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| Banking Awareness Important Points |
Welcome to Banking Awareness section. Here I am presenting some important points to be remembered on banking awareness for upcoming exams like SBI PO, IBPS PO and other exams. Kindly make use of these!!!
1. Banking Ombudsman is appointed by Reserve Bank of India
2. Maximum age for retirement for
MD/CEO of all private banks is 70 years
3. 'Financial Exclusion' is Lack of Access to Financial Services
4. Mutual Funds are regulated by Securities and Exchange Board of India
5. To solve the problems of Balance of
Payments of member countries is function of International Monetary Fund
6. Regulatory Authority for Regional
Rural Bank is of RBI and NABARD
7. The instrument can-not be presented
for the payment in the Clearing House is Fixed
Deposit Receipt
8. Apex institution which handles
refinance for agriculture and rural development in India is NABARD
9. First Multi-currency international
Debit Cards are issued in India by State
Bank of India
10. The Foreign Exchange Reserves of India
are kept in the custody of Reserve Bank
of India
11. "Bank of Rajasthan"
merged with ICICI Bank
12. 'Drawer' in the bank cheques is who issues the cheque
13. 'Drawee' in the bank cheque is Always the Banker
14. The first bank to set up talking
ATM in India is Union Bank
15. During the period of Inflation, tax
rates should Increase
16. Biggest tax paying sector in India
is Industrial Sector
17. Insurance sector is regulated by: IRDA (Insurance Regulatory and Development
Authority)
18. The merchant banking activities in
India are governed by SEBI
19. State Bank of India comes in to
existence in the year 1955
20. "Hum Hai Na" is slogan of
ICICI Bank
