Banking Awareness Questions - 2nd September 2014 by BankExamzGuru

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Here I am sharing some banking questions which are important for bank exams.
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Banking Awareness Questions - 2nd September 2014

261. What is the cut-off point for reforming fraud cases to CBI :
Answer: Rs. 1 crore

262. RTGS will minimize __ risk:
Answer: Settlement risk

263. What are the Indian Depository Receipts:
Answer: Financial Instruments that allow foreign companies to mobilize funds from Indian markets

264. Which act gives legal guarantee of 100 days employment in rural areas to 1 person in every household:
Answer: National Rural Employment Guarantee Act (NREGA)

265. Service tax has to be remitted to the Govt. A/c by :
Answer: 5th of the succeeding month

266. The risk of loss resulting from inadequate or failed intemal processes, people and systems or from external events is :
Answer: Operational risk

267. Which committee had recommended formation of Banking Standards and Codes Board to prescribe guidelines in the banking sector for improving customer service:
Answer: S.S. Tarapore Committee

268. Which state stands first in promoting SHG movement:
Answer: Andhra Pradesh

269. ICRA, the rating company has become an associate of :
Answer: Moody's Investor Service

270. Under what provisions Lok Adalats are set up:
Answer: Legal Services Authority Act, 1987

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