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
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
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
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
No comments:
Post a Comment