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
 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