General Banking Promotion Tonics 1

1) The merchent Bankers are Financial Intermediaries.

2) A person named by the deceased in his 'will' to manage his estate is called Executor.

3) Banking companies are permitted to issue  shares only in the form of equity shares. 

4) The legal organization of a mutual fund is in the form of Trust.

5) IDRs are denominated in Indian Rupees.

General Banking Promotion Tonics

Promotion Tonic 1

1) In case of garmishee order, the court issues first order which is called Nisi.

2) what is the maximum compensation awarded for Credit Card Related complient? Rs.1 Lakh.

3) Bank has to prepare Balance sheet and profit and loss as per 3ed Shedule of BR Act.

4) A banking company has to obtain licence from RBI to carry out Banking business. As per Section 22 of BR Act.

5) What is the maximum number of partners in LLP? No limit.

Questions Banking Awareness 1

Banking Quiz

1) All the receipts which exceeds Rs. 5000 requires one rupee revenue stamp

2) In case of safe custody joint operation, No nominee can be added as per law

3) In India FOREX rates is decided by Market forces

4) The bank can file application in DRT if the Due debit is 20 Lakh and above

5) In letter of credit does not indicate weather the credit is revocable or irrevocable then as per UCPDC 600, it will be treated as Irrevocable.