100 Most Important Banking Awareness One Liner- By DreamBiginstitution.

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100 Most Important Banking Awareness One Liners

1). _______________is the time when a company makes the first

offering of the shares to the public
- Initial Public Offering

2). Doing banking from a cubicle from which food, newspapers, tickets,
etc are also sold is called ___________
- Kiosk Banking

3). __________is a financial ratio which gives us an idea or a measure

of a company’s ability to meet its financial losses
- Leverage Ratio

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4). ____________ is the ability of converting an investment quickly into

cash with no loss in value.
- Liquidity
5). ___________is a kind of security which one offers for taking an
advance or loan from someone.
- Mortgage

6). ___________is the amount of funds that a bank keeps with the RBI.
If the percentage of CRR increases then the amount with the bank comes
down.
- Cash Reserve Ratio

7). __________ is an increase in the quantity of money in circulation

without any corresponding increase in goods thus leading to an
abnormal rise in the price level.
- Inflation

8). _____________is a loan that is made for a very short period of a few
days only with a low rate of interest.
- Call Money

9). Rate of interest at which a bank gives loan to its most reliable
customer is called
- Prime Lending Rate
Explanation:
Rate of interest at which a bank gives loan to its most reliable customer
i.e., customer with, zero risk is called (PLR)

10). Credit Rating Information Services of India Limited was established

on

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- 1987
Explanation:
CRISIL, India's first credit rating agency, is incorporated, promoted by
the erstwhile ICICI Ltd, along with UTI and other financial institutions
on 1987

11). Credit Rating Information Services of India Limited head quarters

located in
- Mumbai

12). Credit Information Bureau (India) Limited is India’s first Credit

Information Company (CIC) founded in
- 2000
Explanation:
Credit Information Bureau (India) Limited is India’s first Credit
Information Company (CIC) founded in August 2000

13). Credit Information Bureau (India) Limited head quarters located in

- Mumbai

14). Credit Analysis & Research Ltd was established on

- 1993
Explanation: CARE Ratings commenced operations in April 1993 and
over nearly two decades; it has established itself as the second-largest
credit rating agency in India.

15). Credit Analysis & Research Ltd head quarters located in

- Mumbai

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Explanation: CARE Ratings’ registered office and head office, is

located at 4th floor, Godrej Coliseum, Somaiya Hospital Road, Sion
(East), Mumbai
16). ICRA Limited (ICRA) is an Indian independent and professional
investment information and credit rating agency was established on
- 1991

17). ICRA Limited (ICRA)head quarters located in

- Gurugram

18). ONICRA Credit Rating Agency of India Ltd. was established on

- 1993

19).ONICRA Credit Rating Agency of India Ltd head quarters located in

- Gurugram

20). High Mark Credit Information Services is a credit bureau was

established on
- 2005
Explanation:
High Mark Credit Information Services is a credit bureau based in
Mumbai was established on 2005

21). High Mark Credit Information Services is a credit bureau head

quarters located in
- Mumbai
Explanation:
High Mark Credit Information Services is a credit bureau based in
Mumbai

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22). SMERA Ratings Ltd (SMERA) is a full service credit rating agency
was established on
- 2005
Explanation:
SMERA Ratings Ltd (SMERA) is a full service credit rating agency
exclusively set up for micro, small and medium enterprises (MSME) in
India and has grown to rate SME, mid & large corporate. The agency
was founded in 2005 by Small Industries Development Bank of India

23). Head quarters of SMERA Ratings Ltd (SMERA) located in

- Mumbai
Explanation:
SMERA Ratings Ltd (SMERA) is a full service credit rating agency
exclusively set up for micro, small and medium enterprises (MSME) in
India, Head quarters of SMERA Ratings Ltd (SMERA) located in
Mumbai

24). Brickwork Ratings (BWR) is Credit Rating Company was

established on
- 2008
Explanation:
Brickwork Ratings (BWR) is a Bengaluru based company registered
with the Securities and Exchange Board of India (SEBI) in 2008

25). Brickwork Ratings Credit Rating Company head quarters located in

- Bengaluru
Explanation:
Brickwork Ratings (BWR) is a Bengaluru based company registered
with the Securities and Exchange Board of India (SEBI) in 2008

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26). ___________ is an autonomous, statutory agency tasked with

regulating and promoting the insurance and re-insurance industries in
India
- Securities and Exchange Board of India
Explanation:
The Insurance Regulatory and Development Authority of India is an
autonomous, statutory agency tasked with regulating and promoting the
insurance and re-insurance industries in India.

27). Insurance Regulatory and Development Authority of India

headquarters located in
- Hyderabad
Explanation:
Insurance Regulatory and Development Authority of India headquarters
are in Hyderabad, Telangana, where it moved from Delhi in 2001

28). Insurance Regulatory and Development Authority of India was

established on
- 1999
Explanation:
Insurance Regulatory and Development Authority of India was formed
by an act of Indian Parliament called as IRDA Act of 1999

29). Life Insurance Corporation of India head quarters located in

- Mumbai
Explanation:
Life Insurance Corporation of India is an Indian state-owned insurance
group and investment company headquartered in Mumbai.

