SBI PO 2017 One Liner Questions Pdf – Top 500 One liner Questions For SBI PO Pdf anti money laundering definition

SBI PO 2017 one liner questions pdf – top 500 one liner questions for SBI PO pdf

• 1. Is a temporary pass through account held by a third party during the process of a transaction between two parties— escrow account‘

• ways and means’ advances refers to —– the temporary advance made to the government by its bankers to bridge the interval between expenditure and the flow of receipt of revenues.

• “micro credit” means —— loan of very small amount

• 6 more private banks were nationalized on —- 1980(deposits over 200 crores).

• A account is maintained by an indian bank in the foreign countries— -nostro account

• A cheque becomes stale after —- 3 months

• A customer can link how many account to the same mobile number—- more than one.

• A loan offered to an individual who does not qualify for a loan at the prime rate due to their credit history—- sub prime lending

anti money laundering definition

• A NBFC is a company registered under —- companies act,1956

• A NBFC prohibited—- accepted demand deposits

• A non-banking financial company (NBFC) is a company registered under the—- companies act, 1956

• A rise in the reserve ratio of banks —- will lead to a decrease in the money supply

• an instrument in the form of depository receipt created by an indian depository against underlying equity shares of the issuing company—– IDR

• ASBA(applications supported by blocked amount) is associated with— IPO

• atms set up, owned and operated by non-banks are called—- white label atms

• banking ombudsman scheme is applicable to the business of— all scheduled commercial banks including rrbs.

• banking ombudsmen is appointed by RBI under— banking regulation act

• banks are required to maintain SLR under —– section 24 of the banking regulation act.

• call money is related to —— money market.Anti money laundering definition

• can NBFC accept demand deposits —- no

• certificate of deposits can be issued for a maximum period of— 365 days(minimum 7 days)

• certificates of deposits have a minimum value of —- 1 lakh.

• CIBIL score range —– 300-900.

• commercial paper (CP) introduce in—— 1990

• concept of tobin tax is associated with— foreign exchange transactions

• CRAR—– capital to risk (weighted) assets ratio

• currency which is hyper sensitive and fluctuates frequently.—- soft currency(weak currency).

• current account becomes dormant when there are no withdrawals for the last— 2 years

• customers using the UPI system only share —- virtual ADDRESS.

• educational for all development index is released by —- UNO

• expand FSDC—– financial stability and development council

• 2. FCNR accounts can be opened and maintained as—— term deposit accounts

• foreign currency which has a tendency of quick migration is called- hot currency.Anti money laundering definition

• foreign exchange reserves of india are kept in the custody of —— RBI.

• fully KYC complaint account holders may be allowed to withdraw of PMJDY for month- – 10000

• how many codes are there in SWIFT code—- 8 or 11(4—bank code,2-country code,2- location code,3—branch code)

• how many digits are there in mobile money identifier(MMID)—- 7

• how much percentage of the net credits of commercial banks should be in priority sector lending——– 40%

• how much percentage of the net credits of small finance banks should be in priority sector lending —— 75%

• how user will know whether his/her AADHAAR number is seeded/linked to any bank account number or not—– dial *99*99# on mobile

• in india, national income is estimated by —- central statistical organization(CSO).

• in NUUP, a customer can access banking services by just pressing —– *99#.

• in what denominations a CP that can be issued—– 5 lakh or multiples thereof.Anti money laundering definition

• interest on the savings bank accounts is compounded —— daily

• is deposit insurance and credit guarantee corporation available to depositors of nbfcs— no

• is introduction necessary while opening a bank account—- NO

• KYC guidelines followed by the banks have been framed on the recommendations of the—– RBI.

• last date declarant make the deposit into the scheme PMGKDS—- march 2017

• LLP— limited liability partnership.

• maximum amount for mental agony and harassment in case of creditcard—- 1 lakh

SBI PO 2017 one liner questions pdf – top 500 one liner questions for SBI PO pdf

• maximum amount of compensation as specified under banking ombudsman—– 10 lakh

• minimum and maximum period of maturity prescribed for CP— -7days—1 year

• national savings certificate matures at the end of—- 5 years.

