Banking Awareness Questions - 31st August 2014 by Gandhi Raveendra Reddy

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Here I am sharing some banking questions which are important for bank exams.
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Banking Awareness Questions - 31st August 2014

241. Extent of Investment fluctuation reserve for banks Minimum 5% of securities classified as held for:
Answer: Trading and Available for Sale.

242. Smallest part of computer memory is:
Answer: Bit .

243. A branch is considered as rural branch if it is located as a place with population below:
Answer: 10,000. (RBI definition), however for PMEGP it is 20000

244. Converting physical shares to electronic from is called:
Answer: Dematerialization

245. Official Language Committee Meeting:
Answer: Once in a quarter

246. Minimum age of minor for self operated account:
Answer: 10 years

247. Vyas committee recommendations relates to:
Answer: Agriculture credit

248. Committee which recommended about Universal Banking:
Answer: R.H. Khan

249. The Uniform Custom & Practices for Documentary Credits (UCP 600) has _ as the total number of Articles:
Answer: 39

250. Agency commission rat~ for governments business receipts is at the rate of_ per transaction:
Answer: Rs. 45

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