1
Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairman of PSBs?
Answer: Bank Board Bureau
Questions
2
As per the notification by Reserve Bank of India (RBI) on 6th Aug’15, in which areas the banks are allowed to shift, merge or close branches without seeking its prior permission?
Answer: Urban Areas
3
On 6th Aug’15 the Lok Sabha adopted the Negotiable Instruments (Amendment) Bill 2015 that enables the _________.
Answer: Enable Cheque collections on Electronic Mode & Proposed to change the definition of Cheques
4
What is the name of the project that is an ambitious project of the Union Finance Ministry to bring into net black money hoarders and tax evaders by using optimum technology?
Answer: Project Insight
5
As per the RBI Guidelines, on which of the following days RTGS facility will not operate?
Answer: 2nd Saturday of the month & 4th Saturday of the month
6
Which of the following are to be followed by Commercial Banks for risk management?
Answer: Basel II norms
7
Which of the following norms intends to strengthen Bank Capital requirements?
Answer: Basel III norms
9
The Definition of ‘Banking’ is given in _______?
Answer: Banking Regulation Act, 1949
11
When did the Reserve Bank of India notify the draft regulations relating to the Credit Information Companies (Regulation) Act, 2005?
Answer: April 5, 2006
12
Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934?
Answer: CRR
13
Banks are required to maintain SLR under which act?
Answer: Section 24 of the Banking Regulation Act
14
Which of the following is the clearing agency for Government securities?
Answer: CCIL
15
Which act allows banks and other financial institution to auction residential or commercial properties to recover loans?
Answer: SARFAESI Act, 2002
16
Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993?
Answer: Both (A) and (B)
17
Which of the following Act refers to the acquisition and transfer of the undertakings of certain banking companies?
Answer: Banking Companies (acquisition and transfer of undertakings), 1970
18
As per the provisions of which act all financial institutions have to maintain a record for all form of transactions?
Answer: PMLA Act, 2002
19
Which of the following gives consumers the right to see their credit records and correct mistakes?
Answer: FCRA