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30). The Life Insurance Corporation of India was founded in

- 1956

31). General Insurance Corporation of India head quarters located in

-Mumbai
Explanation:
General Insurance Corporation of India has its registered office and
headquarters in Mumbai

32). The General Insurance Corporation of India (GIC) was established

on
- 1972
Explanation: The General Insurance Corporation of India (GIC) was
formed in pursuance of Section 9(1) of GIBNA. It was incorporated on
22 November 1972 under the Companies Act, 1956 as a private
company limited by shares.

33). Oriental Insurance Company headquarters located in

- New Delhi

34). Oriental Insurance Company was established on 12 September

-1947
Explanation:
Oriental Insurance Company was incorporated on 12 September 1947 as
a government-owned non- life insurance company

35). New India Assurance Company limited head quarters located in

- Maharashtra

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Explanation:
New India Assurance Company limited head quarters in Mumbai,
Maharashtra

36). New India Assurance Company limited was founded in

- 1919
Explanation:
New India Assurance Company limited was founded by Sir Dorabji Tata
in 1919, and was nationalised in 1973

37). National Insurance Company Limited head quarters located in

- Kolkata
Explanation:
National Insurance Company Limited headquartered at Kolkata was
established in 1906 and nationalized in 1972

38). National Insurance Company Limited was established in

- 1906
Explanation:
National Insurance Company Limited headquartered at Kolkata was
established in 1906 and nationalised in 1972

39). United India Insurance Company head quarters located in

- Chennai

40).United India Insurance Company was established on

-1972
Explanation:

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United India Insurance Company was incorporated on 18 February

1938, and was nationalised in 1972

41). Anyone who solicits insurance, delivers policies and collects

premiums on behalf of an insurance company is called
- Agent

42). In insurance, the person (corporation, partnership, or other

organization) to whom aright or rights under a policy are transferred by
means of an assignment is called
- Assignee

43). In insurance, a legal transfer of ownership of a policy by the policy

owner to another party is called
- Assignment

44). In insurance, the person to whom the proceeds of an insurance

policy are payable is called
- Beneficiary
Explanation:
Beneficiary - In insurance, the person to whom the proceeds of an
insurance policy are payable. The various types of beneficiaries are;
primary beneficiaries (those first entitled to proceeds), secondary
beneficiaries (those entitled to proceeds if no primary beneficiaries are
living); and tertiary beneficiaries (those entitled to proceeds if no
primary or secondary beneficiaries are living).

45). An agreement between owners of a business stipulating when and

how the owner's interest will be sold to a pre-specified party under a pre-
determined pricing formula is called

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- Buy-Sell Agreement

46). In insurance, the equity amount or cash accumulation in a

permanent life insurance policy is called
- Cash Value

47). In insurance, the amount of money redeemable to the owner of a

permanent life insurance policy when the policy is surrendered to the
company is called
- Cash Surrender Value

48). An agreement, enforceable by law, whereby the insurance company

binds itself to certain promises or deeds conditioned on the payment of
premiums due is called
- Insurance Contract

49). A term insurance contract that may be converted to a permanent

form of insurance without a medical examination is called
- Convertible Term

50). A summary of an applicant's credit history for insurance, loans,

credit, etc., made by an independent organization that has investigated
the applicants credit standing is called
- Credit Report

51). In insurance, the amount of benefit an insurance policy will pay in

the absence of loans against the policy is called as
- Face Amount
Explanation:

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Face Amount - In insurance, the amount of benefit an insurance policy

will pay in the absence of loans against the policy. Also known as the
principal sum, or benefit amount

52). Insurance that provides coverage for a group of persons, usually

employees of a company, under one master contract is called
- Group Insurance

53). A person or company that underwrites an insurance risk; the party

in an insurance contract undertaking to pay compensation is called
- Insurer
Explanation:
Insurer - Party that provides insurance coverage, typically through a
contract of insurance
54). Whole life insurance for which the entire premium is paid in one
sum at the beginning of the contract period is called
- Single-Premium Whole Life Insurance

55). In insurance, Process of assigning people to different risk classes is

called
- Underwriting
Explanation:
Underwriting - Process of assigning people to different risk classes.
Insurance companies use underwriting to determine whether, and on
what basis, an insurance policy will be issued.

56). In BAP, “A” stands for

- Auto
Explanation:

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BAP - Business Auto Policy

57). In BOP, “B” stands for

-Business
Explanation:
BOP - Business Owners Policy

58). In EAP, “E” stands for

- Estimated
Explanation:
EAP - Estimated Annual Premium

59). In EPL, “L” stands for

-Liability
Explanation:
EPL - Employment Practices Liability

60). In GAP, “P” stands for

- Protection
Explanation:
GAP - Guaranteed Auto Protection

61). In GWP, “W” stands for

- Written
Explanation:
GWP - Gross Written Premium

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62). In HPR, “R” stands for

- Risk
Explanation:
HPR - Highly Protected Risk

63). IN LTD, “D stands for

- Disability
Explanation:
LTD - Long-Term Disability

64). In MET, “M” stands for

- Multiple
Explanation: MET - Multiple Employer Trust
65). In STD, “S” stands for
- Short
Explanation:
STD - Short-Term Disability

