Saturday, 6 May 2017

MCLR- (Marginal Cost of Funds based Lending Rate)

Marginal Cost of Funds based Lending Rate
Ø  All rupee loans sanctioned and credit limits from 1 April 2016 will be priced with MCLR which will be the internal benchmark

Thursday, 4 May 2017

Banking Questions Test (MCQ)- 63

Q1. Which of the following statements is true about RBI?
a.    RBI is a statutory, autonomous, independent body incorporated as per the Sec 3 of the RBI Act 1934.
b.    RBI commenced its operation on 01.04.1935.

Tuesday, 2 May 2017

Banking Questions Test (MCQ)- 62

1.    Which of the following is not a qualified acceptance:
a.    Accepted payable after return of my son from Chennai
b.    A bill for Rs. 25000/- accepted for Rs. 18000
c.     A bill accepted payable at Allahabad Bank

Monday, 1 May 2017

Banking Questions Test (MCQ)- 61

1.     In case of bill in sets, acceptance or payment is made on
a.    all copies of the bill.
b.    only on original copy
c.     any two copies of the bill

Sunday, 30 April 2017

Banking Questions Test (MCQ)- 60

1.     A bank does not want to pass a cheque against clearing. It will return the cheque with remark –
a.    Refer to drawer
b.    Exceeds arrangement
c.     Effect not cleared