Banking Awareness

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Under which method of note-issue the RBI issues notes—- Minimum Reserve System.


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


FCNR accounts can be opened and maintained as—— Term Deposit Accounts


An instrument in the form of Depository Receipt created by an Indian Depository against underlying equity shares of the issuing company—– IDR


Interest on the savings bank accounts is compounded —— Daily


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


A cheque becomes stale after —- 3 months


What is a temporary pass through account held by a third party during the process of a transaction between two parties— Escrow Account


CRAR—– Capital to Risk (Weighted) Assets Ratio


On a cheque instead of two parallel lines only bank’s name is written. It is a—— Special crossing


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