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Thursday, 23 July 2015

Indian Banks

$$Indian Bank $$

1. 'Basic Savings Bank Deposit Account' (Bisbeedia) What is the definition?
►-December 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, the rich part of the population account 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.

Although many times the amount deposited by the customer during the month should be no restrictions on it, however, account holders within one month to four withdrawals, including ATM withdrawals will be permitted; And
ATM card or ATM-cum-debit card will feature.
2. The Reserve Bank of India (RBI) was established when?
►-RBI establishment of the Reserve Bank 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.
3. RBI (Reserve Bank of India) What are the main functions?
►-Monetary Authority.
(A) monetary policy, prepares and monitors its implementation.
(B) Purpose: to maintain price stability and adequate flow of credit to productive sectors to ensure.
4. The financial system regulator and supervisor.
►-banking operations, determines the detailed criteria under which the country's banking and financial system works.
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.
5. Foreign Exchange Manager.
►-Foreign Exchange Management Act, 1999 manages.
Objective: to facilitate foreign trade and payments and foreign exchange market in India to grow and maintain gradual.

6. Currency Issuer.
►-currency exchange issues and does not deserve to live or operational destroys currency and coins.
Objective: good quality currency notes and coins to the general public to provide adequate.
7. developmental role.
►-national objectives to support a wide range of promotional work.
8. Related Work.
►- (A) Government Banker: central and state government is playing the role of the merchant bank; His banker undertakes.
(B) for banks Banker: All scheduled banks has bank accounts.
9. How many offices of the Reserve Bank of India?
►-19 regional offices and 9 sub-offices, most of which are located in state capitals.
10. What are the Act governing banking operations?
►- (1). Companies Act, 1956: The company controls over banks.
(2). Banking Companies (Acquisition and Transfer of Undertakings) Act
1970/1080: The nationalization of banks related to.
(3). Banker's Book Evidence Act, 189.1
(4). Banking Privacy Act.
(5). Negotiable Instruments Act, 1881.
11. 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). National Housing Bank Act.
(6). Deposit Insurance and Credit Guarantee Corporation Act.
L2khmare currency in the country is called?
►-in our country, the Indian currency (INR) Currency and coins are called money. 100 is a penny of money.

At the present time in L3kbart What denominations of notes?
►-India at present 5,10, 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.
14. What is a valid currency?
►-RBI issued by or on each bank note to pay face value for valid currency anywhere around India and the RBI Act -1934 Section 26 sub-section (2) As per the provisions contained in the Government of India guarantee.
15. Why are the liabilities of the Government of India rupee coin?
►-India rupee coins Coin Act issues, the Euro coins issued by the government in its liabilities are covered.
16. The central bank currency to the public how the leads?
►-currently 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 issue in a sub-office in Lucknow and Kochi offices and locker with a currency exchange Safes through the widespread exchange of Management is working.
17. What is the currency chest?
►-it is a sort of warehouse notes and coins on behalf of the Reserve Bank's reserves are maintained. As of June 30, 2006 exchange lockers and small coins Dipen respectively to 4428 and 4102.
18. What are the small coin depots?
►-small 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.
19. 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 deliver on hire purchase, insurance business, chit business engaged in, but they do not include such an institution whose core business, agriculture, industrial activity, real estate purchase / sale / manufacture.
20. 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.
21. Working capital (working capital) is?
►-goods production in addition to the permanent assets, raw materials, energy, labor and other expenses have to be paid. Working capital to be used in these items is called capital.
22. "Zero Net-ed '(Zero Net Aid) is?
►-when a country's economy has reached such a level of self-sufficiency that foreign aid is not needed, it adds cumin net-ed.

23. Micro, Small and Medium Enterprises What is the definition?
►-micro, small and medium enterprises are divided into two categories for the definition is-
(1). Nirmta industry and (2). Service Industry.
(1). Manufacturers industry in which a micro-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). Service industry that is a fine-grained industry where 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.
24. MCX Stock Exchange Limited (MCX-SX) is?
MCX 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.

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