Create
Learn
Share

The domain Memorize.com is for sale!
contact: craig AT memorize.com

Banking

rename
vanya's version from 2019-03-20 14:22

Section

Question Answer
The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission
Reserve Bank of India started its operations on 01 Apr 1935
Reserve Bank was nationalised in 1949
The first Governor of Reserve Bank of India was Sir Osborne Smith
The first Indian Governor of Reserve Bank of India was Shri CD Deshmukh
The term of office of Governor of Reserve Bank of India is 5 years
The two Governors who have later held the post of the finance minister of India are Shri CD Deshmukh & Dr. Manmohan Singh
The maximum number of Deputy Governors RBI can have 4
Number of regional offices of RBI 28
RBI can issue notes upto the value of Rs. 10,000/-
The logo of RBI has A palm tree and a tiger
The H.O. of the RBI is inMumbai
memorize

Institutions established by RBI

Institution Head Office
Question Answer
Deposit Insurance and Credit Guarantee Corporation Mumbai
National Housing Bank New Delhi
National Bank for Agricultural and Rural Development Mumbai
Industrial and Development Bank of IndiaTrading Corporation of India Mumbai
Discount and Finance House of India Bharatiya Reserve Bank Note Mudran Private Limited Bangalore
memorize

Important information on Coins and Currency Notes of India

Coins
Question Answer
The Government of India has the sole right to mint coins in terms of the Coinage Act, 1906
The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.
Coins can be issued up to the denomination of Rs.1000 as per the Coinage Act, 1906.
India adopted the decimal system of coinage wef 01 April 1957
As per Coinage Act 1 Re coins can be used to pay/settle Any amount
As per Coinage Act 0.50 ps coins can be used to pay/settle Amount not exceeding Rs. 10
The one rupee note is issued by the Ministry of Finance and signed by the Finance Secretary
One rupee note is considered a coin as per the Indian Coinage Act, 2011
Rs. 10 bimetallic coins are made of aluminium-bronze (outer ring) and copper-nickel (inner part)
memorize

Currency Notes

Question Answer
The number of languages on the language panel of a currency note is Fifteen
The total number of languages on a currency note (including Hindi and English) is Seventeen
The Indian rupee symbol was created by D. Uday Kumar
RBI can issue notes upto the value of Rs. 10,000/-
Images/Identification Marks on Currency Notes
A special feature in intaglio has been introduced on the left of the watermark window on notes to help the visually impaired to identify the denomination.
memorize

 

Denomination Image on the obverse of the Note Identification mark for visually impaired
Question Answer
Rs. 5 Tractor in a field —
Rs. 10 Rhinoceros, Tiger and elephant —
Rs. 20 Mt Harriet and Port Blair lighthouse Rectangle
Rs. 50 Indian Parliament House Square
Rs. 100 Himalayas Triangle
memorize
New notes - Post 2016
Question Answer
Rs. 2000 Mangalyaan –
Rs. 500 (new) Red Fort –
Rs. 200 Sanchi Stupa Letter H
Rs. 50 Hampi with chariot –
Rs. 10 Konark sun temple –
memorize
Demonetized notes
Question Answer
Rs. 1000 Economy of India represented by an oil rig, satellite, computer, harvester and foundry Diamond
Rs. 500 Dandi march represented by Gyarah Murti statue of Delhi Circle
Denomination Image on the obverse of the Note Identification mark for visually impaired
Rs. 5 Tractor in a field —
Rs. 10 Rhinoceros, Tiger and elephant —
Rs. 20 Mt Harriet and Port Blair lighthouse Rectangle
Rs. 50 Indian Parliament House Square
Rs. 100 Himalayas Triangle
memorize
New notes - Post 2016
Question Answer
Rs. 2000 Mangalyaan –
Rs. 500 (new) Red Fort –
Rs. 200 Sanchi Stupa Letter H
Rs. 50 Hampi with chariot –
Rs. 10 Konark sun temple –
memorize
Demonetized notes
Question Answer
Rs. 1000 Economy of India represented by an oil rig, satellite, computer, harvester and foundry Diamond
Rs. 500 Dandi march represented by Gyarah Murti statue of Delhi Circle
memorize
Coins Minting and Currency Printing Units

