** Frequently Asked Questions ** banking interview
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• Reserve Bank of India (RBI) was established when?
- The establishment of the Reserve Bank Reserve Bank of India Act, 1934 as provided by April 1, 1935 occurred. The Reserve Bank's central office, which initially was settled in Kolkata in 1937 permanently moved to Mumbai. The central office is the office where the Governor sits and where policies are determined. Although initially it was private Swmitv, since nationalization in 1949, the Government of India is fully Swmitv.
• RBI (Reserve Bank of India) What are the main functions?
- Monetary Authority
(1) monetary policy, prepares and monitors its implementation.
(2) Purpose: to maintain price stability and adequate flow of credit to productive sectors to ensure.
- Regulator and supervisor of the financial system
(1) banking operations, determines the detailed criteria under which the country's banking and financial system works.
(2) The aim: to keep the people's faith in the system, to protect the interests of depositors and the general public to provide affordable banking services.
- Foreign exchange manager
(1) Foreign Exchange Management Act, 1999 manages.
(2) Objective: to facilitate foreign trade and payments and foreign exchange market in India to grow and maintain gradual.
-mudraa Issuer
(1) currency exchange issues and does not deserve to live or operational destroys currency and coins.
(2) Objective: good quality currency notes and coins to the general public to provide adequate.
-vicasatmk Role
(1) to support national objectives widespread promotional work.
-related Work
(1) the government's banker: central and state government is playing the role of the merchant bank; His banker undertakes.
(2) banks Banker: All scheduled banks has bank accounts.
• The Reserve Bank of India's many offices?
19 regional offices and 9 sub-offices, most of which are located in state capitals.
• What are the Act governing banking operations?
(1) of the Companies Act, 1956: The company controls over banks
(2) Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1080: nationalization of the banks belonging to
(3) The banker Book Evidence Act, 1891
(4) Banking Privacy Act
(5) Negotiable Instruments Act, 1881
• What are the different entities that regulate the act?
(1) State Bank of India Act, 1954
(2) Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003
(3) Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
(4) National Agricultural and Rural Development Bank Act
(5) The National Housing Bank Act
(6) The Deposit Insurance and Credit Guarantee Corporation Act
• currency in our country is called?
-Our Country, the Indian currency (INR) Currency and coins are called money. 100 is a penny of money.
• What are the different denominations in India at the present time are notes?
5,10-India at the present time, 20, 50,100, are issued in denominations of Rs 500.1000. These bank notes are called. Because these are issued by RBI. 1, 2, 5 rupees notes are stopped printing because they have been Sikkakrn. Well before the release notes are still in circulation will remain physicians.
• What is a valid currency?
-bartiy Reserve bank notes issued by the Bank for payment or for the face value valid currency anywhere around India and the RBI Act -1934 Section 26 sub-section (2) contained in As per the provisions of the Government guarantee.
• Why a rupee coin Indian government's liabilities are covered?
Government-India rupee coins Coin Act issues, the Euro coins issued by the government in its liabilities are covered.
• How the RBI to public transports currency?
At present time the Reserve Bank, Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Belapur (Navi Mumbai), Kolkata, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Mumbai (Fort), Nagpur, New Delhi, Patna and Tiruwantpurm Output offices and a sub-office in Lucknow and Kochi with a currency exchange Safes vault through the widespread exchange of Management is working.
• What is the currency chest?
-This Is a type in which the central bank on behalf of warehouse stocks of notes and coins are kept. As of June 30, 2006 exchange lockers and small coins Dipen respectively to 4428 and 4102.
• What is small coin depot?
Short coins to keep stores open some bank branches too small coin depots have been authorized. Small Coin Depot also their purview provide small coins to other bank branches.
• What are the non-banking financial company?
Non Banking Company is a company registered under the Companies Act 1956 and the loans and advances of shares / stocks / bonds / debentures / securities issued by the government or local authorities or other similar marketable securities acquisition, leasing Offering, hire purchase, insurance business, chit business engaged in, but they do not contain any such institution whose core business agriculture, industrial activity, real estate purchase / sale / manufacture.
• Besl- II standard is?
-besl- II standard banking and financial institutions related to international format. The determination of the city of Basel in Switzerland because it is known by this name. Whether the standard set in the year 1980 I was Besl-. Besl- II came in June 2004 under the standards of international financial risks, banks and financial institutions to deal with a certain amount of funds in reserve in order to set the standards have been.
• working capital (working capital) is?
-vshuon Addition to permanent assets in the production of raw materials, energy, labor and other expenses have to be paid. Working capital to be used in these items is called capital.
• 'net zero-ed' (Zero Net Aid) is?
Whenever a country's economy has reached such a level of self-sufficiency that foreign aid is not needed, it adds cumin net-ed.
• Micro, Small and Medium Enterprises What is the definition?
-micro, For the definition of SME is divided into two categories-the
1. and 2. The service industry Nirmta industry
1. The manufacturer of a micro-industry industry industry is the investment in plant and machinery does not exceed Rs 25 lakh. A small industry is that more than 25 million investment in plant and machinery is less than Rs 5 crore. Plant and machinery investment in the medium industry that's where more than Rs 5 crore, but is less than Rs 10 crore.
2. The service industry is a fine-grained industry where the investment in equipment does not exceed 10 million. A small industry has invested Rs 2 crore. A medium industry is investing over Rs 2 crore, but is less than Rs 5 crore.
• MCX Stock Exchange Limited (MCX-SX) is?
-msiaks Stock Exchange Limited (MCX-SX), India's new stock exchange, under Section 4 of the Securities is recognized by Securities and Exchange Board of India. Is a new stock exchange in India. India's Ministry of Corporate Affairs Act as a stock exchange, MCX-SX Section 2 (39), on December 21, 2013 was recognized under 19.
• 'Basic Savings Bank Deposit Account' (BSBDA) What is the definition?
-disnbr In 2005 and the state and central cooperative banks, regional rural banks had been informed that they are 'zero' or extremely minimum balance and charges a basic banking 'no-frills' account Provide, which account for part of the population labia to be accessible. 'No-frills accounts tied to the wrong concept to overcome, and the whole banking system more homogeneous manner in order to provide basic banking facilities basic' no-frills' account, it was decided to modify the guidelines relating to is. Accordingly, dated December 27, 2005 circular Graahrivi on financial inclusion. Keka. NO. RRB. BC. 58 / 3:05:33 (F) / 2005-06 and 13 December, 2005 Graahrivi. RF. BC. 54 / 07:38:01 / 2005-06 supersede instructions contained in the banks is informed that the Bank is a "basic savings bank deposit account" in which their proposal to open the following minimum common facilities for all customers:
(1) 'BSBDA' available to all should be considered a normal banking services.
(2) a minimum balance for this account will no longer be required.
(3) the account services available cash deposits and withdrawals at the bank's branches and ATMs; Electronic payment channels or central / state government agencies and departments of checks drawn by deposits / funds received through collection / deposit will include;
(4) Although the number of times by the customer during the month there will be no restriction on the amount to be credited, however, account holders within one month to four withdrawals, including ATM withdrawals will be permitted; And
(5) The ATM card or ATM-cum-debit card will feature.
