Banking Exam Notes

Question 1 ‘Fagli’ festival celebrated in which state of India?  Answer -  * The traditional ‘Fagli’ festival was celebrated in Yangpa village of Kinnaur district, Himachal Pradesh. The festival is organised to observe the “victory of good over evil”. * This festival is celebrated to mark the end of winter or the beginning of spring. * It is celebrated in the entire valley on the moonless night or Amavasya. Question 2 ‘Hola Mohalla’ festival was celebrated in which state of India? Answer - * ‘Hola Mohalla’ is the annual Sikh festival celebrated on the following day of the festival Holi at Sri Anandpur Sahib, Punjab. * The festival will be celebrated for 3 days from March 10 to 12, 2020. * The festival aims to physically strengthen Sikh community by holding acrobatic military exercises and mock battles. Question 3 What is the theme of the International Women’s Day (IMD) 2020? Answer - The UN Women’s theme for 2020 is “I am Generation Equality: Realizing ...

Question 1  The NACH system provides a robust, secure and scalable platform to the participants with both transaction and file-based transaction processing capabilities. What does ‘NACH’ stand for?    A National Account Clear Home B National Automatic Clear House C National Automated Clearing House D National Account Clearing House E National Auto Clear House SOLUTION- NACH stands for - National Automated Clearing House National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for banks, financial institutions, corporates and the Government. NACH is a web-based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature. NACH System can be used for making bulk transactions towards the distribution of subsidies, dividends, interest, salary, pension, etc. and also towards the collection of payments pertaining to telephone, electric...