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WorksheetsRevision - RB
Total questions: 25
Worksheet time: 13mins
Which one is not the key for future of Retail Banking?
Personal or Relationship banking through need based solutioning
Branch Banking
Sharing the information about the credit history
Outsourcing to manage large volumes of transactions and service requests
What is Standing Instruction in Banking?
It is a mandate given by the customer to Bank
It is similar to Power of Attorney
It is an instruction given by the customer to bank while standing in the counter
It is a scheduled Payment instruction set by account holder
Full form of AMB?
Aggregate Monthly Balance
Average Monthly Balance
Average Maturity Balance
Additional Monthly Balance
For opening Current Account by Pvt/Public Ltd Companies, following is not mandatory
Certificate of Incorporation
Articles of Association
MSME Registration certificate
Memorandum of Association
What is CMS?
Credit Management Solutions
Credit Management Systems
Cash Management Solutions
Customer Management Solutions
For Edge Business Current Account what is the QAB?
Rs2, 00,000& above
Rs 10,000 & above
Rs 1,00,000 & above
Rs 25000 & above
Nomination for payment of Depositors money is dealt in which Act?
Banking Regulation Act 1949
Reserve Bank of India Act 1949
Banking Regulation Act 1934
Reserve Bank of India Act 1934
Customers in Banks are categorized as
Loan/Investor/Depositor
Retail/SME/Corporate
Past/Present/Future
Major/Minor/Infant
Which one is correct in case of nomination in Deposit account?
There can be more than one nominee in joint accounts
Minor can not be appointed as nominee
Nomination rule introduced as per Section 45ZC of BR Act 1934
Nominee will come in to picture only in case of death of customers
ADC stands for ______.
Asset Disbursement Centres
Asset Delivery Channel
Alternate Delivery channel
Alternate Deposit Counter
How many nominees can be appointed in a joint savings account?
One person only
Maximum two
No restrictions
Maximum four
________ is an exclusive loyalty program initiated by YES Bank for its valued customers.
Yes Loyalty
Yes Rewardz
Yes Edge
Yes Value
What is the AMB requirement for Senior Citizen Savings account?
5000/-
25000/
30000/-
10000/
BSBDA stands for?
Basic Savings Bank Deposit Account
Basic Saving and Bank Demand Account
Broad Saving and Bank Deposit Account
Basic Saving and Bank Deposit Access
Term Deposits are also called as ______.
Time Liabilities
Demand Liabilities
Assets
Fixed Assets
_____________ is one of the challenges for Retail banks in India
Customer retention
Providing error free service
Providing cash
Customer service
As per RBI guidelines, banks are free to decide the SB interest rate and the rate should be uniform upto Rs. ____ .
50,000
2 Lakhs
1 Lakh
5 Lakhs
As per RBI guidelines, minors above the age of ___ years may be allowed to open and operate a savings account independently.
10
12
8
15
Retail banking business was trigged by ________.
GOI Financial Inclusion policy
Advent of New generation Private sector banks
Bank nationalisation
Industrial Revolution
As per RBI guidelines, SA deposit interest rates are decided by ____.
RBI
the bank
NABARD for RRBs and RBI for all other banks
IBA
PMJDY stands for _______.
Pradhan Mantri Jai Dhan Yojana
Pradhan Mantri Jan Dhan Yojana
Pradhan Mukhya Jan Dhan Yojana
Pradhan Mantri Jan Divya Yojana
What is the AMB requirement for MY First YES SA?
1500/-
25000/-
2500/-
1000/-
Which of the following is not a feature of current account?
It is a type of deposit account
Restriction in large number of transactions on daily basis
Non-interest bearing acccount
Opened for carrying out business transactions
Full form of NTB
New Total Business
New to Bank
Net total Balance
Net Total Business
Full form of API Banking?
Application Programmed Internet
Annual Programming Interface
Application Programming Interface
Annual Programming Internet