66). FAP stands for

-Family Automobile Policy (FAP)

67). PIA stands for

- Primary Insurance Account (PIA)

68). FIRM stands for

- Flood Insurance Rate Map (FIRM)

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69). UNL stands for

- Ultimate Net Loss (UNL)

70). YRT stands for

- Yearly Renewable Term (YRT)

71). Reserve Bank of India was established under the recommendations

of
- Hilton Young Commission
Explanation:
Reserve Bank of India was established under the recommendations of
the “Hilton Young Commission” also known as “Royal Commission on
Indian Currency and Finance”

72). Reserve Bank of India was established under the

- Reserve Bank of India Act of 1934
Explanation:
Reserve Bank of India was established under the Reserve Bank of India
Act of 1934 as the banker to the central government.

73). Reserve Bank of India launched its operations from

- 1935
Explanation:
Reserve Bank of India launched its operations from April 1, 1935

74). Reserve Bank of India launched its operations from headquarters

-Kolkata
Explanation:

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Reserve Bank of India launched its operations from headquarters were in

Kolkata in the beginning

75). Reserve Bank of India head quarters was shifted to ShahidBhagat

Singh Marg, Mumbai in
- 1937

76). Reserve Bank of India was nationalized on

- 1 April 1948

77). Reserve Bank of India acted as central banking institute for

Mynmar till
- 1948

78). Reserve Bank of India acted as central banking institute for Pakistan
till
- 1947

79). Who was the first Governor of Reserve Bank of India

- Osborne Smith

80). C. D. Deshmukh was the _______governor of Reserve Bank of

India
- Third
Explanation:
C. D. Deshmukh was the third Reserve Bank of India governor and the
first Indian to hold the post.

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81). The Reserve Bank”s affairs are governed by a central board of

directors. The board is appointed by the Government of India for a
period of
-4 year

82). Reserve Bank of India Board consists of a Governor, and not more
than ___ Deputy Governors
-4

83). Reserve Bank of India started with a Share Capital of _________ on

1935
- Rs. 5 Crore

84). Reserve Bank of India is an __________body

- Autonomous
Explanation:
Reserve Bank of India is an autonomous body and government of India
allows to act autonomously

85). Reserve Bank of India Accounting year from

- July - June
Explanation:
Reserve Bank of India Accounting year: July - June

86). What is the Central Bank of Turkey

- Central Bank of the Republic of Turkey
Explanation:
Turkey - Central Bank of the Republic of Turkey; Head quarters -
Ankara

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87). What is the Central Bank of Singapore

- Monetary Authority of Singapore
Explanation:
Singapore - Monetary Authority of Singapore; Head quarters -
Singapore

88). What is the Central Bank of Trinidad and Tobago

- Central Bank of Trinidad and Tobago
Explanation:
Trinidad and Tobago - Central Bank of Trinidad and Tobago; Head
quarters – Port of Spain

89). What is the Central Bank of Spain

- Bank of Spain
Explanation:
Spain – Bank of Spain; Head quarters - Madrid

90). What is the Central Bank of Uganda

- Bank of Uganda
Explanation:
Uganda - Bank of Uganda; Head quarters - Kampala

91). What is the Central Bank of Sweden

- Sveriges Riksbank
Explanation:
Sweden – Sveriges Riksbank; Head quarters - Stockholm

92). What is the Central Bank of Tajikistan

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- National Bank of the Republic of Tajikistan

Explanation:
Tajikistan - National Bank of the Republic of Tajikistan; Head quarters -
Dushanbe

93). What is the Central Bank of Romania

- National Bank of Romania
Explanation:
Romania - National Bank of Romania; Head quarters - Romania

94). What is the Central Bank of Netherlands

-De Nederlandsche Bank
Explanation:
Netherlands - De Nederlandsche Bank; Head quarters -Amsterdam

95). What is the Central Bank of Saudi Arabia

- Saudi Arabian Monetary Agency
Explanation:
Saudi Arabia - Saudi Arabian Monetary Agency; Head quarters - Riyadh

96). What is the Central Bank of Peru

- Central Reserve Bank of Peru
Explanation:
Peru - Central Reserve Bank of Peru; Head quarters - Lima

97). What is the Central Bank of Kazakhstan

- National Bank of Kazakhstan
Explanation:

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Kazakhstan - National Bank of Kazakhstan; Head quarters - Almaty

98). What is the Central Bank of Papua New Guinea

- Bank of Papua New Guinea
Explanation:
Papua New Guinea - Bank of Papua New Guinea; Head quarters – Port
Moresby

99). What is the Central Bank of Kyrgyzstan –

National Bank of the Kyrgyz Republic
Explanation:
Kyrgyzstan - National Bank of the Kyrgyz Republic; Head quarters –
Bishkek

100). What is the Central Bank ofCzech Republic - Czech National

Bank
Explanation:
Czech Republic - Czech National Bank; Head quarters -Czechia

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