Units under BRBNMPL

Question Answer
Unit Location Manufactured items
Note Press Mysore, Karnataka Currency Notes
Note Press Salboni, West Bengal Currency Notes
memorize

Units under SPMICL

Question Answer
India Government Mint Mumbai, Kolkata, Hyderabad, Noida Coins of all denominations
Currency Note Press Nashik Currency Notes
Bank Note Press Dewas Currency Notes
India Security Press Nashik Judicial/non-judicial stamp papers, postal & non postal stamps & stationery, passports etc.
Security Printing Press Hyderabad Postal Stationery items, Central Excise Stamps, Non-Judicial Stamps, Court Fee Stamps, Indian Postal Orders and Saving Instruments
Security Paper Mill Hoshangabad Different types of Security PapersThe oldest Joint Stock Bank of India Allahabad Bank
The bank founded by Freedom Fighter Dr. Bhogaraju Pattabhi Sitaramayya Andhra Bank
First bank to open a branch outside India Bank of India, London, 1946
The first bank to be given an ISO 9002 certificate for one of its branches Canara Bank
The Postal Dept has issued a commemorative stamp in the name of this bank celebrating 100 years in 2011 Central Bank of India
First Indian Bank to be wholly owned by Indians i Central Bank of India
The bank formed on the efforts of Lala Lajpat Rai Punjab National Bank
The only merger of nationalised banks took place between Punjab National Bank and New Bank of India in 1993
The bank whose brand equity is "Pygmy Deposit Scheme" Syndicate Bank
The bank which was conceived by Shri GD Birla UCO Bank
The bank which was inaugrated by Mahatma Gandhi in 1919 Union Bank of India
The largest among nationalised banks Punjab National Bank
The bank established in the year 1913 as Bank of Mysore Ltd. at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr. Sir M.Visvesvaraya. State Bank of Mysore
The State with largest number of commercial bank offices Uttar Pradesh (13167 as on 31.03.2013)
The bank which sponsors the annual Mumbai Marathon held in the month of January Standard Chartered
memorize

Banking related training centres and research institutes

Institute Location
Question Answer
College of Agricultural Banking Pune
National Institute of Bank Management v Pune
Indira Gandhi Institute of Developmental Research Mumbai
Institute for Development and Research in Banking Technology Hyderabad
memorize

Name of the Bank Head Office Slogan

Question Answer
Allahabad Bank Kolkata A Tradition of Trust
Andhra Bank Hyderabad Friendly, Intelligent, Responsive
Bank of Baroda Baroda India's International Bank
Bank of India Mumbai Relationship beyond banking
Bank of Maharashtra Pune One Family, One Bank
Canara Bank Bengaluru We are changing for you
Central Bank of India Mumbai Central to you since 1911
Corporation Bank Mangalore Sarve Janah Sukhino Bhavantu
memorize
Prosperity to All
Question Answer
Dena Bank Mumbai Trusted Family Bank
Indian Bank Chennai Taking Banking Technology to the Common Man
Indian Overseas Bank Chennai
Oriental Bank of Commerce New Delhi Where Every Individual is Committed
Punjab and Sindh Bank New Delhi Where service is a way of Life
Punjab National Bank New Delhi The name you can bank upon
Syndicate Bank Manipal Faithful, Friendly
Union Bank of India Mumbai Good people to bank with
UCO Bank Kolkata Honours yours trust
Vijaya Bank Bangalore A friend you can bank upon
Bhartiya Mahila Bank New Delhi Naari ki pragati, Desh ki unnati Empowering Women, Empowering India
IDBI Bank Mumbai Bank Aisa, Dost Jaisa
Name of the Bank Head Office Slogan
Federal Bank Aluva, Kerala Your Perfect Banking Partner
Karur Vysya Bank Karur, Tamil Nadu Smart Way to Bank
Yes Bank Mumbai Experience our Expertise
Jammu and Kashmir BankSrinagar Serving to Empower
Catholic Syrian Bank Thrissur, Kerala Support all the way
South Indian Bank Thrissur, Kerala Experience Next Generation Banking
Karnataka Bank Mangalore, Karnataka Your Family Bank, Across India
City Union Bank Kumbakonam Trust and Excellence since 1904
memorize

