Nabard & Other Bank Examinations(Banking Exam > Banking Awareness Test For Ibps > Rbi > Sbi ) Questions and Answers
Explanation:-
Answer: Option A. -> Section 35 AKYC GUIDELINES WERE ISSUED UNDER SECTION 35 A OF THE BANKING REGULATION ACT, 1949.THESE WERE INTRODUCED IN YEAR 2002 BY RBI AND ALL BANKS WERE ASKED TO MAKE ALL ACCOUNTS KYC COMPLIANT BY 31 DECEMBER 2005.BANKS ARE ALSO REQUIRED TO PERIODICALLY UPDATE THEIR CUSTOMERS’ KYC DETAILS.
Explanation:-
Answer: Option A. -> 182 daysA PERSON SHOULD RESIDE IN INDIA FOR 182 DAYS IN A YEAR BEFORE APPLYING FOR THE ENROLMENT OF AADHAR CARD. TO OBTAIN AN AADHAAR NUMBER, AN INDIVIDUAL HAS TO SUBMIT FOLLOWING:
BIOMETRIC (PHOTOGRAPH, FINGER PRINT, IRIS SCAN)
DEMOGRAPHIC (NAME, DATE OF BIRTH, ADDRESS) INFORMATION
Explanation:-
Answer: Option D. -> None of the AboveAS PER RBI GUIDELINES ALL BANKS ARE REQUIRED TO FORMULATE A KYC POLICY WITH THE APPROVAL OF THEIR RESPECTIVE BOARDS. THE KYC POLICY CONSISTS OF THE FOLLOWING FOUR KEY ELEMENTS: 1) CUSTOMER ACCEPTANCE POLICY 2) CUSTOMER IDENTIFICATION PROCEDURES 3) MONITORING OF TRANSACTIONS 4) RISK MANAGEMENT.
Explanation:-
Answer: Option C. -> Both a and bTHERE ARE TWO TYPES OF CREDIT REPORTING INSTITUTIONS. THESE ARE CREDIT BUREAU AND CREDIT REGISTRY. CREDIT REGISTRIES TEND TO BE PUBLIC ENTITIES. THEY ARE USUALLY MANAGED BY CENTRAL BANKS OR BANK SUPERVISION AGENCIES. IN CONTRAST, CREDIT BUREAUS TEND TO BE PRIVATELY OWNED AND PRIVATELY OPERATED COMPANIES.
Explanation:-
Answer: Option B. -> 01.06.2000FEMA WAS PROMULGATED IN THE YEAR 1999, TO REPEAL AND REPLACE THE EARLIER ACT. THE ACT CAME INTO FORCE W.E.F 01.06.2000.THE ACT APPLIES TO THE WHOLE COUNTRY AND TO ALL THE BRANCHES AND AGENCIES OF THE BODY CORPORATE OPERATING OUTSIDE INDIA, WHOSE OWNER OR CONTROLLER IS AN INDIAN RESIDENT.
Explanation:-
Answer: Option D. -> Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999SMERA HAS BEEN REGISTERED UNDER SECURITIES AND EXCHANGE BOARD OF INDIA (CREDIT RATING AGENCIES) REGULATIONS, 1999.SMERA IS REGISTERED WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) AS 6TH CREDIT RATING AGENCY IN INDIA.
Explanation:-
Answer: Option B. -> March1,1993LIBERALIZED EXCHANGE RATE MANAGEMENT SYSTEM (LERMS) INVOLVING THE DUAL EXCHANGE RATE WAS INSTITUTED AFTER THE RECOMMENDATIONS OF C. RANAGARAJAN COMMITTEE. IT IS EFFECTIVE FROM MARCH 1, 1993.
Explanation:-
Answer: Option D. -> USATHE PUBLIC SUCCESSES OF THE VENTURE CAPITAL INDUSTRY IN THE 1970S AND EARLY 1980S GAVE RISE TO A MAJOR PROLIFERATION OF VENTURE CAPITAL INVESTMENT FIRMS. VENTURE CAPITAL FUND OF AMERICA, THE FIRST PRIVATE EQUITY FIRM FOCUSED ON ACQUIRING SECONDARY MARKET INTERESTS STARTED ITS OPERATION IN 1982.