IFSC the Full Form of IFSC Is

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IFSC the Full Form of IFSC Is IFSC The full form of IFSC is – Indian Financial System Code How many digits are contained in IFSC – 11 The first four characters represent the – bank code The 5th character of a IFSC code is - zero The last 6 characters represent the – bank branch code The IFSC code facilitates - uniquely identifies a bank-branch participating in the NEFT system KYC The full form of KYC is – Know Your Customer KYC was introduced by – RBI RBI introduced KYC guidelines for all banks in the year - 2002 The components of KYC – Identity proof , address proof , photographs The objective of KYC guidelines is – to prevent banks from criminal money laundering activities KYC day is celebrated on – First working day of august every year NEFT The full form of NEFT is – National Electronic Fund Transfer The minimum limit that could be transferred using NEFT – No Limit The maximum limit that could be transferred using NEFT – No Limit Can remittances be sent abroad using NEFT- No(except Nepal under the Indo-Nepal Remittance Facility Scheme) Can NEFT be used to transfer funds from / to NRE and NRO accounts-Yes Maximum amount per transaction for cash-based remittances to Nepal is limited to - Rs.50,000/- KISAN CREDIT CARD The full form of KCC – Kisan Credit Card KCC scheme was intoduced by – GOI , RBI , NABARD KCC scheme was introduced in the year – 1998 The objective of KCC is – to fulfill the credit needs of farmers during cropping season through banking system. BSBDA The full form of BSBDA is – Basic Saving Bank Deposit Account The BSBDA scheme is launched by – RBI Who can open BSBDA - Any individual, including poor or those from weaker section of the society BSBDA guidelines are applicable to -all scheduled commercial banks in India including foreign banks having branches in India. As per guidelines issued on 22 august 2012 by RBI, all the existing No-frill accounts opened by the banks are now converted into – BSBDA What is the initial minimum deposit required while opening a Basic saving bank deposit accounts – Zero Balance How many 'Basic Savings Bank Deposit Account' can an individual have in one bank – Only one Whether there are any restrictions like age, income, amount etc criteria for opening BSBDA by banks - No The BSBDA helps in promoting – Financial Inclusion BASE RATE What is base rate ? – The minimum interest rate of a bank below which it cannot lend to public The BPLR(Benchmark prime lending rate)was introduced in the year - 2003 The BPLR was converted into base rate on – july 2010 RBI made mandatory for all banks to introduced w.e.f. – 1stJuly 2010 The minimum base rate is fixed by – RBI SAVING ACCOUNT Saving Deposit Accounts are part of – Demand deposits of banks The objective of saving account is – to encourage small savings done by people The current interest rate on saving account as per RBI is – 4 % The minimum interest rate in saving deposit account is fixed by – RBI PUBLIC SECTOR BANKS The majority stake in a public sector bank is held by – Government of India(i.e.more than 50%) How many public sector banks are operating within INDIA ? – 27 (BMB recently added) Among the public sector banks ,the number of nationalised banks are – 19 The name of the newly established public sector bank – Bhartiya Mahila Bank The headquarter of BMB is located in – New Delhi The newly elected chairman of BMB is – Usha Ananthasubramanian BMB is started with the initial minimum capital of – Rs.1000 crore 1st woman chairperson of SBI – Arundhati Bhattacharya OLYMPIC 2012 The summer Olympics 2012 was held in – London,UK The mascot of London Olympics 2012 - Wenlock India won how many medals in 2012 summer Olympics – 6 How many silver medals won by India in summer Olympics 2012 - 2 How many bronze medals won by India in summer Olympics 2012 – 4 Who won maximum number of medals in summer Olympics 2012 – USA(46g,29s,29b=104) The rank of India in summer Olympics 2012 – 55 Who won silver medal in shooting – Vijay Kumar Who won silver medal in wrestling – Sushil Kumar Who won bronze in shooting – Gagan Narang Yogeshwar Dutt won bronze in summer olympics2012.He is related to -wrestling Who won bronze in boxing – Mary Kom Who won bronze in badminton – Saina Nehwal Who was the flag bearer from India in the opening of summer Olympics 2012 ? – Sushil Kumar Who was the flag bearer from India in the closing of summer Olympics 2012? – Mary Kom ELECTRIC DATA CAPTURE MACHINE(EDC) The full form of EDC – Electric Data Capture EDS is a computerized system designed for - collection of clinical data in electronic format Q1. What is the Banking Ombudsman Scheme? The Banking Ombudsman Scheme enables an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certain services rendered by banks. Q2. When was the Banking Ombudsman