Country Name of Central Bank Head Office

Question Answer
Australia Reserve Bank of Australia Sydney
Bangladesh Bangladesh Bank Dhaka
China People's Bank of China Beijing
Eurozone European Central Bank Frankfurt
United Kingdom Bank of England London
Japan Bank of Japan Tokyo
Nepal Nepal Rashtra Bank Kathmandu
memorize
Pakistan State Bank of Pakistan Karachi
Question Answer
Russia Central Bank of Russian Federation Moscow
Saudi Arabia Saudi Arabian Monetary Agency Riyadh
South Africa South African Reserve Bank Pretoria
Sri Lanka Central Bank of Sri Lanka Colombo
Switzerland Swiss National Bank Zurich
United States of America Federal Reserve System Washington D.C.
France Banque de France Paris
Institution Founded in Members Objective Headquarters
African Development Bank 1964 53 African countries 25 non-African countries To promote sustainable economic growth and reduce poverty in Africa. Abidjan, Côte d'Ivoire
Asian Development Bank 1966 48 Asia-Pacific countries 19 non-Asia-Pacific countries Fighting poverty in Asia and the Pacific. Mandaluyong City, Metro Manila, Philippines
European Bank for Reconstruction and Development 1991 64 countries from all over the world and European Union and European Investment Bank To invest in projects that foster transition to open market economies.. London, United Kingdom
Inter-American Development Bank 1959 26 regional countries 22 non-regional countries To support efforts by Latin America and the Caribbean countries to reduce poverty and inequality and bring about development in a sustainable, climate-friendly way. Washington D.C., U.S.A.
Asian Infrastructure Investment Bank 2014 21 countries To provide finance to infrastructure projects in the Asia Pacific region. Beijing
memorize
The maximum amount for which customer's deposit is insured in a bank (by the Deposit Insurance and Credit Guarantee Corporation,

Bank Rates and Ratios

Rates

Question Answer
Bank Rate It is the rate at which the Reserve Bank of India lends money to commercial banks or financial institutions. An upward revision in Bank Rate implies that banks will also increase deposit rates as well as Base Rate. To the consumer it means a variation in the interest rates on deposits and also EMI.
Repo Rate It is the rate at which a bank sells a security to the RBI to raise money. The bank in this case agrees to buy back the security on a predetermined date with an interest rate (Repo Rate).
Reverse Repo Rate As the name implies it is the rate at which RBI borrows money from banks. It is a monetary policy instrument which is used to control the money supply in the country.
Base Rate The minimum rate below which banks are not allowed to lend money except in cases specified by the Reserve Bank of India. Base rate was introduced in India on 01 July 2010.
memorize

Ratios

Question Answer
Cash Reserve Ratio It is the proportion of demand and time liabilities which banks in India are required to hold in the form of cash. Such cash is usually deposited with Reserve Bank of India (RBI). This minimum ratio is stipulated by the RBI and used as a tool to control liquidity in the banking system.
Statutory Liquidity Ratio It is the minimum percentage of demand and time liabilities (deposits) that the bank has to maintain in form of gold, cash or other approved securities at the close of every business day.
Capital Adequacy Ratio It is the ratio of bank's core capital to its risk weighted assets. It is a measure of a bank’s ability to absorb losses by calculating the ratio of capital to risk.ned subsidiary of RBI) Rs. 1,00,000
memorize