BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the bank should have a positive net worth and earned net profit during the preceding year
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the bank should not have defaulted in maintenance of CRR/SLRrequirements on more than three occasions during the preceding 2 years.
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net NPA level of the bank should not exceed 5% of the outstanding advances as on 31st March of the preceding year
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All of these
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Detailed explanation-1: -ii) The interest on FCNR(B) deposits should be calculated and paid in the manner indicated below: a) For deposits up to one year, at the applicable rate without any compounding effect, b) In respect of deposits for more than 1 year, at intervals of 180 days each and thereafter for the remaining actual number of days.
Detailed explanation-2: -1. Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2, 50, 000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both.
Detailed explanation-3: -FCNR accounts are offered for not less than 1 year and not more than 3 years.
Detailed explanation-4: -LRS allows Indian residents to freely remit up to USD $250, 000 per financial year for current or capital account transactions or a combination of both. Any remittance exceeding this limit requires prior permission from the RBI.