Scheme introduced? Introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Q3. Who is a Banking Ombudsman? A senior official appointed to redress customer complaints against deficiency in certain banking services Q4. How many Banking Ombudsmen have been appointed till now? As on date, fifteen Banking Ombudsmen with their offices located mostly in state capitals. Q5. Which are the banks covered under the Banking Ombudsman Scheme, 2006? All Scheduled Commercial Banks, Regional Rural Banks and Scheduled Primary Co- operative Banks. Q6. When can one file a complaint? One can file a complaint before the Banking Ombudsman if the reply is not received from the bank within a period of one month after the bank concerned has received one s representation, or the bank rejects the complaint, or if the complainant is not satisfied with the reply given by the bank. Q7. What is the procedure for filing the complaint before the Banking Ombudsman? One can file a complaint with the Banking Ombudsman simply by writing on a plain paper. One can also file it online (at “click here to go to Banking Ombudsman scheme” or by sending an email to the Banking Ombudsman. Q8. A micro enterprise is an enterprise where investment in plant and machinery does not exceed _________. Rs. 25 lakh; Q9. A small enterprise is an enterprise where the investment in plant and machinery is ______________ More than Rs. 25 lakh but does not exceed Rs. 5 crore; Q10. A medium enterprise is an enterprise where the investment in plant and machinery is _______________________ More than Rs.5 crore but does not exceed Rs.10 crore Q11. A micro enterprise is an enterprise where the investment in equipment does not exceed ___________ Rs. 10 lakh Q12. A small enterprise is an enterprise where the investment in equipment is_______________ More than Rs.10 lakh but does not exceed Rs. 2 crore Q13. A medium enterprise is an enterprise where the investment in equipment is ____________ More than Rs. 2 crore but does not exceed Rs. 5 crore Q14. How many such specialized branches for lending to MSMEs are there. As on March 2013 how many specialized MSME branches are there? 2032 specialized MSME branches. Q16. Who appoints the Banking Ombudsman in India? RBI Q17. Bharat Nirman is _______________plan which was implemented by the Government of India in order to provide some basic amenities to the rural India. Rural infrastructure Q18. Bharat Nirman have been sub-divided into how many sections? six sections which includes; Waters Roads Housing Telephone Electricity Irrigation Q19.When was Bharat Nirman launched in India ? In 2005. Q20. Bharat Nirman was implemented during _______________. 2005-06 to 2008-09. Q21. Bharat Nirman is a time-bound plan for rural infrastructure by the Government of India in partnership with State Governments and ________________ Panchayat Raj Institutions Q22.Target of 60 lakh additional houses for the poor have been achieved till 2009.What is the new target adopted under Bharat Nirman ? 1.2 crore houses by 2014 Q23. Base Rate is the rate below which no Bank can allowtheir lending to anyone.Who sets up this „Base Rate‟ for Banks? RBI Q24.What is the full form of DICGC? Deposit Insurance and Credit Guarantee Corporation Q25. What is the maximum deposit amount insured by DICGC? Rs. 100000 per depositor across all banks Q26. Banking Ombudsman Scheme is applicable to the business of______________ All scheduled commercial banks including RRBs Q27.What is the full form of PLR? Prime lending rate Q28.What is the full form of NPS? National pension system Q29. When was Pension Fund Regulatory and Development Authority (PFRDA) established in India? 10th October, 2003 Q30. What is the objective of NPS? To develop and regulate pension sector in the country. Q31. When was National Pension System (NPS) launched in India? 1st January, 2004 Q32.What is the objective of National Pension System (NPS)? Providing retirement income to all the citizens. Q33. Initially, NPS was introduced for the new government recruits (except armed forces). With effect from ________________NPS has been provided for all citizens of the country including the unorganised sector workers on voluntary basis. 1st May, 2009, Q34.Under NPS the subscriber will be allotted a unique (PRAN).What does it stand for? Unique Permanent Retirement Account Number (PRAN Q35.Who can get benefitted by NPS? Central Government Employees, State Government Employees, Corporate, Individual(between the age of 18 and 60 years), Unorganised Sector Workers - Swavalamban Yojana Q36.Who is the regulator of NPS? Pension Fund Regulatory and Development Authority (PFRDA) Q37. What is the full form of SJGSY? Swarnajayanti Gram Swarojgar Yojana Q38. When was the Swarnajayanti Gram Swarojgar Yojana launched in India? April 1, 1999. Q39.
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