 The mascot of London Olympics 2012 - Wenlock
 India won how many medals in 2012 summer Olympics – 6
 How many silver medals won by India in summer Olympics 2012 - 2
 How many bronze medals won by India in summer Olympics 2012 – 4
 Who won maximum number of medals in summer Olympics 2012 – USA(46g,29s,29b=104)
 The rank of India in summer Olympics 2012 – 55
 Who won silver medal in shooting – Vijay Kumar
 Who won silver medal in wrestling – Sushil Kumar
 Who won bronze in shooting – Gagan Narang
 Yogeshwar Dutt won bronze in summer olympics2012.He is related to -wrestling
 Who won bronze in boxing – Mary Kom
 Who won bronze in badminton – Saina Nehwal
 Who was the flag bearer from India in the opening of summer Olympics 2012 ? – Sushil
Kumar
 Who was the flag bearer from India in the closing of summer Olympics 2012? – Mary Kom
ELECTRIC DATA CAPTURE MACHINE(EDC)
 The full form of EDC – Electric Data Capture
 EDS is a computerized system designed for - collection of clinical data in electronic format

GK with Answers FOR IBPS CLK

***Important GK with Answers FOR IBPS CLK***
....................................................
Q-1.: Name the player of USA who created history by grabbing his 22nd Olympic medal?
Ans: Michael Phelps (retires, won 18 gold medals in total).
Q-2.: Which company name is based on river name?
Ans: Nokia
Q-3.: How many medals are won by India in Olympics 2012?
Ans : 6 medals, 4 bronze and 2 silver
Q-4.: Who is the first Indian male shuttler to reach Olympic quarters?
Ans: Parupalli Kashyap.
Q-5.: Which famous explorer visited India in the late 13th century?
Ans : Marco Polo
Q-6.: Name the Indian who won Magsaysay award for community initiatives in Tamil Nadu?
Ans: Kulandei Francis
Q-7.: Where is a tunnel near the Indo-Pak border detected?
Ans: In Samba.
Q-8.: Compound and Recurve are the types of equipment associated with which sports?
Ans: Archery
Q-9.: Bleaching Powder is prepared by passing chlorine through
Ans: Quicklime
Q-10.: The Election commission of India situated in _______?
Ans: New Delhi