• nationalize 14 major commercial bank on —- 19 july,1969(deposit over 50 cr).Anti money laundering definition

• non KYC compliant account holders may be allowed to withdraw of PMJDY for month– – 5000

• on a cheque instead of two parallel lines only bank’s name is written. It is a—— special crossing

• on the basis of recommendations of which of the following committees NABARD was established—— sivaramana committee.

• one rupee notes bear the signature of………. Secretary, ministry of finance.

• PMGKDS stands— pradhan mantri garib kalyan deposit scheme,2016– taxation and investment regime

• PSLC —- priority sector lending certificates

• rates of interest on deposits are determined by——— the bank itself.

• RBI was nationalized on – —– 1 january 1949.

• regulator of capital market…….. SEBI

• report on currency and finance —— RBI.

• rrbs is established in —— 2 oct 1975.

• SBI establishment day is celebrated on —— 1st july.

• SDR, the currency of the IMF, is in the form of —— book keeping entry only.Anti money laundering definition

• security on immovable property for a loan given by a bank —– mortgage.

• systematic investment plan is related to —– mutual funds

• the banking ombudsman scheme is introduced under—– section 35 A of the banking regulation act, 1949

• the banking regulation act was implemented on—– march 10, 1949.

• the chairman of SEBI is nominated by —— goi.

• the definition of ‘banking’ is given in—- the banking regulation act, 1949.

• the export-import bank of india was set up in —— january 1982.

• RBI is the central bank of india

• RBI was setup on the recommendations of royal commission on indian currency and finance also known as the hilton­ young commission.

• RBI has 4 regional offices at mumbai, kolkatta, chennai and delhi.

• the head office of RBI is located at mumbai.

• currency notes other than one rupee notes are issued by RBI.

• scheduled commercial banks are included in the second schedule to the RBI act 1934.Anti money laundering definition

• schedule commercial banks are­ SBI and its associates, nationalized banks, private sector banks, regional rural banks, urban cooperative banks, state cooperative banks.

• 14 banks were nationalized on 19 july 1969.

• regional rural banks were established on 2.10.1975

• all commercial banks including branches of foreign banks functioning in india, local area banks and regional rural banks are insured by the DICGC(deposit insurance and credit guarantee corporation of india limited).

• each depositor in a bank is insured upto a maximum of rs 1 lakh for both principal and interest amount.

• LIC (life insurance corporation) of india was established in 1956 as wholly owned corporation of the government of india.

• export and import bank of india (EXIM) was established in 1982.

• national bank of agriculture and rural development (NABARD) was established in 1982.Anti money laundering definition

• interest payable on savings bank account is not regulated by RBI

• fixed deposits and recurring deposits are repayable after an agreed period.

• when a bank returns a cheque unpaid , it is called as dishonor of the cheque.

• mortgage is a security on immovable property for a deposit received by a bank.

• accounts in which shares of various companies are traded in electronic form is called demat account.

• distribution of insurance products and insurance policies by the banks as

Corporate agencies is known as bank assurance.

• the rate of inflation increases when the purchasing power of money decreases.

• treasury bills, commercial paper, certificate of deposit, shares and bonds are called as money market instruments.

• repurchase agreement is not money market instrument.

• the loans of very small amount given to low income group is called as micro credit.

• ALM stands for asset liability management

anti money laundering definition

• the banking ombudsman resolves the complaints of the customers in regard to services provided by the banks.

SBI PO 2017 one liner questions pdf – top 500 one liner questions for SBI PO pdf

• money laundering means the process of conversion of money obtained illegally to

Appear to have originated from legitimate sources

• A cheque which has completed the stipuled validity of the cheque is called as stale


• interest is not paid in current accounts.

• CAMEL denotes capital adequacy, asset quality, management, efficiency and liquidity.

• when the ATM machine installed in the bank is out of order, it is called as

Operational risk.

• when the loans are not repaid in time, it is called as credit risk.

• the first indian bank to open a branch outside india in london in 1946 is bank of


• soiled note means a note which has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note and form the entire note.Anti money laundering definition

• mutilated banknote is a banknote of which a portion is missing or which is composed of more than two pieces.

• the first banknote issued by independent india wa the one rupee note issued in


SBI PO 2017 one liner questions pdf – top 500 one liner questions for SBI PO pdf