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monetary policy committee

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 d.    C & present again 2.     A customer has a joint SB A/c (E or S) with balance of…

monetary policy committee

SENIOR CITIZEN’S SAVINGS SCHEME

SENIOR CITIZEN’S SAVINGS SCHEME-2004 Ø  Interest @ 8.4% per annum from the date of deposit on quarterly basis w.e.f. 01-04-2017 ( for Quarter-I) Ø  Minimum deposit is Rs 1000 and multiples thereof. Maximum limit of 15 lakhs. Ø  Maturity period is 5 years and can be extended for a further…

monetary policy committee

Banking Questions Test (MCQ)- 59

1.     On a cheque issued by a customer the words bearer or order are not written. This cheque will be treated as- a.    A bearer cheque b.    An order cheque c.     This is not a valid cheque d.    This is not a negotiable instrument now. 2.     Your branch receives a…

monetary policy committee

Banking Questions Test (MCQ)- 58

1.    The following is a promissory note:- a.    I Promise to pay Krishan Rs.1000 after my promotion in Scale –II b.    I promise to pay Sridhar Rs. 1000 one month after his marriage to Seema c.     Pay Rs 1000 d.    None of the above. 2.    A documents which reads as…

CREDIT GUARANTEE TRUST FOR MICRO & SMALL ETERPRISES (CGTMSE)

CREDIT GUARANTEE TRUST FOR MICRO & SMALL ETERPRISES (CGTMSE)

CREDIT GUARANTEE TRUST FOR MICRO & SMALL ETERPRISES (CGTMSE) The CGTMSE provides guarantee cover for the credit facilities provided by member lending institutions (MLIs) to Micro and Small Enterprises (both manufacturing and service sectors) through its Credit Guarantee Scheme (CGS). Retail Credit Facilities and Loans to Medium Enterprises (both manufacturing…

PUBLIC PROVIDENT FUND (PPF) 1968

PUBLIC PROVIDENT FUND (PPF) 1968

Ø  Interest rate of 7.9% per annum w.e.f. 01-04-2017 Ø  Minimum deposit is 500/- per annum. Maximum deposit is Rs. 1,50,000/- per annum Ø  The scheme is for 15 years. Ø  Investment up to Rs 1, 50,000/- per annumqualifies for Income Tax Rebate under section 80C of IT Act. Ø …

PUBLIC PROVIDENT FUND (PPF) 1968

BASIC ACCOUNTANCY

best book ·       The Journal is the beginning. It is the place of systematically recording all business transactions ·      Transactions are routed through various types  of  Accounts ·       All accounts are classified either as Personal or impersonal in nature ·       All personal accounts can be defined as related to…

Banking Questions Test (MCQ)- 57

Banking Questions Test (MCQ)- 57 1.    A clean bill is one which a.    does not contain any superimposed clauses regarding manner of its payment b.    does not indicate defective condition of the goods or packing c.     is not accompanied by any document of title to goods d.    allows for interest…

Computation of Adjusted Net Bank Credit (ANBC)

Adjusted Net Bank Credit (ANBC) Bank Credit in India [As prescribed in item No.VI of Form ‘A’ under Section 42 (2) of the RBI Act, 1934]. I Bills Rediscounted with RBI and other approved Financial Institutions II Net Bank Credit (NBC)* III (I-II) Bonds/debentures in Non-SLR categories under HTM category+…