This test is based on latest developments in Banking in�India between Jan 2009 to April 2010 based on the regulatory guidelines (RBI) The basic reference material is the Monthly Credit Information Review Published by Reserve Bank of India and available in their website. The Test is designed with a view to help aspiring promotees of Indian Public Sector Banks from clerical to Officer cadre as well as for grade promotion exams for the officers. The Test template is identical to the one adopted by IBPS for their online tests. This Test will be useful as a practice test for such Banking Personnel from India. �Errors and mistakes that might have crept in by oversight, may please be excused. Please take Quiz Password by e Mailing to [email protected] C
No Frill Accounts
General Purpose Credit Card
Smart Card with Biometric solutions
Appointment of Business Facilitators and Correspondents
All the above
Financial Literacy and Credit Counselling
Financial Leverage and Credit Control
Financial Legacy Coverage Concept
Factoring Liquidity to Core Credit
Fiduciary Line of Customers Credit
Provide financial counselling services through face-to-face interaction as well as through other available media like e-mail, fax, mobile, etc., education on responsible borrowing, proactive and early savings, and offer debt counselling to individuals who are indebted to formal and/ or informal financial sectors
Arrange for debt swap and loan takeover
Educate people in rural and urban areas regarding the various financial products and services available from the formal financial sector
Formulate debt restructuring plans for borrowers in distress and recommend them to formal financial institutions, including cooperatives, for consideration
Take up any such activity that promotes financial literacy, awareness of banking services, financial planning and amelioration of debt-related distress of individuals
Verified by Visa
A system of providing for additional authentication/ validation based on information not visible on the cards for all on-line ‘card not present’ transactions except interactive voice recognition (IVR) transactions
A system of ';Online Alerts'; to the cardholder for all 'card not present' transactions of the value of Rs. 5,000 and above
Verisign Certification/Appending Digital signature
B & C above
Factoring Services Force
Final Systems Figure
Fractional Segregation Finance
Financial Stability Forum
Futuristic Services Finance
3%
4%
5%
6%
10%
3 years
5 Years
7 Years
10 Years
No Ceiling at present.
Banks which comply with the eligibility criteria would be permitted to issue all categories of pre-paid payment instruments.
Non-banking financial companies (NBFCs) and other persons would be permitted to issue only semi-closed system payment instruments.
Only banks which have been permitted to provide mobile banking transactions by the Reserve Bank would be permitted to launch mobile based pre-paid payment instruments (mobile wallets and mobile accounts)
Banks and NBFCs which comply with the capital adequacy requirements prescribed by the Reserve Bank, would be permitted to issue pre-paid payment instruments. All other persons should have a minimum paid-up capital of Rs 100 lakh and positive net owned funds
All the above
Semi-closed system payment Instruments up to Rs 1000
Pre-paid payment instruments up to Rs 5000
No Classification/No Ceiling
A & B above
None of the above.
True
False
Partly True
Partly False
1000
5000
10000
50000
No Limit
6 Months from the date of activation/issuance to the holder
12 months
18 months
24 months
None of the above
Automatically a reloaded new instrument will be issued
On the date of expiry of validity
If the holder is cautioned at least 15 days in advance regarding the expiry of the validity.
None of the above
If the holder is repeatedly cautioned at least 30 days in advance regarding the expiry of the validity.
True
False
Rs 500
Rs 1000
Rs 2500
Rs 5000
Rs 250
March 31, 2011
April 1, 2012
March 31, 2014
September 30, 2010
None of the above
Cash Management Bills
Tresury Bills
Dated Securities
Indian Depository Receipts
Gilt Edged Securities
91 days
Less than 91 days
90 days
60 days
30 days
Call Option
Step Up Option
Put Option
A & B above
A & C above
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